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Africa at a Glance: Ethiopian Airlines to Fly to Mogadishu as Zuku Considers Leaving Kenya

BY Soko Directory Team · October 17, 2018 08:10 am

Ethiopian Airlines will start flying to the Somali capital Mogadishu beginning the second of November for the first time in four decades according to the state-affiliated Fana Broadcasting on Tuesday.

The Airline stopped flying into the war-torn city 40 years ago and the new flights are set to open up the country to new investors.

Read More Here.

South African Rating By Moody’s Set For Next Week

South Africa expects Moody’s to release its ratings review after next week’s medium term budget policy statement (MTBPS), Dondo Mogajane, the director general of the National Treasury said on Tuesday.

Mogajane said he met Moody’s representatives at an international financial conference in Bali last week and told Reuters that the ratings agency “will obviously get back to us after the MTBPS.”

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Zuku Set To Leave Kenyan Market, What Should Customers Do?

Wananchi Group, the owner of pay and internet TV firm Zuku, plans to exit the Kenyan market after almost two decades of business.

The firm, according to Bloomberg, has contracted a US sales consultant Lazard Limited to work on a potential sale plan as top investors with a combined shareholding of 85 per cent look to exit the firm currently embroiled in a tax battle with Kenya Revenue Authority.

According to reports, the three investors Liberty Global, Altice Europe NV and London-based Helios Investment Partners are keen to sell their stakes in the Kenyan company valued at $500 million (Sh50 billion) including debts

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Kanye West and Kim Kardashian In Uganda, Museveni Gives Them Names

The office of Uganda’s Yoweri Museveni says the president has given United States rapper Kanye West and his wife, reality TV star Kim Kardashian Ugandan names.

In a Facebook post, his office revealed that Museveni had given West, who changed his name to Ye last month, the Ugandan name Kanyesigye, which means “Ï trust”.

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Reward Offered For Those With Information on the Whereabouts of Tanzanian Billionaire

The family of Tanzanian billionaire Mohammed Dewji, who was kidnapped on Thursday, has offered a 1bn Tanzania shilling ($440,000; £330,000) reward for information that leads to his rescue.

Mr Dewji, reportedly Africa’s youngest billionaire, was taken by masked gunmen in the Tanzanian city of Dar es Salaam.

The police have arrested more than 20 people in connection with the abduction

But both the motive for the kidnapping and his whereabouts are still unclear

Read More Here

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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