Akinwumi Adesina Re-elected Africa Development Bank President
Akinwumi Adesina has been re-elected as the president of the African Development Bank during the bank's virtual annual general meeting. In an electronic vote held on Thursday, Adesina won a [...]
Afreximbank Provides $400 Million to the Export Trading Group
Afreximbank (The African Export-Import Bank), Africa’s foremostmultilateral trade finance institution, has provided a $400 million revolving global credit facility to the ETG (Export Trading Group). The credit facility seeks to [...]
Mobile Security Firm Finds Built-in Malware in Tecno Phones Shipped to Africa
Mobile Security Platform Upstream found built-in malware on 53,000 Tecno W2 devices shipped to 5 African countries. Secure-D, the company's mobile security service says that the built-in malware prompts suspicious [...]DOB Equity Boosts Tanga Fresh's Processed Milk Production with New Capital Investment
Private Equity Firm DOB Equity has made an additional investment in Tanzania’s Tanga Fresh, boosting the firm’s capacity to venture into the long-life milk market. Capital from the reinvestment will [...]Nigeria's GDP Declines by 6.6% in Q2.2020
Nigeria GDP witnessed a 6.1 percent decline in Q2 in real terms, latest data from the National Bureau of Statistics (NBS) reveals. Consequently, for the first half of 2020, real [...]Vodacom Appoints Raisibe Morathi as Group CFO
Telecoms group, Vodacom, has appointed Ms Raisibe Morathi as its new Group Chief Financial Officer, with effect from 1st November 2020. She will also join the Vodacom Group Board as an [...]Botswana Namibia Eye a 5GW Solar Energy Plan
Botswana and Namibia have announced plans to develop a5,000 megawatts(5 Gigawatts) solar energy project, a move that seeks to produce electricity mainly for export across the region, and reduce their [...]Podcast: Ndovu CEO On How Technology Will Shape Investments in Africa
In an online interview with the Kenyan Wallstreet, Ndovu Investment CEO and co-founder Radhika Bhachu talks about the state of digital investment platforms in Africa and how Robo-advisory will play [...]Absa Group Half-year Net Earnings Drop 82% Due to Covid-19 Pandemic
South Africa-based Absa Group has reported an 82% slump in its Half-year Net earnings after the lender increased its provisions against potential credit losses four-fold to US$ 869.8 Million. In [...]
Podcast; Use Cases for Bitcoin in Africa
In an online podcast interview with the Kenyan Wallstreet, Modibe Matsepane, the Community Coordinator for Africa at Paxful, shared his insights on the use cases of Bitcoin that are most [...]
South Sudanese Pound Declines as Country Depletes Foreign Currency Reserves
The Central Bank of South Sudan is unable to control the devaluation of the South Sudanese Pound after the regulator depleted its foreign currency reserves. Experts warn that the country [...]Ghana Hands Over AfCFTA Headquarters to the AU
Ghana has officially commissioned and handed over the African Continental Free Trade Agreement (AfCFTA) Secretariat headquarters to the African Union (AU) in Accra, Ghana. In attendance was Ghanaian President Nana [...]
