Global News

Who is Gautam Adani, the Indian Multi-Billionaire Behind the Controversial Kenya Airports Deal?

Jonathan N. LubwamaC-Suite LeadershipEast AfricaEntrepreneurshipExecutive ProfilesGlobal NewsHospitality & TourismThe Big StoryAugust 27, 2024August 27, 2024

In a move that sparked widespread controversy, the Kenyan government recently announced a $2.047 billion deal with Adani Airport Holdings Ltd., an Indian conglomerate founded by Gautam Adani, to expand…

Rwanda Has Extended its Import Tax Exemptions on Electric Vehicles to 2025.

Jonathan N. LubwamaBusiness & MarketsEast AfricaEntrepreneurshipGlobal NewsNews & AnalysisPolitics & GovermentAugust 7, 2024August 7, 2024

The Rwandan government has renewed its commitment to promoting electric mobility by extending the zero-rated import duty on electric and hybrid vehicles until the end of the fiscal year 2024/25….

Jumia’s Revenue Falls 25% in Q2 2024, Set to Raise $100m to Improve Cash Position.

Jonathan N. LubwamaBusiness & MarketsCompany NewsEntrepreneurshipGlobal NewsTechnology & InnovationThe Big StoryAugust 7, 2024August 7, 2024

Jumia Technologies AG, Africa’s e-commerce giant, has reported its financial performance for the second quarter of 2024, revealing a complex interplay of challenges and strategic responses. The company’s revenue for…

Rwanda’s New Ambitious $2Bn International Airport’s Ground-level Works 85% Complete.

Jonathan N. LubwamaBusiness & MarketsEast AfricaGlobal NewsHospitality & TourismNews & AnalysisJuly 22, 2024July 22, 2024

The Bugesera International Airport, located about 40 kilometres south of Kigali, is making significant strides in its construction, with ground-level facilities and infrastructure now reported to be 85% complete. Managed…

A Credit Rating Agency for Africa to Rival Moody’s and Fitch, Set to be Launched in 2025.

Jonathan N. LubwamaBusiness & MarketsEast AfricaGlobal NewsNews & AnalysisJuly 22, 2024July 22, 2024

A new credit ratings company tailored to Africa’s sovereign borrowers is set to launch next year, according to Albert Muchanga, the African Union’s commissioner for development, trade, tourism, industry, and…

Mastercard Foundation Taps Seasoned Kenyan Business Executive Carole Wamuyu Wainaina for Board of Directors

Jonathan N. LubwamaBusiness & MarketsEast AfricaEntrepreneurshipExecutive ProfilesGlobal NewsNews & AnalysisJune 27, 2024June 27, 2024

Mastercard Foundation has appointed Kenyan business executive, Carole Wamuyu Wainana to its Board of Directors. Carole joins Mastercard Foundation on the back of a tremendous 35-year career as a business…

East Africa’s Top Private Equity Players to Meet in Kampala’s Lakeside Speke Resort Convention Centre for Region’s Largest Private Capital Gathering

Jonathan N. LubwamaBanking & Financial ServicesEast AfricaGlobal NewsNews & AnalysisThe Big StoryJune 8, 2024June 8, 2024

Uganda is set to host the 8th edition of the East Africa Venture Capital Association (EAVCA) Annual Private Capital Conference on the 13th of June 2024 at Speke Resort Convention…

Construction of Kigali Innovation City Project to Kick Off in September.

Jonathan N. LubwamaBusiness & MarketsEast AfricaEntrepreneurshipGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryJune 4, 2024June 4, 2024

Rwanda is set to commence the construction of its ambitious Kigali Innovation City (KIC) in September 2024 after key details regarding the project’s financing were agreed upon on the sidelines…

Rwanda’s Capital Market’s Authority (CMA) Welcomes its New CEO.

Jonathan N. LubwamaBanking & Financial ServicesBusiness & MarketsEast AfricaEntrepreneurshipGlobal NewsNews & AnalysisJune 4, 2024June 4, 2024

The Capital Markets Authority (CMA) of Rwanda has welcomed seasoned Botswana financial markets guru, Thapelo Tsheole, as its new Chief Executive Officer (CEO) replacing Eric Bundugu who has been acting…

Access Bank Plc set to acquire National Bank of Kenya from KCB Group Plc

Muhereza KyamuteteraCompany NewsEast AfricaGlobal NewsThe Big StoryMarch 20, 2024March 20, 2024

In yet another solid step towards its  5-year growth and expansion strategy to become the “World’s Most Respected African Bank”, Access Bank Plc has announced that it has signed a…