Goodwell Investments Unveils $60 Million Fund for African SMEs
Impact investment firm Goodwell Investments has unveiled a new $60 million fund, seeking to provide capital from family offices, private investors, and foundations to fast-growing, scalable African small and medium-sized [...]
KCB Group seeks Approval to Acquire BancABC Tanzania Limited
KCB Group PLC has given a merger notification to Tanzania's Fair Competition Commission (FCC) concerning its intention to acquire entire shares in BancAfrican Banking Corporation Tanzania Limited. Already, KCB has [...]
Kenya Tanzania Lift Barriers on Cross Border Trade, Ink Gas Pipeline Deal
Kenya and Tanzania have agreed to lift barriers on cross border trade, which has hindered the smooth flow of people and trade between the countries. Therefore, a joint team of [...]MTN Rwanda appoints Ms Kagame CEO of Mobile Money Rwanda FinTech Subsidiary
MTN Rwandacell Plc has appointed Chantal Kagame as the first CEO of its freshly minted FinTech Subsidiary Mobile Money Rwanda Limited. This follows approvals from the National Bank of Rwanda. [...]SAA Exits Business Rescue after 17 Months
South Africa's flag carrier, South African Airways (SAA), has exited a local form of bankruptcy protection called business rescue after roughly17 months. The airline is now considered solvent, with administrators [...]Hellena Mzena appointed Jubilee Life Insurance (Tanzania) CEO
The Board of Jubilee Life Insurance Corporation of Tanzania Limited has announced the appointment of Ms Helena Christopher Mzena as the firm's Chief Executive Officer. Ms Mzena has been the [...]IM Finalizes Purchase of Uganda's Orient Bank
IM holdings has completed the purchase of 90% ownership in Orient Bank, a Uganda based commercial bank. In a public statement dated 30th April 2021, the regional lender said, IM [...]
Tanzania to Seal $30 Billion LNG Project in 6 Months
Tanzania is looking to seal a $30 billion liquefied natural gas (LNG) project within six months, after President Samia Suluhu called for a resumption of negotiations that had stalled for [...]StanChart Bank Plc to cut down its Global Branch Network, Staff
Stanchart Plc, based in the UK, has announced plans to downsize its global staff numbers to around 400 to cut long-term costs. This is after the British bank reported a [...]World Bank Approves $380 Million for Malawi Mozambique
Through the International Development Association (IDA), the World Bank has approved $380 million in financing to support Malawi and Mozambique increase regional trade coordination, reduce trade costs and time, develop [...]Airtel Africa appoints Segun Ogunsanya as first African CEO
Airtel Africa has appointed Olusegun “Segun” Ogunsanya, who is currently the MD and CEO of Airtel Nigeria, to succeed Raghunath “Raghu” Mandava as Chief Executive Officer of Airtel Africa. Airtel [...]Kenya Ranked 21st out of 47 Countries with Cheapest Mobile Data in Sub Saharan Africa
Kenya is position 21 out of 47 countries in Sub-Saharan Africa with the cheapest mobile data cost in 2021, according to research by Cable.co.uk. The country ranks behind Sudan, Somalia, [...]
