Generated by Rank Math SEO, this is an llms.txt file designed to help LLMs better understand and index this website. # The Exchange Africa: The Exchange Africa is the continent’s premier investment gateway. We provide the intelligence, analysis, and breaking news that powers decision-making for investors, business leaders, and policymakers across Africa and the globe. ## Sitemaps [XML Sitemap](https://theexchange.africa/sitemap_index.xml): Includes all crawlable and indexable pages. ## Posts - [How Stanbic Bank and ICBC are attracting Chinese tourists to Tanzania](https://theexchange.africa/how-stanbic-bank-tanzania-and-icbc-are-attracting-chinese-tourist-to-tanzania/): To cement trade ties, boost investment flows and encourage tourism between Tanzania and China, Standard Bank and the Industrial Commercial Bank of China (ICBC) have launched the I Go Tanzania loyalty program in partnership with Tanzania Tourism Board. - [Forget South Africa: East Africa now rules in banking industry returns](https://theexchange.africa/east-africa-banking-industry-returns/): “Tanzania and Kenya's strong performance over this three-year period reflects more than cyclical tailwinds. Tanzania delivered the strongest returns of any market in Africa. Kenya - the country that took financial exclusion from 50 per cent to 10 per cent in two decades - is showing what a maturing financial system can deliver. East African institutions have earned the right to be bolder on growth and innovation,” said Henok Eyob, Managing Director and Partner BCG Kenya. - [Lamu over Tanga: The commercial calculus that cost Tanzania $20bn refinery](https://theexchange.africa/dangote-groups-major-refinery-in-east-africa/): Africa's richest man and industrialist Aliko Dangote has finally settled on a port on Kenya’s historic Lamu Island over Tanzania’s Tanga area as the site for his planned 700,000 barrel-per-day oil refinery, an investment estimated at up to $20 billion. - [Kenya’s markets regulator opens the door, but can the investors walk through?](https://theexchange.africa/kenyas-markets-regulator/): Kenya's markets regulator latest licensing round, announced on 6th July represents a calculated push to address a long-standing vulnerability: Nairobi’s over-reliance on sovereign debt and traditional bank lending, a fiscal diet that has left the economy exposed to the whims of global interest rates and bilateral financing. - [Tourism Infrastructure as Economic Catalyst: Lessons from East Africa’s Hotel Development Boom](https://theexchange.africa/hotel-development-east-africa/): East Africa's hotel development pipeline is concentrated in capital cities and established tourist circuits. Nairobi, Dar es Salaam, and Kigali continue to attract international brands. But the economic multiplier effect of tourism is greatest in secondary and tertiary destinations — the places where a new hotel does not just accommodate existing demand but creates new economic activity. - [Is Dubai cleaning dirty gold and blood diamonds from DRC?](https://theexchange.africa/dubai-dirty-gold-blood-diamonds/): The freewheeling city of Dubai in the United Arab Emirates (UAE) is allegedly the main trade terminal for 'dirty gold and blood diamonds' extracted from the jungles of the mineral rich Democratic Republic of Congo (DRC). - [Tanzania: Will mining tax exemption benefit nation or a handful of leaders?](https://theexchange.africa/tanzania-mining-tax-exemption/): Tanzania has passed mining Tax Exemption laws effectively mandating authorities in the East African country to allocate 10% of all mining revenue for new exploration through the Mineral Research Fund. This legislation is however giving rise to question whether the move will develop the sector or it only serves to give international companies leeway into the country’s mining sector and enrich a few government leaders. - [Vivo Energy unveils strategic expansion into the Middle East with Jordan acquisition](https://theexchange.africa/vivo-energy-middle-east-jordan/): Vivo Energy has announced the completion of the transaction to acquire 100 per cent of the shares in TotalEnergies Marketing Jordan. - [Will China’s Renminbi Clearing Bank of Africa push out the dollar?](https://theexchange.africa/renminbi-clearing-bank-africa/): The People's Bank of China has authorised Standard Bank and Industrial and Commercial Bank of China to operate jointly as the "Renminbi Clearing Bank of Africa." For now, the authorization covers 19 countries and it is the very first time that African businesses and financial institutions get direct access to China's capital markets without requiring the dollar as an intermediary. - [How