Mpesa's Market Share in Tanzania increases to 41%
According to data from Tanzania's Communication Regulatory Authority, Vodacom’s Mpesa increased its customer base, volume, and value of mobile money transactions in six months from December 2018 to June 2019. [...]
Vikas Mehta to Succeed Mathieu Plassard as Ogilvy Africa CEO
Vikas Mehta, who until now was the CEO of Mullen Lintas, is set to replace Mathieu Plassard as the Ogilvy Africa CEO following Mathieu's departure from Kenya to pursue the [...]
South African Banks' Employees Plan to Protest on Friday
Around 50,000 South African banks' employees are set to demonstrate on Friday over retrenchment that has been ongoing in the banking sector in recent times. The planned strike will make [...]Ethiopia Plans to Decentralize Mobile Money
Ethiopia is currently reviewing a bill that will allow non-financial institutions to engage in mobile money transfer. In a bid to create a more inclusive financial sector, Ethiopia's central bank [...]EAC seeks to promote the regional automotive industry by restricting imports.
The East African Community is working to promote regional capacity in the car manufacturing industry by taking measures against imports. The measures include locking out duty-free car imports from the [...]China's Sinohydro halts works at Zambia's Kafue Gorge Hydroelectric Dam
China’s Sinohydro has halted works on the Kafue Gorge hydroelectric dam, citing difficulties beyond its control. The hydroelectric site has been operational since 2015, employing than 5,000 people both directly [...]Moody's downgrades Ethiopia Govt's outlook to negative
Moody's Investors Service has affirmed Ethiopia's B1 long term issuer and unsecured ratings changing the outlook from stable to negative. The decision to change the outlook was based on the [...]SWVL Targets Addis Ababa, Lagos and Johannesburg In Africa Expansion Plan
SWVL plans to focus its expansion to other cities in Africa, including Lagos and Johannesburg. The bus hailing company will use Nairobi as a launchpad to extend to other cities [...]Kenya, South Sudan drop visa fees
South Sudan and Kenya have agreed to drop visa requirements for their citizens, according to the South Sudan Ministry of Foreign affairs. The agreement was reached last week between Kenya's [...]Off-Grid Solar power systems powering rural economies in East Africa
Off-grid solar energy consumption has been on the rise lately in Kenya and East Africa. According to a report by GOGLA (Global Off-Grid Lighting Association), close to 30 million people [...]Ethiopian Airlines records 18% jump in profit
Ethiopian Airlines recorded an 18 percent growth in profits after flying more passengers in the year through June. A surge in passenger numbers by 14% helped the airline overcome rising [...]Ethiopia vs Egypt Wrangles Over Construction of the Grand Ethiopian Renaissance Dam (GERD)
Ethiopia and Egypt are yet again in wrangles over concerns arising from the construction and filling of the Grand Ethiopian Renaissance Dam (GERD). During a meeting held early this week, [...]
