Airtel, Starlink Strike Deal to Expand Satellite Internet Access
Airtel Africa has announced that it has inked a deal with SpaceX to bring Starlink’s satellite-based internet services in the 14 markets it operates in on the continent. “Next-generation satellite [...]
Anthrax, MPox Outbreaks Compound Eastern DRC Crisis
Outbreaks of anthrax and Mpox have compounded the ongoing security crisis in eastern Democratic Republic of the Congo (DRC), as worsening humanitarian needs and limited access have exposed critical gaps. [...]
Ethiopia to Allow Foreigners to Own Real Estate
Ethiopia's Council of Ministers has ratified a draft law that will define how foreigners can own real estate, as the country reforms its laws to encourage foreign investment. Ethiopia has [...]
World Bank Appoints Ndiamé Diop as VP for Eastern and Southern Africa
The World Bank has appointed Dr. Ndiamé Diop as the regional Vice President for Eastern and Southern Africa, succeeding Victoria Kwakwa, who retired at the end of March. With over [...]WWF Launches Inaugural Sustainable Banking Assessment for Africa (SUSBA) Report 2024
Banks in South Africa and Kenya lead Africa in the adoption and reporting of sustainable finance through Environmental, Social and Governance (ESG) integration, reveals WWF’s inaugural Sustainable Banking Assessment (SUSBA) [...]
Bill Gates, UAE Foundations Target Kenya and 9 Countries with US$ 500mn Maternal and Newborn Health Fund
Kenya is among the 10 African counties targeted in a new commitment of nearly $600 million for maternal and newborn survival by several global philanthropic foundations. “The continent is making remarkable [...]Afreximbank Launches US$3 Billion Revolving Fund to Boost Intra-African Oil Imports
The African Export-Import Bank (Afreximbank) has launched a US$3 Billion Revolving Intra-African Oil Trade Financing Programme to finance the purchase of refined petroleum products by African and Caribbean oil buyers. [...]Comesa Issues Alert After Mercedes-Benz SA Recalls Luxury GLE (167) Model
The Comesa Competition Commission is cautioning buyers over Mercedes-Benz Model GLE (167) vehicle, which has been recalled by Mercedes-Benz South Africa. The NCC media statement further indicated that the vehicles may have [...]Ethio Telecom Raises Just 10% of Target in Historic IPO
Ethio Telecom's historic IPO has opened up the country's telecom sector to private ownership but falls short of fundraising targets. Why the Modest Uptake? While the IPO's immediate financial outcome [...]
Uganda Declares End to Second Ebola Outbreak in Three Years
Uganda has declared the end of an Ebola outbreak in the capital Kampala, less than three months after the virus was confirmed. “This outbreak challenged us in new ways. It [...]Regulatory Bottlenecks are Slowing Private Equity and Venture Capital in Africa
Africa is a continent of boundless potential tethered by systemic constraints. Its youthful demographic, surging digital economies, and vast untapped sectors like healthcare and agriculture beckon private equity (PE) and [...]Sanctioned Kenyan Businessman Kamlesh Pattni Inks Gold Refinery Pact with Niger's Government
Niger’s military‐led government has signed a joint‐venture deal with Dubai’s Suvarna Royal Gold Trading LLC, a firm controlled by controversial Kenyan businessman Kamlesh Pattni to build the West African nation’s [...]
