Business
KRA Announces Key Changes to PAYE Following Tax Laws (Amendments) Act, 2024
December 19, 2024
KRA Announces Key Changes to PAYE Following Tax Laws (Amendments) Act, 2024
The Kenya Revenue Authority (KRA) has announced updates to the Pay-As-You-Earn (PAYE) computation following the implementation of the Tax Laws…
Tyme Becomes Africa’s Newest Unicorn After Securing $250M, Valuation Hits $1.5B
December 17, 2024
Tyme Becomes Africa’s Newest Unicorn After Securing $250M, Valuation Hits $1.5B
Tyme Group, the digital banking firm backed by South African billionaire Patrice Motsepe, has raised $250 million in its latest…
Shelter Afrique Development Bank Partners with African Union to Tackle Africa’s Housing Crisis
December 17, 2024
Shelter Afrique Development Bank Partners with African Union to Tackle Africa’s Housing Crisis
Shelter Afrique Development Bank (ShafDB) and the African Union (AU) have signed a Memorandum of Understanding (MOU) to address Africa’s…
Kenya Invites Tenders for Leasing Electric Vehicles
December 17, 2024
Kenya Invites Tenders for Leasing Electric Vehicles
Kenya’s National Treasury and Economic Planning has issued an open national tender inviting local and international firms to participate in…
Bitcoin Hits Record $106,000 Amidst Optimism Over Trump’s Cryptocurrency Stance
December 16, 2024
Bitcoin Hits Record $106,000 Amidst Optimism Over Trump’s Cryptocurrency Stance
Bitcoin has soared to an all-time high, continuing a remarkable rally that has pushed the cryptocurrency’s value up by more…
Saudi Group Offers $1.3 Billion to Acquire South Africa’s Barloworld
December 16, 2024
Saudi Group Offers $1.3 Billion to Acquire South Africa’s Barloworld
Saudi Arabia’s Zahid Group and its partners, Gulf Falcon Holding and Entsha, have proposed a $1.3 billion buyout of South…
AFD Approves $18.3 Mn for Revenue Mobilization in Liberia
December 13, 2024
AFD Approves $18.3 Mn for Revenue Mobilization in Liberia
The Board of Directors of the African Development Fund (ADF), the concessional lending arm of the African Development Bank Group,…
AfDB Disburses $1 Billion Loan to Revitalize South Africa’s Transnet
December 10, 2024
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
December 10, 2024
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
December 9, 2024
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…