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 [...]Shelter Afrique inks US$11 Million Credit Line deal with BancABC
Shelter Afrique, a Housing Development Financier, has signed a US$11 million housing deal with Harare-based African Banking Corporation (BancABC). BancABC is a subsidiary of ABC Holdings Limited (ABCH), a Botswana-incorporated [...]Tanzania Receives $140 Million Grant from AfDB
Tanzania has received a $140 million grant from the African Development Bank Group (AfDB), aimed at constructing the 50-megawatt Malagarasi hydropower plant and an evacuation transmission line and adding 4,250 [...]Remittances to Sub-Saharan Africa Fell to $42 Billion in 2020
Overseas remittances to Sub-Saharan Africa declined to $42 billion in 2020 from $48 billion in 2019, a 12.5% drop in the face of the covid19 pandemic. According to a report [...]IMF Approves $1 Billion Loan for Uganda
The International Monetary Fund (IMF) has approved a $1 billion three-year loan facility to Uganda under theExtended Credit Facility(ECF). However, this is still subject to approval by IMF management and [...]The Countries Driving Bitcoin Adoption in Africa
Bitcoin is a virtual currency created in 2009—and has evolved to become one of the most widely used cryptocurrencies over the years. In recent times, Africa has witnessed greater cryptocurrency [...]
