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The information you need to understand and do business in Africa, on the go.

South Africa: Uber Technologies starts its UberEats food-delivery service in South Africa on Thursday before expanding in the rest of the country and into the continent, it said on Wednesday. Read more…

Nigeria: The naira on Monday suffered a severe defeat against the dollar in all the major segments of the market. At the interbank segment of the market, the naira lost 53 kobo to close at N308.32, from N307.79 posted on Friday.

Nigeria: The African Development Bank (AfDB) has approved $1 billion loan towards meeting the deficits in Nigeria’s 2016 Budget, believed to partly responsible for the country’s economic crisis. (THE BREAKING TIMES) READ MORE

Kenya: Kenya’s economy will hit the government’s growth target of 6 percent this year on the back of private sector performance, the central bank governor said on Wednesday. (REUTERS) READ MORE

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EAST AFRICA

KENYA

Private Infrastructure Development Group is planning to establish an office in Nairobi, helping finance infrastructure projects across Africa. (AFRICA CAPITAL DIGEST) READ MORE

South Korea is wooing Kenya to adopt an economic growth programme designed…

NORTH AFRICA

The three countries that comprise the Maghreb region — Algeria, Morocco, Tunisia — are bound by important cultural, linguistic, and economic ties, and by a shared history of French occupation. (WASHINGTON INSTITUTE.ORG) READ MORE

EGYPT

Executive…

EAST AFRICA

KENYA

Kenya and Uganda are set to position East Africa as the next oil development frontier, Bloomberg Intelligence has said. (BUSINESS DAILY AFRICA) READ MORE

Credit Bank is replacing its cards with chip & PIN debit cards featuring Visa payWave technology…