Africell Bags Angolan Telco Licence
Africa-focused mobile network operator, Africell, has secured a mobile telecommunications operator’s licence in Angola, joining three other operators Movicel, Unitel and Angola Telecom already serving the country. Africell [...]
Low Adoption, Uneven Access Biggest Challenges in Scaling Digital Agriculture McKinsey
Low adoption, uneven access and digital literacy are key challenges to scale digital solutions in agriculture across Sub-Saharan Africa. Despite the region having over 400 digital agriculture solutions in financial [...]How Finance is Taking over the African Job Market
Africa has long been praised for its distinct fintech and financial advances. Nigeria, South Africa, and Uganda, among other nations, are implementing a variety of financial innovations that benefit people. [...]Ethiopia Pushes Deadline for New Entrant Bids for Mobile Money Licences to 5th April 2021
The Ethiopian Communications Authority (ECA) has extended the deadline for suitors to submit pitches to enter the mobile money market and compete with incumbent Ethio Telecom, to 5th April 2021. [...]Ford to Invest $1 Billion in Upgrading Operations in South Africa
Ford Motors has announced plans to invest$1.05 billionin its South African manufacturing operations. This includes upgrades to expand production of its Ranger pickup truck. The investment includes $683 million for [...]Development Partners Pledge $234 Million for Zimbabwe’s COVID-19 Fight
Development partners have pledged$234 milliontowards Zimbabwe’s fight against the COVID-19 pandemic. As of 28th January 2021, disbursements by development partners stand at $119 million. Finance Minister Mtuli Ncube says the [...]Tanzania's Gold Exports Fetch $2.95 Billion in 2020
Tanzania’s earnings from gold exports rose 34% in 2020, fetching$2.95 billion. This compares to $2,21 billion that was recorded in 2019. In its latest monthly economic review, the Bank of [...]Airtel Africa Plans to Sell Minority Stake in Airtel Money
Airtel Africa PLC is looking to sell a minority stake in its mobile money division and its tower site across different countries in its latest strategic asset monetisation bid. The [...]Mauritius and Morocco Join the African Bond Index
Mauritius and Morocco have joined eight African countries that are part of theBloomberg African Bond Index(ABABI) to provide investors with a tool to measure and track Africa's local bond markets' [...]Israel Suspends Passenger Flights WEF 25th January
Israel has announced a one-week-long ban on most incoming and outgoing passenger with effect from Monday, 25th January 2021. The move seeks to slow the spread of new variants of [...]South Sudan Halts Visa on Arrival for Kenyans
South Sudan has announced the suspension of visa on arrival for Kenyans, citing the need toraise revenues and curb misappropriation, ensuring accountability of fees collected from applicants. According to the [...]Nigeria’s uLesson Raises $7.5 Million in Series A Funding
Nigeria’s ed-tech startup, Ulesson, an online learning platform, has raised $7.5 million in its Series A funding round. The startup combines streaming and SD cards to minimize data streaming cost [...]
