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Africa
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…
Due to Halted Debt Payments, S&P Downgrades Ghana’s Sovereign Rating to…
A day after Ghana announced it would stop making debt payments, the global rating agency S&P cut the country's…
Kenya: Consumers Suffer as Shilling Hits a New historic Low.
Following the shilling's historic low against the dollar, which created the conditions for higher import costs and…
Kenya: The CMA Grants Financial Intermediaries Four Licenses.
The Capital Markets Authority (CMA) has issued four licenses to banks and financial intermediaries as investment…
Government Defers Debt Payments while Conducting Consultations.
The government has temporarily stopped paying a number of foreign debts to organizations that have extended loans…
African Opposition Prevent the U.N. Global Nature Deal from Passing.
A historic worldwide agreement to safeguard the environment and channel billions of dollars toward conservation…
Ghana Dollar Bonds Fell Following the Government’s Announcement to Halt Debt…
After the government declared, it will stop making payments on Eurobonds, foreign commercial loans, and some…
Ghana Declares a Suspension of its Repayment of its External Debt.
In light of the greatest economic crisis in a century, Ghana's finance ministry announced that it was halting debt…
Rwanda and Nigeria are the First African Countries to Sign the “Artemis…
The National Aeronautics and Space Administration (NASA) Artemis Accords have been signed by Nigeria and Rwanda.…
IMF to Inject $3bn into Ghana’s Economy.
Ghana has reached an agreement with the International Monetary Fund (IMF) for a $3 billion injection into the…
AWHF Urges Tanzania to Use its Heritage Resources.
Tanzania has been challenged to maximize the value of its spectacular heritage resources. The country's numerous…
Microsoft Targets Internet Expansion in Africa.
According to Microsoft Corp. (MSFT.O) President Brad Smith, the company plans to ensure internet access for 100…
Africa’s Food Crisis is the Worst Yet.
African governments haven't done much to stop periodic food crises. Leaders vowed in 2003 to devote at least 10%…
Ghana Secures Conditional Approval for $3bn IMF Support.
Ghana and the International Monetary Fund (IMF) have reached a preliminary agreement for the fund to support the…
World Bank Approves $18 Million for Nigeria and Others to Support Effective…
In order to enhance efficient disease surveillance in West Africa, the World Bank Group has granted a total of $18…
There are Currently no Takers for the Debt Exchange Program.
The Central Securities Depository Limited (CSD) is still waiting for the consent of institutional bondholders…
Kenya’s Highest and Lowest Paying Industries are Revealed.
The financial and insurance sectors employ the greatest proportion of Kenyans earning more than Sh100,000,…
Growth Expectations, Monetary, and Fiscal Policies.
Fiscal and monetary policy are essentially macroeconomic instruments used to control or stimulate the economy.…
US Pledges to Invest $55 billion in Africa before the Summit.
As President Joe Biden gears up to host the U.S.-Africa summit this week and speak with a select group of leaders…
Nigeria Rescinds the COVID-19 Examinations for International Travellers.
The COVID-19 testing requirement for international travellers was lifted by Nigeria on Monday, 12th December 2022…
Kenya’s Centum Pays Dollar Loans to Cut Costs Over a Weak Shilling.
Investment company Centum intends to pay off its dollar-denominated debt soon in order to avoid increasing finance…
Absa Says Africa’s Top Investment Destinations Includes Tanzania.
Tanzania has been rated as one of the best investment locations in Africa due to its robust regulatory…
Equity, NCBA fight over Sh160 million Nairobi Property.
In a legal dispute over a building in Nairobi that the two lenders claimed to have financed at a cost of Sh160…
South Africa’s Aspen gets $30 mln Grant from Bill Gates Foundation to make…
Aspen Pharmacare (APNJ.J) has wrapped up pacts to secure funding of $30 million from the Gates Foundation and the…
Kenya Incurs Additional Foreign Debt of Sh5.4 billion.
In the fiscal year that ended in June, Kenya's external debt servicing costs increased by Sh5. 4 billion,…
TLG Plans Venture Debt Deals in Future Africa’s Portfolio.
A $25 million venture debt fund designated for portfolio companies is being launched by Future Africa, a venture…
Mobility Fintech, Moove, Raises $30mln from Debut Sukuk for UAE Expansion.
In order to fund the construction of the largest EV ride-hailing fleet in the MENA region, Moove, the first…
DPI and Fireball Back Ukheshe’s African expansion Plans.
In order to close the financial inclusion gap, Ukheshe International provides embedded finance to businesses in…