Kenya among 6 Member States to Pilot the AfCFTA
Kenya has listed 14 merchandise and service sectors for trade under the African Continental Free Trade (AfCFTA), as it becomes among the first six to pilot the continental pact. This [...]
Nigeria Secures $1.5 Billion Loan from EXIM US for Solar Power
Nigeria has secured a $1.5 billion loan from the Export-Import Bank of the US for the development of solar power infrastructure in the country. The 20-year facility will be at [...]Little Announces Plans to Sell 25% of its Stake to Investors
Technology firm, Little has announced plans to sell up to 25% of its stake in three years, seeking to raise capital and scale up expansion. The sale is likely to [...]AfCFTA Secures $11.24 Million Grant from AfDB for African Intra-Trade
The African Continental Free Trade Area (AfCFTA) Secretariat has secured $11.24 million grant from the African Development Bank to accelerate African intra-trade. AfDB says the Secretariat, currently in phase II [...]Zambian Kwacha Strengthens ahead of $1.3 Billion IMF Bailout
Zambia’s currency, Kwacha advanced to its strongest level since September after the country's official creditors agreed to provide financing assurances the nation needs to secure final approval from the International [...]VC Firm Oui Capital Hits 1st Close of its $30 Million 2nd Fund
Africa-focused venture capital firm, Oui Capital has announced the launch of its second fund, Oui Capital Mentors Fund II, looking to build on the success of its debut investment vehicle [...]Tanzania Zambia Set to Upgrade TAZARA to an SGR
Tanzania and Zambia have announced plans to revamp the railway line that connects the two countries (TAZARA) as part of their measures to open up new business opportunities along the [...]Tanzania Increases Fuel Prices Despite TSh100 Billion Subsidy
Tanzania's Energy and Water Utilities Regulatory Authority (EWURA) has inceased fuel prices with effect from 3rd August 2022. The increase in prices means a litre of petrol in will cost [...]Ghana Looks to IMF for Possible 3-Year Financing Package
Ghana is looking to the International Monetary Fund (IMF) for a possible three-year financing programme worth about $2 billion to $3 billion. The country is facing a nearly $1 billion [...]IFC Partners with LMI to Provide Infrastructure Services to Manufacturers in Ghana
The IFC (International Finance Corporation) has partnered with Ghana's LMI Holdings, seeking to provide infrastructure services to manufacturing companies located in LMI-operated special economic zones (SEZs) in Ghana. The partnership [...]South Sudan Suspends Transportation Deal with Nairobi Freight Terminal over Rising Costs
South Sudan has halted a transportation deal with the Nairobi Freight Terminal, which had been given exclusive rights to handle all its cargo passing through the MombasaPort. In a letter [...]Kacha Digital Granted Mobile Money Licence to Operate in Ethiopia
Kacha Digital Financial Services has formally been granted a mobile money licence by the National Bank of Ethiopia, making it the first private company to hold such a license. The [...]
