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Equity, IFC in $165 million partnership to support SMEs

IFC to support Equity’s lending to5 million SMEs under the ‘Africa Recovery and Resilience Plan’ Nairobi, Kenya | THE INDEPENDENT | Equity Group and the International Finance Corporation (IFC) have signed a partnership agreement in support of the sustainable development of Africa through supporting micro, small and medium sized businesses …

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Liquid brings additional subsea cable capacity in Kenya in partnership with PEACE Cable Company

Nairobi, Kenya | THE INDEPENDENT | Liquid Intelligent Technologies, a business of Cassava Technologies, has partnered with PEACE Cable Company to introduce 800Gbps of additional subsea capacity in Mombasa on the highly-anticipated global submarine cable. This will increase the availability of high-performance and reliable Internet connectivity access across Africa, leveraging Liquid’s …

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Aircraft with 11 on board missing in Cameroon

Yaounde, Cameroon | Xinhua | Cameroonian Minister of Transport Jean Ernest Ngalle Bibehe on late Wednesday reported the loss of radio contact with an aircraft with 11 people on board. Bibehe said in a statement the aircraft was located finally in the forests near Nanga Eboko, a locality in the …

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IFC acquires 6.71 pct of Kenya’s Equity Bank

Nairobi, Kenya | Xinhua | The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has acquired a 6.71 percent stake in Kenya’s regional lender Equity Bank, officials said Tuesday. Mohamed Gouled, the vice president of risk and finance at the IFC, said in Nairobi, the Kenyan …

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Tanzania plans to end sugar, edible oil imports by 2025

Dar es Salaam, Tanzania | Xinhua | The government of Tanzania on Monday announced plans aimed at ending sugar and edible oil imports by 2025. The plans were announced by the Minister for Agriculture, Hussein Bashe, and the Minister for Investment, Industry and Trade, Ashatu Kijaji, when they addressed parliament in …

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