East Africa’s banks optimistic outlook despite challenges

The African Business ‘Top 100 Banks’ survey, which was published in October 2016, underlined the growing importance of East Africa in the continental banking industry. The region has long been underrepresented in the Top 100 in comparison with the size of its population but has gained two entrants every year since 2013, taking it from 10 that year More...

Barthe Cortes, BVC Airlines
By afriknews On Thursday, September 7th, 2017

Barthe Cortes arms his planes with missile defence system

The cargo planes belonging to BVC, which every day travel the distance over the territories engaged in armed conflict in Africa and Middle East, were many times attacked by „air-ground” missiles. The owner of More...

By afriknews On Saturday, August 19th, 2017

Nigeria banks trying to stabilize 9mobile ahead of sale, FBN says

Nigerian lenders will try to stabilise the business of 9mobile, the country’s fourth largest telecoms group, until they can find new investors, First Bank said, adding that it saw no need to impair loans made More...

By afriknews On Thursday, August 3rd, 2017

Libyan general orders navy to confront ships entering waters

Cairo – The commander of Libya’s self-styled national army in the east has ordered naval bases to confront any vessel entering the country’s territorial waters without military permission. A statement More...

By afriknews On Wednesday, May 17th, 2017

Safaricom is planning to expand M-Pesa mobile money across Africa

Safaricom is planning to take its successful mobile money service M-Pesa across Africa after building a dominant home base in Kenya and presence in its East African neighbors. The news came after UK’s Vodafone More...

By afriknews On Sunday, April 2nd, 2017

Niger President Mahamadou Issoufou rules out bid for third term

Niger’s President Mahamadou Issoufou has stated on Saturday that he would not amend the constitution to seek a third term after his second and last five-year legal term in 2021. “One of my greatest ambitions More...

By afriknews On Tuesday, February 21st, 2017

Senegal: 38th PMAWCA kicks-off in Dakar, to make African ports more competitive

How to make African ports more competitive was the issue on the table at the 38th Port Management Association of West and Central Africa (PMAWCA) in Dakar, Senegal. Managers of Africa’s ports met to deliberate More...

By afriknews On Tuesday, February 21st, 2017

South African rand rigging scandal: Citibank agrees to $5.3m settlement

One of the banks implicated in the recent scandal surrounding the South African currency, the rand; has agreed to pay an administrative penalty for their part in the forex trading scandal. The News24 portal reports More...

By afriknews On Monday, December 26th, 2016

East Africa: Gulf Nation Grows Military Foothold in Horn of Africa

The United Arab Emirates is proving to be a powerful actor in the Northeast Africa peninsula which is home to eight nations. It has secured two military bases, one in Eritrea and the other one in Somaliland, strategic More...

By afriknews On Friday, November 25th, 2016

Ethiopia: A year after protests started – Timeline of events

This is the concluding part of our article, Ethiopia: A year after protests started – Timeline of events [1] which took a retrospective look at the events in Ethiopia a year after anti-government protests broke More...