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South African fintech start-up Omnisient has received a $7.5 million investment from Arise, a company that invests in African financial service providers and fintechs that advance financial inclusion. Founded in...
In a move that sparked widespread controversy, the Kenyan government recently announced a $2.047 billion deal with Adani Airport Holdings Ltd., an Indian conglomerate founded by Gautam Adani, to expand...
The Rwandan government has renewed its commitment to promoting electric mobility by extending the zero-rated import duty on electric and hybrid vehicles until the end of the fiscal year 2024/25....
Jumia Technologies AG, Africa’s e-commerce giant, has reported its financial performance for the second quarter of 2024, revealing a complex interplay of challenges and strategic responses. The company’s revenue for...
A new credit ratings company tailored to Africa’s sovereign borrowers is set to launch next year, according to Albert Muchanga, the African Union’s commissioner for development, trade, tourism, industry, and...
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…
Apple now has the lion’s share of the global smartphone market, knocking Samsung off the top spot for the first time in 12 years. The American phone giant accounted for…
The Washington D.C.-based Securities and Exchange Commission (SEC) has announced charges against SAP SE- a German multinational software company for bribery schemes to government officials in South Africa, Malawi, Kenya,…
The World Bank has, in its latest forecast, painted Uganda’s economic prospects for 2024 as much brighter compared to her neighbours in the Sub-Saharan Africa region. The World Bank published…
WPP has appointed Lindsay Pattison as Global Chief People Officer,with responsibility for the company’s people strategy and operations. Lindsay succeeds Jennifer Remling, who is leaving to become Chief People Officer…
In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and…
The recent resurgence of the M23 armed group in the eastern Democratic Republic of the Congo (DRC) constitutes a serious threat to peace, security and stability in the region, and…
United Arab Emirates residents from Uganda are among travellers who can now gain entry into the gulf state, authorities have reportedly announced. The exemptions are also applicable to travellers from…
