Congo Aims to Secure US Critical Minerals Deal by June
The Democratic Republic of Congo (DRC) is working to finalize a significant minerals deal with the...
WFP warns of Food Aid Cuts for Refugees in Kenya as Funding Dries Up
The United Nations World Food Programme (WFP) on Thursday issued a warning that thousands of refugees...
French Canal+ gets South African approval to acquire MultiChoice
South Africa’s Competition Commission has recommended conditional approval for the proposed acquisition of MultiChoice by French...
Trump’s Proposed 5% Remittance Tax Could Shake Kenya’s Forex Reserves
A new bill in the United States, titled “The One Big Beautiful Bill,” seeks to introduce...
Kenya Secures New US$1.5 Billion Eurobond Deal
Kenya has successfully secured a new Eurobond in a deal arranged by Citi and Standard Bank...
Govt Seeks Ksh 72B Chinese Funding for Major Highway Construction
Treasury Cabinet Secretary John Mbadi has revealed that the Kenyan government is actively seeking a Ksh...
Airtel Africa, Ogilvy Africa Part Ways After 15 Years
WPP Scangroup, the listed marketing services firm, has confirmed the end of the partnership between its...
Dangote-Backed Firm Takes Over Kenya’s Oldest Tour Operator, Eyeing Tourism Boom
Africa Travel Investments, a tourism investment firm supported by Nigerian billionaire Aliko Dangote, has acquired Kenya’s...
Afreximbank Unveils US$ 1 Billion Africa Film Fund
Africa Export-Import Bank (Afreximbank) has unveiled a US$1 billion African Film Fund through its development impact...
Gates Foundation, other Philanthropies Launch $500M Maternal, Newborn Health Fund in Africa
The Gates Foundation, along with a team of other philanthropies, has launched a $500 million initiative...
Kenya’s Inflation Climbs to 4.1% in April
Kenya’s inflation rose to 4.1% in April 2025, according to the latest data by the Kenya...
Perseus Mining proceeds with Tanzania’s Nyanzaga Gold Project
Perseus Mining, an Australian-based mining company, has announced that it will move forward with the development...
Namibian President announces free University Education, Starting in 2026
Namibia’s newly elected president, Netumbo Nandi-Ndaitwah, has announced the country will offer free education in all...
Kenya’s Central Bank Eyes Gold Reserves Amid Record Price Surge
The Central Bank of Kenya (CBK) is actively looking into adding gold to its foreign exchange...
Kenya Poised to Overtake Ethiopia as East Africa’s Largest Economy in 2025, IMF
Kenya is projected to become East Africa’s largest economy this year, surpassing Ethiopia, according to the...
Kenya Seeks New IMF Loan Program, Refutes Disagreements with Lender
Kenya is in talks with the International Monetary Fund (IMF) for a new financing program that...
Major power Outage hits Kenya, KPLC announces restoration
Kenya faced a widespread power outage in the early hours of Wednesday, December 18, 2024, leaving...
AfDB approves $100 million loan for major transport project in Rwanda
The African Development Bank Group (AfDB) on Wednesday approved a $100 million to Rwanda to support...
Egypt’s Wind Energy Project receives $170 Million from AfDB
In a significant development, the African Development Bank (AfDB) has approved a $170 million loan to...
KenGen signs Ksh. 250 million Geothermal Deal with Eswatini
Kenya Electricity Generating Company (KenGen) PLC has secured a Kshs. 250 million geothermal development deal with...
Tanzania to keep its agreements with Adani Group
Tanzania has reaffirmed its commitment to honor its agreements with the Adani Group despite the U.S....
Mali wins $160m in gold mining dispute against Australia’s Resolute Mining
Australia’s Resolute Mining has agreed to pay Mali's government $160 million to resolve a tax dispute....
AMSONS Group gets COMESA’s approval to acquire Bamburi Cement
AMSONS Group, the Tanzanian conglomerate, has been granted regulatory approval from the COMESA competition Commission to...
Moody’s Ratings upgrades Ghana’s ratings to Caa2
Moody’s, one of the leading global rating agencies, on Friday, upgraded the Government of Ghana’s long-term...
Kenya expects to receive funds from the IMF by December
Kenya is on the verge of unlocking a substantial loan from the International Monetary Fund (IMF)...
Kenya asks IMF to review corruption issues after push by Western Nations
The Kenyan government has asked the International Monetary Fund (IMF) to perform an official review of...
Kenya’s Economy slows in the Q2 of 2024
Kenya’s economy grew by 4.6% year-on-year in the second quarter of 2024 compared to 5.6% in...
AfDB invest $10 million in Kenya’s Dhamana Guarantee Company
African Development Bank (AfDB) has made a US$10 million strategic equity investment in Dhamana Guarantee Company,...
IMF and Ethiopia reaches staff-level agreement on the first review of the loan facility
Ethiopia and the International Monetary Fund have reached a staff-level agreement, which would unlock a US$...
African Development Bank approves $134.71 million for DRC and CAR
The African Development Bank, through its concessional finacing African Development Fund, on Thursday announced that it...
Nigeria’s Central Bank Hikes Rates to 27.25%, the fifth rate hike in 2024
Nigeria’s central bank hiked its benchmark lending rate to 27.25% from 26.75% on Tuesday, representing a...
AfDB approves over US$67 million to Madagascar
The African Development Bank Group (AfDB) has approved a loan facility of $67.3 million to help...
World Bank Approves $90 million for Djibouti Regional Economic Corridor
The Djibouti Regional Economic corridor has received a major boost after the World Bank approved US$90...
Uganda Receives $600 Million from the World Bank, French Development Agency
Uganda has received $600 million from the World Bank and French Development Agency (AFD) according to...
China Commits $51 billion to Africa for fresh funding for Infrastructure Projects
China will increase support for Africa with nearly $51 billion in financing for infrastructure initiatives in...
