Airtel to Double 4G Network Sites in Tanzania
Airtel has announced plans to double its 4G network sites in Tanzania. The telco received an operational licence for the 4G network from Tanzanian authorities for which it will pay [...]
Interswitch Issues Ksh6.3 Billion Corporate Bond
Interswitch listed Ksh6.375 billion bond on the Nigerian Securities Exchange on 31 January 2020. In a statement, the Nigerian Securities Exchange says that the Callable Senior Unsecured Bond has a [...]
Nigeria Among Countries Caught in US Visa Ban
Nigeria is among countries caught in the latest US visa ban suspending the issuance of visas that can lead to permanent residency. The new rules take effect on 21 February [...]Google Unveils First African Developers Space
Google has unveiled the first African Developer Space in Lagos, Nigeria, open for free to startups, developers, and entrepreneurs. Besides, the space houses the Google Launchpad Accelerator Africa. Google intends [...]EAC Draws Closer to Single Currency
The East African Community (EAC) member states are drawing closer to attaining a common currency for the region, with the goal of achieving the target by 2024. According to the [...]Vodafone to Sell 55% Stake in Egypt Unit to Saudi Telecom
Vodafone Group PLC has signed a Memorandum of Understanding (MoU) with Saudi Telecom, a move that will see former sell its 55% stake (amounting to $2.39 billion) to the latter. [...]UN Releases $10 Million for East Africa's Locust Outbreak
The United Nations has released $10 million for aerial pesticides to help fight the ongoing locust outbreak in East Africa. According to a UN spokesperson, the funds will go to [...]Ethiopia Lays Out Corporates' Privatization Plan
Ethiopia corporates privatization plans are on high gear as government releases the privatization timelines of state corporations. Bloomberg reports that Ethiopia will first sell six of the sugar monopoly's holdings [...]LSE Celebrates UK-Africa Investment Summit
London Stock Exchange Group (LSE Group) has recorded remarkable feats at the recently concluded UK-Africa Investment summit held in London. They include the listing of two unique bonds, as well [...]Uganda's Oil Refinery Inches Closer to Development
Uganda's oil refinery is inching closer to development, after potential investors said they were nearing a final decision on the same. According to a budget policy document, work on the [...]Rwanda's Economy to Grow by 8% IMF
The International Monetary Fund expects trade and private investment to boost Rwanda's GDP by 8%. This year's estimate is slightly lower than last year's, given factors like unpredictable weather, which [...]Rwanda to Remove Visa Fees for a Number of Countries
Rwanda has announced plans to scrap visa fees for Africans, citizens of Commonwealth nations and those from the Francophone countries, entering the country. The move seeks to ease access to [...]
