Burundi Plans to Launch National Carrier Burundi Airlines in 2021
The government of Burundi has revealed plans to launch a national carrier dubbed Burundi Airlines. The government launch comes 11 years after the failure of Air Burundi, the previous national [...]
Pension, Individual Life Insurance Key to Growing Africa's Insurance McKinsey
Pension and Individual life insurance businesses are vital to the growth of Africa's insurance business, whose penetration as a percentage of GDP is below the world average. McKinsey's report shows [...]MTN Rwanda to List on Rwanda Stock Exchange in 2021
MTN Rwanda has announced plans to list on the Rwandan Stock Exchange in 2021. The company will list by way of introduction, joining ten other firms listed on the exchange. [...]Uganda Airlines Takes Delivery of First Airbus A330neo
Uganda Airlines has received their first ever wide body aircraft, the Airbus A330neo. This is the first of an order of two A330neo crafts that the airline placed back in [...]Vodafone concludes talks on sale of US$ 2.4 Billion Egyptian stake
UK-based telco Vodafone has announced the ending of its talks with Saudi Telecom Company (STC) on the US$2.4 billion sale of its 55% shareholding in Vodafone Egypt. This is after [...]
Netflix Doubles Down on African Strategy, Appoints Strive Masiyiwa to Board
Netflix has appointed Zimbabwean billionaire and philanthropist Strive Masiyiwa to its board of directors. The appointment has come at a time when the company is looking to expand its African [...]
Ghana’s GDP Declines 1.1% in Q3 2020
Ghana’s GDP (Gross Domestic Product) shrank by1.1% year on year between July and September this year (Q3 2020), despite the government easing the COVID-19 restrictions. This compares to a 3.2% [...]KQ to Launch Nairobi-Somaliland Direct Flights
Kenya Airways (KQ) has announced plans to launch direct flights from Nairobi’s Jomo Kenyatta International Airport (JKIA) to Hargeisa, Somaliland,by the end of March 2021. In a statement, the two [...]COMESA Economic Growth Slumps to 0.6%
The Socio-economic impacts of the Covid-19 pandemic:Evidence from Comesa region report shows that COMESA (Common Market for Eastern and Southern Africa) has experienced shrinkage in economic growth, with only six [...]Africa to record first recession in 25 years, says report
Africa is set to record its first recession in a quarter of a century as the COVID-19 pandemic threatens trade and growth gains. A depressed global economy, forecast to contract [...]East Africa's FDI Rise to Hit $11.5 Billion
Foreign Direct Investments (FDIs) into East Africa surged in 2019 to hit $11.5 billion, up from $5.7 billion in 2018. This was mainly due to China's increased interest in East [...]AECF Grants $8.5Million to Clean Energy Businesses in Somalia
The Africa Enterprise Challenge Fund (AECF) has unveiled an$ 8.5 million grant facility, seeking to support clean energy businesses (adoption and diversification of renewable energy) in Somalia. This is a [...]
