Category: Business

In a public notice last week, the regional lender with operations in Kenya, Uganda, Tanzania, Rwanda and Democratic Republic of Congo said the adjustment of interest rate on loans is intended to reflect the lender’s revised reference rate of 14.69 percent plus a margin based...

The telco has asked its shareholders to approve the establishment of the two firms during its annual general meeting on July 28, 2023.

The independent power producer generates 120 megawatts from its four geothermal wells in the Olkaria Three Complex. However, it did not disclose the anticipated increase in capacity under the project set for completion by the end of this year.

But for the award-winning Ethiopian startup to achieve liftoff has been no easy task. It has had to fight tooth and nail to raise funds, says its youthful boss.

Tira says the move will help improve public understanding and uptake of insurance products in the country where Kiswahili is widely spoken and the national and official language.

Solar is the “oil of the 21st century,” and the most powerful economies will be those that have the cheapest energy, says renowned African banker and entrepreneur Tidjane Thiam.

At the 2023 General Shareholders Meeting of Africa50 and Infra for Africa Forum in Lome, Togo, on July 3, the issue took centre stage, led by African Development Bank (AfDB) president Akinwumi Adesina.

Movable Property Security Rights notices – notices lodged by banks and microfinance to secure the interest of collateral to issue loans — were recorded at 153,176 in the 11 months to May, surpassing 118,157 notices lodged in the 12 months to June 2022, data from...

The latest policy shift seeks to help the regional lender attract and retain global talents in an effort to push through its ambitious Ksh700 billion ($5 billion) marshal plan crafted to support economic activities in East and Central African nations.

A 400kV Olwiyo-Juba transmission line will pick up power from the Olwiyo substation in northern Uganda, which is already operational at 132kV for distribution to Juba.