Nairobi Improves Ranking in Global Financial Centres Index
Nairobi, Johannesburg and Cape Town increased their ratings in the 30th Global Financial Centres Index by more than 20 points while Casablanca continues to be the leading African centre. Kigali [...]
Google to Invest $1 Billion in Africa's Digital Transformation
Google has announced plans to invest $1 billion in accelerating Africa's digital transformation, over the next five years. Part of the investment includes a partnership with Safaricom Plc, which will [...]
MTN Uganda Plans $1.2 Billion IPO for East African Investors
MTN Uganda has announced plans for an Initial Public Offering (IPO), looking to sell a fifth of its stake to East African investors. This includes investors from Kenya, Uganda, Tanzania, [...]Shelter Afrique Partners with Cameroon for a $15 Million Prefab Factory
Shelter Afrique has entered a deal with the government of Cameroon to set up a $15 million Industrial Housing Corporation (prefab factory) to provide low-cost construction materials for the construction [...]Sendy, Toyota Tsusho acquire stake in West African logistics startup Kamtar
Kenyan tech-logistics startup Sendy and Toyota Tsusho Corporation have completed a strategic equity investment in Kamtar, a Francophone logistics platform. Other investors in the round include Mobility 54 Investment SAS [...]Airtel Money and Flutterwave sign Partnership to enhance payment options for East Africa businesses
Airtel Money has signed a partnership with Flutterwave, aimed at enhancing payment and transaction options for businesses across Eastern Africa. The partnership will allow businesses integrating Flutterwave in Uganda, Tanzania, [...]IATA Projects $1.5 Billion Loss for African Airlines in 2022
The International Air Transport Association (IATA) has projected a $1.5 billion loss for African airlines in 2022, down from a $1.9 billion loss in 2021. IATA has attributed this slow [...]Intra EAC Trade Falls to KSh649 Billion in 2020
Trade within the East African Community (EAC) dropped by 5.5% in 2020 to reach KSh649 billion, occasioned by the global COVID-19 pandemic that had a negative impact on trade. EAC [...]Uganda Airlines Begins Direct Flights to Dubai
Uganda’s national carrier, Uganda airlines has begun direct flights to Dubai, the first intercontinental flight for the carrier since it was revamped two years ago. This comes after the UAE [...]Longhorn Publishers Emerge from Losses to Net Profit of KSh 7.5 Million in 2021
Longhorn Publishers emerged from a full-year Net Loss of KSh 225.9 Million in 2020 to a Net Profit of KSh 7.5 Million in 2021. The publisher's Balance Sheet size, according [...]Kenyan Brands that Feature Among Top 150 in Africa
The list of Kenyan brands featuring in this year's Brand Finance Africa 150 ranking includes Safaricom, Tusker, KCB Group, Equity Group and Co-operative Bank of Kenya. Kenya is now accountable [...]Comesa Launches Online Platform for Traders in the Regional Bloc
The Common Market for Eastern and Southern Africa (Comesa) Federation of Women in Business and the African e-Trade Group (Ae-Trade) have launched an online platform for traders in the regional [...]
