Kenya – DRC Trade Mission Kicks off in Kinshasa
The Kenya – DRC Trade Mission 2021, a 15-day business networking initiative organized by the governments of Kenya and DRC has kicked off. The trade mission, which brings together Kenyan [...]
IATA Reports Airlines Recovery in October 2021
The International Air Transport Association (IATA) has reported that the recovery in air travel continued in October 2021, with broad-based improvements in both domestic and international markets. Total demand for [...]IMF Approves $1.4 Billion Bailout for Zambia
The IMF, under the Extended Credit Facility (ECF), has finally approved a three-year lending programme worth $1.4 billion bailout for Zambia, seeking to help the country to restructure its extensive debts. [...]KCB Cancels Acquisition of Tanzania's African Banking Corporation
Kenya Commercial Bank (KCB) Grouphas cancelled its plan to acquire a 100% stake in African Banking Corporation Tanzania Limited (BancABC) from London-listed Atlas Mara Limited, citing regulatory hurdles. The lender [...]Zambia Airways Resumes Flights after 27 Years
Zambia’s state-run airline, Zambia Airways has resumed flights, 27 years after it was liquidated in 1994. On 20 August 2018, Ethiopian Airlines signed a definitive agreement with the Zambian Industrial [...]China's Financial Pledge to Africa Falls by 33%
China’s financial pledge to Africa has fallen to 33%, the first decline in twelve years. President Xi Jinping pledged $40 billion to the continent in the next three years, a [...]Kenya Maintains Flights to from Southern Africa despite Omicron Threat
Kenya will maintain flights to and from southern Africa nations, including South Africa, Namibia, Lesotho, Botswana, Zimbabwe, and Eswatini, despite a highly infectious new coronavirus strain (Omicron). Kenya Civil Aviation [...]New Omicron Variant Prompts Rwandair Angola to Halt Flights to Southern Africa
The Angolan government has announced the suspension of flights to South Africa, Namibia, Botswana, Lesotho, Zimbabwe, Eswatini and Tanzania, due to the emergence of a new COVID-19 variant, known as [...]Uganda's Coffee Exports Earnings Hit $657 Million
Uganda’s coffee exports earnings hit $657 million in the year to October 2021, on the backdrop of adverse weather conditions and the global COVID-19 restrictions in the world’s biggest exporters [...]Tanzania Announces Own Central Bank Digital Currency (CBDC) amid Plans to issue Crypto Regulations
Tanzania's central bank has announced intentions to launch its central bank digital currency (CBDC) amid the global rise and the increasing adoption of cryptocurrencies. The country's Central Bank Governor Prof [...]
Nasdaq Listed Papa John's International to Open 60 restaurants in Kenya and Uganda
Nasdaq listed Papa John's International has announced its expansion into Sub-Saharan Africa with plans to open 60 restaurants in Kenya and Uganda, with four of these restaurants planned to open [...]Air Tanzania resumes flights to Kenya After 20 years, Announces New Routes
Tanzania's national flag carrier, Air Tanzania, has resumed double-daily flights to Kenya after a 20-year plus break. The airline said it will operate double-daily flights between Dar es Salaam to [...]
