EIB and TDB launch 12-year EUR 81.5 million financing initiative to support private sector across Eastern and Southern Africa
Access to finance by entrepreneurs and businesses with an impact on people in fragile situations across Africa will be bolstered by a new 12 year EUR 81.5 million initiative launched [...]
Kenya in the final stages of implementing AfCFTA
Kenya’s negotiators and implementers are in the final stages to make the Africa Continental Free Trade Area (“AfCFTA”) a reality for many Kenyan businesses. “Access to relevant and timely information [...]
Nigeria Air to Finally Take to the Skies in April 2022
Nigeria's National Carrier, Nigeria Air, is set to finally take to the skies in April 2022, following the approval of the outline business case for the establishment of the national [...]IGAD Unveils KSh3.8 Trillion Infrastructure Plan
The Intergovernmental Authority on Development (IGAD) has unveiled a KSh3.8 trillion transport infrastructure plan set to be implemented by 2024. The plan includes 89 short term projects ( 61 projects [...]KenGen Begins KSh0.7 Billion Geothermal Drilling in Djibouti
The Kenya Electricity Generating Company (KenGen) has begun the drilling of three geothermal wells in Djibouti that will cost KSh0.7 billion. Drilling of the first well is projected to take [...]Edelman Kenya Appoints Corazon Wandimi, a PR Expert, as its New MD
Edelman Africa communications consultancy, has announced the appointment of a new Managing Director, Corazon Sefu Wandimi, to its Kenya Office. Edelman is the largest global communications firm with 66 offices [...]
IMF Approves $372 Million Loan for Tanzania
The International Monetary Fund has approved a zero-rated $372.4 million loan for Tanzania, aimed at supporting the country's COVID-19 pandemic relief measures. The loan will be issued through the Fund's [...]Gambia Raises Stake in Shelter Afrique to 0.27%
The Government of Gambia has increased its stake in Shelter Afrique to 0.27% after an additional $19,218.96 capital injection into the firm. The Gambia is now the 11th country to increase [...]Kenya's Imports from Tanzania Hit KSh20.5 Billion in H1 2021
Kenya’s imports from Tanzania hit KSh20.5 billion in H1 2021, riding on the back of resolved trade disputed between the two countries. This compares to KSh10.8 billion for the same [...]ITC, Afreximbank to Train Small firms On Export Techniques
The International Trade Centre (ITC), in partnership with the African Import-Export Bank (Afreximbank)- a Pan African multi-lateral institution located in Cairo, Egypt, has launched a new training programme for small [...]Air Tanzania Orders 4 More New Planes
Tanzania’s flag carrier, Air Tanzania, is set to receive 4 more aircraft after the government ordered four new planes at the 2021 Dubai Airshow, seeking to boost the airline's capability [...]KQ Increases Weekly Flights to Ethiopia from 3 to 7
Kenya Airways (KQ) has increased weekly scheduled flights to Ethiopia from three to seven, as high demand for passengers seeking air travel in the wake of political upheaval has gone [...]
