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East Africa
Unlike conventional bonds that generate returns through fixed interest payments, Sukuk generates returns through the ownership of underlying assets, thereby avoiding the prohibitions of…
Tanzania has offered the Uganda National Oil Company (Unoc) to…
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TransCentury Plc’s right issue is set to be reopened following approval from the Capital Markets…
I&M Group PLC has appointed East African Breweries Limited Group Chief Financial officer Risper Genga…
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LG Electronics has appointed Dong Won Lee as its new Regional Managing Director for East…
As Africa’s role in the global economy continues to garner prominence, it’s imperative for the…
World Bank further notes that the unified digitisation of the East African economy is estimated to generate up to a US$2.6 billion boost in GDP and 4.5 million new jobs that will largely benefit those at the bottom of the pyramid.
Data by GSMA reveals that by the end of 2020, 495 million people subscribed to mobile services in Sub-Saharan Africa, representing 46 percent of the region’s population, an increase of almost 20 million on 2019.
GSMA revealed that smartphone connections will more than double by 2025 in Sub-Saharan Africa with the East African Community registering the largest incremental growth, led by Rwanda and Tanzania.
