Business and Economy

World Bank Program Aims to Reach 18 Million African Youth

A $972 million initiative, backed by the World Bank’s International Development Association (IDA), has been launched to address youth unemployment…

1 month ago

Nigerian banks boost African interest income growth

Nigerian banks contributed significantly to the fastest growth among emerging markets during the first half of 2025, according to a…

2 months ago

Kenya Faces Ongoing Challenges in Combating Corruption

The Kenyan government and the International Monetary Fund (IMF) were set to meet in February to finalize a governance strategy…

2 months ago

Kenya’s Circular Economy Faces Challenges Amid Aid Reduction

Kenya’s efforts to develop a sustainable and resource-efficient economy are encountering challenges due to a reduction in funding from global…

2 months ago

Malawi Economy Needs Reforms to Spur Growth and Jobs

Malawi faces significant economic challenges requiring urgent reforms, according to a recent World Bank report. The report emphasizes the need…

2 months ago

Prest secures Zambia court victory in Investrust stake dispute

Nigerian investor Prest is pursuing legal action to recover the value of a 24.8% stake in Investrust Bank, which he…

2 months ago

Grey Adds USD Payments to Global Business Banking

Grey has expanded its business banking services to include USD business accounts, bulk payments, and support for the USDC stablecoin,…

2 months ago

African Development Bank Funds Solar Project for Eritrea

The African Development Bank (AfDB) has approved $58.04 million in grant funding to support a solar mini-grid project in Eritrea’s…

2 months ago

UK bank sells Botswana subsidiary amid takeover interest

Standard Chartered Plc is exploring the sale of its corporate and investment banking, retail, and wealth management units in Botswana.…

2 months ago

DR Congo to Add State Gold to Central Bank Reserves

The Democratic Republic of Congo (DRC) is partnering with DRC Gold Trading SA to supply gold sourced from artisanal mining…

2 months ago