Helios and Vitol Group to buy Shell’s 20% stake in Vivo Energy for $250M
Africa-focused private investment firm, Helios Investment Partners LLP and trading commodities company, Vitol Group, are set to buy Shell’s 20 percent equity in Vivo Energy. This $250 million deal is [...]
2017 Sub-Saharan African Countries Entrepreneurship Ranking
Botswana is the most entrepreneurial country in Sub-Saharan Africa In a recent dubbed Global Entrepreneurship Index 2017 report, Botswana has been ranked as the best performer in Sub-Saharan Africa in entrepreneurship with a GEI [...]CBA Group to operate in Rwanda as a Micro-finance Institution
Rwanda's Central Bank has announced that it is in the final stages of licensing a Kenya's Commercial Bank of Africa (CBA) to operate in the country as a micro-finance institution. CBA [...]Kenyan Stocks among Franklin Templeton Top Holdings in latest fillings
One of the world's largest asset management firms with over $763.9 billion in assets under management, Franklin Templeton, has released new information about its african fund portfolio being managed by Emerging markets guru [...]MPESA hits 280,000 Users in Ghana
In December 2015, Vodafone launched its mobile money scheme M-Pesa in Ghana under the brand Vodafone Cash', since its launch the service has attracted about 280,ooo users as of September, according [...]Cisco Projects Middle East and Africa Cloud Data Center Traffic to Grow 440% by 2020
In Middle East and Africa, cloud data center traffic will grow 4.4-fold by 2020 to reach 304 Exabytes per year, at a CAGR of 34% from 2015 to 2020 according [...]2016 was a tough one for those doing business in Africa
Africa is the most exciting continent on the planet Former British Prime Minister Tony Blair. Indeed, 2016 has been a tough one for those doing business in Africa. Average economic growth across [...]Kenya Power to connect Internet cables to 840 homes across seven towns
Kenya Power has announced that it will from February 2017 start connecting homes in seven towns across the country to its fibre network to test the viability of the fibre optic cable business. [...]AfDB Increases Stake in Shelter Afrique to 22.7pct with USD8.2M injection
Africa Development Bank (AfDB) on Friday signed an agreement to increase its shareholding in Pan-African housing finance institution Shelter Afrique by USD 8.2 million. The new capital subscription now increases AfDB’s [...]Afreximbank says its closing in on setting up regional HQ in Nairobi
According to the Business Daily, Kenya will in a few days sign a deal to pave way for the setting up of a Sh3 billion regional headquarters by the African Export Import [...]Econet buys ailing Ghanaian, Nigerian Ugandan TV channels, closing in on another in Tanzania
Econet Media, the entertainment subsidiary of African telecoms group Econet Wireless recently announced the conclusion of a deal that will see it take over Viasat 1 a Ghanaian free-to-air terrestrial channel. [...]Tanzanian listed gold mining company moves to deepen operations in Kenya
Tanzanian listed gold mining company, Acacia Mining has announced that it will likely deepen its operations in Kenya in order to increase its output. The company’s Chief Executive, Brad Gordon said [...]
