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Africa
Kenya Sees Increase in Foreign Direct Investment, but Lags Behind Regional Peers
Kenya experienced a turnaround in foreign direct investment (FDI) in 2022, with FDI inflows rising by 63.93% to…
Nigeria’s Dominance in Africa’s Gas Market: A Promising Future
Nigeria's gas reserves have positioned the country as a dominant player in Africa's gas market, accounting for 33…
New Sh70 billion syndicated loan eases Kenya’s currency problems.
Kenya has secured a syndicated loan of Sh70.4 billion ($500 million) from a consortium of international lenders,…
Naivas founders aim for Sh5.8 billion as foreigners take over
The family of Peter Mukuha Kago, the founder of Naivas, plans to sell an additional 11% stake in the company for…
Why DSE Trade Dropped Significantly in the First Half of 2023.
The first half of 2023 saw a decline in trading and liquidity at the Dar es Salaam Stock Exchange (DSE) in…
Despite the impact of DDEP, Société Générale Ghana reports GHS 109M in profit in…
Société Générale Ghana Plc has reported a profit after tax of GHS 109 million for the year 2022, representing a…
State Intends to Issue a Water Bond Following a Failed Initial Attempt.
Nearly half of the water supplied in Kenya is unmetered, resulting in a significant loss of revenue for water…
Safaricom Considers Venture Companies in its Acquisitions Push.
Safaricom, the leading telecommunications company in Kenya, plans to establish two venture capital firms in order…
Nestle increases its sourcing of Nigerian raw materials as the cash crunch hits
Nestle, a major food company, is increasing its sourcing of local raw materials such as starch and turmeric in…
BoG Anticipates that Inflation would Stay Over 10% Until 2025.
Barring any unexpected shocks, the Bank of Ghana (BoG) expects inflation to be on the decline through the end of…
PPI Falls to 30.3% in May 2023, According to GSS.
According to recent information from the Ghana Statistical Service (GSS), the Producer Price Inflation (PPI) for…
The Budget Controller Reports Sh5.7 billion in Salaries Paid Outside of Payroll.
In the first nine months up to March, the Controller of Budget (COB) reported Sh5.66 billion in salary payments…
TransCentury Shares Decline 10% Amid Conflict.
The Nairobi Securities Exchange (NSE) saw a 10% decline in TransCentury Plc's stock in its first transaction…
Trella’s Logistics Startup is Supported by Avanz Capital Egypt with $3.5…
To aid in the expansion of the Egyptian logistics sector, private equity firm Avanz Capital Egypt has invested…
PE Fund with a Focus on Zambia Closes its First Close at $40 million.
In a historic financing for a Zambian private equity firm, Monter Capital Partners in Port Louis successfully…
French Company Schneider Transfers Kenya Operations.
French energy company Schneider Electric Kenya will discontinue its manufacturing activities there, indicating…
Report: Upcoming Months are Projected to See an Increase in Ghana’s…
Over the following two months, it is expected that Ghana's inflation rate will increase. This is mostly caused by…
Ofori-Atta: The Government will get $6.2 billion from Multilateral Partners.
The government anticipates receiving around $6.2 billion from its multilateral partners between 2023 and 2026,…
Request for a Sh2.8 billion debt write-off led Equity to sue TransCentury.
TransCentury Plc was placed under administration after Equity Bank Kenya turned down a request to cancel more than…
Nigeria, Morocco, and others Agree on a $30 billion Pipeline.
Four Memorandums of Understanding for the $30 billion Nigeria-Morocco Gas Pipeline Project were signed on Friday…
MPs open the public hearing on the conflict and privatization measures
Two measures that are part of the terms of the Sh139 billion soft loan the National Assembly obtained from the…
Venture-backed Expensya purchased in a trade sale.
The Tunisian-born but Paris-based Expensya will be acquired by Medius, a Swedish business cost management company,…
Investors supporting Helium Health’s Series B include AXA IM Alts.
Helium Health, an African startup that offers healthcare providers and public health organizations…
Strategic Partnership between Bopa Moruo, RMB Ventures, and Aurex Constructors.
Aurex Constructors, RMB Ventures, and Bopa Moruo form a strategic alliance to build a stronger future.
June…
Nigeria and Other Countries Reportedly Hinder Africa’s GDP Growth by 65%.
According to McKinsey, Nigeria, Egypt, and South Africa were to blame for 65% of the decline in Africa's GDP.
…
With the acquisition of Africa Matters Limited, J.S. Held expands its strategic…
The international consulting firm J.S. Held announced the acquisition of Africa Matters Limited, a strategic…
Accra Medical Center and IFC collaborate to increase access to affordable…
IFC announced a partnership with Accra Medical Centre Ltd. (AMC) to assist the health service provider expand its…
New Integrated Payment Platform in Africa to Launch by Multichoice, Rapyd, AND…
An integrated payment platform for Africa is being developed through a joint venture announced by MultiChoice…
Restructuring of Ghanas’ Debt: Lowers Bank Earning Due to Increase in Loans.
Although Ghana may now breathe a sigh of relief after the IMF approved its $3 billion loan request, some Nigerian…
Kenya Reignites African Nations’ Push to Abandon the Dollar.
President William Ruto has challenged African leaders to take the first steps toward abandoning the…