East African nations pursue partnership with Russia on energy and infrastructure.
The East African bloc has expressed interest to pursue a regional cooperation with Russia. The partnership will focus on energy and infrastructure development through the Intergovernmental Authority on Development (IGAD). [...]
Trade among African countries takes a dip to 14.4%
In March 2018, 44 African countries signed the African Continental Free Trade Area Agreement (AfCFTA), which commits countries to remove tariffs on 90 percent of goods, progressively liberalize trade in [...]Kiswahili adopted as an official language in SADC
Representatives attending the 39th Summit of Southern African Development Community (SADC) on Saturday agreed to adopt Kiswahili as a formal language in the region. Kiswahili will be the first indigenous [...]
2019 Africa Netpreneur Prize Semifinal Judges announced
The Africa Netpreneur prize, operating under the leadership of the Jack Ma Foundation, and whose mission is to identify and spotlight African entrepreneur heroes and their stories to inspire the [...]A common currency for the East African Community takes shape
East African Community (EAC) member states could start using a common currency soon after the necessary legislation is assented to by the heads of states. The enactments will enable EAC [...]Nigeria’s steel dilemma shut down or raise fresh funding
Nigerian authorities are in a dilemma; cut their losses by shutting down the steel mills or raise fresh funding to revive idle steel mills. Despite heavy government investment, steel mills [...]South African automakers plan to start producing electric cars
The National Association of Automobile Manufacturers of South Africa (NAAMSA) plans to present a joint report on electrification to the government by the end of the year. Naamsa CEO Mike [...]Absa Group Reports a 5.4 Percent Jump in Net Profits in the First Half of 2019
Absa group, the parent company to Barclays Kenya has posted a 5.4 percent increase in net earnings in the first half of 2019. The results were bolstered by improved SA [...]Rwandan tea beats Kenyan tea in quality
Rwandan tea has been selling at better prices compared to Kenyan tea at the coastal tea auction. The tea is rated as being better quality than the local tea hence [...]Air Tanzania acquires landing slots at Gatwick Airport
Air Tanzania has made progress in its plan to fly to London by securing three landing slots at the Gatwick airport. The airline intends to fly directly from their hub [...]KCB Group to increase investment in South Sudan
East Africa’s largest Bank by assets, KCB Group, is planning on increasing its investments in South Sudan. The decision follows a return to normalcy in the country that has been [...]
NilePay takes mobile money services to South Sudan
NilePay PLC, an Electronic Financial Services Company, has partnered with Zain South Sudan to offer mobile money services in South Sudan. The service dubbed NilePay Mobile Money the first licensed [...]
