AfDB to Raise $7B from Capital Markets for its African Investments
The African Development Bank is set to raise US$7.24 billion from capital markets after the board approved its 2019 borrowing program. The Bank accesses many capital markets and majorly borrows [...]
Catalyst Principal Partners Acquires Mattress Manufacturers in Kenya, Uganda, and Malawi
Catalyst Principal Partners has entered into a deal with top three mattress manufacturers in Kenya, Uganda and Malawi in a move to acquire Superfoam Limited, Euroflex Limited and Vitafoam Limited [...]Rwanda will Connect Heavy Industries with Electricity at no Cost
Rwandan government will connect heavy industries with electricity at no cost as it seeks to ease the cost of setting up businesses in the country. This is a major reprieve [...]
The Design for African Passport to be Unveiled in February AU
The move to introduce a common passport that will grant visa-free access to all African countries inched closer with an announcement that African Union will present its recommendations during its [...]Tanzanian-based Jamii Africa Raises $1M in Q3 as Interest in InsurTech Firms Soars Globally
Jamii Africa, a Tanzanian insurance technology firm, received $1 million funding during Q3 of the year as it seeks to accelerate it business across its market of operation, and venture [...]StanChart Kenya Appoints Kariuki Ngari as CEO and MD
Standard Chartered Bank Kenya Limited has announced the appointment of Kariuki Ngari as its new Chief Executive Officer and Managing Director effective first quarter of 2019. Mr Ngari will replace [...]Kenya Airways, Air Austral and Air Madagascar Finalize Strategic Partnerships
Air Austral and Air Madagascar have signed a “privileged partnership agreement” with Kenya Airways, establishing Nairobi as a mainland Africa hub for the three airlines. The signing of the agreement [...]Kenya Airways Starts Direct Flights to Somalia
Kenya Airways has started direct flights from Jomo Kenyatta International Airport to Mogadishu. This is after previous postponement of the flights occasioned by delay in getting additional airline and operational [...]WPP to Cut 3,500 Jobs in Restructuring
WPP, WPP Scangroup’s parent company, will shed off 3,500 jobs worldwide due to market competition from digital disruptors including Facebook and Google. According to Financial Times, the global advertising media [...]Bank Windhoek Issues First Ever Green Bond in Southern Africa
Bank Windhoek Ltd has announced its successful issuance of the first green bond in Southern African market as it that seeks to fund clean projects and assets. The bond raised $4.74 [...]Harmonisation of Customs Processes in Eastern Africa Key in Trade Facilitation: KRA Commissioner General
Eastern African revenue authorities have been urged to come up with more innovative ways of addressing emerging customs revenue policy and administrative challenges. The Kenya Revenue Authority commissioner general John [...]AfCTA Expected to Boost Intra-African Trade by 50%
The African Continental Free Trade Area is expected to boost regional trade and industrialisation by 50 per cent if implemented in March 2018. The agreement, which was signed last March [...]
