Ethiopia and Kenya Ranked Region's Top FDI destinations
Countries adopting business-friendly approaches and easing bureaucratic processes tend to fair better and drive an increase in Foreign Direct Investments (FDI). According to a recent report by professional services firm [...]
China’s infrastructural lending in Africa may slow in the future – Citi
China’s infrastructural lending to Africa may slow down in the future as the Asian nation changes tact in its quest to be a global superpower. In a report, China and [...]Somalia gets $28.8M AFDB funding for road and water supply projects
The African Development Bank has signed two grants for $28.8 million for the road and water supply projects in Somalia. The projects comprise of the Kismayo Baidoa Urban water project [...]
World Bank and Japan partner to develop human capital in Africa
World Bank and the Government of Japan have announced an African focused initiative aimed at advancing human capital thus contribute to economic development in the continent. The partnership will improve [...]Exclusive Interview: Philip Atkins, Vice President, Customers at Rolls-Royce
Rolls-Royce doubles down on African Aviation market amid strong growth A Rolls-Royce powered aircraft takes off and lands every 16 seconds across the globe. That is an astonishing fact warranted [...]Nigerian Startup Kuda Secures $1.6M in Pre-seed funding
Kuda, a Nigerian digital-only retail bank received $1.6M in pre-seed funding. The startup also received a banking license from the Central Bank of Nigeria. The Nigerian Startup raised the pre-seed [...]Prosus listing makes it the biggest internet company in Europe
Today, Naspers listed its international internet assets through Prosus. A few hours after its listing, Prosus’s value rose to $105 billion, making it the largest European Consumer Tech Stock. It [...]Japan Pledges $20 billion (Ksh2 trillion) in Private Investment to Africa
Japan has pledged $20 Billion in Private Investment to Africa during the 7th summit of the Tokyo International Conference on African Development (TICAD) held in Yokohama from 28th to 30th [...]Minority investors in Serengeti Breweries to pay KSh3.2 billion in EABL's debt-equity conversion deal
Non-controlling shareholders in the Tanzania company Serengeti Breweries are set to pump an additional KSh3.2 billion capital into the company, as part of a debt conversion deal with [...]Somalia economy expanded 2.8% in 2018 – World Bank
World Bank estimates that the Somalia economy expanded by 2.8 percent in 2018 on the back of the modest rebound of the agriculture sector. Better weather enabled a large increase [...]Africa's airlines record double-digit growth in air freight volumes
Africa's air carriers posted double-digit growth in year on year air freight volumes. The airlines recorded a 17% year on year growth in Average Freight Tonne Kilometers. At the same [...]Ian Ferrao Appointed as East Africa Regional Director for Airtel Africa
Former Vodacom Tanzania CEO, Ian Ferrao, has been apponited as East Africa Regional Director for Airtel Africa, a new post that has been recently created. Mr. Ferrao, who has more [...]
