US President Trump Signs AGOA Extension, Pushes for More Market Access
The United States has extended the African Growth and Opportunity Act (AGOA) trade preference programme to December 31, 2026
Umeme Issues Fresh Profit Warning as Arbitration With Uganda Continues
Umeme has issued a second profit warning in just over three months, confirming it expects to post a full-year loss for 2025 after its 20-year electricity distribution concession in Uganda expired in March. The warning, released on 29 January 2026, follows an earlier interim-based notice and reflects the cessation of operating revenue after Q1 2025. With operations ended, investor focus has shifted to a London arbitration with the Ugandan government over disputed post-concession compensation, including a buyout audited at US$118.4 million (KSh 15.3 billion).
Fitch Ratings Hits Back at Afreximbank With One Last Downgrade
Fitch Ratings has downgraded African Export-Import Bank’s (Afreximbank) long-term issuer credit rating, citing rising restructuring risk and a reassessment of the lender’s policy importance, before subsequently withdrawing all ratingsYogupay Appoints Kevin Ng'ang'a as Chief Commercial Officer
YoguPay has appointed Kevin Kigima Ng’ang’a as Chief Commercial Officer to drive its commercial strategy and scale its cross-border payments infrastructure.African Women-Led Firms Post Growth, Lag in Private Capital
Although female-led startups in Africa are outpacing their male peers in both growth and revenue, women remain underrepresented in senior roles where investment decisions are madeBill Gates, OpenAI Bet US$50mn on AI-Led Healthcare in Africa
US billionaire Bill Gates and OpenAI are committing US$50 million to a multi-year initiative aimed at deploying AI tools across 1,000 clinics by 2028.Libya's Energy Sector is Recovering
Libya’s oil production reached an average of 1.375 million barrels per day (bpd) in 2025 and the government aims to reach 2 million bpd by 2030
Why Afreximbank Ended its Relationship with Fitch Ratings
Afreximbank terminated its credit rating relationship with Fitch Ratings saying the global ratings agency does not understand its structure.Uganda's Mobile Money Restrictions Push Users Into Kenya
Ugandans living in the eastern border district of Busia are crossing into neighboring Kenya to access cash due to the government-imposed restrictions.After Senegal’s Turbulent Triumph, East Africa Prepares for AFCON 2027
Senegal’s dramatic AFCON triumph was overshadowed by controversy, security concerns and accusations of unequal treatment, reigniting debates about fairness and trust in African football. As East Africa prepares to host AFCON 2027 for the first time in decades, the lessons from Senegal’s experience highlight that success will depend not only on infrastructure, but on transparency, equity and credible tournament governance.Exclusive: Inside Kenya Pipeline's KSh 163 Billion IPO
Kenya is preparing to launch the long-awaited Kenya Pipeline Company (KPC) IPO, a KES 100 billion deal expected to reshape the Nairobi Securities Exchange (NSE).
Italian Packaging Firm Guala Closures to Acquire Metal Crowns Kenya
The COMESA Competition Commission has opened a formal inquiry into Guala Closures S.P.A.’s proposed acquisition of 100% of Metal Crowns Limited (Kenya). The review will assess whether the transaction could substantially lessen competition or raise public interest concerns within the COMESA Common Market, where the two firms have limited overlaps in metal crown sales.
