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 [...]
SAA Yet to Receive Funding from Government
South African Airways (SAA) is yet to receive funding from the Government, money that was supposed to keep it afloat and prevent its liquidation. In December last year, the government [...]Ethiopian Airlines $5 Billion Airport Building to Start
Ethiopian Airlines has announced plans to begin construction of its new $5 billion airport this year, a move that seeks to increase its annual passenger capacity from the 19 million [...]South Sudan Announces Tender for Oilfields Audit
South Sudan has announced tenders for the environmental audit of its oilfields, in accordance with the Petroleum Act of 2012 that oversees the oil sector in the country. This comes [...]Nigeria Drops $2 Billion Tax Demand From MTN
The Nigerian Government has withdrawn a $2 billion tax demand against South Africa's MTN Group, saying it has referred the case to the tax and customs authorities. The firm was [...]South Africa Rolls out Kiswahili Pilot in 90 Schools
South Africa Department of Basic Education (DBE) rolls out Kiswahili as an optional language in the curriculum in a pilot 90 schools. Moreover, Kiswahili will be among other optional languages [...]
