IMF Approves Disbursement of US$ 569 Million to Zambia
The IMF Executive Board completed the third review under the 38-month Extended Credit Facility (ECF) Arrangement for Zambia and approved an augmentation of the arrangement, providing Zambia with immediate access [...]
IMF Approves US$ 900 Million for Tanzania
The IMF Executive Board has completed the third review of the Extended Credit Facility (ECF) for Tanzania, allowing for an immediate disbursement of about US$ 149.4 million for budget support. [...]Paris-Based VC Breega Launches US$ 75Mn Fund for African Investment
Early-stage startups in Africa are set to benefit from investments worth US$ 75 million from Paris-based VC Breega, which aims to make 40 investments from the fund. Reflecting on my [...]Two Rivers International Finance Innovation Centre (TRIFIC) SEZ Secures $47.5mn funding
Two Rivers International Finance Innovation Centre (TRIFIC), the only services-focused Special Economic Zone (SEZ) in Kenya, has announced that it has secured an investment of Kes.6 billion (US$47.5 million) [...]
Kenya Airways Resumes Nairobi-Maputo Direct Flights
Kenya Airways (KQ) has resumed direct flights between Nairobi and Maputo, capital of Mozambique today, with three flights weekly, on Wednesdays, Fridays, and Sundays. Today's launch is a tangible testament [...]BYD, Ampersand Sign Partnership to Ramp Up Electric Motorbike Production
Chinese EV-manufacturer, BYD, will supply advanced-tech batteries to Kigali-based EV line, Ampersand, after the two companies signed an MoU on Tuesday. BYD’s world-leading battery cells and manufacturing scale, combined with [...]Tanzania's Foreign Ministry Launches Twin Towers' Construction in Nairobi
The government of Tanzania has listed one more property in its real estate investment across the world after the country's foreign affairs minister, January Makamba, launched the construction of the [...]Ethiopia Opens Banking Sector to Foreign Investment
The Council of Ministers in Ethiopia has approved two draft proclamations as an integral part of the National Bank of Ethiopia's (NBE) economic reform agenda. “These legislations represent a significant [...]East Africa Budget Day 2024
On Thursday 13th June 2024, East African countries rallied to present their 2024/25 budget statements to their respective parliaments, each with views tailored for their countries. Uganda In Uganda, Finance [...]Nigeria's ThriveAgric Plans Kenyan Expansion with Visa's Support
Global payment platform, Visa, will throw its weight behind Nigerian startup ThriveAgric' as it reveals plans to set up farmer-support hubs in five counties across Kenya. Smallholder farmers are essential [...]Multichoice Reports 9% Decline in Subscribers and Operational Losses
South African firm, Multichoice has released its annual financial report ending March 31st, revealing a loss before tax of US$ 38 million and a 9% decline in active subscribers of [...]African Startups Raise US$ 187 Million in May
The month of May saw a 40% increase in startup funding across Africa compared to April this year, according to the latest figures from Africa: The Big Deal. Since the [...]
