Rwanda Launches Volkswagen Electric Cars
Volkswagen, in partnership with Siemens, have today unveiled an electric Volkswagen Golf dubbed e-Golf. The vehicles launched in the presence of Prime Minister Eduoard Ngirente, are part of a pilot [...]
IMF Sees Sub-Saharan Africa Growth at 3.2% in 2019
The International Monetary Fund has released its Regional Economic Outlook report which is focused solely on the Sub-Saharan countries. Growth in the Sub-Sahara countries is expected to remain at 3.2% [...]Nigeria’s Access Bank to Acquire Transnational Bank of Kenya
The Competition Authority of Kenya (CAK) and Central Bank of Kenya (CBK) has okayed Access Bank proposal to acquire 93.57 per cent of Kenyan based lender Transnational Bank Ltd. Access [...]
Airtel Africa Customer Base Increased by 10% in the First Half of 2019
Airtel Africa recently released their half-year earnings results ended 30th September 2019. The telco's customer base increased by 10% to 104 million. Revenue rose by 8.4% in the second quarter [...]Africa is $97.6 Billion Away From Universal Internet Access
Africa, at the tail end of internet connectivity, has the highest internet cost in the world. Only four out of ten people have access to the internet, at prices as [...]Air Tanzania Acquires 2nd Boeing 787-8 Dreamliner
Air Tanzania Company Limited has acquired a second Boeing 787-8 Dreamliner. This is a step further to its plans of doubling the fleet to fourteen planes by 2022. Acquisition of [...]Flutterwave Partners With Binance to offer Africa a Fiat-to-Crypto Gateway
Binance has launched a new fiat gateway platform on the Flutterwave channel. Users in Nigeria can now purchase bitcoin, BUSD, and BNB in Nairas, as Binance adds fiat pairs for [...]Rwanda and Ethiopia to partner with ROSATOM to Put up Nuclear Centres
The just-concluded Russian -African summit has seen two African countries Ethiopia and Rwanda sign deals with Russian State Atomic Cooperation ROSATOM to put up nuclear energy research centres in their [...]Africa50, Axion Group and SN Power to Develop Hydro-Power Plant in Madagascar
Africa50 has partnered with colas, Jovena (Axian Group) and SN Power so as to develop a hydro power plant in Madagascar. The project aims at improving the lives of the [...]CDC Group Commits a $75 Million Trade Facility to Absa
CDC Group, which is UK's development finance institution and impact investor, has recently announced commitment to lending $75 million risk sharing facility with the Absa Group. Absa is one of [...]Sub Saharan Africa Performing Poorly in Ease of Doing Business
A World Bank Group report, Doing Business 2020 shows that Sub-Saharan Africa is trailing other regions in the ease of doing business. The report analyzes regulation that encourages efficiency and [...]Russia Writes Off Over $20 Billion African Debt
Russia continues to inject into African regimes, underscored by the bid to write off millions of African debt dollars. Moscow’s government is looking to implement the debt-for-development initiative looking to [...]
