Shell to Sell Nigerian Onshore Assets for USD 2.4bn
British multinational oil and gas company Shell has decided to sell The Shell Petroleum Development Company of Nigeria Limited (SPDC) to a consortium comprising mostly local energy players. The SPDC [...]
Pesapal Adds Digital Tipping Option
Hospitality and retail service providers can now receive tips from customers through digital payments transacted through Pesapal, according to a statement by the fintech company on Tuesday 16th Jan. The [...]
Kenya-Tanzania Lock Horns Over Aviation Rights
Diplomatic relations between Nairobi and Dar es Salaam are once again under strain following a decision by the Tanzania Civil Aviation Authority (TCAA) to rescind approvals for Kenya Airways (KQ) [...]Shelter Afrique to Issue Affordable Housing Loans in Nigeria
Shelter Afrique Development Bank has begun piloting the construction of 370 housing units in Nasarawa Technology Village, Nigeria. “The Nasarawa Technology Village project underscores a successful example of public–private partnerships [...]
Multichoice Secures AFCON Broadcasting Rights
SuperSport has announced that it will air live matches of the 2023 Africa Cup of Nations (AFCON) tournament after Multichoice and New World TV (NWTV) reached an agreement on Thursday [...]Uganda Seeks to Have All Employers Put Health and Safety Measures
The Ugandan government has tabled an amendment to its health and safety laws that will require all employers to institute healthy and safety measures in the workplace. In addition to [...]Dangote Refinery Receives 6mn Barrels of Crude, Group Clarifies Anti-Corruption Raid
A month after it received the first batch of 1 million barrels of crude oil, the Dangote Refinery has received its sixth similar consignment, marking the target needed to commence [...]Twiga Foods Outgoing CEO Peter Njonjo Quits Board
Twiga Foods co-Founder and outgoing CEO, Peter Njonjo, resigns from the board.Cellulant CEO Akshay Grover Resigns
Akshay Grover, who replaced co-founder Ken Njoroge as Cellulant CEO in 2021, is leaving the company, the pan-African payment gateway firm has announced. His efforts have been pivotal in enhancing [...]Equity Bank Merges New Subsidiary CogeBanque With Equity Rwanda
Equity Bank has announced the merger of its two subsidiaries in Rwanda, just a month after completing the acquisition of CogeBanque. The new expanded entity means that Equity Bank Rwanda [...]Turk Eximbank Joins Africa Finance Corporation (AFC) as Inaugural non-African Shareholder
Infrastructure solutions provider, Africa Finance Corporation (AFC), announced it had received an equity investment of an undisclosed from Turk Eximbank on December 29th. Turk Eximbank made the investment on behalf [...]The Kenyan Tech Sector's Defining Moments of 2023
At the close of 2023, African startups raised a total of $3.4 billion with energy solutions and FinTech leading the ecosystem. To support African startups, Kazana Fund launched Angel syndicate [...]
