$5 Billion EACOP's Shareholders Begin Search for Financiers
Shareholders of the East African Crude Oil Pipeline (Eacop) have begun the search for financiers of the project, whose completion is expected mid this year. The 1,443km pipeline from Hoima [...]
Tanzania to Begin Avocado Exports to India
Tanzania is set to begin avocado exports to India, after India's health authorities allowed the entry of the fruit from Tanzania following lengthy negotiations. In 2003, India imposed an import [...]Morocco Reopens Airspace after 2-Month Hiatus
Morocco has reopened its airspace in a bid to breathe life into its crisis-hit tourism sector, two months after it cancelled commercial flights over coronavirus fears. However, passengers heading to [...]Kenya's LittleApp Expands to Ethiopia
Taxi-hailing company, LittleApp has launched its operations in Addis Ababa, Ethiopia making it the fifth country it operates in after Kenya, Kenya, Uganda, and Tanzania. Last year, the company had [...]Opinion; Why DRC is Africa's Next Economic Frontier
When businesses are looking to expand internationally, several factors are put into consideration before deciding to invest. However, the decision-making process is usually lengthy because more often than not SMEs [...]
Airtel Africa Plc Net Earnings in Q3 2021 rise to $ 514 Million
Airtel Africa profit after tax almost doubled to $514Million as higher profit before tax more than offset associated tax charges for the nine months period ended 31st December 2021. Airtel [...]
Morocco Begins Construction of $562 Million Vaccine Plant
Morocco has begun the construction of a new $562 million vaccine plant with the capacity to produce 116 million vaccines in 2024. The new ‘SENSYO Pharmatech’ factory in the coastal [...]Moody's Acquires 51 % Stake in Africa's Leading Rating Agency, GCR
Moody’s Corporation announced that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR). GCR is a leading credit rating agency in Africa with [...]Lami Technologies, Kenyan Insurtech Startup Acquires Bluewave Insurance Agency
Lami Technologies, a Kenyan insurtech startup has acquired Bluewave Insurance Agency for an undisclosed amount, entered Malawi and Democratic Republic of Congo as it seeks for markets in Africa Bluewave [...]Oracle Invests $1 Million for African Startups
American multinational technology company, Oracle has announced plans to invest $1 million to support African tech start-ups, seeking to help accelerate their digital initiatives with the latest cloud technologies and [...]Saudi Airlines Launches Direct Flights to Uganda
Saudi Arabian carrier, Saudi Airlines, has commenced direct flights from Riyadh to Uganda’s Entebbe International Airport, becoming the first airline to make direct flights between the two destinations. Entebbe becomes the [...]Kenya to begin work on Transnational Road link with Tanzania
Kenya has started the documentation processes for the dualling of the 40 Kilometre Mtwapa-Kilifi Road. The project is part of the 460 Km Malindi-Tanga-Bagamoyo East African corridor which is a [...]
