Turkish Airline AJet Expands Network with New Routes to Egypt, Saudi Arabia
AJet, the low cost subsidiary of Turkish Airlines, has announced the launch of new routes to Egypt and Saudi Arabia, the Turkish airline said in a statement on Thursday. Since [...]
Ethio Telecom to Kickstart Ethiopian Securities Exchange with 10% Listing
Ethio Telecom will be the first company to list on the Ethiopian Securities Exchange (ESX), the country's new bourse kicks off next week. Ethio Telecom enjoyed a virtual monopoly until [...]
US President Biden Postpones Angola Trip
US President Joe Biden has postponed his planned visit to Angola, which would have been his first and last trip to the continent. In a statement, White House said that [...]European Union Extends Sudan Sanctions to 2025
The Council of the European Union has voted to extend the sanctions on six Sudanese nationals and nine entities until October 2025, the regional decision making body said in a [...]Demand for Startups' Reports by Investors Grows by 20% Amidst Cash Crunch
A survey done on investors and startup founders by Wimbart reveals that in 2024, 88.9% of investors determine the quality of African startups by the depth and regularity of their [...]Ecobank Sierra Leone and British Govt's Investment Firm Sign $25mn Deal to Boost Private Sector
The British International Investment (BII), the UK's development finance institution has signed a $25mn risk sharing deal with Ecobank's unit in Sierra Leone. This further strengthens our intent to be [...]Ethiopia Replaces President Sahle-Work Zewde with Foreign Minister Taye Astike
Ethiopia has replaced Africa's second most-populous first female President Sahle-Work Zewde with the country's foreign minister Taye Astike Selassie, 68. Ethiopia is in an economic crisis with multiple internal crisis, [...]Angola's Investment Windfall Continues Ahead of Biden's First and Last Visit to Africa
Angola's investment windfall has continued, as multiple lenders and companies announce they will either expand or make investments in the country. We see great opportunities to acquire mature assets in [...]Afreximbank Approves US$20.8mn for Nigeria's Starlink Global
The African Export-Import Bank (Afreximbank) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global Ideal Limited to construct and operate a 30,000-metric tonne per annum cashew processing [...]
UAE Invites United Nations to Investigate Attack on Diplomat's Residence in Sudan, as Conflict Escalates
The United Arab Emirates (UAE) has insisted that the Sudanese army attacked its ambassador's residence in Khartoum and caused extensive damage to the building and surrounding area. Al Jaberi, who [...]Kenya’s Economic Growth Slowed Down to 4.6%, a Two-Year Low, in Q2
Kenya's economic growth rate fell to a 2-year low, expanding 4.6% in the second quarter of 2024, down from 5.6% in the same period in 2023. The manufacturing sector’s real [...]African Finance Corporation Issues US$500mn Eurobond Listed on LSE
The African Finance Corporation (AFC) has successfully issued a US$500mn 144A//Reg S Eurobond on a five year bond, issued at par with a coupon of 5.55%. “The significant oversubscription and [...]
