Tanzania's economy grew the fastest in Africa in 2020, says Citi
Tanzania is likely to emerge in the coming months as the fastest growing economy in Africa in 2020. This projection is based on data collected by Citi Researchers for Q3, [...]
Somalia Issues 1st Mobile Money License to Hormuud Telecom
The Central Bank of Somalia has issued the first Mobile Money license to the country's largest telecommunications provider, Hormuud Telecom. The move seeks to formalize the country's digital payments system [...]
President Uhuru Kenyatta Appointed EAC Chair
The EAC (East African Community) has appointed President Uhuru Kenyatta as chair while Burundi’s Evariste Ndayishimiye chosen as the community’s rapporteur. President Uhuru Kenyatta, in turn, appointed Kenya’sPeter Mutuku Mathukias [...]Jumia Reports 2020 Earnings
Jumia Technologies AG posted a 12% increase in gross profit of US$ 33.8 Million(€27.9 Million) for the period ended December 31st, 2020. The e-commerce company published both Q4, 2020 financials, [...]Liquid Telecom Raises $840 Million in Bond
Africa’s largest fibre network provider, Liquid Telecom, has raised$840 millionin a bond and loans, as it seeks to refinance debt and further expand into Africa. The financing includes a $620 [...]Rwandair Becomes 1st African Airline to Try IATA's Digital Health Passport
Rwanda's national carrier, RwandAir, will become the first African airline to try IATA's digital health passport, aiming to enable safe and seamless international travel. The airline's three-week trial will begin [...]Tripartite Free Trade Area Sets New Deadline for Ratification
The Tripartite Free Trade Area (TFTA), a tripartite group of regional economic communities in eastern and southern Africa, have set June 2021 as the new deadline to achieve the threshold [...]South Africa's TymeBank Raises $109 Million in Funding
South Africa's digital bank,TymeBank, has raised $109 million in funding, seeking to bolster its growth and drive its commercial expansion across the country. Investors who took part in the funding [...]Sudan Devalues Currency to Meet Conditions For Debt Relief
Sudan's Central bankdevalued its currency on Sunday, announcing a new regime to unify official and black-market exchange rates in an attempt to fix its crippling economy and access debt relief. [...]
EU to Give $1.2 Billion to Ivory Coast's Cocoa Sector
The European Union (EU) is planning to provide around one billion euros ($1.2 billion) over six years towards Ivory Coast's cocoa sector, as the latter adapts to European Union supply [...]Rolls Royce Announces TotalCare Agreement with Uganda Airlines
Rolls Royce has signed aTotalCare agreementwith Uganda Airlines for their two Airbus A330neo planes that are powered by the former's Trent 7000 engines. Uganda Airlines first received its first A330neo [...]African Digital Signage Market: Where it is Now and What to Expect in the Next 5 Years
Digital signage, also known as digital signs or digital boards, is digital video content or digital images displayed on a screen. The technology allows room for flexibility and has a [...]
