News

Emirates announces third daily flight service to Kenya

01-20-2017 | 20:02:00
UAE’s carrier Emirates has stated that it is introducing a third daily flight between Dubai and Kenya’s capital from 1 June 2017.


Morocco and Ghana mull harmonizing stock markets operations to ease trading

01-20-2017 | 20:00:00
Ghana and Morocco are in talks to harmonize operations in the two countries’ stock markets allowing easier trading.


Bowmans Kenya Intellectual Property team awarded gold ranking for fifth consecutive year

01-20-2017 | 14:47:45
World Trademark Review 1000 – The World's Leading Trademark Professionals has awarded a gold ranking to the Intellectual Property (IP) team at Bowmans in Kenya for the fifth consecutive year.


Tanzania to build fifth international airport

01-20-2017 | 14:27:03
Tanzania says it is set to build the fifth international airport in its capital Dodoma.


[Angola] The Integrated Centre for Technological Training to bridge unemployment gap with technical training programme

01-20-2017 | 14:20:15
The Integrated Centre for Technological Training (Cinfotec) plans to train and certify over 3500 Angolans on technical skills as it seeks to bridge the unemployment gap.


Zimbabwe taxman trains eyes on contrabands with new electronic cargo tracking system

01-20-2017 | 11:38:00
Zimbabwe’s taxman, the Zimbabwe Revenue Authority (Zimra) is in the final stages of rolling out an electronic cargo tracking system, which is designed to monitor trucks transiting through Zimbabwe, as authorities heighten efforts to prevent dumping of foreign goods on the local market.


Bank of Ghana set to unveil new GH¢5 notes

01-20-2017 | 11:35:00
Bank of Ghana has announced that it will unveil new bank notes in five cedi denominations from March as the regulator celebrates its 60th anniversary.


First African high speed train arrives in Morocco

01-20-2017 | 11:32:00
French-made high-speed train, better known as TGV has made its way to Morocco at the Port Tangier Med..


World Bank projects marginal economic growth for Central African states

01-20-2017 | 11:30:00
The World Bank has projected that the economic growth of most countries in the Central African Economic and Monetary Community (CEMAC) will slightly accelerate from 2017 to 2019, based on its latest economic perspectives.


Proflight Zambia set for four new domestic routes this year

01-20-2017 | 06:54:58
Commercial airline Proflight Zambia has announced it is launching four new domestic routes this year as it seeks to grow its revenue and tap into the growing demand for more routes by a burgeoning business and tourism clientele


Nevine Kashmiri appointed United Bank of Egypt's assistant Managing Director of funding large enterprises, SMEs

01-20-2017 | 06:49:58
The board of United Bank of Egypt has appointed Nevine Kashmiri as the assistant to the managing director of the department for funding large, and small- and medium-sized enterprises (SMEs).


Burundi breaks ground for largest solar power project in 30 years

01-20-2017 | 06:40:01
Burundi has started construction of a 7.5 Megawatt solar field that will add 15 per cent powerto the country’s generation capacity. The project is being chaperoned by Gigawatt Global having invested $14 million to the entire project.


Dr. Michael Mugerwa appointed General Manager of Uganda Refinery Holding Company

01-20-2017 | 06:35:39
The Uganda Refinery Holding Company Limited (URHC) has appointed its first general manager Dr. Michael Nkambo Mugerwa.


Kenya Airways starts flower exports to Australia in revenue diversification binge

01-19-2017 | 15:58:51
Kenya’s national carrier Kenya Airways has started exporting cut flowers to Australia as it looks to diversify its revenue streams.


Djibouti starts construction of Africa’s largest free trade zone

01-19-2017 | 15:56:05
Djibouti has launched the construction of what has been billed as Africa's largest free trade zone, to be built in the tiny Horn of African nation with Chinese backing.


[Egypt] NAEEM Shares &Bonds Brokerage starts trading at Dubai’s equity futures market

01-19-2017 | 14:53:36
NAEEM Shares & Bonds brokerage has announced that it has joined Nasdaq Dubai’s equity futures platform as a member, in a move aiming to connect its Emirati, Egyptian, and international clients to the fast-growing market.


[Egypt] Afreximbank announces new strategic plan targeting $90b disbursement for African trade over five years

01-19-2017 | 11:48:00
The African Export-Import Bank (Afreximbank) has announced the inception of new five-year strategic plan that will see the African continental trade finance institution disburse no less than $90 billion in support of African trade between 2017 and 2021.


[South Africa] Entersekt observes global growth amidst sharper focus on cyber security

01-19-2017 | 10:57:00
South African fintech company, Entersekt, has expanded its worldwide operations and secured contracts with major banks across several continents.


[Nigeria] Manufacturers must get NAFDAC certification before they can access loan - Bank of Industry

01-19-2017 | 10:42:00
The Bank of Industry has included authorization from the National Agency for Food and Drug Administration and Control (NAFDAC) in its conditions for the approval of loan requests by manufacturers of drugs, pharmaceuticals, and food products in Nigeria.


Central Bank of Nigeria bars banks from bitcoin, virtual currencies

01-19-2017 | 10:28:00
The Central Bank of Nigeria (CBN) has barred deposit money banks and all other financial institutions from the operation of any form of virtual currency.