LogisticsKuwait’s Agility to develop $200 mn warehouse parks in AfricaInternational Finance DeskSeptember 10, 2019December 17, 2019 by International Finance DeskSeptember 10, 2019December 17, 2019 The company plans to develop three warehouse parks in Abidjan in Ivory Coast, Maputo in Mozambique and Lagos in Nigeria... Read more
FintechEgypt’s Fawry targets UAE, Saudi Arabia, and Kuwait for expansionInternational Finance DeskSeptember 9, 2019December 17, 2019 by International Finance DeskSeptember 9, 2019December 17, 2019 Fawry is also considering a deal with a UAE bank to use its technology platform in the UAE and other gulf countries... Read more
TelecomAirtel East Africa head to grow data, mobile money revenueInternational Finance DeskSeptember 6, 2019December 17, 2019 by International Finance DeskSeptember 6, 2019December 17, 2019 Ian Ferrao will also be a part of the Africa Executive Committee based in Nairobi and will focus on Airtel’s growth in East Africa... Read more
AviationKenya Airways to revamp JV agreement with Air France-KLMInternational Finance DeskSeptember 5, 2019December 23, 2019 by International Finance DeskSeptember 5, 2019December 23, 2019 The Kenyan airlines is seeking renegotiations over cost and revenue sharing deal and the ability to enter into agreements with other airlines... Read more
FintechKenyan fintech 4G Capital to increase lending to SME’sInternational Finance DeskSeptember 3, 2019December 17, 2019 by International Finance DeskSeptember 3, 2019December 17, 2019 The number of loans to be lent by the fintech in 2019 will be 420,000 which is worth $46 million... Read more
BankingKenya’s Equity Bank appoints ex-World Banker as new COOInternational Finance DeskSeptember 3, 2019December 16, 2019 by International Finance DeskSeptember 3, 2019December 16, 2019 As the new COO, John Wilson will oversee Equity Bank Kenya’s operations at the group level... Read more
BankingMTN Nigeria launches new mobile financial servicesInternational Finance DeskAugust 30, 2019December 16, 2019 by International Finance DeskAugust 30, 2019December 16, 2019 The new scheme will enable cash transfers and payments through mobile connections... Read more
TechnologyWEF launches forum to help African startups compete globallyInternational Finance DeskAugust 29, 2019December 17, 2019 by International Finance DeskAugust 29, 2019December 17, 2019 WEF African Growth Platform will bring together governments, investors, and entrepreneurs to the ease funding... Read more
TelecomInvestigation: Telkom Kenya, Airtel Kenya merger stalledInternational Finance DeskAugust 29, 2019December 17, 2019 by International Finance DeskAugust 29, 2019December 17, 2019 Merger suspended on the basis of recapitalisation and misappropriation of funds at Telkom... Read more
BankingStandard Bank targets micro-merchants, invests in fintechInternational Finance DeskAugust 28, 2019December 16, 2019 by International Finance DeskAugust 28, 2019December 16, 2019 Standard Bank buys stake in local fintech firm Nomanini, which connects informal merchants with distributors via an e-wallet... Read more