Ethiopia has cleared the way for Safaricom to introduce M-Pesa in the market of 110 million people after deciding to include the mobile phone-based financial services in the telco’s licence.
Egyptian largest private sector bank by assets Commercial International Bank (CIB) is seeking to acquire more banks to strengthen its presence in the East African region.
The European Investment Bank and International Solar Alliance have published a study outlining access solutions to overcome key affordability and investment challenges holding back off-grid solar investment across Africa.
Kenya has been ranked the top country in the world in reducing population with no access to electricity, pointing to the impact of the State’s focus on rural areas for nearly a decade.
The African Telecommunications Union has recently signed a Memorandum of Understanding with tech giant Huawei that will see African countries and organisations build capacity for ICT transformation.
East Africa’s Finance ministers have presented their spending plans for the 2021/2022 fiscal year with a key focus on rebuilding economies ravaged by the COVID-19 pandemic, protecting local industries, keeping jobs and up-scaling investment in infrastructure projects critical to the faltering intra-regional trade.
The battle for the lucrative Ethiopian telecommunications market has narrowed down to consortia led by two of Africa’s telecom giants, Vodacom and MTN Group, setting another stage for their sustained competition for the continental market.
A recent report by AfricanFinancials Group titled Sub-Saharan Top 30 Equity Valuation shows that eight East African listed firms, largely from Kenya and Tanzania, made it to the list of sub-Saharan Africa’s most valuable brands.
African Import-Export Bank has launched a USD 1 billion transit guarantee scheme covering the Common Market for Eastern and Southern Africa designed to reduce trade costs, promote African trade, improve tax collection, and free up working capital.
The African Development Bank expects Africa to recover from its worst recession in 50 years and reach 3.4 percent economic growth in 2021 despite challenges of a global pandemic and external economic shocks.
Morocco’s state-owned phosphate and fertilizer group OCP is moving forward with its commitment to assist the Nigerian government to achieve its goal of developing its agricultural industry.
Ghana has signed a trade partnership agreement with the UK that will secure tariff-free trade and provides a platform for greater economic and cultural cooperation
Uganda is keen on oil and gas deals through local content provisions after Total and the East African Crude Oil Pipeline invited bids for various services, a sign that the long-awaited final investment decision which is expected to unlock USD 10 billion worth of investments is well underway.
Kenya’s trade pact with the UK will open the window for British companies to ship in finished and unfinished goods that exclude agricultural and industrial products for 25 years at the expiry of a seven-year moratorium.
The European Union has removed Morocco from the “grey list” of non-cooperative third countries, a decision which will make it easier for Moroccan companies to raise funds from international economic actors and DFIs.
Nigeria’s bid to grow its domestic gas production has received a boost after state-owned oil firm Nigerian National Petroleum Corp. signed a final investment decision to build the country’s first USD 3 billion methanol-processing plant.