Uganda Acquires 2 Airbus Planes as it Seeks to Revive its National Carrier
Uganda has bought two new Airbus A330-800 Neo order aircraft which will boost the revival of Uganda’s national carrier, Air Uganda. Monica Azuba Ntenge, Minister for Works and Transport, said [...]
IMF rates Ghana as the fastest growing economy in the world at 8.8%
The International Monetary Fund predicts that Ghana’s economy will grow at 8.8 percent in 2019, the fastest growth rate in the world. IMF bases its projections on the improved macroeconomic [...]
Kenya Top Funding hub for tech startups with Sh 35 Billion raise in 2018
In 2018, Kenyan technology startups secured $348 million (~KSh35 billion) in funding, the highest amount among African countries. This is according to Partech Africa report which focused on start-ups whose [...]CDC Group Acquires 8% Stake in Liquid Telecom
UK Government owned development finance institution CDC Group has acquired an 8% stake in Liquid Telecom for an investment of US$180 million. CDC group said that its investment would help [...]Africa’s economic growth declined to 2.3% in 2018
A World Bank report titled Africa’s Pulse shows that Economic growth in the entire African continent slowed down to 2.3 percent in 2018 against a projected growth of 2.7 percent. [...]African SMEs Have 77% Chance of Stagnating – AFDB
According to the latest African Economic Outlook report, most African SMEs have a 77 per cent chance of stagnating while medium and large firms have 18 per cent and 5 [...]Ethiopia attracts $13 billion of inflows under PM Ahmed Abiy
In the one year that Prime Minister Ahmed Abiy has ruled Ethiopia, the country has managed to attract as much as $13 billion (KSh1.3 trillion) of inflows in the form [...]Africa's working population to increase by 40% before 2030 AFDB
Africa’s labor force is projected to increase by 40 percent before 2030 with only half of young people joining the labor market finding employment, which will be mainly in the [...]AFCTA to Kick Start Operational Phase in July Following Ratification by Gambia
Gambia's parliament has approved the ratification of the Africa Free Continental Agreement (AFCTA), becoming the 22nd country and paving for the way for its enforcement. African Union’s Commissioner for Trade [...]Stanbic Bank Suspends Trading on Uganda Stock Exchange
Stanbic Holdings Limited has suspended the trading of its Shares on the Ugandan Stock Exhange, the USE Chief executive officer has said. In a notice, Paul Bwiso said that the [...]Mastercard agrees to become a shareholder in Jumia
Press Release; E-commerce platform Jumia has announced that American payments technology company Mastercard has agreed, subject to certain conditions, to become an investor in the company. Under the new agreement, the [...]
Ghanian Health Startup Buys Kenyan Pharmacy Chain, Haltons
Ghanian health startup Mpharma is planning to buy Kenya’s second-largest pharmacy chain, Haltons, a deal which is so far valued at $9.7 million and is awaiting regulatory approval. If successful, [...]
