Global

Musoni Wins BBVA Financial Inclusion Award
Global

Musoni Wins BBVA Financial Inclusion Award

In recognition of its work in improving the quality of financial services, Musoni has been awarded the BBVA Financial Inclusion Special Award. Musoni Musoni Services supports MFIs, SACCOs and Asset-Finance companies with its best-practice microfinance software, helping them to improve efficiency, reduce costs and expand outreach The award was judged by BBVA, IIF and Bill & Melinda Gates […]

Why Atlas Mara’s Share Price Are Tumbling?
Global

Why Atlas Mara’s Share Price Are Tumbling?

Equity analysts at Rennaissance Capital have cut their share price target for Atlas Mara. The company’s share price are tumbling and fallen by more than 10% in the last one week. Atlas Mara is the 30% shareholder in Union Bank PLC. The company is planning to release its second quater […]

Tigo Pesa Customers Pocket USD2,5 Million In Q2
Global

Tigo Pesa Customers Pocket USD2,5 Million In Q2

Tanzania’s digital lifestyle company, Tigo said it paid about USD2,5 million to its Tigo Pesa customers. This is the the ninth time in a row that the telecom is distributing profit to its mobile financial services users. Speaking at press conference in Dar es Salaam today, Tigo Head of Mobile Financial Services, […]

ExxonMobil Schemes Pipeline Alternation
Global

ExxonMobil Schemes Pipeline Alternation

In order to remain in business, while militant attacks still persist in Nigeria, ExxonMobil said is working on a plan to export Qua Iboe crude oil via an alternate pipelines. It aims to do this in the interim while it repairs damage to the main export line sustained in July. […]

Old Mutual Reports £310 Million For H1
Global

Old Mutual Reports £310 Million For H1

Old Mutual, an insurance and financial services said its net revenue for its global business across Europe and Africa rose from £301 million in 2015 half year to £310 million in the first half of 2016. In its South African unit, the company said 17% growth in regular premium sales […]

Uganda To Host East African Arbitration Conference
Global

Uganda To Host East African Arbitration Conference

The East Africa International Arbitration Conference, EAIAC has grown to become an authoritative platform in East Africa promoting the region’s legal capacity, and highlighting Arbitration as an alternative investment dispute mechanism. EAIAC 2016 will highlight the importance of international arbitration as a tool for promoting foreign investment on the Continent, look at […]

Motir DuSable To Build 300MW Solar Plant In Enugu
Global

Motir DuSable To Build 300MW Solar Plant In Enugu

Motir DuSable Power Investment Limited , a renewable energy company said it has signed a landmark contract with Nigerian government towards planning and building a 100 Megawatt (MW) solar plant in Enugu State. The company said it was awarded a generation license from the Nigerian Energy Regulatory Commission (NERC) for up to 300MW and […]

Despite Fines, MTN Posts ZAR78,8 Billion For H1
Global

Despite Fines, MTN Posts ZAR78,8 Billion For H1

MTN has finally released full details of its half year earning showing its gross revenue for the period rose by 14% to hit ZAR78,8 billion. The group’s net active subscribers for the period was Group subscribers reported 232,6 million, this represents the 22 countries where MTN is doing business. For […]

The End Of Bitcoin As We Know It?
Global

The End Of Bitcoin As We Know It?

Bitfinex, one of the largest Bitcoin exchange,  has just been hacked, losing about USD63 million worth in Bitcoin. Bitcoin is a digital currency and a payment system invented by Satoshi Nakamoto. Data monitored through Bloomberg shows Bitcoin slumped 5.3 percent against the dollar as of 10:17 a.m. on Wednesday in Tokyo, bringing […]