AfDB, USAID, Sign $600mn Deal for the Sahel Region
The African Development Bank (AfDB) and the United States Agency for International Development (USAID) have signed a development agreement to strengthen social and economic development in the Sahel. “This agreement [...]
AfDB Invests US$10mn in Kenyan Company Dhamana Guarantee
The African Development Bank Group (AfDB) has made a $10mn equity investment in Dhamana Guarantee, a Kenyan enterprise that provides guarantees to support sustainable growth enterprises. Dhamana will demonstrate the [...]
Zimbabwe’s Gold-Backed ZiG Extends Losses after Devaluation
In a significant policy shift, Zimbabwe’s Central bank allowed its gold-backed currency to fall about 43% against the dollar on Friday after weeks of sustained pressures on the currency. The [...]
Centum Lays Groundwork for Francophone Africa
Centum Investment Company PLC (Ticker: CTUM) has signed a deal with HR firm ITM Holdings, that allows for ITM toexpand into Kenya’s rapidly growing Business Process Outsourcing (BPO) sector, while [...]In Defence of Leapfrogging
Regardless of the sector you look at, you will find compelling debates, essays and arguments that spell out why Africa cannot leapfrog, should not leapfrog, and is wasting time by [...]
What Happens When a Startup Collapses?
Startups are precarious enterprises because they rely on equity funds and debts sourced from hawk-eyed investors. While many ideas are brilliant, implementing them remains a pipe dream. Either because they [...]Equatorial Guinea Begins New Oil and Gas Chapter After ExxonMobile Exit
By Antonio Oburu Ondo, Minister of Hydrocarbons and Mineral Development, Equatorial Guinea ExxonMobil has concluded its operations in Equatorial Guinea after almost three decades, fulfilling its intention, stated in 2022, [...]Uganda Prepares to be Africa's Next Major Energy Player
Uganda is set to start pumping oil in 2025, after two decades of prospecting, investing, and construction. Uganda plans to transport its oil to other markets through the 1, 443kms [...]UAE Diplomat's Residence Attacked in Sudan
The United Arab Emirates (UAE) has condemned an attack on its diplomat's residence in Khartoum, after a Sudanese army aircraft attacked the building in what Abu Dhabi termed a cowardly [...]AfDB to Provide $160mn to Angola for Budget Support
The African Development Bank (AfDB) will provide $160mn to help Angola plug budget holes over the next year, with a second tranche scheduled for 2025, the multilateral institution said in [...]Libya to Resume Oil Exports after Resolving Central Bank Crisis
The United Nations Support Mission in Libya (UNSMIL) announced a consensual appointment of the Central Bank of Libya (CBL) acting governor, deputy governor and the Board of Directors. Last month, [...]Tanzania's Central Bank Tightens Regulations on Digital Lenders
The Bank of Tanzania (BoT) has published regulations to protect borrowers from abusive digital lending practices of tier-2 microfinance institutions, as well as improving transparency in the sector. A microfinance [...]
