Economic Costs of Servicing Debt are Threatening Development- UNDP
Development in the world’s poorest countries is projected to further lag behind as the cost of servicing debt has risen, the United Nations Development Programme (UNDP) says in a new [...]
European Investment Bank Invests US$ 75mn in Helios
The European Investment Bank (EIB) has announced a $75 million investment in Helios Investors V, L.P. (Helios Fund V). We look forward to supporting them as they invest in market-leading, [...]
For Successful Integration, Africa Needs an Operating System Update
Beyond physical infrastructure, Africa's integration requires modern software upgrades: the systems, policies, and institutional frameworks that power trade across borders, Amadou Hott, one of five shortlisted candidates for the AfDB [...]
54 Collective to Shut Venture Studio, Cut Jobs after MasterCard Foundation Exit
The Africa Founders Ventures (AFV) — which operates as 54 Collective, is set to wind down its venture studio operations, likely resulting in widespread layoffs. Since its inception, the firm’s [...]The Future of Africa's Energy Sector: Balancing Fossil Fuels and Renewables
There’s a promising future for African renewables as the continent strives to balance its current reliance on fossil fuels. That’s the prediction of the African Energy Chamber’s 2025 Outlook Report on [...]
South Africa Moves to Protect Local Media as Google, Meta Face Penalties
South Africa could require tech giants including Google, Meta, Microsoft, X, Tiktok and Open AI to pay a 5-10% digital advertising tariff or levy if they fail to implement proposed [...]Ugandan Legislators Query US$ 190 million Umeme Buyout Loan
Members of the Committee of National Economy have questioned the Ugandan government’s ‘last minute’ request for a US$190 million loan to finance the Umeme buyout. In 2022, the Ugandan government said [...]EAC Experiments with Collective Marketing as it Targets 11 Million Tourists
The East African Community (EAC) will, for the first time, participate as an entity at the International Tourism Bourse (ITB) Berlin, the world’s largest tourism trade fair, from 4th [...]AfDB Shortlists 5 Candidates to Replace President Adesina
The African Development Bank (AfDB) board of governors has cleared 5 candidates to replace current President Dr. Akinwumi A. Adesina who is leaving office in September 2025. “The African Development Bank [...]Business and Conferences Top Reasons Why Ugandans Visit Kenya
Uganda topped East African Community (EAC) nations as a source of visitors to Kenya in 2024, with business and conferences ranking as the most common reason. “The number of international [...]Uganda Waives KSh 334mn in Taxes for Local Companies
Uganda's parliament has approved over USh 9.5 billion (~KSh 334.77 million) in tax waivers for several local investors facing economic headwinds. The waivers include USh 783mn to Busoga University after [...]Kenya Issues Alert over DRC War as USA Sanctions Rwandan Minister
Kenya has issued a security alert to its citizens living and working in the troubled Democratic Republic of Congo (DRC), as the conflict in the vast country escalates amid a [...]
