Ghana's National Assembly Approves 1.5% Electronic Transactions Tax
Ghana's National Assembly has approved a new tax on electronic transactions. The government says that the bill will help raise $900 million in revenue and address the problems of unemployment [...]
IM Net Profit Up 2.4% to KSh 8.6B in 2021
IM Group Plc recorded a marginal increase in Net Profit to KSh 8.6 Billion in 2021 compared to Profit After Tax of KSh 8.4 Billion over a similar period in [...]
EAC Formally Admits DRC to the Region
The East African Community (EAC) Heads of State have admitted the Democratic Republic of Congo (DRC) into the regional bloc becoming the seventh and newest member of the community after [...]
Absa Group Appoints Arrie Rautenbach as CEO
Absa Group has announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. The appointment follows a thorough recruitment and selection process completed by the Board. Arrie, [...]Ghana ends all Covid-19 Restrictions, Re-opens Land and Sea Borders
Ghana has reopened its land and sea borders after a two-year closure as it lifted some coronavirus restrictions in an attempt to bolster a flagging economy. President Nana Akufo-Addo announced [...]Ghana's Central Bank Hikes Interest Rate to 17%
Ghana’s central bank has announced its largest-ever interest rate hike to halt the country’s spiralling inflation fed by global tensions in Europe. The Bank of Ghana increased its primary lending [...]Airtel Africa Stops Investments in Tower Infrastructure
Airtel Africa has stopped investing in tower infrastructure in Kenya and other markets in the continent, intending to sell most of its existing assets. The International Finance Corporation (IFC), which [...]Ethiopian Airlines Appoints Mesfin Tasew Bekele as New CEO
Ethiopian Airlines has appointed Mesfin Tasew Bekele as its new Chief Executive Officer to replace long-serving Tewolde Gebremariam, who resigned on Wednesday for medical reasons. Before the appointment, Mr Mesfin [...]Egypt in Talks with IMF for New Funding
Egypt is in talks with the International Monetary Fund (IMF) seeking new funding, possibly including a new loan, to mitigate the economic shocks of the Russia-Ukraine war on its economy. [...]AzamPesa, New Mobile Money Wallet, Launches in Tanzania
AzamPesa, a new mobile money wallet has launched in Tanzania. It is the first mobile money wallet not directly associated with a Mobile Network Operator (MNO). The wallet is accessible [...]Kenya looks to FinTech to supercharge financial inclusion New Report
Kenya has the opportunity to become a continental leader in FinTech and dramatically boost financial inclusion by enhancing the existing ecosystem, according to a new research from TheCityUK and the [...]Why Blockchain Technology is Great for Africa
During the 2007-2008 financial crisis, an anonymous figure Satoshi Nakamoto built a white paper on the blockchain and called it Bitcoin. The white paper attracted an investor community since it [...]
