Exclusive Interview: Philip Atkins, Vice President, Customers at Rolls-Royce
Rolls-Royce doubles down on African Aviation market amid strong growth A Rolls-Royce powered aircraft takes off and lands every 16 seconds across the globe. That is an astonishing fact warranted [...]
Nigerian Startup Kuda Secures $1.6M in Pre-seed funding
Kuda, a Nigerian digital-only retail bank received $1.6M in pre-seed funding. The startup also received a banking license from the Central Bank of Nigeria. The Nigerian Startup raised the pre-seed [...]Prosus listing makes it the biggest internet company in Europe
Today, Naspers listed its international internet assets through Prosus. A few hours after its listing, Prosus’s value rose to $105 billion, making it the largest European Consumer Tech Stock. It [...]Japan Pledges $20 billion (Ksh2 trillion) in Private Investment to Africa
Japan has pledged $20 Billion in Private Investment to Africa during the 7th summit of the Tokyo International Conference on African Development (TICAD) held in Yokohama from 28th to 30th [...]Minority investors in Serengeti Breweries to pay KSh3.2 billion in EABL's debt-equity conversion deal
Non-controlling shareholders in the Tanzania company Serengeti Breweries are set to pump an additional KSh3.2 billion capital into the company, as part of a debt conversion deal with [...]Somalia economy expanded 2.8% in 2018 – World Bank
World Bank estimates that the Somalia economy expanded by 2.8 percent in 2018 on the back of the modest rebound of the agriculture sector. Better weather enabled a large increase [...]
Africa's airlines record double-digit growth in air freight volumes
Africa's air carriers posted double-digit growth in year on year air freight volumes. The airlines recorded a 17% year on year growth in Average Freight Tonne Kilometers. At the same [...]Ian Ferrao Appointed as East Africa Regional Director for Airtel Africa
Former Vodacom Tanzania CEO, Ian Ferrao, has been apponited as East Africa Regional Director for Airtel Africa, a new post that has been recently created. Mr. Ferrao, who has more [...]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 [...]
