MultiChoice and NBCUniversal are set to invest a substantial $177 million in Showmax, aiming to compete with international streaming giants in Africa’s burgeoning market.
Ikeoluwa Ogungbangbe
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Burkina Faso contemplates leaving the currency union, while Mali reaffirms its commitment. Economic stability hangs in the balance as West African nations chart contrasting paths.
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Kenya’s President Ruto announces plans for a Eurobond buyback, aiming to strengthen the country’s financial position amid currency and revenue challenges.
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Economy
Tunisia Successfully Clears All 2023 Debts Amid Financial Strain, Prepares for Heavier Repayment in 2024
Tunisia’s Finance Minister confirms full repayment of 2023 domestic and external debts, outlines challenges posed by increased foreign debt for 2024.
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Politics
Senegal’s Presidential Race Excludes Opposition Leader Sonko and Stirs Political Uncertainty
The exclusion of Ousmane Sonko and Karim Wade from Senegal’s presidential race raises concerns about political stability and fairness.
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Amid Eurobond payment concerns, Kenya secures $210 million in loans from TDB, offering financial relief. Finance Minister provides insights.
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Currency traders anticipate changes in African exchange rates, with Ghana’s cedi expected to strengthen, the Kenyan and Nigerian currencies to weaken, and Uganda’s shilling to remain stable in the coming …
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Lesetja Kganyago, South Africa’s central bank governor, anticipates 5% inflation in 2024 amidst global and domestic economic uncertainties.
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Tanzania has lifted the ban on Kenya Airways flights, allowing the airline to operate between Nairobi and Dar es Salaam.
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EconomyNewsSociety
MultiChoice Partners with Comcast to Bring Premier League Action to Africa on Showmax
MultiChoice joins forces with Comcast to introduce a Premier League plan on Showmax, bolstering its streaming platform’s appeal across Africa.