Lawrence Baraza
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Commodities
Oil Losses Drag as Brent Crude Goes for $78 per barrel
An initial assessment of oil prices on Monday, Jan 22, revealed that the price of Brent crude was $78.47 per…
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Corporate
Onafriq, Alviere partner to Facilitate Money Transfer From U.S to Africa
Onafriq has partnered with Alviere to facilitate payments and remittances from the United States to Africa. Onafriq links a variety…
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International
Ford Cuts Production of F-150 Electric Car by Half
Ford Motor is cutting the planned production of its all-electric F-150 Lightning pickup roughly in half in 2024, marking a…
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Markets
Kenya overtakes Nigeria in Startup Funding with $800 Million Raised
Kenya surpassed Nigeria as the top destination for startup funding in Africa in 2023, with about $800 million raised by…
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International
Canadian University Announces $11 Million Scholarships For African Students
The University of Ottawa in Canada has unveiled its $11 million Entrance & Excellence scholarships aimed at African students pursuing…
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Northern Africa
Ghana Secures Debt Relief, to Restructure $13 Billion Eurobond Debt
Ghana is facing a significant balance of payment gap, currently in the final stages of reaching an agreement to revamp…
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Northern Africa
Nigeria Grappling With Forex Shortage to Clear Backlog – Fitch
Fitch announced Thursday that the Central Bank of Nigeria (CBN) is still grappling with a foreign exchange shortage needed to…
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Wealth Creators
Dangote’s Networth Up $2 Billion in January 2024
In the first 17 days of 2024, Aliko Dangote saw a significant rise in his wealth, with an increase of…
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East Africa
IMF Approves Ksh.150 Billion Loan for Kenya
The International Monetary Fund (IMF) has approved a loan of Ksh.150 billion (USD 941.2 million) for Kenya. This decision, made…
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Corporate
AfDB Injects $10.5 Million in Seedstars Africa to Boost African Businesses
The African Development Bank (AfDB) has said it will invest $10.50 million in Seedstars Africa Ventures S.L.P., a venture capital…
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