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Bharti Airtel releases Sh8bn to Kenya unit after rate cut
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| The parent company of Airtel Kenya has agreed to release Sh8 billion to the Kenyan unit to boost its 3G network after the communication regulator cut the rate mobile phone operators charge each other for interconnecting customers by 34 per cent.
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AfDB plans to offer Kenyan currency bonds at the NSE
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| The African Development Bank (AfDB) is planning to sell Kenya-shilling bonds at the Nairobi bourse almost three months after an international ratings service gave it the highest quality rating.
Disclosures contained in a statement from the ARead More... |
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Boost for African Business as MBA Graduates Plan to Return as Entrepreneurs, Reveals Jacana Partners
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| African Diasporan MBA students from leading Western business schools have affirmed their conviction in Africa’s potential for fostering small-to-medium sized enterprises (SMEs). 70 percent will work in Africa after graduation, according to a neRead More... |
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New airlines aim for South Africa
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| TWO new low-cost airlines are planning to enter the South African market despite the brutal operating environment that grounded two companies - Velvet Sky and 1time - this year alone.
Fastjet, a subsidiary of London-based Lonrho, has been inRead More... |
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Samsung continues to Mobilise South Africa
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| Samsung Mobile South Africa has confirmed a multi-million Rand sponsorship of Team MTN-Qhubeka for a three- year period, starting January 2013.
This sponsorship, part of the consumer electronic brand’s key focus on building AfricRead More... |
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Tanzania's Horticulture Earns U.S.$389 Million
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| Horticulture industry has been singled out as the main contributor to foreign earnings in the agricultural sector, thanks to the increase of private investments of the sector in the country.
According to Tanzania Horticultural Association (TRead More... |
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DHL Express Launches Facility to Boost Trade
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| DHL Express Tanzania has launched a modern courier and transit facility at the Julius Nyerere International Airport, giving the company a boost in rapid trade and economic growth in Tanzania through its services.
The facility which was launcRead More... |
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Barclays agrees deal to combine Africa businesses
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| Barclays on Thursday said it had agreed a deal to combine the majority of the British bank's Africa operations with Absa -- the lender's African subsidiary.
"This transaction will give us a platform from which we can further grow our AfRead More... |
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Ethiopia deal signals cheaper power in Kenya
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| Lower energy costs are on the horizon for Kenyan consumers, after the government secured a Sh37.5 billion ($441 million) credit agreement to import cheaper electricity from Ethiopia.
Once the 1,045 kilometre transmission power line between tRead More... |
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Kenya rises six slots in global trade and capital flow rating
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| Kenya has been ranked six places better than last year in a new report measuring the connectedness of countries to international flows of trade, capital, and information.
The country rose from position 104 in 2010 to 98 last year, out of 140Read More... |
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IFC deal with Co-operative Bank to boost small business, farmers
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| Co-operative Bank Group has procured a loan of $60 million (Sh5.1 billion) from the International Finance Corporation (IFC), the private sector lending arm of the World Bank Group.
The proceeds of the seven-year dollar denominated loan facilRead More... |
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AfriSam signs up to 49M pledge
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| AfriSam has achieved another significant milestone in its history by becoming the first construction materials company to sign the 49M pledge.
The 49M campaign is an Eskom initiative which was launched in South Africa in March last year as aRead More... |
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Kenya-South Africa Business Lobby Launched
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| Although South Africa has had cordial and long-standing relationship with Kenya, there has been no formal business lobby to serve the interests of the two countries.
This came to an end last Thursday evening during the launch of the Read More... |
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GE plans Nigeria hub for growth of African business
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| General Electric (GE) a diversified blue chip American conglomerate, plans to make Nigeria a hub for its African businesses as it moves to grow its presence in the region.
GE specialises in developing technology solutions for infrastructure Read More... |
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Meetings Africa 2013 to boost continental competitiveness in business events
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| Meetings Africa, an annual event for the meetings and events industry currently focusing on suppliers from South Africa, is to broaden its appeal by expanding the exhibitor base to include representatives from the wider African continent.
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