AfDB Approves $13.7 Million Grant to Zimbabwe
The African Development Bank (AfDB) has given Zimbabwe a grant worth $13.7 million to help the country fight COVID-19. The grant will fund Zimbabwe's COVID-19 Response Project (CRP), focusing on [...]
Total Drops Plan to Buy Occidental Petroleum Assets in Ghana
French Oil and Gas multinational, Total, has dropped plans to buy Occidental Petroleum assets in Ghana. The deal was part of an $8.8 billion agreement reached between Total and Occidental [...]EgyptAir to Get $127 Million State Aid
Egypt's flag carrier, EgyptAir, is set to receive $127 million (KSh13.6 Bn) from the government to enable it to remain afloat during the COVID-19 pandemic that has seen airline revenues [...]Somalia Receives $137.5 Million World Bank Grant
On Saturday, World Bank's International Development Association (IDA) gave Somalia $137.5 million (KSh14.7 Bn) grant to help the country fight multiple crises. The funds are part of the Somalia Crisis [...]Rwanda Gets a Spot in Naivasha Dry Port
Rwandan authorities have secured a spot in the Naivasha Inland Depot for easy export and import via Mombasa port. The Naivasha port will reduce the freight duration as cargo will [...]
Novastar Ventures Secures $108 Million in Funding
Pan-African Venture Capital Manager, Novastar Ventures, has closed its second round of funding with a total of $108 million in commitments, bringing its total capital to $200 million. This makes [...]Airtel Africa Earnings Beat Analysts Predictions
Airtel Africa's revenue in the last financial year exceeded analysts' predictions and increased to $3.4 billion, an 11.2 per cent improvement from 2019 revenue. The company's customer base in the [...]
US Issues Health Alert for Tanzania
The United States Embassy in Tanzania has issued a health alert for American citizens working and living in Dar es Salaam. In a statement released on Wednesday, 13th May 2020, [...]
Econet Accused of Black Market Currency Dealings in Zimbabwe
The Reserve Bank of Zimbabwe has accused Econet Wireless, a dominant mobile phone operator in the country, of fueling illegal cash dealings on the streets. It has described EcoCash, mobile [...]
South Africa's MSMEs Have 5-Years to Repay COVID-19 Loans
South African Micro, Small, and Medium Enterprises (MSMEs) will have five years to repay loans taken for coronavirus mitigation under a new government scheme. In this case, companies will not [...]Loon Vodacom Partner to Improve Internet in Mozambique
Google's parent company, Alphabet, has partnered with the telecommunications company, Vodacom, to use the former's Loon balloon-powered internet solution to improve internet access in the rural areas of Mozambique. The [...]Vodacom Outperforms it Sub-Sahara Telco Peers
South African telecommunication company Vodacom has posted significantly better performance than its Sub Sahara Africa (SSA) peers during this coronavirus pandemic. In March, April, and May, Vodacom customers drastically increased [...]
