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Africa is losing close to 3 per cent of its GDP to illicit financial flows majorly linked to tax avoidance to profit shifting by multinationals which is crippling economic growth across the continent. 

Africa’s growing illicit financial flows stalling economic growth

As the world welcomed thanksgiving Friday in the globe’s largest economy the United States of America, shoppers and travelers have hit a record high as the black Friday bug caught on with many. 

 Black Friday gets consumers on the edge as festive season kicks in

CNBC Africa's Akinkumi Obakeye caught up with Fiona Wanjiku Moejes, CEO of The Mawazo Institute, to discuss collaboration and policies for an effective higher education ecosystem.

Collaboration & policies for an effective higher education ecosystem 

As BRICS rises and de-dollarization gains momentum, Africa stands at a critical crossroads, facing both opportunities and challenges. 

Africa at a crossroads in the rise of BRICS & de-dollarisation

The Global Energy Alliance for People and Planet (GEAPP), in partnership with Malawi’s government and ESCOM, has launched a $20 million project to build the country’s first Battery Energy Storage System (BESS) in Lilongwe. 

Malawi’s first $20mn battery energy storage system 

Guinea’s mining sector is poised for a bright future after a rocky past riddled with conflict. 

Guinea ramps up mineral exploration to drive economic growth under vision 2040

African countries are making enormous strides in attracting foreign direct investments despite facing multiple shocks. 

Africa investment climate improving but more reforms required

Low income countries are on the verge of debt distress as currency volatility continues to rock regional markets for many African countries according to a new report released by Africatalyst. 

Role of local currency financing in navigating debt challenges for low-income countries

Financial inclusion in emerging markets across Africa is a catalyst for economic transformation, fostering empowerment for individuals and businesses alike. 

Financial inclusion in emerging markets across Africa

Premier Wholesale Rwanda aims to revolutionize the country’s fresh produce export industry with a new mechanized packhouse in Masoro, Kigali Special Economic Zone. 

Premier Wholesale Rwanda's mechanized packhouse to streamline fresh produce exports

African countries still remain attractive for investments as the continent works fast to improve the business environment through implementing wide ranging business reforms that are increasing the flow of foreign direct investments. 

Fostering growth of African economies through FDI

American ride hailing company Uber has generated Ksh14.1 billion in revenue under it's Kenya operations in it’s latest impact report for 2023. 

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