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Africa News
Kenya’s private sector sees slight contraction in March
Kenya's private sector saw a slight contraction in March, attributed to cashflow issues at some businesses.
Tanzania raises interest to 6%
Tanzania's Monetary Policy Committee (MPC) increased the central bank rate (CBR) from 5.5 per cent to 6 per cent
Kenya’s c. bank keeps rates at 13%
Kenya's central bank decided to maintain its benchmark lending rate at 13.0 per cent on Wednesday, as per a MPC…
Zambia in talks to restructure $3.3b of commercial debt
Zambia is in talks to restructure $3.3 billion of commercial debt, following a recent agreement with overseas…
Adenia secures $470m Africa-focused fund
Adenia Partners Ltd., a private equity firm, has secured its largest Africa-focused fund, amassing $470 million,…
S. Africa manufacturing activity declines in March
Manufacturing activity in South Africa declined in March, as indicated by the Purchasing Managers' Index (PMI).
China holds key to Africa’s green revolution
China, Africa’s main trade partner, has the potential to lead Africa’s energy revolution but must first address its…
S. Africa’s producer price inflation down to 4.5% in Feb
South Africa’s annual producer price inflation for final manufacturing stood at 4.5 per cent in February 2024.
Uganda to import petroleum products via Kenya’s Mombasa port
Kenya will enable Uganda's state oil firm to import petroleum products through its Mombasa port, Reuters reported…
Africa Energy Bank to start operating in ’24
The proposed Africa Energy Bank, focusing on oil and gas investments continent-wide, plans to commence operations…
