Business
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Business
Kenya’s Safaricom Launches Mobile Network In Ethiopia As First Private Operator
Kenya’s biggest telco, Safaricom, on Thursday, launched its mobile network in Ethiopia, becoming the first private operator in the east…
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Business
IATA Says African Aviation Sector Lost $7.7 Billion In 2020 Due To Covid-19 Restrictions
The International Air Transport Association (IATA) on Thursday said African nations lost an estimated $7.7 billion in the aviation sector…
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Business
UN Chief Antonio Guterres Names Nine African Countries, Iran In Arrears On UN Dues
The United Nations (UN) chief Antonio Guterres on Monday said nine African nations and Iran are in default on the…
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Business
AfDB Postpones 2020 Africa Investment Forum To 2021 Due To Coronavirus Pandemic
The African Development Bank (AfDB) on Wednesday announced it has decided to postpone the 2020 Africa Investment Forum to 2021,…
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Business
IMF Predicts A 3% Growth Dip For Sub-Saharan Africa, 20 Mn To Fall Under Extreme Poverty
The International Monetary Fund (IMF) on Tuesday predicted a 4.4% decline in growth in 2020 and 5.2% in 2021 as…
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Business
Africa Losing Nearly $89 Billion A Year In Illicit Financial Flows- UN Study
A new report released by the United Nations Conference on Trade and Development (UNCTAD) claims Africa is losing nearly $89…
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Business
World Bank Claims AfCFTA Could Lift Millions Out Of Poverty & Cushion COVID 19 Fallout
A World Bank report released on Monday claims the African Continental Free Trade Area (AfCFTA), once fully implemented, will likely…
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Business
Africa Free Trade Deal Gets Postponed Due To Coronavirus Pandemic -Official
The implementation of the Africa Free Trade Zone has been delayed due to the ongoing coronavirus pandemic, reported Reuters. This…
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Business
South African Airways Scraps Local, Foreign Flights As Part Of Rescue Efforts
South African Airways (SAA) will scale back some of its domestic and international routes from the end of February as…
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Business
Kenya, U.S. Agree To Begin Negotiation Talks To Pave Way For A Trade Deal
Kenya and the United States on Thursday agreed to begin negotiations that could pave way for the first U.S. bilateral…
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Business
Qatar Airways In Negotiation Talks To Buy 49% Stake In Rwanda’s State Carrier RwandAir
Gulf Airline Qatar Airways is reportedly in talks to buy a 49% stake in Rwanda’s state carrier, RwandAir, reported Reuters.…
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Business
President Uhuru Kenyatta Says Kenya Seeks Close Ties With Both U.S. And China
Kenyan President Uhuru Kenyatta on Wednesday said Kenya sees no conflict in pursuing close ties with both the United States…
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Business
Portugal’s Market Watchdog Launches Probe Into Firms Linked To Isabel Dos Santos
Portugal’s market watchdog confirmed on Thursday that it has launched inquiries into various companies where Angolan billionaire Isabel dos Santos…
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Business
MTN Reviewing Allegations That Accuse It Of Paying Bribes To Taliban, Al-Qaeda
Africa’s largest mobile operator MTN on Monday said it was going through allegations that it paid protection money to militant…
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Business
Ethiopia Government Charges Former Head Of State Electricity Firm, Others With Corruption
The Ethiopia government on Friday implicated Azeb Asnake, the former head of state-owned Electric Power Generation firm, Ethiopian Electric Power…
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Business
MTN To Relaunch Mobile Money Service ‘MoMo’ In South Africa In January 2020
Mobile operator MTN on Wednesday confirmed that its mobile money service will be launched in South Africa in January 2020,…
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Business
President Cyril Ramaphosa Says Business Rescue Only Viable Option To Save SAA
South African President Cyril Ramaphosa on Monday said the only financially viable option to secure a credible future for South…
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Business
Government To Pump $272M Into South African Airways As It Enters Rescue Proceedings
A South African minister on Thursday said the government is likely to pump 2 billion rand ($136 million) into South…
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Business
South Africa Airways To Undergo Radical Restructuring- Pravin Gordhan
Public Enterprises Minister Pravin Gordhan on Sunday said South African Airways (SAA) would undergo an extensive restructuring to save it…
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Business
South Africa Vodacom Confirms Till Streichert Has Resigned As Company’s CFO
South African mobile operator Vodacom Group on Thursday announced its Chief Financial Officer Till Streichert will leave the company in…
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Business
South Africa Stops Arm Sale Deals To Saudi Arabia, UAE Over Inspection Row
The South African government has decided to block arms sales to countries including Saudi Arabia and the United Arab Emirates…
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Business
Washington Indicts Air Peace CEO On Bank Fraud And Money Laundering Charges
The U.S. Department of Justice has charged Allen Onyema, the founder and CEO of one of Nigeria’s largest airlines, Air…
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Business
Sudan Minister Says Country Needs Up To $5 Billion In Support To Avoid Collapse
Sudan’s Minister of Finance and Economy, Ibrahim Elbadawi, on Thursday, said the country requires up to $5 billion in budget…
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Business
South Africa, Nigeria Governments Sign More Than 30 Trade & Cooperation Agreements
The South Africa and Nigeria governments signed 32 trade and cooperation agreements on Thursday, reported Reuters. The deals follow Nigerian…
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Business
HEC Paris’s CEO Talk Gets Footballer Turned Entrepreneur Didier Drogba As Guest Speaker
HEC Paris, the international business school, has got on board entrepreneur Didier Drogba as the guest of the “CEO Talk”…
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