There is positive GDP growth across all five markets. While Kenya and Morocco saw their inflation rates easing, Egypt, Nigeria and Ghana recorded hikes. Only the Central Bank of Kenya lowered its MPC rate in October, the rest maintained September rates. Morocco continues to have the highest unemployment rate while Ghana has the lowest. October…

In September Ghana and Nigeria recorded GDP growth while Kenya, Egypt and Morocco recorded a decline. While Kenya and Nigeria saw their inflation rates easing, Egypt, Morocco and Ghana recorded hikes. Nigeria raised its MPC rate for the fifth time this year. Ghana lowered its rate while the rest maintained same rates as in August.…

In August, GDP growth, bank interest rates and inflation across Egypt, Nigeria, Morocco, Kenya, and Ghana exhibited varying trends. Kenya had the highest GDP growth rate while Morocco had the lowest. Inflation remained highest in Nigeria and lowest in Morocco while MPC rate remained highest in Ghana and lowest in Morocco. Morocco had the highest…

In Q2, bank interest rates and GDP growth across Egypt, Nigeria, Morocco, Kenya, and Ghana have exhibited varying trends. In Egypt, high interest rates aimed at curbing inflation have posed challenges for borrowing and business expansion, though moderate GDP growth has been sustained by government investments in infrastructure and tourism. Nigeria has seen fluctuating interest…

17 tech startups pulled in over $49.2M in venture capital investments in May 2024. The exact numbers cannot be determined as a number of the investment figures were undisclosed. By comparison, over $69.5M was invested in 14 tech startups all across Africa in April 2024. Fintech remains a constant in the top three and returns…

14 tech startups pulled in over $69.6M in venture capital investments in April 2024. By comparison, over $135M was invested in 18 tech startups in March 2024. The exact numbers cannot be determined as a number of the investment figures were undisclosed. Cleantech overtook Fintech for the first time in both value and volume as…