Tuesday, April 23, 2019
Rwanda and Tanzania have agreed on joint construction of a Standard Gauge Railway (SGR) from Isaka (northwestern Tanzania) to Kigali, a move which will facilitate movement of goods between the two countries. The agreement was reached following a meeting between...
President Mokgweetsi Masisi wants to increase foreign investment and create more jobs for almost one in five people. Botswana’s new leader wants to shrink the civil service, sell state companies and cut red tape as he targets increased foreign investment. President...
Fitch Ratings has announced its decision to maintain Eskom Long-Term Local Currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings of ‘BB-‘. According to the South African parastatal, the ratings agency has simultaneously maintained the National Long-Term...
The success of the African Continental Free Trade Area (AfCFTA) will rest significantly on the ability of the continent’s private sector to generate or create the goods that will enter the trade, Dr. Benedict Oramah, President of the African Export-Import Bank...
South African President Cyril Ramaphosa appointed former central bank Governor Tito Mboweni as his finance minister on Tuesday, replacing Nhlanhla Nene, who lied about his meetings with three businessmen accused of plundering state funds. Mboweni, the nation’s fifth finance chief...
Demand for Ghana’s $2 billion of Eurobonds exceeded supply four times as the West African country convinced investors about its economic turnaround story, the Ministry of Finance said. Ghana got more than $8 billion of bids after marketing the debt...
In a bid to encourage cryptocurrency and blockchain adoption in Egypt, the National Bank of Egypt (NBE) announced that it has joined the R3 Blockchain Consortium on April 22, 2018. R3 is a software enterprise firm that is working closely with...
CAIRO - 3 January 2018: Egypt's international reserves hit an unprecedented level in December as it recorded $37.019 billion, according to the Central Bank of Egypt's (CBE) announcement on Wednesday. The record came as a result of improving sources of...
Wala, a Cape Town-based blockchain start-up, is gearing up to roll out zero-fee banking services to the unbanked and underbanked in Uganda. Founded by a pair of Americans, the company has partnered with a Ugandan microfinance institution to enable customers...
The Doing Business index is a ranking index system, created by the World Bank Group, which indicates the regularity environment of businesses.  A higher ranking, which is indicated by a lower numerical value, specifies a stronger protection of property...
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