Ethiopian Communications Authority Denies Shortlisting Telcos for Mobile Licences
The Ethiopian Communications Authority has denied claims that it has shortlisted any telecommunication company for the two highly coveted mobile operator licenses. The Communications Authority in a tweet said, We [...]
Japanese VC Uncovered Fund Launches $15M to Invest in Budding Startups in Africa
Venture Capital firm Uncovered Fund has launched a $15 million to back early-stage startups in Africa. The fund, expected to close by June this year, targets to invest between $50,000 [...]
A New Deal for Africa EU initiative
In one year, the global COVID pandemic has put an end to a quarter-century of steady economic progress in Africa, disrupted value chains, and exacerbated inequality and poverty to unprecedented [...]Equity Group Sets up Regional Office for Southern and Central Africa.
Equity Group Holdings Plc on Mondayannouncedthe appointment of Mr Yves Cuypers as the first Regional Director in charge of the Central and Southern Africa Region. Mr Yves Cuypers is the [...]
WTO Appoints Nigeria's Ngozi Okonjo-Iweala as Director-General
The World Trade Organization (WTO) has appointed Nigeria's Dr Ngozi Okonjo-Iweala as itsseventh Director-General. She becomes the first woman to lead the Switzerland-based institution and the first African citizen to [...]AfDB Loans $2 Billion to Women SMEs through AFAWA
The AfDB (African Development Bank) has launched a credit facility of up to$2 billion, seeking to fund women-owned small and medium enterprises (SMEs) in Africa. The AfDB will work with [...]KenGen Secures Kes 709 Million Geothermal Contract In Djibouti
Kenya Electricity Generating Company (KenGen) Plc signed a Kes 709 million contract to drill three geothermal wells in Djibouti. On Thursday, the company signed a Kes709,822, 630 contract with the [...]Air Namibia Ceases Operations; Enters Voluntary Liquidation WEF 11th Feb
Namibia's national carrier, Air Namibia has ceased operations and entered into voluntary liquidation, with effect from Thursday, 11th February 2021. The Namibian Cabinet has since approved the move. Following the [...]Rwanda Raises 2021/22 Budget to $3.4 Billion
Rwanda has announced plans to increase its 2021/2022 budget by$220.8 millionfrom its initial $3.2 billion, hitting $3.4 billion. This comes even as the government battles disruptions from the global COVID-19 [...]RwandAir Suspends Flights to 3 South African Countries
Rwanda's national carrier, RwandAir has temporarily suspended flights to Zimbabwe, South Africa and Zambia, citing the new COVID-19 variants reported in the countries. The suspension took effect on 8th February [...]Central Bank of Nigeria Bans Banks from Servicing Crypto Exchanges
The Central Bank of Nigeria (CBN) has banned all commercial banks and financial institutions from providing account services to crypto exchanges in the country. According to a notice from the [...]Phatisa Food Fund 2 Raises $143 Million from DFI Commitments
Phatisa Food Fund 2 has reached a$143 million final closefrom a group of leading development finance institutions (DFIs) and impact investors. The move seeks to boost the supply of quality [...]
