- The mining licences of 470 Tanzanite miners at Mererani have been temporarily revoked over accumulated fees they were supposed to pay to the government.
- Senegal is positioning itself as an alternative source of gas for Europe as Russia cuts supplies of the fuel. Before the Russia-Ukraine war, Russia provided
- Ethiopian has opened the Dire Dawa Free Trade Zone, the country’s first free trade zone that seeks to enable competition with the global trade system.
- Nigeria’s inflation rate jumped from 18.6% in June to to 19.6 % in July, the highest level since September 2005 and more than double the 9% ceiling of the
- The Kenyan diaspora annually contributes hundreds of billions of shillings to national development, but the political economy fails to give voice to this
- William Ruto was declared winner of Kenya's presidential elections after he garnered 7,176,141 votes, equivalent to 50.59% of valid votes cast, beating former
- The Tanzania Rural and Urban Roads Agency (TARURA) on Sunday signed ten contracts with local companies on behalf of 969 contracts for the construction of
- China’s economy unexpectedly slowed in July, with the factory and retail activity squeezed by Beijing’s zero-Covid policy and a property crisis, while the
- Horticulture earnings declined by 40 per cent to Sh48.4 billion from Sh80.7 billion In the first half of the year on the back of reduced returns from flowers,
- The weekly Mombasa Tea Auction held on 10th and 11th August 2022 had 12.4 million kilograms of tea offered for sale. The amount on offer increased from 11.9
- Mozambique has announced that it will start exporting Liquefied Natural Gas (LNG) extracted from the Coral South field, off the coast of Palma district, in
- Nigeria, has announced that it is implementing the proposed 5% tax on voice calls, mobile data and text messages, seeking to tackle a mounting fiscal crisis.
- The Energy and Petroleum Regulatory Authority (EPRA) has retained fuel prices for another month (15th August to 14th September), despite an increase in the
- For the first time since 2017, private sector credit growth recorded double-digit growth in quarter one of this year according to the latest data from the
- B2B travel tech startup Tripesa has announced it has secured a pre seed round (undisclosed) to support the company’s go to market in Uganda and Kenya before
- The South African government received an unsolicited bid for its 40.5% stake in Telkom SA from investment firm Toto Consortium, valued at $433 million.
- Spain's annual inflation rose to 10.8% in July, above market expectations of 10.6%, hitting the highest level since 1984. The figure was 10.2% in June.
- India has announced plans to restrict Chinese smartphone makers from selling devices cheaper than $150, seeking to kickstart its faltering domestic industry
- Sudan secured Chinese backing to begin a $640 million restoration of its railway network, pressing ahead with the ambitious project despite an economic crisis
- Ethiopian Prime Minister Abiy Ahmed kick-started electricity production from the second turbine at its controversial mega-dam on the Blue Nile on Thursday,
- Argentina’s central bank raised its benchmark Leliq rate to 69.5%, representing the largest hike in almost three years and signalling a more aggressive stance
- Kenya’s B2B retail end-to-end distribution platform, MarketForce has slashed its workforce by 9%, as a part of a reorganization strategy in Kenya, one of its
- Sri Lanka's state-run electricity monopoly will raise tariffs by 264% for people consuming the least, while higher users will face a smaller increase, with
- Zambia’s has cancelled yet-to-be disbursed loans from the China Exim Bank and Industrial Commercial Bank of China worth $1.6 billion, seeking to help manage
- Kenya's FinAccess, which digitises Savings and Credit Cooperative Organisations (SACCOs) and farming cooperatives in the East Africa region, has raised
- Inflation in Ghana accelerated at a faster pace than expected in July as a slump in the value of the cedi raised the cost of imported goods like cooking oil
- US inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue
- Longhorn Publishers has expanded to the Democratic Republic of Congo (DRC), seeking to tap the country's vast market of 20 million learners, as well as boost
- Green investments are not more important than tree planting campaigns, but if well-structured can also contribute to increasing Kenya’s forest cover.
- Tanzanian farmers will enjoy massive subsidy over fertilizer during the 2022/23 season, after President Samia Suluhu Hassan launched a fertilizer subsidy
- Hong Kong airline, Cathay Pacific Airways has posted a $637 million loss in the first half of 2022, down from $964.5 million during the same period last year.
- Inflation in urban parts of Egypt quickened to 13.6% year-on-year in July versus 13.2% in June as rising food prices and a local hike in fuel costs added more
