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Africa
Forex Reserves Fall Amid Debt Repayment Pressure
Kenya’s official foreign reserves have fallen to Sh941.5 billion ($7.953 billion) in the week ended July 14; with…
IFC Bets Big On Kenyan Banks.
The International Finance Corporation (IFC) is channelling billions of shillings into Kenyan small businesses and…
IMF Executive Board Approves a 40-month, US$1,046.4 million ECF Arrangement for…
The International Monetary Fund’s board approved a $1.05 billion extended credit facility for Tanzania and plans…
Power Supply To Drop Again, TCN Alerts Nigerians
Power supply will drop by 50 megawatts, the Transmission Company of Nigeria; said the drop would be because of…
Stakeholders Express Cautious Optimism As NNPC Transits
Stakeholders have expressed cautious optimism as the Nigerian National Petroleum Company Limited (NNPC) transits…
African countries and their inflation rates in 2022.
The world is currently battling with high inflation rate and Africa is not exempted from this experience; with…
Implementation Of The National Development Plan Will Drive Economic Growth – Dayo…
Focusing on the step-by-step implementation of Nigeria’s national development is one of the keys to achieving…
Nigeria Is Taxing Poverty – Taiwo Oyedele
Taiwo Oyedele, a Fiscal Policy Partner and Africa Tax Leader at PwC, chided the government for taxing poverty in…
Oil Prices Jump As Soft Dollar, Tight Supplies Support
Oil prices extended gains, propped up by a weaker dollar and tight supplies that offset concerns about recession;…
Binance CEO: Africa Ready For Crypto Adoption
Binance CEO Changpeng Zhao has said Africa is ready for crypto adoption.
According to Zhao, blockchain provides…
Algeria-Tunisia Border Crossings Reopens After Two Years. 
More than two years after the closure of the Tunisian-Algerian border due to the coronavirus pandemic, on Friday…
Animal-to-Human Diseases On The Rise In Africa, UN Health Agency
Diseases transmitted from animals to people in Africa have jumped 63% in the last decade, compared with the…
African Airlines’ Cargo Volumes Drop By 1.5% In One Year.
African airlines saw cargo volumes decrease by 1.5% in May 2022 compared to May 2021.This was disclose by the…
Zambia Plans To Cancel Over $2 Billion Projects To Rein In Debt.
Zambia is cancelling more than $2 billion worth of projects financed by commercial loans. To reduce the risk of…
Ghanaian Cedi Drops By A Whopping 30% Against The US Dollar In 6 Months
The Ghanaian cedi has lost 30.56% against the US dollar in 6months. The drop in the Cedi comes despite Ghana’s…
Kenyan Court Freezes Accounts Belonging To Flutterwave, Others Over Alleged Money…
A Kenyan High Court has seized Sh7 Billion ($59 million), from 56 accounts belonging to fintechs including…
Central African Republic Starts Crypto Hub To Boost Financial Inclusion
To encourage the growth of the regional crypto ecosystem, the Central African Republic (CAR); developing the Sango…
CAF To Launch $200 Million African Super League In August 2023.
The Confederation of African Football (CAF) has divulge that the long-promise African Super League which FIFA.…
Heirs Underwriters Backs Africans With $30,000 Grant
Heirs Insurance and Heirs Life Assurance, the insurance subsidiaries of the pan-African investment group. Heirs…
NSE Firms Face Costly Dollar Loans As Shilling Weakens- Kenya.
Listed firms are facing higher finance costs as a result of the weakening of the shilling against the dollar.…
Ghanaian cedi has lost 22% against the US dollar since the start of 2022
The Ghanaian cedi came under pressure after racking up a whopping loss of 22.44% against the US dollar. This comes…
South Africa Extends Fuel Subsidies To August 2022.
To ease the increased oil costs as a result of Russia’s conflict with Ukraine, South Africa wants to extend its…
Optimism rises for increased cocoa yield in Ivory Coast
After a prolonged dry season almost cast doubt over Ivory Coast's ability to record good cocoa yields during the…
Tennessee State expanding technology program in Africa
Tennessee State University is expanding a technology program for underserved students in Africa to four additional…
UGANDA- Bank interest rates may have to raise to fight inflation, says experts
The bank of Uganda may gradually embark on monetary policy tightening to tame swelling inflation pressures in the…
The Foschini Group acquires Tapestry Home Brands from Actis and Westbrook…
Actis, Westbrook Investments and other shareholders agreed to sell their entire interest in Tapestry Home Brands,…
Govt Mulls Reinstating Fertilizer Indicative Price
TANZANIA Fertilizer Regulatory Authority (TFRA), has warned traders against hiking fertilizer prices for more than…
Uganda Revenue Authority Recored sh1.8 Trillion Tax
Uganda Revenue Authority (URA) collected sh1.8 trillion in tax in January, according to the Ministry of Finance.…
Amana Capital To Raise $2 Million Funding
Fund manager Amana capital is seeking to raise $2 million (Sh227.8 million) in the form of debt and/or equity. The…
Treasury Fights Billionaire Rai On Leasing Mumias
The Treasury has opposed West Kenya’s bid for lease of Mumias Sugar Company on concerns that its billionaire owner…