AFRICA
Takealot appoints new CEO as Amazon arrival looms
Takealot Group has announced the appointment of Frederik Zietsman as new CEO. Takealot, the South African e-commerce group that repor ...
Air Peace Expands Africa Connectivity With Abidjan Route
In a bid to strengthen business ties and enhance connectivity across African nations, Air Peace airline has announced the commencement of flight operations from Abidjan, the capital of Côte dIvoir ...
A look at the five-year impact of Africas Business Heroes initiative on the African entrepreneurship ecosystem
Mr. Lijun Sun, Partner at Alibaba Partnership and Board member of The Jack Ma Foundation delivering a speech at the 2023 ABH Summit and Grand Finale in Ki ...
Somalia's Hormuud Telecom settles dispute with government
Selamat siang, Victoria from Techpoint here, Here's what I've got for you today: Somalia's Hormuud Telecom settles dispute with government
IMF Approves $941m Loan To Alleviate Kenyas Financial Struggles
The International Monetary Fund (IMF) has announced the approval of a new loan exceeding $941 million to support the financial stability of Kenya, which is currently grappling with various economi ...
Egyptian banks impose card limits for travellers due to forex challenges
Five Egyptian banks have reportedly announced limits on foreign currency spending within Egypt, with some capping it at just $65. These restrictions also apply to credit card cash with ...
Understanding Nigerias digital identity landscape
Around 850 million people globally lack any form of digital identification. A large percentage of this population comes from Sub-Saharan Africa and South Asia. This crea ...
Vesti launches WorldForce™ to help 50,000 skilled Africans to get into the US-H1B Lottery in 2024
Vesti, the leading migration fintech company, announces WorldForce™ a groundbreaking initiative to empower 50,000 skilled professionals across ...
Africas motorcycle taxis on the electric horizon
Motorcycle taxis, a dominant transportation force in Africa, have substantial potential for electrification as electric two- and three-wheelers gain traction across the contine ...
Customs Partners AfCFTA For Better Trade Initiative
Comptroller general of the Nigeria Customs Service, Adewale Adeniyi has expressed readiness of the service to partner with the African Continental Free Trade Area (AfCFTA) secretariat for enhanced ...
Ethiopia defends Somaliland deal as Somalis protest
Students wave a Somali flag during a demonstration in support of the government over the controversial deal between Ethiopia and the breakaway region of Somaliland. P ...
Morocco Intercepts Over 1,100 Illegal Migrants Near Spanish Enclaves On New Years Eve
Amidst New Years Eve, the Moroccan army reported intercepting more than 1,100 migrants attempting to reach the Spanish enclaves of Ceuta and Melilla. During overnight operations on Sunday t ...
Guinea's economy struggles after fuel depot fire
It took nine days for the blaze in Conakry to be fully extinguished after a blast rocked the state oil company's main depot. Photo: STRINGER / AFPSource: AFP ...
Octa flashes back to 2023 events
In 2023, high interest rates caused global equities to fall, depreciating emerging market currencies and slowing global growth. Military conflicts rea ...
Ethiopia Fails To Meet $33m Bond Payment, Becomes Africas 3rd Defaulter In 3yrs
Ethiopia officially became Africas third defaulter in as many years on Tuesday, December 26, failing to make a $33 million “coupon” payment on its only international government bond. Africa ...
6 Dead,10 Missing In South Africas Flash Floods
Following the devastating flash floods that struck Ladysmith in South Africa, claiming the lives of six individuals and leaving ten missing, rescue teams have resumed their search for bodies, offi ...
Morocco, Senegal Supports Early Completion Of $25bn Nigeria-Morocco Gas Pipeline
Morocco and Senegal have engaged in discussions for more support towards seamless execution of the $25 billion Nigeria- Morocco gas pipeline project. Senegals minister of Petroleum and Ener ...
JUST IN: Angola Quits OPEC
In a stunning development, Angola has announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC), effective immediately. This unexpected move throws ...
Severe Floods In Kenya Kill 174
The death toll from the relentless and severe floods in Kenya, spurred by an unusually active rainy season linked to the El Nino weather phenomenon, has risen to 174 following the confirmation of ...
Marketforce CEO says Pezeshas liquidation suit is premature
Tesh Mbaabu, CEO of Marketforce, a Kenyan business-to-business e-commerce that raised $40m in series A funding in 2022, has questioned the approach that Pezesha, a Kenyan start ...
Kenya, EU ink 'historic' trade deal
Kenyan President William Ruto said the trade deal with the EU marked 'the beginning of a historic partnership'. Photo: FREDERICK FLORIN / AFP/FileSource: ...
M-PESA goes plastic: 50 million Kenyans will get debit cards following Visa partnership
This marks the second time in under two years that M-PESA and Visa have collaborated to expand global payments for their customers. M-PESA, the ubiqui ...
Africa Account For Only 2% Share In Global Travel
Africas share in the global travel demographic stands at only per cent, despite the continent comprising roughly 17 per cent of the worlds population. The vice president, ...
NewSpace Africa Conference 2024 to Hold in Luanda, Angola, in April
Space in Africa, in conjunction with the African Union Commission, the Angola National Space Programme Management Office, under the auspices of the Ministry of Telecommunicatio ...
South Africa to build new nuclear plants: govt
South Africa has Africa's only nuclear power plant at Koeberg near Cape Town and plans to add 2,500MW of nuclear power starting from 2032-33. Photo: RODGER BOSCH ...
PHOTO NEWS UBA
Cover pix L-R: Middle East and Africa Editor of The Banker, a publication of Financial Times Group, London; Joy Macknight; Group Managing Director/CEO, Oliver Alawuba; and Cerem ...