Good Morning Africa

🎙 PwC Study Reveals Impact of Digital Tax Stamps on Ugandan Manufacturing Sector, Simon Kaheru Discusses Tax Impact on East African Community Competitiveness. 🎙 JSE Index Closes Slightly Down at 78,633 as Investors Await Inflation Data. 🎙 American Express Introduces Four New Credit Cards in Nigeria. 🎙 OPay's Valuation Soars to Nearly $3 Billion, Says Opera. 🎙 Ghana to Pioneer Blockchain Techn...

🎙 Microsoft is closing down its Africa Development Centre. 🎙 COMESA Competition Commission CEO Discusses Anti-Competitive Practices. 🎙  Safaricom Posts 3.5% Rise in Annual Core Earnings Amid Growth in Home Market.    🎙 AFC Commits €381.5 Million for Road Infrastructure Development in Angola.  🎙 UN Report: Drug Trafficking Surges, Threatening Stability in Africa's Sahel Region.  BK Capital lin...

🎙 Nairobi Stock Exchange Flourishes: Q1 2024 Market Cap Hits Sh1.8T. 🎙 Effects of the lack of proper implementation of the competition laws in Africa. 🎙Jumia's Q1 2024 Financials Spark 17.92% Surge in Share Price. 🎙 South Africa's Foreign Exchange Reserves Dip to $61.795 Billion in April 2024.  🎙 "Namibia's Annual Inflation Rate Rises to 4.8% in April 2024.  🎙 Ghana's Annu...

🎙 The Role of Technology in Unifying Africa’s Capital Markets. 🎙 Jumia Slashes Operating Losses by 70% in Q1 2024. 🎙Nigeria to Implement Revised Cybersecurity Act with Increased Transaction Fee. 🎙 Amazon Enters South African Market: A New Era for African E-Commerce. 

🎙 Ensuring Consumer Protection in East Africa: Insights from Commissioner Sam Kuloba Watasa.  🎙 The Nairobi Securities Exchange (NSE) Sees Market Capitalization Surge by 22.79% in Q1 2024. 🎙Kenyan Organizations Secure Exclusive Access to $20 Million Funding for Projects.  🎙 Safaricom-Backed Kenyan Agritech Startup iProcure Enters Administration Over Unsettled Debts. 🎙 Nigerian Logistics Startup Re...

🎙 JSE climbs to 76,650, driven by resource stocks, tech, industrials, and retailers. 🎙 The average payment for ransomware attacks has increased by 500%.  🎙NSSF's Alex Rumanyika on Agricultural Sector Ventures. 🎙 Rwanda's Producer Prices Up 13.4% Year-on-Year in March 2024. 🎙 Reserve Bank of Malawi Maintains Benchmark Rate at 26%.  🎙 Morocco's Unemployment Rate Climbs to 13.7% in Q1...

🎙 Meet Eugene Tawiah, the CEO and co-founder of SecondSTAX. 🎙 BK Capital Initiates Coverage of MTN Rwandacell Plc with Positive Outlook. 🎙World Bank Warns: Levelling Commodity Prices Threaten Inflation Prospects. 

🎙 Zimbabwe’s new gold-backed currency came into general circulation. 🎙Unlocking Growth: African Capital Markets in Focus with Eugene Tawiah.  🎙 Coca-Cola Eyes IPO for African Bottling Business. 🎙Twiga Foods Appoints New CEO After Founder's Resignation.

🎙 British consumer goods company PZ Cussons may sell its Africa operations. 🎙 Nigeria's Economic Reforms: Insights from CBN Governor.  🎙 Global Upstream M&A Deals Set to Surge in 2024.  🎙Kuda, Moniepoint, OPay, and Palmpay Halt New Account Openings Amidst CBN Directive. 🎙 Kubik, a plastic upcycling startup, has raised a $1.9 million seed extension, months after announcing initial equity i...

🎙 National Planning Around Scarce resources. 🎙 The JSE index extended early gains to close about 1.4% up at 75,371 on Friday, a leven not seen since mid-April, mirroring global peers. 🎙 Kenya's Competition Authority reports online food and grocery delivery platforms raked in $103 million last year, with an expected annual growth rate of over 19%. 🎙A firm associated with a distant relative of...

🎙 Meet the CEO: Meet Aéko Ongodia Founder & CEO of XENO. 🎙 Nigerian banks are rushing to meet new capital requirements set by the central bank, potentially sparking the largest mergers and acquisitions wave in the sector in two decades. 🎙 Flutterwave, Africa's leading digital payments firm, undergoes corporate team restructuring in preparation for an IPO, says CEO.

🎙 M-Kopa to inject over $10 million to boost uptake of electric motorcycles. 🎙How can Uganda's fourth National Development Plan be aligned with opportunities under the Africa Continental Free Trade Area during the planning phase? 🎙 The JSE index was up for the fourth consecutive session on Tuesday, trading above the 74,000 level, tracking most of its global peers. 🎙 The world’s electric car f...

