Gates Foundation Commits $7 Billion to Support Health, Agriculture in Africa
In his first trip to Africa since the COVID-19 pandemic began, Bill Gates has announced the Bill Melinda Gates Foundation would spend more than $7 billion over the next [...]
Kenyan Miraa Exporters Turn to Ethiopia for the Product amid High Costs Locally
Kenyan Miraa exporters have shifted to Ethiopia as a source market for the stimulant, where they are buying nearly half of the allocated quota for the Somali market as high [...]
Rwanda Central Bank Raises Lending Rate to 6.5%
The Rwanda Central Bank has raised its lending rate from 6.0% to 6.5% as it battles a drastic rise in the cost of living. High food prices as well as [...]Nigeria's Inflation Rate Accelerates to 21.1% in October
Nigerian inflation accelerated at a slightly slower pace than economists expected in October, giving the central bank possible scope to slow the pace of interest rate increases. The inflation [...]
IFC Unveils New $225 million VC Fund for Early Stage Tech Startups
The International Finance Corporation (IFC) has unveiled a new $225 million fund to invest in early-stage companies in Africa, Middle East, Central Asia, and Pakistan. The IFC's new fund will [...]Bill Gates Arrives in Kenya
Microsoft Co-Founder Bill Gates will be in Nairobi, Kenya, from today to meet key government officials, private sector players, regional scientists and innovators. The co-chair of the Bill Melinda [...]Shelter Afrique Approves KES 1.6 Billion Loan For Nigeria Housing Projects
Pan-African housing financier Shelter Afrique has approved a KES 1.6 billion loan to a Lagos-based real estate firm for three housing projects. The5-year facility with a moratorium of24months will fund [...]World Bank Appoints Nathan Belete as New Country Director for Malawi, Tanzania, Zambia, Zimbabwe
The World Bank (WB) Group has appointed Mr Nathan Belete as the new country director for Malawi, Tanzania, Zambia, and Zimbabwe. Mr Nathan Belete is an Ethiopian national and a [...]Central Bank of Nigeria Set to Roll out Redesigned Notes in December
Nigeria will start circulating newly redesigned currencies starting December 15, 2022, as President Muhammadu Buhari says there is no going back on the policy. The Central Bank of Nigeria (CBN) [...]Mozambique Makes First LNG Export to Europe
Mozambique has officially started exporting liquefied natural gas (LNG) produced in the country's north which is plagued by jihadist attacks. President Filipe Nyusi made the announcement Sunday (Nov 13). It is [...]Rwanda Cuts 126,000 Tonnes of Carbon Emissions in 9 Years
Rwanda has cut 126,000 tonnes of carbon emissions over the last nine years, owing to strategic climate resilience investments made across the country. This is according to the latest official [...]Uganda Grants Cellulant a Payments Systems Operator Licence
Kenyan-founded digital payments services provider, Cellulant has been granted a licence by the National Bank of Uganda to offer online payment solutions. The firm has been granted a Payments Systems [...]
