News

[Ethiopia] Beef exporter receives $7 million boost from Norfund

04-24-2017 | 15:44:23
The Norwegian Investment Fund for Developing Countries (Norfund) has announced an investment of $7.4 million in Verde Beef Processing PLC, an Ethiopian beef producer.

[Kenya] Courier Plus launches operations in Nairobi

04-24-2017 | 15:37:00
Nigeria based logistics and distribution firm Courier Plus has opened a Nairobi branch as it mulls expanding to other countries in the region to sate the growing demand for logistical services.

[Egypt] Carbon Holdings picks Bechtel to deliver major petrochemicals project

04-24-2017 | 15:31:56
Bechtel, a global leader in engineering, procurement, and construction, has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and one to build two new polypropylene units at an adjacent site.

Angola Cables announces start of cable loading for Atlantic System project

04-24-2017 | 13:33:24
Taking a step closer to completing a valuable new route for the global telecommunications sector, Angola Cables has announced the completion of the marine survey for the South Atlantic Cable System (SACS),

[Burundi] Trademark East Africa identifies interventions and location to enhance cross border trade

04-24-2017 | 13:27:04
TradeMark East Africa has proposed the need to adapt its engagement in Burundi by investing in projects that strengthen new export potential value chains, enhance cross border trade and increase the country’s participation in the regional market.

[South Africa] BBW participants record 80 per cent reduction in monthly mobile bills

04-24-2017 | 13:18:22
According to Business Tech South Africa, approximately 60 per cent of South Africans currently earn less than R3,000 a month. This same segment of people are most likely to pre-pay, or "top up" their mobile airtime service plans

Ghana and Zambia join the African Bond Index - AfDB

04-24-2017 | 11:49:39
"As more African countries are increasingly looking to domestic capital markets to source much-needed financing for economic development, we are delighted to welcome Zambia and Ghana to the index and expect to include more countries to it as soon as reliable pricing information is made available".

MTN South Africa and Huawei launch the first LTE LAA network in Africa

04-24-2017 | 11:03:24
MTN and Huawei have partnered to bring the first LTE Licensed Assisted Access (LAA) network in Africa. LTE LAA is an evolution of the LTE-Unlicensed mobile technology, which enables LTE to utilise unlicensed spectrum to significantly enhance network capacity.

Central Bank of Nigeria suspends implementation of cashless policy

04-24-2017 | 10:14:41
The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy. In a circular released on Friday, the apex bank instructed banks to revert to old charges and refund customers who had been debited.

German Company GROHE shares tips on water saving in Africa

04-24-2017 | 09:50:00
GROHE, a world leading German brand in sanitary fittings is commemorating on April 22nd, World Earth Day through its commitment to innovative design with a strong focus on sustainability.

[Nigeria] Dangote sells noodles business to Dufil Prima

04-24-2017 | 09:20:41
Dangote Flour Mill (DFM) owned by Africa’s richest man, Aliko Dangote announced that it has sold its noodles business and assets to Dufil Prima, makers of Indomie noodles for an undisclosed amount.

Oserian Flowers signs its employees to mobile health insurance

04-24-2017 | 09:13:53
Kenya's leading grower and exporter of cut flowers, Oserian Development Company, has signed its workers to a mobile health insurance scheme becoming the first flower firm globally and large employer in the agricultural sector in Kenya to embrace e-health.

[Egypt] Vodafone in a multi-million-dollar partnership with Procera Networks to enhance broadband subscriber experience

04-24-2017 | 09:08:03
Procera Networks has unveiled a multi-year, multi-million-dollar partnership with Vodafone Egypt to enhance the subscriber experience for its fixed and mobile subscribers.

Newmont Mining Corporation adds Profitable Gold Production through Expansion of Ahafo in Ghana

04-24-2017 | 09:02:21
Newmont Mining Corporation announced plans to extend profitable production at its Ahafo operations by building a new underground mine and expanding plant capacity by more than 50 percent.

[Kenya] Safaricom and Kwesé TV announce video distribution partnership

04-24-2017 | 09:01:00
Telecommunication Safaricom has signed a distribution agreement with Econet Media’s Kwesé TV, Africa's newest multi-platform Pay TV network, to deliver premium video content to Kenyan consumers.

GTP and Mastercard partner to unveil prepaid solutions across Africa in cashless continent drive

04-24-2017 | 08:53:08
Mastercard and prepaid processing and payments solutions provider Global Technology Partners (GTP) signed a partnership agreement that will result in the latest prepaid solutions being made available across Africa to government institutions, financial services and corporate sector and consumers.

Angola Cables completes system connecting Africa and the Americas to create new route for Internet traffic

04-21-2017 | 15:38:36
Taking a step closer to completing a valuable new route for the global telecommunications sector, Angola Cables today announced the completion of the marine survey for the South Atlantic Cable System (SACS), as well as the start of cable loading on the Angolan side of SACS.

Nigeria, U.S. trade hits $1.36b in two months

04-21-2017 | 14:56:00
Nigeria’s trade with the United States (U.S.) rose by 70.44 per cent from $799.93 million in January and to $1.36 billion in February, according to the latest U.S. Census Bureau data.

Uganda Registers Shs790b Surplus in Export Revenue

04-21-2017 | 14:26:33
Increased earnings from certain commodity exports have helped Uganda to record a surplus on its balance of payments of $222 million (Shs790b) during the quarter ended February 2017.

IMF lowers growth expectations for Egypt and Saudi Arabia

04-21-2017 | 14:04:02
The International Monetary Fund has lowered its economic forecasts this year for two of the Arab world's largest economies, reflecting sluggish growth rates brought on from austerity reforms and continued low oil prices.