Fintech Holds the Keys to Overcoming Kenya's Grey Listing
Kenya is a bastion of financial technology innovation, having led the global revolution in mobile money. When news hit the airwaves in February 2024 that Kenya had been ‘grey-listed’ by [...]
Jumia Halts Operations in South Africa and Tunisia
E-commerce retailer, Jumia Technologies, will double down on its operations and solidify its market in Kenya, Egypt, Morocco, and Nigeria to recover lost revenues incurred by its latest exit from [...]
Jamie Dimon Begins Africa Tour as J.P. Morgan Expands into Sub-Saharan Africa
Jamie Dimon, CEO of J.P. Morgan, the world’s largest bank, has officially kicked off his Africa-wide trip following the bank’s recent announcement and approval of Representative Offices in both Nairobi [...]
Australia Appoints VFS Global to Provide Visa Biometrics Collection in Kenya, Sub-Saharan Africa
The department of Home Affairs, Australia has appointed VFS Global to provide biometric collection services for Sub-Saharan Africa, VFS Global said in a statement on Wednesday. This is in addition [...]Uganda Signs SGR Deal with Turkish Firm
The government of Uganda has signed a US$2.95 billion deal with a Turkish company Yapi Merkezi to construct a 272-kilometer section of the Standard Gauge Railway (SGR) on Monday. [...]Ethiopia's Central Bank Imposes New Policy on FX Spreads, Commission Fees
The National Bank of Ethiopia (NBE) has mandated financial institutions in the country to separately include their forex trading spreads in their daily posted rates to enable transparency. “It is [...]Africa Needs $194bn in Additional Financing to Achieve SDGs- UNGA President
Africa will need about $194bn in additional financing annually to achieve the 2030 Agenda for Sustainable Development (SDGs), the United Nations General Assembly President Philémon Yang said in New York on [...]Benin Pledges $2mn to the African Development Bank's Fund
Benin has pledged $2 million to the African Development Fund (ADF), the concessional fund behind the African Development Bank Group (AfDB), joining six other countries that contribute to the regional [...]
ECOWAS Lays Groundwork for 7,000kms African Atlantic Gas Pipeline
The Economic Community of West African States (ECOWAS) has just concluded a regional workshop to lay groundwork for the 7, 000kms African Atlantic Gas Pipeline Project (AAGP). “The African Atlantic [...]Kenya Warns Against Travel to Myanmar as Slavery System Escalates
Kenya's embassy in Bangkok, Thailand, has warned Kenyans for the umpteenth time against travel to Myanmar, which is currently engaged in a prolonged conflict that has created an environment conducive [...]PawaPay Surpasses 1 billion Transactions as Focus Shifts from ‘Big Four’
Digital payments platform, PawaPay, is now ramping up its services in other African countries with a potential for tech adaptability as the company's transaction volume hits 1 billion. “We saw [...]Gov't Budgets KShs. 100mn to Get Kenyans Out of Lebanon
As the conflict in the Middle East escalates, the government has said that it has budgeted KShs. 100mn and planned logistics through the Kenyan Embassy in Kuwait to get citizens [...]
