South Sudan discovers new oil well with an estimated 5.3 million barrels
South Sudan has the third-largest oil reserves in Sub Saharan Africa (SSA). Africa’s youngest nation has 3.5 billion barrels of proven oil reserves, with 70 percent of its territory remaining [...]
Law firm Bowmans expands into Mauritius and Ethiopia
African focused law firm Bowmans has announced plans to expand into Mauritius and Ethiopia in a bid to explore more opportunities for its clients and contacts across the continent. The [...]
Equity Group plans to buy majority stake in Congo's 2nd Largest lender
Equity Group directors have approved the bank’s entry into a non-binding agreement to buy a controlling stake in Congo’s second-largest bank Commercial Bank of Congo. The bank is working [...]
Aviation in Africa: Ready for Takeoff?
Africa accounts for only about 2.2% of world air transport. If you compare this with the fact that Africa accounts for about 12% of the world's population and growing and [...]Lessons for Kenya from JSE's Derivatives Market
Derivatives markets can facilitate the management of financial risk exposure so as to allow investors to reduce and transfer financial risk. South Africa's derivatives markets was established to improve the [...]Startups to access more funding after ABAN and AfriLabs launch Catalyst
ABAN and AfriLabs recently launched Catalyst, a new investment solutions platform for startups in Africa. The platform will increase the pool of funds available for growth-stage entrepreneurs, and increase their [...]Failed Tax Negotiations Stall the Uganda-Tanzania Oil Pipeline
Works on the 1445-kilometre pipeline from Uganda to Tanzania have been suspended by Total S.A after it failed to buy a stake in Tullow Oil’s oil fields in Uganda. This [...]Smart cities are Africa's key to global competitiveness.
From an inward point of view, Africa's cities seem to have the most challenges. From endless traffic jams in Nairobi, to slow internet network in Addis Ababa. While the continent [...]Tanzania to build $265 million 3.2km Bridge on Lake Victoria
Tanzania has signed a deal to construct a 3.2km long bridge on Lake Victoria, a project that will cost approximately $265 million. The bridge, which will be built over the [...]Ethiopia's national telco to roll out mobile money
The Ethiopian Telecom company Ethio has announced plans to roll out mobile services as part of its 3-year strategic plan. The firm's main revenue stream has been the provision of [...]Nigerian logistics firm Kobo360 ventures into East Africa
Nigerian e-logistics start-up Kobo360 has made its first physical expansion into East Africa by opening offices in Kenya and Uganda. Kenya through the port of Mombasa is a gateway [...]Nairobi set to host COMESA’s Sixth Annual Research meeting
COMESA (Common Markets for Eastern and Southern Africa) sixth Annual Research forum has been scheduled for 2nd September to 6th September 2019, at the Nairobi Safari Club Hotel. Through this [...]
