Kenya Set to Connect to Tanzania and Ethiopia's Power Grid
The construction of the electricity interconnectors linking Kenya’s transmission lines to the Ethiopian and Tanzanian national power grids will be completed in 2022, a government official said on Friday. Antony [...]
Somalia Issues Licences to First International Banks in the Country
Somalia said on Sunday it had awarded licences to two foreign banks as the troubled Horn of Africa nation opens up the industry to international lenders. State-owned Banque Misr of [...]USAID Set to Boost Zambia's Regional Food Export with $30 Million Fund
USAID will arrange a $30 million package which will in part help Zambia boost food exports to two east African countries suffering from surging prices due to Russia’s invasion of Ukraine. Two [...]AfCFTA Could Lift 50 Million Africans from Extreme Poverty World Bank
The African Continental Free Trade Area (AfCFTA) has the potential to bring significant economic and social gains for the continent and lead to higher incomes, lower poverty, and accelerate economic [...]
Airtel Africa Launches SmartCash Payment Service Bank in Nigeria
Airtel Africa, as announce the launch of SmartCash Payment Service Bank, its wholly-owned subsidiary, to provide secure and reliable financial services across Nigeria. Headquartered in Lagos, it is accepting deposits from [...]AfDB Set to Fund Rwanda to Establish Pharmaceutical Body to Support Vaccine Making
Rwanda has landed a deal to establish a pharmaceutical body, funded by the African Development Bank (AfDB), to support the region in the making of vaccines, drugs and patent applications. [...]Shell Suspends Plans to sell its onshore oil assets in Nigeria
Shell has suspended plans to sell its onshore oil assets in Nigeria until the outcome of an appeal to a Supreme Court ruling over a 2019 oil spill, it said on [...]Mauritius Drops Almost All COVID-19 Restrictions
Mauritius has reopened nightclubs and bars, lifted restrictions on gatherings, and scrapped a public mask mandate as it eased COVID-19 measures. Restrictions on public gatherings and crowds at weddings, funerals [...]Egypt Gears for $500 Million from World Bank to Boost Food Security
Egypt is set to receive $500 million from the World Bank to boost its food security that has been jeopardised by the war between its main suppliers, Russia and Ukraine [...]Jambojet Fetches KSh11 Million from Cargo Operations in Goma
Jambojet has raked in sales worth KSh11 million since it launched cargo operations in Goma in January this year, after receiving regulatory approvals from the aviation regulator to fly goods [...]African e-Health Startups Receive $7 Million Backing from New Program
Southbridge AI, Salient Advisory, and SCIDaR have partnered to launch i3, a $7 million programme that seeks to provide 30 African e-health startups with funding and support each year. Sponsored [...]Sudan Launches New Direct Maritime Shipping Route to China
Sudan and China are celebrating the launch of Sudan-China Express, the first direct maritime shipping route between the two countries. Noting that Sudan locates in northeastern Africa and on the [...]
