Southern Africa’s economic powerhouses, Namibia and South Africa, are poised for a collaborative leap forward. Recognizing the limitations imposed by aging infrastructure, they have undertaken on a joint venture to address critical bottlenecks in ports and railways. This strategic investment, amounting to $377 million over three years, signifies their commitment to revitalize regional trade. This […]
Hold onto your hats, crypto enthusiasts! Bitcoin shattered records this week, soaring past $71,000 with no signs of stopping. This surge is fueled by a perfect storm: a flood of cash from new investment vehicles, hopes of a Federal Reserve rate cut, and a looming supply squeeze. Think of it like a gold rush, but […]
Egypt, facing its worst economic crisis in decades, has secured a significantly increased bailout package from the International Monetary Fund (IMF) to the tune of $8 billion. This comes as the nation battles a confluence of internal and external challenges that have pushed its economy to the brink. The initial $3 billion package offered by […]
Get ready for smoother skies! Ethiopian Airlines just made a major move, securing eight brand new Boeing 777-9 widebody jets with the potential for 12 more. This ambitious investment positions them as the first airline in Africa to fly the 777X, a fuel-efficient powerhouse designed for long-haul travel. This deal comes at a critical time […]
Tanzania and Ethiopia just signed a series of agreements that could seriously shake things up in the region’s economy. These two powerhouses are joining forces to unlock a treasure trove of opportunities for their citizens, focusing on everything from growing delicious coffee and tea to soaring through the skies together. Witnessing this historic moment were […]
Uganda is preparing to soar into a new era of air travel, ditching its cautious stance and joining the Single Africa Air Transport Market (SAATM). This long-awaited decision ends years of “fence-sitting” and signifies a commitment to increased connectivity and potentially lower fares for air travel within Africa. Previously, concerns over protecting Uganda’s national carrier […]
A momentous occasion for Kenya! The European Union Parliament has approved a game-changing trade agreement, granting Kenyan businesses and farmers unfettered access to the massive EU market. This innebär (Swedish for “means”) eliminating quotas and duties on Kenyan exports, opens doors to a thriving new marketplace for everything from vibrant flowers and aromatic coffee to […]
A shadow has been cast over Kenya and Namibia’s financial sectors as the global watchdog, the Financial Action Task Force (FATF), added them to its “grey list.” This designation signifies a need for heightened monitoring due to shortcomings in their anti-money laundering (AML) and counter-terrorism financing (CTF) measures. While Kenya downplays the potential impact, the […]
The inaugural UK-Rwanda Business Forum, held in Kigali, Rwanda from January 29th to 31st, 2024, brought together leading figures from both nations to explore potential and foster stronger economic ties. Held under the theme “Succeeding in Rwanda: Unlocking Growth & Opportunities,” the forum focused on creating a platform for collaboration and investment, with a specific […]
A planned media takeover in South Africa has hit a major snag, leaving the future of a leading pay-TV company hanging in the balance. French media giant Groupe Canal+ aimed to acquire the entirety of MultiChoice, a prominent African pay-TV company but their plans have been halted by a recent ruling. Initially, Canal+, already holding […]