egg prices could shape Kenya’s Central Bank key loan rate decision](https://theexchange.africa/egg-prices-kenya-central-bank-key-loan-rate/): Kenya's June inflation figures, due from the Kenya National Bureau of Statistics (KNBS) on 30 June, may indicate whether the recent rise in food and fuel prices is easing or settling in for longer. Kenya produces about four billion eggs a year but needs around nine billion, a shortfall of roughly five billion eggs filled mainly by imports, with similar yearly gaps in milk, fish and honey. - [Standard Bank’s renminbi clearing status places lender at the centre of a $300bn Africa-China trade corridor](https://theexchange.africa/standard-bank-renminbi-clearing-africa/): In huge shift in the growing need for efficient Africa-China trade finance system, Standard Bank and the Industrial and Commercial Bank of China (ICBC) have been jointly authorised by the People’s Bank of China (PBoC) to clear renminbi transactions across the continent. - [Grey stirs Ethiopia’s digital frontier as remittance bottlenecks choke Africa’s next giant](https://theexchange.africa/ethiopian-birr-ethiopia/): This is the gap that Y Combinator-backed cross-border payments platform, Grey, is seeking to bridge. The company has now added the Ethiopian Birr, alongside the Argentine Peso, Chilean Peso, and Thai Baht, to its payout network, expanding local currency access for users in all four markets. - [Uganda’s quiet bid to challenge Kenya in horticulture exports](https://theexchange.africa/horticulture-exports-uganda-kenya/): The scale gap is real. Kenya earned about $1.06 billion from horticulture exports in 2024, down from $1.21 billion the year before, a softer year blamed on a stronger shilling and Red Sea shipping disruption. Even after that dip, the sector dwarfs Uganda's. Much of Kenya's advantage sits at Jomo Kenyatta International Airport (JKIA), the established East African air-cargo hub, where exporters draw on extensive pack-house and cold-room capacity built specifically for perishables. Decades of freighter frequency, buyer relationships and certified supply have compounded into a lead that will not close quickly. - [Kenya signs $1.2bn JKIA upgrade deal with China’s CRBC but legal cloud looms over tender](https://theexchange.africa/jkia-upgrade-crbc-tender-questions/): Kenya has formally awarded the KSh154.2 billion ($1.2 billion) contract to modernise the Jomo Kenyatta International Airport (JKIA) to China Road and Bridge Corporation (CRBC), in a landmark infrastructure deal that aims to nearly triple the airport's passenger capacity and secure Nairobi’s status as East Africa’s premier aviation hub. - [Legal chaos in Kenya threatens to derail $2.3 billion Asahi-EABL landmark deal](https://theexchange.africa/eabl-asahi-transaction/): A high-stakes legal battle is brewing in Kenya and now threatens to scupper one of East Africa’s largest-ever foreign direct investments, as Japanese beverage giant Asahi Group Holdings faces a coordinated campaign of litigation aimed at blocking its $2.3 billion acquisition of Diageo’s controlling stake in East African Breweries PLC (EABL). - [Kenya’s Family Bank goes public, marking the Nairobi bourse’s biggest private-sector listing since 2009](https://theexchange.africa/family-bank-nse-listing-2/): Family Bank on Tuesday became the largest private-sector company to list on the Nairobi Securities Exchange (NSE) in more than 17 years, in a landmark transaction that market participants hope will reignite corporate listings and deepen Kenya's capital markets. - [We Cannot Build Unity on Silence: An Interview with Amb. Fred Ngoga on Justice and Burundi’s Future](https://theexchange.africa/burundi-tutsi-discrimination/): In a wide ranging interview, Ambassador Fred Ngoga Gateretse, who is the Head of the conflict prevention and early warning division at the African Union Commission (AU), confronts one of the most volatile and sensitive issue in the Great Lakes region: The persistent allegations of systemic discrimination against the Tutsi community in Burundi. - [Kate Walsh calls for global action to protect the oceans as Kenya hosts historic Our Ocean Conference](https://theexchange.africa/kate-walsh-protect-oceans/): At a defining moment for the future of the world's oceans, actress, advocate, and Oceana ambassador Kate Walsh joined global leaders, policymakers, scientists, conservationists, and coastal communities at the 11th Our Ocean Conference (OOC11) in Mombasa, Kenya. - [Women’s entrepreneurship and economic empowerment within fisheries value chains ](https://theexchange.africa/womens-entrepreneurship-fishing/): As we explore