Ethiopian Airlines Strengthens A350 Operations with 7-Year Airbus Maintenance Partnership
February 21, 2025
Airbus has signed a 7-year Flight Hour Services (FHS) contract with Ethiopian Airlines for the comprehensive maintenance of its fleet of 24 Airbus A350 aircraft, including both the A350-900 and A350-1000 models. This agreement will…
Swedfund, BII, and Norfund Invest $85M in AgDevCo
February 21, 2025
Swedfund, alongside British International Investment (BII) and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The equity investment comprises up to $20 million from Swedfund,…
MANSA Secures $10M in Funding Round to Expand Stablecoin-Based Payment Solutions
February 20, 2025
Global fintech firm, MANSA, has announced the close of a $10 million funding round. This will help the company in its mission to alleviate liquidity challenges for payment companies worldwide. MANSA’s stablecoin-based solution offers payment…
Westcon-Comstor Becomes Official Microsoft Cloud Distributor Across Africa
February 20, 2025
Westcon-Comstor has announced that it has become an official distributor of Microsoft cloud solutions across Africa. The announcement of the pan-Africa distribution agreement follows a successful collaboration between Westcon-Comstor and Microsoft in southern Africa over…
OPPO Reno 13 Series Set to Launch in Kenya Next Week
February 20, 2025
OPPO is set to launch the Reno 13 series in Kenya on February 28th, 2025. This is the successor to the Reno 12 series that was launched in the country last year and currently acts…
CMA Greenlights Gulfcap’s Ziidi Shariah Money Market Fund
February 20, 2025
The Gulfcap Investment Bank has received the necessary approval from the Capital Markets Authority to register the Ziidi Shariah Money Market Fund. The fund is a Shariah-compliant investment product designed to cater to the growing…
Swedfund Injects $7.5 Million into Kenya’s Victoria Commercial Bank
February 20, 2025
Swedfund has announced a second investment of USD 7.5 million in Kenya’s Victoria Commercial Bank (VCB) PLC. The loan will further strengthen the bank’s ability to finance small and medium-sized enterprises (SMEs), which play a…
NTT DATA Report: 81% of Executives Say AI Leadership Is Failing
February 20, 2025
A new report by NTT DATA has revealed a growing crisis in AI responsibility. While businesses are rapidly adopting artificial intelligence, leadership and governance are struggling to keep up, creating significant risks for investment, security,…
How to Set Up Standing Orders with M-Pesa Ratiba
February 19, 2025
Late last year, Safaricom introduced M-Pesa Ratiba to simplify the process of setting up recurring payments for M-Pesa customers. Ratiba can be set up to handle sending money to chosen M-Pesa accounts at certain intervals,…