Kenya Re to set up re-takaful unit in Egypt in 2021
The insurer increased its cash reserves through issuance of 2.099 billion of new shares...
Tag : Africa
Egyptian fintech Khazna secures funding from Algebra Ventures
The startup will provide its services to 20 mn Egyptians who have access to a mobile phone but no access to financial services...
Visa, Nigerian fintech Paga to enhance digital payments across Africa
Visa’s partnership with Paga does not involve investment — and is strategically aimed at expansion across the continent...
Safaricom to diversify into energy, to supply power to the national grid
The telco could supply power to the national grid from solar and wind power plants at its base stations...
2020: Coronvairus to see African airlines lose $40 mn in revenue
Many African airlines such as EgyptAir, RwandAir and Kenya Airways have suspended flights to China...
MTN subscriber base reaches 64.3 mn in 2019
Active subscribers also rose to 25.2 million, representing a 34.9% increase from 2018...
South Africa’s King Price buys Stangen, targets life insurance
King Price bought Stangen from African Phoenix Investments for R140 mn...
MTN Nigeria adds 108,000 agents to its mobile money network
The network served one million customers in its first four months...
Kenya Airways names its subsidiary Jumbojet’s head as new CEO
Allan Kilavuka was serving as the acting chief executive since the post became vacant...
Egyptian logistics startup Bosta secures funding from DPDgroup
The funding will be used to position Bosta as a leader in the industry...