FactSet expands Africa operations, opens office in Johannesburg
FactSet, a global provider of integrated financial information has opened a new office in Johannesburg as it seeks to grow presence in Africa. The new office will serve the Company’s [...]
Barclays PLC reduces ownership in Barclays Africa By 33.7% in overnight bookbuild
Johannesburg, 1 June 2017: Barclays Africa Group Limited has announced the completion of South Africa’s largest bookbuild in South African Rands, Barclays PLC has sold 33.7% of Barclays Africa’s issued share capital [...]World Bank Supports Rwanda Road Development with $81m credit
The World Bank has approved a $81 million International Development Association (IDA)* credit to support Rwanda’s transport sector. The Lake Victoria Transport Project (LVTP) will help improve the efficient and safe [...]RwandAir Acquires Fourth Boeing 737-800 aircraft
RwandAir, the national carrier of the Republic of Rwanda, has acquired another brand new state of the art Boeing 737-800 Next Generation aircraft equipped with inflight connectivity. The new aircraft landed in [...]Egypt plugs Financing Gap with $3 billion Eurobond sale
Reuters Egypt raised $3 billion in a Eurobond sale on Wednesday, about twice as much as targeted and at lower cost than when the same bonds were first sold in [...]Africa remains world’s second-fastest growing region
In 2016, Africa as a whole maintained its position as the world’s second-fastest growing economies behind South Asia, according to data released by the African Development Bank during the Group [...]Equity Bank Shuts Down Seven Branches in South Sudan, declares it Dormant
Equity Bank (EQTY) has revealed that it has reduced the number of branches in its South Sudan business from twelve to five citing a challenging business environment brought about by the devaluation [...]General Electric opens new offices in Ethiopia
General Electric, the world’s leading digital industrial company consolidated its footprint in Africa with the official opening of GE Ethiopia new offices in Addis Ababa. The newly inaugurated facility has [...]Tanzania Uganda Sign 1403Km Crude Oil Pipeline Deal
Tanzania and Uganda have put pen to paper, for the construction of a 1,403-kilometre pipeline for transporting crude oil from Hoima to Tanga Port in Tanzania. Presidents John Magufuli and his [...]Uganda, Rwanda Kenya Among Africa's top performers on visa openness
The African Development Bank, in collaboration with the African Union Commission and the World Economic Forum has launched the second edition of the Africa Visa Openness Index which measures how open African countries [...]Vodacom Tanzania Profit Up 60% on M-Pesa Data Business
Vodacom Tanzania posted a net profit for the financial year ended 31 March of TZS 47.6 billion thanks to M-Pesa revenue growth and data business, according to Daily News. In [...]Going Cashless in Cameroon Made Easy with Launch of the UBA Debit Mastercard
(Press Release) United Bank for Africa (UBA) today announced the rollout of the Debit MasterCard card in Cameroon in support of financially empowering all citizens. Focused on displacing cash, the [...]
