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Africa
EU Allocates $102.5 million for Humanitarian Aid to Nigeria and other Countries
According to the European Union, the humanitarian aid of €102.5 million will support Nigeria and other nations in…
Bank of Ghana Plans to Raise Interest Rates by 175 Basis Points.
The Bank of Ghana, which is grappling with runaway inflation, is expected to deliver another significant interest…
Meta is Urged to Enhance Content Control for Africa as a Contractor Leaves.
Rights organizations are urging Meta Platforms to take advantage of the chance to enhance content moderation in…
Kenya Inflation to Fall Back Within Target in Q1.
Kenya's central bank expects inflation to fall within its target range in the first quarter of 2023 and is…
JPMorgan: Prior to the South Africa Budget, Investors should Purchase Eskom Bonds.
JPMorgan has urged investors to purchase Eskom bonds in South Africa before the country's budget, which is…
Kenya Aims to Cut its Borrowing Requirements Both Domestically and…
According to a draft budget policy statement from the ministry of finance, Kenya will set a net external financing…
Aid and Advocacy Organizations in Ghana Demand Debt Cancellation.
In an effort to help Ghana deal with its economic crisis, more than two dozen aid and advocacy organizations…
Ghana’s Producer Inflation Drops in December to 52.2%.
According to statistics service data released, Ghana's producer price inflation decreased from 78.1% in November…
The IMF’s Executive Board Authorizes a $240 million Payment to Uganda.
According to the International Monetary Fund (IMF), two reviews of a financing agreement with Uganda were approved…
Ghana Delays The Exchange Deadline for Domestic Debt a Third Time.
The registration deadline for Ghana's domestic debt exchange has once more been extended, this time to January 31,…
Ghana’s Inflation Rises to a Record 54.1% as Food Costs Rise.
In December 2022, Ghana's inflation rate reached a record 54.1% due to rising costs for food, housing, and…
Kenya Consents to Removing Import Taxes on Goods from Uganda.
Kenya and Uganda have decided to stop engaging in "unnecessary and expensive competition" and instead concentrate…
Kenya: The Majority of NSE Companies do not Pay Dividends.
In the most recent financial year cycle, almost half of the Nairobi Securities Exchange (NSE) listed companies did…
Tanzania: Oil Traders Forecast that Local Gasoline Prices will Stabilize 2023.
The year 2023 began with petroleum products moving in a variety of directions, predictions for the stability of…
Ghana’s Currency Depreciates Further Against the US Dollar.
Despite performing admirably over the past month, the Ghana cedi is now starting to lag behind the US dollar.…
Kenya: Bondholders Bid Sh39 billion at the Switch Auction.
The switch auction, which closed on November 30, 2022 was largely occupied by holders of the two-year bond that…
Transform Health Fund wins $50 million in commitments
The Health Finance Coalition (HFC), powered by Malaria No More, and AfricInvest pledged commitments of $50 million…
Amethis Invests Growth Capital into Moroccan Globex Logistics.
The Moroccan company Globex, a specialist in fast messaging, freight, and transit solutions in Morocco and…
Ghana is Prepared to Submit a G20 Framework Debt Relief Request.
Ghana is prepared to submit a request for debt relief under the G20 Common Framework program and has asked for…
President Ruto has Stated that Kenya Will Not Miss Debt Payments.
According to President William Ruto, Kenya will not default on its debt and has plans to increase tax collection…
Uganda: Ggoobi Declares That No New Taxes will be Implemented In The Upcoming…
The government has ruled out enacting new taxes or raising existing ones in the fiscal year 2023–2024. The action…
Nigeria’s Senate Approves The 2023 Budget but Defers a Decision On The…
The Nigerian Senate raised the budget for 2023 by 6. 4% to 21. 83 trillion naira ($49 billion) and postponed a…
In 2023, German Corporations Intend to Invest more in Africa.
43% of German companies anticipate increasing their investments in Africa in the upcoming year, particularly in…
Pension Funds will not be Included in Ghana’s Domestic Debt Restructuring.
According to a letter signed by the finance and labor ministers, as well as an alliance of trade unions, Ghana…
World Bank Grants $311 million for West Africa’s Renewable Energy.
The World Bank has granted $311 million in International Development Association financing to improve West…
Tanzania: NBC Bond Trades at DSE Following a Successful Sale.
The National Bank of Commerce (NBC) bond, which was recently completed, is now open to investors through the Dar…
Kenya Campaigns for an Import Ban on Radioactive Waste.
In accordance with a continental agreement to prevent Africa's borders from becoming a dumping ground for foreign…
Kenya: Treasury Announces a New Plan for Sh110 billion in Syndicated Loans.
According to an International Monetary Fund (IMF) report, Kenya will take out syndicated loans totalling Sh110. 7…
Ghana’s Third-quarter Growth Dips to 2.9%
According to the statistics office, Ghana's third quarter economic growth dropped to 2. 9% year over year from 6.…
IMF Approves Disbursement of $447.39 million to Kenya
The International Monetary Fund's (IMF) board has approved the disbursement of $447.39 million to Kenya after a…