East Africa's FDI Rise to Hit $11.5 Billion
Foreign Direct Investments (FDIs) into East Africa surged in 2019 to hit $11.5 billion, up from $5.7 billion in 2018. This was mainly due to China's increased interest in East [...]
AECF Grants $8.5Million to Clean Energy Businesses in Somalia
The Africa Enterprise Challenge Fund (AECF) has unveiled an$ 8.5 million grant facility, seeking to support clean energy businesses (adoption and diversification of renewable energy) in Somalia. This is a [...]Online Forex Trading in South Africa
How does online forex trading in South Africa work? You’ll get the answer after reading this article. Learning Forex for beginners is essential to not get lost in an investment [...]UK to Host Africa Investment Summit Next Month
UK-based and African-based businesses will hold a virtual meeting on 20th January 2021 to discuss business and investment opportunities for investors in the two regions. This will be the second [...]
South Africa's GDP Rises 66.1% in Q3 2020
South Africa’s GDP (Gross Domestic Product) rose by66.1%between July and September this year (Q3 2020), occasioned by the uplifting of the COVID-19 restrictions. This compares to a 51% shrinkage in [...]Zambia in Talks with IMF for Financial Aid
Zambia is in talks with the IMF (International Monetary Fund) for financial support, even as its economy continues to plummet due to years of crisis, which has been made worse [...]IM Rwanda Receives $10 Million loan from World Bank
World Bank's private-sector lending arm, the International Finance Corporation (IFC), has loaned$10 millionto IM Bank (Rwanda) Plc, seeking to support SMEs facing COVID-19 cash-flow challenges. The loan is Rwanda's first [...]IFC to Invest KSh1.4 Billion in Ugandan Pharmaceutical Company
The International Finance Corporation plans to invest KSh1.4 billion ($12.5 million) in the form of a loan in AK Life, a top pharmaceutical manufacturer, and distributor based in Uganda. The [...]Morocco Raises $3 Billion in Foreign Bond Sale
Morocco has raised a whopping $3 billion in a foreign bond sale, returning to the international capital markets with a bang. The $3 billion bond offering includes dollar-denominated seven-, 12- [...]Ethiopian Central Bank Allows Operation of Foreign Currency Accounts
The National Bank of Ethiopia recently issued a directive allowing Ethiopian residents and non-residents to open and operate foreign currency accounts in the country. The directive is one of many [...]Somalia Suspends Visa-on-Arrival for Kenyans WEF 13th Dec
Somalia has suspended visa-on-arrival for Kenyans, citing the need to curb the spread of the COVID-19 virus as one of the reasons for the directive. The new directive, which takes [...]Syspro Survey Shows Increasing Business Confidence Despite COVID-19 2nd Wave
A survey by Syspro, conducted among Chief Financial Officers (CFOs) in manufacturing enterprise companies, shows that close to50% of manufacturing companies have already recovered business or expect to do so [...]
