Kenya Airways, Air Austral and Air Madagascar Finalize Strategic Partnerships
Air Austral and Air Madagascar have signed a “privileged partnership agreement” with Kenya Airways, establishing Nairobi as a mainland Africa hub for the three airlines. The signing of the agreement [...]
Kenya Airways Starts Direct Flights to Somalia
Kenya Airways has started direct flights from Jomo Kenyatta International Airport to Mogadishu. This is after previous postponement of the flights occasioned by delay in getting additional airline and operational [...]WPP to Cut 3,500 Jobs in Restructuring
WPP, WPP Scangroup’s parent company, will shed off 3,500 jobs worldwide due to market competition from digital disruptors including Facebook and Google. According to Financial Times, the global advertising media [...]Bank Windhoek Issues First Ever Green Bond in Southern Africa
Bank Windhoek Ltd has announced its successful issuance of the first green bond in Southern African market as it that seeks to fund clean projects and assets. The bond raised $4.74 [...]Harmonisation of Customs Processes in Eastern Africa Key in Trade Facilitation: KRA Commissioner General
Eastern African revenue authorities have been urged to come up with more innovative ways of addressing emerging customs revenue policy and administrative challenges. The Kenya Revenue Authority commissioner general John [...]AfCTA Expected to Boost Intra-African Trade by 50%
The African Continental Free Trade Area is expected to boost regional trade and industrialisation by 50 per cent if implemented in March 2018. The agreement, which was signed last March [...]Kenya Starts Process of Ratifying the AFCAC's Revised Constitution
The National Assembly has called upon the members of the public to present their views on the ratification of the Revised Constitution of the African Civil Aviation Commission for approval [...]African Development Bank issues first ever SOFR-linked transaction in green bond market
The African Development Bank has successfully priced a dual-tranche US$ 500 million 3-year and US$ 100 million 2-year Green bond, the first of its kind in the market. The fixed [...]Bamburi Cement Issues Profit Warning As 2018 Earnings Expect To Dip
Bamburi Cement has joined HF Group and Sameer Africa in issuing a profit warning, indications that its revenues for its financial year will be lower than 25 per cent it [...]Jacques Vermeulen Appointed CEO of Coca-Cola Beverages Africa
Coca-Cola Beverages Africa (CCBA) announces the appointment of Jacques Vermeulen, the current managing director of its international division, to the position of Group CEO of CCBA from 1 December. Vermeulen [...]
Kenya's Life Expectancy Increases by 8.5 years UNECA
Life expectancy for Kenyans and Rwandans has increased by 8.5 years while the average life expectancy in East African region by 5.3 years over the past decade, this is according [...]Tanzania's Central Bank Suspends 5 Banks From Forex Trading
Bank of Tanzania has suspended five commercial banks from trading in the interbank forex exchange market (IFEM) for a month, as part of its ongoing regulatory measures to subdue irregular [...]
