Tanzania Fires the First Shot in Restricting Foreign Participation in Selected Business Sectors In a move that has stirred both nationalistic pride and regional concern, Tanzania has enacted the “Business Licensing (Prohibition of Business Activities for Non-Citizens) Order, 2025”, a regulation rooted in its new Finance Act of 2025. This order prohibits non-citizens from participating […]
In a bold move signaling a new chapter in Senegal’s economic journey, Prime Minister Ousmane Sonko has announced an ambitious economic recovery plan aimed at strengthening public finances, boosting domestic revenue, and revitalizing the business landscape. The plan launched amidst rising inflation and post-pandemic recovery struggles emphasizes fiscal discipline, regulatory reform, and targeted tax policies […]
The Bank of Ghana (BoG) has announced an aggressive regulatory crackdown on non-compliant remittance activities, signaling a major shift in how foreign exchange and payment systems will be governed in the country going forward. While the directive primarily targets domestic Banks, Dedicated Electronic Money Issuers (DEMIs), Enhanced Payment Service Providers (EPSPs), and Money Transfer Operators […]
Tanzania and Rwanda have taken bold steps toward deepening their economic partnership, with a new wave of bilateral agreements aimed at enhancing transport, trade, and regional integration. The deals, finalized during the 16th Joint Permanent Commission (JPC) meeting held in Kigali, underscore the increasing importance of intra-African cooperation in driving growth and competitiveness for businesses […]
MTN South Africa’s recent R300 million (~$17 million) network infrastructure investment in Gauteng is not only a pivotal move for South Africa’s digital economy, but also a catalyst for broader growth across the African startup landscape. As one of the continent’s telecom giants, MTN’s strategic infrastructure upgrades signal a regional shift in investor sentiment, market […]
Following a series of inconclusive gatherings earlier this year, the G20 Finance Ministers have finally achieved a long-awaited consensus during their summit held in Durban, South Africa. The joint communiqué, the first since October 2024, outlines a shared commitment to key economic and fiscal priorities amidst an increasingly volatile global environment. This development is viewed […]
In a groundbreaking move aimed at deepening economic integration and unlocking pan-African business opportunities, the Government of Kenya has officially eliminated visa requirements for nationals of all African countries excluding Libya and Somalia, marking a new era of regional mobility and commercial expansion. This landmark policy reform, effective immediately, means that African and most Caribbean […]
The financial and operational realities for African businesses are evolving rapidly. In 2025, digital transformation, regional integration, and scalable payment systems are no longer buzzwords; they’re business imperatives. One of the most pivotal developments in East Africa’s financial infrastructure is the Tanzania Instant Payment System (TIPS). Developed and launched by the Bank of Tanzania, TIPS […]
As Kenya’s business landscape rapidly digitises, one area experiencing dynamic transformation is access to digital credit for Micro, Small, and Medium Enterprises (MSMEs). With innovative solutions such as Fuliza Biashara and Taasi Till, rolled out by Safaricom in partnership with financial institutions, the traditional bottlenecks that hindered small business financing are being replaced by instant, […]
On June 27, 2025, President Bola Ahmed Tinubu signed four groundbreaking tax reform bills into law. Widely regarded as the most comprehensive overhaul of Nigeria’s tax system in decades, these reforms mark a critical turning point for business operators especially startups and SMEs working from innovation spaces like OfficePhase. These new laws aim to simplify […]
