2024-04-27 08:37
Africa Fertiliser Financing Mechanism will avail 8000 tons of fertiliser.
5.533 million Kenyan farmers are registered for the government’s subsidised fertiliser programme.
African Deve… Read More
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News analysis and comment from the The Exchange, Africa's leading business publication.
2024-04-27 03:00
Kenya’s high-interest rates hit 13 per cent in the last review by the Central Bank of Kenya.
Since mid-2023, however, the World Bank’s index of commodity prices has remained esse… Read More
2024-04-26 12:22
Kenya-Ethiopia trade relations have been on the rise in the past 27 years, with Kenya having the upper hand.
Ethiopia, on the other hand, recorded an increase at an annualised rate of… Read More
2024-04-26 11:56
There is a debt crisis in Africa as countries struggle to repay international loans.
According to the World Bank, nine African countries entered 2024 in debt distress, with another 15… Read More
2024-04-25 13:33
Over 300 startups are converging in Abu Dhabi between May 7th and 9th for three days of innovation, collaboration, and transformative dialogue.
Key topics on the agenda include the rise of s… Read More
2024-04-25 11:31
TLcom Capital has raised $154 million in its second Fund, TIDE Africa II
With this second fund, TLcom Capital maintains its early-stage, multi-sector focus and expands its mandate beyo… Read More
2024-04-25 09:59
AfDB asks policymakers to put in place an orderly and predictable way of dealing with Africa’s $824Bn debt pile.
According to AfDB, Africa’s ballooning external debt reached $824… Read More
2024-04-25 09:41
South Korea-based LB Investment, which has $1.2 trillion Assets Under Management (AUM) as of 2023, has announced its participation in the 2024 AIM Congress.
The firm will showcase a diverse… Read More
2024-04-24 13:49
Meg Whitman, US Ambassador to Kenya, highlights key investment opportunities in Kenya, particularly in the creative industry and clean energy.
She noted that Kenya has the potential to becom… Read More
2024-04-24 13:09
UN faults UK-Rwanda asylum treaty citing concerns on potentially harmful impact on global responsibility-sharing, human rights, and refugee protection.
Spearheaded by Prime Minister Rishi Su… Read More
2024-04-24 10:11
Namibia’s Mopane field could hold up to 10 billion barrels of oil, Galp announces.
Tests on Mopane-1X well in January and the Mopane-2X well in March gave highly promising findings.
Ex… Read More
2024-04-23 10:23
Chronic instability plagues the existing power grids, worsened by the pressing need to connect growing populations.
The advent of renewable energy sources introduces new complexities, consid… Read More
2024-04-23 07:44
Energy experts warn that the shortages that plague Africa’s electricity access in 2024 will have a significant drain on the continent’s economic growth.
World Bank will connect 3… Read More
2024-04-22 13:54
Leading the lineup of this year’s Annual Investment Meeting (AIM) keynote speakers is H.E. Ahmed Aboul Gheit, the Secretary General of the League of Arab States.
Her Majesty Tirelo Mol… Read More
2024-04-22 11:25
South Africa’s Strategic Fuel Fund (SSF) operates Block B2 in South Sudan in collaboration with Nilepet.
The company has just completed a major phase of its oil and gas exploration in… Read More
2024-04-19 11:00
Africa’s agribusiness sector is undergoing significant transformations driven by population growth, urbanisation, technological advancements, and shifting consumer preferences.
Alongsi… Read More
2024-04-19 07:13
AIM Congress 2024 aims to facilitate economic opportunities and foster mutually beneficial international economic relations.
The congress provides a platform to engage with global leaders, e… Read More
2024-04-18 12:57
Global verification body Verra certifies d.light’s clean cookstove projects in Kenya, Uganda and Nigeria.
Initiative to distribute 600,000 clean cookstoves now verified by leading cert… Read More
2024-04-18 10:01
Artificial intelligence in Africa can potentially propel the fintech industry into a new era of financial inclusion.
AI tools can analyse data from client discussions, producing legal docume… Read More
2024-04-18 09:27
The key highlight of the AIM Congress 2024 is the Investment Awards, scheduled for the opening day, May 7th.
