Google Rolls Out $6 Million Programme to Support African Startups
Google has rolled out three programmes worth $6 million, seeking to support women and young entrepreneurs and innovators in at least thirteen African countries. In the first programme, the firm [...]
South African Firm Seeks to Acquire 84.2 Million Shares in Liberty Kenya
Liberty Holdings, a leading South African financial services company and a major shareholder in Liberty Kenya Holdings seeks to purchase an additional 84.2 million shares in Liberty Kenya Holdings through [...]
World Bank Approves $292 Million for Zanzibar's Infrastructure Projects
The World Bank has approved a $292 million fund for infrastructure projects in Zanzibar, in the wake of Tanzania’s decision to opt for donor funding for mega projects. This will [...]Mozambique to Sell Majority Stake in $2.4 Billion Mphanda Nkuwa Hydropower Dam
Mozambique has announced plans to sell a majority stake in the planned $2.4 billion Mphanda Nkuwa hydropower, which is set to be one of the biggest in southern Africa. The [...]Egypt’s Trella Raises $42 Million in Series A Funding
Egypt's Trella has raised $42 million in a Series A funding round comprised of equity and debt. The round includes $12 million as debt financing and $30 million in equity [...]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 [...]
