Interview: Opportunities and Expectations for 4th AmCham Business Summit
The upcoming 4th AmCham Business Summit, slated for April 24th and 25th in Nairobi aims to bolster trade and investment ties between the U.S. and East Africa. Additionally, the U.S. [...]
Nation Media Group Sinks into KSh 205.7 Mn Loss
Kenya’s largest media house, Nation Media Group, has announced a loss of KSh 205.7 million in the full year 2023, from KSh 318.5 million profit in 2022. “As we embark [...]African Tech Ventures Invited to Apply for the Investment Showcase at the 8th Africa Tech Summit London
Africa Tech Summit (ATS) London, the leading tech conference that drives business and investment opportunities across the continent, will host its eighth edition on June 7th, 2024, at the London Stock [...]Vodacom Tanzania Purchases 100% of Smile Communications' Shares
Vodacom Tanzania PLC has acquired broadband internet provider, Smile Communications, after purchasing all its shares to a tune of US$ 27.4 million. In 2022, Smile Communications was salvaged from financial [...]
Kenya Ranks 4th in Africa for High Net-Worth Individuals
Kenya has been ranked after South Africa, Egypt and Nigeria as African countries with the highest number of millionaires. Egypt, which is second in the continent, has 15,600 millionaires, 52 [...]Zimbabwe Orders Starlink to Disconnect Services Amidst Regulation Hurdle
Starlink users in Zimbabwe received an e-mail from the internet provider on Friday April 12 informing them that its services were no longer available in the country in line with [...]Verod-Kepple Ventures Raises US$60 Million
African startups transitioning from Series A to Series B funding rounds will have an opportunity to attract investment this year after VC-firm Verod-Kepple Africa Ventures (VKAV) closed its first fund [...]Ethiopia's Ministry of Foreign Affairs Refutes Reports of Joining EAC
Earlier this week, Kenya’s CS for the East African Community (EAC), Arid and Semi-Arid Lands Penina Malonza stated that Ethiopia will soon be joining the regional bloc a development [...]
Female Startup Founders Scoop US$ 400,000 Grants at FINCA Ventures Awards
Finca Ventures has scaled up its investment commitment in Africa after awarding grants to several startups that competed in its inaugural competition held on Mar 28 2024. We made the [...]Huawei Cloud Pledges US$ 10 Million to Support Nigerian Startups
Huawei Cloud has launched a two-year initiative that will see the company allocate US$ 10 million for middle and early-stage startups in Nigeria, hoping to create its ecosystem of innovators. [...]Bank of Uganda Hikes Benchmark Rate to 10.25%
The Bank of Uganda’s Monetary Policy Committee (MPC) has raised the Central Bank Rate(CBR) to 10.25% at its April meeting. In a statement, the Bank of Uganda said while recent [...]
AFRAA Projects African Airlines to Carry 98 Million Passengers in 2024
African Airlines Association (AFRAA) estimates that passenger traffic carried by African operators in 2024 will be about 98 million, as air travel rebounds past impacts of the COVID-19 pandemic. In [...]