women's entrepreneurship and economic empowerment in the Q&A that follows, Dr. Hicks offers a vision that is at once practical and transformative: one where financial inclusion, climate adaptation, and sustainability are woven together through the radical act of listening to—and investing in—the women who feed Africa's coastal communities. - [What healthy, just and resilient food systems should look like in Africa ](https://theexchange.africa/resilient-food-system-africa/): As the 11th Our Ocean Conference convenes in Mombasa, the first time this global gathering has been held on African soil, the focus shifts to a continent blessed with both immense marine wealth and profound food system challenges. - [Beyond extraction: Singapore offers tech partnership as Tanzania opens door to EAC free trade talks](https://theexchange.africa/shanmugaratnam-singapore-tanzania/): At his landmark public address delivered at the University of Dar es Salaam on Tuesday,  President Shanmugaratnam said his visit effectively  reframes the strategic partnership between the entire Southeast Asia and East Africa. - [Cutting the cost of Africa’s energy transition with the right flexibility mix](https://theexchange.africa/energy-transition-africa-4/): Africa’s energy transition is entering a decisive phase. With some of the world’s best solar and wind resources, the continent is uniquely positioned to leapfrog into a low-cost, renewable-powered future. - [Why fish and fisheries may be Africa’s most overlooked food security solution](https://theexchange.africa/food-security-africa-fish/): As global food security systems reel from supply chain shocks, climate volatility, and geopolitical conflict, a quiet consensus is emerging among marine scientists and nutrition economists: Africa’s most resilient, nutrient-dense, and locally embedded food source is not a grain or tubers, it is fish. - [BAT Kenya posts record dividend as illicit trade eats nearly half of cigarette market](https://theexchange.africa/bat-kenya-illicit-trade/): BAT Kenya shareholders have approved a final dividend of $0.46 (KSh60) per share at the company’s 74th Annual General Meeting on Monday, bringing the total payout for the year ended 31 December 2025 to a record $0.54 (KSh 70) per share, the highest in the cigarette maker’s history. - [Shipping costs to Mombasa and Dar es Salaam surge as Maersk raises peak season surcharge](https://theexchange.africa/shipping-costs-mombasa-dar-es-salaam/): As pointed out, China supplies the largest amount of consumer merchandise, household items, electronics, and clothing entering the EAC regional markets it follows that the spike in shipping costs will be forwarded to end user prices, triggering inflation across the region. - [How to assess legitimate trading platforms in Kenya using trust, transparency and risk controls](https://theexchange.africa/legitimate-trading-platforms-in-kenya/): As more people compare legit trading platforms in kenya, the discussion has become less about access and more about verification. Finding a platform is relatively easy. Confirming who sits behind it is a different task. - [Kenya secures landmark EU data adequacy pact in first for Africa](https://theexchange.africa/eu-data-adequacy-pact-kenya/): Kenya and Belgium have agreed on a host of major economic bilateral pacts including a Data Adequacy pact, making Kenya the first African country to obtain an EU data adequacy pact. Kenya's President William Ruto secured the deals earlier this week during his State visit to Brussels, Belgium. - [Kenya’s $37.3 billion budget that promises everything except development](https://theexchange.africa/kenya-fy2026-27-budget-development/): Kenya’s Treasury Cabinet Secretary John Mbadi presented a Sh4.82 trillion ($37.3 billion) budget to Parliament on Thursday that explicitly rules out new taxes on ordinary citizens, but leaves the East African economy walking a narrow fiscal tightrope between mounting debt service, a widening deficit and the urgent need to rev up growth amid global turmoil. - [UNEP lauds Ghana tree planting push, terms it continental blueprint](https://theexchange.africa/tree-planting-ghana-continental-blueprint/): Ghana's national tree planting initiative follows a similar drive adopted halfway across the planet in Azerbaijan. Notably, the World Environment Day celebrations were globally commemorated on 5 June 2026, in Baku, the Republic of Azerbaijan. - [Blue-Raman: What EU funded new internet cable means for EAC](https://theexchange.africa/blue-raman-internet-cable/): The European Union has committed $42.8 million to extend Google’s Blue-Raman undersea cable into East Africa, Kenya's