Exim Bank Opens in Ethiopia
Exim Bank Group has opened its first office in Addis Ababa, Ethiopia. This, therefore, makes it the first Tanzanian Commercial bank to be granted an operational license in Ethiopia, through [...]
MTN Introduces Mobile Money Service for Diaspora
MTN has launched a mobile remittance service for diaspora customers dubbed Homeland. The new service will facilitate money and airtime transfers across Europe and Africa and parts of the Middle East. Homeland [...]Kellogg Partners with Tolaram Group to Expand in Africa
Kellogg Company is partnering with Tolaram group, a move that is aimed to expand Kellogg's presence in West Africa. Read: Tolaram, the Indomie Manufacturer, to Build West Africa’s Largest Port [...]Jumia Leaves Tanzania, 10 Days After Exiting Cameroon
Jumia yesterday closed its Tanzanian business, just ten days after leaving Cameroon. A statement from the company reveals that the retailer left Tanzania to focus on operations in other countries. [...]IFC Launches a $115 million Health Care Firm Targeting East and Southern Africa
The International Finance Corporation (IFC) has launched a $115 million health care firm targeting East and Southern Africa. The deal was signed on the sidelines of the Investment for Africa [...]
African VC Eyes $60m for Women-Led Startups
Abidjan based Janngo Capital is looking to invest $60m into African women-led startups, helping to bridge the gender gap in local ventures. The VC led by Senegalese Fatoumata Ba has [...]Ethiopia Set to Join Alibaba's Electronic World Trade Platform
Ethiopia has signed an agreement to join Alibaba's Electronic World Trade Platform (eWTP), looking to expand trade for local SMEs. The country becomes the second to join eWTP in Africa [...]Kenya Ranks 12th in Sub-Saharan Africa in 2019 Prosperity Index
Kenya has ranked 12th in Sub-saharan Africa and 113th in the world in the recent Legatum 2019 Prosperity index. The country's 2019 performance dropped from 2018's 112th position. Nevertheless, Kenya showed [...]African Startups' Funding Crosses $1.1 Billion in 2019
African startups raised over $1.1 billion in 2019, with significant funding going to Fintechs. Data shows that about 77 startups each raised financing worth $ 1 billion and over in [...]Africa Finance Corporation Signs $140 Million Kimchi Term Loan Facility Deal
Africa Finance Corporation (AFC) has closed its first $140 million Kimchi term loan facility. The loan facility is AFC's first Korean instrument. The closing of Kimchi loan facility, therefore, represents [...]Kenya and Ethiopia are Working on a Title Deed to Give Ethiopia a Berth in the Lamu Port
Kenya and Ethiopia are speeding up a title deed to allow Ethiopia to own a berth in the Lamu port. A space in the Lamu port would serve defence and [...]South Africa to Begin Testing E-Visa Access for Kenyans
South Africa is set to begin testing the electronic visa (e-Visa) access for Kenyans as from this month. The new systems aims at eliminating the need to go to a [...]
