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 [...]Kenya-Djibouti Sea Cable Installation Starts
Installation of a sea cable that will link Kenya and Djibouti has started, even as the projected deadline of June 2020 nears. The cable system, dubbed Djibouti Africa Regional Express [...]How important Global Value Chains are to development in Africa
The Africa Media Hub Strathmore University Business School (SBS) held its first monthly Breakfast meeting on 22nd January 2020 with Pinelopi Koujianou Goldberg Chief Economist, World Bank Group as the Guest Speaker. She [...]Flutterwave Raises $35M, Becomes Worldpay's First African Partner
Nigerian fintech App Flutterwave has raised $35Million looking to expand beyond finance. The payment solution also announced a partnership with Worldpay FIS for payments in Africa, becoming the first African [...]African Tech Startups to Get KSh 6.6 Billion from Janngo
Africa's first social startup, Janngo, has announced plans to give funding worth $66 million (KSh 6.6 billion) to African Tech Startups. The fund, dubbed Janngo Capital Startup Fund, is geared [...]South African Airways Cancels Flights
South African Airways (SAA) has cancelled a number of their domestic and international flights, as the carrier struggles to remain in business. In a statement the debt-laden national carrier said [...]Ghana Charges Top Banking Executives For Banking Crimes
Ghana is charging former executives of two insolvent banks for alleged crimes that contributed to the country's banking crisis. Former Beige Bank Ltd CEO Michael Nyinaku and UT Bank Founder [...]LAPSSET Back on Track as Leaders Sign MoU
The Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor project is back on track after leaders from Kenya, South Sudan and Ethiopia signed a Memorandum of Understanding (MoU) that will see the three [...]SAA to Sell Nine Airbus Aircrafts
South African Airways (SAA) is set to sell nine of its Airbus aircraft, of the designs Airbus A340-300s and A340-600s alongside 15 spare engines. According to the airline's acting CEO, [...]UK Offers £15 Million for Africa's Infrastructure
Africa's infrastructure is set to receive a giant boost after the United Kingdom (UK) pledged £15 million (~KSh2 billion) in support of development of the sector. The move seeks to [...]Nigeria's Access Bank Completes Acquisition of Transnational Bank
Nigerian lender, Access Bank has completed 100 per cent acquisition of Kenyan Tier3 lender, Transnational Bank effective February 1, 2020. Central Bank of Kenya (CBK) reports that the deal fell [...]
