Tourism CS Rebecca Miano Reveals Plans to Review ETA System
The government is planning to extend the period of validity for travellers using the Electronic Travel Authorization (ETA) system, which has been subject of controversy over recent months, the Cabinet [...]
Kenyan Startups Beat Rest of Africa to Raise US$638 mn in 2024
For the second year in a row, startups in Kenya received the bulk of funding in 2024, 88 percent of the total raised in East Africa and more than a [...]National Bank of Ethiopia Maintains Benchmark Rate at Inaugural MPC Meeting
The National Bank of Ethiopia has maintained the country's benchmark rate at 15% citing the need to reduce the still elevated inflation rate and also the importance of anchoring exchange [...]
Africa's Central Banks Adjust Monetary Policies Amid Currency, Inflation Woes
Inflation pressures across Africa exhibited divergence in 2024 with central banks adopting monetary policies tailored to country-specific factors such as fiscal concerns. African countries with moderate inflation including Kenya, South [...]Top Fintech Companies in Africa to Watch in 2025
Fintech companies have been a hot commodity in the African tech scene and for good reason. Fintechs are disrupting the financial and banking services sector, one of the world’s slowest-moving [...]
Allianz to Increase Stake in Sanlam Kenya
Allianz Europe BV, part of the Allianz Group, a global leader in insurance and asset management, has announced its intent to increase its indirect shareholding in Sanlam Kenya Plc from [...]
AfDB’s Partnership Seeks to Improve Management Skills of 200 Staff Members
The African Development Bank (AfDB) will partner with the Project Management Institute (PMI) to indulge 200 of the financial institution’s staff in a training and certification program. This collaboration places [...]AfDB Invests US $30mn in Africa Finance Corporation for Green Share
The African Development Bank (AfDB) has approved $30 million equity investment in the Africa Finance Corporation (AFC) for the rollout of green shares. “Their $30 million commitment highlights the critical [...]Ethiopia's Parliament Approves Entry of Foreign Banks
Ethiopia will allow foreign banks to tap into the country's financial sector by setting up subsidiaries, branches or representative offices. The new proclamation will also allow foreign banks to buy [...]AfDB Approves US $108mn Loan for Zambia
The African Development Bank Group approved a loan of $108 million to Zambia aimed at strengthening the country's economic governance and implement reforms in key public sectors. “This is a [...]Kenyan Accelerator Catalyst Fund Selected for KSh 33mn Climate Initiative
Catalyst Fund, a Kenyan pre-seed accelerator, will receive over KSh 33 million as it joins four other African VCs in the 2025 phase of the Empowering Sustainable Entrepreneurship in Africa [...]How Startups Can Position for Success During the African Tech Ecosystem's Funding Winter
The global funding slowdown has particularly hit African startups hard, with venture funding seeing almost a 40% year-on-year decline when comparing 2023 and 2024, according to Africa: The Big Deal. [...]
