Kenya Zambia Sign 6 MoUs to Enhance Bilateral Cooperation
President Uhuru Kenyatta and his Zambian counterpart President Hakainde Hichilema have signed six MoUs geared towards enhancing bilateral cooperation between the two countries. The 6 signed MoUs are: Memorandum of [...]
World Bank Approves $474 Million Loan for South Africa
The World Bank has approved a loan of $474.4 million to help South Africa purchase COVID-19 vaccines. A joint statement from the bank and South Africa’s National Treasury says the [...]Development Bank Ghana Launches; Seeks to Support SME Lending
After having been first conceived in 2017, the Development Bank Ghana (DBG) was finally launched this week to help catalyse growth in the country’s small and medium enterprise sector. The DBG has [...]Uganda to Fetch $12 Trillion from New-Found Gold Deposits
Uganda has announced that it has struck a deposit of 31 million tonnes of gold ore, with extractable pure gold estimated to gross 320,000 tonnes. President Museveni provided little detail, [...]Tanzania's National Debt Hits TSh69.44 Trillion
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 equivalent to 14.4% increase. Tanzania's minister of [...]AfCFTA Still in the Shadows as 6 Countries Yet to Ratify the Agreement
Six countries drawn from three regional economic blocs are yet to ratify the African Continental Free Trade Area (AfCFTA), delaying its implementation more than a year after it was formally [...]Launch Africa Ventures Makes 100th Investment after Closing $36.3 Million Fund
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 across 20 African countries. The investment [...]MFS Africa Raises Additional $100Million in its Series C Funding
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 its series C to $200 million. [...]IMF Approves $1.1 Billion to Support Tanzania's Economic Recovery Efforts
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. IMF says the medium-term programme is expected to help [...]Nigeria Announces Plans to Regulate Facebook, Twitter, Tiktok, WhatsApp, Instagram, Google
Nigeria has announced plans to regulate internet companies like Facebook, WhatsApp, Instagram (all owned by Meta), Twitter, Google and TikTok in a draft shared by the country’s internet regulator. The [...]Ride-Hailing Firm, Gozem Signs $10 Million Partnership Deal with IFC
Ride-hailing startup, Gozem, has signed a $10-million partnership deal with the International Finance Corporation (IFC), seeking to enable moto-taxi drivers in Togo and Benin to access vehicle financing. Through the [...]Zambia's Creditors Set to Meet on June 16th for Debt Revamp Plan
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 sovereign defaulter, according to President [...]
