Lawrence Baraza
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Agriculture
Africa Spends $20 Billion Annually on Wheat Imports – Report
African countries collectively spend approximately $20 billion each year on wheat imports. This is according to Dr. Solomon Gizaw, the…
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Wealth Creators
List of Africa’s Billionaires in 2024; Who Are They?
The wealth of Africa’s richest individuals has seen a slight increase over the past year and has reversed the previous…
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Southern Africa
Over 7,000 South Africans to Lose Jobs in Platinum Amid Cost-Cutting Measures
The platinum group metals (PGM) industry in South Africa is considering a restructuring plan due to increasing costs and declining…
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Agriculture
Family Bank Receives $5 Million Loan from eco.business Fund for Sustainable Agribusiness
The eco.business Fund has extended $5 million loan (Ksh.805 million), to Family Bank Kenya to strengthen sustainability-certified companies, small-holder farmers,…
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West Africa
Zenith Bank, Ibom Air, and Airbus Ink Deal to Advance African Aviation Financing
Zenith Bank has joined forces with Ibom Air and Airbus for the closure of commercial financing for Ibom Air’s first…
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Corporate
MultiChoice Declines $2.5 Billion Acquisition Offer from Canal+
MultiChoice, a Pan-African Pay-tv operator, has rejected a $2.5 billion acquisition offer from French media company, Canal+. The company said…
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Currencies
Nigeria’s Fight Against Naira Shortage Risky as Currency Devalued 38%
The Central Bank of Nigeria’s efforts to combat the scarcity of foreign currency are seen as a positive move for…
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Currencies
Reasons Why Kenya Shilling is on Winning Streak Against Dollar
The Kenyan currency has been gaining against the US dollar for five days in a row as of Friday, February…
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Markets
Egypt Hikes Benchmark Lending Rate After Deal with IMF
Egypt raised interest rates for the first time since August, breaking expectations with a move that might speed up progress…
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Corporate
UBA Kenya Appoints Mary Muli its CEO
UBA Kenya has appointed Mary Mulili as its Chief Executive Officer, effective January 19, 2024, pending regulatory approval. If approved,…
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