- Kenyan banks are making more money from their customers compared to their much larger Nigerian counterparts due to technology. Kenyan banks' cost-to-income ratios averaged 49% over the last four years, compared to 57% for Nigerian banks.
- Gender inequality remains high in Kenya and across the continent. This is a major missed opportunity as Africa could add 316 BN USD to its collective GDP in six year. That is about 10% of current GDP.
- According to the Bank of Uganda (BoU), Uganda will take some time before it can fully achieve a cashless economy. Ugandans must first gain trust in electronic systems, keep money within the banking system and wide distribution of point of sales across the country.
- Uganda and Rwanda are racing ahead of their East African neighbors in the global switch to electric motoring, even as infrastructure shortcomings limit investments in the emerging sector.
- ZimTrade, has encouraged local manufacturers of mining equipment to consider exporting to the Zambian market. The Zimbabwe Miners' Federation (ZMF) signed an MoU with the Small-Scale Miners' Association of Zambia (SSMAZ), which will see the two countries sharing experiences on the small-scale mining sector.
- Finance Minister Bwalya Ng'andu has officially opened the 25 MM USD British American Tobacco (BAT) Zambia Cigarette Manufacturing Plant in the Lusaka South Multi-Facility Economic Zone (MFEZ) with the call for more investment in the manufacturing sector.
- Germany granted Ethiopia 352.5 MM EUR (388 MM USD) to support reforms that will promote private investment and sustainable economic development.
- Zanzibar government has extended its national fibre optical transmission network (the national ICT backbone) to cover all tourism hotspots in order to boost the role of tourism in the Isles' economy.
- South Africa is introducing an affordable new drug to fight HIV in the country with the largest number of people living with the AIDS-causing virus. The new three-in-one pill is developed with the financial backing of global health development organization Unitaid.
- Uganda banned the import of used vehicles by passing the Road and Safety Act 2018. Cars that are older than five years pay an environmental tax. Now, the passage of the law made cars unaffordable to many Ugandans, especially the young.
- The Nigerian Stock Exchange (NSE) rebounded in November as the decision by the Central Bank of Nigeria (CBN) to restrict individuals and local firms from investing in its open market operations (OMO) auctions impacted positively on the market.
- Jumia has closed its Tanzanian business, just ten days after leaving Cameroon. A statement from the company reveals that the retailer left Tanzania to focus on operations in other countries. Jumia's exit from Tanzania and Cameroon comes at a time when the company is struggling with losses and a falling stock price. Jumia's Q3-2019 loss stood at 55 MM USD compared to 45 MM USD in Q3-2018.
- Scan Group, Williamson Tea, Kapchorua and Nation Media Group are among the top five companies listed on the Nairobi Securities Exchange (NSE) with the highest dividend yields, which is the dividend relative to the current prices. Commercial and agricultural sector firms are the top listed companies with the highest dividends relative to their share prices, according to data compiled by Standard Investment Bank (SIB).
- Nairobi-based pan-African housing lender Shelter Afrique is focusing on targeting the domestic market for new capital via green bonds which offer a cheaper option for raising funds for new mass housing projects.
- Former Cabinet minister Simeon Nyachae has emerged as one of the leading shareholders of NCBA Group with 8.6 million shares worth about 300 MM KES (2.9 MM USD). Mr. Nyachae held shares in the former CBA Group that later merged with NIC Group to form the NCBA Group, which is listed on the Nairobi Securities Exchange.
- The Standard Investment Bank (SIB) expects NCBA Group to increase dividend payout hinged on higher cost efficiencies and reduced cost of funding.
- New Kenya Cooperative Creameries (New KCC) has launched a brand of milk that will give lactose intolerant consumers an option to enjoy the commodity. Launching the new product would help New KCC to expand its market base locally and in the region, hence boosting its market share.
- Co-op Bank Chief Executive Gideon Muriuki has bought 11.1 million shares of the lender worth 179 MM KES (1.7 MM KES). The latest purchases came after a significant decline in the lender's share price.
- Korea Telecom Rwanda Networks (KTRN), the operator of an open access 4G LTE network in Rwanda, has launched a 10 MM USD upgrade project aimed at improving capacity and connectivity.
- Orange MEA S.A. has completed the sale of its entire 95.5% stake in Orange Niger to Zamani Com S.A.S. The Africa and Middle East region remains a strategic priority for the Orange Group.
- Savannah Petroleum PLC, the British independent oil & gas company focused activities in Niger and Nigeria, is pleased to announce the completion of the Seven Energy Transaction.