Kenya-Ethiopia Trade to hit $175M Upon Completion of 895-kilometre Highway Corridor in H1 2019
Trade between Kenya and Ethiopia is expected to increase significantly to $175 million this year due to the 895-kilometre highway corridor linking the two countries. The Mombasa-Nairobi-Addis Ababa road, conceptualised [...]
Airtel Africa Receives $200 million from Qatar Investment Authority
Airtel Africa has received $200 million investment from Qatar Investment Authority, the sovereign wealth fund of Qatar government. The money will be used to reduce the Telco’s existing debt. Airtel [...]
StanChart Unveils its Second Wave of Digital Retail Banks in Africa
Standard Chartered Bank has today unveiled its second phase of digital-only retail banks across Africa, targeting four key markets in the first quarter of 2019 to meet increasing consumer demand [...]
AfDB Approves $25 million Equity Investment for Africa Renewable Energy Projects
The African Development Bank has approved an equity investment of up to $25 million for the African Renewable Energy Projects. The investment is part of ARCH Africa Renewable Power Fund [...]German Carmaker to Establish Assembly Plant in Ethiopia
Volkswagen has announced its plan to establish a car assembly in Ethiopia, a huge boost to the country’s manufacturing industry. The announcement was made in the presence of German President [...]Absa Group Announces Retirement of Maria Ramos, Appoints Interim CEO
Absa Group has announced the retirement of its Chief Executive Officer Maria Ramos who will leave office at the end of February 2019 after ten years at the helm. The [...]ECA to Offer $130K Grants to 15 Climate African Researchers
Economic Commission of Africa will award one-year research grants to 15 African climate researchers of up to $130,000 in a bid to accelerate and support climate science research in the [...]BitPesa's Founder Elected by WEF to Co-Chair the Global Blockchain Council
Elizabeth Rossiello, Chief Executive and founder of BitPesa, has been appointed by the World Economic Forum to be one of the two co-chairs of the Global Blockchain Council. The appointment [...]Ethiopia to Host World Economic Forum in Africa Next Year
Ethiopia will host World Economic Forum next year, 7 years after it accommodated the prestigious event in May 2012.The WEF is a major annual event that is attended by political [...]Treasury Extends Exemption for CBA in Connection with the Acquisition of Shares in Crane Bank Rwanda to June 2019
Commercial Bank of Africa has been extended the exemption to regularise its ownership of Crane Bank Rwanda, which it acquired in February 2018 for $96 million. National Treasury and Planning [...]Three African Innovators win $600K each for their Sustainability Projects
BBOXX, which has presence in Kenya and regional market, Tanzania-based Sanku, and South Africa's African Leadership Academy are among five global innovators that took home $600,000 after emerging winers in this [...]South Africa Steps Up to Help Zimbabwe Clear its $16.9 billion Debt
South Africa has agreed to assist its neighbour Zimbabwe clear its mounting debt. According to a Bloomberg, the leading economy in Southern Africa has offered to use its influence with [...]
