Bank One Ltd Mauritius Exhibits Impressive Growth as it Marks 15 Years
Over the past 15 years of operations, Bank One, a commercial bank based in Mauritius, has seen its assets grow 10 fold, driven by accelerated customer growth. In 2008, Nairobi [...]
Qatar Airways Announces 11 Weekly Flights from Doha to Entebbe
Qatar Airways has increased its flight frequency from Doha to Entebbe, Uganda, from a daily service to 11 weekly flights, with effect from 1st August to 30th September. “The increased [...]Ethiopia Sets Maiden Interest Rate at 15%, Introduces Overnight Lending
The National Bank of Ethiopia (NBE) has set its initial policy interest rate at 15 percent, setting the rate by accounting for inflation, low base money growth, and a marked [...]Nigerian Fintech Africhange Launches in the UK
Payments services provider, Africhange, has launched operations in the United Kingdom seeking to capitalize on the rising demand for a convenient remittances platform in the UK-Nigerian corridor. Africhange’s entry into [...]Final Repose for Tanzanian Telco as State Authority Liquidates Assets
After more than a decade of operations, Tanzanian telecommunications company Sasatel' has bowed out after the country's Registration, Insolvency and Trusteeship Agency (RITA) announced the liquidation of its assets. The [...]Moody’s Corporation Fully Acquires Global Credit Ratings
Moody’s Corporation has fully acquired Global Credit Rating (GCR), a leading credit rating in Africa, accounting for most of the ratings issued in the region. “Moody’s is excited to deepen [...]What a Single African Air Transport Market Means for African Airlines
The Single African Air Transport Market (SAATM) is a flagship project of the African Union Agenda 2063, an initiative of the African Union to create a single unified air transport [...]Kenyan Startups Lead in H1 Raise, Overall Funding Declines by 31%
A report from Africa: The Big Deal' has indicated that African startups raised US$ 780 million in H1 2024, a slump of 31% compared to H2 2023 signalling the [...]African Airlines' Profits to Hit US$ 100 Million in 2024
Recently IATA announced that Africa’s airlines are expected to earn a collective net profit in 2024 for the second year in a row, reflecting the sector’s resilience in its post-COVID [...]M-Pesa Seeks Inroads into Ethiopian Market after Deal with Dahabshiil
Ethiopians living in the diaspora can now send money directly to M-Pesa digital wallets after the entity signed a deal with money transfer firm, Dahabshiil, in Addis Ababa. We are [...]Uganda Reinstates 25% Import Duty on Electric Vehicles
Uganda has increased import duty from nil in the previous financial year to 25 per cent on fully electric vehicles, hybrid vehicles, and electric motorcycles. On the other hand, companies [...]Zambia Airways Resumes Flights to Tanzania
Zambia Airways has resumed its direct flights from Lusaka, Zambia to Dar es Salaam, Tanzania after a sixteen-year hiatus, seeking to boost trade and the tourism sector for the two [...]
