Phase3 Telecom celebrates 22 years of leading Africa’s digital transformation

An advocacy organization for business interests endorsed a 15 percent tariff on imported fuel as a strategy to strengthen local refineries and preserve currency reserves. The Centre for the Promotion of Private Enterprise described the levy as an appropriate intervention that could spur manufacturing growth and employment while reducing vulnerability to external economic pressures. Chief…

Nigeria’s currency strengthened to 1,465 naira per dollar at informal exchanges following removal from the Financial Action Task Force grey list on Friday, October 24, marking recognition of anti-money laundering reforms across 40 recommendations. The milestone prompted Central Bank Governor Olayemi Cardoso to emphasize consolidating compliance gains while foreign reserves reached 43.10 billion dollars by…

Kenya’s government met with a South Korean infrastructure agency to discuss financing mechanisms for construction projects across the country. John Kipchumba Tanui, principal secretary for the State Department of ICT and Digital Economy, spoke with Ji Hye Choi, who directs the Africa operations of Korea Overseas Infrastructure & Urban Development Corporation, about potential collaboration supporting…

Ghana raised 4.76 billion cedis from treasury bills after missing its 6.82 billion cedi target by 30 percent, according to Bank of Ghana data. Authorities accepted all submitted bids as pressure builds to cover immediate expenses ahead of the November budget presentation. The 91-day bill attracted 4.87 billion cedis, while 182-day and 364-day instruments collected…

Young people comprise nearly 80 percent of East Africa’s hospitality workforce and drive innovation through digital tools and social media platforms. The fourth Uganda-Kenya Coast Tourism Conference emphasized youth leadership in transforming the regional industry through technology adoption and entrepreneurial ventures. Retaining talent remains difficult as workers often leave after two years. Industry leaders must…

An environmental and social impact assessment on the Venus Offshore PEL0056/Block 2913B for TotalEnergies indicates that oil production off Namibia’s Lüderitz coastline will not significantly harm air quality. The assessment, conducted by independent consultants, notes that while ship emissions and occasional flaring could release pollutants, the prevailing winds will carry these emissions out to sea,…