Solar Industries Wins 99.97% Backing for $1.3 Billion Omnia Takeover
The Indian group serves customers in more than 90 countries and operates manufacturing facilities in 11 countries. It was valued…
Tanzania Revisits PPP Law as Auditors Expose Contract Approval Failures
Tanzania has established legal safeguards, but compliance, institutional capacity and contract supervision remain critical weaknesses. Its own PPP implementation strategy…
The $80 Billion Twist: How Ethiopia Overtook Kenya Overnight
Think of GDP rebasing like updating your phone's operating system after a decade of ignoring updates. Ethiopia had been measuring…
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Safaricom Restores 250 Ethiopia Network Sites After Tigray Conflict Disruption
Safaricom Ethiopia has restored approximately 250 network sites that were forcibly shut down for about a week in late September…
Egypt Raises $500 Million in International Bond Market Return
Egypt has raised $500 million from international investors through the reopening of two existing dollar bond issues, as the government…
TotalEnergies Agrees to Sell 40% in Nigeria’s Offshore Oil Block to Local Firm
French energy major TotalEnergies has agreed to sell a 40% participating interest in Nigeria’s offshore oil block OPL257 to local…
Kenya’s PAYE Relief: Is It Enough to Beat the Rising Cost of Living?
A proposed tax change could lift a KSh50,000 earner’s monthly take-home pay to KSh41,112, almost matching what the same salary…
Safaricom’s M-Pesa Revenue Crosses KSh100 Billion for First Time
For investors, the KSh100 billion mark reinforces the significance of M-Pesa as a major revenue engine for Safaricom, while improving…
Dangote Names New CFO as $50 Billion African Investment Drive Takes Shape
Dangote Petroleum Refinery has appointed Turkish finance executive Betül Sarıkaya as its new Chief Financial Officer (CFO), bringing more than…