News Archive

East Africa: Region sitting on untapped trade worth USD 60 billion

Kenya, Tanzania and Uganda are seeking to revive connected ports and maritime operations on the shared waters of Lake Victoria to ...

Africa: Internet economy to contribute USD 180 billion by 2025

Google and the International Finance Corporation estimate that Africa’s Internet economy has the potential to reach 5.2 percent ...

Ethiopia: Multinational telcom giants jostle for full-service licence

The Government is expected to request for full-service telecommunication licences proposals after the Ethiopia Communications ...

Kenya: Government, UK agree on terms of post-Brexit trade pact

Kenya has agreed to the terms of a post-Brexit trade deal with the United Kingdom paving way for the signing of a long-term ...

Nigeria: USD 10 billion targeted from blockchain technology by 2030

Nigeria is putting together an economic strategy aimed at realising up to USD 10 billion from blockchain technology by capturing ...

Namibia: Country moves to ratify SACU-Mozambique-UK agreement

Namibia is in the process of ratifying the SACU-Mozambique-United Kingdom economic partnership agreement to provide continuity ...

Ethiopia: Government aims to complete WTO accession by 2021

Ethiopia is working to complete its accession to the World Trade Organization by next year as an outcome of the domestic economic ...

Africa: US launches COVID-19 recovery financing for sub Saharan Africa

The US International Development Finance Corporation has created a regional fund targeting small and medium sized companies and ...

Zambia: Country gets lifeline with time running out to avoid default

Zambia has gone into extra time in its bid to win debt relief from its Eurobond holders as key investors abstained from voting ...

Uganda: Court decision rattles East Africa’s syndicated loans market

East Africa’s syndicated loan markets have been upended after a Ugandan High Court declared foreign bank loans illegal if done ...

Africa: Mastercard moves to empower fintechs in Africa

Mastercard’s new programme known as ‘Fintech Express’ aims at providing tailor-made solutions that boost market entry and ...

Nigeria: Facebook to open office in Lagos

Facebook has announced plans to open an operational office in Lagos, the first on the continent with a team of engineers, ...

East Africa: Tanzania, Rwanda and Uganda forge a single stock market

The three East African countries are set to start trading as a single market after interconnecting their trading systems and ...

Africa: World Bank targets green, resilient economic growth

The World Bank Group released the Next Generation Africa Climate Business Plan, which calls countries to increase energy access, ...

Morocco: Taza wind farm set to improve country’s energy mix

Construction of the Taza wind farm has begun, and its projected 159 MW production capacity is expected to significantly ...

Uganda/Tanzania: USD 3.5 billion crude pipeline deal signed

Tanzania and Uganda have signed an agreement to commence construction of a USD 3.5 billion oil pipeline which is set create jobs, ...