These awards celebrate top direct investment (FDI) projects from around the globe… Read More
2024-04-18 09:21
Kenya’s economic resurgence in 2024 proving a reality following a notable upturn in recent months, marked by positive indicators across sectors.
According to CBK, leading indicators po… Read More
2024-04-18 03:00
Cairo, Egypt, holds third place after Athens and Manilla, Philippines.
India stands out, with three cities being included in the world’s top 10 most stressed cities.
Los Angeles… Read More
2024-04-18 03:00
Ventures interested in applying for the Investment Showcase can submit applications here by 2nd May.
To qualify, the ventures must be African, have at least one African co-founder or be head… Read More
2024-04-17 13:32
Survey shows 60% of journalists interviewed indicate that their newsroom lacks an AI use case policy.
However, 20% of journalists revealed that they are planning to explore AI’s potent… Read More
2024-04-17 12:59
Exclusive pre-congress workshop launched to elevate startups for the global stage
This year’s startup competition has attracted entrants from 53 countries.
With cash prizes amounting $… Read More
2024-04-17 04:00
The increasing food prices have majorly occasioned the rise in consumer expenditure.
In the review period, 50 per cent of the Kenyans polled indicated static income levels over the las… Read More
2024-04-17 03:00
Kenya Ports Authority handled 37,576 metric tons of cargo in 2023, according to its Managing Director.
The KPA MD revealed the gantry cranes were procured to the tune of $31,493,808
On… Read More
2024-04-16 10:36
One of the most important ways a fintech can listen to its customers is to gauge how they engage with its products.
Having a deep understanding of customer needs results in innovative soluti… Read More
2024-04-16 10:09
Level of remote desktop protocol abuse unprecedented since launch of report in 2020.
External remote services were the number-one way attackers initially breached networks.
Remote Desktop Pr… Read More
2024-04-16 08:40
Remittance inflows for March grew to $407.8 million up from $385.9 million in February, with the US maintaining its lead as the top source for Kenya’s remittances.
This was also higher… Read More
2024-04-14 11:00
Africa’s agritech potential is immense. Agriculture can help solve various issues, including food security, poverty reduction, and economic transformation. However, technology is neede… Read More
2024-04-14 08:00
East Africa’s economic growth is projected to grow at 5.3 and 5.8 per cent in 2024 and 2025-26, respectively.
The World Bank projects African economies to grow by 3.4 per cent in… Read More
2024-04-14 06:02
DRC Joins the Organisation of Southern Cooperation after depositing the Instrument of Acceptance
Secretary-General Manssour Bin Mussallam received the Instrument of Acceptance.
The OSC, aime… Read More
2024-04-12 14:52
A total of 77 people, including 22 Chinese and a Cameroonian, all suspects of an elaborate scam targeting thousands of people across the world have been arrested in Zambia.
Masquerading as c… Read More
2024-04-11 09:43
Red Sea shipping disruptions by Houthi rebels is stemming from the Israel -Palestine dispute in the Gaza Strip.
Simultaneously, transits around the Cape of Good Hope are up by a nearly simil… Read More
2024-04-11 06:00
In the past two years, short-term rentals in Nairobi have been the new trend.
Hospitality has bounced back remarkably after the challenges posed by the COVID-19 pandemic, emerging as one of… Read More
2024-04-11 05:00
Kenya looks to rise on its estimated $38.4 million blue economy investments to grow sector revenue to $921 million annually.
Africa, with its vast coastline and rich marine resources… Read More
2024-04-10 08:00
Following a slow recovery from the debilitating impact of COVID-19, Africa’s economic growth declined to an estimated 3.8 per cent in 2022 and later deteriorated to 3.3 per cent in 202… Read More
2024-04-09 14:06
In 2024, diversification of your crypto portfolio remains a fundamental principle for managing risk and maximizing returns.
Understanding how to build an optimal investment portfolio and mon… Read More
2024-04-09 13:34
A key component of successful cryptocurrency investment is utilizing cryptocurrency exchanges effectively.
