News

Nigeria to showcase maritime potential in Norway

03-30-2017 | 12:23:00
Poised to attract foreign investors into the nation’s shipping sector, The Nigerian Maritime Administration and Safety Agency (NIMASA) has unveiled its plans to showcase the huge potential of the Nigerian maritime sector at the Norway Shipping holding later week this year.

Guinea Insurance targets 80 per cent coverage for Nigerians by 2021

03-30-2017 | 12:10:00
The Chairman of Guinea Insurance Plc, Mr Godson Ugochukwu, says the company is targeting to bring 80 per cent of Nigerians under insurance cover by 2021.

Telecom Egypt appoints Ahmed El Beheiry as new CEO

03-30-2017 | 11:42:53
Telecom Egypt's board has chosen Ahmed El Beheiry as the state-owned landline monopoly's new chief executive officer, the company said in a statement on Tuesday.

Surf and Facebook launch wifi hotspots in Kenya

03-30-2017 | 11:19:08
Surf and Facebook officially launched Express Wi-Fi by Facebook in Kenya today. This initiative was born from the mutual belief of both organizations that access to internet should be available and affordable for everyone.

[Angola] IMF welcomes restructuring of Angola Savings and Credit Bank

03-30-2017 | 10:32:00
The International Monetary Fund (IMF) welcomed the Plan for Restructuring and Recapitalization of the Angolan Savings and Credit Bank (BPC), which must be based on solid bases, to contribute to the country's development.

Rwanda railway line to delay until 2030 on Ugandan delay

03-30-2017 | 10:30:00
The much anticipated railway line in Rwanda will delay until 2030 – East African Legislative assembly members meeting in Kigali have said.

[Nigeria] Africa Finance Corporation Delivers Strong Financial and Operational Growth in 2016

03-30-2017 | 08:30:00
Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, today announces its 2016 fiscal year results.

Amani Abou-Zeid elected AU Commissioner for Infrastructure and Energy

03-30-2017 | 08:30:00
The African Development Bank top Executive in charge of the African Natural Resources Center Amani Abou-Zeid was elected African Union Commissioner for Infrastructure and Energy at the latest AU Summit in the Ethiopian capital Addis Ababa.

[South Africa] Law Firm Baker McKenzie expands tax capabilities in Africa

03-30-2017 | 08:00:00
Leading global law firm Baker McKenzie has expanded its tax practice in Africa with the appointment, from 1st June 2017, of a market leading tax team headed by Stephan Spamer from ENSafrica.

Safaricom cuts Lipa Na MPESA tariffs by half, announces MPESA App

03-30-2017 | 06:32:00
Listed telecommunication company Safaricom has announced a number of initiatives that seek to further increase the convenience of M-PESA as it continues to extend the gains of mobile money ten years after its launch in Kenya.

China Railway Group to open subsidiary in Tunisia

03-30-2017 | 06:30:00
China Railway, one of the major companies operating in infrastructure construction and manufacturing of engineering equipment and components, is opening an office in Tunisia

[Ghana] West Africa Gas acquires two LPG vessels to diversify operations

03-29-2017 | 16:07:00
The West Africa Gas Limited (WAGL), an Energy company owned by the Nigerian National Petroleum Corporation (NNPC) and Oceanbed (a member of the Sahara Group), has taken a step further towards becoming a fully-integrated energy company by ordering and completing the construction of a Liquefied Petroleum Gas vessel for commercial activities.

Uganda in aggressive campaign to grow tourism numbers to four million by 2020

03-29-2017 | 16:05:00
Uganda has started an aggressive and marketing and promotion marketing campaign in order to increase tourist arrival from the current 1.3 million visitors to four million by the year 2020, according to Ephraim Kamuntu, the Minister of Tourism.

[Egypt] Almosafer unveils flight-booking service

03-29-2017 | 16:00:00
Almosafer released its new flight-reservation feature for both their web and mobile app platforms. The service is valid for customers travelling to and from the Saudi Kingdom through more than 500 airlines globally

[Nigeria] Dangote Buys Largest Crane in Africa From China

03-29-2017 | 13:21:13
Aliko Dangote is presently the owner of the largest crawler crane in Africa. The businessman bought the crane from Chinese construction company, XCMG Construction Machinery Co Ltd, a Company dealing in heavy machineries.

[South Africa] Sanlam set to increase shareholding in Zimnat

03-29-2017 | 13:04:00
Financial services group Sanlam is set to announce further investment in Zimbabwe’s Masawara Insurance, increasing its stake in the company beyond the 40 percent it holds.

[Tanzania] YARA announces $36 million investment in Dar port to improve supply of fertilizer

03-29-2017 | 13:02:00
Fertilizer producing company YARA International has announced a $36 million investment at the port of Dar es Salaam to ensure smooth production and supply.

Ghana loses $50m to cyber crime, report

03-29-2017 | 13:00:00
A report by Kenyan-based IT firm, Serianu Limited, has revealed that the economy lost a total of US$50 million to cybercrime in 2016.

[South Africa] Cirrus licensed as a Financial Services Provider

03-29-2017 | 10:28:16
Cirrus Managed Services has been licensed as an authorised Financial Services Provider (FSP) by the Financial Services Board (FSB) to provide intermediary services to long-term insurers.

[Nigeria] Dr. Joseph Nnanna appointed as Chairman of Africa Finance Corporation

03-29-2017 | 10:11:00
Africa Finance Corporation announces that Dr Sarah Alade, its Chairman, representing the Central Bank of Nigeria, from which she officially retired on 22 March, 2017, has also stepped down from her position as Chairman of the AFC Board of Directors with effect from today.