Business

Africa is seeking funds from the business sector for ocean climate action

Climate finance projects are becoming an increasingly important resource for East African nations as they seek to improve the economic…

July 14, 2022

As diesel prices rise, Nigerian businesses are turning to solar power

Businesses in Africa's largest oil producer, Nigeria, are turning to solar enterprises for mini-grids and equipment as diesel prices have…

July 13, 2022

Senegal Gets 121 Million-Euro Loan For Emergency Food Production

The Board of Directors of the African Development Bank Group has approved a 121 million-Euro loan to Senegal, a country…

July 11, 2022

Zimbabwe Will Issue Gold Coins Amid High Inflation

Zimbabwe will begin to sell gold coins later this month to tame inflation, the country’s central bank announced this week.…

July 8, 2022

For the first time in decades, Somalia has approved foreign banks

It has been decades since Somalia has been open to international business, but on Sunday, the government of Somalia made…

July 5, 2022

Egypt Bulks Up Wheat Supplies With Biggest Purchase In Years

Egypt bulks up the most wheat in a tender with the biggest purchase in years amid the Russia-Ukraine war. Egypt…

June 30, 2022

Kenya Inks Deal With Saudi Arabia To Import Cheap Fuel

Kenya has signed a memorandum of understanding (MoU) with Saudi Aramco, a Saudi Arabian Oil Company, to help import refined…

June 28, 2022

Zimbabwe Plans To Hike The Interest Rate To 190% As Inflation Shoots Past 191% In June

Zimbabwe’s central bank plans to hike the interest rate, already the highest in the world, to 190% to control the…

June 26, 2022

UAE becomes the largest GCC investor in Africa

According to the report, which was based on a survey of 200 sub-Saharan African business executives, the UAE invested $1.2…

June 23, 2022

Kenya Airways Signs Deal To Buy 40 Flying Electric Taxis

In the latest development, Kenya Airways has signed a deal with Eve Holding Inc to purchase 40 flying electric taxis.…

June 23, 2022

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