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 [...]Nigerian commodities exchange AFEX Expands To Kenya
Nigeria’s leading commodities exchange and commodities market player, AFEX has expanded into Kenya, following a successful pilot phase in the East African country. As part of the expansion, the company [...]Uganda's Tugende Closes Pre-Series B Funding
Uganda'a Tugende, a technology-enabled asset finance company that provides asset financing and digital services to small businesses has announced it has raised a pre-Series B investment round led by current [...]Namibia Seeks to Double GDP by 2040 with Largest Oil Discovery Since Independence
Namibia projects its biggest oil discoveries since independence will help double its gross domestic product (GDP) by 2040. TotalEnergies in February said it had made a “significant” oil discovery off the [...]Zimbabwe Tables Measures to Curb Rising Costs of Bread
The Reserve Bank of Zimbabwe (RBZ) has agreed with the Bakers Association of Zimbabwe on some measures to stabilize the price of bread that has risen sharply over the past [...]South Africa's FlySafair Adds 10 Routes across Sub-Saharan Africa
South African airline, FlySafair has announced plans to add at least 10 new routes across sub-Saharan Africa. The airline will fly to capital cities such as Nairobi, Lusaka and Maputo [...]Afropolitan Raises $2.1 Million to Build a Digital Nation
Afropolitan, a startup that wants to build a digital nation for Africans, has raised pre-seed funding of $2.1 million. There are over 25 angel investors including Iyinoluwa Aboyeji of Future [...]
