Algeria targets large scale Green Hydrogen Project with new deal
Algeria and four European companies have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen.The agreement, involving Algeria’s state-owned energy giants Sonatrach and Sonelgaz, brings together…
Safaricom expands operations with new Ethiopia mobile money service
Safaricom has expanded its money transfer service, M-PESA Global, to Ethiopia, allowing M-PESA Kenya customers to send mobile money to M-PESA Ethiopia using the M-PESA Global Money Transfer Response.This expansion…
World Bank cuts Sub-Sahara Africa growth forecast to 3%
The World Bank has reduced Sub-Saharan Africa's 2024 economic growth forecast to 3%. The cut was mainly due to the destruction of Sudan’s economy in a civil war.The world bank…
UAE Eyes Partnership with Nigerian Startups at GITEX
The United Arab Emirates (UAE) has expressed interest in partnering with Nigeria to support the development of its tech startup ecosystem. Khalfan Belhoul, Chief Executive of the Dubai Future Foundation,…
Kenya, Italy to revive space centre, partner on satellite launch
Kenya and Italy will restart the Luigi Broglio Space Centre in Malindi to launch Earth observation satellites, Italian Industry Minister Adolfo Urso said at a press conference on Sunday.The centre,…
Egypt to boost economic ties with Romania, focus on Energy and investment
Romania and Egypt are strengthening their economic ties, focusing on energy cooperation, investments, and boosting trade. This development was formalized during the 4th session of the Romanian-Egyptian Joint Committee for…
Rwanda’s capital market joins IOSCO investor week to promote technology and sustainable finance
The Capital Markets Authority of Rwanda (CMA) is joining the International Organization of Securities Commissions (IOSCO) in World Investors Week (WIW). The international event aims to raise awareness of the…
Ethiopia Telecom 10% to be listed on Ethiopian Stock Exchange
Ethiopian Telecom will become the first company to be listed on the Ethiopian Stock Exchange (ESX) when the country's new stock exchange opens next week.The establishment of state enterprises in…
Benin, Ghana, and Togo launch ECOWAS free roaming initiative
Three West African nations—Benin, Ghana, and Togo—have officially launched a free roaming initiative under the Economic Community of West African States (ECOWAS) roaming framework. This initiative enables mobile users in…
Kenyan investors buy more treasury bonds following rate cuts
Investors' demand for Treasury bonds increased every week, reaching a record level in 2024.Demand for short-term 91-day notes remains weak as investors continue to weigh long-term risks, but changes to…
