In 2024, Africa’s private capital investment landscape has seen remarkable growth, with Kenya and South Africa emerging as the continent’s frontrunners. These two nations have become the epicenters of venture capital, private equity, and other forms of private investments, driving innovation, job creation, and economic transformation. But what’s behind this surge? Why are Kenya and…
Nairobi Kenya: A total of 23 commercial banks in Kenya have lowered their lending rates following successive interest rate cuts by the Central Bank of Kenya (CBK). The move is expected to make borrowing more affordable and stimulate economic activity across various sectors. According to data released in December, the average lending rate declined to…
Monday 27th – Nairobi Kenya Dar es Salaam, Tanzania – In a landmark initiative to bridge Africa’s electricity gap, the World Bank and the African Development Bank (AfDB) have pledged a combined $40 billion to expand access to electricity across the continent. The commitment, unveiled at the Mission 300 Africa Energy Summit in Dar es…
The Bank of Tanzania (BoT) has announced the launch of its much-anticipated Fintech Regulatory Sandbox. Applications for participation in this initiative will open from January 2 to January 22, 2025, marking a significant milestone in the country’s efforts to enhance financial inclusion and technological advancement. The Fintech Regulatory Sandbox provides a controlled environment where financial…
Zanzibar has taken a bold step in technology by launching a National Blockchain Network Sandbox. This initiative aims to position the island as a hub for global innovation, fostering collaboration among innovators, corporates, and governments worldwide. The project is set to revolutionize how blockchain technology is utilized across various sectors, cementing Zanzibar’s place on the…
