RwandAir Granted permit for direct flights to US
RwandAir, the national carrier of the Republic of Rwanda, has received approval for direct flights to the US with maiden flight set for August 2018. This is much earlier than [...]
India's Sterling Wilson to Build the Largest Battery Energy Storage Plant in Africa
Sterling and Wilson, an Engineering Procurement and Construction (EPC) solution provider based in India, will build the biggest battery storage and single battery installation plant in Africa with the aim [...]
Ethiopia to Privatise a Section of Ethiopian Airlines Ethio Telecom
Ethiopia's ruling party has announced plans to sell a section of the country's companies, including Ethiopian Airlines and Ethio Telecom, that are majorly owned by the government. According to a [...]UK-based Crypto Bank Nebeus Launches its Services in Africa
UK-based crypto bank Nebeus has launched its services in Africa allowing cryptocurrency traders in Kenya, South Africa, Uganda, Rwanda, Tanzania, Nigeria, Cameroon, and Ghana to buy and sell crypto as [...]Tanzanian Govt Orders Mining Firms to Open Local Bank Accounts to Control Illegal Financial Flows
The Tanzanian government has ordered firms in the mining industry to open local bank accounts for easy inspection of their finances. In 2014, a Global Financial Integrity report indicated that [...]Shoprite Launches Mobile Payments Platform
Shoprite Supermarkets has partnered with Google, Standard Bank, and global mobile payments solutions firm Celbux to introduce a mobile money platform for its customer base. Shoprite said in a statement [...]Eastern Southern African Countries Consider Holding Chinese Yuan as a Reserve Currency
17 central banks and government officials from 14 countries in Eastern and Southern Africa met in Harare last week to discuss the possibility of using the Chinese Yuan as a [...]Bank of Tanzania to start re-licensing of forex bureaus
Bank of Tanzania will start re-licensing forex bureaus by the end of May after having suspended the exercise for the last 9 months due to money laundering concerns. Under the [...]90 Chinese companies in Uganda Accused of evading tax
Chinese Company proprietors in Uganda have topped a list published by Uganda Revenue Authority on companies linked and engaged to fraudulent activities in regards to Value Added Tax (VAT). Out [...]Tanzania Signs $64.4m Grant with China to Drive Infrastructure Development
Tanzania and China have signed a $64.4 million grant to finance two infrastructure projects in the country. Dotto James, the Finance and Planning Ministry Permanent Secretary said during the signing [...]Zimbabwean High Court Revokes Central Bank's Ban on cryptocurrencies
The Harare High Court has revoked a ban by the Reserve Bank of Zimbabwe (RBZ) preventing cryptocurrency exchanges from accessing banking services. The default ruling was made after the bank [...]How to Contribute to the Sustainability of the Cryptocurrency Ecosystem
There are few feelings in this world that are worse than the regret of having wasted time, money, energy, or opportunity. When our precious resources are lost for no good [...]
