Ethiopia, Kenya, Tanzania and Uganda are East Africa’s economic powerhouses and are enjoying significant economic growth, with GDP forecasted to grow by between 5.2 per cent and 8.5 per cent in 2018, according to Ecobank’s the newly published East Africa section of AfricaFICC
Commerce
Orange, Google look for joint investments
Frances Orange said that it has partnered with search engine giant Google through the companys venture capital arm, Orange Digital Ventures (ODV), to explore investment opportunities in Europe, the Middle East and Africa
Nimbus increases stake in Paratus Namibia
Nimbus Infrastructure Limited, Namibia’s first listed Capital Pool Company (CPC), has increased its shareholding in Paratus Namibia to 51.4 per cent in a share swap transaction
Communications committee resolves to recommend suspension of ICASA chairperson in SA
The Portfolio Committee on Communications has resolved to recommend to the National Assembly (NA) that the minister of communications, Nomvula Mokonyane, has suspended the chairperson of the Independent Communications of South Africa, Rubben Mohlaloga
IFC and Mastercard Foundation extend financial inclusion for millions in Africa
IFC, a member of the World Bank Group, has joined forces with the Mastercard Foundation to present a new report detailing the transformation underway in financial inclusion in sub-Saharan Africa