Tag: Business Africa

PayPal Tests Africa Strategy in Nigeria with $100 Million Fund After Shares Slump

PayPal Holdings Inc. is testing its Africa strategy with a $100 million fund aimed at investments, partnerships, and acquisitions in fintech startups, selecting Nigeria...

Tanzania to Sell Gold Reserves to Finance Infrastructure Projects

Tanzania plans to sell part of its gold reserves to help finance major infrastructure projects as external development funding becomes harder to secure, the...

AES Faces First Major Economic Test After ECOWAS Exit as Currency Rumours Hit Setback

The Alliance of Sahel States (AES), formed by Mali, Burkina Faso and Niger following their exit from the Economic Community of West African States...

South Africa’s Auto Sector Is Not Seeking Steep Import Duty Hikes, BMW CEO Says

South Africa’s automotive industry is not calling for sharp increases in vehicle import duties, despite growing concern over rising imports, BMW South Africa’s chief...

Uganda Says It Will Cut Budget Support by 84% in Next Financial Year

Uganda plans to cut external budget support by about 84% in the next financial year starting in July, sharply reducing its reliance on loans...

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