Rockefeller Foundation, IFC Partner to Increase Energy Access in Sub-Sahara Africa
70% of homes in Sub-Saharan Africa lack electricity connection. The Rockefeller Foundation, one of the most famous philanthropies, has partnered with the International Finance Corporation (IFC) to invest in renewable [...]
Uganda Unveils its First Regulatory Sandbox
Ugandan financial regulator is working to boost Fintech innovation in the country. On Tuesday, the Bank of Uganda (BoU) officially unveiled a regulatory sandbox to help Fintechs develop new products [...]Total Awards $1.9 Billion Uganda Oil Project Deal to British, Chinese Firms
Total has awarded a $1.9 billion contract to construct its Lake Albert oil production (Tilenga project) in Uganda to a consortium led by Chinese and British firms. The contracts are [...]
Absa, Equity Group, KCB Group Mpesa Among 25 Most Admired Financial Brands in Africa in 2021
Three Kenyan brands, Equity Group, KCB Group, and Mpesa, have been ranked among the top 25 most admired financial brands in Africa according to a survey done by Geopoll, Kantar, [...]The State of Crypto in Africa With LocalBitcoins CMO Jukka Blomberg
We recently had the opportunity to chat with Jukka Blomberg, the Chief Marketing Officer (CMO), LocalBitcoins, to discuss the state of crypto adoption in Africa. LocalBitcoins is the oldest and [...]
Rwandair Suspends Flights to Uganda
Rwanda’s flag carrier, RwandAir has suspended flights to and from Entebbe International Airport in Uganda, citing an increase in Covid-19 numbers in Uganda. According to the airline, the suspension took [...]Ethiopia Seeks Foreign Investors for a 40% Stake in Ethio-Telecom
The Ethiopian government is inviting international investors to express interest in its telecommunications company, Ethio-Telecom. According to a statement issued by the ministry of finance, Ethiopia is now ready to [...]Women Can Add $ 15 Billion to Africa E-Commerce by 2030-IFC Report
Africa could add nearly $15Billion to the value of its total e-commerce business by 2030 if women in the continent matched their sales on these digital platforms to that of [...]
Kenya Reopens its Airspace With Somalia
Kenya has resumed flights to and from Somalia by reopening its airspace following closure in May this year. According to Kenya's Ministry of Foreign Affairs, this is a goodwill gesture [...]Sub-Saharan Africa slips into Worst Recession in 60 years-World Bank
Output for economies in Sub-Sahara Africa collapsed by 2.4% in 2020 due to the COVID-19 pandemic.This was the region’s first economic contraction in a generation and the deepest recession since [...]AFRAA Assessment Reveals Africa's Airline Industry Lost $10.21 Billion in 2020
The African Airlines Association (AFRAA) has published its impact assessment analysis, revealing that the African airline industry recorded a passenger revenue loss of close to $10.21 billion for the year [...]Moyale One-Stop Border Post Starts Operations
The Kenya-Ethiopia One-Stop Border Post (OSBP) at Moyale has started operations, following its official launch in December 2020 by President Uhuru Kenyatta and Abiy Ahmed, the Ethiopian Prime Minister. The [...]
