Alibaba Partners with Nigerian Logistics Firm Kwik, to Offer Special Rates
Ecommerce giant Alibaba has partnered with Nigerian digital platform for logistics services Kwik to support Nigerian exporters with access and special rates. “We are excited to partner with Kwik by [...]
Uganda Set to Renationalise Power Distribution With Umeme Exit
The state-owned Uganda Electricity Distribution Company Ltd (UECDL) is set to take over power distribution early next week from Umeme Ltd. According to the concession terms, the company is going [...]
Somalia Joins Afreximbank as it Seeks to Boost Economic Growth
Somalia has become the 53rd country to join the African Export-Import Bank (Afreximbank) after signing the Establishment Agreement of the multilateral bank. By joining the Bank, Somalia embarks on a [...]Ethiopia Issues First Investment Bank, Securities Dealer Licenses
Ethiopia's capital markets regulator has licensed the first two investment banks-CBE Capital S.C. and Wegagen Capital S.C.-,as well as three other licenses as part of the country's ongoing financial reforms. [...]Ugandan Lawmakers Approve Military Deployment to South Sudan Amid Rising Instability
Uganda's Parliament has approved the deployment of its military forces to South Sudan following a request from President Salva Kiir to help quell escalating violence in the Upper Nile State. [...]
Google Expands Hustle Academy, Bets on AI to Boost Small Businesses
Global tech giant Google is doubling down on Africa’s small business sector with the 2025 edition of its Hustle Academy—an initiative designed to equip entrepreneurs in Kenya, Nigeria, and South [...]EU Sanctions Rwandan CEO, Gold Refinery, Over DRC Conflict
The CEO of Rwanda's mining regulator is among nine individuals and one company that have been added to European Union (EU) sanctions over the ongoing conflict in eastern DRC. Altogether, [...]Ethiopia Secures AfDB Backing for US$7.8bn Mega Airport
Ethiopia is taking a major step toward its ambitious goal of becoming Africa’s leading aviation hub after signing an agreement with the African Development Bank (AfDB) to support the construction [...]Southern Africa Bloc Withdraws Troops from DRC
The Southern African Development Community (SADC) will withdraw its peacekeeping troops from the eastern region of the Democratic Republic of Congo (DRC), opting instead to push for a diplomatic and [...]IGAD Calls for Ceasefire, Release of Detained South Sudan Officials, as Conflict Escalates
An extraordinary summit of IGAD Heads of State and Government on South Sudan wants the government of Africa’s newest nation to release detained officials as part of the solutions to stabilize the country. [...]Equator VC Raises US$55mn to Finance African Climate Tech Startups
Venture capital firm—Equator—has closed a US$55 million fund aimed at financing early-stage climate tech startups in Africa, a sector that has long struggled to attract private capital. “We are needed [...]MTN Uganda Under Sylvia Mulinge: Earnings Surge, Dividends Rise, Stock Gains 85%
Last week, MTN Uganda posted impressive financial results for the full year 2024, marked by strong growth in service revenue, higher earnings per share, and a substantial dividend increase. MTN [...]
