SeamlessHR to Help Businesses Curb Losses with New Time and Attendance Management Product
SeamlessHR, Africa's leading HR and Payroll tech organisation, has launched a time and attendance management product to help businesses curb losses resulting from inefficient time tracking methods. The product helps [...]
Ghana Interest Rate Remains Unchanged at 19% on Growth concerns
Ghana’s central bank unexpectedly left its benchmark interest rate unchanged on signs that rampant inflation may be levelling off and concern the outlook for economic growth is deteriorating. The monetary [...]
ADF Approves $5.4 Million Grant for Somalia
The African Development Fund (ADF), a subsidiary of the African Development Bank (AfDB), has approved a $5.4 million grant to support Somalia's food security programmes. AfDB’s East Africa Regional Director [...]Zimbabwe to Introduce New Gold Coin as Hedge Against Inflation
Zimbabwe will this week introduce a gold coin aimed at battling a resurgence in inflation and easing the public’s thirst for US dollars. The 22-carat coins, each weighing one Troy [...]South Africa Announces Biggest Interest Hike in nearly 20 years
South Africa’s central bank has unveiled the biggest increase in interest rates for nearly 20 years in the continent’s most industrial economy, joining the wave of policymakers trying to tackle [...]Equity Bank Signs MoU with EAC for SME Financing
Equity Bank has signed a Memorandum of Understanding (MoU) with the East African Community (EAC) to help fast-track its Africa resilience and recovery plan that largely targets small and medium [...]Somalia Renews Bid to Join the EAC Trade Bloc
Somalia has renewed its bid to join the East African Community (EAC) trade bloc, after the country's newly elected PresidentHassan Sheikh Mohamud arrived in Arusha to attend the ongoing 22nd [...]Ghana's Producer Inflation Hits 38% in June
Ghana’s producer inflation quickened to a near-eight-year high to 38% in June, from 33.3% the previous month. This is the highest rate of change since March. According to data from [...]Ghana Lawmakers Approves Plan to Borrow $750 Million Loan From Afreximbank
Ghana lawmakers approved a plan by the government to borrow up to $750 million from the African Export-Import Bank for the 2022 budget. The vote by the nation’s hung parliament [...]Zambia Creditors Set to Commit to Debt Relief Needed for IMF Funding
Zambia's creditors are expected to commit to debt relief needed to unlock $1.4 billion from the IMF on Wednesday or Thursday as the country and its lenders seek to end [...]Catalyst Fund Raises $3.5 Million from FSD Africa
Catalyst Fund has raised $3.5 million from FSD Africa, seeking to accelerate and scale Pre-Seed Impact Ventures in Africa. With FSD Africa’s backing, Catalyst Fund will invest and offer hands-on [...]AfDB Approves $134 Million Loan for Nigeria
The African Development Bank (AfDB) Group has approved a $134 million loan for the National Agriculture Growth Scheme – Agro Pocket program in Nigeria to scale up food production and [...]
