East Africa on the move to a single stock exchange by Q1, 2021
East Africa's plan to integrate the stock exchanges of Kenya, Uganda, Tanzania, Rwanda, and Burundi, is expected to happen in the first quarter of 2021. This disclosure was made by [...]
Nigeria's October Inflation Rate Hits 14.23% due to High Cost of Food
Nigeria's inflation rate in October rose as a result of increased food prices occasioned by border closures, dollar restrictions, and banditry attacks that are preventing farmers from producing food. Consumer [...]
Weekly Deals Digest Nov 4th Nov 10th
In this week's deals digest, Fintech led investments in Africa with Kuda's $10 million investment. In emerging markets, Reliance Retail led the region following a $1.3 billion into the retailer [...]Zambia $3 Billion Eurobond Holders Reject Payment Deferral Request
Zambia's $3 billion Eurobond holders have rejected a request from the government to defer interest payments, risking it to become Africa's first COVID-era sovereign default. The government of Zambia had [...]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 [...]
