Rwanda Cuts Key Interest Rate by 50 Basis Points to 7.0%
Rwanda’s Central Bank has cut its key interest rateby 50 basis points to 7.0%, after maintaining it unchanged for two consecutive meetings at 7.75%. Risks to the inflation outlook include [...]
European Investment Bank Invests 25Mn Euros into Amethis Fund III
European Investment Bank (EIB Global) has invested €25 million into Amethis Fund III, a pan- African fund providing private equity growth capital to medium sized companies on the continent. “The [...]Safaricom Ethiopia Receives Locally-Made Towers ahead of US$ 1.5 Billion Investment
Telecoms giant Safaricom has announced that it will erect 13 cell towers in Ethiopia its first batch received from Woda metal industry, an Addis Ababa-based tower manufacturer. The quality [...]Google Launches Fibre Optic Cable Connecting Africa with Australia
Google has announced the launch of Umoja, a new fibre optic cable connecting Africa with Australia. In the Umoja launch statement, Brian Quigley, VP, Global Network Infrastructure, Google Cloud, stated [...]
WeWire Joins Bank of Ghana Sandbox to Drive Financial Innovation in Africa
WeWire, a cross-border business payment platform, has been admitted into the Bank of Ghana's (BOG) regulatory and innovation Sandbox program. This program will enable the Ghana-based startup to collaborate with [...]
Ghana Signs MoU to Restructure US$5.4 Billion of Debt
Ghana has signed a memorandum of understanding (MoU) with its bilateral creditors, including China and France, to restructure $5.4 billion of debt. The country concluded a domestic debt restructuring in [...]Zimbabwe Approves Starlink Operations after Months of Regulatory Deadlock
The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has approved satellite internet services offered by Starlink after SpaceX agreed to partner with a public network firm in the country [...]Women Who Build Africa Announces 2nd Annual WWBA Assembly, 5-6 September
Women Who Build Africa (WWBA), a community launched by Gwera Kiwana and Thea Sokolowski in 2022 to convene and support women leaders, investors and builders across Africa, has announced that [...]Equity Group Hosts Capitol Hill Roundtable to Boost Kenya-US Private Sector Partnerships
On the sidelines of the historic U.S.-Kenya State Visit, Equity Group hosted a roundtable discussion in the U.S. Senate. This event brought together high-ranking congressional leaders, government officials, and leaders [...]Microsoft Announces $1 Billion Investment in Kenya’s Digital Ecosystem
US Tech giant Microsoft Corporation, in collaboration with G42, an Emirati artificial intelligence (AI) development company, have announced a $1 billion investment in Kenya's digital ecosystem. Key Highlights 1. State-of-the-Art [...]TowerCo Secures US$30 Million to Build 200 Telecom Sites in Tanzania
TowerCo of Africa (ToA) Tanzania, a subsidiary of Pan-African telecommunications service provider Axian Telecom, has secured $30 million in financing from British International Investment (BII), UK’s development finance institution and [...]Flutterwave Denies Losing Customers' Money Worth 11 Billion Naira
Pan-African payment startup, Flutterwave, has confirmed that there was a security breach in one of its customer platforms but claims no money was stolen after early detection. We can assure [...]
