Somalia Traders to Benefit from New Trade Information Portal
Somalia, with the help of the International Finance Corporation (IFC), has created a trade information portal that will lower costs and simplify trade procedures for Somali importers and exporters. Traders [...]
SAA to Resume Flights on 23rd September
South Africa's state-owned flag carrier, South African Airways (SAA), has announced plans to resume flights with effect from 23rd September 2021, after emerging from a 17-month business rescue process in [...]
DRC to Review $6 Billion Infrastructure Contracts with China
Democratic Republic of Congo (DRC) is set to review its $6 billion infrastructure-for-minerals contract with Chinese investors, citing concerns they are not sufficiently benefiting Congo. The government has formed a [...]Flame Tree Group Half-Year Net Profit rises 21% to KSh 66.9 Million
Flame Tree Group Holdings, a listed manufacturer and distributor of plastic tanks, cosmetics, snacks, spices and playground equipment, saw its net earnings for the first six months of this year [...]
IMF Approves $334 Million Loan for South Sudan
The International Monetary Fund (IMF) has approved a $334 million loan for South Sudan, geared towards improving the country's ailing economy. The allocation is part of the general allocation of [...]EAC Comesa Seek a Cross-Border Digital Payments Platform
The East African Community (EAC) member-states and Comesa are looking to introduce a digital payment system for informal cross-border trade within the Comesa bloc, with Tanzania, Kenya, Uganda and Rwanda [...]Umeme Limited Half-Year Net Earnings double to hit US$ 13.5 Million
Umeme Limited, a Ugandan distributor and supplier of electricity and listed at the Nairobi Securities Exchange(NSE), has recorded a Net Profit of US$ 13.5 Million( USh 48.2Billion) in H1, 2021. [...]Overseas Remittances Reach KSh230 Billion in 7 Months
Kenyans working abroad continued to send money home, providing relief to many low-income households in the country. In the first seven months of this year, the overseas remittances reached KSh230 [...]Invest Africa Partners with Google, KPMG, DHL, 4G Capital Aon to Support African MSMEs
Invest Africa has partnered with Google, KPMG, DHL, Aon and 4G Capital to launch a new programme that seeks to support over 500 African Micro, Small, and Medium Enterprises (MSMEs). [...]Highlands Investments Records Largest Cannabis Export: 8.5 Tons to Europe
Highlands Investments, an operator of one of the largest outdoor cannabis grow facilities in Africa, is set to export 8.5 tonnes of its Highlands Pure THC and CBD flower and [...]PureSoftware Opens its First African Office in Nairobi
PureSoftware, one of the fastest-growing software companies founded by Reed Hastings, the Chairman and Co-CEO of Netflix, has opened its first African office in Nairobi Kenya. The company which is [...]Shelter Afrique Admits FSA as its 47th Shareholder
Shelter Afrique, with its headquarters in Nairobi, has got Niamey-based Fonds de Solidarite Africain (FSA) to become the 47th Shareholder of paying a US$ 2 Million capital subscription fee. FSA [...]
