Eyes

Recently, the *Competition Authority of Kenya (CAK)* granted its approval for Moniepoint to acquire a substantial 78% stake in Sumac Microfinance Bank, based in Nairobi. While the regulatory green light is a significant milestone, it's important to recognize that the conclusion of this deal remains pending. In a recent statement to Techpoint Africa, Moniepoint conveyed that they have received the necessary regulatory approval from the CAK for the potential partnership with Sumac. The company…

The New Wave: Japan's Growing Interest in Africa In a fascinating turn of events, Takehiko Matsuo, the Vice Minister for International Affairs at Japan’s Ministry of Economy, Trade and Industry, recently highlighted a shift in Japan's economic landscape. After struggling through nearly three decades of deflation, Japan is finally emerging from its economic chrysalis. What does this mean for the future? According to Matsuo, this transformation has sparked a renewed enthusiasm within the private sector, encouraging a…

In an era marked by shifting global dynamics, Russia is making strategic moves to redefine its presence on the African continent through significant investments in rail infrastructure. The aim? To enhance trade routes, foster regional integration, and solidify its influence in the region. It’s fascinating to observe how these developments could transform not just corridors of transportation, but entire economies. What could the implications be for countries deeply reliant on trade? According to a report by…

As the diplomatic landscape continues to shift, tensions between South Africa and the United States appear to be escalating. However, amidst this backdrop of uncertainty, South Africa has made a pivotal gesture by inviting Nigeria to host a significant G20 event in Abuja. This invitation could potentially alter the dynamics of regional alliances and foster deeper collaboration between Africa's two most populous nations, effectively reshaping the continent's economic future. According to Africa Intelligence, the…

Ghana Bauxite Company: A Visionary Leap Forward The recent capital infusion into Ghana Bauxite Company (GBC) has truly turned the tides of operational efficiency. Picture this: a fleet renewed, machinery retooled, and the acquisition of cutting-edge equipment like surface miners and high-capacity dump trucks. This transformation isn't just a change in machinery but a significant enhancement of GBC's production prowess. GBC's General Manager, Mr. Alexander Gyedu, radiates optimism as he shares how the…

Bashir's Potential Next Step: A New Horizon In a world where the stakes couldn't be higher, Abdi Bashir Jr. finds himself at a crossroads. As he embarks on a journey that could redefine his career, one can't help but ask: What makes a person choose the path less trodden? In a conversation with ESPN, Bashir expressed a profound sense of gratitude for his experiences at Monmouth University, acknowledging the pivotal role this chapter played in his growing career. "My time at Monmouth has been incredible, and I deeply…

Nigeria is embarking on an unprecedented journey in its quest to attract foreign investment while boosting local manufacturing. The renowned automaker, AvtoVAZ, is propelling plans to set up an assembly plant in the nation. Curious about this bold move? Let’s delve into the details. According to Techcabal, AvtoVAZ, commonly associated with its Lada range of accessible passenger cars, SUVs, and commercial vehicles, is charting a path into Nigeria. This venture aligns…

In the heart of Nairobi, an energetic hub of culture and commerce, Kenya's Finance Minister, John Mbadi, conveyed a message filled with resolve and foresight during an insightful interview with Reuters. "We are embarking on a new journey with the International Monetary Fund (IMF)," Mbadi remarked, hints of determination evident in his gestures, as he spoke on February 5, 2025. The nation's financial pathway is evolving, influenced by plans that ambitiously target a reduction of the national debt to below 55% of GDP over…

The political landscape of Gabon is undergoing significant transformation under the leadership of Brice Oligui Nguema. The country, nestled in the heart of West Africa, found itself at a crossroads when Nguema seized power in a coup on August 30, 2023. A nation rich in oil and natural resources, Gabon has since been charting a new course towards democracy and governance. This story of change took another remarkable turn with Nguema's recent announcement: his intention to stand for the presidency. The announcement came as…

  Türkiye is setting its sights on new investment ventures in Somalia's central state, Galmudug, as per the Turkish envoy's announcement this Tuesday. Upon reaching Dusmareb, Galmudug's hub, a delegation headed by Türkiye's ambassador to Somalia, Alper Aktaş, engaged in talks with Ahmed Abdi Karie, the state's president, and his Cabinet members.They delved into discussions around kickstarting infrastructure initiatives in Galmudug and the potential impact of Turkish investments."We had fruitful discussions on the steps…