Global News

Rotarian Emmanuel Katongole Confirmed as Rotary International Director for Africa

by Brian EmorutAfricaAfricaGlobal NewsNews & AnalysisProfilesThe Big StoryDecember 16, 2024December 16, 2024

The Rotary community in Africa is celebrating the confirmation of Rotarian Emmanuel Katongole as the incoming Rotary International Director (RID) for Zone 22 (Africa). He is a former District Governor…

Is Africa on the Cusp of a New Growth Spurt in 2025?

by Brian EmorutAfricaGlobal NewsNews & AnalysisDecember 6, 2024December 6, 2024

Despite ongoing challenges across Sub-Saharan Africa (SSA), Citi economists have indicated that the continent is undergoing another important moment in its growth trajectory.  David Cowan, Citi Economist for SSA, and…

South Africa Founded Fintech Omnisient Secures $7.5 Million Investment From Arise to Grow Financial Inclusion Across Africa and Beyond.

by Jonathan LAdvertising & CommunicationAfricaCompany NewsFinanceFintechsGlobal NewsICTIndustry & AnalysisThe Big StoryAugust 27, 2024August 27, 2024

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…

Who is Gautam Adani, the Indian Multi-Billionaire Behind the Controversial Kenya Airports Deal?

by Jonathan LAfricaBusiness GuruCEOsEast AfricaGlobal NewsHospitality & TourismProfilesThe Big StoryAugust 27, 2024August 27, 2024

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…

Rwanda Has Extended its Import Tax Exemptions on Electric Vehicles to 2025.

by Jonathan LAfricaEast AfricaGlobal NewsGovernment AgenciesIndustry & AnalysisMinistries, Agencies & DepartmentsNews & AnalysisStartupsAugust 7, 2024August 7, 2024

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’s Revenue Falls 25% in Q2 2024, Set to Raise $100m to Improve Cash Position.

by Jonathan LCompany NewsGlobal NewsICTIndustry & AnalysisStartupsThe Big StoryAugust 7, 2024August 7, 2024

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 Credit Rating Agency for Africa to Rival Moody’s and Fitch, Set to be Launched in 2025.

by Jonathan LEast AfricaGlobal NewsIndustry & AnalysisNews & AnalysisJuly 22, 2024July 22, 2024

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 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…

Apple becomes world’s biggest phone maker, surpassing Samsung

by CEO ReporterGlobal NewsICTJanuary 17, 2024January 17, 2024

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…

German software firm, SAP, fined USD 100 million over bribery in five African countries 

by The CEO Magazine TeamGlobal NewsIndustry & AnalysisThe Big StoryJanuary 14, 2024January 14, 2024

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,…