Ghana Becomes the Number one African country with highest debt with the IMF

Ghana’s Ongoing Debt to the IMF Ghana has retained its position as the African country with the highest indebtedness to the International Monetary Fund (IMF). Over the considered period, Ghana’s debt to the IMF increased by 35.55%, as per data from the IMF’s Quarterly Finances for July-ending 2023. A Significant Share of Ghana’s Total Loans … Read more

Ghana’s Inflation in August 2023 Drops to 40.1%: A Positive Sign for the Economy


Ghana’s inflation rate for August 2023 has dipped to 40.1%, down from the 43.1% recorded in July of the same year. This significant decrease indicates that, compared to August 2022, the general price level was 40.1% higher. Let’s dive into the details. Food Inflation Shows Improvement Among the noteworthy changes, food inflation also exhibited a … Read more

Ugandan Agritech Startup Emata Secures $2.4 Million in Seed Funding to Revolutionize Farming Finance

Ugandan agritech company Emata is making waves in the world of farming with its innovative approach to financing. The startup has successfully raised $2.4 million in seed funding, consisting of $800,000 in equity and $1.6 million in on-lending capital. Investors Backing the Agricultural Revolution This fundraising round saw support from various influential investors, including: Emata’s … Read more

Mozambique Celebrates Robust Trade Growth: 60 Million Tonnes Exchanged in Three Years

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Marracuene, Mozambique – In a significant development, the Ministry of Industry and Trade in Mozambique has released impressive trade statistics, indicating that around 60 million tonnes of various products have been exchanged within the country over the past three years. This remarkable achievement represents a substantial 70.1% of the ministry’s targeted output for the 2020-2024 … Read more

Central Bank of Kenya Receives Robust Bids at Treasury Bills Auction

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The Central Bank of Kenya (CBK) recently conducted its weekly treasury bills auction, revealing a notable surge in investor interest. The auction, which had initially offered KSh 24 billion worth of treasury bills, attracted bids amounting to KSh 38.8 billion—an impressive oversubscription rate of 161.8%. This article delves into the details of this auction, highlighting … Read more

Sanlam and Allianz Join Forces to Create Sanlam Allianz Africa

In a strategic move aimed at fortifying their presence across the African continent, two financial giants, Sanlam Limited and Allianz SE, have officially unveiled their joint venture, Sanlam Allianz Africa. Following the receipt of regulatory approvals from regional authorities on September 5, 2023, this partnership is set to reshape the landscape of non-banking financial services … Read more

Glovo and Shoprite Join Forces to Revolutionize Online Shopping in Nigeria

Glovo, a versatile multi-category app, has taken a significant stride in enhancing the online shopping experience for customers in Nigeria. Through a strategic partnership with Shoprite, Nigeria’s largest supermarket retailer, Glovo now offers Nigerian customers the convenience of ordering a wide range of daily essentials, from freshly prepared meals to fresh fruits and vegetables, all … Read more

Vodafone Ghana Elevates Connectivity with 4G+ Upgrade and Device Financing

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Vodafone Ghana, a prominent player in the telecommunications industry, has embarked on a significant enhancement to its network infrastructure. The telecom giant is rolling out 4G+ technology, promising an improved online experience for its users. In addition to this technological leap, Vodafone Ghana is introducing a convenient device financing scheme, making advanced connectivity more accessible … Read more

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