🎙 African countries will pay $74-billion in debt service payments this year. 🎙Uganda's investment culture is changing. XENO Uganda's CEO, Aéko Ongodia, shares insights on acquiring over 100,000 clients and managing billions in investment capital in an emerging market. 🎙 The Kenya Shilling appreciation against the US Dollar appears to have finally hit the floor and could be in reverse gea...

🎙 IMF forecasts predict that Nigeria, once dubbed Africa's largest economy, is set to relinquish its crown and slide to fourth place this year. 🎙 UN Trade and Development (UNCTAD) has warned of a possible further growth deceleration in 2024, citing falling investments and subdued global trade dynamics.  🎙 A just energy transition in Uganda.

🎙 Meet the CEO: Kazeem Tewogbade and Olumide Soyombo founders of The Bluechip Technologies Limited 🎙The JSE All Share index remained stable near the 73,000 level on Thursday, hovering close to one-month lows, amid varied quarterly company reports worldwide. 🎙 The World Bank Group and the African Development Bank (AfDB) Group are partnering to provide at least 300-million people in Africa with elec...

🎙 Samsung has overtaken Apple as the leading mobile devices provider. 🎙 Antonio Querido, the FAO Country Representative in Uganda returns to discuss the slow uptake of renewable energy in the Agriculture sector.     🎙 Vodacom Tanzania PLC has acquired broadband internet provider, Smile Communications, after purchasing all its shares to a tune of US$ 27.4 million.    🎙 The UN Trade and Development...

🎙 Ghana fails to strike a deal to restructure $13 billion of international bonds. 🎙 Exploring the Crucial Role of Argitech in Advancing Climate-Smart Agriculture and Maximizing Yields 🎙 Cocoa futures drop by 7.5% to $10,108 per tonne, attributed to heightened volatility and reduced market liquidity. 🎙 The International Monetary Fund (IMF) has revised down South Africa’s 2024 growth forecast by a m...

🎙 Nigeria Inflation Rate hits 28-year highs. 🎙 Cocoa futures reach new high, surpassing $10,800 per tonne, amid global supply concerns. 🎙 Today, we chat with Kazeem Tewogbade and Olumide Soyombo, founders of Blue Chip Technology, about their $60 million balance sheet in 2023 and insights on Africa's ICT sector. 🎙 Moderna suspends Kenyan vaccine plant construction due to $1B loss from falling...

Christian Intwari, the founder of ‘Our Past’, the youth-led initiative that organises aims to educate young people about the 1994 Genocide against the Tutsi and inspire them to take the initiative to rebuild Rwanda. 

🎙 Blended Finance: What is it and how can SMEs align themselves to get it?  🎙 Ethiopia's stock market progresses, ESX surpasses capital-raising phase by over 200%. 🎙 Zimbabwe adopts gold-backed currency, ZSE begins trading.  🎙 CBN restructures staff, terminates 40 individuals primarily from DFD.  🎙 Bank of Uganda raises benchmark interest rate by 25 bps to 10.25%. 🎙 World Bank, Ethiopia sign...

🎙 African startup closures hit record highs due to funding drought. CEO strategies during this "funding winter" discussed by Mona Ssebuliba of Abi Finance. 🎙 OPEC and allies maintain oil output policy until June. 🎙 Cocoa futures dip after hitting all-time high, now below $9,800/tonne. 🎙 Uganda's economy grows by 5.5% in Q4 2023. 🎙 African airlines see record revenues and seat number...

🎙Meet the CEO: Stacy Tusabira CEO of Starr_e Jewellery Empire. 🎙 JSE All Share index rises 1.7% to 75,373, recovering from recent losses. 🎙Tanzania's central bank raises key rate to 6%, citing global inflation pressures. 🎙Stanbic Bank Kenya PMI drops to 49.7, signalling private sector contraction. 🎙Stanbic Bank Uganda PMI falls to 49.3, indicating worsening business conditions.

🎙 Preparing Youth: Skills for Employment and Entrepreneurship. 🎙 JSE All Share Index Dips, IMF Talks with Ethiopia Stall. 🎙 PwC Report Urges Greener Food Production in Africa. 🎙 Kenya Slips to 7th in Africa for Hotel Room Development.

🎙 Kenya shilling gains 19% against USD. 🎙 Bitcoin faces selling pressure ahead of halving 🎙 IFC invests $10.5M in African tech startups 🎙 Thepeer, Nigeria's API startup, shuts down. 🎙 Triply selected for Y Combinator's winter 2024 batch. 🎙 Seychelles economy shrinks by 3.2% in Q4 2023.

🎙 Coursera CEO Jeff Maggioncalda on Technology, AI, and Reskilling. 🎙 Kenyan Currency Strengthens: 30 Units in Two Months, 19% Gain. 🎙 WTI Crude Futures Surge to $83.5, 5-Month High Ahead of OPEC+ Meeting. 🎙 Fitch Ratings: Kenya's 'B' Credit Rating, Negative Outlook. 🎙Morocco's Q4 2023 GDP Growth: 4.1% YoY Surge. 🎙Mauritius Economy Soars: 7.3% Growth in Q4 2023.