President William Ruto has announced. - [Kenya’s huge food deficit mask a deeper failure of finance, FSD Kenya reveals](https://theexchange.africa/agricultural-finance-kenya/): Every year, Kenya faces a food supply gap of roughly five billion eggs, up to 7.5 billion litres of milk, 340,000 metric tonnes of fish and 5,500 metric tonnes of honey, new data released in a government-backed survey shows. - [Tanzania eyes Belarusian tractor model and motor pools to unlock untapped farmland](https://theexchange.africa/tanzania-and-belarus-trade-agriculture/): Tanzania and Belarus have entered a second round of diplomatic talks for agriculture mechanisation and to expand its cash crop market particularly export of coffee, tea, cashew nuts and horticultural products. The development comes following this week's state visit to Tanzania by the Belarus Speaker of the House of Representatives, Natalya Kochanova. - [AI-first telcos will lead the race in Africa](https://theexchange.africa/ai-first-telcos-will-lead-the-race-in-africa/): Read also: AI Everything Kenya x Gitex Kenya stirs Nairobi as East Africa embraces new AI blueprint - [Tanzania and Russia agree on $2 billion worth of investments at SPIEF](https://theexchange.africa/tanzania-russia-partnership/): Tanzania and Russia have entered several investment agreements at the just ended St. Petersburg International Economic Forum (SPIEF). The high-level forum attracted more than 24,000 participants from over 140 countries, including heads of state, investors and executives from world leading companies representing various economic sectors. - [Kenya doubles down on last-mile connections and mini-grids to achieve universal electricity by 2030](https://theexchange.africa/universal-electricity-kenya/): Kenya set out to achieve universal electricity access by 2030, with only four years remaining, stakeholders question whether the goal is achievable. - [How DRC managed eurobond over-subscription despite conflict, ebola](https://theexchange.africa/drc-eurobond-over-subscription/): DRC eurobond has beat critics doubt upon first issuance. Against all odds, the Democratic Republic of Congo (DRC) has managed to hold and grow investor confidence evident in the over-subscription of its debut eurobond issue that is to be listed on the London Stock Exchange. - [Renewable energy opens door to mass desalination in water-stressed Africa](https://theexchange.africa/renewable-energy-water-desalination/): Where a plant might have relied on dedicated fossil-fuel generation, hybrid renewable energy systems now produce water at tariffs increasingly competitive with overexploited groundwater or distant surface supplies. - [Ecobank pioneers world first nature bond to protect Africa’s fragile natural ecosystems](https://theexchange.africa/nature-bond-ecobank-ecosystems/): Pan-African banking giant Ecobank Group has announced the issuance of nature bond at the London Stock Exchange attracting global capital to help protect the continent's increasingly fragile biodiversity amid adverse impact of climate change. - [IFTEX 2026 opens in Nairobi as industry leaders call for sustainability, market expansion and stronger trade partnerships](https://theexchange.africa/iftex-2026-flower-industry-trade-partnerships/): Kenya has cemented its position as one of the world’s leading floriculture exporters with key industry leaders, government officials, regulators and international trade partners gathering in Nairobi for the opening of the 13th International Flower Trade Exhibition (IFTEX 2026), the continent’s largest flower industry trade show. - [China’s Swahili‑speaking electric cars target Africa’s fast‑growing market](https://theexchange.africa/electric-cars-swahili-china/): 'Umefikia!' 'You have arrived! We have all become accustomed to the digital GPS female instructor's voice. This automated artificial instructor will soon be speaking in Swahili thanks Chinese automobile companies drive to capture the fast growing Africa Electric Vehicle (EV) market. - [Is Morocco the new loophole? How Beijing is bypassing western electric vehicles’ tariffs](https://theexchange.africa/electric-vehicles-china-eu-markets/): China's Electric Vehicles (EVs) and related complimentary components face heavy tariffs imposed by Europe and the U.S. to protect their domestic industries. To cleverly circumvent this hurdles, Beijing is setting up shop in strategic locations that have zero tariffs deals with the EU and U.S. such as Morocco, the North African country that has overtaken South Africa on industrialization. - [Ebola virus: WHO boss seeks a united front against rare strain ravaging East