Nigerian Mobility Startup MAX.ng Raises $1 Million Capital
Nigerian mobility startup, MAX.ng, has raised $1 million in capital under a securitisation of vehicle lease receivables under a Private Company Bond program. According to the company, the transaction is the first [...]
African CEOs Predict Swift Post COVID Recovery
In the second annual Africa CEO survey, 95 per cent of African CEOs said that they experienced negative effects on their revenues and operations due to the COVID19 crisis. Africa [...]
Fitch Affirms Afreximbank’s BBB- Credit Rating
The rating agency, Fitch rating, has affirmed the African Export-Import Bank (Afreximbank) long term Issuer Default Ratings (IDR) at ‘BBB-‘with a stable outlook. The agency also affirmed the Bank’s Short-term [...]AACC Raises Red flag on Africa's Debt Burden
The All African Conference of Churches(AACC) has raised the red flag over the rising debt burden that African Countries are faced with. An ecumenical fellowship with a presence in more [...]
East Africa To Lead Sub-Saharan Africa’s recovery from COVID-19 Renaissance Capital Economists
In this episode of the Kenyan Wallstreet Podcast, our Resident Economist Prince Muraguri holds an insightful discussion with two economists from Renaissance Capital: Charles Robertson (Global Chief Economist) and Yvonne [...]
Botswana to Introduce Kiswahili in School Curriculum
Botswana Minister for Basic education, Fidelis Molao, has said that the southern African nation will introduce Kiswahili in the school curriculum. Molao was speaking during a language-teaching workshop in Francistown, [...]Central Bank of Nigeria Cuts Key Rate to 11.5%
Central Bank of Nigeria has cut its benchmark lending rate by 100 basis points to 11.5 percent for the second time this year from 12.5 percent announced in May. CBN [...]Zambia Seeks Six Month Debt Relief for $3Bn Eurobond
Zambia has asked private holders of its $3 billion Eurobond to suspend debt service payments for a period of six months. In an address, President Edgar Lungu asked the holders [...]Facebook to Open a New Office in Lagos in 2021
Facebook plans to open a new office in Lagos, Nigeria in the second half of 2021 as part of its investment in the continent. The new office will house the [...]NSE Isolated in Proposed Regional Bourse Plan
Tanzania, Rwanda and Uganda are proceeding with plans to electronically interlink their respective stock exchanges, leaving out the Nairobi Securities Exchange(NSE). The three East African states intend to have a [...]Tourism in Africa Down 57% in H1 2020; UNWTO
A study by the United Nations World Tourism Organization (UNWTO) shows that Tourism in Africa declined by 57% in the first six months of 2020, compared to the same period [...]Weekly Deals Digest; Sep 9th Sep 15th
In this week's deals digest, Africa's investment scene leans towards the entertainment industry, welcoming investments to music streaming service Mdundo and Egyptian Esports team Anubis. The emerging markets received investments [...]
