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 [...]
Top 10 Funding Deals in Africa in 2020
Fintech dominated the top funding deals in the continent, both in the number and magnitude. Briter Intelligence data shows that the sector's funding rounds amounted to approximately $1.33 billion with [...]Trading Under the AfCFTA Takes Effect
Trading under the African Continental Free Trade Agreement (AfCFTA) begins today, unlocking opportunities for liberalized trade for the continent's private and public sectors. The trading, scheduled to start in July 2019 delayed [...]Equity Group get nod to merge its subsidiary with BCDC Bank, Congo
Equity Group has received regulatory approval to merge its subsidiary Equity Bank Congo (EBC) and Banque Commercial Du Congo (BCDC).The new bank will be known as Equity Banque Commercial du [...]
‘’Markets Recovery Don’t Imply Economic Recovery,’’ Leila Fourie, CEO Johannesburg Stock Exchange
The coronavirus pandemic came in at one of the most challenging moments for a CEO who was just taking up office, Dr Leila Fourie was just months into office when [...]
Central Bank of Egypt Extends Waiver on Bank Transaction Fees to June 2021
The Central Bank of Egypt has extended the suspension of withdrawal fees from ATMs and waivers on fees and commissions for banking transactions in the Egyptian pound. The measures in [...]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 [...]