Africa](https://theexchange.africa/ebola-virus-fight-drc-2/): In Ituri Province in the Democratic Republic of Congo, the World Health Organization (WHO) Director-General Tedros Ghebreyesus has a reassuring messages to thousands of locals reeling from the danger of rare Ebola virus Bundibugyo. - [U.S. pours $162 million into rare Ebola virus fight as East and Central Africa reels](https://theexchange.africa/ebola-virus-fight-drc/): The U.S. support to economies across East and Central Africa to combat the spread of the rare Bundibugyo strain of Ebola virus that has caused over 1,000 suspected cases and at least 246 deaths has exceeded $162 million. - [Tanzania’s lemongrass trade eyes global wellness boom as value addition and AI become entry tickets to lucrative markets](https://theexchange.africa/lemongrass-production-opportunities/): Tanzania lemongrass production is growing thanks to favourable global consumer behavior change towards organic products and the related global growth of the wellness market. - [Africa’s growth holds firm amid persistent global turbulence, says 2026 AfDB survey](https://theexchange.africa/africas-growth-global-turbulence/): Africa’s growth is projected to average 4.2 percent this year, moderating slightly from 4.4 percent in 2025, before rebounding to 4.4 percent in 2027. The findings of the 2026 African Economic Outlook, released on Tuesday at the African Development Bank Group Annual Meetings in Brazzaville, underscore the continent's continued resilience in the face of geopolitical tensions, tighter global financial conditions, and supply chain disruptions. - [East Africa’s agro-industrialisation push opens machinery and logistics investment window](https://theexchange.africa/east-africa-agro-industrialisation-incentives/): As Tanzania, along with the rest of East Africa, looks to industrialize, it has extended various incentives that promise high returns on investment, so much that investors from across the world are flocking in. Agro-industrialisation, the phrase has been conjured from cyclic nature of Africa's industrialisation ambitions. - [Token unlocks are becoming a structural risk in digital asset markets, says D24 Fintech](https://theexchange.africa/token-unlocks-digital-asset-d24-fintech/): “Large token unlocks are also introducing regulatory and compliance risks,” continued D24 Fintech. Significant asset movements are triggering AML and KYC alerts, and without preconfigured compliance workflows, exchanges are facing delays in transaction monitoring or increased regulatory scrutiny. - [How Tanzania is franchising its way to a new economy](https://theexchange.africa/franchising-africa-economy/): Tanzania has embarked on a small business formalization project that will in effect increase its Real National Income. Dubbed, the Africa Franchising Accelerator Project (AFRAP), the initiative is backed by the African Development Bank (AfDB) and implemented by the Tanzania Private Sector Foundation (TPSF). - [‘We are giving our data away’: African AI race risks leaving continent as consumer, not creator](https://theexchange.africa/african-ai-data-ai-everything/): African AI (Artificial Intelligence) ambitions collided with hard economic reality last week as a high-level panel at the inaugural AI Everything Kenya x Gitex Kenya conference warned that the continent risks becoming a net consumer of AI technologies rather than a generator of proprietary innovation. - [Africa at the Forefront: The urgent need to diversify energy supply chain](https://theexchange.africa/energy-africa-energy-supply-chain/): In this climate of ever shifting geopolitical sands, Africa is well positioned to take advantage of these developments by developing its natural resources and processing same, argues Dele Kuti, Global Head, Energy at Standard Bank Corporate & Investment Banking As we approach the second half of the year, it is important to reflect on the busy first half. After a hectic 2025, most observers would have expected some form of respite. Unfortunately, respite will not likely be a word associated with the half of the year2026. The Oil and gas and the broader energy sector, an industry I have worked in for decades has seen some of the worst turbulence, as prices react to the conflict and geopolitical tensions in the Middle East. This turmoil has inflicted unintended knock-on adverse impacts on the price and availability of key energy products and important goods and services such as fertiliser, shipping and logistic services as a result of the closure of the Strait of Hormuz. Froman inflation monitoring perspective, we have gone from anticipating interest rate cuts, to predicting increases to curb the impacts on the population and protect the value of the ZAR. The protagonists of the ongoing conflict may be limited in number, but the impact of their clash has been widespread, and its reverberations are sure to continue for a while to come. The case for diversification, the path to a new world order   As uncertainty on the length and nature of the Middle East conflict continues, investors and discerning value-chasers are searching for sure footing with predictable outcomes. One of the major beneficiaries of the unintended conflict has been the Dangote Petroleum Refinery and Petrochemical Company "The Dangote Refinery.’’ The Dangote Refinery has emerged a gamechanger, having taken advantage of the opportunities presented by the conflict. Officially opened in January 2024, Dangote Refinery has an installed capacity of 650,000 barrels of oil per day (bodp),the refinery represents Africa’s biggest refinery and the world’s largest single-train facility The Dangote Refinery has reportedly increased production and supply given the increase in global demand, thereby making Nigeria a net fuel exporter of refined petroleum as of March 2026 especially the much-needed aviation /jet fuel which in high global demand to various destinations including west African countries and Europe. Plans are underway to double the capacity of the refinery to 1.3million barrels per day processing capacity and a third fertiliser plant. We must hail the strategic vision of the sponsors of this and similar projects, by celebrating their courage, resilience and grit. As a result of the success of the Dangote refinery, Dangote Group is now building a fertiliser plant in Ethiopia, a refined petroleum storage terminal in Namibia and potentially a regional refinery in East Africa all centred around supplying Africans with their daily needs. Through a mixture of natural endowment and clever policy formulation including regional cooperation,  countries in West and Central Africa have been able to weather the current storm of refined products availability. The countries have placed themselves at the forefront of taking advantage of the turmoil in developed markets. In times of uncertainty, these are valued traits that should not be taken for granted. As a famous adage goes, “80% of success is showing up”. Read also: Mattei Plan anchors Italy-Kenya investment pitch from energy to tourism Shifting sands of trade  The current situation has created conditions that make it possible to imagine a new world order. In this light, Africa has become attractive to the global investment community as a stable source of energy and related infrastructure empowering the world. In the past few weeks, we saw the United Arab Emirates (UAE) announce their departure from the Organisation for the Petroleum Exporting Countries (OPEC), an organisation they helped build up. This is a groundbreaking event that could potentially have longer term implications for energy pricing especially crude oil. In this climate of ever shifting geopolitical sands, Africa is well positioned to take advantage of these developments by developing its natural resources and processing same on the continent, thereby driving economic growth in the continent. According to various surveys, including World Economic Outlook Update, Global Economy: Steady amid Divergent Forces, several African economies are expected to rank among the fastest‑growing globally in 2026 and the years ahead. According to Standard Bank’s own B20 Leadership Perspectives seven of the ten fastest-growing trade corridors now bypass the United States, pivoting instead toward Asia and the Middle East. This shift and development have been ably aided by regional cooperation through the pioneering effort of the African Continental Free Trade Area (AfCFTA). Ratified by more than 48 African states, AfCFTA is expected to raise collective income by US$450 billion by 2035 and increase intra-African trade by over 80%. This will service a burgeoning population of 1.4 billion people and offer a viable alternative to ructions we have seen from previously predictable global policy points such as tariffs and free trade agreements. Read also: The stakes and risks in Dangote Refinery’s $5bn grand bet for a Pan-African IPO Alternative energy solutions The African continent has long played a secondary role in shaping global events, energy being one of the main characteristics of the sedentary role. We, now, can play a role in helping to choose the direction of global decision making. We cannot afford to waste this chance of building a platform for future generations and accelerating investments to