Nigerian commodities exchange AFEX Expands To Kenya
Nigeria’s leading commodities exchange and commodities market player, AFEX has expanded into Kenya, following a successful pilot phase in the East African country. As part of the expansion, the company [...]
Uganda's Tugende Closes Pre-Series B Funding
Uganda'a Tugende, a technology-enabled asset finance company that provides asset financing and digital services to small businesses has announced it has raised a pre-Series B investment round led by current [...]Namibia Seeks to Double GDP by 2040 with Largest Oil Discovery Since Independence
Namibia projects its biggest oil discoveries since independence will help double its gross domestic product (GDP) by 2040. TotalEnergies in February said it had made a “significant” oil discovery off the [...]Zimbabwe Tables Measures to Curb Rising Costs of Bread
The Reserve Bank of Zimbabwe (RBZ) has agreed with the Bakers Association of Zimbabwe on some measures to stabilize the price of bread that has risen sharply over the past [...]South Africa's FlySafair Adds 10 Routes across Sub-Saharan Africa
South African airline, FlySafair has announced plans to add at least 10 new routes across sub-Saharan Africa. The airline will fly to capital cities such as Nairobi, Lusaka and Maputo [...]Afropolitan Raises $2.1 Million to Build a Digital Nation
Afropolitan, a startup that wants to build a digital nation for Africans, has raised pre-seed funding of $2.1 million. There are over 25 angel investors including Iyinoluwa Aboyeji of Future [...]Dar es Salaam Stock Exchange picks Mary Mniwasa as Acting CEO
Dar es Salaam Stock Exchange(DSE) Board has appointed Mrs. Mary Stephen Mniwasa, the chief legal counsel at the bourse, to serve as acting Chief Executive while the search for a [...]
Africa has 600 Million People With No Access to Electricity
Africa has 600 million people, or 43% of its total population with no access to electricity. According to International Energy Agency(IEA) report titledAfrica Energy Outlook 2022, Electricity is the backbone [...]South Africa's Economic Activity Rebounds in May
A gauge measuring South African economic activity bounced back strongly in May after the worst flooding in almost three decades left more than 400 people dead, damaged businesses and halted [...]
Airline Industry on Road to Recovery as IATA Publishes Positive Forecasts for 2022
The International Air Transport Association (IATA) has announced an upgrade to its outlook for the airline industry’s 2022 financial performance as the pace of recovery from the COVID-19 crisis quickens. [...]Uganda Airlines Receives Landing Rights at Guangzhou
Uganda Airlines has received landing rights at Guangzhou Baiyun International Airport located in southern China. The public relations manager of Uganda Airlines, Shakira Rahim says this is the first-ever direct [...]Tanzania Uganda Insurers Sign Deal for 5% Premiums for EACOP
Insurers from Tanzania and Uganda have teamed up to form a consortium that will ensure that 5% of premiums are retained locally under local content in the East Africa Crude [...]
