Afreximbank Launches US$3 Billion Revolving Fund to Boost Intra-African Oil Imports
The African Export-Import Bank (Afreximbank) has launched a US$3 Billion Revolving Intra-African Oil Trade Financing Programme to finance the purchase of refined petroleum products by African and Caribbean oil buyers. [...]
Comesa Issues Alert After Mercedes-Benz SA Recalls Luxury GLE (167) Model
The Comesa Competition Commission is cautioning buyers over Mercedes-Benz Model GLE (167) vehicle, which has been recalled by Mercedes-Benz South Africa. The NCC media statement further indicated that the vehicles may have [...]
Ethio Telecom Raises Just 10% of Target in Historic IPO
Ethio Telecom's historic IPO has opened up the country's telecom sector to private ownership but falls short of fundraising targets. Why the Modest Uptake? While the IPO's immediate financial outcome [...]
Uganda Declares End to Second Ebola Outbreak in Three Years
Uganda has declared the end of an Ebola outbreak in the capital Kampala, less than three months after the virus was confirmed. “This outbreak challenged us in new ways. It [...]Regulatory Bottlenecks are Slowing Private Equity and Venture Capital in Africa
Africa is a continent of boundless potential tethered by systemic constraints. Its youthful demographic, surging digital economies, and vast untapped sectors like healthcare and agriculture beckon private equity (PE) and [...]Sanctioned Kenyan Businessman Kamlesh Pattni Inks Gold Refinery Pact with Niger's Government
Niger’s military‐led government has signed a joint‐venture deal with Dubai’s Suvarna Royal Gold Trading LLC, a firm controlled by controversial Kenyan businessman Kamlesh Pattni to build the West African nation’s [...]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 [...]
