Africa’s Leapfrogging From Oil Gas Is Not the Quick Energy Fix the World Thinks It Will Be
All of sub-Saharan Africa could triple its electricity use overnight using only natural gas and still account for only a 1% increase in global emissions, so low is its starting [...]
AfDB President Warns US Tariffs Could Trigger Economic Disruptions in Africa
Outgoing president of the African Development Bank (AfDB) Dr. Akinwumi Adesina has warned that Washington's new tariff regime could trigger significant economic disruptions across Africa. “When those currencies weaken, two [...]
Ethiopia Eases Forex Rules to Boost Market Access, Flexibility
Addis Ababa, May 20, 2025 – The National Bank of Ethiopia (NBE) has introduced new foreign exchange reforms to improve access and transparency for importers, travelers, and the banking public. [...]
Jumia Narrows Q1 Loss on Consumer Growth, Lower Finance Costs
Pan-Africa e-commerce platform Jumia Technologies has slashed its loss before tax to US$16.5 million in the first quarter of 2025, down from US$39.6 million a year earlier, driven by sharply [...]
Africa CDC Looks to MPox Lessons to Fight Cholera
The Africa Centers for Disease Control and Prevention (Africa CDC) has raised the possibility of tackling the ongoing cholera outbreak in the same way as the Mpox outbreak, which is [...]Ethiopia's Parliament Ratifies Africa Finance Corporation Membership
Ethiopia's House of People's Representatives has approved the country's accession to the Africa Finance Corporation (AFC). After the vote, Ethiopia's State Minister of Finance Dr. Eyob Telakign said joining the [...]Kenyan Shilling's Strength Lifts Airtel’s Revenues in East Africa
Airtel Africa has posted strong operational momentum for the year ended March 2025 in its East African markets, where the appreciation of the Kenyan shilling helped minimize the impact of [...]Battery-Swapping Firm Kofa Raises US$8.1mn to Expand Operations
Kofa, a Ghana-based renewable energy company with expanding operations in Kenya, has secured US$8.1 million in pre-Series A funding to grow its AI-powered battery-swapping network across urban centers in Africa. [...]Nigeria Clears US$ 3.4bn IMF Loan
Nigeria has joined the list of countries that do not owe the International Monetary Fund (IMF), after it cleared a US$3.4 billion emergency loan it received during the pandemic. The [...]Kenyan Banks Lead East Africa in Sustainable Banking- WWF Report
Kenyan banks scored an average of 43.7% in the WWF’s inaugural 2024 Sustainable Banking Assessment (SUSBA), second only to South Africa’s 50.1% among 25 banks surveyed across eight African countries. [...]Afreximbank Launches US $1 Billion Private Equity Film Fund
The African Export-Import Bank (Afreximbank) has committed US$1 billion for the new Africa Film Fund through its development impact investment arm, the Fund for Export-Development in Africa (FEDA). “The Africa [...]MTN Uganda's Q1 Profits Surge 21% Driven By Data and Fintech Growth
Uganda's largest telecommunications company, MTN Uganda, has reported its Q1 2025 financial results, marked by double-digit revenue growth supported by expanding data and fintech services. The company’s fintech division, which [...]
