Finance

The paper, issued in December 2024 with a face value of ₦14,971,880,511.74, serves as a significant step in Payaza's strategic funding approach, aimed at facilitating the company's rapid expansion throughout the African continent. What truly sets Payaza apart isn’t merely its ability to manage the repayment; it’s the manner in which this was achieved—entirely through operating cash flows, without resorting to refinancing or rollovers. This remarkable accomplishment not only underscores the resilience of the organization but…

Kenya's 2025 Finance Law: A Complex Balancing Act On Thursday, Kenya's parliament took a significant step by voting in favor of this year's proposed finance law. This decision, echoing the echoes of past turmoil, reflects both cautious optimism and a commitment to safeguarding the privacy of taxpayers. The crux of the debate is not solely about numbers and fiscal policies; it's a matter of trust and transparency. Lawmakers strongly denied the Kenya Revenue Authority's (KRA) request for unrestricted access to personal…

Investigations and Allegations: The Unfolding Story of Ken Ofori-Atta In the ever-evolving landscape of Ghanaian politics, the reissued warrant for former Finance Minister Ken Ofori-Atta has reignited scrutiny. This development springs from ongoing investigations into possible misconduct during his tenure, particularly relating to payments associated with contentious projects. The air is thick with anticipation as people question whether justice will prevail or if bureaucratic machinations will overshadow accountability.…

In a pivotal moment for African development, Sidi Ould Tah, the former Mauritanian finance minister, has been elected as the new president of the African Development Bank (AfDB). This noteworthy achievement follows a keenly contested election held during the Board of Governors' meeting in Abidjan, where Tah triumphantly emerged victorious after three challenging rounds of voting. In the end, he garnered a remarkable 76% of the votes, signaling a robust endorsement from his peers. As the news reverberated across the…

Enoch Godongwana, the Minister of Finance, made a notable reappearance in Parliament today, seeking to present the revised 2025 Budget Review after several prior attempts. This return to the legislative arena was not just routine; it carried the weight of expectation and anticipation. What led to this repeat moment? One might wonder. The atmosphere was charged as he approached the lectern. Legislators, many of whom had been following the fiscal discussions closely, perched on the edges of their seats. Godongwana’s task was…

Pressure Mounts on AU Commission to Fund Somalia Peace Mission KAMPALA, Uganda – In a world increasingly driven by individual national interests, the subtle art of collaboration stands as a beacon. Recently, this very spirit of cooperation was spotlighted in Uganda, where nations contributing troops to peace efforts in Somalia unequivocally voiced their expectations. The African Union Commission, together with its partners, faces mounting pressure to rally resources for the mission. The tranquil setting of the State House…

New Leadership for Somalia’s Budget, Finance, Planning, and Oversight Committee The recent election of new leadership within Somalia’s Budget, Finance, Planning, and Oversight Committee marks a significant moment in the country’s ongoing journey toward fiscal responsibility and institutional reform. Held at the committee’s office in Villa Hargeisa—the official seat of Somalia’s parliamentary leadership—this meeting was not just a procedural formality; it represented a critical step toward strengthening governance in a…

Screder’s Bold Leap: Embracing the Cross-Border Financial Services Terrain Summary: Pioneering fintech enterprise, Screder, unveils comprehensive cross-border payment solutions, addressing the rising need for boundless financial interactions. In the ever-evolving realm of digital finances, SCREDER Finance stands poised on the brink of a significant transformation. Anyone who’s watched the rapid digitization of financial services knows this isn't just a passing fad. But have you ever…

As South Africa prepares to step onto the world stage, it has officially assumed the Presidency of the G20, paving the way for the highly anticipated Johannesburg Summit, set for November 22-23, 2025. This event promises to be pivotal, not just for the nation, but for the broader global community as well. President Cyril Ramaphosa, during the inaugural gathering of Finance Ministers and Central Bank Governors, eloquently articulated a vision for progress: "For nations to flourish, equality and prosperity must be available to…

The landscape of international climate finance is witnessing a significant shift as the United States retreats from a massive $9.3 billion initiative. This pact was originally designed to assist developing nations in moving away from their reliance on coal and transitioning towards cleaner energy solutions. Let's take a journey back to 2021. It was then, amidst the buzzing atmosphere of the UN climate talks held in Glasgow, Scotland, that the Just Energy Transition Partnership was born. Comprised of…