Kenya's 2020 Exports to EAC Hit $1.44 Billion
Kenya’s 2020 exports to the East African Community (EAC) rose by 12.7% to hit $1.44 billion (KSh158.3 billion), an increase from $1.28 billion (KSh140.4 billion) in 2019, accounting for 64.3% [...]
54gene Raises $25 Million in Series B Funding
Nigeria’s genomics research, services, and development startup, 54gene, has raised $25 million in its Series B round of funding. Investors who took part in the funding include Pan-African venture capital [...]Vodacom Commits To Invest in Safaricom Ethiopia
Vodacom Group says it will commit to fund Safaricom Telecommunications Ethiopia PLC, a new telecommunications services company which was awarded a licence to operate telecom services in Ethiopia in May [...]Shelter Afrique Receives an Additional $2.7 Million Investment from Tanzania
Shelter Afrique has received an additional $2.7 million investment from Tanzania, representing an additional 1.24% stake. This new investment now moves Tanzania's shareholding up from 0.3% to 1.54%. Tanzania’s capital [...]Tanzania Ratifies the AFCTA Treaty
Tanzania has ratified the agreement establishing the African Continental Free Trade Area (AfCFTA), joining a pact connecting countries with a total gross domestic product of $3.4 trillion. AFCTA was first [...]IMF Approves $567 Million Loan for Tanzania
The International Monetary Fund (IMF) has approved a $567.25 million loan for Tanzania, aimed at helping the country finance its urgent balance of payments needs arising from the global COVID-19 [...]Rwandair Announces New DRC Route
Rwanda's national carrier, RwandAir has announced plans to launch new routes of Kigali-Lubumbashi and Kigali-Goma, adding to the Kigali-Kinshasa one, expanding its footprint in the Democratic Republic of Congo (DRC). [...]Nigeria’s Autochek Acquires Cheki Kenya and Uganda
Nigeria's Autochek, the automotive technology company facilitating auto financing across Africa, has acquired Cheki Kenya and Uganda from Ringier One Africa Media (ROAM). The move comes just one year after [...]Kenya Picked as a Location for a Hyperscale Data Centre
Kenya is one of the 10 African countries that has been earmarked for the establishment of hyperscale data centres in the continent. Africa Data Centres is the company behind the [...]
Rwanda Partners With IFC to Develop Vaccine Manufacturing Capacity
Rwanda has joined forces with the International Finance Corporation (IFC) to develop the nation's capacity to produce essential vaccines for the African continent. IFC will assist the fast-developing nation to [...]Britam Half-Year Net Earning Rise to KSh 376.3 Million
Britam Holdings Plc recorded a net profit of KSh 376.3 Million at the close of the six months ended 30th June 2021 compared to a loss of KSh 1.6 Billion [...]
Tanzania Slashes Mobile Money Levy by 30%
Tanzania has reduced its mobile money levy by 30% after complaints from residents that the levy was a financial burden. In June, the government had amended the Electronic and Postal [...]
