Solar power due to overtake oil production investment for first time -IEA
NOAH BROWNING INVESTMENT in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy
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BUSINESS
A bumpy journey to economic stability
ZIMBABWE has faced economic major challenges over the past two decades, thanks in part to skyrocketing inflation rates. Recent efforts have seen improvements but its latest – hugely innovative – effort is contentious.
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The end of King Dollar? The forces at play in de-dollarisation
NAOMI ROVNICK and LIBBY GEORGE Rivalry with China, fallout from Russia’s war in Ukraine and wrangling once again in Washington
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KENYA: M-Kopa sets sights on $250-m unicorn club
SOLAR credit trendsetter, M-Kopa has hauled over $250 million in debt and equity in one of the largest infusion capital into an African startup, setting it on course to become Kenya’s first unicorn.
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After eNaira’s slow uptake, African Central banks are proceeding cautiously with digital currencies
WITH Nigeria’s eNaira failing to gain traction in the first year of rollout, other African Central Banks are taking a cautious approach to digital currency- spending more time on testing to fix impending loopholes.
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African digital credit company M-Kopa signs $255 mln in new funding
AFRICAN financing platform M-Kopa has signed a total of $255 million in new debt and equity from Standard Bank and
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Nigeria inflation quickens in April as food prices surge
CHIJIOKE OHUOCHA NIGERIA’S annual inflation rose to 22.22% in April from 22.04% the previous month, as the price of food
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Africa’s debt financing in the spotlight
RWANDA’S successful Eurobond repayment serves as a reminder that there is resilience in African bond markets, despite the “perfect storm” of COVID-19, high inflation and trade disruptions.
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Tight economy, big opportunity draws private sector investment in Africa’s infrastructure
GOVERNMENTS that have traditionally funded major infrastructure projects are experiencing unprecedented fiscal stress. But from the tiniest to the largest economies in Africa, private capital is riding to the rescue. The continent’s unlikely ally? COVID, according to a new report.
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West Africa edges East Africa as mobile money hotspot
WEST Africa now dominates growth in Africa’s mobile money sector.
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