Kevin Mwanza, 10:20 am
Air Zimbabwe, the troubled national carrier of Zimbabwe, is in talks with an un-named Malaysian airline over plans to lease a Boeing 787 jet as it plans to acquire long-haul aircrafts and match competition from more established airlines, at the continental and global routes. The loss-ridden airline is also targeting new routes including China, Malaysia and Singapore that are currently dominated by Emirates and Ethiopian Airlines, among other carriers.
Kevin Mwanza, 10:00 am
Ethiopia chose economic growth over the economic inclusion of its people, despite their persistent protests, and now it is paying the price through a state of emergency. After hundreds of deaths ignored by the international community and trampled upon by the government’s security forces, the next six-months are set to be key to the country. It will be a testing period for the nation to maintain investor confidence on the back of the Oromia protests.
Kevin Mwanza, 7:33 am
At least 12 people, including teachers, were killed on Tuesday morning after gunmen attacked Bishaaro Hotel in Mandera town, barely two weeks after a similar attack on a residential plot in the town that left six people dead. The militant group however, claimed that it had killed 15 people in the attack that targeted non-Muslims. “I counted nine bodies being removed from the building by colleagues, those dead could be more,” Reuters quoted a policeman who sought anonymity.
Kevin Mwanza, 9:42 am
Ethiopia, the fastest growing economy in sub-Saharan Africa is under a six-month state of emergency as the government tries to restore order after months of Oromia protests that are threatening to undo the economic gains in the country. The horn of Africa nation represents a familiar narrative across Africa where talk of economic developments has come at the expense of social and political oppression.
Kevin Mwanza, 7:26 am
Atlas Mara Limited, the banking firm set up by Bob Diamond, former Chief Executive Officer at Barclays Plc is in talks to buy a stake in Crane Bank Limited, the third biggest bank in Uganda which has faced financial problems since September last year. The financial services-focused investment firm said in initiated plans to buy stakes in the Ugandan bank last month but controversy surrounding its valuation has held back the move.
Kevin Mwanza, 11:39 am
From Ecobank Research via How We Made It In Africa Ghana’s oil output has been boosted with the start of production from the Tweneboa, Enyenra & Ntomme (TEN) project in August. The oilfield, which is expected to peak at about 80,000 bpd in 2018 has produced its first barrel, and is expected to maintain a […]
Kevin Mwanza, 9:27 am AFKI Original
Nigeria, the second largest economy in Africa, has a population of 167 million people making it the most populous country on the continent. The West African nation is also the second-top producer of oil in Africa, after Angola. It has been in an economic crisis since 2014 and slipped into a recession this year. Below are 10 things to know about the economic recession in Nigeria.
Kevin Mwanza, 5:39 am
Ghana will relocate the statue of Mahatma Gandhi, an Indian independence leader, from the University of Ghana due to the late civil rights leader’s past controversial links to racism. Professors and students at the university launched a petition to remove Gandhi’s statute last month, just three months after Indian President, Pranab Mukherjee inaugurated it as a symbol of unity between the two nations.
Kevin Mwanza, 5:08 am
Riek Machar, former South Sudan vice-president turned rebel leader, who fled to South Africa in August for medical treatment, has said he plans to return to the war-torn East African nation to continue with the war against the government Machar had fled to Khartoum in July after the Sudan government rescued him in a sickly […]
Kevin Mwanza, 8:42 am
The Abraaj Group, a United Arab Emirates (UAE) based private-equity investment firm, is seeking to invest in Kenya’s growing healthcare market and use it as a launching pad to build a network of hospitals to offer decent and affordable medical services in Africa. The Dubai-based group is in talks to acquire Metropolitan Hospital and other healthcare centers in the capital of East Africa’s biggest economy