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- EU cracks down on Kenya’s rose exports over pest interceptions
- Nigeria’s trade activity dips in September as rising inflationary pressure bites
- South Sudan Economy Contracts 6 per cent From Low Oil Revenue and Floods
- AIM Congress 2025: Where delegates will have a front-row seat to the future of finance
- Mastercard Gateway to Drive Digital Payment Integration in 40 MENA Markets
- Ransomware attacks cost healthcare sector $2.57M in 2024 as cases increase
- Stable outlook from Moody’s signals optimism for EAIF’s infrastructure financing in Africa
- The battle for Africa’s resources: Can the continent use it to break free from poverty?
Investing
- AIM Congress 2025 is poised to show innovations that promise to redefine the finance industry at every level.
- The case for emerging digital currencies amid the need for cross-border regulatory requirements to feature in talks.
- Future of finance discussions to encompass fintech, sustainable finance, and risk management.
Globally, an evolution is underway. Innovations are defining the future of finance as individuals and corporations adopt new ways of borrowing, transacting, and investing.
Policy decisions on interest rates in key markets, vice-like regulatory requirements, and the now ubiquitous digital currencies are increasingly pushing governments to adopt mechanisms to accommodate new demands, and a different era emerges.
The tokenization of digital assets
For instance, private lending, the tokenization of digital assets, and the adoption of Artificial Intelligence (AI) in the financial systems’ value chain are fast-defining new modes of cross-border transactions as the future of finance unfolds.
For policymakers, investors, companies, and non-state …
- Moody’s has affirmed the long-term foreign-currency issuer rating of the Emerging Africa Infrastructure Fund (EAIF), a multi-donor financing mobilizer at A2, with a stable outlook.
- EAIF says this endorsement is a pointer to its strong capital position and highly rated shareholder base.
- Founded in 1991, EAIF says has concluded nine rounds of raising funds for infrastructure development in the past two decades.
Global rating agency Moody’s has affirmed the Emerging Africa Infrastructure Fund (EAIF) long-term foreign-currency issuer rating at A2, with a stable outlook.
According to the Jo’burg-based fund, this endorsement signals its “strong capital position, and highly rated shareholder base,” a pointer to resilience in Africa’s infrastructure financing market.
“We are delighted that EAIF’s consistent track record of performance – despite a challenging macroeconomic operating environment – has been reflected in our retention of the A2 rating,” said Martijn Proos, Co-head of Emerging Market Alternative Credit at Ninety One, …
- With its multiple technologies, Bboxx is trailblazing in the green energy space, scaling its operations across Africa and projecting to offset over 20 million tonnes of CO2.
- Bboxx has been awarded Gold Standard certification for carbon credit programs based on solar home systems, clean cooking alternatives, and solar-powered water pumps.
- Implementing carbon programs allows Bboxx to accelerate market growth potential by reaching over 4 million customers in five African countries.
Rwanda-based Bboxx plans to offset over 20 million tonnes of carbon and generate $100 million worth of carbon credits through clean energy projects in Africa.
In this initiative, Bboxx projects to positively impact the lives of over four million customers across Rwanda, Kenya, Nigeria, Togo, and the Democratic Republic of Congo (DRC).
These revelations follow Bboxx’s recognition with the Gold Standard certification for its continued rollout of clean energy projects in five African countries. This certification marks a vital moment …
- Globally, seaweed is increasingly becoming the go-to organic medicine option, and Zanzibar is betting big on this avenue.
- Already, the East African Island’s government is investing in the commercial growth of seaweed.
- What’s more, Zanzibar and the EU are in talks to develop the Island’s aquaculture sector.
Zanzibar seaweed output is increasingly becoming a viable commercial project as the island is tapping as part of diversifying its economy. Increasingly, Zanzibar is putting emphasis on seaweed farming because the global industry of seaweed is growing very fast, especially due to the discovery of critical medicinal properties.
It is reported that diseases such as cancer, diabetes, inflammation, and chronic cardiovascular are major global health problems that can all be remedied by seaweed.
In a research paper titled “Global seaweed farming and processing in the past 20 years,” it is reported that “currently, the chemotherapy and synthetic drugs are widely used in the …
- Second Indonesia-Africa Forum (IAF) underway in Bali, Indonesia, almost clashing with the Forum on China–Africa Cooperation.
