African startups raised over $3 billion in funding in H1 2022
In the first half of 2022, African startups raised $3.1 billion in funding, a figure which is more than they...
African states’ private debts three times that owed to China
African countries' debts with China are a third of what they owe non-Chinese private lenders, while interest rates are just...
African Development Fund to debut on capital markets
The African Development Fund (ADF) is expected to list on capital markets to raise more money for its 16th replenishment,...
EU backs crypto anti-money laundering rules
European Union negotiators on Wednesday reached a provisional agreement on anti-money laundering rules for cryptocurrencies that would spur crypto firms...
Comesa watchdog to probe prices of new Toyota cars
The Common Market for Eastern and Southern Africa (Comesa) Competition Commission has launched a formal inquiry into the pricing of...
CEOs reveal Africa’s top 10 investment destinations
Côte d’Ivoire, Ghana and Nigeria have been identified as the three most attractive African investment destinations in a new Deloitte...
Nairobi bourse is third worst performing stock market in Africa
The Nairobi bourse is the third worst-performing major stock market in Africa since January, hit by foreign investor capital flight...
New forecast expects African airlines to record only $700 million net losses in 2022, as recovery picks pace
African airlines' net losses in 2022 are forecast at around $700 million, marking an improvement from the staggering losses recorded...
UN food agency announces further refugee ration cuts
The UN World Food Programme, WFP, said on Monday that it will have no choice but to make further food...
KCB takes 77 percent stake in merged Rwanda lender
KCB Group has taken a 77 percent stake in BPR Rwanda, the subsidiary that was created from the merger of...