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 [...]Air Tanzania to Launch 2nd Flight to China
Five months after national carrier Air Tanzania Company Limited (ATCL) resumed weekly flights to China, the carrier is set to launch a second flight to Beijing. This comes after the [...]IMF Approves $240 Million for Uganda
The International Monetary Fund (IMF) has approved a $240 million three-year loan to Uganda to support a radical public sector reform agenda anchored on fighting corruption, cutting financial waste and [...]Ethiopian Airlines Resumes Flights to War-Torn Tigray after 18 Months
Ethiopian Airlines has announced plans to resume commercial flights to the capital of the war-torn northern region of Tigray, after an 18-months hiatus. The announcement comes a day after a [...]Safaricom Ethiopia Activates its Network in 5 Additional Cities
Safaricom Ethiopia launched its network and services in Hawassa, Assela, Jigjiga, Sodo, and Dilla in December, bringing the country's network footprint to 21 cities. New customers in the cities will [...]Nigeria Seeks Green Light to Restructure Central Bank Debt
Nigeria’s government is seeking lawmakers’ approval to restructure debt owed to the central bank and also to take on an additional loan, which would raise the amount owed to $52 [...]
