Business Daily

Mystery Investor’s Purchase of Safaricom Shares Stops Plunge

A mid-week block purchase of Safaricom shares by an unknown local institutional investor has halted the slide in the telco’s shares that had hit a 69-month low, triggering bargain purchases. Nairobi Securities Exchange (NSE) data show…
The New Times

Local startups seek funding to tap into AfCFTA

,
There is a need for funding and enhanced access to finance for young entrepreneurs with startups so as to increase both production and quality as a way of tapping into the African Continental Free Trade Area agreement (AfCFTA). Local…
Business Daily

IMF Projects Ethiopia, Angola Economies to Overtake Kenya

,
Kenya is set to be replaced as the third-largest economy in sub-Saharan Africa by Angola and Ethiopia, weakening the East African country’s power to tap investors enticed with a population that has more cash to spend. Faster GDP growth…
All Africa

Nigeria: Largest Container Vessel Berths at Lekki Port Ahead of Commissioning

,
Ahead of the commissioning of the Lekki Deep Seaport by President Muhammadu Buhari the largest container vessel has berthed at the port. On the official Twitter handle of the Nigerian Ports Authority (NPA), the authority announced the arrival…
Devdiscourse

US Checkmates China in Africa by Bolstering Trade Ties

,
In order to counter China in Africa, which has made inroads with investments and trade, the US sought to expand its influence by bolstering trade ties in the continent, writes Arianna Skibell in Politico. Biden administration is planning…
The East African

African Blocs Discuss Challenges to Realizing Single Currency Territories

,
Africa’s main regional economic blocs say monetary unions will raise the value of trade and shield them from fluctuating exchange rates and are pushing to establish single currency territories. Gathering in Nairobi under the African…
Business Daily

Rich Kenyans sit on Sh922bn in dollars as shilling weakens

,
Wealthy Kenyans and firms had piled up a record Sh922 billion in dollars by last November as they sought to preserve the value of their bank deposits amid a depreciating shilling. This is after they accumulated an extra Sh119.24 billion…
Africa News

South Africa's President Cyril Ramaphosa cancels Davos trip

,
South African President Cyril Ramaphosa has scrapped plans to attend the World Economic Forum (WEF) in Davos because of the energy crisis affecting the country, his spokesman said on Sunday. South Africa is experiencing record blackouts due…
Africa News

Implementation of AfCFTA

As a private Sector initiative started on 20th of January 2021 for the popularization of AfCFTA The Africa Business Council is inviting you to light the Africa Trade Torch for implementation of AfCFTA at the same time across our beloved…
Africa News

Ghana extends Domestic Debt Exchange deadline for 3rd time

,
Ghana has for the third time extended the deadline of the debt exchange programme to Jan. 31, Finance Minister Ken Ofori-Atta said on Monday. The extension is to allow the government to build consensus while they engage with stakeholders’…