Kenya – Inflation Decreases for the First Time in Nine Months Despite CBK Rate Increases.
Due to a decline in food and fuel prices as well as rate increases to control the cost of living,…
Category: Africa
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 among the 134…
Nigeria is a Significant Long-term Investment Market.
Dr. Naledi Pandor, minister of international relations and cooperation, has referred to Nigeria as a significant long-term market for South…
Ghana’s’ Transport Minister Advises Freight Forwarders to Standardize Transportation to Encourage Better Service.
Ghana’s transport minister, has urged the freight forwarding industry to work on harmonizing and standardizing shipping line fees, negotiating for…
As Climate Crisis Converge, Oil Companies look to the South African coasts as Fuel.
According to Liezl Human of GroundUp, the French energy company, TotalEnergies is getting ready to submit its final application for…
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 production at its major…
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…
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 to higher demand for…
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 Startup Forum (KSF)…
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 in…
Equity Recovers 90pc of Covid Restructured Loans.
In order to demonstrate the sustained recovery of the economy despite additional shocks from high inflation, Equity Bank’s debtors who…
AIIM Acquires Stake in Two Kenyan Road Network.
Through its pan-African AIIF4 Fund, African Infrastructure Investment Managers, AIIM, the continent’s largest specialized infrastructure private equity fund, has pledged…
Goodwell’s Second uMunthu Fund Launches with €50mln.
Goodwell Investments, a social impact investment company, has established its EUR150 million (US$154 million) uMunthu II fund with the goal…
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 specialist…
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 using gold rather than…
FG Calls for Closer Ties with Canada to Advance both Countries’ Trade Objectives.
According to the Federal Government, Nigeria and Canada must collaborate closely to accomplish a number of shared objectives, including enhancing…
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 place it…
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, the Central Bank…
Malawi Receives $88.3 million from the IMF Under the “Food Shock” Loan Program.
The food shock loan, which is a component of the IMF’s Rapid Credit Facility, would aid the east African nation…
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 Infrastructure Development Programme…
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 headquarters by Sh837 million.…
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 fossil fuel…
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 of defaulted loans…
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 dispute with its…
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 smallholder farmers now provide…
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 Ghana and…
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 rates, the value…
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 government, according to…
COP27: African Nations must Assist Small Businesses in Adapting to the Climate Crisis.
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 types of building materials,…