Business

AfDB Disburses $1 Billion Loan to Revitalize South Africa’s Transnet

AfDB Disburses $1 Billion Loan to Revitalize South Africa’s Transnet

The African Development Bank (AfDB) has released the first installment of its $1 billion loan to Transnet, South Africa’s state-owned…
AfDB to Lead Financing of $340 Million Moyi Power Project in DRC

AfDB to Lead Financing of $340 Million Moyi Power Project in DRC

The African Development Bank has been named mandated lead arranger for the Moyi Power Metro-Grids project, a $340 million private…
Kenya, Nigeria Dominate African Start-Up Funding with 76% Share in November

Kenya, Nigeria Dominate African Start-Up Funding with 76% Share in November

Kenya and Nigeria emerged as leaders in African start-up funding last month, securing 76 percent of the total $180 million…
Global Trade to Hit Record $33 Trillion in 2024: UNCTAD Report

Global Trade to Hit Record $33 Trillion in 2024: UNCTAD Report

Global trade will hit a record $33 trillion in 2024, a 3.3% growth from the previous year, according to a…
UAE Port Operator DP World Plans India Expansion to Ease Delays

UAE Port Operator DP World Plans India Expansion to Ease Delays

DP World Ltd., a United Arab Emirates-based port operator, plans to expand in India to alleviate trade bottlenecks, according to…
Angola to Privatise State-Owned Airline TAAG in 2026

Angola to Privatise State-Owned Airline TAAG in 2026

Angola will continue restructuring its state-owned airline, TAAG, next year as part of plans to privatize the 86-year-old carrier in…
Namibia Elects First Female President as Ruling Party Holds Power

Namibia Elects First Female President as Ruling Party Holds Power

Namibia’s ruling South West African People’s Organisation (Swapo) has retained its hold on power despite recording its weakest electoral performance…
Kenya’s Mawingu Secures $15M to Scale Internet Connectivity in East Africa

Kenya’s Mawingu Secures $15M to Scale Internet Connectivity in East Africa

Kenya-based Internet Service Provider Mawingu has acquired Habari, an ISP operating in seven regions across Tanzania, to expand digital connectivity…
Applications open for 3rd Mastercard Foundation EdTech Fellowship in Kenya

Applications open for 3rd Mastercard Foundation EdTech Fellowship in Kenya

Applications are open for the third cohort of the Mastercard Foundation EdTech Fellowship in Kenya after the successful completion of…
Kenyan Startup VunaPay Wins African Latitude59 Pitch Competition

Kenyan Startup VunaPay Wins African Latitude59 Pitch Competition

Kenyan startup VunaPay, known for revolutionizing instant payments for farmers, has won the African leg of the prestigious Latitude59 Pitch…
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