Investing in Agriculture in Africa Has an Information Problem
Agriculture employs the most people in Africa and contributes 30—40% of gross domestic product. Its apparent importance notwithstanding, the practice of and investments in agriculture in Africa suffer the most [...]
Nigeria Raises US$2.2 Bn as Eurobond Oversubscribed by 300%
Nigeria has raised US$2.2 billion in its latest Eurobond auction, attracting over 300% in demand to finance its growing fiscal deficit, amid renewed investor confidence. “The transaction attracted a peak [...]
The Fierce Urgency of African Energy Banks
The AEC is calling upon African states and the private sector to fund the African Energy Bank, an institution which is focused on funding African energy projects. For more than [...]
Safaricom Ethiopia Decries Unfair Competition'
Top executives of Safaricom Ethiopia told Ethiopian law makers over a week ago that they were unhappy about monopolistic' practices of their competitor, Ethio Telecom; requesting the government to equalize [...]Bamburi Cement Owner Holcim Sells Nigerian Unit for US $1bn
Holcim AG, a Swiss building materials company and the majority shareholder in Bamburi Cement, has signed an agreement to sell its entire Nigerian business to Chinese firm Huaxin Cement for [...]INTERPOL Arrests Kenyans Involved in KSh 1.1bn Credit Card Fraud
More than 20 Kenyans have been arrested after a two-month sting operation conducted by the INTERPOL and AFRIPOL to thwart 134,089 cybercrime networks, in which the two transnational law enforcement [...]KenGen signs KSh 250mn Geothermal Deal with Eswatini
Listed energy firm KenGen will conduct geoscientific studies in three regions of Eswatini to determine the feasibility of developing a geothermal power plant in the country, after signing a KSh [...]E-commerce Sales Up 83% as Consumers take Advantage of ‘Black Friday’
The decision by online merchants to extend the sales period for discounted items from ‘Black Friday’ to ‘Black Friday week’ inclusive of Cyber Monday led to the surge [...]Kenya's Mawingu Acquires Arusha-based Internet Service Provider Habari for KSh. 1.9bn
Mawingu Networks, a Kenyan Internet Service Provider (ISP) has acquired Habari, an Arusha-based ISP, for KSh 1.9bn. “This acquisition, along with an additional $15 million of financing, will enable Mawingu [...]Makini Group of Schools' Owner ADvTECH Acquires Ethiopian School for $7.5mn
Makini School’s owner ADvTECH has concluded a $7.5 million agreement to acquire 100% interest in Ethiopia’s Flipper International School. “As Addis Ababa experiences rapid urbanization, the demand for high-quality education [...]Zimbabwe’s Inflation Slows amid Interest Rate Hike, Currency Devaluation
Zimbabwe’s monthly consumer inflation eased significantly to 11.7% in November, from 37.2% in October the first decrease in 4 months. In September the month on month consumer inflation stood [...]Zimbabwe Pledges to Increase Healthcare Budget from Domestic Sources
Harare has committed to increase financing to healthcare through different existing and future policies including a sugar tax, a health levy, and a National Health Insurance. We will have periodical [...]
