Nakumatt Taken To Court By Its Uganda Landlords Suppliers
According to The East African, some of Nakumatt's Ugandan suppliers and landlords have gone to court claiming over US$ 0.5 Million from the troubled retailer. Three plaintiffs; Mpororo Group Ltd, Bright [...]
South Africa downgraded by Moody's, maintains Investment Grade level.
(Brief) London, 09 June 2017 — Moody’s Investors Service today downgraded the long-term issuer and senior unsecured ratings of the Government of South Africa to Baa3 from Baa2 as well [...]Fastest Mobile Internet Connections in Africa 2017
According to OpenSignal, the fastest mobile network internet connections in Africa are in South Africa, Ivory Coast, Morocco, Tunisia, and Kenya as of February 2017. Overall speed that users in each country [...]AfDB to work with African Central Banks to increase national savings
The African Development Bank (AfDB) and the Governors of Central Banks in Africa have resolved to strengthen cooperation on a range of issues to curb illegal financial outflows, bolster measures [...]Afreximbank closes record $632.9M €499.6M syndicated loan
The African Export-Import Bank (Afreximbank) has successfully closed a record $632.9 million and Euro 499.6 million dual-tenor dual-currency syndicated term loan facility. Afreximbank announced in Cairo that the general syndication [...]Ethiopian Airlines Named Africa's Best Airline For the 2nd Year Running
For the second year in a row, Ethiopian Airlines has been named 2016's African Airline of the year at the 26th Annual Air Finance Africa Conference and Exhibition held in Johannesburg, [...]Oman Trading Enters East Africa After 40% Acquiring 40% In Hass Petroleum
(Press Release) Oman Trading International (OTI) has acquired a 40 percent stake in Hass Petroleum Group, a leading oil marketing company with significant presence across the African markets. In the deal, OTI [...]Top 10 Largest Infrastructure Projects in East Africa
According to a recent report by Deloitte dubbed Africa Construction Trends 2016, Kenya with 11 projects, has the greatest number of large infrastructure projects in East Africa, accounting for about [...]AfDB Japan Sign US$ 300 Million Loan to support Africa's Private Sector
The African Development Bank (AfDB) and the Government of Japan (GOJ) have signed an agreement for a US $ 300 million facility under the joint initiative titled Enhanced Private Sector [...]Kenya Airways Resumes Cairo Flights After Codeshare Agreement With EgyptAir
The country's national carrier Kenya Airways and EgyptAir, the national flag carrier of Egypt have signed a codeshare agreement to provide travellers with enhanced connections between Cairo and Nairobi. The two [...]MTN To acquire MultiChoice Africa – owners of DSTV GoTV
South African Nigerian media is reporting that Telecoms giant, MTN is edging towards making an official announcement on plans to acquire MultiChoice Africa; the owners of DSTV and GOTV. Headquartered [...]South Africa's Vodacom shareholder PIC to back Safaricom deal
JOHANNESBURG, June 2 (Reuters) South African telecoms operator Vodacom Group said on Friday its second biggest shareholder, the Public Investment Corporation (PIC), will vote in favour of its 34.6 [...]
