Regional Fixed Income Exchange EABX Secures Regulatory Approval for OTC Operations
EABX PLC (EABX), the East African regional Fixed Income Exchange, has regulatory approval from the Capital Markets Authority to establish and operate an Over-the-Counter (OTC) securities exchange. As a company, [...]
SafeBoda Makes a Comeback in Kenya
Ugandan mobility startup SafeBoda will resume operations in Kenya on February 5 2024 pausing operations in the country since November 27th 2020. Despite making significant strides in the market, the [...]
Uganda Speeds Up Aviation Law Changes to Fix Gaps
Uganda is speeding up amendments to its aviation laws to fix significant gaps identified in a September 2023 audit, its parliament said in a statement on Tuesday 30th Jan. While [...]Is Voice Biometrics in South Africa's Banking Sector Secure Enough?
By iiDENTIFii Apart from going into a branch, calling a bank feels more human for digital-shy consumers. For many, it is the first port of call for making account changes [...]Ghana's New US $1.98bn Refinery Starts Operations
Ghana's new refinery in Tema, a city on the Bight of Benin, begun operations this week, after it was officially commission by the country's president Nana Akufo-Addo on Thursday, 26th [...]Verdant Capital Completed 18 Transactions in 2023
Verdant Capital completed 18 transactions in 2023, the Pan-African investment bank and investment manager has said in a statement. These investments included investments in LOLC Africa, the African operation of [...]Ethiopia Issues Licensing Directives for Capital Market Service Providers
Ethiopia has issued a legal directive that will govern the licensing of capital market service providers as the nation seeks to consolidate the securities and exchange sector. The directives came into [...]
UK to Guarantee AfDB's $59mn Loan to Upgrade Kenya's Power Transmission
The African Development Bank (AfDB) and the United Kingdom (UK) have announced the selection of Kenya's$116mn Transmission Network Improvement Projectas a beneficiary project under the Room to Run Sovereign transaction [...]Kenya Mulls Debt Swap Ahead of $2 Billion Eurobond Debt Deadline
Kenya's Government is said to be in talks with interested parties that will see Nairobi strike a deal that will allow it to channel funds into social projects. With the [...]
AfDB to Invest USD 10.5mn in Seedstars Africa Ventures
The African Development Bank (AfDB) is set to invest USD 10.50MN in Seedstars Africa Ventures S.L.P. venture capital fund, after the bank's board approved the decision on Wednesday Jan 17th. [...]Microsoft to Scale up M-Pesa Services in New Deal with Vodafone
The companies have identified Generative AI, Scaling IoT, Enterprise growth, cloud transformation and Africa Digital Acceleration as five key areas of collaboration.Showmax Unveils New Packages, Including Kshs 500 Premier League Service
South African streaming service Showmax has introduced cheaper entertainment and content packages, as well as new services. By the end of 2023, Showmax surpassed other major streaming services, attaining 40% [...]
