News Archive

Africa: Mobile money becomes lifeline as telecoms thrive in Covid-19 era

Mobile money and data have emerged as the lifeline in revenue growth for African-focused telecoms operators Vodacom Group and ...

Africa: Vodacom completes sale of operations in three African countries

Vodacom has completed the sale of its Business Africa operations unit in Nigeria, Zambia and Ivory Coast to Inq. Holdings, which ...

East Africa: Low crude oil prices to ease production costs in region

The drop in crude oil prices at the international market is set to ease pressure on widening current accounts, arrest a surge in ...

Tanzania: SGR project secures bulk of Ministry of Works budget

Parliament has approved USD 2.1 billion for the Ministry of Works and directed USD 950 million to be spent on the standard gauge ...

Africa: Safaricom sees Ethiopia deal opening gateway to Africa

Kenya’s largest mobile phone operator Safaricom is pinning its pan-African expansion plans on the Ethiopian market as the ...

Kenya: Turkana wind blows off electricity imports

The Lake Turkana Wind Power project has strengthened Kenya’s efforts to attain energy sufficiency, paving the way for reduction ...

Ethiopia: Africa’s Biggest Hydropower Dam remains a priority for Ethiopia

Despite the impact of Covid-19 on Ethiopia’s projects, the government has stated that it will not reprioritise filling of the ...

Guinea: Norgold invests in a new environment-friendly power plant

Nordgold is set to construct a 33MW power plant at Guinea’s largest gold mine that will reduce the fuel consumption for ...

Africa: DHL launches dedicated freight service

DHL has launched a 100-tonne weekly air freight service for organisations and governments shipping goods from China to Africa and ...

Uganda: Total acquires Tullow’s stake in Uganda’s oil sector

Total is set to pay USD 575 million for the acquisition of Tullow’s shares in Uganda, which accounts for 33.3 percent of the ...

Ethiopia: National carrier joins WFP to fight Covid-19

Ethiopian Airlines has secured a World Food Program contract to facilitate the supply chain of essential supplies and medicines ...

Tanzania: Construction of country’s first wind farm nears completion

The installation and testing of wind turbines is expected to be finalised by May, heralding the completion of Tanzania’s wind ...

Kenya: Competition Tribunal eases merger conditions for Telkom Kenya and Airtel

Airtel and Telkom Kenya can now sell up to 40 percent of their merged business following a ruling by the Competition Tribunal, ...

Africa: M-Pesa acquisition boosts expansion plans into African markets

Vodacom and its subsidiary Safaricom have announced their joint acquisition of M-Pesa from Vodafone, positioning the venture at a ...

East Africa: Region to reap big from AfCFTA trade bloc

East African countries are set to receive approximately USD 1.8 million in welfare gains once the African Continental Free Trade ...

Tanzania: Growth prospect entices EABL to increase stake in Dar brewer

Regional beer giant East African Breweries is expected to spend at least USD 18.7 million to purchase an extra stake in Serengeti ...