Dollar Shortage puts Nigeria's Frontier's Market at Risk
Nigeria is poised to lose its frontier market status because of persistent foreign-exchange shortages in Africa’s largest economy. MSCI Inc. is considering downgrading the MSCI Nigeria indexes to standalone markets status [...]
European Union Seeks New Trade Agreements with Africa
The European Union held a vote on Thursday consideringa new reportthat would revive EU Africa trade agreements. In this paper, more equitable treatment of African nations within the context of [...]Air Tanzania to Resume Flights to China after Easing COVID-19 Restrictions
Air Tanzania Company Limited (ATCL) yesterday announced its plan to resume China flights following easing of Covid-19 restrictions. The China flights were launched in 2021. ATCL acting managing director Albinus [...]
Kenya Airways Starts Ferrying Cargo on Behalf of South African Airways
Kenya Airways has started ferrying cargo on behalf of South African Airways with which it signed a pact last year to establish an Pan African airline by 2023. The pact, [...]Moringa School Closes Pre-Series A with an Undisclosed Amount from Proparco
Moringa School, a Kenyan EdTech startup focused on developing and nurturing high potential individuals in software engineering and other tech-based skills, has raised an undisclosed amount in its pre-series A [...]Relief as South Africa Drops All COVID-19 Restrictions
South Africa’s Health Minister Joe Phaahla has repealed the country’s remaining coronavirus-related restrictions, including the wearing of masks, curbs on gathering sizes and border checks for COVID-19. Phaahla earlier this [...]Paul Kagame presides over the launch of Equity's Africa Recovery and Resilience Plan
Rwanda's President Paul Kagame on Wednesday presided over the launch of Equity Bank's Africa Recovery and Resilience plan and ground-breaking of one of the key transformational projects of the Plan. [...]Equity Group CEO Urges for New World Order
Equity Group CEO Dr James Mwangi has said the current world economic and social order is unsustainable and does not inspire trust between businesses and their host communities. Dr Mwangi [...]
IATA Picks Yvonne Makolo As Next BOG Chair
The International Air Transport Association (IATA announced that RwandAir CEO Yvonne Manzi Makolo will serve as Chair of the Board of Governors from June 2023, when the term of current [...]World Bank Approves $143 Million Funding for Somalia's Drought Response
The World Bank approved $143 million in International Development Assistance (IDA)* financing to help the vulnerable citizens of Somalia overcome the escalating drought and food insecurity conditions across the country. [...]South Africa's Inflation Rate Rises to a 5-Year High of 6.5%
South African inflation surged above the central bank’s target range for the first time in more than five years, raising the prospect of policymakers raising borrowing costs by the biggest [...]Thepeer Raises $2.1 Million in Seed Funding
Thepeer, an African tech infrastructure startup connecting businesses’ wallets, has raised a $2.1 million seed round led by the Raba Partnership, a year after the startup raised $220,000 in pre-seed [...]
