Economy
Economy
Zimbabwe cuts world’s highest interest rate as inflation eases
Zimbabwe’s central bank cut its benchmark interest rate for the first time since becoming the world’s most aggressive monetary authority...
Convergence Partners raises $296 million to drive digital inclusion across Africa
Private equity investor Convergence Partners, which is dedicated to the technology sector across sub-Saharan Africa has announced the successful closing...
Nigeria extends deadline to swap old currency notes by 10 days
Nigeria’s central bank extended a deadline for the expiration of higher denomination naira notes to February 10 after long queues...
Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa
The International Monetary Fund (IMF) has recently projected that the economies of Ethiopia and Angola are set to overtake Kenya...
Ethiopia and the World Bank sign financing agreements worth $745 million
Ethiopian Ministry of Finance and the World Bank have signed two Financing Agreements amounting to a total of $745 million,...
Africa must fight ‘strongman’ backslide, billionaire Ibrahim says
Africa must fight against a slide towards strongman authoritarianism that has resulted in a series of military coups and a...
AfDB to commit $10 billion to make continent the breadbasket of the world
The African Development Bank Group, will commit $10 billion over the next five years to boost Africa’s efforts to end...
Uganda is set to join the list of major oil producing African countries
Uganda is set to commission its first commercial oil production drilling program. The East African country has been keen on...
City of Cape Town to pay businesses, residents cash for electricity
The National Treasury has granted the City of Cape Town an exemption from competitive bidding or tendering processes for the...
Abu Dhabi to invest $2bn in solar with first 500MWp project
An agreement was recently signed between UAE independent power producer (IPP) Masdar and Zambia Electricity Supply Corporation (ZESCO). The partnership...
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