Kenya Signs 7 Cooperation Agreements with Sierra Leone to Enhance Trade
Kenya has signed seven bilateral agreements with Sierra Leone aimed at enhancing relations between the two countries. One of the agreements is on the establishment of a joint commission for [...]
South Africa Extends Fuel Subsidy to August to Offset High Crude Prices
South Africa will extend a fuel subsidy by two months to help cushion consumers and businesses against the impact of rising crude prices stemming from Russia’s war with Ukraine. A [...]SeamlessHR, Leading HR Tech Startup, Hosts Partners in Kenya to Facilitate International Expansion
Nairobi, Kenya – June 1, 2022 SeamlessHR recently hosted its partners in Nairobi. Having announced a $10 million funding round in January, the company is moving towards a full-scale [...]
ASL to fund over 10,000 startups in Africa each year
ASL (African Startup League) has set a goal of funding over 10,000 startups in Africa each year, creating a robust continental-wide startup ecosystem and bringing the number of African unicorns [...]
East Africa Faces Food Shortage After Failed Rains
East Africa is facing a threat of starvation following four failed rainy seasons, says a joint alert issued by humanitarian partners and metrological agencies. These organizations warn that the situation [...]JABU, a Namibian B2B e-commerce Startup, Raises $15m in a Series A Funding Round
JABU, a Namibian B2B e-commerce startup, announced that it raised $15m in a Series A funding round led by Tiger Global. JABU says that the new funds will be used [...]Ayoken Secures $1.4 Million Pre-Seed Round to Build Africa’s First NFT Marketplace for Musicians and Creatives
Ayoken has launched its own NFT Marketplace after raising $1.4 million in its pre-seed funding round. Ayoken is the first platform for buying exclusive digital collectables, and social tokens from [...]
Ethiopia Tweaks Rules to allow Foreign Banks and Fintechs
The National Bank of Ethiopia has began tweaking the country's banking regulations in a move aimed at allowing foreign banks and Fintechs to start operations in the country. Some of [...]BoT Gets Sauda Msemo as Deputy Governor
Bank of Tanzania(BoT) is set to have Sauda Kassim Msemo as Deputy Governor after being appointed to that position by President Suluhu Samia. This appointment takes effect on 1st June [...]DRC Suspends RwandAir from its Airspace
Relations between the Democratic Republic of Congo and Rwanda seemed to deteriorate after DRC barred RwandAir from its airspace. Patrick Muyaya, the spokesman for the Congolese government, announced that the [...]AfDB says Africa’s GDP to Grow By 4.1% in 2022
AfDB (African Development Bank) forecasts Africa’s real GDP to grow by 4.1% in 2022, markedly lower than the near 7% growth rate in 2021. This sluggish pace of growth has [...]Zambia Set to Increase Daily Limits for Foreign Currency Transactions
The Central Bank of Zambia has announced plans to increase the daily limit for foreign currency exchange transactions, seeking to draw transactions into official channels and reduce complication for businesses. [...]
