Browsing Category
Africa
Nairobi Securities Exchange Sees Continued Wealth Erosion in Q4 Despite Select…
The Nairobi Securities Exchange (NSE) has experienced a prolonged wealth erosion trend in the fourth quarter of…
World Bank Approves $150 Million Project to Create 45,000 Jobs in Kenya
The World Bank has approved the Kenya Jobs and Economic Transformation Project (KJET), a $150 million initiative…
Kenya Witnesses Surge in Dollar Deposits as Shilling Weakens
The value of dollar deposits in Kenyan commercial banks has surged by Sh528.56 billion in the first 10 months of…
Niger, Mali, Burkina Faso Explore Political and Monetary Alliance, Signal Shift…
Niger, Mali, and Burkina Faso are considering a political and monetary alliance, as announced by Niger’s military…
Parliament to Conduct Headcount Vote on Approval of 2024 Budget
Parliament is scheduled to undertake a headcount vote on the approval of the 2024 budget on December 7, 2023. The…
Safaricom Introduces Christmas Campaign Allowing Fuliza Loan Repayment with Bonga…
Safaricom has launched a month-long Christmas campaign, "Sambaza Furaha," which includes unique offers for…
Kenyan Court Allows Official Receiver to Seize Cytonn Properties in Liquidation…
The High Court in Kenya has granted permission for the official receiver to take control of three properties in…
Bearish Market Conditions Deter Three Companies, Including Credit Bank, from NSE…
The persistent bear market on the Nairobi Securities Exchange (NSE) has led three companies, including Credit…
Kenyan Tier-1 Banks Increase Loan-Loss Provisions by 45.8% in Q3 2023 Amid…
Summary: Eight tier-1 banks in Kenya, including Equity, KCB, and Stanbic, have collectively increased their…
Court of Appeal Denies East Africa Portland Cement Relief, Upholds Attachment of…
East Africa Portland Cement Company (EAPCC) has faced a setback as the Court of Appeal declined to lift an order…
President Ruto’s Administration Proposes Sale of 11 Parastatals Worth Over…
President William Ruto's administration is taking a significant step towards economic reform by proposing the sale…
Treasury Introduces Regulatory Fee on Online Forex Brokers to Boost CMA Revenue
The Kenyan Treasury, led by Cabinet Secretary Njuguna Ndung’u, has implemented regulatory changes affecting online…
Bank of Ghana Maintains Monetary Policy Rate at 30% Amidst Inflation Deceleration
The Bank of Ghana (BoG) has announced the decision to maintain the monetary policy rate at 30%, marking the…
Ghana’s Public Debt Declines to GHS 567.3 Billion in September 2023
Ghana's public debt has decreased to GHS 567.3 billion as of September 2023, reflecting a GHS 14.2 billion…
Kenyan Parliament Sets Ultimatum for Treasury and Central Bank to Stabilize…
Kenya's Parliament has issued a directive to the Treasury and the Central Bank of Kenya (CBK) to stabilize the…
VC Firm Saviu Ventures Raises €12 Million for Second Fund Focused on Francophone…
Saviu Ventures, a venture capital firm targeting startups in Francophone Africa, has secured an initial close of…
Nigeria Sovereign Investment Authority Launches $500 Million Renewables Investment…
The Nigeria Sovereign Investment Authority (NSIA) has introduced a $500 million Renewables Investment Platform…
KCB Group Reports Growth in Nine-Month Profit Despite Challenging Environment
Kenya's KCB Group has announced positive financial results for the nine months ending September, with a notable…
Strategic Investment in Consumer Profile Bureau by 1K Africa and Ascension Capital
1K Africa and Ascension Capital have jointly announced a strategic investment in Consumer Profile Bureau (CPB), a…
CSquared Secures $25 Million Investment to Fuel Broadband Infrastructure Expansion…
Pan-African technology company CSquared Link Holdings (Mauritius) Limited has announced a new equity investment…
Blue Earth Capital Commits $20 Million to African Infrastructure Investment Fund 4…
Blue Earth Capital has committed $20 million to African Infrastructure Investment Fund 4 (AIIF4), managed by…
Dubai’s Foreign Direct Investments in Kenya Surge to $253 Million in Five…
Kenya has seen a substantial increase in foreign direct investments (FDIs) from Dubai, with the total reaching…
African Development Bank President Highlights Africa’s Pivotal Role in the…
Akinwumi Adesina, President of the African Development Bank (AfDB) Group, emphasized the critical role Africa…
Nigeria Faces Quality Seed Shortage, Hindering Agricultural Productivity
Despite having 314 registered seed companies, Nigeria, Africa's most populous country, is grappling with a…
Africa’s Role in the $57 Trillion Electric Vehicle Market: Opportunities and…
Akinwumi Adesina, President of the African Development Bank Group, emphasized Africa's pivotal position in the…
Emerging Africa Infrastructure Fund Commits $48 Million for West Africa’s First…
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has…
AFC Successfully Exits Investment in Ghana’s Takoradi Port Expansion Project
Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has successfully exited…
Norrsken22 Closes $205 Million Fund to Propel African Tech Startups
Norrsken22, a Pan-African venture capital firm, has successfully closed its debut fund at an impressive $205…
Sanlam Private Equity Sells Majority Stake in Absolute Pets to Woolworths
Sanlam Private Equity, the private equity division of Sanlam Investments, has announced the successful sale of its…
British International Investment Commits $26.5 Million to Enhance Food Security in…
British International Investment (BII), the UK’s development finance institution, has pledged a substantial…