French Media Giant Canal+ Makes $1.9bn Buyout Offer for MultiChoice
French media company Canal+, a subsidiary of media conglomerate Vivendi SE, has made a new buyout offer fully acquire MultiChoice, in a deal that would value the South African media [...]
Zimbabwe Stock Exchange Begins Trading in New Gold-Backed Currency
The Zimbabwe Stock Exchange (ZSE) has begun trading in the country's new gold-backed currency, after the country's central bank demonetised the Zimbabwean dollar in a raft of monetary policy measures [...]
How Pezesha, MarketForce CEOs Made Peace in Liquidation Dispute
Summary: In August 2023, Pezesha, a digital financial marketplace that provides debt capital to SMEs, filed a liquidation suit against MarketForce, a B2B marketplace, over unpaid debts. In March 2024, [...]
Cross-Border Payments Remain Costly across East Africa-IMF
Sending money between Tanzania and her East African neighbors incurs more than 30% in transactional costs, hindering regional economic growth, according to the IMF. Such bank fees tend to be [...]Female Entrepreneurs to Benefit from Mastercard, Women Choice Partnership
Mastercard and Women Choice have partnered to invest in two programs aimed at eradicating barriers for women owning businesses across Africa and the Middle East. Our expanded partnership with Women [...]Kenya Leads East Africa with US$ 600 Million Worth of Deal Activity in 2023
Kenya led East Africa in deal activity in 2023, with a total of 96 deals worth US$ 600.3 million, followed by Tanzania at 12 deals worth US$ 285 million, and [...]Ethiopia's Stock Exchange Surpasses Capital Target by 240%
Ethiopia's plans to launch a stock market are taking shape, after the Ethiopian Securities Exchange (ESX) announced it had surpassed its capital-raising phase by over 200%. The ESX kicked off [...]Tanzania Hikes Interest Rate to 6 Percent
The Bank of Tanzania (BoT) has raised its central bank rate (CBR) from 5.5 percent to 6 percent, a move its central bank said is aimed at containing the lingering [...]Kenya and Ghana Sign MoUs to Improve Bilateral Relations
Kenya and Ghana will foster trade links and strengthen bilateral ties after President William Ruto signed seven MoUs during a three-day state visit to the West African nation yesterday. This [...]Marriott International Leads in Chains Development with 138 Hotels
The world’s largest hotel chain, Marriott International has the largest number of pipeline hotels and rooms, according to a recent survey conducted by Lagos-based W Hospitality Group, in association with [...]AfDB Sanctions Chinese Firm for Graft in Uganda
The African Development Bank Group (AfDB) has reached a negotiated settlement with China Henan International Cooperation Group over failure to disclose it used a commission agent for a road project [...]Kenya’s Inflation Rate Down to 5.7% in March on Flour, Fuel Price Drop
Kenya’s monthly inflation, as measured by the Consumer Price Index(CPI) fell to 5.7% in March compared to 6.3% in February, the first time it has fallen below 6% in two [...]
