First Independent Mena Newspaper
Egypt is the continent’s new leader in the total equity funding raised by start-ups in Africa from June 2022 to June 2023, overtaking Nigeria, according to London-based African Private Equity and Venture Capital Association (AVCA). Per AVCA data, startups in the North African country raised $540 from June 2022 to July 2023. The amounts represent […]
Rwandan prime minister this week held a meeting with the European Union delegation to discuss various areas of partnership to boost trade and investments, while NGOs are pushing Kenya to rescind the recent agreement with the EU to implement the Economic Partnership Agreement (EPA) between them. Following the meeting with Rwandan PM Edouard Ngirente, one […]
South Africa and Kenya are non-hydropower renewables outperformers in the Sub-Saharan Africa region, with the former remaining the leader in renewables growth in the region, while the latter leading in terms of non-hydropower renewables, according to the latest BMI’s report. Non-hydropower renewable energy growth in Sub-Saharan Africa is led by South Africa and Kenya, whereby […]
A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum, as the platform has recently started commercial operations with nine countries having signed up so far, according to the Afreximbank President Benedict Oramah. The African Export-Import Bank — or Afreximbank — expects 15 to 20 […]
Benin’s capital Cotonou will no longer host the 45th Confederation of African Football (CAF) Ordinary General Assembly as expected, local “24H Au Benin” reports. The African football governing body according to the media has moved the congress to Kenya as replacement. The media citing unnamed sources notes local authorities have informed CAF about inability to […]
The European Union and Kenya have announced the political conclusion of the negotiations for an ambitious Economic Partnership Agreement (EPA) that aims to boost trade in goods and create new economic opportunities, with targeted cooperation to enhance Kenya’s economic development. The negotiations were concluded during an official ceremony in Nairobi by European Commission Executive Vice-President […]
South Africa has never really been affected by terrorism attacks. Its democracy is solid, its economy stable. However, it is considered a stronghold for the financing of the Islamic State (IS) group and other Islamist organizations, South African counter-terrorism expert Jasmine Opperman told AFP. Islamist financiers gather money in the country and transfer it into […]
The United States is increasingly frustrated that Sudan’s warring factions are not taking advantage of talks initiated by Washington and Riyadh aiming to reach a permanent ceasefire as they originally agreed, according to US State Department sources. Therefore, U.S . will decide in the coming days with its partners how to proceed on mediation, a […]
Djibouti is the venue from Monday June 12 for the 14th Ordinary Assembly of Intergovernmental Authority on Development (IGAD) Heads of State and Government, the first ever summit since 2019. The summit will bring leaders and officials of various countries namely Kenya, Djibouti, Eritrea, Ethiopia, Somalia, South Sudan, and Sudan. The U.S., Japan, China and […]
Kenya’s President William Ruto has called on African leaders to take first steps towards ditching the US dollar as the world’s reserve currency by adopting a pan-African payments system to facilitate trade within the continent. Ruto has urged his African counterparts to mobilize central and commercial banks to join the Pan-African Payments and Settlement System […]