Kenya, South Sudan drop visa fees
South Sudan and Kenya have agreed to drop visa requirements for their citizens, according to the South Sudan Ministry of Foreign affairs. The agreement was reached last week between Kenya's [...]
Off-Grid Solar power systems powering rural economies in East Africa
Off-grid solar energy consumption has been on the rise lately in Kenya and East Africa. According to a report by GOGLA (Global Off-Grid Lighting Association), close to 30 million people [...]Ethiopian Airlines records 18% jump in profit
Ethiopian Airlines recorded an 18 percent growth in profits after flying more passengers in the year through June. A surge in passenger numbers by 14% helped the airline overcome rising [...]
Ethiopia vs Egypt Wrangles Over Construction of the Grand Ethiopian Renaissance Dam (GERD)
Ethiopia and Egypt are yet again in wrangles over concerns arising from the construction and filling of the Grand Ethiopian Renaissance Dam (GERD). During a meeting held early this week, [...]PE Firm Actis seeks Approval from Comesa to take over Abraaj Funds
Private equity firm Actis has written to the Comesa Competition Commission (CCC) to affirm its intentions to take over the assets of collapsed Dubai based PE Fund Abraaj Group. Actis [...]African Development Bank's Desert to Power Initiative gets Backing from G5 Sahel Presidents
Presidents of the G5 Sahel states have drummed support for African Development Bank' Desert to Power Initiative during a recently held summit in Ouagadougou, Burkina Faso. The Desert to Power [...]39% of African CEOs confident of revenue growth in the next 12 months – PwC
A PwC report, Africa Business Agenda 2019, shows a dip in the CEOs' confidence in their own organizations’ revenue prospects over the short term (12-month) and medium (three-year) medium term. [...]South Africa's Rain launches Africa's first 5G network
Rain South Africa has activated Africa's first 5G network launched the 5G network in South Africa. The launch is one of the world's first commercial 5G networks that will help [...]Hyundai Motors Launches in Somalia
South Korean car manufacturer Hyundai has launched in Somalia. Hyundai will partner with Dahabshiil Group of companies to introduce the Hyundai model cars to Somalia and its adjacent neighbours. The [...]Digital lender Tala exits Tanzanian market
Digital lender Tala has announced an exit from the Tanzanian market. In a statement posted on their Twitter Account, Tala said that it had ceased offering loans in Tanzania and [...]Andela restructuring leads to 400 job cuts across Kenya, Uganda and Nigeria
Andela has announced the departure of 170 junior engineers and staff from its Kenyan hub with an additional 250 affected from the Nigerian and Ugandan hubs. The move comes as [...]JAPAN'S NEXI Partners with Financial Institutions to Boost Trade in Africa
Japan's Nippon Export and Investment Insurance (NEXI) has partnered with the Islamic Development Bank (IsDB), Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC) and African Trade Insurance [...]
