UN Pledges $100 Million to Address Critical Humanitarian Crises
The United Nations allocated $100 million from its Central Emergency Response Fund (CERF) on Friday to support critically underfunded humanitarian operations in some of the […]
Finance
South Africa’s Johann Rupert dethrones Aliko Dangote as the continent’s richest man
Nigeria’s Aliko Dangote has been bumped from his position as Africa’s richest person, according to the latest Bloomberg Billionaires Index. South African businessman Johann Rupert, […]
Mozambique received 8.9 billion euros in investments between 2019 and 2023
On Monday August 26, Mozambican President Filipe Nyusi announced that Mozambique is set to attract approximately 8.9 billion euros in investments from 2019 to 2023. […]
Kenya: Authorities temporarily break budget deadlock
the Supreme Court has granted Kenyan President Ruto the authority to temporarily uphold the taxes introduced under the Finance Act 2023 until further court hearings. […]
ExxonMobil earmarks $90M for seismic exploration in Egypt
ExxonMobil has allocated $90 million for seismic exploration in Egypt, focusing on a 15 km area within its concession north of Marakia in the Western […]
Kenya Revives Controversial Tax Plans, Sparking Fears of Unrest
Kenya is set to reintroduce a modified version of its controversial eco-levy tax, potentially reigniting tensions that led to widespread protests earlier this year. The […]
Bank of Mozambique Revokes Penalties for Non-Compliance with Reserve Requirements
The Bank of Mozambique (BdM) has revoked the penalty that led to the blocking of accounts for financial institutions that incurred a deficit in the […]
Nigeria: Education Loan Fund for public universities’ students
Nigeria’s President Bola Tinubu launched on August 14 the Nigerian Education Loan Fund, emphasizing the importance of education in the fight against poverty and in […]
Angola launches $500 million-National Employment Fund
The Angolan government on Tuesday August 6 launched the Angolan National Employment Fund (FUNEA), worth $500 million (€462 million), to create and support public and […]
Kenya: Appeals Court Strikes Down 2023 Finance Act, Challenging Ruto’s Economic Agenda
In a significant legal setback for President William Ruto’s administration, Kenya’s Court of Appeal has declared the government’s 2023 finance law unconstitutional. This ruling comes […]