Mobile money transaction volume in Kenya drops by 14.5%
The volume of mobile money transactions in Kenya has dropped by 14.5% in the first nine months of this year. This is a sharp contrast to the first nine months…
South Africa Central Bank to keep inflation within range with new interest rate
South Africa's central bank has lowered its interest rate, highlighting the challenging global economic conditions and the level of uncertainty surrounding future prospects, even as the country's inflation rate hit…
Rwandan Central bank to tame inflation with 6.5% interest rate
Rwanda’s central bank kept its key interest rate at 6.5% on Thursday, having cut its main interest rate in its last two decisions of the year.Governor John Rwangombwa told reporters…
JBS to invest $2.5 billion in Nigeria’s meat processing sector
Brazilian meatpacking giant JBS has signed a Memorandum of Understanding (MoU) with the Nigerian government for a $2.5 billion investment plan aimed at boosting Nigeria’s meat processing sector. The deal…
First batch of Tanzanian Avocado lands in China
Tanzania Avocado Pioneer Company, AFRICADO Ltd, have exported the first batch of Tanzanian Avocado to China in a major boost for the country's agriculture sector.Africado certification manager Festus Nkuru told…
Potential economic impacts of Trump’s immigration policy on Africa
President-elect Donald Trump recently reaffirmed plans to declare a national emergency on border security, which could involve using U.S. military forces for a mass deportation of undocumented migrants. This move…
Ghana and South Africa partner for strategic mining development
Ghana’s Minerals Income Investment Fund (MIIF) has signed a Memorandum of Understanding (MoU) with South Africa’s premier mineral research organisation, MINTEK, to collaborate on the development of Ghana’s mining sector.MIIF…
African banks to boost financial connectivity with new Fintech partnership
Today, Minka, a growing fintech company from Colombia, announced joint ventures with banks, financial institutions, and regulators in major African markets. Following the company’s announcement of plans to expand into…
Nigeria, South Africa dominate private market deals in Africa
Nigeria, South Africa, Kenya, Ghana, and Egypt, captured 85% of all private market deals in Q3 2024, according to the latest Stears Private Capital in Africa Report. This dominance highlights…
Sierra Leone to Boost SME Growth with $4 Million from AfDB
The African Development Bank (AfDB) has approved a $4 million trade finance transaction guarantee to support small and medium-sized enterprises (SMEs) and local businesses in Sierra Leone.This AAA-rated guarantee will…
