Rova Caviar – The First of its Kind in Africa

Africa’s first ever caviar-producing sturgeon facility in Madagascar has decided to postpone its spring harvest this year. This is due to its supply chains being retracted and the lockdown the island nation imposed because of the coronavirus.   The caviar farm produces roe for the wealthy diners of Paris and other global capitals. But as social […]

Chipper Cash Raises $13.8M in Series A Funding Round

African cross-border fintech start-up Chipper Cash has closed a $13.8 million Series A funding round led by Deciens Capital. The payments company plans to hire 30 new staff globally. Chipper Cash is a  San-Francisco based payments company, founded two years ago by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. The two came to America for academics, met in Iowa while […]

Covid-19 Grant: African Development Fund approves $9million for East Africa

To strengthen responses to the Covid-19 pandemic, the Board of Directors of the African Development Fund have approved grants totalling $9.52million. The grants will help combat the coronavirus in East Africa, Horn of Africa, and in the Comoros. The grant is part of the $10billion Covid-19 Rapid Response Facility approved by the Board of Directors […]

Shell Assets Value Drops by up to $22bn

One of the largest oil companies in the world Shell, has warned that the low price of oil could reduce the value of its assets by up to $22bn (£17.9bn). It said it expects oil to change hands at $60 per barrel in the long term. It also expects it to be priced at $35 […]

Grand Renaissance Dam: Ethiopia Agree to Postpone Filling

Egypt, Sudan, and Ethiopia have agreed that Ethiopia will delay filling its Grand Renaissance Dam on the Blue Nile. This will allow them to hold talks in a bid to end the dispute concerning the dam. The move comes after weeks of escalating tensions amid fears of open conflict. Ethiopia will delay filling the dam’s […]

PAJC and Mastercard Foundation Enabling Ethiopia Project

The Jobs Creation Commission, in partnership with the Mastercard Foundation, has launched a 5-year project to support job creation in Ethiopia. The project, Enabling Ethiopia,  will create jobs through driving innovation, policy reform, inclusiveness, and advocacy. The Mastercard Foundation has committed  USD 11.8 million to the project. The Enabling Ethiopia project will implement key components of the country’s […]