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 [...]Which African Countries Are In The Most Debt and Why?
Ever since 2007, Africa has found itself in a rapidly spiralling debt crisis. Trump's America and Brexit are two factors which have recently tipped many of these countries over the [...]Sub-Saharan Africa sees modest growth Recovery in 2017 World Bank report
Economic growth in Sub-Saharan Africa is recovering at a modest pace, and is projected to pick up to 2.4% in 2017 from 1.3% in 2016, according to the new Africa’s Pulse, [...]Nigeria and Kenya Stock Exchanges Discuss Measures to Enhance Liquidity
On the second day of the largest investor conference in the UK, the 7th Annual EFG Hermes London Conference, Ali Khalpey, EFG Hermes Frontier CEO, joined by Geoffrey Odundo, CEO of [...]IBM Cloud to Accelerate Cooperative Bank of Oromia’s Digital Transformation
IBM (NYSE: IBM) has announced that Cooperative Bank of Oromia has turned to IBM for transformation of its core banking, middleware and database infrastructure to help manage its operations and [...]Ringier One Africa Media in Merger deal to create Africa’s largest Classifieds Group
Ringier Africa and One Africa Media (OAM) have signed a merger to create ROAM (Ringier One Africa Media), which aims to be Africa's largest classifieds group. The new company (ROAM) [...]CapitalWorks Completes Acquisition of Aon stakes in Sub-Sahara Africa, rebrands to Minet Africa
Private equity firm, CaptalWorks, has completed the process of acquiring Aon’s shareholding across certain sub-Saharan operations and will now be operating as Minet Africa. The transaction spans across 10 countries [...]Johannesburg Stock Exchange launches Green Bond segment to fund low carbon projects
Johannesburg Stock Exchange has launched a Green Bond Segment which will provide a platform for companies and other institutions to raise funds ring-fenced for low carbon initiatives and investors to [...]Actis ranked 23rd out of the Top 50 World’s Largest Infrastructure Investors
Actis one of the leading investors in growth markets across Africa, Asia and Latin America was ranked 23rd, up from 50th position in 2016, in Infrastructure Investor’s ranking of the [...]Moody's downgrades Nigeria to B2; Stable Outlook
Moody's Investors Service has downgraded the Government of Nigeria's long-term issuer and senior unsecured debt rating to B2 from B1 and the senior unsecured MTN program rating and the provisional [...]U.S. Government and Côte d’Ivoire Sign $525 Million Deal
The U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of the Republic of Côte d’Ivoire on November 7, 2017 signed a five-year, $524.7 million compact to spur economic growth [...]
