East African Cables Group's Administration Frozen by Court Action
East African Cables has obtained a court injunction stopping the appointment of an administrator to the firm, in a notice issued by Equity Group, dated 16th June 2023. This move [...]
Sudan Signs $6 Billion Deal with UAE for New Red Sea Port
Sudan has signed a preliminary agreement with a group led by the UAE's AD Ports Group and Invictus Investment to build and operate the Abu Amama port and economic zone [...]
Shelter Afrique Announces Plans to Tap into Pension Funds for Affordable Housing Projects
Shelter Afrique has announced plans to tap into the East Africa capital markets and pension funds to finance affordable housing projects in the region. Shelter Afrique’s Ag. Managing Director, Kingsley [...]Gov't to Lay Additional 100,000 Km of Fibre-Optic Network in 5 Years
The Government of Kenya has announced plans to lay an additional 100,000 kilometres of the national fibre-optic network, seeking to reduce the cost of calls and mobile data charges to [...]Shelter Afrique Approves $18.5 Million Loan for DRC
Pan-African housing financier, Shelter Afrique has approved an $18.5 million corporate loan to a Democratic Republic of Congo-based developer (Maison Super Development (MSD)) for three housing projects. The five-year facility [...]KenGen Adds 86MW into the national grid
Kenya's largest electric power producer KenGen on Tuesday held an event to commission the KenGen Olkaria I Additional Unit (AU) 6 Geothermal Power Plant, which aims to inject an additional [...]House Prices Decline by 3.99% in Q4 2021 KBA Report
The growth in house prices slowed down in 2021 from a strong uptick recorded during the last quarter of 2020, the latest Kenya Bankers Association Housing Price Index (KBA-HPI) report [...]
Shelter Afrique Receives $7.15 Million Additional Capital from Nigeria
Pan-Africa housing development financier, Shelter Afrique has received $7.15 million in additional capital subscription from the Federal Government of Nigeria. The Additional stake now takes Nigeria's shareholding to 15.8%, one-percentage [...]Africa's largest contact centre operator CCI Global to Set Base in Tatu City
CCI Global, the largest international contact centre operator in Africa, has announced plans to move to a purpose built, state-of-the-art five-story tower office in Tatu City, creating more than 4,000 jobs for Kenyans. CCI’s [...]
Liquid Intelligent Technologies Acquires Telrad
Liquid Intelligent Technologies, one of the largest Pan-African technology groups, has announced that it will acquire Telrad, an Israeli-based technology company, for an undisclosed amount of money. Liquid is a [...]Google Lands Equiano Cable In Nigeria
Google and WIOCC, a cable landing partner, have announced the landing in Lagos, Nigeria, of the State-of-the-Art Equiano Subsea Cable. The cable will become a critical element in meeting Nigeria’s [...]Transport Ministry Readies KSh151 Million for Upgrade of 4 Airstrips
The Ministry of Transport is looking spend KSh151 million in the upgrading of four county airstrips, seeking to boost tourism by meeting the rising demand for domestic air travel. The [...]