- Zanzibar President Mwinyi woos Indonesia investors to Zanzibar as he eyes a pie of the $3.5Bn in investment deals.
- The forum has, however, attracted far fewer participants from Africa compared to the 2018 meeting.
The Africa-Indonesia Investment Forum 2024 which is currently underway in Bali, Indonesia, is expected to generate a whopping $3.5 billion worth of investments. In attendance is the Zanzibar President and Chairman of the Revolutionary Council, Dr Hussein Mwinyi. President Mwinyi is representing the Tanzanian Union President Dr Samia Suluhu Hassan and is in the company of several other African Heads of State.
Present at this Second Indonesia-Africa Forum (IAF), include presidents from Zimbabwe, Rwanda, Ghana and Liberia among others. This High-Level Forum on Multi-Stakeholder Partnerships (HLF MSP) is been held concurrently with the IAF and has attracted well over 855 …
- This [gasoline production] will eliminate all fuel queues in Nigeria. This will improve the health of everybody. This will also make sure that there is consistent supply to the market, says Aliko Dangote.
- Refinery hailed as a big step in weaning Nigeria from its heavy reliance on imported oil products.
- Its capacity to export surplus products, such as aviation jet fuel and diesel, offers additional revenue streams for the country.
Nigeria’s energy sector is poised to experience a monumental shift as the Dangote Oil Refinery, a $20 billion investment on the outskirts of Lagos, started gasoline production on Monday. According to media reports, this development marks a big step towards reducing the country’s heavy reliance on imported oil products.
The refinery, which began operations in January, is set to revolutionize Nigeria’s oil industry, promising to address long-standing challenges that have plagued the nation for decades.
“It’s a very historic, monumental …
- Key reforms ranging from privatisation initiatives in Kenya to financial liberalisation in Ethiopia, are positioning East Africa as a prime destination for PE investment.
- In Uganda, upcoming oil production in 2025 is expected to increase PE activity, particularly in sectors and businesses that will benefit indirectly from the oil industry.
- Tanzania’s one stop facilitation centre introduced in 2023 seeks to streamline the investment process by integrating key authorities that issue permits and approvals.
East Africa is experiencing a surge in private equity (PE) interest, driven by a wave of government reforms that are reshaping the financial industry. Kevin Kimotho, East Africa Private Equity Leader at Deloitte Africa, has highlighted these developments in the firm’s latest Deloitte Africa Private Equity Confidence Survey 2024.
These reforms, ranging from privatisation initiatives in Kenya to financial liberalisation in Ethiopia are positioning East Africa as a prime destination for PE investment.
Currently, Kenya continues …
- In August, Abuja and Malabo agreed to develop the Gulf of Guinea Gas Pipeline, an investment that’s poised to serve as a vital link between Nigeria’s gas reserves and Equatorial Guinea’s modern processing plants.
- Nigeria’s deal adds to another bilateral pact signed in March 2024 when Equatorial Guinea agreed with Cameroon to develop oil and gas projects along their shared maritime border.
- In both cases, however, political stability, regulatory clarity, and strong institutional frameworks will be vital in attracting investors.
In August, Nigeria and Equatorial Guinea signed a historic agreement to construct the Gulf of Guinea Gas Pipeline Project. This ambitious pact will see gas transported from the gas fields of Nigeria to Equatorial Guinea, where it will be processed at the latter’s state-of-the-art LNG facilities located at Punta Europa on Bioko Island.
The deal, which was signed by presidents Teodoro Obiang Nguema Mbasogo of Equatorial Guinea and Bola Ahmed …
- Africa received loans worth $4.6 billion from China last year, an increase from what economies across the continent received in 2022.
- This amount is, however, a far cry from Beijing’s massive infrastructure financing witnessed before the Covid-19 pandemic.
- Beijing will host African leaders for the Forum on China-Africa Cooperation between September 4th-6th.
A total of nine countries in Africa received Chinese loans worth $4.6 billion last year, an increase from what economies across the continent received in 2022. However, this amount is a far cry from Beijing’s massive infrastructure financing that was witnessed before the Covid-19 pandemic.
The new statistics from the Boston University Global Development Policy Centre come just days before Beijing hosts African leaders for the Forum on China-Africa Cooperation, scheduled for September 4th-6th.
In 2023, lenders from China processed approximately 13 loans targeting various projects across the continent with the biggest beneficiary being players in the financial …
