Africa's Internet Economy to Hit KSh19.6 Trillion by 2025
Africa's Internet economy has the great potential to reach KSh 19.6 Trillion ($180 billion) by 2025 according to a report by Google and IFC. Currently, the digital economy contributes nearly [...]
Jumia Cuts Operating Losses by 49% to $33 Million as Pandemic Disruptions Slow
Jumia Technologies AG, a Nigerian-based online shopping platform with a presence in several countries in Africa, including Kenya, has posted a 49% reduction in operating losses to $ 33 Million. [...]
MultiChoice and Zoomoo Partner to Expand Children Content in Africa
Interactive children broadcaster Zoomoo has expanded to Africa via MultiChoice's entertainment platform DStv. The international pay-TV channel will give access to over 450 hours of children content focusing on education, [...]
Nigerian Fintech, Kuda, Raises $10 Million Seed Funding
Nigerian fintech startup, Kuda, has raised $10 million in a seed funding round, even as it seeks to expand further across Africa. Investors who took part in the funding include Target [...]The Scam History of South Africa and the Stronger Investors
South Africa is a country with a very strong economy with more than 2.5 million tourists every year. One of the main attractions of South Africa is its gold mining [...]Sub Saharan Africa has a Government Revenue Collection Problem Citi
Citi analysts in their Africa Economics and Strategy Weekly say that Sub Saharan Africa (SSA) faces an uphill task in fiscal consolidation post 2020. While COVID19 pandemic and the economic [...]
Air Botswana Resumes Regional Flights from 10th November 2020
Botswana's national airline, Air Botswana, has announced plans to resume regional flights effectiveTuesday, 10th November 2020. This follows Botswana's President Mokgweetsi Masisi's plans to gradually open up the country's entry [...]EAC Member States Get 5 Years to Join Kenya-UK Trade Deal
East African Community (EAC) member states have up to five years to join the UK-Kenya trade agreement due to be signed ahead of the Brexit transitional deadline. The new document [...]SABC Partners with Telkom SA to Launch Streaming Service
South Africa Broadcasting Corporation (SABC) has collaborated with Telkom SA to launch an online streaming service in a five-year deal. The new venture dubbed TelkomONE will air the public broadcaster’s [...]Establishing A Forex Business In Africa
The Forex market has become the most preferred and accessible trading area in the world. Especially during the pandemic, many brokers all around the world have drawn a great picture, [...]Nigeria’s Fund Manager CFS Asset Management Granted License to Operate in Kenya
The Capital Markets Authority (CMA) has issued a license to Lagos-based CFS Asset Management Limited, to operate as a fund manager in Kenya, pushing up competition in Kenya's crowded and [...]Ethiopian Airlines Takes Double Delivery of Airbus A350 Planes
Ethiopian Airlines has confirmed the delivery of two Airbus A350 planes. The 2 aircrafts are the first delivery of an order of 10 A350-900 aircrafts that the airline placed in [...]
