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Business
Western Union, Chipper Cash and Zoona, Launch International Money Transfer Services
The new development combines Western Union’s global strength and 175 years of expertise in international money movement with Chipper Cash’s and Zoona’s deep local payments knowledge
Tanzania, Ghana, Mali and Ivory Coast attract major investments in Gold Mining
Meanwhile, the Ambrosia Investment Holding of the United Arab Emirates (UAE) invested USD 375 million in Allied Gold’s expansion in Ethiopia and Mali, acquiring a 50 percent stake in the process.
African Women in Business launch Association to Boost Intra‑African Trade
The Association also unveiled its leadership with South Africa’s Dimakatso Malwela, President of Women of Value South Africa (WOVSA) being elected the first Association’s chairperson.
Bank of Gambia gets USD 75 million cross-currency swap from the African Export-Import Bank
The cross-currency swap is expected to support the construction and rehabilitation of both rural and urban road networks, reinforcing the Gambia’s commitment to building a more connected, productive and inclusive economy.
Airtel Money, Mixx by Yas and Vodacom’s M-Pesa integrated into Unlimit Platform
This move strengthens Unlimit’s presence in East Africa and supports financial inclusion in a country where much of the population remains unbanked.
Africa’s Business Heroes list 50 finalists in the 2025 Prize Competition
This year, Africa Business Heroes received 32,000 applications, the highest in the competition’s history, with submissions from all 54 African countries.
East African Community Countries disrupting their own Common External Tariff agreement
Both Stays of Applications and Specific Duty Revisions have been found to undermine the East African Community's Customs Union by disrupting the uniform application of import duties that are supposed to be charged consistently across all EAC Partner States.
Tahmeed Coach drops Scania, switching onto MAN buses
Marcopolo coaches are usually manufactured in Brazil, but the Tahmeed ones were assembled in Mombasa by the Associated Vehicle Assemblers (AA).
South Sudan seeks support from IMF and the World Bank in resurrecting its economy
Juba's ministerial delegation to Washington DC, held an audience with representatives from the World Bank (WB), International Monetary Fund (IMF), and senior members of the United States Congress.
Professor Benedict Oramah recognised for long service in Africa’s financial sector
Kenya’s largest bank by assets, the KCB Group emerged winner of the award for banking institutions with more than USD 500m capital while Zimbabwe’s largest Bank (CBZ), also emerged winner of the Afreximbank Financial Institutions Award-2025 for banking…