Newsfeeds Africa Business Communities

1. [Kenya] Capital Markets Authority set to recover Ksh208 million from illegal trading in fixed income securities

   Kenya’s Capital Markets Authority has taken enforcement action against Mr. Rodrick Muhoro, a bond trader, following conclusion of investigations with respect to allegation of irregular trading of Government Securities.

2. Emirates mulls growing African footprint

   Dubai based airline Emirates is considering flight frequencies to key African destinations including Morocco, Ghana, Senegal, Egypt, and South Africa as it sees potential for growth in Africa.

3. [Nigeria] Ebenezer Onyeagwu appointed CEO of Zenith Bank

   Nigeria’s multinational financial service provider Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank effective June 1, 2019.

4. [Kenya] Capital Markets Authority licenses Jubilee Financial Services to operate as a fund manager

   The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Jubilee Financial Services Limited to operate as a fund manager having met all requirements.

5. [Uganda] KCCA flags off construction of five roads

   The Kampala Capital City Authority (KCCA) has flagged off a new set of roads to two international firms to start construction work.

6. Bank of Mauritius bags Best Central Bank for Corporate Governance, Indian Ocean 2019 Award

   The International Business Magazine has conferred upon the Bank of Mauritius its Award for ‘Best Central Bank for Corporate Governance Indian Ocean 2019’.

7. AGRA, UPL partner to increase Africa smallholder farmers’ access to yield-enhancing technologies

   Thousands of smallholder farmers are set to benefit from increased access to technologies that support yield increase.

8. Mahindra South Africa enters farming equipment business

   In its endeavour to establish South Africa as its home outside India, Mahindra South Africa has announced entry into its fourth business line, by introducing its range of farming equipment.

9. CBK and Bank of Mauritius brainstorm to deepen cooperation

   The Central Bank of Kenya (CBK) and the Bank of Mauritius held a brainstorming session with a view to enhancing cooperation between the two central banks.

10. NAS and LAM joint venture to operate airport lounges across Mozambique

    National Aviation Services (NAS), has announced a joint venture (JV) agreement with Linhas Aéreas de Moçambique (LAM), the Mozambique flag carrier, to provide management services of the Flamingo lounges in Mozambique.