The African Development Bank biannual report has shown that Rwanda’s economy is projected to grow at 7.8 percent in 2023 and 8.1 percent in 2024 among five pre-Covid-19 best-performing economies …
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- AfricaAFRICA NEWSEducation
11 months of war in Ukraine have disrupted education for more than five million children
by Editorby EditorThe ongoing war in Ukraine has disrupted education for more than five million children, UNICEF warned today, calling for increased international support to ensure children do not fall further behind. …
- AfricaAFRICA NEWSEconomy
Africa inflation to ease in 2023 after worst figures in a decade
by Editorby EditorDespite slowing growth and the worst inflation figures in a decade in 2022, African economies remain “resilient,” and double-digit price hikes are expected to ease, an African Development Bank report …
- AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa: Globeleq completes $71 million restructuring of Soutpan solar plant financing
by Editorby EditorGlobeleq, the leading independent power company in Africa, has completed a $71 million (ZAR1.2 billion) senior debt restructuring of its 31 MW Soutpan Solar Power (Pty) Ltd (“Soutpan”) plant in …
- AfricaAFRICA NEWSEconomy
Congo President Demands More From $6.2 Billion China Deal
by Editorby EditorDemocratic Republic of Congo President Felix Tshisekedi criticized a $6.2 billion minerals-for-infrastructure contract with China, saying the world’s largest producer of a key battery metal hasn’t benefited from the deal. …
- AfricaAFRICA NEWSRwanda Daily
Rwanda follows Chinese-style military parade in recently concluded graduation ceremony
by Editorby EditorChina’s influence on Africa was witnessed recently in Rwanda where the graduation ceremony of a new batch of military cadets followed the Chinese-style military parade. On November 4th, 2022, President …
- AfricaAFRICA NEWSCryptocurrency
Binance Banking Partner to Ban Crypto Trading Transfers Under $100K
by Editorby EditorClients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at …
- AfricaAFRICA NEWSEntrepreneurship
UAE-based B2B fintech Alaan raises $4.5 million pre-Series A round for expansion
by Editorby EditorUAE-based Alaan, the leading spend management platform for Middle Eastern businesses has raised $4.5 million pre-Series A funding, backed by Presight Capital, Y Combinator, and angel investors. Together with the …
- AfricaAFRICA NEWSEntrepreneurship
Xiaomi’s first-ever electric vehicle spotted testing with CEO and team
by Editorby EditorXiaomi has been hard at work to actualize its first electric car. After investing $1.5 billion in 2021 in its car division, the results are starting to show with its …
- AfricaAFRICA NEWSTechnologyTelecommunications
Chinese hackers exploit zero-day vulnerabilities in networking devices
by Editorby EditorChinese hackers are exploiting zero-day vulnerabilities in networking devices, followed by the installation of custom implants, reported The Hacker News. A suspected China-nexus threat actor exploited a recently patched vulnerability …