Ethiopia Suspends Privatization of Ethiopian Airlines
Ethiopian authorities have announced suspending planned partial privatization of national carrier Ethiopian Airlines. Ethiopia Finance Minister Ahmed Shide praised the airline as a top forex exchange earner thus a treasured [...]
Kenya's financial market drops to 7th position in Absa 2020 Index
Kenya’s financial market attractiveness in Africa fell in rankings to 7th position in 2020 compared to 3rd position the prior year. This is according to data gleaned from the Absa Africa [...]
Multichoice Contributes $17.5 Million in Direct Taxes in FY2019
As at the end of FY 19, MultiChoice Kenya had contributed $573.8 million in direct and indirect investment to the Kenyan GDP for the period 1 April 2015 31 [...]
South Sudanese Pound to be replaced after less than a decade use
South Sudan plans to have a new currency by replacing the South Sudanese Pound(SSP) which the country adopted nine years upon gaining independence from northern Sudan. The Juba administration reckons [...]World Bank Debars Kenyan IT Firm Techno Brain its Parent Firm Over Fraud
The World Bank Group has today announced the twenty-eight month debarment of Kenya-based Techno Brain (Kenya) Limited (“Techno Brain Kenya”), an IT-services company, and the ten-month debarment of its parent company, United [...]World Bank Says Digital Economy is Crucial to Africa's Economic Recovery
The World Bank has said that despite devastation brought about by the global COVID-19 pandemic, many Africa countries have been spared due to their shift to the digital economy. The [...]KCB, Equity, Coop, NCBA, DTB on List of Africa's Top Lenders
Kenya Commercial Bank(KCB), with a capital base of US$ 1,201 Million and a Balance sheet size worth US$ 8,866 Million at the end of 2019, has been listed at number [...]MasterCard to Leverage on Innovation to Power Digital Economy
The Kenyan Wallstreet team has a chat with Gaurang Shah, Senior Vice President MasterCard Middle East and Africa for Digital Payments and Labs. The conversation zeroed on MasterCard products that [...]Weekly Deals Digest: Sept 30 Oct 6
This week's deals digest welcomes Zambia into the issue with a $2.1 million investment in Good Nature Agro. In emerging markets, India's retail giant Reliance Retail raked a whopping $2.6 [...]Kenya wades into US$ 4.8 Billion Ethiopian Nile Dam row
Kenya has walked into the ongoing conflict between Ethiopia and its neighbours Egypt and Sudan over rights to use the water in the Blue Nile- Africa's longest river. After Addis [...]Ethio Telecom Receives Greenlight to Launch Mobile Money Services
Ethio telecom is set to launch mobile money services following authorisation from the National Bank of Ethiopia (NBE). Ethio Telecom and NBE have been in negotiations for the past year [...]Sub-Saharan Africa GDP Growth to Rebound in 2021-World Bank
The World Bank says countries in Sub-Saharan Africa will experience economic growth next year as they begin to lift movement restrictions. This is even as many suffer the adverse effects [...]
