Safaricom has ventured into the restaurant business by launching an M-Pesa payments platform for restaurant bills.
African start-up and mobile phone maker, Mi-Fone, says it is finalising plans to establish a US$30 million manufacturing plant in Nigeria.
Africa’s agricultural market could reach $1 trillion over the next two decades.
With access to capital being one of the challenges most SMEs in Africa face, crowdfunding services have a role to play in helping to tackle this problem.
Pharmaceutical spending in Africa is expected to reach USD30bn by 2016.
Eldoret-Juba road of Kenya and South Sudan will be upgraded and a one-stop border post at Nadapal will be built.
Sub-Saharan Africa continues to be a hotspot for investment banking deals, reports Bloomberg.
The World Bank this week issued its Global Economic Prospects for January 2013, reflecting strong medium-term growth expectations for sub-Saharan Africa, a continuation of the solid growth seen.
Burundi has increased its exports within the East African region by about 15% since joining the bloc in 2007.
Uganda’s oil deposits are 40% higher than earlier believed.
Last week was a watershed moment for Zambia, as the country saw the hugely successful issuance of its debut US$750m record-breaking Eurobond on the international market.
The death of the 57 year old Ethiopian Prime Minister, Meles Zenawi, in a Belgian hospital last week heralded challenging times ahead for Ethiopia.
The need for Africa to diversify its economy from commodities alone has been mentioned constantly by many economic commentators.
In a statement released by Absa yesterday, the South African bank announced that UK banking giant Barclays is looking at combining the majority of its operations in Africa with its Absa subsidiary, in line with its strategy to operate as ‘One Bank’ across the continent.
Kenya’s first large-scale mine is on track to spur development of the mining sector