President Uhuru to Lead DRC Entry Pact Signing to The EAC in Nairobi
President Uhuru Kenyatta is set to lead the signing ceremony for entry of the Democratic Republic of Congo (DRC) into the six-nation East Africa Community (EAC) on Friday. A statement [...]
Visa Opens First Innovation Hub in Africa to Drive Product Development
Digital payment provider, Visa has opened a new innovation studio in Nairobi, its first dedicated innovation site in Sub-Saharan Africa (SSA). The facility will serve the sub-Saharan Africa region and [...]Central Bank of Nigeria Fines 3 Banks for Facilitating Crypto Transactions
The Central Bank of Nigeria (CBN) has fined three banks a total of $1.9 million for allegedly facilitating cryptocurrency transactions in 2021. Access Bank the country’s biggest lender by assets [...]
Afrexim Bank Launches $4 Billion Facility for African Businesses Affected by the Russia-Ukraine War
The African Export-Import Bank (Afrexim bank) has launched a $4 billion credit facility to assist African countries and businesses that the Russia-Ukraine war has affected. The facility, dubbed the Ukraine [...]JSE to List Actively Managed Exchange Traded Funds
The Johannesburg Stock Exchange (JSE) intends to amend rules to enable listing of actively managed exchange-traded funds (ETFs). To make listing actively managed ETFs possible, the JSE intends to expand [...]
Rwanda and Zambia Sign Seven Cooperation Deals to Boost Trade
Rwanda and Zambia have signed seven cooperation agreements that cover areas of investment, trade, agriculture, and migration so as to boost trade between them. The agreements were signed by Zambia's [...]Parcel Delivery Firm, UPS Partners with Jumia to Expand in Africa
Parcel delivery firm United Parcel Services Inc (UPS) has partnered with Jumia, seeking to use the latter's distribution network in Africa to expand. The collaboration will initially cover Kenya, Morocco, [...]AGF signs KSh 1 B deal with Stanbic Kenya
African Guarantee Fund(AGF) has signed a KSh 1 Billion partnership agreement with Stanbic Kenya that will enable the bank to lend to higher-risk SME's without traditional collateral. The AGF contributes [...]Dar es Salaam Stock Exchange Posts Equity Turnover of TZs 200.64M
Dar es Salaam Stock Exchange(DSE) recorded a total turnover of TZS 200.64 Million from 395,441 shares traded in 64 deals and TZS 0.32 Billion from bonds traded in 3 deals. [...]NSE Eyes Stake in Uganda Securities Exchange
The Nairobi Securities Exchange (NSE) is eyeing investments in regional bourses as it looks to supplement the revenue it earns from trades and data sales in the local market. The bourse [...]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 [...]
