Tanzania Readies for 5G Network Adoption
The government of Tanzania has announced that it is now ready to allow investment in 5G network trials, seeking to further develop its digital economy. In 2020, Vodacom said it [...]
Postal Corporation of Kenya Signs Deal with Somaliland
Postal Corporation of Kenya (PCK) and Somaliland Postal Services have signed a memo to enable the two to co-operate in knowledge exchange and international mail delivery and processing across Africa. [...]
Ascent Capital Acquires Majority Stake in Valley Hospital
Ascent Capital- a private equity fund, has acquired a significant equity stake in Valley Hospital Limited, located in Nakuru-Kenya. David Owino, Managing Partner of Ascent Capital Advisory Services said, “We [...]Bamba Secures $3.2M to Upscale its App
Bamba, a software firm that serves micro-merchants in Africa, has secured $3.2 million in seed funding. This will help the company scale its App and build out its team. The [...]South Africa Hikes Interest Rate to 4.75%- Highest Rate in Six Years
South Africa’s central bank raised its benchmark interest rate by the biggest margin in more than six years and signalled even higher borrowing costs are ahead, escalating its response to [...]
Egypt Raises Intrest Rate 200 bps Citing Soaring Inflation
Egypt raised interest rates for the second time since March, seeking to tackle soaring inflation and restore the allure of its local debt with foreign investors amid a global wave [...]Nigeria's Topship Raises $2.5 Million in its Seed Funding Round
Nigeria's logistics startup, Topship has raised $2.5 million in its seed funding round. Investors who took part in the funding include Flexport, Y Combinator, Soma Capital, Starling Ventures, Olive Tree [...]Inflation In Tanzania Rises to 3.8% in April 2022
Annual headline iInflation rate in Tanzania hit 3.8% in April, up from 3.6% in March 2022. The country's National Bureau of Statistics says the overall index increased from 103.95 in [...]France to Invest $4.2 Billion in Tanzania over the Next 5 Years
France has committed to invest up to $4.2 billion in Tanzania over the next five years, as the former seeks to position itself as the very first European investor in [...]Tanzania Seeks $81 Million from Donors to Conduct Population Census
The Tanzania government is seeking more than $81 million from donors to conduct a national population and housing census scheduled for August this year. The 2022 census will be the [...]IMF Warns Effects of Ukraine Conflict to hit Sub-Saharan Africa
The IMF has said the ongoing war in Ukraine would lead to increased living and transport costs in most countries in Sub-Sahara Africa. In its April 2022 Outlook for Sub-Sahara [...]Wheat Prices Rise to Record High after India’s Export Ban
The price of wheat jumped on international markets after India banned the exportof the staple cereal saying it has stopped the exports of its wheat to the world market to [...]
