Sub Saharan Africa Mergers and Acquisition transactions totalled US$ 6.1 billion in Q1 2021

M&A involving a Sub-Saharan African target increased 73% year-on-year to US$4.3 billion during the first quarter of 2021.  Domestic deals increased 67% from last year to US$2.5 billion, while inbound deals, involving an acquiror outside of Sub-Saharan Africa, increased 83% to US$1.8 billion.

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Absa Rolls Out Tap-to-Pay Solution

Other than speed and convenience, the Absa contactless cards use the same secure technology as traditional Chip and PIN. A customer can perform a maximum of 4 contactless transactions without keying in their PIN per day after which they will be automatically asked for a PIN for any other contactless transactions.

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Uganda and Tanzania Agree on Oil Export

Partners of the Lake Albert development project concluded the final agreements required to launch this major project. Present during the signing ceremony held yesterday in Entebbe, was, Yoweri Museveni, President of the Republic of Uganda, Samia Suluhu Hassan, President of the United Republic of Tanzania, Patrick Pouyanné, Chairman and CEO of Total, as well as […]

The post Uganda and Tanzania Agree on Oil Export appeared first on East African Business Week.

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Uganda and Tanzania Agree on Oil Exploration

Partners of the Lake Albert development project concluded the final agreements required to launch this major project. Present during the signing ceremony held yesterday in Entebbe, was, Yoweri Museveni, President of the Republic of Uganda, Samia Suluhu Hassan, President of the United Republic of Tanzania, Patrick Pouyanné, Chairman and CEO of Total, as well as […]

The post Uganda and Tanzania Agree on Oil Exploration appeared first on East African Business Week.

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$100m Investment Gain-Airtel African

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the signing of an agreement with Mastercard. Under the agreement, Mastercard, a leading innovator and global technology company in the payments industry, will invest $100m in Airtel Mobile Commerce BV (“AMC BV”), a wholly-owned […]

The post $100m Investment Gain-Airtel African appeared first on East African Business Week.

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How the Fed Could Go Green Faster

Megan Greene, BOSTON – The US Federal Reserve has made a number of climate-related announcements in recent months, joining the Network for Greening the Financial System in December and then establishing a new Supervision Climate Committee in February. Yet while these are important first steps, the Fed should do more to address climate change, which in turn can help […]

The post How the Fed Could Go Green Faster appeared first on East African Business Week.

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Biden Must Fix the Future, Not the Past

Dani Rodrik, CAMBRIDGE – President Joe Biden’s $2 trillion infrastructure plan is likely to be a watershed moment for the American economy, clearly signaling that the neoliberal era, with its belief that markets work best and are best left alone, is behind us. But while neoliberalism may be dead, it is less clear what will replace it. […]

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How Tech Firms Can Reverse Talent Drain in Rural Communities

By Andrew Bourne, Regional Manager, Africa, Zoho Corporation For decades, companies, especially tech providers, have followed a certain operational pattern. They start out in a major city, raise funding from investors, attract talent from nearby towns and villages, and then repeat the model in another major city as they expand. However, the events of the […]

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KDF Moves to Stop Privatization of Kenya Meat Commission

The Privatization Commission confirmed receipt of a letter from the Ministry of Defence asking for the removal of KMC from the list of parastatals approved by the Cabinet for sale. The KDF is expected to inject cash into the struggling parastatal after the Treasury allocated Ksh4 billion under a supplementary budget.

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