UK – Africa Investment Conference Slated for 20th January 2021
The UK Department for International Trade has organised the Africa Investment Conference, which brings together the UK and African businesses to discuss relevant and emerging themes around doing business in [...]
Ethio Telecom Diversifies, Seeks to Venture into Mobile Money
Ethio Telecom, Ethiopia's National Telecom has announced plans to invest in the financial sector, seeking to boost the company's operation besides its traditional telecom service. According to the company's CEO, [...]Huawei Seeks to Enter Ethiopia as Telecom Sector Opens
Huawei Technologies has expressed interest to venture into Ethiopia as the country starts to open up its telecommunications sector. The company plans to cement its position as a vendor of [...]World Bank to Invest $5 Billion in 11 African Countries
The World Bank has announced plans to invest over $5 billion over the next five years, seeking to restore degraded landscapes, improve agriculture productivity, and promote livelihoods in 11 African [...]Nigeria’s Daystar Power Raises $38 Million for Solar Access Expansion
Nigeria's Daystar Power has raised$38 millionfrom Investment Fund for Developing Countries and Morgan Stanley to expand solar access across West Africa. Furthermore, the funding will allow it to ensure its [...]Angola Receives $488 Million from the IMF
The International Monetary Fund (IMF) executive board has approved the disbursement of $488 million to Angola, just four months after the Fund increased the loan size by almost a quarter [...]Arise B.V. Acquires 34.9% Stake in NMB Bank Tanzania
African investment company, Arise B.V. has acquireda 34.9% stake initially owned by Rabobank, in NMB Bank, which is listed on DSE (Dar es Salaam Stock Exchange) in Tanzania. The Capital [...]Angola Gets Debt Relief from Chinese Creditors
Chinese creditors have granted Angola a three-year debt relief, enabling the country to get more than$700 millionin its next tranche of IMF (International Monetary Fund) financing in the coming days, [...]Women Enterprises in Africa to Benefit from AfDB's $5 Billion Funding
AfDB (the Africa Development Bank) has announced plans to provide$5 billionover the next five years, a move that seeks to see women enterprises in the continent scale up their businesses. [...]2 Chinese Firms Win Contract for Phase 5 of Tanzania's SGR
China Civil Engineering Construction Corporation (CCECC) and China Railway Construction Company (CRCC) won the contract to build a 341-kilometre Standard Gauge railway (SGR) line connecting the Lake City of Mwanza [...]2021- The Rise of Africa Fintech?
The year that was 2020 brought profound challenges to every continent across the globe, and Africa was no exception. As well documented as the pandemic and politics are, we are [...]
Mauritius FTA with China Kicks off
The China-Mauritius FTA officially signed in 2019 took effect on Friday, January 1 2021. The trade agreement is expected to open up the 1.4 billion-consumer market to Mauritius. This is [...]
