Gambia's Tourism Expected to Suffer After Thomas Cook's Exit
The collapse of British Tour Operator Thomas Cook will deal a heavy blow on Gambia's tourism and hospitality sector. Cook's downfall came right before the beginning of Gambia's tourists' peak [...]
Ethiopian Airlines to Acquire 20 Planes from Airbus
Africa's most profitable air carrier, Ethiopian Airlines, is set to acquire 20 A220 planes from Airbus once a deal is sealed between the two companies. According to the airline's CEO, [...]US Re-Opens Its Mogadishu Embassy after 28 years
The United States has reopened its Somalia Embassy after closing it down during the 1991 civil war. The opening marks the beginning of stronger relations between the two countries. The [...]Uganda Airlines Unveils 3 More Regional Flight Destinations
Photo courtesy TWITTER/Uganda AirlinesNigeria's Senate Proposes 9% Communication Service Tax
Nigeria's Senate is mulling over a bill that suggests a 9 percent tax on communication services. CST will charge 9% on Electronic Communication Services such as Voice Calls, SMS, Data, [...]Ethiopian Airlines Reports a 17% Increase in its Operating Revenues
Ethiopian Airlines has recently reported an increase in its operating revenue for its financial year that ended in June 2019. Africa's biggest airline, had its operating revenue increase by 17% [...]Ethiopia Appoints Transaction Adviser as it Prepares to Privatize Ethio Telecom
Ethiopia has appointed a privatization adviser to handle preparations for the Ethio telecom's privatization. According toReuters, the country is still searching for another adviser to oversee the licensing of other [...]South Africa's Engen to Issue an IPO in 2020
Petroliam Nasional BHD and its South African partner will seek to conduct an Initial Public Offerings (IPO) in the fuel retailer Engen. The IPO is meant to raise funds for [...]Mobile Money Increases Financial Inclusion in East Africa
International Monetary Fund report Financial Access Survey (FAS) shows that mobile money is increasing financial inclusion in the Sub Saharan Africa region. The survey measures and monitors financial inclusion and [...]
Zimbabwe Tightens Mobile Money Regulations to Save Plunging Currency
The Reserve Bank of Zimbabwe has put reins on mobile money and tightened rules on foreign exchange in an attempt to control its failing monetary system. Additionally, Zimbabwe has banned [...]Uganda Cautions citizens against Cryptocurrency
The Ugandan Minister for Finance, Matia Kasaija has warned citizens against the use of cryptocurrencies. During a media briefing on the status of cryptocurrencies in Uganda, Kasaija warned the [...]Airtel Faces Mounting Losses in EA, Despite Growth in Uganda
Airtel's total loss in East Africa amounted to $46.5 million (KSh4.8 billion) in the last financial year. A massive chunk of the loss stems from losses in its Kenyan subsidiary. [...]
