Ghana Set to Relaunch National Airline
Ghana is set to relaunch its national airline. This comes after signing a provisional order for three Boeing 787-9 Dreamliners at the recently concluded Dubai Airshow. The acquisition will cost [...]
OPay Launches A Ride-Hailing Platform OCar After Series B Funding
Nigerian based startup Opay has launched a new ride-hailing service OCar, giving Uber and Bolt a run for Nairas. The car-hailing service comes a day after the company raised $120 million [...]IMF Concerned about Africa's High Debt Levels
The International Monetary Fund (IMF) has raised concerns over the rising debt in Africa. Ms Kristalina Georgieva, IMF managing director told Bloomberg that about 40% of the countries in Africa [...]Air Botswana to Lay Off More Than Half of its Staff
Air Botswanahas announced plans to lay off more than half of its workforce. This comes at a time when the government is trying to, again, privatize the airline. According to [...]Dubai Pledges to Support Africa's Trade
Dubai has pledged to support trade with Africa as non-oil trade between Africa and UAE continues to soar. The announcement came from the Dubai Chamber of Commerce Chairman, explaining that [...]LifeBank Nigeria Wins African Netpreneur Prize
The Jack Ma Foundation has awarded $1 million in prize money to 10 entrepreneurs from across Africa. This was during the inaugural Africa Netpreneur Prize Initiative grand finale held in [...]
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 [...]
