Nigeria to Regulate Digital Assets Investment
Nigeria's Securities and Exchange Commission (SEC) will now regulate crypto-coin and crypto-token investments among other digital assets when the character of the investment qualifies as securities transactions. This is part [...]
Uganda Inches Closer to Building a Crude Oil Pipeline
Uganda and French oil conglomerate Total have inked a deal that will open the way for construction of an oil pipeline to neighbouring Tanzania, Total's local subsidiary has disclosed. While [...]
Liquid Telecom Launches Cybersecurity Unit
Liquid Telecom has launched a new Cybersecurity unit which offers digital security solutions to businesses. The unit provides end to end managed services for business customers, focusing on securing access [...]South Africa's Economy Suffers Worst Downturn Since World War II
South Africa’s restrictions to curb the spread of the coronavirus pushed the economy into its worst and most prolonged recession. The Country's GDP shrank an annualized 51% in the period [...]Ethiopian Airlines' New Terminal Expands Bole Airport's Capacity to 22 Million Annual Passengers
Ethiopian Airlines unveiled a new terminal at Bole International Airport, pushing the airport's capacity to 22 million passengers annually. The new terminal makes it the largest gateway to Africa. The [...]World Bank Names Keith Hansen as New Country Director for Kenya, Uganda, Somalia, Rwanda
The World Bank has appointed Keith Hansen as the new country director for Kenya, Uganda, Somalia, and Uganda effective September 8, 2020. The senior advisor will take over from Carlos [...]Weekly Deals Digest: Aug 26th Sep. 1st 2020
In the fourth Issue of the Weekly Deals Digest, we focus on Africa and the emerging markets. This week, startup funding in the continent was distributed evenly across foodtech, healthtech [...]Eskom Power Disruptions to Constrain South Africa's Recovery
South Africa’s post coronavirus recovery may be in jeopardy following persistent power blackout from the nation electricity generator Eskom. South Africa slid into a recession following prolonged lockdowns but businesses [...]
Nigeria Invests $ 29.3 Million in Shelter Afrique
Nigeria has committed US$29.3 Million to Shelter Afrique, lifting it to be the second-largest shareholder in the institution, with 14.77% of the shareholding, behind Kenya's 14.87% stake and ahead of [...]JSE to Acquire Link Market Services SA
The Johannesburg Stock Exchange (JSE) has received approval from South Africa's Competition Tribunal to purchase a majority stake in Link Market Services Limited SA. However, the tribunal's approval is subject [...]Ethiopian Airlines in Talks to Support South African Airways Out of 5 Months of Dormancy
Ethiopian Airlines is in talks to help South African Airways to return to the skies after five months of dormancy. Part of the negotiations includes taking a stake in the [...]Investors Oversubscribe to Mdundo.com's Denmark IPO by 111%
Private and professional investors oversubscribed to Mdundo.com's listing onNasdaq First North Growth Market Denmarkby 111%. The music download and streaming service received subscription orders worth DKK 84.3 million ($13.4M) against [...]
