For the First Time, Microsoft will Deliver Cloud Services from Datacenters in Africa
Microsoft has revealed plans to deliver the complete, intelligent Microsoft Cloud for the first time from datacentres located in Africa. This new investment is a major milestone in the company’s [...]
Anheuser Busch InBev SA is mulling over disposing its 70% stake in Zambia's National Breweries
Anheuser- Busch InBev SA, the world's largest brewer is considering selling its 70% majority stake in Zambian company, National Breweries Plc. National Breweries Plc is listed in Zambia's Lusaka Securities [...]Emirates Investment House Acquires Botswana's BCL Mine Ltd in a deal worth $1
Reuters Botswana's government has offered its state-owned BCL Mine Ltd to the Emirates Investment House (EIH) for a token price of $1 in a deal that will result in [...]Airtel's Africa Business Reports Positive Profit for the First Time Ever
Indian telecommunications company Bharti Airtel has reported a profit of $6 million from African operations for the fourth quarter from a loss of $57 million a year ago, on the [...]Kenya's CBA Group To Acquire Crane Bank Rwanda
According to Rwandan publication The New Times', Kenya's Commercial of Africa (CBA Group) is at an advanced stage of acquiring Crane Bank Rwanda and the deal is expected to be completed in a few days. The [...]Opera Software Opens Kenya Nigeria Offices, Pumps $100M to grow African digital economy
Opera, the developer of the most popular mobile browser in Africa, has announced plans to open offices in Kenya and Nigeria as it invests $100 million (10.3 billion Kenyan Shillings) over the [...]EY attractiveness Report; Kenya's 2016 FDI Projects Down 58%
According to the 2017 Ernest Young attractiveness report, Africa's key hub economies; South Africa, Nigeria, Kenya, Egypt and Morocco remain the continent's top recipients by FDI projects. Collectively, these markets [...]More funding required to accelerate Africa's development- AfDB
The African development bank is leading the African Union in mobilizing domestic resources required to execute the Bank’s five developmental priorities dubbed the ‘High 5s’. The financing gap to meet [...]2017 African Banker Awards Nominees; Kenya, SA, Morocco Nigeria Dominate
The African Banker Magazine has revealed the nominees for the ten categories in the 2017 African Banker Awards. The awards recognise top-ranking individuals and institutions setting new benchmarks for performance and pushing the boundaries [...]Ecobank to shut branches, cut jobs across 40 African Countries
According to Reuters, Pan African lender Ecobank plans to shut down a number of branches and cut jobs as it focuses on digital platforms. The bank operates in nearly 40 countries across Sub-Saharan Africa [...]Egypt to Develop World's First Gold Mining City in the Suez Canal
Egypt is developing a major gold mining city in the Suez Canal with the hopes of boosting a centuries-long industry and luring billions of dollars in foreign investments. Wael Soliman, [...]Former CEO of Air Zimbabwe Jailed for 7 Years for swindling $10M
A high court in Zimbabwe has ruled that the former CEO and company secretary of Zimbabwe's national carrier, Peter Chikumba and Grace Pfumbidzayi will each serve seven-year jail imposed on them for [...]
