Africa Fintech Summit 2023: Unlocking the Potential of Fintech in Africa with Global Collaboration
The Africa Fintech Summit (AFTS) is set to hold its 9th edition in Washington DC, USA, on April 12, 2023. The summit will bring together top regulators, policymakers, financial and [...]
Eskom, South Africa’s Power Utility Receives $13.9 Billion Debt Relief from the Government
Eskom, the South African power utility, has received a debt relief worth 254 billion rands ($13.9 billion) from the government over the next three years. However, this assistance is conditional [...]
EIB and TDB team up to unlock $400m for African businesses affected by trade shocks
Investment by business across Africa most impacted by trade and supply chain challenges will be supported by a new targeted financing initiative backed by the European Investment Bank (EIB) and [...]JP Morgan opens regional office in Nairobi, Kenya
JP Morgan, the largest bank in the United States and the world's sixth-largest bank by total assets, has announced the opening of a regional office in Nairobi, Kenya. Kenya's President [...]Netflix Lowers Monthly Subscription Fees by 37% in Kenya and Sub-Saharan Africa
Netflix has reduced the cost of its monthly subscription fees by 37% in Kenya and Sub-Saharan Africa, effective February 21, 8 am. The aim is to give its customers greater [...]Ecobank Kenya appoints Josephine Anan-Ankomah as new Managing Director
Ecobank Transnational Incorporated (ETI) has announced the appointment of Ghanaian career banker, Mrs. Josephine Anan-Ankomah as the Managing Director, Ecobank Kenya, following approval from the Central Bank of Kenya. Mrs. [...]Navigating Regulatory Licenses: Key to Building a Globally Scalable Fintech Business in Africa
As African economies continue to experience growth, the demand for reliable and efficient payment solutions continues to grow. This has seen a proliferation of technology companies seeking to solve complex [...]Rwanda Raises Key Intrest Rate to a 9-Year High of 7% on High Inflation Rate
Rwanda’s central bank raised interest rates to the highest level since 2014 as it sees inflation remaining in double digits in the first half of the year. The monetary policy committee lifted [...]
IMF Raises Congo's Growth Forecast for 2022 to 8.5%
The International Monetary Fund (IMF), has increased the GDP growth of the Democratic Republic of Congo to 8.5 per cent in 2022 due to a boost in production within the [...]Ghana Inflation Dips to 53.6% in January, First Fall Since May 2021
According to the Ghana Statistical Service, Ghana's inflation rate in January decreased to 53.6 per cent, marking the first decline since May 2021. The rate was 0.5 percentage points lower [...]Nigeria's Inflation Hits 21.8% in January
Nigerian inflation quickened at the fastest pace in almost two decades, adding pressure on businesses and consumers before next week’s presidential election. The inflation rate rose to 21.8% in January [...]MTN to Invest $1 Billion in Ghana after Government Scrapped Tax Claim
MTN Group is set to invest $1 billion in Ghana over the next five years, the mobile operator said on Wednesday, after the government exempted its Ghanaian unit from tax claims [...]
