Mobile Money Overtakes Cash in Somalia
Use of mobile money has overtaken use cash in Somalia with over $2.7 Billion being transacted monthly. A report by the World Bank has found that close to 155 million [...]
Uber's Middle East Rival Careem Moves to Sudan Amid Economic Crisis
Dubai-based transportation company Careem has opened its doors in Sudan’s capital Khartoum to become one of the few global companies that have started operations in the country following the end [...]Guest Post; How banks are becoming telcos telcos are becoming banks in Africa
I come from Malawi. A country where only 12% of the population have access to electricity, 36% have access to mobile and 19% have a bank account. In the rest of Sub-Saharan Africa, the [...]
China To Restructure Ethiopia's Railway Loan
Ethiopian prime minister Abiy Ahmed, has confirmed that the Chinese government will restructure its $ 4 billion railway loan. The railway loan was for the construction of an international line linking [...]Ghana To Construct Sub-Saharan Africa's First Re-gasification Plant
Ghana is set to undertake the construction of the first re-gasification plant in Sub-Saharan Africa at a cost of $350 million, which upon completion will generate close to 2 million [...]China To Finance Construction of Nigeria's $6B Hydro-Power Project
More stake for China in Africa as the country is expected to support the construction of Nigeria’s largest hydro power project. The $6 Billion project which will inject another 3,050 [...]World Bank Review Reveals Unchanged Quality of Policies Institutional Performance in Africa
The average quality of policies and institutions in Sub-Saharan Africa was broadly unchanged in 2017, according to the latest review by the World Bank. This is a shift from the [...]East Africa Tops Continent's Q3 Economic Growth, driven by remittance income
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according to ICAEW’s (the institute of Chartered Accountants in England and Wales) latest [...]East Africa's Debt-to-GDP Ratio Remains Relatively Stable- Moody's Report
A Moody’s report titled: East Africa: Institutional weakness and limited policy effectiveness constrain ability to manage higher debt burdens' indicates that the growing debt burdens for East African countries are [...]Potential Growth of Insurance Sector Through New Technology
Insurance companies are now being urged to invest and adopt new technologies in order to better understand the changing behaviour and needs of customers and tailor products that are more [...]VolksWagen to set up component assembly plant in Ethiopia
German car maker, Volkswagen is considering establishing a component assembly plant in Ethiopia, reports south African media outlet Business Day. According to VW spokesperson Andile Dlamini, the company is considering a vehicle assembly [...]Ethiopia Lifts Foreign Investment Restrictions to its Logistics Sector
The Ethiopian Investment Board has opened up the country’s logistics industry to foreign investors after it lifted the restriction that favoured domestic investors. Before the lift, foreign investors were denied [...]
