The 752Km Ethiopia Djibouti railway officially opened
The new 752km Railway linking Ethiopia’s capital Addis Ababa, with the Port of Djibouti has officially been opened in the presence of Djibouti’s President Omar Guelleh, and Ethiopia’s Prime Minister Hailemariam [...]
Africa Finance Corporation plans to issue first USD denominated Sukuk
(Reuters) Africa Finance Corp, a pan-African multilateral institution based in Nigeria, is likely to make a debut U.S. dollar sukuk issue by early February according to sources at the bank. [...]Java House Opens its first outlet in Kigali, Rwanda
Kenya's leading chain of coffee shops, Java House has announced the opening of its first outlet in Kigali, Rwanda situated at Kigali Heights, next to Kigali Convention Centre. The Rwandan shop [...]Remittance by Ugandans in diaspora increased by 16% in 2016 BOU
According to data from the Uganda's Central Bank (BOU), remittance inflows from Ugandans working and living in diaspora increased by 16 per cent in 2016 to defy the soft state [...]Nigeria's lower house votes to offer asylum to Yahya Jammeh if he steps down
Nigeria's lower house voted on Thursday to offer Gambian President Yahya Jammeh asylum if he steps down, lawmakers said. The House of Representatives approved a motion to authorise President Muhammadu [...]Nigerian Govt to raise $300 Million through diaspora bonds
The Nigerian govt has announced plans to issue a $300 million diaspora bond by March 2017. According to Ventures Africa, proceeds from the bond willbe used for budgetary support. The bond [...]Ivory Coast's Ouattara names new government with few changes
Ivory Coast President Alassane Ouattara named a new, slightly smaller government on Wednesday, though there were few changes to major positions, according to a statement read on state-owned television. The [...]Iraq to export 1M oil barrels a month to Egypt
An agreement signed between the Egyptian government and its Iraqi counterpart to supply Egypt with 1m barrels of Basrah Light crude oil per month with facilitated payment terms will come [...]Ghana President Picks Investment Banker as Finance Minister
President Nana Akufo-Addo on Tuesday announced the appointment of 57-year-old investment banker,Ken Ofori-Atta as finance minister as the new government seeks to reignite growth in a nation facing stubbornly high [...]Donald Trump Will be attending Nigeria's Oil Roadshow
The new president-elect of the United State of America, Mr Donald Trump, will be attending a roadshow being organised by Nigeria in order to attract investment to the country's oil [...]Kenya Airways interested in acquiring Minority stake in Air Madagascar
Kenya Airways has expressed an interest in acquiring a 49% stake in the struggling Air Madagascar. According to the Business Daily, the management of Air Madagascar had revealed that Kenya Airways, Air Austral, Ethiopian [...]86 Tanzania-based telcos mum on DSE compulsory listing
Eighty-six telcos required to list on the Dar es Salaam Stock Exchange (DSE), the Tanzania Communications Regulatory Authority (TCRA) had not responded by yesterday. Only three firms – Vodacom Tanzania, [...]
