Ghana Revenue Authority to Tax Online Businesses in April 2022
The Ghana Revenue Authority (GRA) is planning on making GHC 2.7 Billion from taxes as from betting and gaming companies and GH¢1 billion from the likes of Facebook, Google, Netflix, [...]
Namibia Hikes Key Interest Rate to 4% for the First Time in 6 Years
Namibia has raised its key interest rate for the first time in six years, safeguarding its currency peg with South Africa’s rand. The monetary policy committee lifted the rate by [...]Tanzania's Exports to Kenya Rise by 50% in FY 2021
Tanzania's exports to Kenya doubled in 11 months to November last year as trade between the two countries continues to normalise after years of dispute. The latest data from the [...]AfDB Partners with Tanzania for Women's Economic Empowerment
The African Development Bank (AfDB) has partnered with the government of Tanzania to support economic empowerment programmes for women, youth, and small-scale traders. AfDB's president, Akinwumi Adesina says the Bank and [...]
Deloitte East Africa Appoints Anne Muraya as New CEO
Deloitte East Africa has appointed Anne Muraya as its CEO, with effect from 1st June 2022, taking over from Joe Eshun, who has been appointed as Deloitte Africa Managing Director [...]CBK Takes Plunge into Digital Currency Space
The Central Bank of Kenya (CBK)has finally taken a plunge into the deep waters of digital currency after stalling for a while. Kenya's monetary authority is inviting comments from the [...]
Jambojet Begins ferrying Cargo on its Passenger flights
Jambojet, a subsidiary of Kenya Airways, has begun ferrying cargo on its passenger flights, raising the level of competition among local and foreign airlines, each targeting a piece of the [...]Rwanda Launches Fintech Innovation Project
The government of Rwanda has partnered with Nigeria's Co-creation Hub (CcHUB), Google and Mojaloop Foundation to launch the Fintech Innovation Project that seeks to accelerate Rwanda’s digital transformation. As part of the initiative, [...]EU Launches $171 Billion Investment Plan for Africa
The European Union (EU) has launched a $171 billion investment plan for Africa that will include private sector investments as well as funding from the Union institutions and member countries to [...]Google Unveils Hustle Academy to Train 5,000 SMEs across Africa
Google has unveiled the Google Hustle Academy, seeking to train 5,000 small and medium enterprises (SMEs) and entrepreneurs in Kenya, Nigeria, and South Africa for free. The Academy is a [...]Egypt's Thndr Raises $20 Million in Series A Funding
Egypts's investment app, Thndr has raised $20 million in its Series A funding round, seeking to democratize investing in the Middle East and North Africa (MENA). This round brings the [...]Uganda's ChapChap Secures Undisclosed Funding for Expansion
Uganda's fintech startup, ChapChap has secured an undisclosed funding round, seeking to accelerate its commercial growth and social impact creation. Investors who took part in the funding round were Nordic [...]
