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Africa
Government Financing By The Bank Of Ghana Is Not Fatal.
According to Ken Ofori-Atta, the minister of finance, the Bank of Ghana (BoG) lent the government GH37.96 billion…
KENYA: Bank Loan Interest Rates Have Risen To Their Highest Level In 52 Months.
In December, bank lending rates increased to their highest level in 52 months as a result of rate rises by Kenya's…
Eskom’s CEO is Stepping Down with Immediate Effect in South Africa.
The state-owned electricity provider in South Africa, Eskom, said that its CEO, Andre de Ruyter, will resign from…
Mission Produce Announces a Joint Venture with ZZ2 Boerdert and Criterion Africa…
A joint venture with ZZ2 Boerdery, one of South Africa's leading farming firms, and Criterion Africa Partners, a…
Kenya: Shaka Kariuki is Named the CAK Chairman by Ruto.
Shaka Kariuki, a businessman, has been named the new chair of the Competition Authority of Kenya (CAK) board by…
A Majority Share in FSG is Purchased by Africa Lighthouse Capital.
As certain regional competition authorities applauded its proposed purchase of further shares in funeral services…
Partech Closes the Largest Africa-focused Fund for the First Time at €245 million.
The largest Africa-focused fund to date, Partech Africa II has reached its first close at €245 million (about $263…
Kenya Power will Switch 2,000 Vehicles to Electric in 4 Years.
Over the next four years, Kenya Power, the country's main power supplier, plans to convert 2,000 of its gasoline-…
Tanzania: A Crucial Dry Port is about to Start Operating.
The Coast Region's Kwala Dry Port is finally scheduled to open this month, which is a significant development that…
Finance Minister Tells Retirees Ghana Debt Swap Deal Is Beneficial.
In an effort to complete a domestic debt exchange, the beleaguered government of Ghana in West Africa told a group…
Vantage’s Fourth Mezz Fund Surpasses its Goal at Final Close.
Africa's largest mezzanine fund manager, Vantage Capital, said the final close of its fourth mezzanine fund had…
British International Investment Appoints Chijiutomi to Oversee Operations in…
Chris Chijiutomi was appointed as MD, Head of Africa, according to a statement from British International…
MNT-Halan now has Unicorn Status after the most Recent Funding Round.
MNT-Halan, an Egyptian fintech startup, has raised $400 million in a capital round, including $140 million in…
Adenia’s Fund Retains a Strong First Close of $300 million.
Adenia Partners, a private markets investment company dedicated to ethical investing and a sustainable Africa, has…
GHANA Cancels Its $672 Million Back-taxes Claim With MTN Group.
The Ghanaian government has been requesting millions of dollars in back taxes from some of the biggest businesses…
KENYA: A Mauritius Private Equity Group Is Negotiating To Buy Java.
Mauritius-based private equity firm Adenia Partners is in discussions to fully acquire restaurant chain Java House…
Stanlib’s Infrastructure Fund Purchased Upington Solar Farm For Over R1…
Asset management Stanlib's Infrastructure Fund II, which invests in infrastructure projects including renewable…
KENYA: In January, Investors’ Wealth At The Bourse Decreased By Sh24.4…
The Nairobi Securities Exchange (NSE) saw a loss of Sh24.45 billion in investor value in January, which is a…
KENYA: As Mortgage Rates Increase, Home Values Drop By The Most In Four Years.
Due to an excess of housing and expensive bank loans, house prices fell by the largest margin in the three months…
KENYA; Local Rice Millers Object About The Window For Duty-Free Imports Being…
The importation of the good during the duty-free window has been blocked, and local rice millers have criticized…
UGANDA: Due To Costly Imports, Egg Prices Will Increase.
Kenyan consumers are paying more for eggs as the price of the commodity shoots to a high of Sh450 a tray from…
First female CEO for UBA’s operations in Africa is appointed.
The board of Directors of the United Bank for Africa Plc, has appointed Mrs Abiola Bawuah, as chief executive…
AFDB is Planning a $1.5 billion Food Facility For Nigeria And Other Countries
The African Development Bank has said it has put in place a $1.5bn emergency food production facility to support…
Africa50 Completes Financing for the Senegalese Power Facility.
The co-developed 120 Megawatt power plant in Malicounda, Senegal, which cost €154 million to complete, was…
ECOWAS Adopts New Regulations for the Regional Electricity Market.
The Economic Community of West African States Regional Electricity Regulatory Authority has approved critical…
The Kenyan Central Bank Maintains its Benchmark Lending Rate at 8.75%.
The monetary policy committee of Kenya's central bank maintained the country's benchmark lending rate at 8.75%,…
Ghana Agrees to a Domestic Debt Swap in a Deal with Insurers.
Ghana has made progress toward finishing its initiative, a crucial component in reestablishing economic stability…
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…