News Catch Up | Around Africa

Ecobank Nigeria announces the pricing of its Senior Unsecured $300 million bond – Ecobank Nigeria, a wholly owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, announced that it has successfully priced its USD 300 million bond issuance maturing in February 2026, with settlement of the bond to take place on 16 February 2021. More about this story here

Rwanda removes duty on luxury cars to attract tourists – the duty has been lifted in a bid to attract high-end tourists into the country as the country’s tourism industry has been struggling to recover from the second wave of the Covid-19 pandemic. More about this story here

Kenya Airways makes aerospace history by converting Boeing Dreamliner into cargo aircraft – Kenya Airways (KQ) and privately held aerospace company Avianor have converted a Boeing 787 into a cargo aircraft making history as the first-ever to convert a Boeing 787 into a “preighter’. More about this story here

AfCFTA develops terms for member states in other agreements – The African Continental Free Trade Area (AfCFTA) has stated that countries on the continent negotiating free trade agreements with parties from other parts of the world will be expected to give the same or better terms to member states of the AfCFTA. More about this story here