CAF to unveil new WAFCON trophy Wednesday
The Confederation of African Football is set to launch a new trophy on Wednesday ahead of this year’s WAFCON tournament which will be played from July 5 to 26 in Morocco. CAF made the announcement on Sunday, three days…
Nigerian Banking Tech Firm Debuts In Untapped Ethiopian Market
A Nigerian financial technology provider hopes to expand its business in Ethiopia following the successful execution of a digitalization contract with one of the scores of microfinance institutions operating in the country. Qore Technologies was recently hired to digitalize the…
Tanzania strengthens global mining ties
TANZANIA’S mining sector gained international trust as Nesch Mintec Private Limited signed an agreement with Saudi Arabia’s New Future Mining Company to establish a modern mineral testing laboratory in Jeddah. Tanzania Investment Centre Executive Director Gilead Teri pledged continued…
African Leaders Urge U.S. to Embrace Investment-Driven Partnerships and Review Tariffs
African leaders have called on Monday for an urgent review of U.S. tariffs on African exports, urging a shift towards transformative partnerships and investment in Africa’s economic potential. Addressing more than 2,000 government and business leaders, and other delegates…
Congo to Kenya: The Long Road of Illegal Timber
Many illegal loggers sell to exporters with established links to foreign markets. Bribery and border gaps At the Kasindi border crossing between the DRC and Uganda, timber exporters face a labyrinth of informal fees and harassment. They…
Ethiopia opens banking sector to foreign investors for first time in 50 years
Ethiopia’s central bank has issued a long-awaited directive allowing foreign banks and investors to formally enter its financial sector, marking a major step in the country’s broader economic liberalisation programme. The move comes after years of reform commitments and follows…
DR Congo and Rwanda sign long-awaited peace deal in Washington
Rwanda and the Democratic Republic of Congo have signed a peace deal in Washington aimed at ending decades of devastating conflict between the two neighbours, and potentially granting the US lucrative mineral access. The deal demands the “disengagement, disarmament and…
Ghana ranks among top 6 African economies in Intra-African trade
This was revealed in the 2024 Africa Trade Report, released during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria. The figure represents a marginal increase from 2023 and encompasses both exports and imports with other African nations. Export growth and…
Tanzania set to open up electricity distribution
Tanzania set to open up electricity distribution The government is preparing to invite private investment into electricity transmission projects for the first time, marking a new milestone in the country’s efforts to deepen private sector participation in the energy sector.Speaking…
Tanzania’s Gold Sector Gets a Boost: Small-Scale Miners React to Levy Reduction
Geita. Small-scale gold miners have expressed relief following the government’s decision to cut the mineral trading levy from 7 to 4 percent for those selling directly to the Bank of Tanzania (BoT). The move is expected to boost formal trade,…