Google Gives KSh100 Million for Africa's Internet Safety
Google has committed a grant of KSh100 million towards the promotion of safe internet use in Africa. Google, through its Be Internet Awesome program that is operational in Kenya, Nigeria [...]
Somalia Eligible for Assistance From IMF World Bank
The IMF and World Bank consider Somalia eligible for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The announcement came after executive boards of the International Monetary [...]
Standard Chartered Arranges $ 1.46 Billion Financing to Fund Tanzania's SGR Project
The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a $ 1.46 billion term loan financing to fund the construction of the [...]SAA Hints at Sale of Heathrow Slots
There is a possibility that South African Airways (SAA) will sell its landing slots at London's Heathrow Airport, a move that seeks to help it attain financial stability, as it [...]Green Africa Airways to Receive 100 Airbus Planes
Plane manufacturer Airbus is almost closing a deal that will see it deliver 100 Airbus A220s to Nigeria's startup airline, Green Africa Airways, as it plans to start commercial operations. [...]UAE Commits $500 Million to Africa’s Digital Economy
The United Arab Emirates (UAE) has committed $500 million to Africa's digital economy under its new project dubbed Consortium for Africa. According to the country's Minister of State for International [...]Africa to Benefit From Improved Consumer Spending
Africa holds great promise for consumer goods companies. Observers say that consumer spending will rise sharply in the next five years. Brookings predicts that household consumption will reach $2.5 trillion [...]
Uganda Seeks $118 Million From China for Roads
Uganda is set to borrow $118 million (KSh 11.8 billion) from China’s Industrial and Commercial Bank to help in the construction of three roads. The roads are key to the [...]Car Sales Push Toyota’s Profit Up by 90%
The profits of Toyota in Africa have hit a record 89.8% increase, translating to about KSh10.3 billion, for the period ended in December 2019, up from KSh5.4 billion in 2018. [...]South Africa's Wamkele Mene Elected AfCFTA Secretary-General
The African Continental Free Trade Area (AfCFTA), during the 2020 African Union Summit in Addis Ababa, Ethiopia, elected Mr Wamkele Mene as its Secretary-General. Prior to this election, he served [...]Nigeria's Aella Raises KSh1B to Lend to Underbanked
Nigeria's fintech Aella has received Ksh1 billion ($10M) debt financing from HQ Financial Group to lend to the underbanked. The start-up has so far netted 300,000 borrowers by building trustworthy [...]Why Egypt is Africa’s Top Investment Hub
The sheer size of its market, accompanied by a relatively sophisticated business sector relative to its neighbours makes Egypt the most attractive investment destination in Africa. This is according to [...]
