Flutterwave has denied reports that it has secured a $75 million investment from the Nigerian government, while also distancing itself from claims that it is preparing for an imminent initial public offering. Flutterwave has rejected claims that it secured a $75 million investment from Nigeria’s government. The fintech firm said recent reports misinterpreted ongoing discussions…
Details
Kenya’s president, William Ruto, recently revealed why Kenya’s fuel prices are reacting more aggressively to the Iranian war than fellow East African countries. Kenyan President William Ruto explained that Kenya’s higher fuel prices compared to its neighbors are due to its status as a middle-income country, unlike its low-income neighbors. Ruto stated that fuel taxes…
Details
The United States is stepping up efforts to secure critical mineral supplies from Africa, focusing on uranium-rich Namibia as competition with China intensifies across the continent. The US is increasing efforts to secure uranium and other critical minerals from Namibia amid competition with China. US officials aim to boost uranium imports and support local production…
Details
Reports that the Nigerian federal government has approved a $75 million investment in Flutterwave, Africa’s largest fintech company, remain unconfirmed by the company itself, despite widespread media coverage and an initial social media post by a presidential aide that has since been deleted. Reports of a $75 million investment by the Nigerian government in Flutterwave…
Details
African finance ministers and central bank governors are turning to global lenders as the economic fallout from the US–Iran war threatens to reverse recent stabilisation gains across the continent. African policymakers are seeking support from global lenders as the US-Iran conflict disrupts recent economic gains across the continent. Rising energy costs and supply chain issues…
Details
Burkina Faso has told West African Resources Limited it plans to raise its stake in the Kiaka gold mine to 40%, up from 15%, in a move that comes as the Australian-listed producer projects a sharp increase in output from its West African operations. Burkina Faso plans to increase its stake in the Kiaka gold…
Details
