Equity buys extra 6.6 pct stake in its DRC subsidiary
Equity Group acquired an extra 6.6 percent stake in its subsidiary in the Democratic Republic of the Congo for Sh9.24...
Number of African millionaires to rise 42% over next decade, says report
Africa’s millionaire population is expected to rise by 42% over the next 10 years, reaching around 195,000 by 2032, according...
AfDB, ILX sign partnership to mobilize European institutional capital for sustainable projects across Africa
The African Development Bank and ILX Management B.V. (ILX) have signed a partnership agreement to scale up investments and spur...
Blockchain funding in Africa jumps 430 pct in 2022
Despite the challenging year of 2022, which saw several major players disappear from the global cryptocurrency scene, the blockchain community...
Comesa to launch electronic single portal by year end
The Common Market for Eastern and Southern Africa (Comesa) will launch its Electronic Single Window by the end of the...
Zanzibar assures travelers it’s safe and open for business
The Revolutionary Government of Zanzibar has assured the international travelers and relevant stakeholders that the semi-autonomous islands of Zanzibar remain...
Kenya, Tanzania fine GTBank for breach of regulations
The Central Bank of Kenya (CBK) has fined Nigerian lender, Guaranty Trust Bank (GTBank) for breaching its regulations. This is...
Netflix injects $175 million into African film production
Netflix has spent a cumulative $175 million in film production in Africa since it gained entry in 2016, creating at...
Oil climbs on tightening supply; IEA demand outlook awaited
Oil prices rose on Friday on signs of lower Russian output and tighter supplies, with the market looking ahead to...
CAG berates StanChart for raising Tanzania SGR project cost
Tanzania’s Controller And Audit General (CAG) slammed the terms of a loan agreed with Standard Chartered Plc for raising the cost of...