Safaricom Ethiopia Activates its Network in 5 Additional Cities
Safaricom Ethiopia launched its network and services in Hawassa, Assela, Jigjiga, Sodo, and Dilla in December, bringing the country's network footprint to 21 cities. New customers in the cities will [...]
Nigeria Seeks Green Light to Restructure Central Bank Debt
Nigeria’s government is seeking lawmakers’ approval to restructure debt owed to the central bank and also to take on an additional loan, which would raise the amount owed to $52 [...]AELP Launches an E-Platform Linking Seven African Capital Markets with $1.5 Trillion Market Capitalization
The African Exchanges Linkage Project (AELP) has launched an e-platform that allows seamless cross-border securities trading among seven African stock exchanges representing 2,000 companies with a market capitalization of approximately [...]Bollore Logistics Completes 100% Sale of its Africa Arm to MSC
French logistics group Bollore Logistics announced on Wednesday it had completed the sale of its Bollore Africa Logistics arm to global shipping company MSC Group for KES 750.3 billion. Under [...]Nigeria Exchange Approves Rules for Listing Technology Board
The Securities and Exchange Commission (SEC) has approved the rules for listing on Nigeria Exchange Limited (NGXnew )'s Technology Board, which could herald a new era for Nigerian startups. The [...]Sun King Raises $70 Million in Funding to Expand Throughout Africa and Asia
Sun King, the pan-African solar energy producer, has received a $70 million equity investment from LeapFrog Investments and other investors. Sun King bills itself as Africa and Asia's largest direct-to-consumer, [...]IMF Approves $203 Million for DRC
The International Monetary Fund's (IMF) executive board has concluded a third programme review allowing for an immediate disbursement of about $203 million to Democratic Republic of Congo. Congo has a [...]Tanzania Signs $2.2 Billion SGR Contract with Chinese Companies
Tanzania has signed a $2.2-billion contract with Chinese companies China Civil Engineering Construction Corporation (CCECC) and China Railway Construction Corporation (CRCC) to build the final section of the Standard Gauge Railway line aimed at [...]NALA Money Expands to 19 European Countries in a Bid to Gain More Market Share
NALA, the Tanzanian fintech startup known for its African remittance services, has expanded to 19 additional European countries. With this expansion, the company hopes to gain a sizable market share [...]KQ Set to Resume Flights to Djibouti
Kenya Airways (KQ) is planning to resume commercial passenger flights to Djibouti, ending a two-year hiatus that saw the carrier drop operations on the destination when it resumed international flights [...]Kenya's Exports to Uganda Decline 21% as US Market Reigns
Kenya’s exports to Uganda have declined by KES 12.46 billion in the nine months to September compared to a similar period last year, handing the US an extended reign as [...]
Ghana Suspends External Debt Payments
Ghana's finance ministry said on Monday the country was suspending debt service payments of all pending external debts on the orderly restructuring of the affected obligations. A statement by the [...]
