Elisabeth Moreno Appointed new MD for HP Inc Africa
Elisabeth Moreno has been appointed as the new managing director for HP Inc Africa, effective immediately. She replaces David Rozzio who has acquired a leadership position at the Central Europe [...]
Sudan's Inflation Rate Rises to 72.94% as Anti-Gov't Protests Grows
Sudan’s inflation rate has risen to 72.94 per cent in December from 68.93 percent in November, state news agency SUNA has reported. The Central Bureau of Statistics showed that in [...]President Museveni “Astonished” After Regulator Charge MTN Less for Telecom License Renewal
Uganda’s President Yoweri Museveni has lashed out at the telecommunications regulator for renewing the license of MTN Uganda, the country’s biggest Telecoms operator for a lesser fee. The local media [...]
BBOXX Lands US$31 million deal with Africa Infrastructure Investment Managers
Africa Infrastructure Investment Managers, a member of Old Mutual Alternative Investments, has invested US$31 million for a minority stake in BBOXX’s operations in Rwanda, Kenya and the Democratic Republic of [...]UK’s Increasing Partnership with African Financial Markets
Companies to Inspire Africa 2019 report was launched on 16 January 2019 at the London Stock Exchange. The report is an annual list of the ‘most inspiring small and medium sized [...]
Moody’s Downgrades Kenya’s Creditworthiness a Notch Lower
Moody’s Investors Service has downgraded Kenya’s sovereign creditworthiness for 2019 a notch lower due to rising liquidity risk, increased external vulnerability and higher reliance on commercial external debt. Kenya now [...]Gemalto Awarded Uganda’s New e-Immigration Solution with Fast-track Border Crossing eKiosks at Entebbe Airport
Gemalto, in cooperation with local partner SCINTL, has been awarded the contract for the supply of a Border Management System, including airport self-service eKiosks, at Entebbe, creating a faster and [...]Uganda’s SolarNow Raises $9M for Deployment of its Off-Grid Solar System
Uganda-based SolarNow has entered into a $9 million debt deal with its long-term financier SunFunder and co-lenders OikoCredit, to raise funds for off-grid solar systems deployment in the country. The [...]Alterfin Buys Equity Investment in Musoni Services
Alterfin has announced an equity investment into Musoni Services, a banking software for microfinance organisations by Musoni, as it seeks to accelerate its rapid growth and expand into new markets. [...]Iflix Sells its African-focused Platform to Econet
Iflix has sold off its African-focused service, Kwesé iflix, to Econet. Before acquiring the service, the global telecoms company had a major stake in it and played a central role [...]Kenya is the Fastest Growing Nation Brands Globally
Kenya has improved his image globally, securing position 72 with a brand rating of A+, a survey by UK-based Brand Finance has shown. In the annual report of the most [...]French-based Cerba HealthCare to take over Operations at Lancet Laboratories
Cerba HealthCare will take control of Lancet Laboratories after announcing a joint venture to “strengthen provision of effective, evidence-based healthcare across Africa”. Lancet Laboratories, a medical lab services provider with [...]
