Tanzania sees 25% spike in mobile money transactions amid digital economy shift
Share FacebookTwitterLinkedInPinterestEmail Tanzania is rapidly transforming into a digital economy, with significant growth in mobile money accounts and transaction values. Mobile money transactions increased by 25.2% to 1.1 trillion TZS in December 2024, with mobile money account subscriptions rising by 3.9% to 63.2 million. M-PESA...
Kenya’s path to fiscal stability wins global recognition with Moody’s upgrade
Share FacebookTwitterLinkedInPinterestEmail Moody’s has revised Kenya’s sovereign credit outlook from “negative” to “positive,” marking a key shift just seven months after the country’s downgrade. Despite the optimistic revision, Kenya’s fiscal landscape remains fraught with challenges. Kenya’s revenue collection efforts remain a critical factor in the...
DRC terms M23 Rebels’ takeover of Goma a ‘Declaration of War’ by Rwanda
Share FacebookTwitterLinkedInPinterestEmail M23 rebels, backed by Rwanda, have seized Goma in eastern DRC, prompting accusations of a “declaration of war” from the Congolese government. The conflict has escalated tensions between DRC and Rwanda, with international calls for de-escalation and emergency summit planned in Nairobi to...
Java House restaurant chain sold in undisclosed multi-million dollar deal
AfricaAfricaCompany NewsDestinationsEast AfricaEntertainmentFood & DrinkGlobal NewsIndustry & AnalysisLifestyleLuxuryNews & AnalysisShoppingThe Big StoryTravel Java House restaurant chain sold in undisclosed multi-million dollar deal by Paul MurungiJanuary 27, 2025January 27, 2025 Share Tweet Pin it Share Email More Java House cafe at Shell Ambercourt station in Jinja....
Citigroup announces full redemption of series V preferred stock
Citigroup announces full redemption of series V preferred stock citi Citigroup Inc. is redeeming, in whole, all $1.5 billion aggregate liquidation preference of Series V Depositary Shares representing interests in its 4.700% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series V (the “Preferred Stock”)....
Donald Trump among 40 key leaders shaping Africa’s energy industry in 2025
Share FacebookTwitterLinkedInPinterestEmail US President Donald Trump is among the top 40 Movers and Shakers who are poised to drive change in Africa’s energy sector this year. The list by the African Energy Chamber includes various Heads of State and Captains of industry whose focus on...
Algeria’s bid round paves the way for $50Bn hydrocarbon investment drive
Share FacebookTwitterLinkedInPinterestEmail Algeria has launched a $50Bn investment drive to revitalize its hydrocarbon sector, starting with a 2024 licensing round offering six onshore blocks to domestic and international investors. Backed by extensive seismic data and a transparent bidding process, the initiative aims to attract global...
INVESTIGATION: Auditor General faults ICT Ministry for mishandling UGX 14 billion innovators’ fund
AfricaAfricaCompany NewsEast AfricaFintechsGovernment AgenciesICTManufacturingMinistries, Agencies & DepartmentsNews & AnalysisPolitics & GovernmentTechnologyThe Big Story INVESTIGATION: Auditor General faults ICT Ministry for mishandling UGX 14 billion innovators’ fund by CEO ReporterJanuary 24, 2025January 24, 2025 Share Tweet Pin it Share Email More A photo collage of ICT...
Social Media