IFC to invest $15M in Egypt’s Algebra Ventures
The International Finance Cooperation (IFC) has pledged a $15 Million investment in Egypt’s Algebra Ventures. IFC intends to support the growth of approximately 20 technology start-ups, primarily in Egypt but [...]
Jubilee Holdings to Construct KSh461 Million Headquarters in Tanzania
Jubilee Holdings is set to construct a KSh461 million headquarters in Dar es Salaam for its Tanzanian operations. Jubilee’s chairman Nizar Juma says the construction will see the company save [...]
African Airlines Record Improved Performance in march
African airlines recorded an improved performance in March with the airline’s capacity reaching 67.3% exhibiting a steady recovery after most countries removed travel restrictions put in place to control the [...]
Old Mutual Appoints Anthony Mwithiga as MD For East Africa Asset Management Unit
Old Mutual Investment Group (OMIG), a leading South African Investment Firm, has appointed Anthony Mwithiga as Group Managing Director, Asset Management for East Africa. Before this appointment, Mwithiga was the [...]Tanzania Signs Deal with Japan to Decongest Dar es Salaam
Tanzania has signed a partnership deal with the Japan International Cooperation Agency (Jica), seeking to decongest the Dar es Salaam. The project titled “Transit-Oriented Development (TOD) for Dar es Salaam” [...]Algeria Aligns Itself to Become Italy's Main Supplier of Gas
Algeria is aligning itself to boost gas exports to Italy by 50%,seeking to become Italy's main supplier of gas. The North African nation will aim to increase supplies to Italy [...]Tanzania Breweries Limited in New Move to Grow Startups in the Country
Tanzania Breweries Limited (TBL) is seeking to spur the growth of startups in the country by inviting innovators across the country to apply for its 100+ Accelerator programme. The programme [...]Angola Raises $1.75 Billion in Sale of Eurobond
Angolaraised $1.75 billion in overseas debt, becoming the second African nation after Nigeria to tap the Eurobond market since the start of the war in Ukraine. The 10-year debt offering, [...]Lipa Later Appoints Tom Gong as Chief Technology Officer
Lipa Later, the first of its kind buy-now-pay-later company operating in Kenya, Rwanda, Uganda, and Nigeria, has appointed Tom Gong as the new Chief Technology Officer. Prior to his appointment, [...]KenTrade Launches Africa E-Trade Platform for Exchange of Commercial Documents
The Kenya Trade Network Agency (KenTrade) has launched the Africa e-trade platform to handle the exchange of commercial documents. The platform has been in a pilot phase for about 18 [...]KQ SAA to Begin Investor Search for Pan-African Airline
Kenya Airways (KQ) and South African Airways (SAA) have announced plans to begin a search for an investor for the Pan-African airline group they aim to create next year. The campaign to [...]Central Bank of Ghana Warns against Transacting in Foreign Currencies within the Country
The Central Bank of Ghana has warned citizens against using foreign currencies to transact business within the country, including engaging in foreign exchange business. The Central Bank of Ghana has [...]
