Magufuli asks Turkey's Erdoğan for Financial Support for SGR
Tanzanian president John Magufuli has asked visiting Turkey leader Recep Tayyip Erdoğan to support the country with a loan through Exim Bank of Turkey to help in finalizing the construction of [...]
146 African tech startups raised US$129 million in 2016
According to a recent report by Disrupt Africa, about 146 African tech startups raised funding in excess of US$129 million in 2016. The number of startups securing funding was also up by [...]Nigeria South Africa Central Banks Retain Rates
For the second time in four months, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) decided on Tuesday to hold benchmark interest rates at 14 percent. Godwin Emefiele, [...]Gambia's Central Bank accounts intact President's Spokesman
By Reuters; Gambia's central bank deposits are intact, a spokesman for President Adama Barrow said on Monday, a day after the new leader had said there was no money left [...]Tanzania Govt To Merge All Pension Funds
Tanzanian government is currently in the final stages of merging all pension funds in the country in a bid to reduce their number and operating costs according to Daily News Tanzania. There are about seven [...]Africa accounts for only 9.3% of the total internet users in the World
The Internet is one of the most important enablers of social development and education. While Internet services have been quite phenomenal in the rest of the world, access to the [...]Africa, Trump, infrastructure
The Trump policy towards Africa will not be clear for several months at least, if we are to judge by the time it has taken past administrations to put their [...]Chinese Bus Maker Eyes to Establish Stronghold in Tanzania Market
Chinese vehicle manufacturer King Long has formally started the importation of its buses into the Tanzanian market through an agent Pwani Motors Limited. We conducted a study before bringing the [...]Africa’s biggest company to partner with telcos to boost mobile videos
Naspers Ltd., Africa’s biggest company by market value, is seeking partnerships with mobile-phone operators on the continent to boost its video-on-demand business and help compete with U.S. giant Netflix Inc. [...]Bharti Airtel considering mergers or stake sales in Some African units
Bharti Airtel Ltd., India’s largest mobile-phone operator, is considering mergers or stake sales at some of its Africa operations as it looks to cut debt and make its biggest overseas [...]AfDB signs $151M loan for Uganda-Rwanda Highway construction
The African Development Bank (AfDB) has signed loan agreements of $151 million to finance the construction of the of the 23.7-kilometre four-lane express highway linking Uganda to Rwanda. The Multinational Highway will be able to [...]Emirates to introduce third daily flight between Dubai and Nairobi in June
World's largest international airline Emirates has announced that it will introduce a third daily flight between Dubai and Kenya’s capital Nairobi from 1st June 2017. The additional flight will increase the [...]
