AfDB Abandons Investment in New Coal Plants
African Development Bank(AfDB) has said it has completely halted investments in any new coal projects, throwing this energy sub-sector into disarray. This disclosure was made recently by Dr Kevin Kariuki [...]
Google Lands Equiano Cable In Nigeria
Google and WIOCC, a cable landing partner, have announced the landing in Lagos, Nigeria, of the State-of-the-Art Equiano Subsea Cable. The cable will become a critical element in meeting Nigeria’s [...]TotalEnergies, Shell in Fresh Bid to Explore Oil in S. Africa
TotalEnergies, Shell want to explore for oil on a block off South Africa’s Southwest Coast months after hitting legal minefields This move comes months after two attempts to conduct seismic [...]KenGen Completes Drilling of its Seventh Geothermal Well in Ethiopia
Kenya Electricity Generating Company PLC (KenGen) has completed the drilling of its seventh geothermal well in Ethiopia further bolstering the company’s renewable energy footprint in the Horn of Africa. This latest announcement is from the Aluto-Langano geothermal site where KenGen [...]
Wave Fintech Start Up Gets E-Money License
Wave Digital Finance, a Senegal-based fintech unicorn, has been granted an e-money license to operate in that country. The permit has been issued by the Central Bank of West African [...]Nigeria to Hit Its Daily Crude Output Quota in Two Weeks
Nigeria expects to hit its daily crude production quota in about two weeks as authorities re-open wells that had to be shut to keep criminals at bay. Africa’s biggest oil [...]BFA Global and FSD Africa launch a fintech venture Launcher for Climate Resilience
BFA Global and FSD Africa have unveiled a new venture launcher, TECA (Triggering Exponential Climate Action) aimed at supporting entrepreneurs in the fintech for climate resilience space. The launcher will [...]Ghana's Economy Rises by 5.4% in 2021
Despite the impacts of the COVID-19 pandemic, Ghana economy grew by 5.4% in 2021, ten times higher the 0.4% growth recorded in 2020. The economy recorded a GDP growth rate [...]
Tanzania to Introduce Digital Service Tax on Facebook, Instagram, WhatsApp
The Tanzania Revenue Authority (TRA) has held talks with officials from Meta Platforms Inc as part of the government plans to introduce Digital Services Tax targeting big technology companies. Last [...]Angola Signs Gas Supply Deal with Italy
Angola has signed a gas supply deal with Italy, seeking to ramp up gas supplies as Italy urgently scrambles to break away from Russian gas over the Ukraine war. Italian [...]South Africa Inflation Rises 5.9% in March
South Africa's consumer-price inflation rate rose to 5.9% in March from 5.7% in February, almost hitting the upper limit (6 per cent) of the Monetary Policy target range set by [...]ZSE Introduces Two More Indices
Zimbabwe Stock Exchange(ZSE) has announced the introduction of Agriculture and Exchange Traded Fund indices. It aims to use these indices to improve the performance tracking of listed counters. The profiles [...]
