Ghana Receives $ 1 Billion Pledge from Banks to Spur Finances
International banks have pledged to lend Ghana $1 billion for budget purposes and to boost central bank reserves as the country seeks to cut its fiscal deficit and stabilize the [...]
AfDB Extends $9.25 Million Grant for Rollout of Climate Disaster Risk Financing in Malawi
The Board of Directors of the African Development Bank (AfDB) has approved two grants of $9.25 million to implement the Africa Disaster Risk Financing Programme (ADRiFi) in Malawi. The move [...]Nigeria Bourse Set to Adopt Blockchain Technology to Attract Investors
Nigerian Exchange Ltd., plans to start a blockchain-enabled exchange platform next year to deepen trade and lure young investors to the market. The move follows the introduction of regulations to guide trade [...]Airtel Africa Sells 25.77% Stake in Moblie Cash Unit for Ksh 64.2 Billion 
Airtel Africa Plc, a London-listed company, has given up a 25.77 per cent share in its local mobile money business as part of a continent-wide plan to raise $550 million [...]World Bank Donates $385 Million to Horn Of Africa to Boost Climate Resilience
The World Bank has provided 385 million U.S. dollars in International Development Association (IDA) financing to Horn of Africa countries to tap groundwater potential and boost climate resilience. The World [...]Opinion: African Solution to African Problems, Reframing Science Innovation
Africa is plagued by many epidemics — from tuberculosis and HIV/AIDS to malaria and wild polio — but the continent has also worked for decades to fight these threats. The [...]
Ghana's Inflation Rate Jumps to an 18-Year High as Food Prices Soar
Ghana’s inflation rate jumped to the highest level in more than 18 years in May as food and transport costs surged. Annual inflation accelerated to 27.6%, the fastest pace since [...]South Africa's Economy Grows to Pre-Pandemic Levels in Q1 2022
South Africa’s gross domestic product grew by 1.9 per cent in the first quarter, returning the continent’s most industrialised economy to pre-pandemic levels. It was the second consecutive quarter of [...]Tanzania Reverses Ban on Export of Live Animals after Public Outrage
Tanzania has reversed a controversial decision to lift a ban on wildlife exports that sparked outrage in the East African country. The ban, imposed in 2016, was put in place [...]Ethiopia Central Bank Bans Trading of Cryptocurrencies Vows to Take Action
Ethiopia’s central bank on Monday told its citizens not to engage in “illegal” transactions in digital currencies. The Bank urges the public to beware of such illegal activities as the [...]Nigeria Cancels Plan to Issue $950 Million Eurobond
Nigeria has shelved plans to raise about $950 million selling overseas bonds, owing to unfavourable market conditions during the time frame approved for the fundraising. Finance Minister Zainab Ahmed said [...]Banco Bai, Angola's Biggest Bank Raises $94 Million in Nation’s First IPO
Angola’s biggest lender Banco BAI raised 40.1 billion kwanzas ($94 million) from the sale of 10% of its shares in the oil-producing African nation’s first-ever initial public offering. The Luanda-based [...]
