Mastercard Launches Young Africa Works in Uganda

The Mastercard Foundation recently announced its Young Africa Works (YAW) strategy program in Uganda. The program is set to enable more than 3 million young people access dignified and fulfilling work opportunities by 2030. Under Young Africa Works, the Foundation has committed $200 million to ensure young women, men, and refugees in Uganda have access […]

Econet Secures High Court Stay of Execution

The provisional High Court in Zimbabwe has granted Econet Wireless a stay of execution of a warrant. The warrant authorises the police to seize the company’s entire database of the transaction details of its mobile money subscribers. The stay of execution was granted  because the search warrant did not specify the names of those whose […]

Dangote Cement Records ₦162.90 billion Profits

Africa’s largest cement producer, Dangote Cement plc, has announced its Profit Before Tax (PBT) for the first half of 2020. Dangote cements recorded profits of ₦162.90 billion for the six months that ended June 30, 2020. The declared profit is 4.7 per cent higher than the profits recorded in the corresponding period of 2019. The […]

Rensource Slowly Helping Nigeria Embrace Off-Grid Solar Systems

Everyone knows of Nigeria’s problems with power provision. A country of over 200m people served by a little more than 5 GW of functioning power generating capacity. A troubled privatisation in the electricity industry in the last decade has done little to alleviate widespread power outages. Neither has it speed up efforts to bring electricity […]

African Airlines Face Bankruptcy Without Government Bailouts

As the Covid-19 pandemic continues to decimate air passenger numbers, many African airlines risk bankruptcy.  Governments across the continent currently lack the financial resources needed to support their national carriers. In April, Air Mauritius was the first African airline to enter voluntary administration as result of the crisis. Meanwhile, South African Airways (SAA) has been […]

Tanzania – Fastest Economic Growth in East Africa

Tanzania’s economy is forecast to grow by 5.2 percent this year. Meanwhile six East African countries’ economies are projected to plunge into recession. The recession is partly due to the Covid-19 pandemic ravaging the world. The new projection by the African Development Bank (AfDB) is lower than the 6.4 percent it projected before the pandemic. […]