Tanzania opposes Kenya’s Mara River Dam Projects
Kenya’s neighbour, Tanzania, is opposed to the construction of Hydro-electric power dams along the Mara River. The country’s officials revealed that they were holding talks with the Kenyan government to [...]
Total Oil Company to pay $8.8 billion in an African expansion drive
French Oil and Gas multinational Total is set to buy the African assets of Anadarko Petroleum, an international oil company headquartered in Texas, US for $8.8 billion (~KSh889 billion). Total [...]KCB Plans to Buy Banks in Rwanda and DRC
Kenya Commercial Bank KCB CEO, Joshua Oigara has announced the bank’s plan to buy a bank in Rwanda and another one in the Democratic Republic of Congo. Speaking to Reuters, [...]
Tanzania to Begin Trials of its Electric Train in July
The Government of Tanzania has announced that the first trials for it's first, speedy electric train will be conducted in July to cover a section of the Standard Gauge Railway. [...]Ethiopian Airlines to Launch Three-Weekly Flights to Marseille, France
Ethiopian Airlines is finalizing its plans to launch a thrice-weekly flight to Marseille, France beginning July 2nd, 2019, Group CEO of Ethiopian Airlines, Mr. Tewolde GebreMariam confirmed. GebreMariam said that [...]MTN plans to sell half of its stake in Jumia
One of Africa’s largest telecommunications company, MTN Group, plans to sell approximately half of its ownership in E-commerce firm – Jumia technologies. Sources familiar with the matter told Bloomberg that [...]East African Securities Regulators Advocate for a “Centre Light” Model for Regional Regulation
The regional capital markets regulators, under the umbrella of East African Securities Regulatory Authorities (EASRA) have emphasized on the need for the EAC Policy and the Bill for establishment of [...]
MTN to list on the Nigeria Stock Exchange
MTN Nigeria recently converted from a private company to a public company. The telecommunications giant is in the process of listing at the Nigeria Stock Exchange. The entry into the [...]4G Capital launches in Uganda
As part of its strategy to expand across the African continent, 4G Capital has announced the opening of its offices in Kampala as it seeks to provide credit to micro [...]Tanzania rejects claims that it blocked IMF report
Tanzanian authorities have rejected claims that they blocked an IMF report on the country’s economy from being released to the public. According to Tanzania's Finance Minister Philip Mpango, government officials [...]Uganda Signs Deal to Export Marijuana to Canada and Germany
Uganda will export medical marijuana products to Canada and Germany worth USh 600 billion in June; this is according to reports by the Daily Monitor. Mr Benjamin Cadet, director of [...]AccorHotels Partnership with Katara Hospitality Targets New Hotels in African Cities
AccorHotels, the parent company of Mövenpick Hotels Resorts, has partnered with Qatar firm Katara to set up Kasada Africa Hospitality fund worth $1 billion which will see the development [...]
