Africa’s airlines to lose around $4.9B in revenues due to Covid-19

As the aviation industry attempts to recover from COVID-19 disruptions, an African airline trade association has reportedly predicted that the carrier

Iran, Qatar sign 14 major deals during President Raisi’s Doha trip

Qatar and Iran have reportedly signed 14 new agreements while Iranian President, Ebrahim Raisi, was in Doha for a two-day trip this week. President R

Ericsson shares plunge as CEO admits firm may have given money to ISIS

Swedish telecom equipment group Ericsson’s shares have tumbled after chief executive Börje Ekholm, reportedly admitted that the company may

Flutterwave closes $250mn Series D, triples valuation to over $3bn

African fintech startup, Flutterwave, has reportedly raised $250 million in its latest Series D funding round, tripling its valuation to over $3 billi

BasiGo raises $4.3M in seed funding to provide electric buses in Kenya

Kenyan electric vehicle (EV) startup, BasiGo, has reportedly secured more than $4.3 million in its latest seed funding round to accelerate the launch

S African scientists to investigate link between COVID & untreated HIV

A team of leading scientists at the NGS-SA (Network for Genomic Surveillance, South Africa) will be reportedly studying COVID-19 and HIV in tandem, as

Africa: TLcom Capital raises $150M to invest in 20 African businesses

TLcom Capital, a UK-based venture capital firm focused on Africa, best known for its bets on Twiga and Andela, has reportedly announced that it is rai

China to invest over $300 billion in Africa, increase trade volume

The Chinese government is reportedly planning to invest more than $300 billion in Africa over the coming three years. The investment was announced by

Rocket Lab buys SolAero Holdings in an all cash $80 million deal

Rocket Lab, a leading American aerospace manufacturer, has reportedly announced the acquisition of SolAero Holdings, a New Mexico based enterprise tha