Japan Pledges $30 Billion in Aid for Development in Africa
Japan pledged $30 billion in aid for development in Africa, saying it wants to work more closely with the continent, with the rules-based international order under threat after Russia's invasion [...]
Ethiopia Set to Sell Eight Sugar Factories in Bid to Improve Local Production
Ethiopia aims to wean local millers off state budgetary support and improve local production by selling eight sugar factories. This week, the government announced Ernst Young LLP will advise on [...]
Walmart Offers to Buy Full Stake in South African Retailer Massmart in $79 Million Deal
U.S retail giant Walmart which owns a majority stake in Massmart, has proposed to acquire the rest of the shares in the company in a deal valued at 1.34 billion [...]Tanzania Companies Granted Exemption on Imported Products that Attract 35% Duty
Tanzanian companies have been granted exemption on imported products that attract 35% duty, barely a month after the EAC Common External Tariff (CET) came into force. In a legal notice [...]British Airways Plans to Temporarily Halt Flights to Nigeria
The oldest Airline with links to Nigeria, British Airways (BA), is on the verge of suspending fight operations in Nigeria following difficulty to repatriate trapped funds in Nigeria. This means that British [...]Call For African Web3 and Fintech Ventures to Pitch Live At The Africa Money DeFi Summit West Africa 2022
Accra, Ghana, August 23, 2022. Applications are open to Pitch Live at the upcoming Africa Money DeFi Summit West Africa edition on September 27th 28th 2022. Ten African [...]Nigeria's Revenue from Non-Oil Exports Hits $2.6 Billion in H1 2022
Nigeria's revenue from non-oil exports hit $2.6 billion in the first half of 2022, the highest since 2018. Data from the Nigerian Export Promotion Council (NEPC) show that this represents [...]Zambia's Inflation Slows Down to 9.8% in August
Zambia’s inflation rate slowed down in August as prices of food fell, according to the nation’s statistics agency. Consumer prices climbed 9.8% from a year earlier, compared with 9.9% in [...]Uganda Seeks to Slash Internet Data Costs by More than Half
The Ugandan government is pushing for lower internet costs to promote the usage of digital financial services across the country in a bid to increase financial inclusion for vulnerable groups. [...]Ethiopia-Djibouti Railway Begins Vehicle Shipment to Addis Ababa
The Chinese-built Ethiopia-Djibouti railway on Thursday started vehicle shipment from ports in Djibouti to Addis Ababa, the Ethiopian capital. The first vehicle shipment arrived at the Indode Freight Station on [...]MTN Rolls Out 5G Network in Nigeria
MTN Nigeria has commenced a test run of the 5G network in six states and the Federal Capital Territory (FCT). This followed the failure of Mafab Communications, the second company [...]Nigeria Seeks $10 Billion to Fund Energy Transition Plan
Nigeria aims to raise an initial $10 billion in funding to implement its energy transition plan ahead of COP27 climate talks later this year, the country’s vice president, as quoted [...]
