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Editorial Staff

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Population movements inside Africa play growing development role, says UN report

AFRICAN migration could boost growth and positively transform the structure of the continent’s economy according to UNCTAD’s 2018 Economic Development in Africa Report: Migration...

Lidya raises $6.9 million in a Series A round led by...

LIDYA, the digital financial services platform focused on improving access to credit for micro-, small-, and medium-sized enterprises (MSMEs) in Africa, has raised $6.9...

Ethiopia diversifies trade access with Sudan and Kenya port investments

ETHIOPIA will take a stake in Port Sudan in its latest deal to boost and diversify its maritime business. The deal was reached at a...

Uganda invites bids for $1bn expressway

UGANDA has invited bids from private investors to develop and operate a new 95km highway between its capital Kampala and a town in the...

The mirage of Djibouti’s economic success

UK-BASED business risk intelligence company, EXX Africa, has published a special report on the country’s investment outlook. At first sight, Djibouti seems to be an...

Nigerian billionaire closes financing with a New York-based PE firm

NIGERIAN cement company, Ibeto Cement (Ibeto), has executed a binding Equity Subscription Agreement with New York-based private equity firm, Milost Global Inc. for a...

Mixed news on Kenya pipeline projects

KENYA’S flagship midstream project suffered a fresh setback  early May – the contractor demanded a further compensation payment from Kenya Pipeline Co. (KPC) for...

Agility is funding the development of domestic and regional trade in...

AGILITY, a leading global logistics provider, has leased warehouse space in the Agility Warehouse Park in Ghana to Cummins for a new West African...

Kenyan forex reserves steady at $9.1bn on high inflows

KENYA’S forex reserves have stabilised at an average of $9.1bn on steady inflows from agriculture, offshore investors and diaspora remittances. The gross reserves have for...

500,000 Ethiopians to participate in mass athletics events in support of...

ETHIOPIA expects about 500,000 participants in mass athletics events that will be held on May 27, aimed at bolstering public support for a mega...