Markets
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Investors Shy Away From Kenya’s $900 Million Eurobond Buyback to Tender 65%, Only
Kenya’s attempt to buy back a portion of its 2019 Eurobond, valued at Ksh.116.2 billion ($900 million), was met with…
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54 Collective to Close Venture Studio Operations as Mastercard Foundation Partnership Ends
54 Collective, previously known as Founders Factory Africa, is set to close its venture studio operations across Africa after its…
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Kenya to Borrow $1.5 Billion in New Debt While Buying Back $900 Million
Kenya is returning to the international markets with a plan to borrow Ksh.193.5 billion ($1.5 billion) through a new bond…
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Trump’s Foreign Aid Freeze Threatens Africa’s Critical Minerals Corridor
A billion-dollar U.S.-backed railway project in Africa, vital for transporting critical minerals to global markets, is facing delays due to…
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AfDB Approves $31 Million to Boost Climate Resilience in Africa
The African Development Bank (AfDB) has approved over $31 million in funding to support climate resilience initiatives in Sierra Leone,…
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Nigeria Keeps Benchmark Lending Rate Unchanged
On Thursday, Nigeria’s central bank decided to maintain its benchmark interest rate following a series of six increases in the…
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MANSA Secures $10M to Revolutionize Cross-Border Payments
MANSA, a rising star in the global fintech scene, has clinched a $10 million funding round, propelling its mission to…
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Morocco Plans First Eurobond Sale to Fund Economic Reforms, World Cup Preparations
Morocco is set to issue euro-denominated bonds on the international market for the first time since 2020, to finance…
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Ethiopia Bondholders Fault IMF Over Report on Solvency
The International Monetary Fund (IMF) is on the receiving end after it published a report indicating Ethiopia is facing liquidity…
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Ethiopian, UK Sign $600M Deal for Dairy and Farming Project
The Ethiopian Investment Holdings (EIH), in collaboration with the Ethiopian Agricultural Business Corporation (EABC) and UK-based private equity firm Asset…
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