News Archive

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, ...

Algeria: Country set to embrace Islamic insurance

Algeria will for the first time launch Islamic insurance, known as takaful, as the government seeks to boost the country’s ...

South Sudan: Banks rekindle hopes of making profits

Kenyan top retail banks with operations in South Sudan are optimistic about an economic turnaround as the magnitude of monetary ...

Ethiopia: First-ever PPP program begins with construction of solar projects

Ethiopia has finalised preparations to commence the first phase of a public-private partnership (PPP) program by launching the ...

Kenya: Country becomes first to be awarded safer tourism seal

Kenya is the first country globally to be awarded the recommended status of the “Safer Tourism Seal” by global pro-tourism ...

Morocco: Renewable energy industry set for a windfall gain

Spanish wind power operator Siemens Gamesa has announced that it is set to reach a production capacity of 1 GW, which will help ...

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DRC: Regional Business Council press EAC to fast track admission of DRC into bloc

The East African Community has been urged to speed up the admission of the Democratic Republic of Congo into the regional bloc ...

Kenya: Plans for a nuclear power plant revealed

Kenya is set to build a USD 5 billion nuclear power plant with an initial capacity of 1GW in Tana River County over the next ...

Zambia: New diamond processing plant adds value to industry

Mutinta Jewellery has announced the opening of a USD 3.2 million diamonds and gemstone processing plant that will create about ...

Morocco: USD 12.8 billion recovery plan to rescue economy

King Mohammed VI has announced that USD 12.8 billion will be injected into the national economy as Morocco seeks to recover from ...