alternative energy solutions for the continent. I have the privilege of working for a 164-year-old startup that has nailed its colours to the mast of Africa’s development. I share wholeheartedly in the belief that we are a few good decisions away from a boom in integrated growth. This confluence of events is rare and we dare not squander the opportunity they present lest future generations look back on our time as a time of missed opportunity. Op-Ed by Dele Kuti, Global Head, Energy at Standard Bank Corporate & Investment Banking - [Half of Africa’s $3.6 trillion GDP in 2026 will come from just 5 countries](https://theexchange.africa/economic-growth-africas-gdp/): Only five countries are responsible for almost half of Africa's GDP, the International Monetary Fund (IMF) has revealed. According to the IMF, the 2026 Africa economic growth value is projected to be around $3.6 trillion out of which, approximately $1.8 trillion is expected to emanate from only five countries. ## Pages - [Editorial Policy: The Exchange Africa](https://theexchange.africa/editorial-policy-the-exchange-africa/): At The Exchange Africa, we recognize that the quality of our reporting is our most valuable asset. Our readers—investors, policymakers, and business leaders—rely on us to provide accurate, unbiased, and insightful analysis of African markets. This Editorial Policy outlines the standards we uphold to maintain that trust. - [About The Exchange Africa](https://theexchange.africa/about-the-exchange-africa/): The Exchange Africa is the continent’s premier investment gateway. 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You will have the opportunity to accept the new price or cancel your subscription or purchase from that point forward. Applicable taxes may vary. We are not able to notify you in advance of changes in applicable taxes. If a stated price is determined by us in our sole discretion to be in error, we are not under any obligation to offer you the product at that price. We will notify you of the error and give you the opportunity to cancel your order and obtain a refund if payment has already been made. Additional Costs Your paid subscription will include access to full digital product, which includes the online version of the Premium Print Edition. When you activate the Premium Print Edition online, you may incur other additional charges from third party service providers, such as telecommunications fees, data fees or service provider fees. You are responsible for paying any additional charges. If you believe someone else has used your account or you are being charged for a product you do not have, please contact our Customer Care group. 1.5. Billing 1.5.1. Billing of Digital Subscriptions We will charge or debit your payment method at the beginning of your subscription or, if applicable, at the end of your free trial period. Billing will continue according to the cycle stated at the time of your order. The Exchange digital subscriptions are renewed automatically. When we renew your subscription, we will use the payment method currently associated with your account. If you redeem a gift subscription and choose to extend your subscription at the time of redemption, that subscription will renew automatically. You can view your payment method at any time in the My Account area of TheExchange.Africa In most cases, you will not be notified in advance of impending renewals and you expressly agree to waive the application. Please see our Cancellation and Refund policy below for information about canceling. 1.5.2. Billing of One-Time Purchases When you make a one-time purchase (for example, a subscription sponsorship or standalone product such as an article from our archives or a gift subscription), we will charge or debit your payment method at the time of purchase. 1.5.3. Currency The currency in which you will be billed will be stated during the purchase process and is determined based on your billing address. 1.6. Unpaid Charges If your credit card expires or your payment method is otherwise invalid, your subscription or product will not automatically be terminated. You will remain responsible for all charges. You will be responsible for all costs we incur in connection with the collection of unpaid amounts, including court costs, attorneys' fees, collection agency fees and any other associated costs. 