Good Morning Africa
Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.
Meet the CEOs: Kazeem Tewogbade and Olumide Soyombo founders of The Bluechip Technologies Limited.
🎙 Meet the CEO: Kazeem Tewogbade and Olumide Soyombo founders of The Bluechip Technologies Limited
🎙The JSE All Share index remained stable near the 73,000 level on Thursday, hovering close to one-month lows, amid varied quarterly company reports worldwide.
🎙 The World Bank Group and the African Development Bank (AfDB) Group are partnering to provide at least 300-million people in Africa with electricity access by 2030.
Vodacom Tanzania PLC acquires internet provider, Smile Communications, for $27.4 million.
🎙 Samsung has overtaken Apple as the leading mobile devices provider.
🎙 Antonio Querido, the FAO Country Representative in Uganda returns to discuss the slow uptake of renewable energy in the Agriculture sector.
🎙 Vodacom Tanzania PLC has acquired broadband internet provider, Smile Communications, after purchasing all its shares to a tune of US$ 27.4 million.
🎙 The UN Trade and Development (UNTD) warns of a continued global economic slowdown in 2024, following a milder-than-expected downturn in 2023.
🎙 Kenya has been ranked after South Africa, Egypt and Nigeria as African countries with the highest number of millionaires.
Ghana fails to strike a deal to restructure $13 billion of international bonds.
🎙 Ghana fails to strike a deal to restructure $13 billion of international bonds.
🎙 Exploring the Crucial Role of Argitech in Advancing Climate-Smart Agriculture and Maximizing Yields
🎙 Cocoa futures drop by 7.5% to $10,108 per tonne, attributed to heightened volatility and reduced market liquidity.
🎙 The International Monetary Fund (IMF) has revised down South Africa’s 2024 growth forecast by a marginal 0.1% from a January forecast of 1%, to 0.9%.
🎙 Angola's March 2024 inflation hits 26.09%, the highest since March 2022, with 11 consecutive months of acceleration.
🎙 Tanzania, Rwanda, and Zimbabwe recall Johnson & Johnson cough syrup for toxicity after Nigerian tests.
Nigeria Inflation Rate Hits 28-Year Highs.
🎙 Nigeria Inflation Rate hits 28-year highs.
🎙 Cocoa futures reach new high, surpassing $10,800 per tonne, amid global supply concerns.
🎙 Today, we chat with Kazeem Tewogbade and Olumide Soyombo, founders of Blue Chip Technology, about their $60 million balance sheet in 2023 and insights on Africa's ICT sector.
🎙 Moderna suspends Kenyan vaccine plant construction due to $1B loss from falling COVID-19 vaccine demand since 2022
🎙 Uber unveils Uber Teen accounts in South Africa, allowing 13 to 17-year-olds to hail rides with safety measures, announced by Uber sub-Saharan Africa GM Kagiso Khaole on April 11.
🎙 Angola's March 2024 inflation hits 26...
Kwibuka 30 With The CEO of Our Past Christian Intwari.
Christian Intwari, the founder of ‘Our Past’, the youth-led initiative that organises aims to educate young people about the 1994 Genocide against the Tutsi and inspire them to take the initiative to rebuild Rwanda.
Blended Finance: What is it and how can SMEs align themselves to get it?
🎙 Blended Finance: What is it and how can SMEs align themselves to get it?
🎙 Ethiopia's stock market progresses, ESX surpasses capital-raising phase by over 200%.
🎙 Zimbabwe adopts gold-backed currency, ZSE begins trading.
🎙 CBN restructures staff, terminates 40 individuals primarily from DFD.
🎙 Bank of Uganda raises benchmark interest rate by 25 bps to 10.25%.
🎙 World Bank, Ethiopia sign $1.72B loan agreements for infrastructure development.
Uganda's economy grows by 5.5% in Q4 2023.
🎙 African startup closures hit record highs due to funding drought. CEO strategies during this "funding winter" discussed by Mona Ssebuliba of Abi Finance.
🎙 OPEC and allies maintain oil output policy until June.
🎙 Cocoa futures dip after hitting all-time high, now below $9,800/tonne.
🎙 Uganda's economy grows by 5.5% in Q4 2023.
🎙 African airlines see record revenues and seat numbers, per African Airline Association report.
Meet the CEO: Stacy Tusabira CEO of Starr_e Jewellery Empire.
🎙Meet the CEO: Stacy Tusabira CEO of Starr_e Jewellery Empire.
🎙 JSE All Share index rises 1.7% to 75,373, recovering from recent losses.
🎙Tanzania's central bank raises key rate to 6%, citing global inflation pressures.
🎙Stanbic Bank Kenya PMI drops to 49.7, signalling private sector contraction.
🎙Stanbic Bank Uganda PMI falls to 49.3, indicating worsening business conditions.
JSE All Share Index Dips & IMF Talks with Ethiopia Stall.
🎙 Preparing Youth: Skills for Employment and Entrepreneurship.
🎙 JSE All Share Index Dips, IMF Talks with Ethiopia Stall.
🎙 PwC Report Urges Greener Food Production in Africa.
🎙 Kenya Slips to 7th in Africa for Hotel Room Development.
Currency Momentum: Kenya Shilling's gains against the Dollar.
🎙 Kenya shilling gains 19% against USD.
🎙 Bitcoin faces selling pressure ahead of halving
🎙 IFC invests $10.5M in African tech startups
🎙 Thepeer, Nigeria's API startup, shuts down.
🎙 Triply selected for Y Combinator's winter 2024 batch.
🎙 Seychelles economy shrinks by 3.2% in Q4 2023.
