Ghana’s Parliament Faces Power Cut Over Unpaid Debt
Ghana’s state-run electricity provider, ECG, took the drastic step of briefly cutting off power to the parliament building, aiming to…
Tag: Africa
FG Targets N124 billion from New Import Tax.
A 0.5% import tax on commodities that was proposed in Finance Bill 2023 is expected to bring in around N124.26…
Adenia’s Fund Retains a Strong First Close of $300 million.
Adenia Partners, a private markets investment company dedicated to ethical investing and a sustainable Africa, has announced the first closing…
GHANA Cancels Its $672 Million Back-taxes Claim With MTN Group.
The Ghanaian government has been requesting millions of dollars in back taxes from some of the biggest businesses in the…
KENYA: As Mortgage Rates Increase, Home Values Drop By The Most In Four Years.
Due to an excess of housing and expensive bank loans, house prices fell by the largest margin in the three…
KENYA; Local Rice Millers Object About The Window For Duty-Free Imports Being Locked Out.
The importation of the good during the duty-free window has been blocked, and local rice millers have criticized the action,…
ECOWAS Adopts New Regulations for the Regional Electricity Market.
The Economic Community of West African States Regional Electricity Regulatory Authority has approved critical policies for the development of the…
Zimbabwe State Workers Plan Strike To Demand Pay In Dollars, Due to Fall In Local Currency
Government employees in Zimbabwe will strike for two days,next week to press for their salaries to be paid in dollars.…
USAID to provide Kenya with $255mln for drought
U.S. development agency USAID will provide Kenya with $255 million in emergency and development assistance to tackle drought, administrator Samantha…
Verve Welcomes First Francophone Merchant Aggregator, Targets 40 New Operators
Africa’s payment technology Verve International has welcomed its first francophone e-commerce and merchant aggregator, CinetPay into the Verve ecosystem. CinetPay,…
IMF Executive Board Approves a 40-month, US$1,046.4 million ECF Arrangement for Tanzania
The International Monetary Fund’s board approved a $1.05 billion extended credit facility for Tanzania and plans to disburse $151.7 million immediately.…
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 several cars…
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 previous ten-year…
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 April-to-September…