Afriex Raises US$10M for its Cash Transfer Platform
Afriex, a Nigerian fintech startup, has raised US$10 million for its blockchain money transfer programme as it aims to overrun competition. The global cash transfer business is currently dominated by [...]
Ethiopian Airlines Signs MoU with AFRAA for MRO Services
Ethiopian Airlines has signed a tripartite Memorandum of Understanding with UTD Aviation Solutions and the African Airlines Association (AFRAA), looking to work together on Maintenance, Repair, and Overhaul (MRO) services [...]
Ghana's Farmerline Raises $12.9 Million in Pre-Series A Funding
Ghanaian startup Farmerline has raised $6.4 million in its pre-Series A investment plus another $6.5 million in debt to help in expansion. It is Farmerline’s first equity raise since launching [...]Uganda's Laboremus Raises Funding from DOB Equity for Expansion
Laboremus Uganda has raised funding from DOB Equity and FCA Investments, seeking to expand its platform in Uganda and other neighboring markets. Laboremus is a B2B fintech that enables onboarding [...]Ethiopia Set to Change the Law to allow for M-pesa Expansion
Ethiopia has started changing its national payments law to clear the way for Safaricom to introduce its popular mobile payment platform M-Pesa in the market of 110 million users. Ethiopia’s central [...]
Umeme Limited to Hold AGM on May 19th
Umeme Limited will hold a hybrid Annual General Meeting(AGM) on Thursday, 19th May 2022, at 10.00 am at Kampala Serena Hotel. This meeting will comprise partly physical and partly virtual [...]China Commits to Join Zambia's Creditor Committee
International Monetary Fund (IMF) managing director Kristalina Georgieva has announced China commitment to joining Zambia's creditor committee, one of three countries that has sought debt relief under the G20 Common [...]Tanzania Signs Investment Deals Worth $5.04 Billion with the US
Tanzania and the United States have signed seven agreements for business projects which are set to be implemented in Tanzania by investors and companies from the United States of America. [...]Kenya Airways Resumes Direct Flights to Madagascar
Kenya's national airline, Kenya Airways (KQ) has announced the resumption of direct flights to Madagascar, following the easing of travel restrictions by the latter. The airline is set to operate [...]The Central African Republic Adopts Bitcoin as a form of Payment
The Central African Republic has become the first country in Africa to adopt Bitcoin as a payment currency in a bid to put the country’s plan for economic recovery and [...]Morocco to Supply UK with Clean Energy
Morocco is building a 10.5 Gigawatt Solar and Wind farm to supply clean energy via Subsea Cables to the United Kingdom(UK). This twin 1.8 GW high voltage direct current (HVDC) [...]Mozambique on Path to Launch Sovereign Wealth Fund
Mozambique has announced plans to establish a sovereign wealth fund later this year as it prepares to start natural gas exports aimed at generating $96 billion of revenue for country. [...]