1.7. Promotions We may occasionally offer promotions. The specific terms of each promotion are stated at the time the promotion is offered. Each promotion may be different. Promotions cannot be combined. You are required to provide your payment details when you sign up for a promotion. At the end of the promotion, your subscription will automatically renew at the rates displayed at the time of purchase. We will not notify you in advance that the promotion is about to end and we will not notify you when your promotional rate has ended. To cancel and avoid being charged, you must notify us before the promotion ends. 1.8. Third Parties If you have purchased your product through a third party, these Terms of Sale may not apply to you. We are not liable to you for any claims related to purchases made through third parties. Please contact the third party directly. _____ 2. CANCELLATION AND REFUND POLICY 2.1. Cancellation and Refunds of Digital Subscriptions When you cancel a subscription, you cancel only future charges associated with your subscription. You may notify us of your intent to cancel at any time, but the cancellation will become effective at the end of your current billing period. Except in the case of certain promotions, you can change or cancel your digital subscription at any time by calling Customer Care at +254-710-209-860 or emailing at customercare@exchange.co.tz Cancellations are effective the following billing cycle. You will not receive a refund for the current billing cycle. You will continue to have the same access and benefits of your product for the remainder of the current billing period. We reserve the right to issue refunds or credits at our sole discretion. If we issue a refund or credit, we are under no obligation to issue the same or similar refund in the future. Changes to Content or Access We reserve the right to make changes to our digital products at any time. If we temporarily reduce or eliminate the charge for content or access that you are currently paying for under different terms, you will not receive a refund. Cancellations by Us We reserve the right to suspend or terminate your subscription or product for any reason, with or without notice and without further obligation. You will not be entitled to a refund in these circumstances. If any or all of our digital products are temporarily unavailable, you will not receive a refund. We reserve the right to issue refunds or credits at our sole discretion. If we issue a refund or credit, we are under no obligation to issue the same or similar refund in the future. 2.2. Cancellation During Promotional Periods Certain promotions may not permit cancellation during the promotional period. You agree to the cancellation and refund terms stated at the time of purchase. 2.3. Changing your Subscription When you change your subscription, you will receive a pro-rated credit toward your new subscription. 2.4. Cancellation and Refunds of One-Time Purchases One-time purchases cannot be canceled or refunded. We reserve the right to make changes to our digital products at anytime. If we temporarily reduce or eliminate the charge for content or access that you are currently paying for under different terms, you will not receive a refund. If any or all of our digital products are temporarily unavailable, you will not receive a refund. We reserve the right to issue refunds or credits at our sole discretion. If we issue a refund or credit, we are under no obligation to issue the same or similar refund in the future. - [Newsletter](https://theexchange.africa/newsletter-1/): Get the latest insights and analysis on the African business landscape with our daily news emails. From the biggest deals and major market trends to the rising stars and innovative start-ups, we bring you the most comprehensive coverage of African business. - [Privacy Policy](https://theexchange.africa/privacy-policy/): We reserve the right to update or change our Privacy Policy at any time and you should check this Privacy Policy periodically. Your continued use of the Service after we post any modifications to the Privacy Policy on this page will constitute your acknowledgment of the modifications and your consent to abide and be bound by the modified Privacy Policy. - [Contact](https://theexchange.africa/contact/): Mpesi Lane, Westlands11th Floor, Westpark Towers,
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## - [The Aga Khan IV, Prince Karim Al-Hussaini, Passes Away at 88.](https://theexchange.africa/?p=147292): His Highness Prince Karim Al-Hussaini, Aga Khan IV, passed away at 88 in Lisbon. 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[Net Worth](https://theexchange.africa/business/net-worth/) The Exchange Africa is the leading source for business, finance, economy and market news across the continent. We deliver trusted analysis, data driven insights and real time reporting on trade, startups, policy and investment shaping Africa’s future.