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Africa
Dollar Crisis Earns Kenya Banks Sh52bn Amid Consumer Woes.
For the nine months ending September, commercial banks' earnings from foreign exchange trading nearly doubled due…
Tanzanian and South Korean Companies agree to a Collaboration.
In order to promote partnerships between the two parties, the Tanzania Startup Association (TSA) and the Korean…
Only 9% of Kenyans work Full-time, Permanently.
Less than 10% of Kenyan people hold steady full-time work, this highlights the high rates of reliance and poverty…
Equity Recovers 90pc of Covid Restructured Loans.
In order to demonstrate the sustained recovery of the economy despite additional shocks from high inflation,…
AIIM Acquires Stake in Two Kenyan Road Network.
Through its pan-African AIIF4 Fund, African Infrastructure Investment Managers, AIIM, the continent's largest…
Goodwell’s Second uMunthu Fund Launches with €50mln.
Goodwell Investments, a social impact investment company, has established its EUR150 million (US$154 million)…
Ethos Private Equity acquired by New York-based Asset Manager.
A formal agreement has been reached for Ethos Private Equity to be acquired by The Rohatyn Group "TRG". A…
FX Crisis: Ghana to use Gold instead of US Dollars to Buy Oil.
Vice-President Mahamudu Bawumia said that Ghana's government is developing a new strategy to purchase oil goods…
FG Calls for Closer Ties with Canada to Advance both Countries’ Trade…
According to the Federal Government, Nigeria and Canada must collaborate closely to accomplish a number of shared…
At Shs80 trillion in Debt, a Crisis is Imminent in Uganda.
Increases in the budget deficit and public debt are likely to hinder Uganda's capacity to grow economically and…
CBK Increases Lending Fees to Control Inflation.
In an effort to control predictions of out-of-control inflation amid weakening shilling in a net import economy,…
Malawi Receives $88.3 million from the IMF Under the “Food Shock” Loan…
The food shock loan, which is a component of the IMF's Rapid Credit Facility, would aid the east African nation in…
Due to Delays in World Bank-funded Projects, Sh300b Sits Unused in Uganda.
Due to delays in project execution, around Sh300 billion of the World Bank-funded Uganda Support to Municipal…
National Library Under Fire for Additional Sh837 million in Construction Costs.
Kenya National Library Services (KNLS) is under fire for increasing the price of constructing its Nairobi…
Leading African Nations Start on Growth Routes for Energy and Emissions.
At this week's United Nations climate meeting, African countries made it plain that the continent will utilize its…
On Account of Asset Auctions, Bad Loans have their Largest Decline in 15 years.
On account of more property auctions, the repayment of non-performing debt, and poor credit write-offs, the size…
South Africa’s Game Stores Face Court Threat over Kenya Exit.
Before leaving the Kenyan market, South African retail behemoth Massmart, which runs the Game Stores, had a…
Williamson Purchases 60% of its Tea from Smallholder Farmers.
According to Williamson Tea Kenya, the outsourcing approach it began years ago has been strengthened as…
Puma Energy Offers Solar Installation to Business and Industrial Clients.
Puma Energy will invest USD 33 million to provide solar solutions to its commercial and industrial customers in…
According to the Uganda Finance Ministry, Loan Demand is Still Steady.
The Ministry of Finance's October Performance of the Economy report shows that despite an increase in interest…
Tanzanian Government Plans to Transform the Namanve Power Plant to A Gas Facility.
In order to transform the Namanve Thermal Power Plant into a Liquefied Petroleum Gas production unit, the…
COP27: African Nations must Assist Small Businesses in Adapting to the Climate…
ESG must be viewed by African firms as a tool for achieving climate-friendly corporate goals as well as a chance…
Industrialists Claim Progress as Rwanda Looks to Expand its Manufacturing Base.
According to the company's sales and marketing manager, Master Steel presently manufactures more than 10 different…
IFC Announces a $225 million Platform to Improve the VC Environment in Africa.
In order to strengthen the venture capital ecosystems in Africa, the Middle East, Central Asia, and Pakistan, IFC…
As the Ukraine Crisis Diverts Donor Money, the Gates Foundation Commits $7billion…
As Bill Gates cautioned that the Ukraine crisis was lowering the amount of aid moving to the region. The Bill…
UBA Restates Commitment To SMEs Development Across Africa.
United Bank for Africa (UBA) Plc. Africa's Global Bank, has reaffirmed its commitment to the expansion of Small…
Nigeria is The Third-largest Crude Oil Output in Africa.
For October 2022, Nigeria has remained the third-largest crude oil output in Africa. Algeria, Angola, and Nigeria…
Ugandans Are Denied Visas By The UAE
A visa restriction has been imposed on Ugandans and 20 other nations with immediate effect by the United Arab…
Four African Countries back Agreement Against Illegal, Unregulated Fishing.
Nigeria, Angola, Eritrea, and Morocco are the four African nations who have vowed to work with the Food and…
Kenyan Businessmen Pay Exorbitant Prices for Ethiopian Miraa for the Somalia…
As high prices in Kenya drive them to give up the local crop, Miraa dealers have moved to Ethiopia as a source…