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With Africa being at the heart of taking the lion’s share of the devastating effect climate change is having, what role is the private sector playing in driving the narrative around green mobility? 

E-mobility holds great promise for Africa’s future 

Premier Credit Uganda has announced a significant financial boost with the receipt of 8 billion Ugandan shillings from Oikocredit in a bid aimed at easing credit access. 

Credit appetite on steep climb as Ugandan economy on recovery path 

Kenya’s economy is projected to grow by 5.5 per cent in 2023 and hit 6 per cent by 2024 even as the country expands spending in infrastructure. 

Business leaders root for pragmatic solutions to address high unemployment

African leaders are calling for an overhaul of the global financial architecture in what could tilt the fortunes of the continent and unlock cheaper financing towards climate mitigation and adaptation. 

Reforming global financial architecture key to unlocking climate financing 

Investments in digital infrastructure holds enormous potential to unlock Africa’s ICT sector through targeted investments out to tackle poverty and boost connectivity. 

Digital marketplace to drive next growth frontier for global economy 

As global leaders and actors in the Climate Change eco-system converge in Dubai for Cop28, Africa is optimistic to course correct on the unfulfilled climate commit by rich countries. 

Loss & damage fund implementation tops Africa’s agenda at Cop28 

Kenya requires $62 billion to be spent in climate mitigation by 2030 if the country is to stem risks associated with the impact climate change will have on the nations economy. 

Kenya risks losing 7% of GDP to climate change  

Ethiopia recently secured an agreement in principle with its bilateral creditors to temporarily suspend her debt payments, even as the East African nation expressed interest in restructuring its one billion dollar Eurobond that matures next year. 

Ethiopia seeks to restructure $1bn Eurobond ahead of maturity in 2024 

The global economy will stay much longer to set back in motion majorly linked to fluctuating commodity prices and the conflict risks that continue to face the world. 

Fixing global economy to take longer than expected 

As Rwanda continues to raise her global competitiveness, the country is positioning itself as a major investments’ hub in the region. CNBC Africa spoke with Leonard Rugwabiza, Economic Advisor, Ministry of Finance and Economic Planning. 

Seizing economic opportunities in Rwanda amidst global downturn 

Somalia was admitted as the eight country to join the East African Community in what could turn around the fortunes of the region. 

Somalia raises stakes as country admitted to EAC regional economic bloc  

Private capital firm BluePeak is betting big on East Africa region following the firm’s $20 million investment to boost reginal connectivity. 

CBEA