BK Group, Rwanda Social Security Board, Set to Merge Insurance Companies
BK Group Plc is set to merge its insurance subsidiary, BK General Insurance, with the Rwanda Social Security Board's (RSSB) subsidiaries Sonarwa General and Sonarwa Life to form a new [...]
Zambia-Tanzania-Kenya Power Pool Kicks-off
The Zambia-Tanzania-Kenya (ZTK) Power Interconnector Project has officially been relaunched in Lusaka by the three participating governments, with backing from COMESA, the World Bank, the European Union and the United [...]
Sudan Conflict Enters Third Year With No End in Sight
On April 15th, the Sudan conflict entered its third year since fighting broke out between the Sudanese Army (SA) and the Rapid Support Forces (RSF), in what has become one [...]
Investors in Nigeria, Kenya Count Losses after CBEX Collapses
The collapse of CBEX, a fast-growing digital Ponzi scheme disguised as an investment platform operating across Africa, has seen investors lose over US$840 million, according to Nigerian media reports. In [...]Heineken Fined for Stifling Competition in Comesa Market
Heineken has been found guilty of anti-competitive practices within the COMESA region, including blocking its distributors from selling other brands, setting for them minimum resale prices and enforcing territorial restrictions. [...]Afreximbank Posts US$ 973.5M Profit in 2024, Expands Footprint
The African Export-Import Bank (Afreximbank) has posted a net profit of $973.5 million for the financial year ended 31st December 2024, marking a 29% rise from the previous year. Metric [...]Afreximbank Launches First African Trade Center in Nigeria
Multilateral Bank African Export-Import Bank (Afreximbank) has commissioned its first Afreximbank African Trade Centre (AATC) in Abuja, Nigeria, as it sets its ambitions on similar projects across and outside the continent. “The [...]
AfricaNenda Pushes Digital Payment Frontier in Five African Markets
AfricaNenda, a nonprofit backed by the Gates Foundation, has accelerated digital payment systems development in five African markets including Rwanda, Cabo Verde, Mauritania, South Sudan, and the Central African Economic [...]Kenya Ranks Third in Africa for Women’s Economic Inclusion
Kenya now ranks third in Africa for women’s financial and economic inclusion, according to the 2025 African Women’s Inclusion Index (AWII). Kenya scored 86.1 in financial inclusion, driven by its [...]Donald Trump's Trade War Sends African Equities Tumbling
African stock markets slumped this week as renewed global trade tensions, triggered by U.S. President Donald Trump’s sweeping new tariffs, roiled global financial markets. From Johannesburg to Casablanca, investors fled [...]South Africa Lobbies Kenya for AfDB Presidency
South Africa is seeking Kenya's support for its candidate, Bajabulile Swazi Tshabalala to replace the outgoing African Development Bank (AfDB) President Dr. Akinwumi Adesina. Pretoria deployed its Special Envoy, Ayanda [...]Kenya Has Over 4,300 Hotel Rooms in Pipeline Amid Africa’s Hospitality Boom
Kenya has 4,344 hotel rooms in development across multiple projects, placing it sixth in Africa’s hotel construction rankings as the continent experiences record-breaking growth in hospitality investments. “According to the [...]
