Regions
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Uganda Hikes Lending Rate by 25 Basis Points to 10.25
The Bank of Uganda (BoU) has increased its interest rates for the second straight month from 10% to 10.25%—the highest…
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Zimbabwe Bank Secures $15 Million Trade Deal from AfDB for SMEs
The African Development Bank (AfDB) and NMB Bank Limited Zimbabwe (NMB) have signed a $15 million trade deal for Small…
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South Africa Issues First Operating License to 39 Crypto Firms
South Africa’s Financial Sector Conduct Authority (FSCA) has granted operating licenses to 59 cryptocurrency firms as of March 12, 2024.…
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Media Professionals Condemn Government Move to Restrict Adverts to Specific Media Houses
Media Professionals in Kenya have come out to condemn a move by the government to restrict advertisements to two media…
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Ivory Coast Eurobonds Rally After Moody’s Raises Credit Score
Ivory Coast’s eurobonds experienced a surge in value following an upward revision of the nation’s credit score by Moody’s Investors…
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MTN Group Revenues Down 80% Due to Nigeria’s Naira Slump
MTN Group Ltd., Africa’s largest telecommunications operator, has issued a warning regarding a significant decline in its full-year profit. The…
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Rwanda Regulates Online Forex Trading for the First Time
Rwanda’s Capital Market Authority (CMA) has introduced regulations to govern online forex trading, marking the first time such trading activities…
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Over 4,000 Haiti Prisoners Escape, Govt Declares State of Emergency
Haiti’s government declared a state of emergency on Sunday evening, following violent clashes in the capital that have damaged communications…
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Ghana Cuts Power to MPs Over $1.8 Million Dent
The Electricity Company of Ghana (ECG) disconnected electricity to the parliamentary complex to compel the legislative body over an outstanding…
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Details of Raila’s Salary, Other Benefits if Confirmed AU Chair
Africa is gearing up to a new African Union Chairperson come 2025 when Moussa Faki Mahamat will be concluding his…
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