Communications A-Trader

Kenya's Safaricom plans joint bid with Vodacom for Ethiopia licence

The bid is for one of two Ethiopian telecoms licences that will be offered next year

Trading A-Trader

Nairobi Securities Exchange Launches New Equities Trading System

The new system functionalities are in line with international standards and best practice as envisioned in the Kenyan Capital Markets Master Plan.

Markets A-Trader

WEEKAHEAD-AFRICA-FX-Kenya, Zambia currencies seen firm, Uganda, Tanzania's soft

Kenyan and Zambian currencies are likely to gain against the U.S. dollar next week.

LATEST NEWS
FEATURED NEWS
Markets
Municipal Bonds Can Fund East Africa's Infrastructure Projects
In the mid-90s, India undertook reforms to develop a functioning municipal bonds market.The same can be applied across East African Countries.
Global Economy
IMF Sees Sub-Saharan Africa Growth at 3.2% in 2019
Growth will vary across countries and it is projected to remain strong by about 6% in non-resource intensive countries and this applies to about 24 countries
Transportation
Volkswagen brings electric cars to Rwanda
In a sign of the changing times, Volkswagen is bringing 50 electric cars to Rwanda for the launch of its ride-hailing service "Move" in Africa
Economy
Tanzania records second fastest growth in East Africa with Q2 GDP growth of 7.2%
Tanzania's second quarter GDP growth has risen to 7.2% versus 6.1% for the same period in 2018, recording the second fastest growth rate in the region for the second Quarter thus far.
Communications
Safaricom gains $40m after appointment of Kenyan CEO
In Summary: Safaricom on Thursday evening announced the appointment of senior Diageo executive Peter Ndegwa to replace the late Bob Collymore at the helm of East Africa’s most profitable company. Safaricom has been under the stewardship of interim chief
Transportation
How many billions can Tanzania fetch from ports?
Tanzania is geographically positioned at strategic corridor to prove billions from its marine transport corridor
Global Economy
Is Russia eyeing a piece of EAC for investment?
Reports indicate that trade between has Russia and Africa by last year reached a total of $20 billion.
Banking
Airtel Africa partners with Ecobank Group
Through Ecobank, Airtel Money will now issue both virtual and physical debit and pre-paid cards to Airtel Money customers.
Global Economy
South Africa FDI In Uganda hits $1.3 Billion
In 2017, Uganda export totalled to US$2.79 billion while its import totalled to US$5.84Billion
Communications
Zambia cancels licence of Vodafone franchise holder over poor capacity
LUSAKA (Reuters) - Zambia's communications regulator said on Thursday it had cancelled the licence for Vodafone's local franchise holder, citing a lack of technical and financial capacity'
Markets
Kenyan mobile money transactions rise 47% in quarter to June over year ago
NAIROBI (Reuters) - Transactions worth 2.1 trillion shillings ($20.3 billion) were conducted via Kenyan mobile money services in the three months to the end of June, up 47% from 1.427 trillion shillings in the same period a year earlier, data from the reg
Energy
Mozambique targets $880 mln in tax from Anadarko takeover - report
MAPUTO (Reuters) - Mozambique is targeting $880 million in capital gains tax from the takeover of Anadarko Petroleum by Occidental Petroleum, local newspaper O Pais reported on Friday.
Energy
Oil major Total closes purchase of Anadarko's Mozambique LNG asset
PARIS (Reuters) - French oil major Total has completed the acquisition of Anadarko's 26.5% stake in Mozambique's liquefied natural gas project for $3.9 billion, Total said on Monday, in a deal expected to raise much-needed revenue for Mozambique.