The Egyptian Exchange (EGX) has received a mission from the African Development Bank in the wake of its membership of the African Exchanges Linkage Project (AELP), an initiative to foster greater integration in securities trading across the continent. The AELP project, jointly initiated by the Bank and the African Securities Exchanges Association (ASEA), has the […]
Somaliland courtship of its regional neighbours continued as fresh push for Kenya to enter into stronger ties continues. Eritrea became the latest country in the region to enter into working relations with Somaliland after Ethiopia signed deals linking her to the Port of Berbera. A government delegation from Eritrea was in Hargeisa, capital of Somaliland […]
African countries need policies that can help build resilience, raise potential growth and inclusiveness if the continent is to achieve the sustainable development goals and aspirations of Africa’s Agenda 2063. This was said Wednesday by Adam Elhiraika, Director of the Macroeconomics and Governance Division of the Economic Commission for Africa (ECA) in his presentation to […]
Farmers, youth, women and small businesses in the Democratic Republic of the Congo will gain better access to financial services following the launch of a new project between FSD Africa and Equity Bank Congo. The three-year US$2.8 million project will train and enroll at least 4,000 people to become bank agents across 22 of DRC’s […]
Africa should focus more in investing in mobile markets to leverage the opportunities such markets offer to their economies. A new report from Jumia Africa’s leading e-commerce platform, indicates that the continent has big mobile market. According to a Mobile Report for Africa released by Jumia, the continent’s real output growth is expected to reach […]
The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit that was held in Nairobi yesterday. Akinwumi A. Adesina said that the Bank would commit at least US$25 billion towards climate finance. Speaking at a plenary in the presence of Heads of […]
The United Arab Emirates (UAE) plans to restore the Berbera Airport in the second largest city of Somaliland to have it accommodate large aircrafts. This is part of the agreement reached after a six-day visit by Somaliland president Musa Bihi to the United Arab Emirates. The president held talks with UAE deputy prime minister Sheikh Mansour […]
DP World, the Dubai company tasked with expanding the Somaliland port of Berbera, has commissioned the first Mobile Harbour Cranes (MHC) at the harbour. The US$12 million three new cranes is expected to double productivity at the port, significantly reducing vessel turn-around time. This is in addition to stabilising operations during monsoon season as well […]
LAGOS – One Finance Limited [OneFi] has secured a US$5M debt facility for its consumer facing platform, Paylater. The facility comes from New York and Nairobi-based Lendable, a technology-enabled funding provider to African consumer and SME lenders. The debt facility will be used to deploy more loans to Paylater customers, specifically through a suite of innovative new products. Since […]
Pericles Lewis, Yale University’s Vice President for Global Strategy and Deputy Provost for International Affairs, has visited Makerere University in Kampala, Uganda to meet with leadership, alumni, and medical residents. Yale and Makerere University have a long, rich partnership that dates back nearly two decades. In 2002, Dr Majid Sadigh, an associate professor of medicine […]
Taxify, the leading European on-demand transportation platform, is changing its name to Bolt and introducing a new logo. The update brings the brand identity in line with the company’s broader vision of transportation that has already expanded from ride-hailing, with cars and motorbikes, to scooter sharing. Speaking on why the company chose to make the […]
KAMPALA – MTN Uganda has signed a three-year agreement to support think tank body, African Strategic Leadership Centre (ASLC) to do research in various sectors that affect Africa. ASLC chairman Robert Mwesigwa Rukaari said in a statement that MTN will contribute Shs500 million annually towards research being conducted to inform deliberations such as the Africa […]
NAIROBI – Actis, a leading growth markets investor and Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest conglomerates, are set to launch a new real estate joint-venture platform to meet the demand for affordable and middle-income housing in the sub-Saharan African region, starting with Kenya. The residential development platform has been […]