The USDT/SOL exchange pair refers to the trading of Tether (USDT) against Solana (S… Read More
2024-04-09 10:35
121 African startups secured $466M, marking a 27 per cent drop from the previous quarter; women-led startups got 6.5 per cent of the capital.
About 87 per cent of startup funding in the thr… Read More
2024-04-09 10:35
A total of $466 million was secured by 121 startups in Africa, marking a 27% decline from the preceding quarter.
About 87% of startup funding in the three months to March went to entities in… Read More
2024-04-09 03:00
AFC’s landmark wind farm in Djibouti set the country on a path to becoming the first African country fully powered by renewable energy.
Last year, the corporation committed to overhaul… Read More
2024-04-09 03:00
The partnership will enable Kenya and South Korea to strengthen legal services and networks for African companies.
G&A has built a strong reputation in Africa, delivering on transformati… Read More
2024-04-08 07:36
Zimbabwe is phasing out ZWL as it ushers new gold-backed currency ZiG, starting today, Monday, 8 April, 2024.
The ZiG is said to be anchored by 2.5 tonnes of gold held in the central bank&rs&hell…Read More
2024-04-08 06:43
EAPI Retail Forum will take place on the second day of the event to be held on 17 and 18 April 2024 in Nairobi.
Rising consumer demand has led to the development of strong local retail brand… Read More
2024-04-07 08:22
Kenya’s business conditions weakened slightly in March despite easing inflation.
Kenyan firms reduced their purchases of inputs in line with weaker sales.
Most businesses remain optimi… Read More
2024-04-07 03:00
Three decades later, the Rwanda genocide elicits several unanswered questions about the events leading up to, during, and after the killings.
Who was responsible for shooting down President… Read More
2024-04-05 15:34
African Airlines revenues for January 2024 were $ 1.83 billion compared to $1.56 billion in November 2023
Available seats per kilometre (ASKs) also exceeded the level of March 2019 by 7.7 pe… Read More
2024-04-05 08:33
Non-tariff trade barriers are restrictions trade blocs impose to further their political and economic goals.
Kenya and Tanzania are working on resolving non-tariff trade barriers that have s… Read More
2024-04-05 06:00
TikTok’s Safer Together Workshops have attracted 116,355 attendees.
The social media platform has in the recent past had issues over safety in Kenya and around the world.
Accordi… Read More
2024-04-05 03:00
Ghana-based Zeepay has secured support from Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P.
The firm is set to ehancing its offerings to International Money Transfer… Read More
2024-04-04 12:24
International arrivals increased from 1.48 million in 2022 to 1.95 million as the sector turned around from lows of 569,848 at the peak of the Covid-19 pandemic in 2020.
Last year&rs… Read More
2024-04-04 08:05
Kenya is keen on extending its pipeline to Malaba (Kenya-Uganda border), with Uganda expected to construct a link line to Kampala.
According to the Shippers Council of Eastern Africa… Read More
2024-04-03 09:02
Kenyan doctors have rejected a $18.3 million (KES2.4 billion) offer to go back to work.
Top demands by over 7000 medics include immediate hiring of trainee doctors, provision of adequate med… Read More
2024-04-03 06:42
Kenyan businesses in the hospitality and tourism sector are the most confident they will post growth in Q2
Businesses in the energy sector are also optimistic of better Q2 despite challenges… Read More
2024-04-03 06:12
New hotel room developments in Kenya have dropped.
With continued signing activity (19 hotels with about 5,200 rooms in 2023) Egypt now accounts for 28 per cent of the total pipeline.
When i… Read More
2024-04-02 14:16
Across Ghana and Ivory Coast, climate change, illegal mining, cocoa industry woes, and a devastating disease known as swollen shoot have conspired to end West Africa’s cocoa supremacy… Read More
2024-04-02 10:43
China Henan International Cooperation failed to to disclose the use of a commission agent while submitting a bid.
The ban on Chinese firm reflects broader concerns about the nature of China… Read More
2024-04-02 10:00
Kenya’s equity market has received an upgrade on its classification by the FTSE Russel Index from “Restricted’ to “Pass” on the repatriation of capital and inco… Read More
2024-04-02 08:12
Tourism in Kenya is the third-biggest foreign exchange earner after remittances and agricultural exports.
