First Quantum Minerals Invests $15.2M in Prospect Resources to Boost Zambia Copper Project Strategic Partnership Accelerates Mumbezhi Copper Development Johannesburg: Global mining leader First Quantum Minerals (FQM) has made a strategic $15.2 million investment in Australian explorer Prospect Resources, acquiring a 15% stake to accelerate development of the Mumbezhi copperContinue Reading
Kenya’s Youth Bear the Brunt of Economic Downturn as Job Losses Mount Thursday 17th April, 2025 12:00 PM By Victor Mukabi The grim face of unemployment in Kenya became clearer as thousands flocked Kenyatta International Convention Centre last year for Qatar job interviews. PHOTO/Print Kenya’s business landscape is facing unprecedentedContinue Reading
Nairobi Securities Exchange Sees Broad-Based Losses as Investor Caution Grows Market Indices Decline Amid Foreign Capital Flight All four benchmark indices at the Nairobi Securities Exchange (NSE) closed in negative territory, signaling growing investor caution. The NSE All Share Index (NASI) fell 0.8%, while the NSE 10, NSE 20, andContinue Reading
CBK Lifts 9-Year Ban on Licensing New Commercial Banks Wednesday 16th April, 2025 04:38 PM By Lutta Njomo Central Bank of Kenya (CBK) governor Kamau Thugge before members of the Finance Committee. PHOTO/Kenna Claude The Central Bank of Kenya (CBK) has officially lifted its decade-long moratorium on licensing new commercialContinue Reading
Rwanda Development Board Reports Record Economic Growth in 2024 The Rwanda Development Board (RDB) has unveiled its 2024 Annual Report, showcasing a year of remarkable economic achievements across key sectors. Rwanda continues to cement its reputation as a leading destination for business, innovation, and sustainable tourism. Key Economic Achievements inContinue Reading
Kenya Strengthens Ties with China Amid Global Trade Wars Wednesday 16th April, 2025 10:46 AM By Francis Muli President William Ruto with Chinese President Xi Jinping. PHOTO/PCS Kenya is deepening its economic and political relationship with China as global trade tensions between the Asian powerhouse and the United States continueContinue Reading
Africa CEO Forum 2025: A New Deal for Public-Private Collaboration Key Highlights of the Upcoming Forum The 2025 edition of the Africa CEO Forum will gather 2,000 CEOs, investors, and public sector leaders from over 75 countries in Abidjan from May 12–13. In a challenging global economic backdrop marked byContinue Reading
Ghana Begins Major VAT System Overhaul to Boost Business Environment Ghana has launched a comprehensive review of its Value Added Tax (VAT) system, marking a significant step toward simplifying tax compliance and improving the country’s business climate. High-Level Discussions with World Bank The initiative was confirmed during a meeting betweenContinue Reading
Egypt Plans $150M Automotive Factories in Partnership with Al-Mansour Group Government and Industry Leaders Discuss Major Investment Egyptian Prime Minister Mostafa Madbouly met with executives from Al-Mansour Automotive Group to finalize plans for two new factories that will significantly boost Egypt’s automotive manufacturing capabilities. The high-profile meeting at the NewContinue Reading
KNUST Scientist Proposes Nanotech Revolution to Fuel Ghana’s Green Energy Future A leading research scientist at the Kwame Nkrumah University of Science and Technology (KNUST), Professor Nathaniel Owusu Boadi, has issued a bold challenge to Ghana’s government, industry leaders, and researchers to harness the power of nanotechnology to unlock affordable,Continue Reading