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 has launched…
Category: Africa
As the Ukraine Crisis Diverts Donor Money, the Gates Foundation Commits $7billion for Africa.
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 and Medium…
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 are the top…
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 Emirates…
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 Agriculture…
Kenyan Businessmen Pay Exorbitant Prices for Ethiopian Miraa for the Somalia Market.
As high prices in Kenya drive them to give up the local crop, Miraa dealers have moved to Ethiopia as…
Uganda Shilling Increases as Oil Prices Decline.
The rise in the import bill brought on by a significant increase in oil imports and the high cost of…
Tanzania and China Will Deepen their Partnership.
Chinese President Xi Jinping welcomed Tanzanian President Samia Suluhu Hassan to Beijing as part of his state visit to China.…
Central Bank of Kenya Requests Banks to take Additional Loan Pricing Criteria into Account.
In order to extend loans at an acceptable price, the Central Bank of Kenya (CBK) has urged lenders to take…
To Accelerate the Growth of SMEs, Bank of Ghana Collaborates with Two Parties.
The Bank of Ghana (BoG) has teamed up with two organizations to provide the nation’s micro, small, and medium-sized companies…
Cocoa Growers in Ivory Coast worry that an Unpredictable Environment may Reduce Crop Production.
The leading producer of cocoa in the world has been impact by the shift in rain patterns. Nearly half of…
Ghana’s Economy to Expand Below Average – Standard Bank
Ghana’s GDP growth prediction for the end of 2022 has been cut from an earlier 3.1% to 2. 6% by…
Kenyan Firms Among the COP27 Contest Winners.
Twenty African businesses, including three startups from Kenya, will split the $2 million (Sh244 million) grant that was revealed at…
Uganda Hopes to Enhance its Trading Relations with China.
In an effort to find further avenues for pursuing economic and commercial cooperation on a “win-win basis,” authorities from the…
In October, Inflation Reached 40.4% In Ghana.
Ghana’s year-over-year inflation increased to 40.4% in October from 37.2% in September, according to the Ghana Statistical Service (GSS). This…
Kenya and South Africa End their Trade Dispute
President William Ruto and his South African counterpart Cyril Ramaphosa announced that the two nations would deal with non-tariff obstacles…
Climate Change: UK Commits £200million to Nigeria and Others.
The African Development Bank’s Climate Action Window will get £200 million in support from the UK, according to James Cleverly,…
Ghanaian Demonstrators Call for the President to Resign Due to the Economic Crisis.
One of the worst-performing currencies in a region that is feeling the effects of a global economic downturn is Ghana;…
Kenya Airways will Pay the Outstanding Employee Salary of Sh6.5billion in June 2023.
In an effort to quell the growing employee dissatisfaction at the airline, national carrier Kenya Airways (KQ) aims to pay…
After Receiving a Loan for Cocoa, Cedi becomes more Stable.
In the week that concluded on October 28, the cedi returned to some degree of stability on the retail market.…
Ghana Guarantees that No Investment will Lose Money As A Result of Continuing Discussions with the IMF.
As it works to complete a $3 billion loan agreement with the International Monetary Fund, the Ghanaian government says it…
Sickness and Fatalities in the Monkeypox Epidemic Go Unreported.
Global health organizations have recorded significantly fewer cases in Africa during the current outbreak than in Europe and the US;…
Ghana’s Downstream Oil Sector Will Change Due to the Dangote Refinery.
According to Dr. Mustapha Abdul-Hamid, Chief Executive Officer of Ghana’s National Petroleum Authority (NPA), the start-up of the 650,000 bpd…
The United States Enables Non-emergency Personnel to Leave Nigeria.
Due to an increased risk of terrorist attacks in Nigeria, the U.S. State Department approved the departure of non-emergency U.S.…
US and UK Issue Warning About Potential Attack in Nigerian Capital.
The United States and Britain issued a warning over a potential terrorist assault in Abuja, the federal capital of Nigeria;…
Ghana’s Cedi Ranks Last in the World Against the Dollar.
As speculators continued to force foreign cash into the west African nation prior to an agreement with the International Monetary…
The Majority Labour Union and Transnet of South Africa Reach a Three-year Salary Agreement.
Transnet, a state-owned logistics company in South Africa, announced that it had reached a three-year salary agreement with the union…
The Mining Industry Contributes 7.3% of Tanzania’s GDP.
The mining sector’s contribution to the GDP climbed to 7.3% last year from 4. 8% in 2018, getting closer to…
Nigeria Is Among The African Nations With The Lowest Budgets Per Capita.
Nigeria now has the fourth lowest budget per capita among the 20 largest African economies; behind only the Democratic Republic…