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Africa
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…
Exxon Completes the $407 million Sale of its Operations in Chad and Cameroon.
Exxon Mobil Corp. (XOM. N) completed the sale of its operations in Central Africa's Chad and Cameroon to…
Net Worth of Abdul Samad Increases by $7.3 billion.
Due to the successful performance of his publicly traded assets on the Nigerian Exchange, Abdul Samad Rabiu,…
The World Bank Plans to Invest Sh306 billion in Kenyan Projects.
The World Bank will raise $2.5 billion (Sh306. 6 billion) for Kenya to finish a number of private-public…
Energy Crisis Worsens in South Africa as Nation Experiences more Severe Power…
Eskom has implemented higher stages of planned power cuts due to ongoing infrastructure failures at power…
South Africa: GDP Grows by 1.6%
According to statistics released by Statistics South Africa, the agriculture, forestry, and fishing industries…
Ghana: Germany Pledges an Economic Grant of €82 million.
The Federal Republic of Germany's government has pledged to give grants totaling about €82 million to important…
Ghana: Debt exchange: Financial stability fund confidence booster.
PricewaterhouseCooper's, an accounting and advisory firm, has applauded the government's proposal to create an…
The African Development Fund Raises $8.9 billion for Low-income Nations in Africa.
The African Development Fund's (ADF) development partners have agreed to contribute a total of $8.9 billion to the…
Tanzania Cancels Independence Day Celebration, To Use $445k Budget To Build School…
The president of Tanzania, has canceled the Independence Day festivities that were set to take place this Friday,…
Trade Between Ghana and Italy Totals €500 million.
Ghana and Italy's bilateral trade increased to a record high of €520 million in 2021. The Italian ambassador to…
Kenya: Tax Refund Claims Hit Sh109bn.
According to the Kenya Revenue Authority (KRA), unclaimed tax refunds total more than Sh109 billion, which is…
CBN’s Cash Withdrawal Policy is Part of a Broader Strategy to Manage Forex Demand.
Nigerians have reacted to the news as expected as to why the central bank decided to implement this revised cash…
Ghana: A Record-high Interest Rate of 31.4% was Reached.
At the end of October 2022, the average interest rate on loans provided by banks to individuals and businesses in…
Africa’s LNG Export to be Driven by Nigeria, Algeria, and Egypt.
NIGERIA, Algeria and Egypt, have been tipped to drive Africa's Liquefied Natural Gas, LNG, export in the short…
NNPCL Signs MoU with Companies in Ghana and Gambia.
The Nigerian National Petroleum Company Limited has signed five memorandums of understanding regarding the…
Bboxx-EDF Obtains €11 million to Speed Up Electrification of Togo with Solar Kits.
Bboxx, a manufacturer and distributor of plug-and-play solar systems with a focus on Africa, and its partner EDF,…
Oikocredit Invest Debt in Solarise Africa.
Oikocredit has teamed up with the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), two funds run by…
4Di Capital Holds Second Close for New Seed Fund.
South African early-stage venture capital firm 4Di Capital has announced the second closing of its new US$25…
Egypt Hopes to Issue its First Panda Bonds.
According to Deputy Finance Minister Ahmed Kouchock, Egypt plans to issue its first panda bonds by the end of this…
Ghana will Swap its Economic Debt to Regain its Stability.
Ghana will begin trading domestic debt, according to its finance minister Ken Ofori-Atta, who expressed optimism…
S’African President Faces Impeachment Threat Amid Probe Of ‘$580k Stolen From His…
The South African president, Cyril Ramaphosa, may be removed from office due to allegations of corruption.
The…
Kenya – Inflation Decreases for the First Time in Nine Months Despite CBK…
Due to a decline in food and fuel prices as well as rate increases to control the cost of living, inflation has…
Incorrect Import and Export Prices Cause Uganda to Lose Millions
Global Financial Integrity (GFI) found that $835 billion of the $1. 6 trillion in potential trade mis-invoicing…
Nigeria is a Significant Long-term Investment Market.
Dr. Naledi Pandor, minister of international relations and cooperation, has referred to Nigeria as a significant…
Ghana’s’ Transport Minister Advises Freight Forwarders to Standardize…
Ghana's transport minister, has urged the freight forwarding industry to work on harmonizing and standardizing…
As Climate Crisis Converge, Oil Companies look to the South African coasts as…
According to Liezl Human of GroundUp, the French energy company, TotalEnergies is getting ready to submit its…
As a Hydro Plant Shuts Down, the Electricity Situation in Zimbabwe will Get Worse.
After the organization in charge of managing southern Africa's largest dam ordered the halt of electricity…
Kenya’s Centum Investment H1 Pretax Loss Widens.
Kenya's Centum Investment (CTUM. NR), which reported a larger first-half loss, said it would buy back up to 10% of…