Ethiopia is now closer to getting its own stock exchange with 50 companies
Ethiopia’s Ministry of Finance, the Ethiopian Investment Holdings and FSD Africa on Wednesday signed a cooperation agreement to establish the Ethiopian Securities Exchange (ESX). Once established, the ESX will become [...]
Equity Group Invests KSh383 Million in DRC Subsidiary
Equity Group invested an additional KSh383 million in its Democratic Republic of Congo (DRC) subsidiary last year, underlining its confidence in that market which has become its most profitable outside [...]
Zimbabwe Lifts Temporary Ban of Lending Services by Banks
The Reserve Bank of Zimbabwe has lifted a 10-day temporary ban of lending services by banks. President Emmerson Mnangagwa announced the ban in a bid to halt the runaway depreciation [...]Bollore Logistics Awarded Main Logistics Contract for Crude Oil Pipeline
TotalEnergies has awarded the a contract for the main logistics contractor (MLC) services for the East African Crude Oil Pipeline (Eacop) project, to French multinational, Bollore Logistics. Local firms in [...]Healthcare Startup, CarePoint Raises $10 Million in Series B Bridge Round
Healthcare startup, CarePoint has raised $10 million series B bridge round to accelerate its growth across Africa, and brings the total funding raised by CarePoint to $30 million. The latest [...]Nairobi Emerges The Only African City in Latest Global Cities Index
Nairobi emerged as the only city in Africa that made the top 45 global cities that posted growth in the last year, this is according to the latest Prime Global [...]MTN to Roll Out 5G Network in Nigeria
MTN, the South African multinational mobile telecommunications group, operating in many African and Asian countries, intends to roll out a 5G mobile Network in Nigeria this August. Nigeria will be [...]
SA Lender Ubank Put Under Administration
Ubank Limited, a South African lender that is partly managed by mine workers, has been put under administration to protect its assets. South Africa’s Finance Minister Enoch Godongwana appointed KPMG [...]Cost of Gas Food Drives Nigeria's Inflation to 8-Month High of 16.82%
Nigeria's inflation rose to an eight-month high in April as the cost of gas and food items such as bread and cereals climbed on the back of surging global commodity [...]Tanzania Seeks to Add 6,000MW Renewable Energy to its National Grid
Tanzania has announced plans to add close to 6,000MW of renewable power to its national grid. Tanzania is already on course to sign an agreement with Equinor and Exxon Mobil [...]Air Tanzania Signs Training MoU with Boeing
Air Tanzania Company Limited (ATCL) and Boeing have signed a Memorandum of Understanding (MoU) for the later to train the airline officials. ATCL chief executive officer, Mr Ladislaus Matindi, says [...]Safaricom to Raise $2 Billion for Funding of its Ethiopian Subsidiary
Safaricom has announced plans to raise close to $2 billion from development finance institutions (DFI) and local banks in five years to fund its Ethiopian subsidiary. Part of the funding [...]
