News

[Kenya] B team launches new group to promote sustainable, inclusive businesses in Eastern Africa

02-24-2017 | 16:02:00
The B Team and Safaricom has announced plans to create The B Team - Eastern Africa, a new not-for-profit initiative, created by regional business leaders to catalyse a better way of doing business for the wellbeing of people and the planet - and responding to the specific challenges and opportunities of the Eastern African market.

[Kenya] Tala raises $30 million as it mulls expansion

02-24-2017 | 13:32:00
Kenya’s Mobile Technology firm Tala, formerly Mkopo Rahisi, has raised over $30 million in a new round of funding for expansion into new markets.

[Ghana] Securities and Exchange Commission tightens industry regulations

02-24-2017 | 13:30:00
The Securities and Exchange Commission (SEC) is in the process of unveiling higher standards for the securities industry in keeping up with the latest international development and to ensure the growth of the sector.

Sudan tire market to cross $18.50 million by 2022, TechSci Research

02-24-2017 | 12:58:57
The tire market in Sudan is anticipated to cross $18.50 million by 2022, on account of recovering domestic demand, growing automobile sales and favorable government policies, according to recently released TechSci Research report, “Sudan Tire Market Forecast & Opportunities, 2022”.

[Kenya] Bank borrowing to rise sharply in 2017, Metropol outlook

02-24-2017 | 10:24:00
Kenyan economy is predicted to grow at 6.5 per cent in 2017 from an estimated 5.9 per cent last year driven largely by a historic spike in borrowing this year driven by government and private sector as the capping works itself out according to the latest forecast by Metropol Corporation.

[South Africa] Samsung Electronics responds to market needs with new QLED series

02-24-2017 | 10:14:49
Samsung Electronics has launched its new QLED Q9, Q8, and Q7 TV series with the belief that this latest range of TVs will create an entirely new era in home entertainment.

Nigerian Internet Exchange goes live at MainOne’s Data Center to peer local Internet traffic

02-24-2017 | 10:08:00
MainData Nigeria (MDXi) and the Internet Exchange Point of Nigeria (IXPN) have announced a partnership aimed at expanding the peering of Internet Transit traffic within Nigeria.

[Kenya] Jomo Kenyatta International Airport granted category one status

02-24-2017 | 06:52:00
Kenya’s Jomo Kenyatta International Airport has received category one status after a final assessment audit by the US Federal Aviation Administration which now means that Kenyans can now fly directly to the United States after waiting for eight years.

[Kenya] Kengen to sell 5 per cent stake to SOC Limited

02-24-2017 | 06:47:00
The Kenya Electricity Generating Company (KenGen) has announced plans to sell 351 million shares equivalent to a 5.33 per cent stake to a South African pension fund, Public Investment Corporation SOC Limited.

Common Market for Eastern and Southern Africa pushes for alternative dispute resolution to safeguard integration

02-24-2017 | 06:45:00
The Common Market for Eastern and Southern Africa (Comesa) is working towards improving investment opportunities in the region by offering better protection to the business community against any violations relating to the regional integration agenda.

Caterpillar to open new parts distribution facility in South Africa to enhance customer support

02-24-2017 | 04:00:00
Caterpillar Inc has announced plans to consolidate its parts distribution centers in Isando, South Africa into a new parts distribution facility near Johannesburg at about 20 kilometers (12 miles) from the existing centers. The new facility is expected to become operational in the second quarter of 2017.

Jumia launches flight services with eyes on domestic and international travelers

02-23-2017 | 15:31:30
Online hotel booking company Jumia Travel has launched flight services for local and international travelers across the world.

Cameroon targets 1,615 kilometers of new roads by year end

02-23-2017 | 15:28:07
In the financial year 2017-2018, the Cameroon government has pledged to surface a total of 1,615 km of new roads, the Minister of Public Works, Emmanuel Nganou Djoumessi, announced.

Delta Airlines to Air Nigerian Movies on board

02-23-2017 | 12:25:00
American carrier, Delta Airline, has disclosed arrangements to air Nigerian movies, popularly known as Nollywood, on-board its international flights, including those between the United States and Nigeria.

[Nigeria] NIRSAL to launch $300m agribusiness loan project for young farmers

02-23-2017 | 12:08:05
Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL), an arm of the Central bank of Nigeria (CBN) has announced plans to launch a $300 million agribusiness loan project for young farmers across the country.

Unicaf University partners with eLearnAfrica

02-23-2017 | 10:53:04
Unicaf University has announced that its programmes will be available on eLearnAfrica.com, thereby extending further the University’s reach throughout the continent.

Zambia Signs Second Scaling Solar Mandate to Develop Another 500 MW of Renewable Energy

02-23-2017 | 10:42:00
This is Zambia’s second engagement with Scaling Solar and it follows successful auctions held in May 2016 for two solar PV plants of up to 50 MW each that attracted some of the world’s top renewable energy developers.

Sciences Po University to Join The MasterCard Foundation Scholars Program for African leaders

02-23-2017 | 10:34:00
The MasterCard Foundation has announced a six-year, USD8.2 million partnership with Sciences Po in Paris, France, to provide 120 bright, next-generation African leaders with a high-quality social sciences university education in one of Europe's leading universities.

[Kenya] Base Titanium Limited confirms three additional members to its board

02-23-2017 | 10:20:00
Base Titanium Limited, a wholly-owned subsidiary of Australian and UK-listed Base Resources Limited has announced the appointment of three additional members to its Board of Directors.

[South Africa] City Lodge Hotels Group starts African expansion with 148- room hotel in Mozambique

02-23-2017 | 10:18:00
Johnnesburg Stock Exchange -listed City Lodge Hotels group has commenced the development of a 148-room City Lodge Hotel in Maputo in Mozambique as part of its $76 million expansion into Africa and is considering further opportunities on the continent.