World Bank: Urgent Reforms Needed to Enable Strong Private Sector-Led Growth in Tanzania
The report shows that Tanzania’s structural transformation has slowed in recent years and the economy has not created enough jobs in higher-productivity sectors.
How DataCenter firm IXAfrica is Positioning Itself in Africa’s Digital Future
Africa continues to witness digital transformation at a very rapid pace as seen with the proliferation of technology in all verticals of the economy from healthcare, agriculture to financial services. [...]Ethiopian Airlines Gets $450mn from Citi for Five Boeing Planes
Ethiopian Airlines, Africa's largest carrier, has announced a USD $450 million loan agreement to finance the acquisition of five new Boeing aircraft. The deal comprises three Boeing 737-8 and two [...]AfDB's Energy Fund to Provide $9.72 mn to Overhaul African Hydropower Systems
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) has approved a $9.72 million grant to scale up the Africa Hydropower Modernisation Programme (AHMP), a one-stop shop that [...]Kenya and EU Sign New Ambitious Trade Deal
Kenya and the European Union (EU) have signed an Economic Partnership Agreement (EPA) to boost bilateral trade in goods, increase investment flows, and contribute to sustainable economic growth. The EU [...]
ATIDI to Underwrite 20MW Solar Project in Uganda
ATIDI (African Trade Investment Development Insurance), has announced its intent to support the 20 MW Ituka West Nile Uganda Ltd solar project developed by AMEA Power, a Dubai-based Independent [...]Tanzania Assigns Afren’s Stake in Tanga Oil Block to Octant
Tanzania’s Minister of Energy, Doto Biteko, has approved the assignment of 74% interest in the Tanga block from Afren Tanzania Ltd. to Octant Energy Tanzania Ltd. (‘Octant’). Afren acquired the [...]IMF and World Bank Grant Historic $4.5 Billion Debt Relief to Somalia
IMF and World Bank have given Somalia approval for debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative, resulting in $4.5 billion in savings for the country. This move [...]Highlights, Big Ideas, and More From the Africa Fintech Summit Lusaka 2023
From November 1st-3rd, fintech stakeholders from Africa and the globe converged in Lusaka, Zambia, for the 10th edition of the Africa Fintech Summit. On the second day of the event, [...]Flutterwave Secures 13 New U.S. Money Transmission Licenses
Flutterwave, a leading payments technology company in Africa, has announced it has successfully obtained money transfer licenses for 13 U.S. states. The company says this move aims to facilitate faster, [...]Shelter Afrique to Develop Islamic Housing Finance Products
Shelter Afrique, a leading Pan-African housing finance institution has announced a collaboration with the Islamic Development Bank Institute (IsDBI) that aims to develop Islamic Housing Finance Products across Africa. Thierno [...]Former Citibank MD Joyce-Ann Wainaina Secures $9 Million Commitment from Mastercard for Chui Ventures
Chui Ventures, a Pan-African Seed fund led by Managing Partner Joyce-Ann Wainaina, has secured a $9 million commitment from the Mastercard Foundation Africa Growth Fund. In a statement, Mastercard said [...]
