Azuri Technologies Named Winner of Global SDG Award
Azuri Technologies has emerged the winner of the Global Sustainable Development Goals Award due to its innovative services of providing clean and affordable energy to rural off-grid Africa. Using the [...]
Africa’s largest company, Naspers, lists in Europe
The largest company in Africa, Naspers, has listed part of its holding in the Dutch Stock Exchange – Euronext. The South African firm involved in internet services, entertainment, media, and [...]
How mobile money is transforming Africa
Mobile money payments began with the innovative Mpesa service in 2007. A decade later, the service is widely used across the continent and in other parts of the world. An [...]Africa’s growing investments
Investments into African economies have been on the rise. Data collected by Asoko Insights shows that between 2015 and 2018, 861 investment deals where sealed. 44 percent of the deals [...]Standard Bank SA to Incorporate Blockchain in FX Payments
South Africa's Standard Bank has said it will incorporate blockchain solution to ease foreign exchange payments for its importer clients. According to Richard de Roos, head of foreign exchange for [...]Zimbabwe seeks to raise $350 million by selling state-owned firms
Zimbabwe plans to sell five of its state-owned corporations in an effort to cut spending and raise funds for its treasury. Some of the companies earmarked for sale are; telecommunications [...]Jumia’s 2018 revenues from East Africa more than double to KSh 1.3 billion
The East African region recorded the fastest growth in revenue for the e-commerce company, Jumia for its African business according to disclosures on a potential IPO on the New York [...]Jumia files for IPO on NYSE
E-commerce firm Jumia has filed for an Initial Public Offering on the New York Stock Exchange (NYSE), which will make it the first African technology company to list on the [...]South African based Absa group looking to enter Ethiopian market
Absa group, formerly known as Barclays Africa has announced plans to enter the Ethiopian market. The lender, Africa’s third largest with operations in12 African countries is the parent company to [...]Rwanda's cement company Cimerwa to sell 49% stake
The largest cement manufacturer in Rwanda, Cimerwa, is seeking buyers for 49 percent of its shares which are owned by the Rwandan government. The company is jointly owned by South [...]Ethiopian Airlines says flight from Addis to Nairobi crashed, 157 on board
Ethiopian Airlines has confirmed that its flight ET 302/10 March in schedule service from Addis Ababa to Nairobi was involved in an accident on Sunday around Bishoftu (Debre Zeit). The [...]
Sudan President Unveils Tough Economic Measures as the Protests in the Country Grow
Sudan’s president, Omar al-Bashir has unveiled tough economic measures, which is meant to curb the crisis experienced in the country sinceDecember. He has made it illegal to trade fuel products [...]
