Tanzania Revenue Authority Sets 15-year Revenue Record Collecting Sh 16.69 Trillion in 9 Months
Data released by Tanzania Revenue Authority (TRA) shows that, so far, the taxman has gathered Sh16.69 trillion during the first nine months of the current financial year which is 97.3 [...]
KQ SAA in Search for West Africa Airline for Partnership
Kenya Airways (KQ) and South African Airways (SAA) arein search for a West African partner airline to join its two-member pact. The two carriers in November last year signed a [...]
Stanbic Uganda Net Profit up 11% to USh 269 Billion
Stanbic Uganda Holdings Limited(SUHL) recorded a Net Profit of KSh 269 billion for the year ended 31st December 2021, an increase of 11%. Its performance was driven mainly by the [...]
Bollore Sells Stake to MSC for $6.3 Billion
.Bollore Logistics has agreed to sell its African operations to MSC Shipping Company for US$ 6.3 Billion( KSh 724.8billion).. Bollore African Logistics, which belongs to French tycoon Vincent Ballore, first [...]BK Group Net Profit Up 35% to US$ 51.2 Million
Bank of Kigali(BK) Group Plc, listed on the Nairobi Securities Exchange(NSE), recorded a Net profit of $ 51.2 Million or Rwandan Franc(FRw) 51.9 Billion in 2021 from $ 39.3 Million [...]Uganda ends Mandatory Covid-19 Testing at Borders
Uganda has announced that travellers entering the country will not be required to test for COVID-19 as long as they are fully vaccinated. The government also ordered private laboratories conducting [...]Moove Partners with SWVL for Electric Buses Financing
Egyptian ride-hailing firm, SWVL, has partnered with Nigeria's mobility fintech, Moove, to scale the latter's revenue-based vehicle financing model across the Middle East, North Africa, and Pakistan (MENAP) region, and [...]Lufthansa's Eurowings Discover Launches Direct Flights to Victoria Falls
Lufthansa Group's Eurowings Discover has launched direct flights from Frankfurt, Germany, to Victoria Falls, Zimbabwe. It becomes the first direct passenger flight between Zimbabwe and Europe since Air Zimbabwe discontinued [...]IMF in Talks with Tanzania Over Potential $700 Million Loan
Tanzania is seeking at least $700 million from the International Monetary Fund (IMF) as it adjusts its borrowing strategy to take on more concessional loans and reduce the risk of [...]CFAO Healthcare Acquires 30% Stake in Goodlife Pharmacies
CFAO Healthcare has acquired a 30% stake in Goodlife Pharmacies from Leapfrog Investments. LeapFrog first invested in Goodlife in 2017, and will remain the majority shareholder, and CFAO Healthcare the [...]Mozambique Hikes Key Interest Rate to 15%- a Four-Year High
Mozambique central bank has increased its key interest rate to a near four-year high, citing rising prices resulting from Russia’s invasion of Ukraine and the effects of tropical cyclones that [...]KCB Group Receives Regulatory Approval to Merge Rwanda Units after BPR Acquisition
KCB Group PLC says it has received regulatory approval by the National Bank of Rwanda (BNR) to merge its newly acquired Banque Populaire du Rwanda (BPR) and KCB Bank Rwanda. [...]
