Africa

Rwanda’s New Ambitious $2Bn International Airport’s Ground-level Works 85% Complete.

by Jonathan LAfricaEast AfricaHospitality & TourismIndustry & AnalysisNews & AnalysisJuly 22, 2024July 22, 2024

The Bugesera International Airport, located about 40 kilometres south of Kigali, is making significant strides in its construction, with ground-level facilities and infrastructure now reported to be 85% complete. Managed…

Mastercard Foundation Taps Seasoned Kenyan Business Executive Carole Wamuyu Wainaina for Board of Directors

by Jonathan LAfricaBusiness GuruEast AfricaGlobal NewsIndustry & AnalysisNews & AnalysisProfilesJune 27, 2024June 27, 2024

Mastercard Foundation has appointed Kenyan business executive, Carole Wamuyu Wainana to its Board of Directors. Carole joins Mastercard Foundation on the back of a tremendous 35-year career as a business…

East Africa’s Top Private Equity Players to Meet in Kampala’s Lakeside Speke Resort Convention Centre for Region’s Largest Private Capital Gathering

by Jonathan LAfricaEast AfricaFinanceNews & AnalysisThe Big StoryJune 8, 2024June 8, 2024

Uganda is set to host the 8th edition of the East Africa Venture Capital Association (EAVCA) Annual Private Capital Conference on the 13th of June 2024 at Speke Resort Convention…

Construction of Kigali Innovation City Project to Kick Off in September.

by Jonathan LAfricaEast AfricaICTIndustry & AnalysisNews & AnalysisStartupsThe Big StoryJune 4, 2024June 4, 2024

Rwanda is set to commence the construction of its ambitious Kigali Innovation City (KIC) in September 2024 after key details regarding the project’s financing were agreed upon on the sidelines…

Rwanda’s Capital Market’s Authority (CMA) Welcomes its New CEO.

by Jonathan LAfricaBusiness GuruEast AfricaFinanceIndustry & AnalysisNews & AnalysisJune 4, 2024June 4, 2024

The Capital Markets Authority (CMA) of Rwanda has welcomed seasoned Botswana financial markets guru, Thapelo Tsheole, as its new Chief Executive Officer (CEO) replacing Eric Bundugu who has been acting…

Access Bank Plc set to acquire National Bank of Kenya from KCB Group Plc

by Muhereza KyamuteteraAfricaCompany NewsEast AfricaThe Big StoryMarch 20, 2024March 20, 2024

In yet another solid step towards its  5-year growth and expansion strategy to become the “World’s Most Respected African Bank”, Access Bank Plc has announced that it has signed a…

Sino-African trade: Absa Group opens office in China

by Muhereza KyamuteteraAfricaCompany NewsThe Big StoryFebruary 1, 2024February 1, 2024

Absa Group today announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, with…

Remittances increase as African migrants head to the West

by CEO ReporterAfricaJanuary 13, 2024January 13, 2024

International migration to rich countries is growing at the fastest pace recorded in more than 15 years, according to the Organization for Economic Co-operation and Development (OECD). The 2023 edition…

The World’s Most and Least Powerful Passports in 2024 

by The CEO Magazine TeamAfricaEast AfricaNews & AnalysisJanuary 11, 2024January 11, 2024

Four European Union member states — France, Germany, Italy, and Spain — join Japan and Singapore in boasting of the most powerful passports in the world, with their citizens able…

Nigeria’s Access Bank Plc set to acquire Uganda’s Finance Trust Bank

by Muhereza KyamuteteraAfricaFinanceNews & AnalysisThe Big StoryDecember 26, 2023December 26, 2023

Access Bank Plc (Access), one of Africa’s largest banking groups, is set to acquire Uganda’s Finance Trust Bank, highly-placed industry sources have told CEO East Africa Magazine. Access Bank Plc,…