KQ to Surrender Equipment over KSh102 Million Debt
High Court Judge, Wilfrida Okwany, has ordered Kenya Airways (KQ) to surrender a batch of ICT equipment it leased from Rentworks East Africa, over a KSh102 million debt As Daily Nation reports, [...]
EU Signs KSh599 Million Grant With Trademark East Africa
The European Union yesterday signed a KSh 599Million (€ 5 Million) grant with Trademark East Africa (TMEA) for safe trade. The deal will help key borders open while preventing the [...]Zimbabwe's Annual Inflation Hit 786% in May
The annual inflation in Zimbabwe (year-on-year) hit 785.55% in May 2020, up from 765.57% in April 2020, occasioned by shortages of fuel, foreign currency and power. According to the National [...]CDC Partners With Rwanda Finance on Development of Kigali International Financial Center
UK's CDC Group has signed a partnership with Rwanda Finance, a move that seeks to support the development of KIFC (Kigali International Financial Center); a new international financial capital for [...]Egypt to Resume International Flights from 1st July
Egypt plans to reopen all its airports and resume international flights asfrom 1st July 2020. International flights have been suspended since 19th March 2020 when Egypt took the step to [...]Air Namibia Battles Possible Liquidation
Namibia's State carrier, Air Namibia, is facing possible liquidation after a streak of losses and government bailouts. In the past two decades, the Namibian Government has given the carrier about [...]IMF Grants Tanzania a $14.3M Debt Relief
The IMF approved a debt relief worth $14.3M over the next four months to free Tanzania's resources for emergency needs. The IMF will also grant Tanzania additional relief to cover [...]Multichoice Signs Streaming Deal With Netflix and Amazon
Multichoice has signed a deal with Netflix and Amazon to allow its users to access their services through DSTV decoders. The deal will not only help Multichoice retain its subscriptions [...]Nigerian Central Bank to Launch a Regulatory Sandbox
The Central Bank of Nigeria (CBN) is finalizing the frameworks to create a regulatory sandbox as part of its initiative to boost the adoption of financial services. Nigeria embarked on [...]Sub-Saharan Africa to Experience -1.6% GDP Growth in 2020 Deloitte
The Sub-Saharan region is projected to experience -1.6% economic growth in 2020 as its major economies face economic contraction. A Deloitte report reveals that all ten major economies in the region will [...]Absa Group Completes Separation From Barclays
Absa Group says it has completed a substantial portion of the separation program from Barclays plc which commenced in 2017. Barclays PLC in 2016 announced divesting from the African banking [...]
Ghanian Regulator to Reduce MTN's Dominance in Telecommunication
Ghana's communication regulator will implement policies to curb MTN's dominance in the country. Ministry of communication has directed the National Communication Authority (NCA) to implement regulations that will level competition. The regulations [...]
