Tennessee State expanding technology program in Africa
Tennessee State University is expanding a technology program for underserved students in Africa to four additional countries. Ghana, Malawi, Nigeria…
Category: Africa
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 economy. Monetary…
The Foschini Group acquires Tapestry Home Brands from Actis and Westbrook Investments
Actis, Westbrook Investments and other shareholders agreed to sell their entire interest in Tapestry Home Brands, a South Africa-based home…
Govt Mulls Reinstating Fertilizer Indicative Price
TANZANIA Fertilizer Regulatory Authority (TFRA), has warned traders against hiking fertilizer prices for more than 50 per cent, noting that…
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. The latest performance…
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 Jaswant…
Uganda Government to support domestic investors in oil and gas sector
The Uganda Investment Authority, the investment arm of the country, has embarked on building the capacity of domestic investors to…
Higher Education Loans Repayment Default Increases With Job Cut
About 109,661 former university students have defaulted on payments to the Higher Education Loans Board (Helb) in the wake of…
Areas Indian Investors Now Troop Into Tanzania
Indian investors are increasingly seeking investment opportunities in Tanzania in their quest to grab the opportunities that come with President…
Tanzania Fuel Price Rise Despite Government Intervenion
Retail prices of fuel in Tanzania have risen despite the government intervention by scrapping off Sh100 of levies. Motorists in…
Micro Finance Institution Advised To Renew License For Smooth Business
Micro Finance institutions have been asked to acquire the 2022 operational licenses to enable them to work effectively and be…
Uganda Government To Provide Support In Oil And Gas Sector
The Uganda Investment Authority (UIA), the investment arm of the country, has embarked on building the capacity of domestic investors…
Profitability Recovering, Vision Group Assures Investors
Vision Group has said the profitability of the company is gradually recovering from the impacts of the pandemic as the…
Africa Oil Corp Runs Out Of Production Cash
Canadian oil explorer Africa Oil, which holds a 25 percent stake in Turkana exploration venture, has run out of cash…
Digital Payment Has Overtaken Use Of Cheques – CBK
Growth in usage of cheques has slowed down in the last decade, losing out to digital payments channels which are…
Bank of America invests in Bamboo’s ABC Fund
The Agri-Business Capital Fund today announces that it has received its first investment from a corporate global financial institution, as…
How Tanzania Government Is Helping It’s Citizen To Mitigate Impact Of Russia-Ukraine War
While the war between Russia and Ukraine is projected to raise fuel prices, the government of Tanzania has scrapped Sh100…
AgDevCo lands equity and debt funding package from DFIs
AgDevCo the specialist investor in early-stage African agribusinesses, today announced a $90m package of new funding Fundings were from the…
Uganda Is Enjoying Monthly Trade Surplus
The latest performance of the economy report released on Monday by the finance ministry indicates that Uganda has continued to…
Kenya’s Eurobond Rose By 0.86 Per Cent
Yields on Kenya’s Eurobonds rose sharply last week as Russia’s invasion of Ukraine caused investors to flee to safe-haven western…
Kenya Treasury Spent More Billion On Domestic Interest Repayment
The National Treasury spent an additional Sh13.42 billion or 6.58 percent more on domestic interest repayments than it had budgeted…
Kenyan Shilling Hit New Record Low
The Kenyan shilling is under fresh pressure against the dollar after it hit a new record low on Monday, setting…
GNBC Partnership Will Strengthen Ghana-Nigeria Business Relations
The Consul General of the Ghana High Commission, Samata Bukari, has said the increased synergy fostered by the activities of…
Dollar Strengthens Further Against Uganda Shilling
Continued demand during Friday’s trading session led to further weakening of the Uganda shilling, with the unit closing the day…
New Name And New Owners For Kagiso Asset Management
Twenty-year-old Kagiso Asset Management is now Camissa Asset Management. The company changed its name following corporate restructuring, which saw staff…
Expansion into East Africa, a boon for banks, stakeholders and the region’s economy
Over the past two years, the financial services sector has weathered a variety of changes directly stemming from the impact…
Komenda Sugar Factory acquires 20,000 acres for plantation
Negotiations are almost complete to enable the Board of Directors of the Komenda Sugar Factory to acquire 20,000 acres of…
Nigeria exports software to other African countries, says NOTAP
The Director-General of the National Office for Technology Acquisition and Promotion, DanAzumi Ibrahim, has said Nigeria is now exporting software…
Ghana Regains Exemplary Status In Money Laundering Fight
Ghana has restored its image as an example to West African peers in the fight against the illicit flow of…