Hisa To Represent Kenya at the Final Stage of 2022 MEST Africa Challenge
Fintechstartup Hisa Inc has been selected to represent Kenya at the the grand finale of the 2022 MEST Africa Challenge pitch competition. MEST Africa announced five startups Sproutly (Nigeria), Kweli [...]
Construction of Long-Awaited $272 Million Msalato Airport in Dodoma Begins
The building of an Msalato airport in Tanzania's capital city, Dodoma, has begun after President Samia Suluhu Hassan laid the foundation stone for the construction of the $272 million facility. [...]Vodacom Tanzania to Expand M-PESA Services to 8 SADC Countries
Vodacom Tanzania has announced plans to expand its mobile money platform's International Money Transfer (IMT) portfolio, seeking to enable subscribers to easily send and receive money to eight new countries [...]EU Grants Tanzania €166 Million for Blue Economy Development
The European Union (EU) has announced another €166 million grant to support Tanzania’s blue economy initiative. This is the second package of grants to Tanzania as the EU announced €180 [...]South Africa's Gov't to Take Over 2/3 of Eskom's $22 Billion Debt
South Africa’s government has announced plans to take over up to two-thirds of the $22 billion debt accumulated by the state electricity monopoly Eskom, as it battles to overcome the [...]Fintech is Africa’s most vibrant sector Mastercard
Fintech startups in Africa grew 81% in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent, this is according to study by Mastercard on the [...]Demand for Kenya's Coffee Declines following a Rebound in Coffee Production in Brazil
Demand for Kenya’s coffee has declined following Brazil's rebound in production, which had recorded a sharp decline in the last two years, creating a global shortage. In the latest sale, [...]
UAE Bans 20 African Countries Including Nigeria and Uganda From 30-day Visas
Authorities in the United Arab Emirates(UAE) have announced a visa ban slapped on Ugandans and 20 other nationalities seeking to visit Dubai with immediate effect. This is to inform you [...]Nigeria Bonds Sink to Near-Record Low in October on Debt Restructuring Plans
Nigeria’s bonds sank to near-record lows in October as the finance minister failed to calm investor's nerves after unintentionally implying the government may ask for a haircut on its debt. Bonds [...]Ethiopia Gears to Begin Exporting Wheat to Neighbouring Countries
The Ethiopian Commodity Exchange (ECX) is in the process of starting to facilitate the trading of wheat on its floor. The crop will return to the Exchange’s trading floor after [...]Yellow Card Gets Africa's First Crypto Licence
Yellow Card Financial, the Pan-African cryptocurrency exchange has secured a Virtual Asset Provider (VASP) license from the Government of Botswana. According to its CEO Chris Maurice, the license was issued [...]Mozambique to Make First LNG Export to Europe in November
Mozambique is set to make the first Liquefied Natural Gas export to Europe next month, withe BP’s LNG tanker, British Sponsor, having already arrived offshore northern Mozambique. Mozambique expects to [...]
