Kenyan Passport Among 10 Best in Africa
The Kenyan passport is the 9th strongest in Africa, allowing a holder to travel to 71 countries visa-free. Globally, the Kenyan passport ranks 72nd, together with China and Indonesia. The [...]
Orange Plans an IPO for its African Business
Orange, a French Telecommunication company, is preparing for an Initial Public Offer (IPO) for its businesses in Africa and Middle East. Bloomberg reports that the company is targeting the London [...]Lesotho Resumes Export of Wool and Mohair
Lesotho has resumed the exportation of its wool and mohair. This comes after the National Assembly passed the Agricultural Marketing (Wool and Mohair Licensing) (Amendment) Regulation. The exportation will be [...]Absa Strikes $497 Million Deal to Boost Lending in Africa
Absa Group, one of the largest banks in Africa, has signed a deal with Multilateral Investment Guarantee Agency (MIGA) which will boost lending for SMEs in Africa. According toBusiness Live, [...]MTN to Sell Uganda and Ghana Tower Business Amid Asset Disposal Plan
MTN has agreed to sell its Ugandan tower business to American Tower by the end of 2020 Q1. The agreement comes after troubles with the regulators in Uganda, Nigeria and [...]Senegal Now the Second African Country to Pass the Startup Act After Tunisia
Senegal is officially the second country in Africa to pass the Startup Act, right behind Tunisia. The country last week passed the law, with 90% of its parliamentarians voting in [...]The World’s Biggest Free Trade Area to Launch in July
The much anticipated African Free Trade Zone – the world’s largest trade zone – is set to launch in July this year. It will be a major development for the [...]
Uganda to Borrow $1.89 Billion to Fund 2020/2021 Budget
Uganda plans to borrow $1.89b from external lenders to finance its 2020/2021 budget which stands at $10.8 billion. Details seen by Reuters indicate that the government will seek both concessional and non-concessional [...]Africa Blockchain Institute to Open School in Rwanda
The Africa Blockchain Institute (ABI) is set to open its first-ever blockchain school in Rwanda this year. The program seeks to provide high blockchain education to local developers, businessmen, students [...]Ethiopia to Set Minimum Foreign Investment at $ 200,000
Individual foreign investors looking to fund infrastructure and business projects in Ethiopia will have to cough at least $200,000 according to a draft bill. On the other hand, the bill [...]Ghana Will Join 8 West African Countries to Use New Currency Eco
Ghanaian President Akufo-Addo has announced that the country will join 8 other West African countries to use Eco. Ghana will ditch Cedi, its current currency, and join Eco next year [...]World Resources Institute Appoints Wanjira Mathai as Regional Director for Africa
World Resources Institute (WRI) has appointed Wanjira Maathai as the Regional Director for Africa, and Vice President. Ms Wanjira, who holds master’s degrees in Business and Public Health from Emory [...]
