COMESA's e-Certificate of Origin Nears Full Integration
The COMESA Secretariat is nearing completion of the e-Certificate of Origin (e-CO) integration with the national e-CO systems of Kenya, Seychelles, and Ethiopia. The uptake of the electronic certificate has [...]
Jumia’s Falling Fortunes Attract Buyout Interest from Axian Telecom
E-commerce giant, Jumia Technologies, is attracting takeover interest from Mauritius-based Axian Telecom, as the firm battles a sharp decline in revenue, narrowing liquidity, and intensifying competition across Africa’s fast-paced digital [...]Zanzibar Partners with Tether to Advance Blockchain Education and Financial Innovation
Zanzibar has taken a formal step toward blockchain integration and digital asset education through a new partnership with Tether, a leading issuer of digital stablecoins, as the two parties signed [...]AfDB Loans City of Johannesburg US$139mn in First Lending to a Subnational Entity
The African Development Bank Group (AfDB) has approved a ZAR 2.5 billion (approximately $139 million) corporate loan to the City of Johannesburg Metropolitan Municipality, marking the Bank's first direct lending [...]
Africa Launches First Pan-African Card Scheme – PAPSSCARD
A joint venture by the African Export-Import Bank (Afreximbank), the Pan-African Payment and Settlement System (PAPSS), and Mercury Payment Services (MPS) has launched the PAPSSCARD, first Pan-African card scheme of [...]Afreximbank Appoints Dr. George Elombi as Next President
The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution. As [...]Gold Rush in South Kivu, DRC, Triggers Cholera Outbreak
Until recently, Lomera was a quiet lakeside village, barely known to most residents of South Kivu, DRC. That changed overnight last December when gold was discovered in its hills. “Everything [...]EAC Tables US$ 109.3 Million Budget for FY 2025/2026
The East African Community (EAC) has presented a US$ 109.3 million budget proposal for the 2025/2026 Financial Year to the East African Legislative Assembly (EALA). “the average economic growth rate [...]AfDB Kickstarts Pioneering Cable Car Project in Kigali
The African Development Bank (AfDB) has approved a grant of $500,000 for a feasibility study into the first phase of a cable car transport network in Kigali, Rwanda, that will [...]Angola Becomes a Shareholder in the Africa Finance Corporation
Angola has become the latest sovereign shareholder in the Africa Finance Corporation (AFC), three years after the Southern African country joined the infrastructure solutions provider as a member. The Corporation [...]Africa's Aviation Sector to Withstand US Travel Restrictions, Demand to Grow 8%-IATA
The newly instituted US visa bans targeting certain African countries are expected to have a limited impact on the continent's aviation industry. “As the industry eyes growth, success will depend [...]Naspers, Africa’s Top Stock, Posts $12.3Bn Profit on Tencent Gains
Naspers, Africa’s largest publicly listed company by market capitalization, has posted Profit After Tax (PAT) of US$12.26 billion—surpassing revenue of US$7.18 billion-for the fiscal year ended 31 March 2025. These [...]
