President Museveni Proposes Social Media Taxation in Uganda to Support Local Content
President Yoweri Museveni has proposed a social media tax to curb the consumption of foreign content and the utilisation of foreign mobile applications said Frank Tumwebaze, Minister Information Communication and [...]
Tanzania Acquires Third Aircraft in Plan to Revive National Carrier
Tanzania has acquired the third plane out of the 6 planes expected to revive the national carrier. The aircraft is a Bombardier Q-400 which arrived at the Julius Nyerere International [...]mSurvey Obtains $3.5m Series A Investment to Fund Pan-African Expansion
mSurvey, a mobile survey platform based in Kenya, has secured $3.5 million in Series A round of funding to help it in expanding to more African countries. The funding was [...]MPs to appoint next KRA Commissioner General
Kenyan Parliament is expected to consider a bill that seeks to give the members the authority to pick Kenya Revenue Authority (KRA) commissioner generals. The bill was tabled in Parliament [...]
Kenya; Biometrics required for new national IDs
Kenya's ministry of Interior Ministry says it will require citizens to provide biometric details such as eye and voice patterns as it moves towards a new electronic registration system. Satellite [...]KCB Group secures Sh 10 Billion facility from AFDB to lend to SMEs
The African Development Bank and KCB Bank have today signed a USD 100 million Line of Credit Agreement, to be used for lending to corporate businesses, Small and Medium Enterprises [...]Tala Secures Sh6.5B in Series C Funding to Boost its Lending Services
Tala, one of Kenya's leading mobile lending apps has announced that it has acquired Sh6.5 billion in its Series C funding. The funds will be used in product development, increasing [...]Twiga Foods to Offer Blockchain-Based Microloans to Food Kiosk Owners in Kenya
Twiga Foods has introduced a blockchain-based microfinancing product that is accessible by 220 food stall retailers across Kenya. The blockchain-based product has been released at a time when the government [...]Tanzania's Economy Grows by 7.1% in 2017
Tanzania’s Prime Minister Kassim Majaliwa has said that the country's economy grew by about 7.1 percent last year, surpassing the revised government forecast. He attributed the economic growth to increased [...]Australia’s largest impact entrepreneur investor YGAP opens Kenya Office
YGAP, the largest impact entrepreneur investor in Australia, has today launched her Kenyan office in a bid to support thousands of social entrepreneurs impacting persons living in poverty. The YGAP [...]T-bill auction: Govt accepts Ksh 20.8B worth of bids
This week the Central Bank of Kenya offered 91, 182 and 364 Days Treasury bills for a total of KES 24.0B. The total bids received were KES 20.9B, an undersubscription [...]Nigeria's population hits 198 Million, 7th Largest in the World
According to Nigeria's National Population Commission (NPC), the country's current population stands at 198 million people with urban population growing at an average annual growth rate of about 6.5 percent. This [...]
