European Union Plans to Court African Countries to Replace Rusian Gas Imports.
The European Union is seeking to step up cooperation with African countries to help replace imports of Russian natural gas and reduce dependence on Moscow by almost two-thirds this year. [...]
South Africa Factory Activity Expands at a Slower Pace in April
South African manufacturing activity expanded at a much slower pace in April, as business activity and new sales dropped following devastating floods in the KwaZulu-Natal province, a survey showed on [...]WPP ScanGroup Plc Trims Net Losses to KSh37.9M
WPP ScanGroup Plc made a net loss of KSh 37.9 Million at the close of financial year ended 31st December 2021 from a net loss of KSh 1.7 Billion in [...]
Morocco Raises Minimum Monthly Wage in the Public Sector by 16%
Morocco has announced an increase in the minimum wage of public and private sector workers. The minimum monthly wage in the public sector will be raised 16%, whereas the private [...]
Bank of Uganda Blacklists All Cryptocurrency Dealers
The Bank of Uganda(BOU) has warned all licensed entities under the National Payments Systems Act to desist from facilitating crypto-currency transactions. “We have noted press reports and adverts advising the [...]Zanzibar Projects a 6.8% Economic Growth in 2022
The economy of Zanzibar is projected to grow by 6.8 per cent in 2022 a massive improvement from the 5.1 per cent recorded in 2021. When presenting the budget Vice [...]We-Fi Announces $15 million Funding for Women Digital Inclusion in Africa
We-Fi (Women Entrepreneurs Finance Initiative (We-Fi) has approved a $15 million facility Africa Digital Inclusion Facility (ADFI). The ADFI is a project of the African Development Bank. The funding seeks [...]Senegal to Invest its Sovereign Wealth Fund in Neighbouring Countries
Senegal has announced plans to invest its sovereign wealth fund in neighbouring countries when it receives part of its oil and gas revenues from new fields. The $25 billion economy, [...]United States Approves $200 Million Humanitarian Aid for Horn of Africa
The United States (US) has approved $200 million in additional humanitarian assistance for the Horn of Africa region, which includes relief from drought as well as addressing refugees' needs, and [...]Zambia's Inflation Declines to Two and a Half Year Low in April
Inflation in Zambia slowed to a two-and-a-half year-low in April, the slowdown occurring for the ninth consecutive month. Even though consumer prices rose 11.5% from a year earlier, compared with [...]Kwely, Senegal-Based B2B Marketplace Raises $700,000 in Latest Series Seed
Kwely, a Senegal-based B2B marketplace has raised an additional $700,000 in latest Series Seed round of funding, completing its $1 million Seed round. Investors who took part in this round [...]Shelter Afrique Raises $ 110.7 in Bonds Issuance
Shelter Afrique has raised $ 110.7 million Series 1 fixed rate senior unsecured debut bond issuance in Nigeria’s Capital Market. This is under the mortgage lender's $ 481.3 million bond [...]
