News Archive

Ethiopia: Hurdle cleared for M-Pesa inclusion in telco licence

Ethiopia has cleared the way for Safaricom to introduce M-Pesa in the market of 110 million people after deciding to include the ...

East Africa: Egyptian lender CIB reaches for a bigger piece of region’s banking sector

Egyptian largest private sector bank by assets Commercial International Bank (CIB) is seeking to acquire more banks to strengthen ...

Africa: Off-grid solar access solutions for continent identified

The European Investment Bank and International Solar Alliance have published a study outlining access solutions to overcome key ...

Kenya | country tops world in growth in new electricity connections

Kenya has been ranked the top country in the world in reducing population with no access to electricity, pointing to the impact ...

Africa: Huawei Pens Deal with African Telecommunications Union

The African Telecommunications Union has recently signed a Memorandum of Understanding with tech giant Huawei that will see ...

East Africa: Inside Region’s Post-Covid 2021/22 Recovery Budgets

East Africa’s Finance ministers have presented their spending plans for the 2021/2022 fiscal year with a key focus on ...

Ethiopia: African Telco titans Vodacom, MTN battle for lucrative Ethiopia deal

The battle for the lucrative Ethiopian telecommunications market has narrowed down to consortia led by two of Africa’s telecom ...

East African: Regional firms in list of continent’s most valuable brands

A recent report by AfricanFinancials Group titled Sub-Saharan Top 30 Equity Valuation shows that eight East African listed firms, ...

Africa: Afreximbank launches USD 1 billion transit guarantee scheme

African Import-Export Bank has launched a USD 1 billion transit guarantee scheme covering the Common Market for Eastern and ...

Africa: Continent will reach 3.4 percent economic growth in 2021

The African Development Bank expects Africa to recover from its worst recession in 50 years and reach 3.4 percent economic growth ...

Nigeria / Morocco: OCP, Nigeria Sign Agreements to Advance Fertilizer Production Partnership

Morocco’s state-owned phosphate and fertilizer group OCP is moving forward with its commitment to assist the Nigerian ...

Ghana: Boost for exporters as Ghana, UK seal trade agreement

Ghana has signed a trade partnership agreement with the UK that will secure tariff-free trade and provides a platform for greater ...

UGANDA: Total, Eacop oil deal in high gear after call for bids

Uganda is keen on oil and gas deals through local content provisions after Total and the East African Crude Oil Pipeline invited ...

Kenya: British products get 25-year tax free entry in Kenya pact

Kenya’s trade pact with the UK will open the window for British companies to ship in finished and unfinished goods that exclude ...

Morocco: EU Removes Morocco From ‘Grey List’

The European Union has removed Morocco from the “grey list” of non-cooperative third countries, a decision which will make it ...

gas plant

Nigeria: NNPC set to build USD 3 billion methanol plant

Nigeria's bid to grow its domestic gas production has received a boost after state-owned oil firm Nigerian National Petroleum ...