TechnologyJapan woos African startups to counter China’s BRIInternational Finance DeskAugust 28, 2019December 17, 2019 by International Finance DeskAugust 28, 2019December 17, 2019 Japan to pledge more than 300 billion yen to Africa during the conference... Read more
Telecom9mobile receives $230 million as loan from African FinanceInternational Finance DeskAugust 26, 2019December 17, 2019 by International Finance DeskAugust 26, 2019December 17, 2019 The loan will be used to repay debts, finance costs, and to aid in the growth of the firm... Read more
Oil & GasKenya to export first ever oil consignment worth $12 mnInternational Finance DeskAugust 26, 2019December 17, 2019 by International Finance DeskAugust 26, 2019December 17, 2019 ChemChina buys 200,000 barrels of crude oil from Kenya, to be shipped from the Mombasa port... Read more
BankingKenyan banks seek amendment of interest rate capping lawInternational Finance DeskAugust 22, 2019December 16, 2019 by International Finance DeskAugust 22, 2019December 16, 2019 Kenya Bankers Association asks parliament to increase the interest rate capping limit for industries to flourish... Read more
BankingCBN deadline: Nigerian banks scramble for borrowersInternational Finance DeskAugust 16, 2019 by International Finance DeskAugust 16, 2019 Tier-1 banks with assets greater than or equal to N1 tn are luring borrowers in Tier-2 banks with attractive interest rates... Read more
TelecomMTN says it’s on track to achieve the $1 bn divestment targetInternational Finance DeskAugust 9, 2019March 18, 2020 by International Finance DeskAugust 9, 2019March 18, 2020 The H1 sale report gives confidence to the firm to go forward with its $996 million divestment plan... Read more
FintechAfrican payment gateway fintech Innovate forays into DubaiInternational Finance DeskAugust 8, 2019March 18, 2020 by International Finance DeskAugust 8, 2019March 18, 2020 According to Innovate I Pay, the increasing number of African expatriates in UAE was a crucial deciding factor... Read more
LogisticsKenyan traders reluctant to use SGR, fearful of lossesPritam BordoloiAugust 6, 2019 by Pritam BordoloiAugust 6, 2019 Kenyan authorities issue directive that all cargo imports will be transported from Mombasa to Nairobi via the Standard Gauge Railway... Read more
EconomyAfrican Free Trade Act to boost US exports: South AfricaPritam BordoloiAugust 5, 2019 by Pritam BordoloiAugust 5, 2019 Members have to remove tariffs from 90% of goods which will facilitate free access to goods and services across the continent... Read more
Business LeadersNigeria’s Aliko Dangote sole African in Bloomberg’s top 100 billionairesInternational Finance DeskJuly 19, 2019December 12, 2019 by International Finance DeskJuly 19, 2019December 12, 2019 Three South Africans and two of the Sawiris brothers from Egypt are the other African billionaires on the list... Read more