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 [...]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 [...]
