Kenya's Exports to Tanzania Rise by 46% in H1 2022
Kenya’s exports to Tanzania grew the sharpest among all East Africa Community (EAC) markets in the six months to June 2022. Kenya’s exports to Tanzania jumped the highest by 46% [...]
Shelter Afrique Approves $18.5 Million Loan for DRC
Pan-African housing financier, Shelter Afrique has approved an $18.5 million corporate loan to a Democratic Republic of Congo-based developer (Maison Super Development (MSD)) for three housing projects. The five-year facility [...]Ghana's Eurobonds Extend Decline Amid Debt Restructuring Plans
Ghana’s 2026 eurobonds declined 2.5% to 59.30 cents on the dollar on Tuesday, a record low. The debt has fallen 35% this year, sending the yield as high as 27.58%. [...]
Barclays Expands Private Banking Operations in Africa, Targetting $ 2 Trillion Market
Barclays Plcis expanding private-banking services in Africa, looking to target the continent’s $2 trillion high-net-worth market. The British lender has hired nine bankers fromCredit Suisse Group AGbased in mainly Dubai, [...]Cellulant Partners with Orange Money for Wallet Transfers in Botswana
Cellulant has partnered with Orange Money, the mobile money service of Orange, to enable card-to-wallet transfers for 8 banks in Botswana. The Orange Money Card-To-Wallet service will enable customers to [...]Vodacom Rolls Out 5G Network in Tanzania
Tanzania’s leading telecom operator by subscriptions, Vodacom has launched the country’s first 5G technology. The roll out will start with the establishment of over 200 5G sites in several sites [...]Ghana's mPharma Acquires Majority Stake in Nigeria's HealthPlus
Ghana’s healthcare startup, mPharma has acquired the majority stake in HealthPlus, the leading pharmacy chain in Nigeria. While firm plans to continue to keep and strengthen HealthPlus as Nigeria’s leading [...]Nigeria's Inflation Rises to 20.5% in August
Nigeria's Inflation hit a 17-year high of 20.5% in August, the seventh consecutive rise of the year that follows July’s 19.6%. That’s the highest level since September 2005 and is [...]Ghana's Inflation Rises to 33.9% in August
Ghana’s inflation rate climbed to the highest level in 21 years, and for the 15th straight month to 33.9% in August of 2022, from 31.7% in July. That’s the fastest [...]IMF Approves $31.9 Million for Madagascar
The International Monetary Fund (IMF) has approved the immediate disbursement of $31.9 million to Madagascar to cover the island nation’s external and fiscal financing needs. The approval comes after the [...]KenGen Finally Embarks on Drilling Geothermal Wells in Djibouti
The Kenya Electricity Generating Company (KenGen) has finally embarked on geothermal drilling in Djibouti, after close to one year of studies and exploration. Under the KES 0.7 Billion project, the [...]AGRA Unveils $550 Million Fund for Africa's Food Security
The Alliance for a Green Revolution in Africa (Agra) has unveiled a catalytic fund of $550 million for the next five years, seeking to boost efforts to improve food security [...]
