News

WorldRemit sees huge growth in money transfers to Tanzania

02-20-2017 | 09:45:00
Digital money transfer service WorldRemit is consolidating its rapid expansion into Tanzania, supporting the growing demand for instant remittances to the country from over 4 million expatriates living abroad.

MTN launches MoKash savings, loan service in Rwanda

02-20-2017 | 09:40:00
MTN mobile money subscribers have a new avenue to save and borrow money thanks to a new platform, known as MoKash.

Research Calls for New Approach to Youth Employment Training Strategies in Africa

02-20-2017 | 09:30:00
Innovative research released by The MasterCard Foundation is making the case for a new approach to youth employment training strategies in Africa.

[Algeria] Bakhouche Alleche appointed interim Director General of Air Algerie

02-20-2017 | 07:13:32
Bakhouche Alleche has been appointed as interim Director General of national airline Air Algerie, in replacement of Mohamed Abdou Bouderbala who will take up other duties.

Kenya, Uganda and Rwanda in joint tourism drive

02-20-2017 | 07:12:32
In a move meant to easily reach and capture more tourists, Kenya, Uganda and Rwanda have come together to launch the first of its kind East African destination portal.

[Zimbabwe] Pure Oil Industries tightens grip on local market with $6 million investment

02-20-2017 | 07:01:38
Pure Oil Industries (Pvt) Ltd, the manufacturer of ZimGold cooking oil, has invested US$6 million in new projects as it seeks to consolidate its grip on the local market in the wake of growing local demand. Over the past three years, the company has grown fromproducing 1,4 million litres per month to seven million litres.

[Kenya] I&M completes acquisition of Giro Commercial Bank

02-20-2017 | 06:59:25
I&M Holdings has announced the successful completion of merger of Giro Commercial Bank Limited (GCBL) into I&M Bank Limited (IMBL), which is IMHL’s banking flagship subsidiary.

[Ghana] MoneyGram and Capital Bank count on new partnership to grow customer numbers

02-17-2017 | 16:05:00
MoneyGram and Capital Bank, announced today the launch of MoneyGram’s services across Capital’s Bank network in Ghana.

South African Airways announces codeshare agreement with Air Seychelles

02-17-2017 | 16:00:00
South African Airways has announced a new codeshare route with Air Seychelles from Seychelles to Durban.

[Kenya] Tourism Finance Corporation introduces $8 million loan facility for hoteliers

02-17-2017 | 13:35:04
Tourism Finance Corporation has set aside $8 million loan kitty for hoteliers to improve and upgrade their facilities, the state-owned agency said.

[Tanzania] Tigo launches data and voice bundle combo

02-17-2017 | 13:32:00
Following the launch of “Megamix” - the first ever Data bundle with Free Minutes and SMS, in October 2016, Tigo Tanzania launched another data and voice bundle combo.

Kenya Association of Manufacturers and Kenya Power address power supply hitches via Whatsapp

02-17-2017 | 10:30:03
The Kenya umbrella body for manufacturers, Kenya Association of Manufacturers, is working with power utility company Kenya Power in addressing power supply, a key component for manufacturers.

Bowmans grows Oil & Gas offering with key partner appointment

02-17-2017 | 10:00:49
Leading pan-African law firm, Bowmans, has appointed London-based lawyer, Nicolas Bonnefoy, as a partner in its Oil & Gas Sector Group.

[Nigeria] Mobolaji Lawal appointed Executive Director of Guaranty Trust Bank plc

02-17-2017 | 06:25:59
The Board of Directors of foremost African financial institution; Guaranty Trust Bank plc, has announced the appointment of Mobolaji Lawal as an Executive Director of the Bank. Prior to his appointment, he was the Divisional Head, Digital Banking Division.

National Bank of Kenya bets on cashlite system to grow revenue

02-17-2017 | 06:16:15
Kenya’s tier 2 lender National Bank of Kenya is looking at growing non-interest income avenues occasioned by the capping of interest rates last year which has so far slashed interest earnings on loans.

[Togo] Asky Airlines targets Johannesburg and Paris routes

02-17-2017 | 06:14:20
West African carrier Asky Airlines plans to extend its route network to Paris and Johannesburg as the airline part-owned by Ethiopian Airlines seeks to increase passenger numbers and revenue.

Kenya Bankers Association unveils interbank app to rival MPESA

02-16-2017 | 16:02:02
Kenya Bankers Association has unveiled a new inter-bank application that will enable the transfer of funds from one bank account to another in real-time.

African Development Bank approves new $28.2 million funding injection in Shelter Afrique

02-16-2017 | 15:56:06
The African Development Bank has disbursed an equity investment of $8.2 million in Shelter Afrique, a Development Finance Institution investing in affordable housing for Africa.

East African youth embrace agriculture as a side hustle, survey

02-16-2017 | 12:58:00
Millennials in East Africa are turning to Agriculture as a side business, a majority have attempted to turn their side hustle into their main focus borrowing starting capital from banks and relatives.

The Style Group Innovates social retail in Nigeria

02-16-2017 | 12:51:11
Nigerian contemporary lifestyle retail group The Style Group, is leapfrogging the brick-and-mortar sales of fashion, accessories and design services and instead focuses on offering them via modern social media commerce.