Akinwumi Adesina, president of the African Development Bank, has called for Africa to have its own credit-rating agency to assess risk on the continent, arguing that major international ratings companies have an inaccurate perception of

Egyptian, Pakistani, Nigerian, Kenyan and other countries’ local currency debts have been some of the most unloved assets — short of outright defaulted debt — in emerging markets in recent years, as currency crises have

Several World Bank reports allude to the data challenges and the poor performance of African freezones compared to Asia, eastern Europe and to a lesser extent Latin America due to implementation challenges. The concept of

The Commercial Bank of Ethiopia violated customers’ private data when it published hundreds of names and photographs of customers in bid to recover lost funds from an ATM network glitch incident. International digital rights group

The transaction to Singaporean group Tolaram  closed at an estimated $70 million but the group will retain ownership of the Guinness brand. The sale follows a need for “a flexible and asset-light beer operating model,”

Seven African startups have been selected a finalists for the 2024 ASME Innovation Showcase, the prestigious international accelerator of hardware-led social innovation. They include Kenyan ventures Adumu, which has developed a biodiesel-fueled institutional cooking system,

Binance was accused of failing to register with the Federal Inland Revenue Service to pay all relevant taxes administered by the service. The FIRS alleged that while Binance was offering taxable services to subscribers on

Power cuts are expected to last at least another three weeks in parts of Ghana because of a shortage of supplies from Nigeria. To end the shortfall, Ghana’s government will have to stump up around

While many African fintechs struggle to scale, Blaaiz, a cross-border payment and remittance platform, is successfully capitalizing on a promising niche. “Every time I traveled, both within and outside Africa, I realized there were few

The Partnership for Global Infrastructure and Investment (PGI) program was high on the agenda. Projects include a rail corridor that will connect southern and central Africa. The project will also bring telecommunication cables and other