MTN plans to sell half of its stake in Jumia
One of Africa’s largest telecommunications company, MTN Group, plans to sell approximately half of its ownership in E-commerce firm – Jumia technologies. Sources familiar with the matter told Bloomberg that [...]
East African Securities Regulators Advocate for a “Centre Light” Model for Regional Regulation
The regional capital markets regulators, under the umbrella of East African Securities Regulatory Authorities (EASRA) have emphasized on the need for the EAC Policy and the Bill for establishment of [...]
MTN to list on the Nigeria Stock Exchange
MTN Nigeria recently converted from a private company to a public company. The telecommunications giant is in the process of listing at the Nigeria Stock Exchange. The entry into the [...]4G Capital launches in Uganda
As part of its strategy to expand across the African continent, 4G Capital has announced the opening of its offices in Kampala as it seeks to provide credit to micro [...]Tanzania rejects claims that it blocked IMF report
Tanzanian authorities have rejected claims that they blocked an IMF report on the country’s economy from being released to the public. According to Tanzania's Finance Minister Philip Mpango, government officials [...]Uganda Signs Deal to Export Marijuana to Canada and Germany
Uganda will export medical marijuana products to Canada and Germany worth USh 600 billion in June; this is according to reports by the Daily Monitor. Mr Benjamin Cadet, director of [...]
AccorHotels Partnership with Katara Hospitality Targets New Hotels in African Cities
AccorHotels, the parent company of Mövenpick Hotels Resorts, has partnered with Qatar firm Katara to set up Kasada Africa Hospitality fund worth $1 billion which will see the development [...]Saudi Arabia shows interest in Angola’s oil and mineral resources
Saudi Arabian officials from the Ministry of Energy and Industry recently visited Angola in search of business opportunities in the country’s oil, gas, and minerals industry. Angola is the second [...]Ethiopia Becomes 19th Country to Submit AFCTA Instruments
Ethiopia has deposited the instruments of the African Continental Free Trade Agreement, becoming the 19th country to do so ahead of the operational phase of AFCTA which is expected to [...]Absa Group moves banking operations from the UK
The South African financial company Absa has successfully moved its operations from the UK to South Africa after its separation from Barclays UK. Absa, which owns Kenya’s Barclays bank, cut [...]Ethiopia Gov’t Begins Process of Privatising 13 Sugar Factories
Ethiopian Government has launched the Request for Information (RFI) which will set the pace started of privatising 13 sugar factories which are operational and under construction. The Ministry of Finance [...]Canada to Issue $1.1 Billion in Support of AfDB
Canada has committed $1.1 billion in temporary callable capital to support the African Development Bank, Canada’s Minister of International Development Maryam Monsef said on the sidelines of the World Bank-IMF [...]
