Pizza Inn Owner Takes Full Control of Kenya Delivery Business
The bigger test will be whether Kutuma can attract enough independent restaurants and retailers to compete beyond Simbisa's own brands…
Angola is Using Oil Windfall to Fund Economic Diversification as Citi Sees Rising Investment Opportunities
Angola is using a surge in oil revenues to accelerate its economic diversification programme, directing fresh resources to infrastructure, mining,…
Kenya Delays Return to Cleaner Fuel Standards Amid Middle East Supply Disruptions
The announcement does not automatically translate into a change in pump prices. It concerns the quality specifications of imported fuel,…
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Kenyan Companies That Have Attracted Investment from World Bank’s IFC
The International Finance Corporation has backed businesses across Kenya, from supermarkets and banks to manufacturers and affordable housing developers, pointing…
UK Government Joins IFC as Cornerstone Investor in Quickmart IPO
The announcement states that the IFC is participating solely as a commercial investor and that its participation implies no sovereign,…
South African Business Confidence Slips as Oil Price Uncertainty Weighs on Firms
South Africa’s challenge will be to preserve the gains made over the past year while limiting the impact of external…
Over $700 Million Ebola Response Funds Unaccounted For
Africa CDC Director-General Dr Jean Kaseya said the problem was primarily one of transparency and financial reporting, cautioning against jumping…
African Stock Markets Diverge as Tanzania Gains 4.8%
Market capitalisation measures the combined market value of listed shares. It does not, on its own, indicate how actively shares…
Equity Bank Signs $60 Million Deal with AfDB for Kenyan SMEs
The agreement comes amid a persistent shortage of trade finance across Africa. The AfDB estimated that unmet demand stood at…