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…
Bitcoin surges to new all-time high above $97,000
Bitcoin surpassed $95,000 for the first time Wednesday evening as investors continue to price in a second term for Donald Trump. The price of theflagship cryptocurrency recently rose more than…
South Africa inflation rate drops to lowest in four years
South Africa's inflation rate has declined to the lowest figure for the first time in four years, the best number the country has posed since the Covid outbreak.The country's statistics…
Influx of fake electronics affecting businesses in Africa – CBi Report
A new report by CBi-electric, says Africa’s weak intellectual property laws have led to a $250 billion growth in the counterfeit electronics industry.CBi-Electric is a South African small electrical equipment…
Zimbabwe and Zambia partner to increase energy investment as drought dries up dams
Zimbabwe and Zambia have convened the inaugural Zimbabwe-Zambia Energy Projects Summit in Victoria Falls to address their ongoing energy crisis and attract investment in renewable energy. Both nations, heavily reliant…
Angola pegs interest rate at 19.5% as inflation declines
Angola’s central bank kept interest rates at 19.5% for a third time on Tuesday, citing a possible slowdown in overall inflation.Angola’s central bank raised its key interest rate by 50…
Botswana’s new leader to revitalise economy with Cannabis and Solar Energy
Botswana’s newly elected President, Duma Boko, has announced plans to diversify the country's diamond-reliant economy by venturing into medicinal cannabis cultivation and also harnessing its abundant solar energy potential. Boko…
Ghana clamps down on private pension funds
The Ghanian government is clamping down heavily on private pension funds operators who want to invest in offshore assets amid concerns that such investments could heap more pressure on the…
Uganda announces plans to join Russia’s nuclear expansion in Africa
Uganda has recently announced its intention to join the growing list of African countries exploring nuclear energy partnerships with Russia. The East African country is looking to negotiate a deal…
UK calls for more action to curb harmful business practices
The United Kingdom has urged the Nigerian government to address harmful business practices that hinder trade and investment, specifically those involving state-owned enterprises. This request was made in Geneva during…
