Shelter Afrique to Receive $28.7 Million Capital Arrears from Nigeria
Nigeria has committed to pay the full capital arrears of $28.7 million in Shelter Afrique in four instalments starting January 2022. In September 2020, the company received $$9.4 million from [...]
MTN Huawei Roll Out 5G Network in Zambia
MTN has partnered with Chinese tech giant, Huawei, to roll out the first ever fifth generation(5G) network in Zambia. Gracing the 5G Demonstration in Lusaka, Minister of Science and Technology [...]AfDB Approves $14 Million Grant for South Sudan
The African Development Bank (AfDB) has approved a $14 million grant for South Sudan, seeking to boost food security, value addition and trade. According to AfDB country manager for South [...]Top 10 Women To Watch In Banking and Finance In Africa Announced
12 January 2022: The Angaza Awards: Women to Watch in Banking Finance program has announced the list of Top 10 women who are steering and shaping Africa’s financial services [...]
Fourth edition of Africa Tech Summit set to take place live in Nairobi on Feb 23-24th
The African tech ecosystem will finally have the opportunity to connect again in person at the fourth edition of Africa Tech Summit taking place in Nairobi, Kenya on February 23-24, [...]Kenya Upgrades its Real-Time Payments Infrastructure
Kenya has upgraded its real-time payments infrastructure, placing the Country as one of the first countries in Africa to start running an ISO 20022 instant payments system with modern micro-services [...]
mPharma, Ghanian Health Startup raises $35million in Series D round
mPharma, a Ghanian health tech startup, plans to set up more pharmacies to widen its reach after raising $35 million in Series D round. The startup plans to grow its [...]Kenya Records a KSh 9.15 Billion Trade Deficit with Tanzania
Kenya had a trade deficit with Tanzania hit KSh 9.15 Billion at the end of the third quarter of 2021, official figures show, the first time imports from Tanzania have [...]Streaming Services Ranks Highest in Africa at 273%-Report
Streaming services in South Africa, Nigeria, Kenya, Egypt and other parts of Africa, ranked highest at 273 per cent ahead of other regions of the world. Streaming service is what [...]Top tips from Africa’s Most Active Angel Investors
In 2021, investments into African startups hit new record highs at over $4 billion compared to $1.5 Billion in 2020 according to a recent report by Techcrunch. With the boom [...]Dubai Indefinately Suspends All flights from Kenya, Ethiopia and Tanzania
Dubai has indefinitely extended suspended flights from Kenya, Ethiopia and Tanzania starting December 26th 2021.However, outbound flights from Dubai to the same countries will remain unaffected by the new extension. [...]Sarrai Group of India Secures Bid to run Mumias Sugar for 20 years
Sarrai Group, a Ugandan-based conglomerate with diverse and inter-related agro-manufacturing companies across East and Southern Africa, has secured a 20-year lease for assets of Mumias Sugar Company. It will consequently [...]
