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The government of Uganda has signed a deal with UAE-based Alpha MBM Investments for a 60 percent stake in a…...

Uganda’s largest electricity distributor, Umeme Limited said on Monday that it had received $118 million in compensation from the government…...

Swazi Tshabalala is the only woman among the five candidates vying for the presidency of the African Development Bank. Of…

By Ndongo Samba Sylla and Peter Doyle. In early November 2024, we raised the alarm that the IMF forecast for…

Tunisia has signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATIDI), marking a significant step in…...

Ecobank Kenya has raised its capital base to $65 million after injecting $27 million in fresh capital that will support…...

In 2024, Sanlam Morocco delivers a solid financial performance, marked by a notable improvement in profitability. Net income increased by…...

Authorities in Uganda have been working quickly to make sure that Umeme’s departure at the end of this month will…...

By Dominique Mabika. During a visit to Dakar, Samuel Munzele Maimbo, one of five candidates vying for the presidency of…

“Implementing the AfCFTA requires tact and patience,” asserts Riyad Mezouar, Chairman of the Bureau of African Ministers of Finance and…...

Rwanda and the Democratic Republic of Congo (DRC) held first talks in Qatar on Tuesday since M23 rebels seized parts…...

Kenya is in talks with the International Monetary Fund (IMF) for a new lending programme after both sides agreed to…...

On March 13, 2025, Sidi Ould Tah was received by Congolese President Denis Sassou Nguesso in Oyo, Republic of the…

Sudan has suspended all imports from Kenya, for hosting the paramilitary group Rapid Support Forces (RSF) in Nairobi in February.…

Kenya has lost about $15.5 million in tobacco exports after British American Tobacco (BAT) shutdown its operations in Khartoum following…...

The East African Community (EAC) is grappling with a financial crisis for the third time in the 2024/25 fiscal year,…...

Latest Update: Moody’s Enhances Outlook on African Banking Sector Moody’s Ratings has updated its evaluations of African banking systems, noting…...

Upon the launch of AFD’s “Economic Outlook 2025,” Financial Afrik had an extensive conversation with Rémy Rioux, the head of…

Kenya has raised $1.5 billion from creditors in the latest Eurobond sale to help clear its public debt stock.Citigroup Inc.…

The largest food aid organization, the World Food Programme (WFP) has said that it has been forced to suspend food…...

We publish here Frannie Leautier’s op-ed on the presidency of the African Development Bank (AfDB). Among the five candidates, the…

United States President Donald Trump has cancelled five large contracts and grants in Kenya totalling $251.5 million (Sh32.5 billion). Mr…...

Abidjan, February 18, 2025 – Atlantique Finance (AFIN), a subsidiary of the Pan-African group Banque Centrale Populaire (BCP), has achieved a…

Kenya has deferred $682.2 million in funding expected from the International Monetary Fund (IMF) under the ninth review to the…...

Djibouti’s finance minister Mahmoud Ali Youssouf has won by majority the  African Union commission chairmanship at a summit held in…

Ethiopian state-owned telecommunications firm Ethio Telecom recorded a half-year revenue rise of 43.3 percent to 61.9 billion birr ($491.57 million).…...

South Sudan’s President Salva Kiir has fired two of his five vice presidents, spy chief among other senior officials in…...

Analysis of the data shows that in the year ended December 2023, Nigeria received $368 million followed by Tanzania scoring…...

The United Nations (UN) has warned that the conflict in the Democratic Republic of Congo (DRC) is likely to worsen…...

Uganda’s central bank has held its main lending rate at 9.75 percent on Thursday, citing inflation looked contained despite uncertainties…...