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Africa - Page 58

Uganda Defence Chief Orders Ministers to Seek Clearance Before Foreign Travel

September 26, 2026

Uganda’s Chief of Defence Forces Gen. Muhoozi Kainerugaba said on Saturday that all ministers must notify him and obtain his clearance before travelling abroad, after questioning Hon. Haruna Kyeyune Kasolo, Minister of

Africa·Business News·Insights

Ruto Signals Deeper AFC Role in Kenya’s Lamu Refinery Push

September 26, 2026

Kenya has increased its shareholding in the Africa Finance Corporation (AFC) by $25 million (3.25 billion shillings), President William Ruto said on Saturday during a visit to the pan-African lender’s headquarters in

Kenyan Protests: President Ruto Dissolves Cabinet

Africa

Ruto Sets Up Independent Task Force To Audit Kenya’s Public Debt

In a move aimed at addressing growing concerns over Kenya’s escalating public debt, President William Ruto announced on Friday the establishment of an independent task force to conduct a comprehensive audit of the country’s public debt. The task force is expected to

July 5, 2024

Kenya Anti-tax Protest: President Ruto Removes Budgets For Offices Of First Lady, Second Lady, Cuts Advisers By Half

Africa·News·World News

President Ruto Removes Budgets For Offices Of First, Second Lady, Cuts Advisers By Half

President William Ruto Makes Major Budget Cuts Amid Anti-tax Protests Kenyan President, William Ruto, has taken significant steps to address the Kenya anti-tax protest by scrapping budgets for the offices of the First and Second Ladies and dissolving 47 state agencies. The

July 5, 2024

Africa·News

Mauritania: 3 Protesters Die In Detention Over Post-Election Unrest

Protests Erupt After Presidential Election In Mauritania, three protesters have died in detention following mass arrests during post-election unrest in the town of Kaedi. The country’s interior ministry announced the deaths on Tuesday, attributing them to the violent protests that erupted after

July 4, 2024

Africa·News

World Bank Approves $208m Grant To Aid Zambia Amid Severe Drought

World Bank Grant for Zambia The World Bank has approved a $208 million grant for Zambia to help mitigate the severe social and economic impacts of the ongoing drought. The country’s finance ministry announced on Tuesday, highlighting the importance of this assistance

July 4, 2024

Africa

Kenya MPs Reject Salary Increment Amid Protests Over High Taxation, Economic Woes

Some lawmakers in Kenya’s parliament have opposed plans by the Salaries and Remuneration Commission (SRC) to hike the salaries of top government officials, stating that there are more pressing issues to be addressed not salary increments. This is as Kenyans continue to

July 3, 2024

Africa·Business News

ATIDI’s Profit Increases By 205% In 2023

· Profit for the year increased by 205% to USD69.1 million as insurance revenue grew by 14% to USD155.7million · The results were validated during the Company’s 24th Annual General Meetings (AGM) held in Livingstone, Zambia, last week. · ATIDI’s next AGM is scheduled to take

July 2, 2024

Africa

Opposition Parties Get 12 Ministries In South Africa’s National Unity Government

In a historic move, South Africa’s President, Cyril Ramaphosa, announced his new cabinet on Sunday, allocating 12 ministerial slots to opposition parties that formed a national unity coalition. This comes after the African National Congress (ANC), the party that has held power

July 1, 2024

ECOWAS Reassesses Community Levy On Imports Amidst Member State Withdrawals

Africa·News

ECOWAS Reconsiders Community Levy On Imports Amidst Member State Withdrawals

The Economic Community of West African States (ECOWAS), has brought the community levy back into the spotlight as it leads the agenda at the ongoing 35th meeting of the Commission’s Committee on Administration and Finance in Abuja. Prime Business Africa reports that

June 30, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Africa·Business News·News

Naira, Ghana Cedis, Egyptian Pounds Rated Worst Performing Currencies

Devaluation and Market Volatility Hit Naira Hardest The naira has emerged as the worst-performing currency globally in the first half of 2024, according to a Bloomberg report released on Friday. The report highlights that devaluation, insufficient dollar liquidity, and market volatility have

June 29, 2024

British International Investment Pledges $75m Bond To Boost MSME Projects In Africa

Africa·News·World News

BII Pledges $75m Projects In Africa, India, Others

British International Investment New Investment in Green Projects British International Investment (BII), the UK’s development finance institution and impact investor, has committed $75 million to the second Green Basket Bond. This bond, arranged by Symbiotics Investments, aims to enhance financing for small-scale

June 29, 2024

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

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Africa - Page 58

Uganda Defence Chief Orders Ministers to Seek Clearance Before Foreign Travel

Ruto Signals Deeper AFC Role in Kenya’s Lamu Refinery Push

Ruto Sets Up Independent Task Force To Audit Kenya’s Public Debt

President Ruto Removes Budgets For Offices Of First, Second Lady, Cuts Advisers By Half

Mauritania: 3 Protesters Die In Detention Over Post-Election Unrest

World Bank Approves $208m Grant To Aid Zambia Amid Severe Drought

Kenya MPs Reject Salary Increment Amid Protests Over High Taxation, Economic Woes

ATIDI’s Profit Increases By 205% In 2023

Opposition Parties Get 12 Ministries In South Africa’s National Unity Government

ECOWAS Reconsiders Community Levy On Imports Amidst Member State Withdrawals

Naira, Ghana Cedis, Egyptian Pounds Rated Worst Performing Currencies

BII Pledges $75m Projects In Africa, India, Others

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Africa - Page 58

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