News and information curated daily for a global audience interested in Africa.
Although the government has overseen a restructuring of most of its public debt, secured a $3 billion International Monetary Fund bailout and rebooted the West… Read More »Ghanaians are Struggling with High Living Costs and Interest Rates as They Head to the Polls
Despite sustained efforts to boost regional trade, African countries still trade more with the rest of the world than among themselves. Rectifying this imbalance calls… Read More »Building Value Chains across Multiple African Countries is Crucial to Enabling Trade Integration
Eleven-year-old Nigerian-American Eniola Shokunbi has written to Nigerian authorities, requesting an invitation and security support to discuss how do-it-yourself (DIY) box fan filters — known… Read More »This Pre-teen Believes her Invention can Change the Lives of her Peers Back Home
The boats at the centre of the $2bn “tuna bonds” scandal that sank the southern African country’s economy, after protests scared off buyers. The auctioneers… Read More »Mozambique’s Post-election Unrest Scuppered Attempts to Sell Rusting Fleet of Fishing Trawlers
When it comes to renting in Africa, the continent offers a diverse array of options, from bustling cities to serene coastal towns. Each location brings… Read More »Africa’s Evolving Rental Landscape Caters to Diverse Lifestyles and Needs
That’s if plans to raise capital requirements become law, claims the country’s bankers association. The Business Laws amendment bill would progressively raise core capital requirements… Read More »Up to 24 Banks in Kenya could be Forced Out of Business
Swiss building materials manufacturer Holcim will sell its stake in Nigerian cement company Lafarge Africa to Huaxin, a Chinese company, it said. Holcim said the… Read More »Chinese Firm Takes Over a Major Cement Player in Nigeria
This comess less than a year after the world’s biggest cocoa producer paid high rates to tap markets, as African countries struggle to escape expensive… Read More »The World Bank Will Underwrite a Loan for Ivory Coast to Replace Costly Bonds
It’s a financial platform aimed at microfinance institutions (MFIs) that helps to better service small and medium-sized enterprises (SMEs) and women-owned businesses. The platform facilitates… Read More »Tanzanian Startup ClickPesa has Launched ClickPesa MFI
Colonialism officially ended decades ago, but its effects are still felt in some African countries in the form of colonial tax — a system where… Read More »The Story Behind African Countries still Paying Colonial Tax