The deals market in Africa will be slower this year than in 2017, but the region’s financial services sector is on the rise and looking to invest in technology, according to a new report.
Mergers and acquisitions (M&A) across financial...
The government has rolled out the second phase of the Sh15 billion Last Mile electricity project that will see more than 2.5 million households connected to the national grid.
Energy Cabinet Secretary Charles Keter said that the second phase will include the...
UseKamba, or Kamba for short, is an Angola-based fintech startup. Its mobile wallet application allows users to transfer funds between each other, buy airtime and pay bills.
“The main reason behind the existence of Kamba is the need to revolutionise,...
Ethiopian Airlines has announced that it has completed the deal to purchase a 49 per cent stake in new Chadian Airlines.
In the joint venture, the government of Chad will retain 51 per cent.
The new Chadian flag carrier is set...
Africa’s telecommunication giant MTN is said to start selling about a third of its Ghanaian unit worth $754 million representing 35 percent of the $2 billion next week in an initial public offering.
This will be 10 times larger than...
Nissan Motor Co. Ltd. plans to start assembling vehicles in Kenya, bolstering government plans to develop a regional auto-manufacturing hub in East Africa’s biggest economy.
The Japanese automaker is the latest to target Kenya after Volkswagen AG, PSA Peugeot and CNH Industrial...
Following prolonged delays in the expansion of the Hwange Thermal Power Station, due to financial constraints, the project has secured $116 million to proceed.
The Zimbabwe Power Company (ZPC) is set to receive equity contributions from Standard Bank South Africa...
The former minister of aviation, Babatunde Omotoba, has revealed that the current infrastructure in the power sector was incapable of transmitting more than 4000 megawatts adding that Nigeria cannot generate 7000 megawatts.
He stated this in Abuja yesterday at the...
Nigeria has enjoyed strong economic growth rates in the last two decades, benefiting from rising oil prices and expansion of non-oil sectors. The plunge in oil prices in 2014 induced fiscal pressures and foreign currency shortages, and spilled over...
The Minister of Finance, Mrs Kemi Adeosun says Nigeria has raised three billion dollars at the international capital market.
She made this known in a statement issued by Mr Oluyinka Akintunde, the Special Adviser, Media and Communications on Wednesday in...