The tourism sector’s performance has been impressive, with earnings reaching $… Read More
2024-04-02 07:19
New investment in Tanzania’s railways sector is expected to directly benefit nearly 900,000 people and indirectly impact an estimated 3.5 million.
Tanzania operates two railway systems… Read More
2024-03-31 11:02
The IMF has approved an expansion of the original economic rescue program for Egypt by $5 billion.
Spillovers from the recent conflict in Gaza and Israel aggravated the shaky economic situat… Read More
2024-03-31 09:28
The Central Bank of Nigeria has decided to increase the minimum capital requirement for lenders to bolster the country’s economy.
Nigerian banks now face weaker capital ratios and high… Read More
2024-03-30 07:30
The civil society has opposed Somalia plan to reduce Adult Age to 15
Under Somalia’s provisional constitution, a child is defined as a person under the age of 18.
he proposed ame… Read More
2024-03-30 07:19
Last year, the Kenya implemented radical fiscal policy changes on taxation, public spending, government operations and public debt management.
Venezuela has been ranked the worst country to… Read More
2024-03-30 07:07
Namibia is fortunate to be in a position to benefit from the experiences of other oil- and gas-producing states.
The country’s oil and gas sector is still looking forward to reaching t… Read More
2024-03-29 13:05
The situation involving Binance in Nigeria has turned sour due to several events.
For a few years, the Binance marketplace seemed to work well enough, but in 2023, the Nigerian government en… Read More
2024-03-29 06:15
The Kenyan lender with subsidiaries in Tanzania, Rwanda, and Uganda saw customer deposits close at $4.4 billion, 15.3 per cent, year-on-year.
Assets grew to $5.5 billion, 18.6 per cent up ye… Read More
2024-03-29 03:00
As millions of people in Africa go to bed hungry today, tonnes of food will end up in landfills, too.
A UN report identifies gaps in Africa’s retail and food service sectors, presentin… Read More
2024-03-28 11:36
With operations in Kenya, Rwanda, Tanzania, Uganda and Mauritius, I&M Bank has attributed 15% growth in profits to an increase in its operating income.
Its loan portfolio grew by 30% to… Read More
2024-03-28 10:26
MTN is divesting its stakes in Guinea-Bissau and Guinea-Conakry to Telecel.
The telco giant will now shift more focus on rising markets Ghana, Cameroon, Nigeria, and Cote d’Ivoire.
Wit… Read More
2024-03-28 07:17
Early last year, another German shoe line announced an investment of $2.66 million to expand its presence in Kenya by 2025.
The distribution centre is at the Freight Forwarders Solutions war… Read More
2024-03-27 15:11
Equity Bank dividend payout of $0.03 (KES4) per share will amount to a 36 per cent payout of the regional lender’s $331.6 million net profit.
Customer numbers grew to 19.6 million, thi… Read More
2024-03-27 15:11
Equity Bank dividend payout of $0.03 (KES4) per share will amount to a 36 per cent payout of the regional lender’s $331.6 million net profit.
Customer numbers grew to 19.6 million, tra… Read More
2024-03-27 09:39
In 2022, investments in Tanzania rose by $3.16 billion between July and November.
Currently, Tanzania has stable economic diplomatic relations with global economic giants, China and US.
Tanz… Read More
2024-03-27 08:45
BRICS’ owned New Development Bank (NDB) was set up in 2015 by Brazil, Russia, India, China, and South Africa.
The multilateral lender is planning to disburse about $5 billion in loans… Read More
2024-03-26 16:57
Air Tanzania has received Boeing 737-9 Max, its second aircraft from the US carrier manufacturer.
A second Boeing 737-9 Max symbolizes Tanzania’s steady journey in enhancing its buddin… Read More
2024-03-26 15:36
Kenya Airways losses for FY2023 have majorly stemmed from FX fluctuations.
Despite the heightened operating costs, Kenya Airways achieved an operating profit of $79.4 million.
International… Read More
2024-03-26 12:57
Cross-border commerce brings forth many advantages that extend far beyond mere economic enrichment.
