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, [...]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 [...]
