World Bank Approves $100M Grant to Somalia to Strengthen Fiscal Transparency
The World Bank approved a $100 million grant to support the continuation of Somalia’s reform efforts in reaching the Completion Point of the Heavily Indebted Poor Countries (HIPC) Initiative when [...]
Central Bank says Flutterwave Not Licensed to Operate in Kenya
Kenya's Central Bank has clarified that Africa-focused payments giant and Africa's highest valued startup Flutterwave is not licensed and should not be operating in Kenya. Flutterwave is not licensed to [...]
Airtel Africa Plc Net Earnings Up 25.3% to $178 Million
Airtel Africa plc, a multinational company that provides telecommunications and mobile money services in 14 countries in Africa reported its earnings for the quarter ended 30 June 2022. Revenue for [...]Zimbabwe Allows Use of Hemp in Medicine for the First Time
Zimbabwe is allowing hemp-based products to be sold for the first time as part of complementary medicines given to patients. The Medicines Control Authority of Zimbabwe has invited all licensed [...]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 [...]
