Central Bank Kenya Website Wins Global Award
Central Bank of Kenya has received Website of the Year Award following an overhaul of its website as the institution celebrated its fiftieth anniversary in 2016. The annual awards which are organized [...]
Uganda Central Bank cuts rate by another 50 Bps
Uganda's central bank on Wednesday cut its key lending Rate (CBR) by another 50 basis points to 11.5 percent, saying a further cautious easing of monetary policy is warranted to support economic [...]Nigeria Lost $100Bn in revenue Due to Niger Delta Attacks
Nigerian Government has announced that it lost out about $100 billion in revenue last year due to low production as a result of militant attacks in the oil-rich Niger Delta region. [...]Angola has again overtaken Nigeria as Africa's largest oil producer
Nigeria has again lost its place as the top oil producer in Africa after Angola overtook it according to the monthly report released by the Organisation of Petroleum Exporting Countries [...]Rwanda sets IM Bank IPO at USD 0.11 per share
The Rwandan Government on Tuesday launched the offer for the sale of its 19.81 percent stake in IM Bank (Rwanda) through an Initial Public Offer priced at Frw 90 ($0.11, KSh11.20)) per share. The [...]Uganda Awards Chinese firm $2.3B contract to build SGR connecting to Kenya
Ugandan Government has awarded a Chinese company by the name China Harbour Engineering Company (CHEC) a $2.3 Billion contract to build the section of the railway track connecting its capital city of Kampala [...]Tanzania regulator suspends online TV broadcasters
Tanzania Communications Regulatory Authority (TCRA) has ordered Michuzi TV, AYO TV and Global TV to stop online broadcasting (through Youtube) until regulations for digital television broadcasters are ready. “According to section 13(1) [...]EAVCA Appoints New Management
East Africa Private Equity and Venture Capital Association (EAVCA) has announced the appointment of Eva Warigia and Esther Ndeti as the Co-Executive Directors to assist the association’s outreach in advocacy, intelligence, networking and [...]Nigeria's Eurobond Oversubscribed by A Massive 780%
Nigeria's Federal Government last week announced that its $1 billion Eurobond was over-subscribed by 780% at a decent yield of 7.875%. The massive oversubscription was a clear signal of high investor confidence [...]EU pledges $80M aid to Gambia after two-year suspension
BANJUL (Reuters) The European Union pledged 75 million euros ($80 million) on Thursday to Gambia's new government, two years after suspending aid due to human rights abuses by former [...]Ethiopian Airline's 2016 revenue Up 10.3% to $2.4Bn, Net profit Up 70% to $265M
Sub-Saharan Africa's largest carrier, Ethiopian Airlines has reported that its revenue for the full year 2016 spiked by 10.3% to a record $2.43 Billion while Net profit jumped by a massive 70% to $265 Million. [...]Rwanda Govt to sell 20pc stake in IM Bank via IPO
The Rwandan government plans next week to sell its 20 percent stake in IM Bank operations in Rwanda, with the aim of raising 11.5 billion francs ($14.1 million), a minister [...]
