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$1 billion for the new Africa Film Fund through its development impact investment arm, the Fund for Export-Development in Africa (FEDA). “The Africa [...]MTN Uganda's Q1 Profits Surge 21% Driven By Data and Fintech Growth
Uganda's largest telecommunications company, MTN Uganda, has reported its Q1 2025 financial results, marked by double-digit revenue growth supported by expanding data and fintech services. The company’s fintech division, which [...]
Airtel, Starlink Strike Deal to Expand Satellite Internet Access
Airtel Africa has announced that it has inked a deal with SpaceX to bring Starlink’s satellite-based internet services in the 14 markets it operates in on the continent. “Next-generation satellite [...]Anthrax, MPox Outbreaks Compound Eastern DRC Crisis
Outbreaks of anthrax and Mpox have compounded the ongoing security crisis in eastern Democratic Republic of the Congo (DRC), as worsening humanitarian needs and limited access have exposed critical gaps. [...]Ethiopia to Allow Foreigners to Own Real Estate
Ethiopia's Council of Ministers has ratified a draft law that will define how foreigners can own real estate, as the country reforms its laws to encourage foreign investment. Ethiopia has [...]
World Bank Appoints Ndiamé Diop as VP for Eastern and Southern Africa
The World Bank has appointed Dr. Ndiamé Diop as the regional Vice President for Eastern and Southern Africa, succeeding Victoria Kwakwa, who retired at the end of March. With over [...]WWF Launches Inaugural Sustainable Banking Assessment for Africa (SUSBA) Report 2024
Banks in South Africa and Kenya lead Africa in the adoption and reporting of sustainable finance through Environmental, Social and Governance (ESG) integration, reveals WWF’s inaugural Sustainable Banking Assessment (SUSBA) [...]
Bill Gates, UAE Foundations Target Kenya and 9 Countries with US$ 500mn Maternal and Newborn Health Fund
Kenya is among the 10 African counties targeted in a new commitment of nearly $600 million for maternal and newborn survival by several global philanthropic foundations. “The continent is making remarkable [...]
