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 [...]
ExxonMobil Acquires Exploration Rights in Egypt's Nile Delta
ExxonMobil said on Wednesday it secured exploration rights to two blocks, Masry and Cairo, offshore Egypt. The blocks are located in the outer Nile Delta and cover more than 11,000 [...]Ghana’s Inflation Hits a 22-Year High of 54.1%
Ghana's consumer inflation rose to 54.1% year-on-year in December, up from 50.3% the previous month and its highest level in 22 years, driven by fuel, utilities and food, the statistics [...]Kenya and Tanzania Resolve Trade Barriers
Kenya and Tanzania have taken down 23 restrictive trade barriers that had put a strain on business transactions between the two East African countries following President Samia Suluhu Hassan’s Nairobi [...]
Sama, Facebook's Ethical' Outsourcing Partner Resigns from Content Moderation Work
Facebook's largest content moderation provider in Africa announced on Tuesday that it would halt its work for the social media giant nearly a year after a TIME investigation at its [...]Catalyst Fund Announces $2 Million Investment into 10 African Startups
Today pre-seed venture capital (VC) fund and accelerator Catalyst Fund announced a $2 million investment into ten startups building solutions to improve the resilience of climate-vulnerable communities in Africa. This [...]Nigeria Limits Cash Withdrawals to $44 for Every Individual Per Week
Nigeria has officially restricted large cash withdrawals from banks beginning Monday, January 9th, to reduce inflation. The citizens will be limited to withdrawing 44 dollars per week per individual and [...]Nigeria Looks into Banning Cash Withdrawals From Government Accounts
Nigeria will ban cash withdrawals from government accounts from March 1 to tackle illicit activity and push toward a cashless economy. About 1.1 trillion naira ($2.4 billion) has been taken [...]Ghana's Business Activity Inches Higher in December on IMF Deal
A downswing in business activity in Ghana may be softening after a staff-level funding agreement with the International Monetary Fund caused the cedi to rally, easing price pressures that have [...]Africa Tech Summit 2023 Returns To Nairobi For Fifth Edition In February
Africa Tech Summit, the leading tech conference focused on connecting businesses and driving investments within Africa’s tech ecosystem, will host its fifth edition on the 15th to 16th of February [...]
How Jack Dorsey’s Block Inc is Democratizing access to bitcoin mining in Africa
For the last three years, Africa has been one of the fastest-growing markets for cryptocurrency adoption in the world. The continent accounts for world’s highest proportion (80%) of crypto retail [...]Gridless Aims to Help Africa’s Energy Producers Utilize Excess Energy for Bitcoin Mining, Boosting Economic Growth and Sustainability
On the sidelines of the Africa Bitcoin Conference in Accra Ghana early December 2022, Gridless, an East African based bitcoin mining company helping to bring new energy generation to rural [...]
