Vodacom Tanzania IPO fully subscribed, foreign investors buy 40%
Vodacom Tanzania says it has sold all the 560 million shares on offer in its initial public offer, with 40 percent bought by international investors. The offer raised 476 billion Tanzanian shillings [...]
Egypt's Inflation hits 33%, Highest rate since 1986
Egypt's headline inflation rose from 29.8 percent in June to 33 percent in July its highest figure since June 1986. In order to meet the term of the $12 [...]AfDB signs US$ 78 million Grant with Somalia South Sudan to Fight Hunger
The African Development Bank (AfDB) has signed tripartite grant agreements of US$ 34.8 million and US$ 43.8 million with the Republic of Somalia and the Republic of South Sudan respectively [...]Barclays Africa Half Year 2017 Earnings Report
Barclays Africa Group Limited has reported its financial performance for the first half of the year, demonstrating continued resilience in a deteriorating economic environment in South Africa, its largest market. [...]African tourists emerge as powerhouse for tourism on the continent UNCTAD
Four out of 10 international tourists in Africa come from the continent itself, according to a recent report by UNCTAD. In sub-Saharan Africa, this number increases to two out of every [...]Alibaba's Jack Ma Sets Up $10M Fund to Invest in Young African Entrepreneurs
Alibaba founder and executive chairman Jack Ma has announced he has set up a US$10 million fund to invest in tech business owned by young african entrepreneurs. Ma made the announcement during [...]Sub-Saharan Africa Hits 420 Million unique mobile subscribers
According to a recent report by GSMA, there were 420 million unique mobile subscribers in Sub-Saharan Africa as at the end of 2016, equivalent to a penetration rate of 43%. [...]Vodacom SA shareholders vote to acquire 35% Safaricom Stake
The proposed acquisition by Vodacom Group of an effective 35% stake in Safaricom, Kenya’s leading integrated communications company, has cleared an important hurdle after Vodacom minority shareholders overwhelmingly voted in [...]Ethiopia earns $866m from coffee export
Ethiopia earned 866 million USD exporting 221,000 tons of coffee during its last fiscal year. According to Ethiopian Coffee Tea Development and Marketing Authority, it has accomplished 92 per [...]Total and Worldline Partner with African Fintech InTouch to support Digital Solutions for Retail Networks
Paris July 24, 2017 Total and Worldline [Euronext:WLN] signed binding technological, commercial and financing agreements with African fintech InTouch on July 13, 2017. Under the agreements, Total and Worldline [...]Uganda to Implement Bus Rapid Transit System (BRTS) in Kampala
In order to relieve the traffic mess in Kampala, Uganda is preparing to implement its first bus rapid transit (BRT) system in the capital city. According to Tanzanian Newspaper The [...]Sub-Saharan Africa accounts for Over half of Global mobile money schemes
Sub-Saharan Africa accounts for more than half of all mobile money deployments worldwide and is pioneering a range of new mobile money use cases, according to new GSMA data. The [...]
