Tolaram, the Indomie Manufacturer, to Build West Africa's Largest Port
Singapore based Tolaram group is closing financing deals to build the busiest port in West Africa. The company famously known for indomie noodles will build a $1.1 billion port, delving [...]
AZA (formerly BitPesa) Receives $15 Million Funding from SA lender
The Development Bank of Southern Africa( DBSA) has extended a $15 Million funding to AZA, which was formerly known as Bitpesa. The company has also undergone a rebranding of its [...]Rwanda's First Dry Port Officially Launched
Kigali Logistics Platform, Rwanda's first dry port, has been officially launched, covering over 130,000 square meters, including a 12,000-square meter container yard and a 19,600 square-meter warehousing facility, with an [...]The 10 African Startups selected to pitch before Jack Ma in Ghana
The Africa Netpreneur Prize Initiative (ANPI) has identified the top 10 finalists for its grand finale event taking place in Accra, Ghana on 16 November 2019. The finalists were chosen [...]
Seacom Partners With Vodacom to Expand Services in Africa
Seacom is teaming up with Vodacom Business Africa to establish its footprint in Africa. The partnership will allow both companies to develop their network connectivity across the continent. On the [...]Sudan and Ethiopia Agree to Build a Joint Crude Oil Pipeline
Sudan and Ethiopia have agreed to build a joint pipeline that will connect the two countries. The partnership was agreed on last week when the Minister of Energy and Mining [...]South African Firm Launches Programme for Female Fund Managers
The South African Private Equity and Venture Capital Association (SAVCA) has launched a Fund Manager Development Programme that aims to increase black-owned, female-owned, and female-led fund management companies. The South [...]Tanzania to Pay StanChart Bank $185 Million for Breach of Contract
The International Centre for Settlement of Investment Disputes (ICSID) ordered Tanzania’s Government to pay Standard Chartered Bank Hong Kong $185.4 million (KSh19 billion) for breach of contract. According to the [...]IMF Predicts Sub-Saharan Africa Economy To Grow at 3.2% in 2019
In sub-Saharan Africa, economic growth is expected to be at 3.2 percent in 2019 and 3.6 percent in 2020 largely due to subdued growth in the three largest economies. The [...]
UK Announces £10 million Funding for FinTech Start-ups in Emerging Markets
The mayor of London Peter Estlin has announced £10 million (KSh1.3 billion) of UK Aid support towards the Catalyst Fund. Catalyst Fund is a fund manager that provides financing to [...]Africa to Host 90% of the World's Poor, Unless We Empower Our Women
A World Bank report reveals that 4 in every ten Africans live in poverty. Say, a whopping 416 million people lived under $ 1.90 a day, as of 2015. The [...]Ghanian Govt Orders Telcos to Stop Expiry of Data Bundles
The Government of Ghana has directed telecommunication companies to stop the expiry of data bundles. Such comes after Ghana increased its communication service tax to 9% to fund cybersecurity initiatives. [...]
