South Africa becomes 47th African country to join Afreximbank as a shareholder
South Africa has taken up shareholding in the African Export-Import Bank (Afreximbank), the African continental multilateral trade finance institution. With the shareholding, South Africa becomes the 47th African country to [...]
Ethiopian Airlines to launch three weekly direct flights to Geneva
Ethiopian Airlines, the largest Aviation Group in Africa has announced that it will launch three weekly direct flights to Geneva, Switzerland on June 3, 2018. Hosting the highest number of [...]Nigeria, Kenya and South Africa Ranked Africa's key investment hubs in 2018
Manufacturers and retailers seeking to stay one step ahead in Africa’s complex markets need to move beyond ‘business as usual’ they simply cannot keep doing the same things and [...]Ethiopian Airlines to Construct 2nd five-star hotel at Addis Ababa Airport, to cost $91M
Ethiopian Airlines is constructing a 637-key five-star hotel in Ethiopia’s capital and the project will cost a whopping $91 million. The mega hotel will constitute of a duty-free shop, cultural shop, [...]Acacia Mining to sell Royalty in Burkina Faso for $45 Million
Acacia Mining has reached into an agreement with Sandstorm Gold Ltd for the disposal of its non-core royalty over the Houndé Mine in Burkina Faso for total consideration of US$45 [...]Economic dynamism boosts East Africa’s growth despite harsh political climate ICAEW
Diversified and services-led economies have had a good year whereas hydrocarbon-dependent African economies continue to be plagued by the aftershock of the oil price slump. This is according to the [...]Volt to issue US$40 Million Tanzanian Bond to Fund Stage 1 development of Bunyu Graphite Project
Tanzanian-focused flake graphite development company Volt Resources Limited (ASX: VRC) announced that it will proceed with the issue of US$40 million in structured debt funding. Volt has engaged Exotix Capital [...]Airtel to Sell Kenya, Rwanda Tanzania Units Citing Sustained Losses
Bharti Airtel, the parent company of Airtel Africa has finally announced its in the process of exiting Kenya, Rwanda Tanzania markets citing sustained losses over the years hence depressing [...]Ethiopian Airlines Orders Four Boeing 777 Freighters Worth $1.3 billion
Ethiopian Airlines and Boeing have announced an order for four Boeing 777 Freighters – the world's largest and longest-range twin-engine cargo jet – in a deal valued at more than [...]Alibaba UNCTAD launch eFounders initiative with African entrepreneurs as pioneers
Alibaba Business School and the United Nations Conference on Trade and Development (UNCTAD) recently brought together 24 Africa-based entrepreneurs to participate in the inaugural eFounders Initiative. The initiative is the [...]Dangote Registers Two Companies in Kenya, To start operations in 2019/20
Dangote Cement has revealed that they have registered two companies in Kenya with plans to build two plants of 1.5Mta each, near Nairobi and Mombasa, to serve the local market. [...]Ethiopian Airlines receives 2nd Boeing 787-9 fleet in One Month
Ethiopian Airlines, Africa's largest most profitable airline has announced that it has taken delivery of its second Boeing 787-9 Dreamliner fleet on November 21, 2017. In less than a span [...]
