April 26, 2018
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April 25, 2018

South Africa is looking to further strengthen its trade ties with Turkey following at least two decades of cooperation between the two nations.

Giving a keynote speech at this year’s Turkey – South Africa Business Forum held in late-April, 2018, South African Ambassador Pile Isaac Malefane noted that the two nations were working to reinforce their existing ties.

This"...

April 25, 2018

The Ecobank Group has invited African fintech entrepreneurs to enter for its Ecobank Fintech Challenge.

Now in its second year, a statement on Monday explained that the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner the pan-African bank in rolling-out their solutions across Ecobank’s 33 markets.

The bank announced"...

April 25, 2018

The Legacy USD Bond Fund, a mutual fund managed by First City Asset Management Limited (FCAM) and registered with the Securities and Exchange Commission (SEC), has been listed on the Nigerian Stock Exchange (NSE).

The Fund, which recorded a 244.44 per cent subscription in its initial public offering (IPO), had raised over $6 million.

A statement quoted the Chief Executive Officer"...

April 25, 2018

Nakumatt Rwanda has been put under provisional administration following several months of cash flow difficulties that threatened the supermarket’s loan repayment capacity.

The Nyarugenge Commercial Court delivered its verdict on April 10, in an application filed by Nakumatt’s board of directors. The court appointed Kayiranga Sebakara Gaspard as the provisional administrator, a development that comes just months after received accolades from"...

April 25, 2018

Netflix Inc said on Monday it planned to raise $1.5 billion (about Sh150 billion) in debt, the second time the company is tapping the debt market in less than a year to fuel a rapid expansion in original content.

The video streaming pioneer, which raised $1.6 billion in debt last October, has been spending aggressively on original content to drive subscriber growth around the world.

Netflix"...

April 25, 2018

Kenya’s County land prices jumped by an average 7.37% in 2017, compared to a 12.07% rise in 2016, suffering a general slowdown due to election uncertainty and the country’s new interest rate cap.

This was revealed during an annual event known as the 2018 East Africa Property Investment (EAPI) Summit held this week.

Kenya had a prolonged election in 2017 after the"...