Month October 2024

Kenyan Lawmakers Renew Push to Split Safaricom and M-PESA

KENYAN lawmakers have reignited efforts to separate Safaricom, the country’s largest telecom provider, from its highly profitable mobile money service, M-PESA. This renewed push follows the reintroduction of the 2022 Information and Communications (Amendment) Bill, which aims to divide Safaricom into two…

Ethiopia-Djibouti Railway Hailed For Boosting Trade And Growth

THE Ethiopian government has recognised the Chinese-built Ethiopia-Djibouti railway for its significant contribution to the country’s expanding export-import trade. The 752-km railway, a vital link between the two countries, has been praised for its fast-growing role in promoting socio-economic development. The Ethio-Djibouti…

IFC And Absa Partner to Boost Africa’s Agricultural Exports

THE International Finance Corporation (IFC), a member of the World Bank Group, and South Africa’s Absa Group Limited, have teamed up to provide a $50 million commodity trade finance facility to Valency International, a Singapore-based company active in Africa’s agricultural…

Kano Court Restrains Bayero From Renovating Mini Palace

A Kano State High Court presided by the Chief Judge, Justice Dije Aboki, on Thursday, reaffirmed its earlier interim order of September 13, restraining the 15th Emir of Kano, Alhaji Aminu Ado Bayero from restructuring, refurbishing, or renovating Nasarawa mini…