IMF Releases Another Tranche of Relief to Ghana
(3 Minutes Read)
Ghana has secured USD 360 million from the International Monetary Fund (IMF) after the successful third review of the 36-month Extended Credit...
KenGen to Raise USD 4.2 bn to Develop Geothermal Energy in Kenya
(3 Minutes Read)
Kenya Electricity Generating Company PLC (KenGen), the leading power generating company in East Africa has begun the process of raising USD 4.2...
Nigeria Raises USD 2.2 Billion Eurobonds to Cover Fiscal Deficit: Oversubscribed by 309%
(3 Minutes Read)
The Nigerian government raised USD 700 million in the shorter-term paper and USD 1.5 billion in the longer-dated maturity. The debt...
Kenyan Airlines Transforming Using Technology to Stay Ahead
(3 Minutes Read)
Kenya Airways (KQ) is reinventing its platforms to allow enhanced customer engagement and provide prospective travellers greater freedom to manage their flights.
The...
Senegal’s Prime Minister Ousmane Sonko to Continue in Office
(3 Minutes Read)
Putting to rest the speculation, Sonko said that he would stay as Prime Minister. He further added that the reform measures started...
Holcim to Sell Nigerian Operations to Chinese Company Huaxin Cement
(3 Minutes Read)
In November 2023, Holcim agreed to sell its businesses in Uganda and Tanzania. The company sold Hima Cement Ltd in Uganda to...
SA’s PMI Down: Trump’s Victory a Major Reason
(3 Minutes Read)
The business activity sub-index saw a sharp drop to 49 from 55.6 in the prior month, while new sales orders fell to...
Prosus NV Reports Profit in First Half of FY 25
(3 Minutes Read)
The Euronext-listed technology firm will invest in AI across its businesses but will consider writing “larger checks” to companies operating in its...
Transnet on S&P’s ‘credit watch’
(3 Minutes Read)
According to S&P, Transnet’s operational improvements are expected to be gradual, but the company’s cash flow is unlikely to rise sufficiently or...
Kenya’s Kisumu port cargo volumes up on Higher Uganda imports
(3 Minutes Read)
According to the latest data by the Kenya Ports Authority (KPA), in 2017, the port used to receive just 10 vessels, and...
