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 [...]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 [...]
