South African Airways Resumes Flights to Six Destinations
South African Airways (SAA) has resumed flights to six destinations. These destinations include Accra, Lagos, Lusaka, Maputo,Windhoek and Harare. This will be effective from Tuesday, 19th November 2019. The airline [...]
Uganda Resubmits Loan Application for SGR Project
Uganda has re-submitted a loan request to China for the construction of a 271 km railway that will link Kampala with the Kenyan border. According to Bloomberg, the Ugandan government [...]Equity Group announces KSh 10.6 billion Acquisition of majority stake in Congolese Bank
Equity Group Holdings (EGH) Plc has announced it has entered into a deal to acquire a majority stake in Banque Commercial du Congo (BCDC), the second-largest bank in the Democratic [...]
Africa Investment Forum Secures Deals Worth $40.1 Billion
The Africa Investment Forum (AIF) has secured investor interest worth $40.1 billion. This happened during the second edition of the forum where a total of 52 deals were sealed. Furthermore, [...]
Jumia Completes Closure of Cameroon Operations
Jumia has announced it has completed the closure of its entire operations in Cameroon, firing all its staff amid mounting losses. The closure, which started in 2014 comes a few [...]Rwanda to Build Innovation City
Rwanda has announced plans to construct Kigali Innovation City at the Africa Investment Forum Event. The event took place on 11th-13th November 2019 in Johannesburg, South Africa. Kigali Innovation City [...]Air Senegal Set to Buy 8 Airbus A220s for $730 Million
Air Senegal is set to buy eight Airbus A220-300 planes for $730 million. However, the memorandum of understanding is subject to a final contract. The acquisition of the planes is [...]OPay Raises $120 Million in Series B Funding
Fintech firm OPay has raised a total of $120 million in its latest Series B funding. This comes a few months after it raised $50 million in June this year. [...]South African Airways in Talks with Regulators on its Potential Equity Partners
South African Airways will soon be summoned by regulators next month to disclose details concerning talks with potential equity partners. This is to ensure that there is an assurance that [...]Exploring Smart Technology for Off-grid Power Systems a Chat with Clear Blue Technologies CEO, Ms Miriam Tuerk
What if we could reduce the power overload through creating technological solutions for renewable energy? Clear Blue Technologies Inc., a Canadian Smart off-grid company, has done precisely that. The company [...]PalmPay Launches in Nigeria
PalmPay has announced its launch in Nigeria. This is after it received $40 million funding led by a Chinese mobile phone company, Transsion. The investment was made through Transsion's Techno [...]AfDB Distances Itself From Lamu Coal Project
The African Development Bank has declined to fund the Lamu Coal project, and any future coal projects. The decision follows an environmental impact assessment, which saw the National Environmental Tribunal [...]
