How Jack Dorsey’s Block Inc is Democratizing access to bitcoin mining in Africa
For the last three years, Africa has been one of the fastest-growing markets for cryptocurrency adoption in the world. The continent accounts for world’s highest proportion (80%) of crypto retail [...]
Gridless Aims to Help Africa’s Energy Producers Utilize Excess Energy for Bitcoin Mining, Boosting Economic Growth and Sustainability
On the sidelines of the Africa Bitcoin Conference in Accra Ghana early December 2022, Gridless, an East African based bitcoin mining company helping to bring new energy generation to rural [...]Air Tanzania to Launch 2nd Flight to China
Five months after national carrier Air Tanzania Company Limited (ATCL) resumed weekly flights to China, the carrier is set to launch a second flight to Beijing. This comes after the [...]
IMF Approves $240 Million for Uganda
The International Monetary Fund (IMF) has approved a $240 million three-year loan to Uganda to support a radical public sector reform agenda anchored on fighting corruption, cutting financial waste and [...]Ethiopian Airlines Resumes Flights to War-Torn Tigray after 18 Months
Ethiopian Airlines has announced plans to resume commercial flights to the capital of the war-torn northern region of Tigray, after an 18-months hiatus. The announcement comes a day after a [...]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 [...]
