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 [...]Tanzania's $10 billion Bagamoyo Port Still in Tussle
Tanzania has said that it is open to discussions with investors on the $10 billion Bagamoyo Port project. Construction has stalled over tussles from the foreign investors and the government. [...]Africa's Financial Markets Showing Strong Growth Prospects AFMI 2019
According to the 2019 edition of the Absa Financial Markets Index report, there are very high growth prospects for African economies. The aim of the report is to show not [...]Somalia Eyes Infrastructure Boost if International Creditors Erase $5 Billion Debt
Somalia will embark on a journey to reduce poverty and establish its infrastructure if global lenders write off its debt. The country plans to build major regional ports and create [...]Barrick Gold To Resume Operations in Tanzania After Settling $300 Million Tax Dispute
Barrick Gold, the world's largest gold mining company, has announced it will resume its operations in Tanzania after agreeing to pay $300 million in tax disputes. An agreement between the [...]
