(NAIROBI, KENYA) – Airtel Money has signalled a mobile money price war with Safaricom’s M-Pesa in Kenya, as its parent firm disclosed plans to expand market share in a market where high penetration limits room for organic growth. Kenya’s mobile money segment has for years been dominated by Safaricom’s M-Pesa,Continue Reading
(NAIROBI, KENYA) – Kenya’s planned 243-kilometre Mau Summit-Malaba dual carriageway has cleared an initial viability test, with consultants finding that the proposed toll road can be built within the existing corridor. The outcome paves the way for a more detailed feasibility study that will set the project’s final cost, trafficContinue Reading
(JUBA) – The Bank of South Sudan has appealed a United States court ruling that enforces a $1 billion arbitration award in favour of Qatar National Bank. According to Law360, the appeal was filed with the United States Court of Appeals for the District of Columbia Circuit in September 2026.Continue Reading
(JUBA) – Pan-African lender Ecobank Group has committed to lending $2 billion to women-owned businesses across Sub-Saharan Africa by 2030. The plan includes South Sudan, where Ecobank operates as one of its 34 markets on the continent. According to Ecobank Group, the commitment is part of a combined $2.6 billionContinue Reading
(JUBA) – Deep in the heart of South Sudan, a natural spectacle unfolds each year that rivals the famous wildebeest migration of East Africa. Nearly six million antelopes travel across the Boma-Badingilo landscape in what scientists have confirmed as the world’s largest land mammal migration. The migration, known as theContinue Reading
(JUBA) – The government has directed mobile network operators Zain, MTN and Digitel to settle all tax obligations in cash. The move forms part of a wider push to strengthen domestic revenue collection and ease a severe liquidity crisis. The directive was issued by the Ministerial High Level Committee onContinue Reading
(NAIROBI, KENYA) – Airtel Money has set the price of its planned London Stock Exchange initial public offering at £1.96 ($2.60) per share, valuing the mobile money business at about £5.3 billion ($7 billion). The valuation is equivalent to KES 913.1 billion. It marks a major step in Airtel’s planContinue Reading
(DAKAR, SENEGAL) – African countries have recovered $758.04 million in additional tax revenue in the first seven months of 2026, as policymakers and tax experts called for stronger systems to reduce illicit financial flows. The African Tax Administration Forum said its supported interventions generated $529.71 million in additional tax assessmentsContinue Reading
(NAIROBI, KENYA) – Kenya’s Capital Markets Authority has delayed approval of a financial instrument that would allow local investors to buy into the Dangote Petroleum Refinery share sale for as little as KES 490 ($3.79 / GBP 2.85). The regulator says promoters of the instrument, known as global depository receipts,Continue Reading
(HARARE, ZIMBABWE) – Wicknell Munodaani Chivayo, the Zimbabwean businessman whose name became synonymous with government tenders, lavish gifts and a fortune he claimed exceeded $100 million, died on 30th September 2026 in a helicopter crash in Marondera, east of Harare. He was 43. His wife, Lucy “Lulu” Muteke, whom heContinue Reading
