Agriculture at the Heart of Equity Bank’s Financial Model
The current global economic crisis has led to a sharp increase in food prices and is a stark reminder of the importance of increasing our food production capacity and reducing [...]
Africa’s Venture Capital Funding on track for another record-breaking year, Defying Global Trends
In one of the strongest half-year of private capital activity ever recorded, private capital investment in Africa in the first half of 2022 saw a total deal volume of 338 [...]
Somalia Signs New Cooperation with Ethiopia
Somalia and Ethiopia say they will work together to protect each other’s territories, including requesting the UN Security Council to lift an age-old arms embargo on Mogadishu. At the end [...]
Ghana Begins Talks with Local and Foreign Investors to Speed Up $3 Billion IMF Deal
Ghana has started engaging local and foreign investors to help fast-track negotiations with the International Monetary Fund (IMF) for as much as $3 billion to support its economic program. The [...]South Africa to Transition From Coal in $578 Million Deal with Germany and France
Germany and France are in talks with South Africa’s National Treasury over about 600 million euros ($578 million) to help it transition away from the use of coal. The loans [...]Ghana's Farmerline Raises $1.5 Million in 2nd Close of Pre-Series A Funding
Ghanaian agritech startup Farmerline announced the second close of a Pre-Series A investment raise with an additional $1.5 million investment from Dutch social impact investor Oikocredit. The investment is part [...]World Bank Approves $335 Million for Tanzania
The World Bank approved an additional financing of $335 million to support Tanzania’s efforts to scale up grid extension and grid densification, following the country’s achievement as one of the [...]Nigeria's Central Bank Hikes Interest Rates to 15.5%
Nigeria’s central bank raised its benchmark interest rate from 14% to 15.5%, as it seeks to curb rising inflation. This is the first time the rate has gone over 14% [...]AfDB Partners with Microsoft to Drive Africa's Youth Entrepreneurship
The African Development Bank (AfDB) has inked a deal with Microsoft to teach and finance Africa’s youth entrepreneurs as part of the AfDB Youth Entrepreneurship Investment Banks (YEIB). The bank [...]Angola's Central Bank Cuts Interest Rates to 19.5%, First Time Since 2019
Angola’s central bank monetary policy committee cut its benchmark interest rate to 19.5% from 20%, for the first time since 2019. Governor Jose de Lima Massano says a slowdown in [...]Nairobi-Based IT Firm Helps Firms migrate and operate in the Cloud
The use of cloud technology is on the rise, as businesses are becoming increasingly aware of the multiple benefits cloud computing can have in terms of efficiency and profitability. Rather [...]
Mobile Money Companies in Ethiopia Set to Pay Licence Fees
Mobile money companies in Ethiopia are set to start paying licence fees following the amendment of the National Payment Proclamation, which requires foreign and local fintech operators to pay a [...]
