Relief for Kenyan Traders as Somalia Reduces Taxes on Miraa
Kenyan traders of the local stimulant, miraa, are thrilled with the news that Somaliland has decreased the tax on the Kenyan version. Previously, the tax on Kenyan produce was three [...]
Flutterwave Recovers Over $50 Million of Frozen Cash in Kenya After Government Withdraws Charges
African online payment service provider, Flutterwave, is set to recover over $50 million in frozen cash following the Kenyan government’s decision to drop charges of financial impropriety. The Asset Recovery [...]
Kenya and Eritrea Agree to Abolish Visa Requirements
Kenya and Eritrea have agreed to permanently scrap visa requirements for their citizens in a bid to catalyse economic transformation between both countries. The announcement was made on Thursday at [...]
Ethiopian Government Puts up Sale of 45% of Ethio Telecom
The Ethiopian government announced on Thursday that it plans to increase the amount of Ethio Telecom, a state-owned monopoly, that will be sold to up to 45 per cent from [...]Oikocredit Invests $5 Million in Yellow to Expand Solar Energy Industry
Yellow, the African fintech startup that provides pay-as-you-go off-grid solar solutions and appliances, announced that it received a $5 million investment from a social impact investor Oikocredit, which will allow [...]Nigeria Supreme Court Suspends Friday Deadline to Swap Banknotes
Nigeria's Supreme Court on Wednesday prevented the government from enforcing a Friday deadline for citizens to swap old banknotes for new ones, as the International Monetary Fund flagged disruptions to [...]Flutterwave Expands into North Africa with New Egypt Payments Licenses
Flutterwave, Africa's leading payments technology company, has announced today that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt. The licenses will enable Flutterwave to act [...]Egypt Headline Inflation Surges to a 5-year High 25.8% in January
Inflation in urban parts of Egypt accelerated to its fastest pace in more than five years as last month’s steep currency devaluation heaped more pressure on consumers in the Middle [...]Ghana Extends Domestic Debt Exchange Deadline to Feb. 10 Due to Technical Issues
Ghana has extended the deadline to register for its domestic debt exchange programme to Feb. 10 due to technical issues encountered by some bondholders during the registration process, according to [...]IMF Approves $87 Million Loan to the Republic of Congo for Budgetary Support
The International Monetary Fund's (IMF) executive board has granted the Republic of Congo $87 million in budget support after conducting a second review of the nation's progress regarding its social, [...]Partech Closes its Second Africa Fund, Partech Africa II at €245 Million
Partech, the worldwide venture capital company with multiple funds, has achieved the initial closing of Partech Africa II with a total of €245 million (~$263 million), setting a new record [...]African AI startup Fastagger Inc. announces funding from CV VC of Crypto Valley, Switzerland
Fastagger Inc, an African AI and Blockchain startup has announced that it has received investment from CV VC, a leading blockchain venture capital firm based in Zug, Switzerland. This marks [...]
