Govt. & Development Organisations Investments, Financials & Economy LATEST NEWS Manufacturing & Retail Ghana adopts timber factory under 1D1F initiative, injects US$1.12m to support revival operations 4 days ago GHANA – The government of Ghana has adopted Ayum Forest Product Limited, a timber processing…
Govt. & Development Organisations Investments, Financials & Economy LATEST NEWS Djibouti inaugurates Sovereign Fund to turbocharge country’s development 5 days ago DJIBOUTI – Djibouti, one of the smallest country’s country in continental Africa by land mass…
Investments, Financials & Economy LATEST NEWS Start-ups American VC firm Openner launches accelerator program to invest in 50 Egyptian startups 5 days ago EGYPT – Openner, a Washington DC-based venture capital firm, has launched a new accelerator program…
Investments, Financials & Economy LATEST NEWS People Gorilla Corporation accelerates its global expansion to the Middle East and Africa 5 days ago KENYA – Gorilla Corporation, a leader in global partner marketing and strategy, has announced its expansion…
DealStreet Africa Investments, Financials & Economy LATEST NEWS Start-ups Kenya’s Copia, Rwanda’s Kasha secure combined $6m from US development bank 6 days ago KENYA – The United States International Development Finance Corporation (DFC) has approved US$6 million in…
Agriculture & Agribusiness Investments, Financials & Economy LATEST NEWS Bell Equipment and John Deere end partnership after 20 years 2 weeks ago SOUTH AFRICA – Bell Equipment is set to end its 21-year-old relationship with John Deere…
Infrastructure, Construction & Real Estate Investments, Financials & Economy LATEST NEWS Prime Cement commissions US$40m cement factory in Rwanda 2 weeks ago RWANDA – Prime Cement has inaugurated a US$40M factory in Musanze, in the Northern Province…
Agriculture & Agribusiness Investments, Financials & Economy LATEST NEWS Export Trading Group secures US$400m from Afreximbank to drive agricultural productivity in Africa 2 weeks ago AFRICA – The African Export-Import Bank (Afreximbank) has approved a US$400M global credit facility agreement…
Investments, Financials & Economy LATEST NEWS Telecoms, ICT & Media Ethiopia Govt. to offload 5% stake in Ethio Telecom to domestic investors 2 weeks ago ETHIOPIA – The Government of Ethiopia has announced its plan to sell five percent of…
Investments, Financials & Economy LATEST NEWS Kenyan based music service Mdundo lists its shares on the Nasdaq First North Growth Market Denmark 2 weeks ago KENYA – Mdundo, a Kenyan-based music service, has its shares on the Nasdaq First North…
Financial Services Investments, Financials & Economy LATEST NEWS UAP Holdings records US$0.53m loss in the first half of 2020, attributed to slow activities in equities market 3 weeks ago KENYA – UAP Holdings Plc, an investment, retirement, and insurance group, reported a KSh57million (US$0.53m)…
Financial Services Investments, Financials & Economy LATEST NEWS Jubilee Holding announces a US$16m profit for the first half of 2020 4 weeks ago KENYA – Jubilee Holdings Limited, a financial service holding company, has announced a profit of…
Aviation, Transport & Logistics Investments, Financials & Economy LATEST NEWS Kenya Airways may lose US$0.65bn in 2020 due to the disruptions caused by COVID-19 4 weeks ago KENYA – Kenya Airways (KQ), the national carrier, has announced that it may lose up…
Financial Services Investments, Financials & Economy LATEST NEWS Absa bank net profit drops by 85% in the first half of 2020 due to the corona virus pandemic 4 weeks ago KENYA – Absa Bank Kenya, a commercial bank, has announced that its net profit dropped…
Investments, Financials & Economy LATEST NEWS Mining, Energy, Oil & Gas Ghana Oil Company annual profit jump 29% to US$18.25m 4 weeks ago GHANA – Ghana Oil Company (GOIL), Ghana’s largest oil marketing company, has recorded a 29%…
Investments, Financials & Economy LATEST NEWS Nigeria’s GDP declines 6.10% amid slowdown in critical sectors of economy 4 weeks ago NIGERIA – Nigeria’s Gross Domestic Product (GDP) declined by 6.10% (year-on-year) in real terms in…
Investments, Financials & Economy LATEST NEWS Egypt’s Elsewedy Electric records 47% drop in half year profit 4 weeks ago EGYPT – Egyptian based electricity multinational, Elsewedy Electric Company’s (SWDY) has recorded a 47% drop…
Financial Services Investments, Financials & Economy LATEST NEWS People NMB Bank appoints Ruth Zaipuna as the CEO, hands US$6.55m dividend to the government 1 month ago TANZANIA – NMB Bank, the leading commercial bank in Tanzania, has announced the appointment of…
Investments, Financials & Economy LATEST NEWS Pharmaceuticals & HealthCare Nigerian pharmaceutical company Neimeth records impressive profits amid covid-19 1 month ago NIGERIA – Neimeth International Pharmaceuticals Plc, one of Nigeria’s leading pharmaceutical companies has recorded an…
Financial Services Investments, Financials & Economy LATEST NEWS Equity Group net profit for the first half of 2020 falls by 24.3% 1 month ago KENYA – Equity Group, a financial services holding company, half-year net profit has tumbled by…
Financial Services Investments, Financials & Economy LATEST NEWS Family Bank records a 75.2% net profit growth for the first half of 2020 1 month ago KENYA – Family Bank, a commercial bank, has reported a 75.2 per cent net profit…
