Stanbic Bank majority shareholder Standard Africa Holdings Limited (SAHL) has received regulatory approval from the…

The company has managed to make a strong comeback from when it faced an existential threat when prices of commodities slowed down in 2014. Prior to that period, mining company shares were hot because of China’s urbanization. It drove prices of commodities through the roof taking the shares of resource companies with them.

When China’s economic growth slowed down the miners also felt the pinch. The pinch was felt especially at Gold Fields which had to restructure its business and retrench at least 1,300 workers mainly from Ghana to ensure the long term sustainability of the company. The restructuring produced desirable results characterized by net cash inflow of US$ 235 million. In that same year, its Australian operations produced 1 million ounces of gold.

The company’s operations are massive and span 3 continents.

Bloomberg Philanthropies has partnered with CARE to assist women who own small agriculture-based businesses to…

In Tanzania, the Fair Competition Commission (FCC) is responsible for promoting and protecting effective competition in trade and commerce as well as protecting consumers from unfair and misleading market conduct.

Without such an entity, companies use false advertising to capture markets, mergers of large firms occur undermining smaller businesses unfairly and the end-user, the consumer, is put at threat.

It is for this reason that Tanzania has recently passed the Fair Competition Order which sets out the thresholds for mergers that should be reported to the Fair Competition Commission (the FCC). In this most recent Order, Tanzania moved the merger notification threshold from USD 360,000 to USD 1.6 million.

The British government has donated forensic medical equipment to Kenya’s Ministry of Health, valued at…

Boost Africa is a joint initiative with the African Development Bank (AfDB), with financial support from the European Commission and the Organisation of African, the Caribbean and the Pacific States Secretariat (OACPS) under the 11th European Development Fund (EDF).

The EUR 12.5 million – $14.2 million – financing for Atlantica will support EUR 50 million of new investment in innovative technology startup companies across the continent and expand specialist venture capital financing for promising entrepreneurs.

The new EUR 10 million – $11.3 million – EIB commitment to Janngo, will increase investment in early-stage tech and tech-driven startups to improve access to healthcare, education and financial services across Africa and allow African tech companies to create jobs for young people and women.