China was the largest borrower from the World Bank for three decades leading up to 1994, investing in infrastructure such as electricity grids, roads, railways, as well as health and …
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AfricaAFRICA NEWSKenyaKenya NewsKenyan News
Bayer Completes Exit of Pharmaceutical Business Model in East Africa
by Editorby EditorBayer East Africa has successfully revamped its Pharmaceuticals and Consumer Health business models in the region. Under the new model, Bayer is outsourcing transportation, local warehousing, distribution, and customer support …
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AfricaAFRICA NEWSBusiness Policies
Africa Re crosses $1bn revenue milestone for 2023
by Editorby EditorThe African Reinsurance Corporation (Africa Re), the leading pan-African reinsurance firm, has achieved a revenue surpassing $1 billion in 2023. During its 46th Annual Ordinary Meeting and General Assembly in …
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AfricaAFRICA NEWSEntrepreneurship
SA mobility startup LULA acquires UK-based Zeelo’s South African business
by Editorby EditorLULA, a ride-sharing platform based in South Africa, has announced its acquisition of the South African operations of the UK firm Zeelo, marking a significant expansion for the company. Established …
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AfricaAFRICA NEWSSpotlight
African Farmers Blame Soil Degradation on Chemical Fertilizers
by Editorby EditorWhen Benson Wanjala began farming in his western Kenya village 25 years ago, his 10-acre farm yielded a robust harvest of 200 bags of maize. This output has now plummeted …
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AfricaAFRICA NEWSBusiness Policies
Zimbabwe to Host Canada-Africa Business Conference
by Editorby EditorHarare is set to host the prestigious Canada-Africa Business Conference this October, marking a significant event aimed at boosting trade and investment between Canada and Africa. Organized by The Canada-Africa …
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AfricaAFRICA NEWSBusiness Policies
CBN Hikes Rate Further to Cool Inflation, Halt Naira Fall
by Editorby EditorThe Central Bank of Nigeria (CBN) has announced another increase in the benchmark interest rate, raising it by 150 basis points to 26.25% in a bid to tackle rising inflation …
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AfricaAFRICA NEWSSpotlight
No need for protests in Nigeria, says Tinubu as ministers meet today
by Editorby EditorPresident Bola Tinubu has called on Nigerians to avoid protests while his administration addresses the country’s urgent economic challenges. This appeal coincides with a crucial meeting the President is holding …
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AfricaAFRICA NEWSBusiness Policies
Dangote-Regulator Rift Threatens Jobs and Investments
by Editorby EditorThe ongoing clash between Dangote Group and Nigerian regulators raises concerns about possible job losses and decreased investment in the nation. The disagreement mainly centres on operational standards and compliance …
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AfricaAFRICA NEWSRWANDARwanda Daily
Residents in Musanze District pleased with Paul Kagame’s victory
by Editorby EditorIn the recent elections, Kagame received overwhelming support and won with a significant margin of 99.15%. However, Residents of Musanze District, are questioning the expectations set by certain groups that …