Most Recent World News

Egypt, Poland Discuss Gas Cooperation in Cairo

Egyptian President, Abel Fattah El-Sisi, received Monday, Polish President Andrey Duda in Cairo. Duda is in the North African country on a three-day state visit. On Monday, the Polish President,.

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Safaricom Investment Co-operative Launch $6.4 Million Real Estate Project

Safaricom Investment Co-operative plans to start construction on a KSh750 million (US$6.43 million) real estate project in Ruaka, Kiambu County, to meet the county’s growing demand for affordable housing. The.

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S.Africa’s Gold Fields to become fourth-biggest gold miner with Yamana deal

South Africa’s Gold Fields Ltd is set to become one of the four biggest gold miners in the world after agreeing to acquire Canada-based Yamana Gold in a $6.7 billion.

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AfDB Signs US $70 Million Agreement With Ghana For Solar Electrification

The African Development Bank (AfDB) has signed a financing agreement with the government of Ghana for the implementation of a rural electrification project using stand-alone solar systems worth $70 million..

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Kenya raises key interest rate to tame inflation

On Monday, the Central Bank of Kenya raised its policy lending rate by half a percentage point to stem rising inflation and stabilise the shilling. The increase in the central.

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We’re developing investment banks for youth-owned businesses — AfDB

African Development Bank (AfDB) says it is designing financial institutions that will invest in businesses owned by youths. Akinwumi Adesina, President, AfDB, said this on Friday at the end of.

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Private sector calls for tax uniformity across EAC

The private sector in the East African Community has proposed the harmonisation of several taxes including value-added tax, income tax and excise duty in the 2022/2023 budget, arguing this will.

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S.Africa’s central bank flags inflation as major risk to domestic financial system

On Wednesday, South Africa’s central bank said the risk of a spillover of the Russia-Ukraine war could hurt the country’s financial stability through rising food and fuel inflation, lower economic.

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Africa risks stagflation due to pandemic, Ukraine war – AfDB

Africa risks sliding into stagflation – a cycle of slow growth and high inflation – as it battles the lingering effects of the pandemic and rising fuel and food prices.

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C.A.R to Launch Bitcoin Investment Platform Called ‘Sango’

The Central African Republic’s presidency announced the establishment of the continent’s first legal Bitcoin Investment Platform called ‘Sango’, extending the impoverished country’s embrace of digital finance despite warnings from the.

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