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 [...]South African Airways To Layoff 18% of its Workforce
South African Airways is in conflict with labor unions over its plans to reduce its workforce by about a fifth. The air carrier is undertaking a restructuring plan aimed at [...]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 [...]
