A new dawn is unfolding in the Israel-Arab relations World as Sudan is but a few ink drops away from becoming the third Arab country to normalize ties with Israel this year alone.

International media, Associated Press confirmed that a senior Israeli delegation was in Sudan earlier this week. Backed with high profile U.S. diplomatic mission, the meeting is believed to have been the final touches to normalize ties between the age-long ‘rivals.’

The development comes in the backdrop of Sudan’s interim government signing a pact with the U.S. that has successfully removed the country from the U.S. list of

The deal washes off a considerable amount of stain from the otherwise tainted Israeli Prime Minister Benjamin Netanyahu on one hand and on the other bring favour to U.S. Donald Trump’s foreign policy as the country heads to the polls on November 3^rd.

The Sudan – Israel pact …

UAE based Emirates Airlines has inked an agreement with Airlink which has paved way for it to enter the Southern African market. The pact with regional airline Airlink is part of Emirates ongoing major expansion in the region even though the Dubai-based company has been cutting off various routes around the World owing to the Covid-19 threat.

The development comes but weeks after South Africa’s state-owned airline, South African Airways, failed to raise the $591 million it needed to bail itself out of the corruption and mismanagement allegations that it was facing.

Earlier this year in June, the SA government had issued a statement that it would step in to bailout the company but on September 30^th, media was ablaze with reports of the company shutting down its doors, pending government intervention.

With such a big player out of the picture, it only makes sense that Emirates, …

With a balance sheet worth Tshs 14.3tr at the end of 2019, Equity Bank has been listed seven among the top 10 banks in Africa for 2020. Rightly so because, according to The Banker’s Top 100 African Banks ranking for 2020, Equity Bank has scored 5.82 in the overall category of the best performing banks. 

Equity Group has an asset base of US$9bl and with over 14.2 million customers; the Group is one of the biggest by customer base in the region. It has a footprint of 300 branches, 51,560 agents, 31,265 merchants and 623 ATMs and is the largest bank in market capitalization across East and Central Africa. 

The Group, which is listed at the Nairobi Securities Exchange, Uganda Securities Exchange, and the Rwanda Stock Exchange, has banking subsidiaries across the region, including Rwanda, Uganda, …

Barely three months after opening its doors in, NCBA Bank Tanzania Limited has launched two new branches in Mwanza.
The move serves to take their banking and financial services closer to an area that is largely underserved.

Strategically situated on the shores of Lake Victoria, Mwanza City is home to 13 fish processing factories that process about 1,065 tonnes of fish per day, a great investment opportunity for a bank.

“We are all aware that the development of SMEs is the central component of economic growth, especially in the fishing, mining and agricultural sectors as they provide employment opportunities to the people and contributor to the country’s GDP. We hope that the bank’s presence in our region will impose itself as a credible partner that can effectively contribute to this economic and financial resilience in Mwanza,” commented Mwanza Regional Commissioner, John Mongela during the launch.

Newly appointed NCBA Managing Director …

A glimpse at Donald B. Kipkorir 

At 52 years old, Donald B. Kipkorir is one of the continent’s richest and influential men. His USD4000 suit and fleet of Mercedes Benz’s say it all, not to mention the mansions that dot Kenya’s richest estates.

Interestingly enough, the rich lawyer at first wanted to be a priest and word has it that he, at a point in his life, even went to a seminary.

The third born in a family of nine Kipkorir once told Business Daily that he lived all his childhood in a mud-thatched hut all the way up to joining the university. A graduate of the University of Nairobi and Post-graduate student at the Kenya School of Law, Kipkorir started his journey to success in 1994 when he joined the Moses Wetang’ula law firm.

Donald Kipkorir Net Worth

Wetangula, himself one of the most influential lawyers in the country …

Oil and Gas

Let’s say you are one of the business spirited types and you got wind of a new road and a weighbridge station to set up. Your entrepreneurship senses spike up, you start your research on what the demand of the area is and you get ready to set up shop.

Oil & Gas: Tanzania losing investors

One month, two months, three months…one year pass, the road works have not started, talks amass but no groundwork, do you think you will still want or even have the resources to set up that shop, one year down the road?

That is what UTT Asset Management and Investor Services Plc (UTT-Amis) faced waiting to invest in the much-coveted US$30 Billion Liquefied Natural Gas (LNG) Uganda-Tanzania pipeline.

You see, UTT-Amis was interested in investing in an area in excess of 2,072 hectares of land that was strategically located right where the …

The Intra African Trade Fair (IATF2021) is expected to be a grand event that comes in the backdrop of very optimistic forecasts for the automobile industry in Africa.

To be held next year in Kigali, Rwanda, from 6 – 12 September 2021, the IATF 2021 is a major trade event, that serves to boost sells of vehicles and related parts across the continent. The event will provide a unique and valuable platform for businesses to explore a single integrated African market of over 1.3 billion people with a combined GDP of over US$2.5 trillion.

Thanks to increased regional value chains, Afreximbank is of the view that new vehicle sales increase from 1 million to 5 million units a year across Africa.

A senior trade facilitator Gainmore Zanamwe told an online seminar that the sector prospects are brigh and described the Automotive Tradeshow is a critical base from which to …

When Covid-19 hit the World, the West assumed that Africa, poor, dirty Africa, will be washed down the drains, through filthy open sewage ways and into the depths of the Earth, again they were wrong about the Motherland.

One of the World’s richest men, Bill Gates, predicted that ten million lives would be wiped out by the virus. The assumption was that Africa will not be able to respond appropriately and fast enough, hell, how could they, after all the US and all of Europe had failed.

However, Africa proved all of them wrong, Africa was fast, Africa was precise and Africa was willing to change. Overnight, sanitizers appeared in every doorway, buckets of water and soap greeted you at every entrance, no more hugging, no handshakes, the crowded busses were brought down to level seats and borders were closed.

Also Read: Kenya becomes the first country globally to get

Here, you will get information about Oil price by month

Oil price by month

It is good news for motorists as the energy sector pundits predict oil prices will decrease significantly in October.

As a matter of fact, the drop in oil prices may even have been much lower had it not been for the strengthening of international petroleum prices.

In South Africa, you have experts saying the prices will drop despite Rand’s poor performance against the US dollar.

In fact, SA media quotes data published by the Central Energy Fund (CEF), that indicated that the price of petrol will drop by a whopping 36 cents-per-litre come October. Its, even more, smiles for diesel consumers because the latter is expected to drop by as much as 85-cents-per-litre with some reports placing the price drop at an entire 93 cents per litre.

That is not it, paraffin is also anticipated …

Kenya Extends Curfew, Updates you should Know!

Kenya has extended the ongoing COVID-19 curfew for another two months. Making the announcement before press at the start of the week, Kenya’s President Uhuru Kenyatta said the nationwide curfew is intended to curb the spread of coronavirus.

Not only has the length of the curfew been pushed forward 60 days but also the day to day curfew hours have also been extended.

The curfew hours will now run from 11pm to 4 am having been extended from the previously 9 pm-4 am.

President Kenyatta went on to explain that even though there is a notable drop in the spread of COVID-19 infections, the country is better off taken utmost precaution so the trend does not take a turn for the worst.

It is reported that so far,  the country’s infection rate has dropped from the highs of 13 percent in June down …