Coverage of financial markets, economic policy, business activity, and trends affecting local and global economies.
Tanzanian-based Amsons Group is reportedly in advanced talks to acquire Oryx Energies in a deal estimated at around $250 million, a move that could significantly expand the company’s influence across East Africa’s energy sector. Reports from Geneva, Switzerland, say negotiations…
Tanzanian businessman Edha Nahdi has urged African companies to stop relying on foreign donors and begin directly financing the continent’s development, warning that Africa risks slowing its own progress if local businesses fail to act.
Tanzanian billionaire Mohammed Dewji is planning a $50 million soft drinks plant in Mombasa, Kenya, in a move analysts say reflects shifting East African investment power and growing regional competition.
The International Monetary Fund (IMF) has reached a new agreement with Tanzania that could unlock $375.5 million in fresh funding as the East African nation faces growing economic pressure linked to the conflict involving Iran. A high-level IMF delegation led…
Africa’s richest man Aliko Dangote says he is considering constructing a mega oil refinery in Kenya’s port city of Mombasa instead of Tanzania’s Tanga port.
Namibia has completed repayment of its debt to the International Monetary Fund, marking a key milestone in the country’s economic management under President Netumbo Nandi-Ndaitwah. The government settled a total of $23.9 million, with official figures showing payments reaching $23.8875…
Africa’s richest businessman signals readiness to back a major oil refinery in Tanzania, as regional leaders push for energy independence and reduced reliance on imports.
Kenya has sought emergency funding from the World Bank as the economic shock from the Iran conflict drives fuel price fears, inflation, and rising living costs.
The latest Forbes ranking of Africa’s billionaires reveals the top 10 richest individuals in 2026, with industrial sectors dominating the sources of their growing wealth.
the BoT just released its latest money market report. They’ve moved the 7-day interest rate to 6.09% to help stabilize the TShilling against the dollar. It’s a technical move, but it affects everything from your bank loans to the price of imported goods in the shops today.
