In a bold move that underscores its dedication to the burgeoning technology landscape of Africa, Japanese telecommunications powerhouse NTT (Nippon Telegraph and Telephone Corporation) has solidified its position in the continent’s investment strategy. This strategic advancement arrives amid a wave of substantial investments by global tech leaders in Africa’s technology sector, a trend projected to […]
The Ministry of Finance in Ghana has taken a significant step towards enhancing the nation’s financial stability by successfully initiating the settlement of the first coupon payment for bonds affected by the Domestic Debt Exchange Program (DDEP). This move underscores the government’s commitment to maintaining the ongoing success and credibility of Ghana’s domestic debt activities. […]
Airtel Uganda, a leading telecommunications company in the country, is preparing to initiate an Initial Public Offering (IPO) in which it will offer 20 percent of its issued shares, amounting to a total of eight billion units. The IPO is scheduled to take place between the end of this month and early October, signaling a […]
In a groundbreaking move aimed at bolstering sustainable development and combatting climate change, the Government of Zimbabwe has introduced the Carbon Credits Trading General Regulations 2023. This new initiative places Zimbabwe at the forefront of carbon credit trading in the region, showcasing its commitment to environmental stewardship and innovative climate solutions. The move follows a […]
Growthpoint, the nation’s largest property company, has unveiled plans to invest 1.2 billion rand (approximately $63 million) into the student housing sector by 2026. This move aims to counterbalance challenges faced in other real estate segments. A substantial shortage of up to 500,000 beds within South Africa’s formal student housing sector, highlighted in a 2021 […]
In a significant move highlighting the growing convergence of technology and finance, MTN Group, the largest mobile network operator in Africa, has announced a game-changing financial development. The telecommunications giant has unveiled its half-year financial performance, which includes a groundbreaking partnership with global payment behemoth Mastercard. This strategic collaboration sees Mastercard acquiring a minority stake […]
Founders Factory Africa, the pan-African powerhouse specializing in early-stage tech venture investments, has secured a substantial boost of $114 million in funding. This fresh injection of capital aims to fuel the expansion of its pioneering hybrid investment approach, spanning across the African continent. The move comes as a significant development in the realm of African […]
In a strategic move to bolster industrial development and attract investment, the Industrial Development Authority (IDA) has proudly announced the launch of the fifth phase of its electronic map for industrial investment. Encompassing an expansive area of 1.7 million square meters distributed across 14 governorates, this milestone underscores IDA’s commitment to fostering economic growth and […]
Airtel Uganda, a subsidiary of mobile operator Airtel Africa, has announced its plans to join the ranks of publicly listed companies by making its debut on the Ugandan Securities Exchange (USE). Following in the footsteps of MTN Uganda, the country’s largest telecommunications provider, which recently marked its first year as a publicly traded entity, Airtel […]
Safaricom Ethiopia, the pioneering private telecom operator in the nation, has achieved remarkable progress since its inception in August 2022. The company recently marked significant achievements, including the expansion of its network, the launch of vital services, and the formation of strategic partnerships aimed at transforming Ethiopia’s telecommunications landscape. In a groundbreaking move, Safaricom Ethiopia […]
After a day of heated exchanges in Parliament over stalled constituency funding, Treasury Cabinet Secretary John Mbadi announced on April...
The World Trade Organization (WTO) has dramatically revised its forecast for global merchandise trade in 2025, predicting a 0.2% decline...
The African Export-Import Bank (Afreximbank), in partnership with Egypt’s Ministry of Planning, Economic Development and International Cooperation (MoPEDIC) and the...
After the dramatic collapse of CBEX—a trading platform that left thousands of Kenyans unable to withdraw their funds—the Capital Markets...