Kenya to boost digital service for 17,000 citizens
The Kenya Ministry of Information, Communications and Digital Economy says the number of cyberattacks targeting government digital services has reached 1.7 billion threats and continues to rise.Despite the attracts, the…
Mastercard and DTB partner to Transform Digital Payments
Mastercard and Diamond Trust Bank (DTB) have entered into a 10-year partnership to transform digital payments across East Africa, specifically in Kenya, Uganda, and Tanzania. This collaboration aims to bring…
Nigeria exports hair products to Kenya in first AfCFTA transaction
Lucky Fibers, a subsidiary of Tolaram Group, has exported Nigeria’s first African Continental Free Trade Area (AfCFTA) hair to Kenya.Lucky Fiber is a Lagos-based manufacturer of hair products, carpets and…
Ghana to advance digital Inclusion with new 5G network
Ghana has officially launched its 5G network, demonstrating a transformative moment in its journey toward digital advancement. This major milestone was celebrated on November 1, 2024, in Accra, with the…
Trump’s second coming and its implication for Nigeria’s economy
Donald Trump is set to return to the White House as the 47th President of the United States after initially losing his reelection bid as a sitting President back in…
Kenya revives its sugar board to support struggling sector
The government has supported the Kenya Sugar Board by approving Bill 2022 to inject significant energy into the ailing sector. The Ministry of Agriculture and Food assumed this responsibility by…
Long term government securities attract more investors amid soaring inflation
The Central bank of Nigeria says long term government securities are attracting more investors than short term ones. The bank in its second quarter economic report noted a strong preference…
Tanzania to increase food exports after 128% sufficiency rate
Tanzania has achieved 128% food security, enabling it to export agricultural products to neighbouring countries. Tanzania has gained new importance by becoming a rare fruit producer and exporter among African…
Somalia reaches $1.14 billion debt relief agreement with the US
The United States has forgiven $1.14 billion of Somalia’s debt in a bilateral agreement aimed at supporting Somalia's economic stability. The debt forgiveness deal was formalized in Mogadishu on Tuesday,…
Gambia to tackle economic issues with new IMF loan
The International Monetary Fund (IMF) has reached a staff agreement to provide $11.04 million to The Gambia, as approved by the IMF Executive Board.This will bring the total IMF support…
