Tuesday, June 18, 2019

Study shows growing Desalination Investments in Africa

A recent study conducted by Frost & Sullivan found that the desalination market in Africa has recovered from the global economic downturn in 2015-2017,...

Zambia’s move to replace Value Added Tax (VAT) makes progress

Zambia’s Finance Minister, Margaret Mwanakatwe, announced during the 2019 budget presentation last year that government will abolish Value Added Tax (VAT) and replace it...

Econet buys back Strive Masiyiwa’s first mobile network, Mascom, for $300...

Econet International Limited is buying back a 53% stake in Mascom Wireless, Botswana’s largest mobile operator, for an estimated $300 million. Strive Masiyiwa founded Mascom...

Fintech platform TeamApt closes $5.5M series A round

TeamApt, a Nigerian fintech company that provides digital solutions and payment infrastructure for Africa, has closed on a $5.5M Series A round, led by...

Nigeria sees stocks, bonds rise following presidential election

Nigeria’s stocks and bonds rose today after the conclusion of a presidential election over the weekend lifted a layer of political uncertainty in Africa’s biggest...

Hyundai opens its first East African assembly plant in Ethiopia

Hyundai, the South Korean Motor Company has opened its first factory in East Africa, a 10,000-a-year vehicle capacity assembly plant in Addis Ababa, Ethiopia. Former...

A South African tax budget for renewal and growth

"This is a budget that plants a seed for renewal and growth" said the South African Minister of Finance, Tito Mboweni, in his Budget...

Bharti Airtel unit to merge with Telkom Kenya

Bharti Airtel said its unit Airtel Networks Kenya and Telkom Kenya have signed a pact to merge operations, which will help the Sunil Mittal-led...