Zambia Signs $2 Billion Solar Power Development Agreement
Zambia's president Hakainde Hichilema announced the signing of an agreement with the United Arab Emirate's government-owned renewable energy company, Masdar, to develop a $ 2 billion solar power. The partnership [...]
DR Congo Awards 3 Licences for Lake Kivu Natural Gas Blocks
The Democratic Republic of Congo has awarded licenses for three natural gas blocks in Lake Kivu to Renewable Energy Developments (a subsidiary of United States-based Symbion Power), Winds Exploration and [...]Central Bank of Somalia to Issue New Banknotes in 2023
The Central Bank of Somalia has announced plans to replace its bank notes, becoming the 3rd country to replace old bank notes after Kenya in 2019 and Nigeria in December [...]Final Call for Startups to Apply to Pitch Live at Africa Tech Summit Nairobi 2023
The final deadline for tech startups across Africa to apply for the fifth edition of Pitch Live at Africa Tech Summit Nairobi is coming quickly with applications closing, Friday 20th [...]
Ghana Approves Sale of 70% Stake in Vodafone Ghana to Telecel Group
Ghana has granted Vodafone International Holdings approval to sell its 70% stake in Vodafone Ghana to Telecel Group, the country's telecoms regulator said on Monday. The National Communications Authority (NCA) approved [...]
Nigeria's inflation Drops Slightly to 21.34% in December 2022
Annual inflation in Nigeria dipped in December to 21.34% after 10 straight monthly increases. The statistics bureau said on Monday, ahead of a central bank meeting to set interest rates [...]Ghana Extends Domestic Debt Exchange Deadline for the Third Time
Ghana has extended the registration deadline for a domestic debt exchange programme to Jan. 31. The extension affords Government of Ghana the opportunity to consider suggestions made by all Stakeholders [...]Ethio Telecom Records a 20% Rise in Revenue to $ 633 Million in H1
Ethiopia's state-owned Ethio Telecom on Thursday reported a 20% rise in half-year revenue to 33.8 billion birr ($633 million). Subscribers to its mobile phone-based financial service Telebirr, launched in May [...]Zambia Eyes Fuels Imports from Angola in a Bid to Lower Pump Prices
Zambia plans to import fuel from its oil-producing neighbour Angola in the government’s push to lower pump prices and stem supply shocks. It makes no sense to import fuel from [...]Centum Exits Buyout Deal with Access Bank
Centum Investment Company PLC has abandoned a buyout deal with Nigerian lender Access Bank. In a statement on Thursday, January 12, 2022, the investment company CEO James Mworia said that [...]OPEC Fund Approves Loan of $500 Million for Global Challenges in Africa
The most recent meeting of the Board of Directors of the Opec Fund for International Development (OFID) ended with a series of financing approvals to support the development of various [...]Ghana Offers 2% Cash Return for Domestic Debt Investors
Ghana's finance ministry said in a document released on Wednesday that Ghana is paying holders of its 2023 bond a 2% cash fee for participation in exchange for longer-term domestic [...]
