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 officer…
Category: Africa
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 food…
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 co-developed by Africa50 and…
ECOWAS Adopts New Regulations for the Regional Electricity Market.
The Economic Community of West African States Regional Electricity Regulatory Authority has approved critical policies for the development of the…
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%, claiming that the economy…
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 and growth, by reaching an…
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 the Lake…
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 rate hike at…
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 Africa after the…
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 satisfied…
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 anticipated to be…
Kenya Aims to Cut its Borrowing Requirements Both Domestically and Internationally.
According to a draft budget policy statement from the ministry of finance, Kenya will set a net external financing goal…
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 demanded…
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 to 52.2% in December. According…
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 by the IMF…
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, according to…
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 transportation. Government…
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 on regional industrial policy.…
Kenya Diaspora Remittances Surpass Sh453 billion, Defying Inflation.
Kenyans who reside abroad defied global inflation and the knock-on effects of Russia’s invasion of Ukraine to send a record-breaking…
Tanzania: Businesses are Cautiously Optimistic About 2023.
The business community is cautiously optimistic about the economic environment in 2023. They think the future is promising, but only…
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 not pay…
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 fuel prices…
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. According…
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 matured…
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 for the pan-African…
Amethis Invests Growth Capital into Moroccan Globex Logistics.
The Moroccan company Globex, a specialist in fast messaging, freight, and transit solutions in Morocco and sub-Saharan Africa, has acquired…
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 over…
Uganda: Ggoobi Declares That No New Taxes will be Implemented In The Upcoming Fiscal Year.
The government has ruled out enacting new taxes or raising existing ones in the fiscal year 2023–2024. The action aims…
Kenya: How Sh15 billion That was Frozen In 2022 Vanished.
Prior to the August election, Kenya flagged more than Sh15 billion in just three years. The High Court later froze…