This is an exclusive new report designed to give you an overview about Africa countries tackling Economic, Political, Stock Market and Company transactions issue.
|
|
- Thousands of people are marching across Zimbabwe in government-organized protests against US and EU sanctions. The demonstrators say the sanctions have ruined the Zimbabwean economy. But the US and EU argue they have been imposed on individuals and companies and have no impact on the economy.
- Businesses and individuals that have invested cash in Mauritius have won a major advantage after Kenya reached a deal with Mauritius to cancel the double tax deal. The expanded double taxation avoidance agreement (DTAA) now quashes the one that had been signed in April 2019 and comes with more favorable tax rates than what is applied under the domestic law of the two countries.
|
|
Major Companies Transactions
|
- Top American investment bank Goldman Sachs is the latest to acquire a stake in Kenyan start-up Twiga Foods following a 2.44 BN KES (23.75 MM USD) deal that will help the firm spread across the country and Africa. The US bank will provide funding to the start-up together with three other Twiga Foods existing investors; International Finance Corporation (IFC), venture capital firm TLCom Capital, and French private equity fund Creadev.
- Jubilee Holdings inked a partnership deal with Credit Bank that will see the firms create loan financing and insurance products that will be tailor-made for small and medium sized enterprises (SMEs).
- The International Finance Corporation (IFC) will inject 2.5 BN KES (25 MM USD) into a new sea cable project that the Western Indian Ocean Cable Company (WIOCC), a company in which Telkom Kenya is a shareholder, is executing.
- Kenya biggest telco, Safaricom, has been named the best employer in Kenya for the second year in a row. The telco was followed by beer manufacturer EABL, the United Nations, KCB and Kenya Revenue Authority (KRA) in that order in a ranking by local online job-listing firm Brighter Monday.
- Estonian-based taxi hailing firm Bolt has expanded to four additional towns as the company continues its growth outside Nairobi. Bolt, formerly Taxify, is now available in nine towns after it announced its entry into Naivasha, Nakuru, Kitale and Eldoret.
- Air Tanzania Company Ltd (ATCL) has confirmed that it will receive a new Dreamliner as part of its fleet improvement program. ATCL has also confirmed plans to add at least two more Bombardier Dash-8 Q400 planes to its growing fleet.
- Reuters reports that Japanese renewable energy company Univergy Solar will invest more than 200 MM USD in two solar power projects in Zambia that will add 200 megawatts (MW) to the country's national grid next year.
- Ethiopian Airlines has launched a passenger flight to Bengaluru, India on 27 October 2019. The capital of the Indian state of Karnataka, Bengaluru is dubbed 'Silicon Valley of India' and serves as the center of technology and innovation.
|
|
Dubai Office:
Office No. N 307, North Tower, Emirates Financial Towers, DIFC, P.O Box 506726, Dubai, UAE.
Tel:
+97142820301
|
Cairo Office:
Z
epter Office Building
S5-6 ,
Area 5, District 1, 5th Settlement,
New Cairo, Egypt.
P.O. Box:
1147
|
Kenya Office:
Block C, Ground Floor, Fortis Office Park Muthangari Dr Westlands, Nairobi, Kenya
Tel: +254 20 5148174
P.O. Box: 66488-00800
|
|
|
|
|
Copyright © 2019. All Rights Reserved.
|
|
|
|