These advantages encompass various facets of societal development, from economic growth to… Read More
2024-03-26 12:28
Electric bus company, BasiGo has secured $3 million (Sh396 million) worth of equity funding from CFAO Group to scale up electric bus production in East Africa.
The investment, split between… Read More
2024-03-26 11:56
Kenya and Tanzania are working together to reintroduce the 2011 Anti-Counterfeiting Bill that collapsed at the East African Legislative Assembly.
This law envisaged the region working under… Read More
2024-03-26 06:47
Bassirou Diomaye Faye, a former tax collector, is Senegal’s president-elect.
Faye has promised to embark on a fresh chapter in Senegal’s leadership following months of political… Read More
2024-03-26 06:00
Foodtech startups are leading a movement that aims to enhance food security and transform African agriculture into a model of economic viability and sustainability.
Nile, a business-to… Read More
2024-03-25 08:25
If oil disappeared tomorrow, thousands of petroleum-based products would vanish with it.
If oil disappeared tomorrow, it would be catastrophic for health services everywhere.
If oil disappea… Read More
2024-03-25 07:38
Ecobank’s new appointments have combined the commercial and the consumer businesses under the leadership of Anup Suri.
Martin Miruka joins Ecobank as the Group Executive for Transforma… Read More
2024-03-25 07:24
mTek, an insurtech innovation platform, has secured a $1.25 million investment from Verod-Kepple Africa Ventures and Founders Factory Africa to fuel its expansion across East Africa.
The fir… Read More
2024-03-25 06:30
Uganda’s diaspora remittances have seen 13.4% jump, reaching $1.42 billion.
Remittances continue to outshine foreign direct investment and official development assistance as the primar… Read More
2024-03-25 06:03
Tanzania has offered the Uganda National Oil Company (Unoc) the use of the Dar es Salaam port for oil importation.
This presents a strategic alternative amid the ongoing importation stalemat… Read More
2024-03-24 12:08
Sudan’s humanitarian crisis is the worst in recent history, according to the United Nations.
One-third of Sudan’s population, that is, 18 million people, are facing acute food in… Read More
2024-03-23 15:00
Hormuud Telecom has launched the 5G network across Somalia, enhancing the speed of internet and communication.
This marks a significant leap towards a digitally inclusive society with reliab… Read More
2024-03-23 11:46
AfDB grant aims to enhance Burundi’s productivity by four to five times and bolster agro-processing for increased domestic and export food availability.
It also promises significant ec… Read More
2024-03-23 11:29
Nala Money has Payment Service Provider licenses in several countries, including its founder’s home, Tanzania.
In 2020, Africa’s e-payments industry, across domestic and cross-b… Read More
2024-03-23 11:25
The Uganda National Oil Company (UNOC) is directly importing petroleum products from Vitol Bahrain, aiming to reduce reliance on Kenyan firms and mitigate high fuel prices.
UNOC’… Read More
2024-03-23 06:00
Cyber security spending in Kenya is still low with half of state entities exposed to malicious attackers.
Cyber Security Spending is projected to reach $8.4 billion in 2027.
Banks will accou… Read More
2024-03-23 03:00
Tanzania and Rwanda are warming up to set up second official border post.
Currently, Rwanda is the third largest user of Dar es Salaam port.
More than 80% of Rwanda’s cargo goes throug… Read More
2024-03-22 11:36
Questions are lingering about US food aid to Tanzania that targets schools, with critics terming it unnecessary.
US food aid to Tanzania has been ongoing for the past decade.
Tanzania now wa… Read More
2024-03-22 09:58
Kenya’s National Security Council is currently scrutinizing cybersecurity threats posed by TikTok.
Lawmakers are citing data privacy, cybersecurity threats, and TikTok’s potentia… Read More
2024-03-22 07:47
Zambia-Tanzania Trade Route expansion enjoys the support of senior government, diplomatic, and development sector officials.
The Nakonde/Tunduma border is one of the busiest entry/exit… Read More
2024-03-21 10:45
An estimated $5.7 trillion is required to close the infrastructure investment gap in South Africa by 2050.
Of the energy sector projects, 25 are under construction under Bid Window 5 of REIP… Read More
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