Ghana's Inflation Rises to 37.2% in September 2022
Ghana’s annual inflation rate accelerated for the 16th straight month to 37.2% in September of 2022, from 33.9% in August. It was the highest reading since July of 2001. Prices [...]
Uganda Gears to Set up First Nuclear Plant in East Africa for $9 Billion
Uganda is seeking potential partners in the coming year to develop East Africa’s first nuclear power plant. The project, expected to cost as much as $9 billion, seeks to boost [...]EPRA Hints at Granting Taifa Gas Licence to Operate in Kenya
The Energy and Petroleum Regulatory Authority (EPRA) has revealed that it is considering giving a licence to Tanzanian firm Taifa Gas Investment to construct a liquefied petroleum gas (LPG) import and storage [...]NALA Money Launches New Feature to Enable Kenyans in Diaspora Pay Bills via MPESA
NALA, a fintech startup that powers quick remittances from the UK and US to Africa, has launched a new feature that allows Kenyans in the diaspora to pay local bills [...]How Pawa IT is Powering African organizations to cloud in partnership with Google
Pawa IT Solutions Ltd is a leading Cloud Computing Tech Company headquartered in Nairobi, Kenya. They focus on Google Cloud Technology and they take pride in innovating and selling Cloud [...]
Ethiopia Rakes in $13 Million from Power Exports to Sudan Djibouti
Ethiopia has, in the last two months of the its fiscal year, earned $13 million from exporting electricity to Sudan and Djibouti. According to Ethiopian Electric Power (EEP), the state power [...]Bloomberg Expands Local TV Coverage In Africa
Bloomberg Television, an American-based pay television network focusing on business and capital market programming, has today announced the expansion of its TV presence in Africa to serve the growing audience [...]OPINION: Tax Dispute Legislation in Kenya and Uganda
The current global economic environment is placing immense pressure on governments’ revenues. Rampant inflation, increasing food and energy prices and disruption to production and distribution are subduing economic activity and [...]
Burundi Lifts Ban on Foreign Exchange Bureaus
Burundi’s falling forex reserves are placing the country in dire straits, needing an urgent reboot of its monetary policy as it also faces high inflation. Recently, the Central Bank rescinded [...]
Pan African Data Startup Stears closes $3.3 million seed Round
Stears, a pan-African financial data and intelligence company, has announced the close of a $3.3 Million seed round which was led by MaC Venture Capital with participation from Serena Ventures, Melo 7 Tech [...]Ghana's Central Bank Raises Interest Rates to 24.5%
Ghana’s central bank has raised its benchmark interest rate to the highest level in more than five years, seeking to curb inflation that’s expected to remain high. The monetary policy [...]Ethiopia Grants Safaricom Mobile Money Licence
The Ethiopian Government has granted Safaricom a mobile money licence, therefore paving way for the telco to introduce its popular M-Pesa service in the country. Safaricom becomes the first foreign [...]
