IMF Predicts Sub-Saharan Africa Economy To Grow at 3.2% in 2019
In sub-Saharan Africa, economic growth is expected to be at 3.2 percent in 2019 and 3.6 percent in 2020 largely due to subdued growth in the three largest economies. The [...]
UK Announces £10 million Funding for FinTech Start-ups in Emerging Markets
The mayor of London Peter Estlin has announced £10 million (KSh1.3 billion) of UK Aid support towards the Catalyst Fund. Catalyst Fund is a fund manager that provides financing to [...]Africa to Host 90% of the World's Poor, Unless We Empower Our Women
A World Bank report reveals that 4 in every ten Africans live in poverty. Say, a whopping 416 million people lived under $ 1.90 a day, as of 2015. The [...]
Ghanian Govt Orders Telcos to Stop Expiry of Data Bundles
The Government of Ghana has directed telecommunication companies to stop the expiry of data bundles. Such comes after Ghana increased its communication service tax to 9% to fund cybersecurity initiatives. [...]Dangote led Initiative Proposes $1 Trillion Fund to Support AfCFTA
The AfroChampions initiative, led by former South African President Thabo Mbeki and Businessman Aliko Dangote, has proposed a $ 1 trillion investment fund to support the African Continental Free Trade [...]UberBoat Pilots in Lagos to Ease Congestion
Uber has launched a boat service to ease Lagos’ traffic connecting the capital’s 22 million through the lagoon. Uber will operate the new waterway service in partnership with Lagos State [...]Russia Africa Summit to Enhance Moscow's Position in the Continent
The upcoming Russia Africa summit is looking to cement Kremlin's position in Africa. The conference will take place in the city of Sochi, Russia on the 23rd and 24th October [...]Afrexim Bank Keen on Listing at the London Stock Exchange
The African Export-Import (Afrexim) Bank has recently put across its interest on being listed on the London Stock Exchange (LSE). The Bank is in engagements with JP Morgan, and HBSC [...]Ethiopian PM Abiy Ahmed Ali Wins 2019 Nobel Peace Prize
Ethiopian Prime Minister Abiy Ahmed has won the 2019 Nobel Peace Prize for his contributions towards peace and international cooperation. The prime minister played a pivotal role in resolving the [...]Malawi Abandons 1% Tax on Mobile Money Transactions
The Government of Malawi has rejected a proposal to tax mobile money transactions. Malawi changed its mind after harsh criticism on the proposed 1% tax on non-bank mobile money transactions. [...]Kenya, Uganda, and Tanzania Increase Compensation for Collapsed Banks' Victims
Kenya, Uganda, and Tanzania have increased compensation for victims of collapsed banks as a way to boost depositors' confidence in the region's banking sector. The regional member states are making [...]South Sudan and Senegal to Announce their 2020 Petroleum Licensing Rounds
South Sudan is targeting to attract investors by announcing the Petroleum Licensing Round for 2020 and a tender for Environmental Audit for its Oil fields. South Sudan will host its [...]
