Hudson Sandler Appoints Michelle Anekeya Partner Head Of East Africa
Strategic communications consultancy firm Hudson Sandler has appointed Michelle Anekeya as Partner, Head of East Africa. Prior to her appointment, Anekeya was based at Hill+Knowlton Strategies, where she worked for [...]
Zambia Seeks $8.4 Billion Debt Relief after IMF Bailout
Zambia is asking its external creditors to provide debt relief amounting to $8.4 billion for the period 2022-25. Zambia, which defaulted in 2020, is currently in talks with its foreign-currency [...]
Tanzania Freezes Issuance of New Maize Import Permits for Kenyan Traders
Tanzania has frozen the issuance of new maize export permits for Kenyan traders since last week, a move likely to worsen the shortage of the product in Kenya, and drive [...]12 Kenyan Startups Make it for 2nd Cohort of Google for Startups Black Founders Fund for Africa
Google has announced that 60 eligible black-founded startups across Africa have been selected for the second cohort of Google for Startups Black Founders Fund for Africa. The startups joining the program [...]Ethiopia Bans Use of Foreign Currency in Local Deals as it Tightens Control
Ethiopia’s central bank introduced measures including a ban on using foreign currency in local transactions, tightening already rigid money controls. The move comes at a time when the country's foreign [...]South Africa's Economy Shrinks as GDP Contracts 0.7% in Q2
South Africa’s gross domestic product decreased by 0.7% per cent in the second quarter of 2022. Statistics South Africa on Tuesday released the latest GDP figures, highlighting that the country’s [...]Nigeria's Naira Falls to Record Low Against the Dollar as Reserves Fall
The Nigerian naira weakened to a record low against the dollar on Tuesday as the central bank continues to face pressure from dwindling foreign exchange inflows amid falling oil production. [...]South Africa's Gasoline Price Declines to almost Pre-Pandemic Levels Signalling a Decline in Inflation
South Africa’s gasoline price will fall by the most in two years, increasing the chances that inflation may be near a peak. The retail price of 93-octane and 95-octane gasoline [...]Ethiopia Opens Banking Sector to Foreign Players
Ethiopia’s government has decided to open up the country’s banking sector to foreign investors, the prime minister’s office said on Saturday, the latest measure aimed at drawing investment from abroad. [...]Nigeria Govt Taps Binance to Help Build Digital City for Blockchain Businesses
The Nigerian Government has announced a partnership with crypto trading platform Binance to build a digital economic zone that will help promote Fintech businesses while fostering the growth of the local [...]Zambia's Currency Surges to Pre-Pandemic Level on IMF Deal
Zambia’s kwacha is the world’s best performer against the dollar on Thursday after the nation won long-awaited approval for a $1.3 billion bailout from the International Monetary Fund. The IMF announced the [...]Safaricom Continues Phased City-by-City Expansion in Ethiopia
Safaricom Ethiopia has expanded the large-scale customer pilot of its network in Ethiopia, switching on its network and services in the Harari region. This announcement comes two days after the [...]
