Morgan Stanley Revises Frontier Markets Index
Morgan Stanley Capital International ( MSCI) has made a change in the MSCI Frontier Market Index as part of the company's regular update cycle. The companies that would be removed [...]
Africa's Top 200 Banks Assets Hit $1.74 Trillion
The Africa Report has released its 200 banks ranking report based on how banks got back to business and grew in terms of assets in 2017. In 2017, top banks [...]Visa Set to Acquire 20% Stake in Interswitch
Visa Inc. is set to acquire a 20% stake in African Fintech, Interswitch. According to Sky News, Visa will pay $200 million ahead of a potential London Stock Exchange Initial [...]Vodacom Tanzania Half Year Profits Up 33% Riding on MPesa and Data
Vodacom Tanzania results for the first six months to September indicate growth in profits riding on Mpesa and data services revenue. According to Hisham Hendi, Vodacom TZ CEO, Mpesa and [...]
Uganda Airlines to Launch Flights into Mombasa
Uganda Airlines will officially start flights into Mombasa's Moi International Airport. Ugandan Consul General Mr Katureeba Tayebwa announced that the inaugural touchdown will be in November 11th. He stated that [...]Nigerian Stockbrokers To Launch Commodities Exchange
The Association of Securities Dealing Houses of Nigeria are planning to create Lagos Commodities and Futures Exchange later this November due to the decline in the stock market. According to [...]Uganda to Repair Old Railway After Failing to Secure Chinese Loan
Uganda will begin repairing its pre-colonial rail network this month after failing to secure $ 2.2 billion from China. According to a correspondent from Uganda Railways Corporation, the rehabilitation will [...]Egyptian lender CIB to Make an Acquisition in Kenya
The Commercial International Bank (CIB), an Egyptian private sector lender has announced its working on acquiring a bank in Kenya. The bank's board revealed this after they reported a 23% [...]World Bank Opens New Office in Somalia
World Bank Vice President for Africa recently launched a new World Bank office in Somalia during his first visit to the country. Hafez Ghanem commended Somalia's progress towards improving both [...]South African Airways Receives First Airbus A350
South African Airways (SAA) has received the first Airbus A350-900 as part of a cost-saving strategy. This is the first plane to arrive among four A350s airbuses planned for this [...]Uganda Orders Telcos to List Shares
The Ugandan government has ordered all telecom operators in the country to list at least 20% of their shares on the Ugandan Stock Exchange. This is meant to encourage local [...]AfDB Board Approves $115 billion Capital Base Boost
The board of Governors at AfDB have approved a capital injection of $115 billion, the most substantial capital boost since the bank's establishment in 1964. The decision to increase capital [...]
