- Tanzania’s national debt has reached TSh69.44 trillion from TSh60.72 trillion in 2021, after the country borrowed TSh8.7 trillion in past year which is
- Namibia’s central bank increased its key interest rate by the biggest margin since 2007 to safeguard its currency peg with South Africa’s rand and stymie
- Kenya and the United States have agreed to restart trade talks as ministers meet at the World Trade Organization’s 12th Ministerial Conference in Geneva.
- Coca-Cola Co. delayed the planned initial public offering of part of its stake in an African bottler of its products, saying a rescheduled listing would
- Jumba, a b2b construction technology platform has secured $1 million in pre-seed funding to fine-tune its technology and expand its reach to capture markets
- The Kenya Revenue Authority (KRA) has shut down Keroche Breweries again, on claims that the latter had defaulted in their earlier agreement on the settlement
- Six countries drawn from three regional economic blocs are yet to ratify the African Continental Free Trade Area (AfCFTA), delaying its implementation more
- Early-stage VC firm Launch Africa Ventures has made its 100th investment, with $24 million so far invested in 108 early-stage tech and tech-enabled companies
- MFS Africa, Africa’s largest digital payments network, has secured an additional $100 million in equity and debt funding, taking the total amount raised in
- The International Monetary Fund (IMF) has approved an Extended Credit Facility amounting to $1.071 billion to help Tanzania's post-COVID-19 recovery efforts.
- Cash-strapped French-Dutch airline, Air France KLM, has raised $2.4 billion from a new capital increase announced last month, which will mostly be used to pay
- Nigeria has announced plans to regulate internet companies like Facebook, WhatsApp, Instagram (all owned by Meta), Twitter, Google and TikTok in a draft
- The Nairobi Securities Exchange (NSE) Board has appointed Mr. John Niepold and Ms Carole Kariuki as Independent Non-Executive Directors with effect from 3rd
- Ride-hailing startup, Gozem, has signed a $10-million partnership deal with the International Finance Corporation (IFC), seeking to enable moto-taxi drivers
- Dr. Michael Lusiola has been appointed as the Chief Executive Officer (CEO)/Director-General of Kenya BioVax Institute (KBI) with effect from June 2022.
- Zambia’s official creditors will meet for the first time on June 16 to discuss restructuring the debt of what in 2020 became Africa’s first pandemic-era
- Cooking oil prices could rise further in the coming days amidst the biting dollar shortage which coupled with limited exports of palm oil from Indonesia, the
- The National Bank of Kenya (NBK) has appointed Peter Kioko as acting Managing Director effective June 10, 2022. Peter Kioko will take over from Paul Russo who
- The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and U.S. benchmark yields widened after red hot U.S.
- Oil prices dropped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing dashed hopes for a rapid pick-up in China's fuel demand, while worries
- The International Monetary Fund (IMF) says a flexible exchange rate will help Kenya insulate its economy from the external shocks facing its local currency,
- Tanzania is edging closer to its dream of developing a $40 billion liquefied natural gas project after the government and companies, including Equinor
- The World Bank has sharply slashed its annual growth forecast for China, warning in a report that Covid disruptions could further slow recovery in the world’s
- International banks have pledged to lend Ghana $1 billion for budget purposes and to boost central bank reserves as the country seeks to cut its fiscal
- The Board of Directors of the African Development Bank (AfDB) has approved two grants of $9.25 million to implement the Africa Disaster Risk Financing
- The governor of the Central Bank of Kenya Dr Patrick Njoroge said on Friday that the introduction of Central Bank Digital Currencies (CBDCs) could promote
- Central Bank of Kenya(CBK) collected KSh 14billion at this week's treasury bills auction and received bids worth KSh 14.7billion out of the KSh 24billion on
- Somalia has reached a deal to resume importing miraa(khat) from Kenya, with Kenya’s Agriculture Peter Munya stating that it will take the next two weeks
- Airtel Africa Plc, a London-listed company, has given up a 25.77 per cent share in its local mobile money business as part of a continent-wide plan to raise
- TotalEnergies Marketing Kenya Plc has notified its shareholders that the listed oil marketer’s Annual General Meeting(AGM) will take place via electronic
- Kenya has beaten a hasty retreat from its early plans to float a KSh115 Billion ($1 billion) Eurobond and has instead shifted its attention to borrowing from
- Central Bank of Kenya(CBK) received bids amounting to KSh 76.4Billion from the 18-year Infrastructure Bond issued in May 2022, a performance rate of 101.83%,
- The World Bank has provided 385 million U.S. dollars in International Development Association (IDA) financing to Horn of Africa countries to tap groundwater
- Tanzania will for the first time allow residents of East African and Southern African trade blocs to invest in its Treasury bonds and bills, the central bank
- The Consumers Federation of Kenya (COFEK) has raised concerns that a section of retail chains are exaggerating the prices of goods and taking advantage of
- You have probably heard people talk about how investing is very important and a very wise person should put their money down to one or more investments for
- Africa is plagued by many epidemics — from tuberculosis and HIV/AIDS to malaria and wild polio — but the continent has also worked for decades to fight these
- Kenya Power has launched a Sh340 million live line laboratory where it will test equipment including trucks, insulating blankets, link sticks and a line hose
