Ethiopia Secures AfDB Backing for US$7.8bn Mega Airport
Ethiopia is taking a major step toward its ambitious goal of becoming Africa’s leading aviation hub after signing an agreement with the African Development Bank (AfDB) to support the construction [...]
Southern Africa Bloc Withdraws Troops from DRC
The Southern African Development Community (SADC) will withdraw its peacekeeping troops from the eastern region of the Democratic Republic of Congo (DRC), opting instead to push for a diplomatic and [...]
IGAD Calls for Ceasefire, Release of Detained South Sudan Officials, as Conflict Escalates
An extraordinary summit of IGAD Heads of State and Government on South Sudan wants the government of Africa’s newest nation to release detained officials as part of the solutions to stabilize the country. [...]Equator VC Raises US$55mn to Finance African Climate Tech Startups
Venture capital firm—Equator—has closed a US$55 million fund aimed at financing early-stage climate tech startups in Africa, a sector that has long struggled to attract private capital. “We are needed [...]MTN Uganda Under Sylvia Mulinge: Earnings Surge, Dividends Rise, Stock Gains 85%
Last week, MTN Uganda posted impressive financial results for the full year 2024, marked by strong growth in service revenue, higher earnings per share, and a substantial dividend increase. MTN [...]
South Sudan is Unravelling, Again
South Sudan's neighbours, and regional and international bodies have urged the country's leaders to resolve an escalating conflict between President Salva Kiir and First Vice President Riek Machar over clashes [...]Rise, Parent Company of Hisa, Secures U.S. Broker-Dealer License
Rise, Hisa’s parent company, has secured a U.S. broker-dealer license through its affiliate, Risevest Financial Securities Limited. “We've successfully acquired a U.S. broker-dealer license through our affiliate, Risevest Financial Securities [...]African, European Blocs Sign €20 million Financing Agreement
The African Union (AU) and the European Union (EU) have signed a €20 million (~KSh 2.759 billion) financing agreement to promote integrated development and capacity building across Africa. The EU [...]Artificial Intelligence (AI) and AI-agents are a Game-Changer for Cybersecurity
Artificial Intelligence (AI) is no longer just a tool—it is a game changer in our lives, our work as well as in both cybersecurity and cybercrime. While businesses leverage AI [...]
Amsons Group to Pump Kshs 52bn into Bamburi Cement
Cement manufacturer Bamburi Cement's new parent company Amsons Group has said it will pump US$ 400 million (~KShs. 52 billion) into the company over the next three years to power [...]France Drops DRC Conflict Minerals' Case Against Apple
French prosecutors dropped a criminal complaint by the Democratic Republic of Congo (DRC) against Apple in mid-February saying the allegations were not well-founded', new reports indicate. In a statement after [...]Afreximbank, Kenya Ink KSh 387.5mn Deals for Dongo Kundu, Naivasha SEZ
The African Export-Import Bank (Afreximbank) has signed a series of agreements with Kenya to finance the development of industrial parks and special economic zones (SEZs) with KSh 387.5 million (US$3 [...]
