Business Insights Africa Magazine

Africa’s upstream sector is not short on opportunity, with oil and gas tenders being launched for onshore, deepwater, greenfield and brownfield acreage in Angola, Nigeria, Mozambique, Kenya, Tanzania and Liberia, among other markets. Yet for African countries to better compete for global exploration capital, their respective licensing processes, frameworks and terms must encourage new investment. Featuring up...

Ecobank Uganda Limited (www.EcoBank.com) has formed a strategic partnership with Ria Money Transfer, a renowned global leader in cross-border remittance services. This partnership will significantly improve remittance options across Uganda, allowing customers to receive funds directly into their Ecobank accounts. Both account holders and non-account holders will also have the option to collect cash transfers promptly at...

Phoenix Aviation, Kenya’s premier executive and VIP charter carrier based at Wilson Airport inNairobi, has expanded its fleet to 13 to boost its tourism and professional medical evàcuationservices across the world. The jet was received on Thursday 5 September.It was flown from New York via Canada and Europe to Kenya after being cleared for entry intoservice. Phoenix...

At the 2024 Africa Food Systems Conference Summit, hosted by the Government of Rwanda and the AFS Forum Partner’s group, the Fortified Whole Grain Alliance (FWGA) was officially launched with a new ambitious goal of reaching 10 million people across seven countries by 2025 with fortified whole grains solutions in Kenya, Rwanda, Benin, Burundi, Egypt, Ghana and Nigeria. A coalition of stakeholders from across the food system, FWGA is supported by The Rockefeller Foundation, Novo Nordisk Foundation, and Canada’s International Development Research Centre (IDRC), in collaboration with core, implementing, and institutional partners such as the Global Alliance for...

Equity Bank has been celebrated as the most admired financial brand at the 14th annual Brand Africa100, Africa’s Best Brands rankings. This recognition underscores Equity's unwavering commitment to driving financial inclusion and socioeconomic progress in Kenya. Compared against its peers across the continent, Equity also scoopedthe top spotin Africa, coming ahead...

The 36th edition of the Kenya Homes Expo, scheduled from October 24th to 27th, 2024, at the Kenyatta International Convention Centre (KICC), promises to be the most impactful yet. Over the years, the expo has grown exponentially, becoming the leading real estate event in East and Central Africa. It has provided an unparalleled platform for synergy among...

The event which is in its seventh edition promises to propel Kenya's manufacturing sector to new heights, drawing industry leaders, government officials, and global stakeholders to explore cutting-edge trends, products, and services shaping the region’s industrial landscape. The expo, established as a premier platform for industrial innovation, has consistently fostered partnerships and uncovered new...

Government tenders will now come with an extra financial obligation to contractors after the state enforced a new levy. Contractors supplying goods and services to both national and county governments, will from September 1, be required to remit the levy. According to a notice issued by the Public Procurement Regulatory Authority, the...

Stanbic Bank Kenya has launched a shilling and dollar denominated money market funds that will see investors earn up to 15.12 per cent per annum. The returns are likely to be double what is offered on fixed savings, considering that banks are paying an average of 7.5 per cent and even slightly higher what...

Equity Group has won four accolades at the 2024 Euromoney Awards in London. The awards include: Best Bank for Corporate Responsibility in Africa (Second consecutive year) Best Bank for Corporate Responsibility in Kenya (Second consecutive year) Best Bank for SMEs in Kenya...