Ghana may soon pivot to sourcing petroleum products from Nigeria’s Dangote Oil Refinery, as the facility nears full operational capacity. This shift could significantly impact Ghana’s energy landscape, helping to reduce the nation’s $400 million monthly fuel import bill and enhancing economic collaboration within West Africa. This potential development was revealed by Mustapha Abdul-Hamid, Chairman […]
M-KOPA, a digital financial services company based in Kenya, has marked a milestone by reaching over 5 million customers in the country, according to its 2024 Impact Report. Since its founding in 2011 by Nick Hughes, Chad Larson, and Jesse Moore, M-KOPA has been on a mission to expand financial access to underserved populations. Through […]
India’s appeal as a trade and investment destination has grown rapidly, especially among European companies looking to diversify amidst a shifting global economic landscape. Leading the charge are Swiss companies like ABB and Kuehne+Nagel, with India’s rapidly expanding economy and evolving regulatory environment promising new opportunities. The recent $100 billion Trade and Economic Partnership Agreement […]
Tanzania, Africa’s fourth-largest producer and the world’s eighth-largest grower of cashew nuts, has taken a significant step in transforming its cashew trade by launching the sale of this prized commodity on its newly established Tanzania Mercantile Exchange (TMX). This development has sparked optimism among farmers, traders, and policymakers, as the TMX promises to bring efficiency, […]
Kenya’s high court has temporarily halted a $736 million agreement between the Kenya Electricity Transmission Company (KETRACO) and Adani Energy Solutions, a subsidiary of the Adani Group. The project, announced in early October, aimed to enhance Kenya’s power infrastructure through the construction and management of transmission lines, potentially improving electricity reliability and supporting economic growth. […]
Overview of HKSTP’s Strategic Expansion into the Middle East The Hong Kong Science and Technology Parks Corporation (HKSTP) is spearheading a significant move to strengthen ties with the Middle East by leading a delegation of 25 tech companies to the Future Investment Initiative Institute’s 8th Edition (FII8) in Riyadh, Saudi Arabia. This unprecedented delegation, which […]
As Africa seeks to capitalize on its vast fossil fuel resources, a groundbreaking £19 billion gas pipeline project is underway to extend 4,350 miles from Nigeria to Morocco, traversing 13 countries along the Atlantic coast. This ambitious project reflects the continent’s growing focus on expanding its energy infrastructure to harness untapped resources and stimulate economic […]
Kenya’s digital economy is projected to add KSH 662 billion to its GDP by 2028, according to the latest GSMA report, Driving Digital Transformation of the Economy in Kenya. This growth, propelled by progressive policy reforms, is expected to foster digitalisation in sectors such as agriculture, manufacturing, transport, and trade. The report also anticipates the […]
Tokyo—For the first time in five months, core inflation in Japan’s capital city of Tokyo fell below the Bank of Japan’s (BOJ) 2% target, raising concerns about the central bank’s ability to justify further interest rate hikes. The Tokyo core consumer price index (CPI), which excludes volatile fresh food costs, rose by 1.8% in October […]
The financial landscape in South Africa is set to undergo a significant transformation, with major changes in the country’s interbank lending rates. One of the key shifts involves the Johannesburg Interbank Average Rate (JIBAR), which has long served as a benchmark for unsecured interbank lending but will be phased out by 2026. This transition will […]
Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit...
The United States labor market delivered a robust performance in June, with job growth surpassing economists' forecasts and the unemployment...
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone...
The vibrant city of Nairobi is currently hosting a pivotal event poised to redefine Africa's investment landscape: the inaugural NextFrontierAfrica...
