News

Absa Bank refinances Harmony Gold Limited’s existing term debt facility

08-18-2017 | 15:27:22
Absa Bank has successfully refinanced and upsized Harmony Gold Limited’s existing $250 million Term Debt to a 3 year $350 million facility.

Off grid solar will transform business in Nigeria, Lumos

08-18-2017 | 14:17:27
Lumos, the people behind one of the fastest growing off-grid solar companies in Africa, have said that the mobile solar revolution will transform Nigeria’s small-business economy.

Tuluntulu partners with Rhodes Business School and Nedbank to launch economic empowerment TV channel

08-18-2017 | 14:17:00
Tuluntulu, an African mobile content platform, has teamed up with Rhodes Business School and Nedbank to launch a new 24/7 economic empowerment TV channel on the Tuluntulu app.

Absa Bank Limited and China Development Bank conclude a $100 million agreement targeting SMEs

08-18-2017 | 11:45:29
Absa Bank Limited, a subsidiary of the Barclays Africa Group, has successfully concluded a five year $100 million Special Facility Agreement with the China Development Bank (CDB).

Bill Gates invests $15 million to digitize Tanzania’s health sector

08-18-2017 | 11:40:00
Bill Gates has announced a $15 million investment to help digitize Tanzania's health information systems and improve health data in the country.

Rwanda lays foundation stone of the $700 million Bugesera International Airport

08-18-2017 | 09:29:00
Rwanda’s President Paul Kagame has laid the foundation stone of the country’s newest transportation hub, the Bugesera International Airport.

Barclays Africa Group to collaborate with nine fintech companies to test potential for scaling tech based solutions

08-18-2017 | 09:21:06
Barclays Africa Group, one of Africa’s largest financial services group with close to 12 million customers, will collaborate with nine financial technology companies to rapidly explore promising new technology-based solutions.

Chad adopts mining policy and code aligned to the Africa Mining Vision

08-17-2017 | 15:14:24
The Government of Chad, in collaboration with the Coalition for Dialogue in Africa, ECA Capacity Development Division, and the African Minerals Development Center, organized a validation workshop of the revised Mining Policy and Mining Code.

Namibia, South Africa and Botswana entrepreneurs to benefit from $3 million Stanford Graduate School of Business program

08-17-2017 | 14:30:00
Stanford Graduate School of Business has announced a $3 million, three-year partnership with De Beers Group to empower young, budding entrepreneurs in Botswana, Namibia, and South Africa.

[Tanzania] Armadale completes first phase of drilling in the Mahenge Liandu graphite project

08-17-2017 | 14:23:14
Armadale, the AIM quoted Investment Company focused on natural resource projects in Africa, has announced the c ompletion of the first phase of Reverse Circulation drilling at its Mahenge Liandu Graphite Project in Tanzania

[South Africa] Direct Pay Online Group acquires Virtual Card Services

08-17-2017 | 12:00:00
Direct Pay Online Group (DPO) has announced the acquisition of Virtual Card Services (VCS) South Africa.

Nigeria’s oil production cost down 70.5% to $23/barrel

08-17-2017 | 11:45:00
The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction.

L.E.A.F. Pharmaceuticals establishes its first subsidiary in Rwanda

08-17-2017 | 11:39:00
L.E.A.F. Pharmaceuticals LLC, a global pharmaceutical company with a mission to discover, develop and commercialize innovative and safe therapies for cancer has announced the establishment of L.E.A.F. Rwanda Ltd.

American gourmet burger concept Burgerim ventures into Egypt

08-17-2017 | 11:27:00
As one of the fastest growing international burger franchises, Burgerim is already in 16 countries and are now adding locations in Egypt and the UAE.

MTN Ghana pays over GH₵25m in interest to mobile money subscribers

08-17-2017 | 11:22:00
MTN Ghana has made payments of over GH₵ 25 million in interest to about 7.8 million Mobile Money customers for the first half of 2017.

[South Africa] Vodacom Business launches Virtual CIO to support SMMEs

08-17-2017 | 10:56:00
Vodacom Business has launched Virtual CIO, a service that provides a suite of IT support to SMMEs. The service offers monitoring, telephonic and onsite IT support to businesses which do not require full-time resources.

[Nigeria] 12 banks relieve 9Mobile of $1.2b debt

08-17-2017 | 10:45:00
The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year.

Mental health finally gaining recognition in South Africa’s workplace - CRS Technologies

08-17-2017 | 10:30:34
Issues related to mental health, including depression, in the workplace have not always garnered the necessary sympathy or response from employers compared to physical issues, but this is changing.

[Tanzania] AB Minerals Corp signs MoU with African Minerals & Geosciences Centre for Strategic Partnership

08-17-2017 | 10:21:00
AB Minerals Corp. is pleased to announce that it has signed a Memorandum of Understanding with the Africa Minerals and Geosciences Centre to establish a Strategic Partnership for the Company’s new Made for Africa Eco-Friendly coltan processing facility.

[Kenya] Safaricom signs agreement with UN Environment to upscale implementation of sustainable goals

08-17-2017 | 08:47:00
UN Environment has urged the country’s private sector to collaborate with them in implementation of the Sustainable Development Goals (SDGs) that will help curb climate change.