Rwanda’s Bralirwa to Start Brewing Heineken Brand Locally
Bralirwa will start producing Heineken, a move that improve the retail prices and boost sales of the beer in Africa. The Rwanda’s largest beer manufacturer will brew the local Heineken [...]
Uganda Arrests, Deports Two MTN Uganda's Staff over National Security' Concerns
MTN Uganda has issued a statement regarding the arrests and deportation of its two staff, even as it reiterates the firm “remains fully committed to operating within and respecting the [...]
Moody's Confirms MTN Group's Ba1 Ratings; Negative Outlook
Moody's Investors Service has confirmed MTN Group Limited's Ba1 corporate family rating (CFR), Ba1-PD probability of default rating (PDR) and the Aa3.za national scale corporate family rating. Moody's has also [...]Kenya’s South Lokichar Basin by Tullow Oil among top 10 Developments that will Shape Africa’s Energy Sector in 2019
Kenya’s South Lokichar Basin by Tullow Oil, where Financial Investment Decision is expected before end of the year amidst rising tensions with the Turkana local community, has been named as [...]Societe Generale and Absa Partner to Provide Shared Banking Services Across Africa
Societe Generale and Absa Group Limited have announced the signing of a Memorandum of Understanding to roll out a commercial agreement and expand their activities through the development of a [...]IMF: sub-Saharan Africa World’s Fastest Growing Economies in 2019
International Monetary Fund has ranked sub-Saharan African region among the fastest-growing economies in 2019 like it did in 2018, with an overall economic growth of 3.8 per cent, which is [...]Elisabeth Moreno Appointed new MD for HP Inc Africa
Elisabeth Moreno has been appointed as the new managing director for HP Inc Africa, effective immediately. She replaces David Rozzio who has acquired a leadership position at the Central Europe [...]Sudan's Inflation Rate Rises to 72.94% as Anti-Gov't Protests Grows
Sudan’s inflation rate has risen to 72.94 per cent in December from 68.93 percent in November, state news agency SUNA has reported. The Central Bureau of Statistics showed that in [...]President Museveni “Astonished” After Regulator Charge MTN Less for Telecom License Renewal
Uganda’s President Yoweri Museveni has lashed out at the telecommunications regulator for renewing the license of MTN Uganda, the country’s biggest Telecoms operator for a lesser fee. The local media [...]BBOXX Lands US$31 million deal with Africa Infrastructure Investment Managers
Africa Infrastructure Investment Managers, a member of Old Mutual Alternative Investments, has invested US$31 million for a minority stake in BBOXX’s operations in Rwanda, Kenya and the Democratic Republic of [...]UK’s Increasing Partnership with African Financial Markets
Companies to Inspire Africa 2019 report was launched on 16 January 2019 at the London Stock Exchange. The report is an annual list of the ‘most inspiring small and medium sized [...]
Moody’s Downgrades Kenya’s Creditworthiness a Notch Lower
Moody’s Investors Service has downgraded Kenya’s sovereign creditworthiness for 2019 a notch lower due to rising liquidity risk, increased external vulnerability and higher reliance on commercial external debt. Kenya now [...]
