News

[Tunisia] Sustainable Urban Development Programme receives $2 million boost from Swiss government

01-12-2017 | 11:06:00
Tunisia has received a $2.2 million donation from the Swiss State Secretariat for Economic Affairs to assist the North African country achieve the first phase of "the sustainable urban development programme of Sousse and other cities" in 2017.


[South Africa] Phumelela Gaming and Leisure in cash call to finance Supabets

01-12-2017 | 11:04:00
Horse racing and betting group Phumelela Gaming and Leisure has announced plans to raise $20.6 million through an offer of 16.3 million shares at $1.2 a share in a bid to finance its 50 percent stake in fixed odds sports betting operator, Supabets, the company said


[Ethiopia] Addis ababa- Djibouti railway opens region to trade and opportunities

01-12-2017 | 11:00:00
The Addis Ababa-Djibouti Railway, which connects Ethiopia’s capital to the Port of Djibouti has officially been opened.


With OT, Burkina Faso has the Most Secure Driving License and Vehicle Registration Document in Africa

01-12-2017 | 10:45:00
Oberthur Technologies today announces that its cutting edge solution, Lasink, has been chosen by Burkina Faso through a multi-year contract to supply highly secure vehicle registration documents and driving licenses.


[Nigeria] NPDC Clarifies Oil Revenue Remittance to Federation Account

01-12-2017 | 10:45:00
The Nigerian Petroleum Development Company, NPDC, the upstream subsidiary Company of the Nigerian National Petroleum Corporation, NNPC, has provided clarification on the reported non-remittance of some crude oil revenue to the Federation Account.


GameMania, first ever money casino mobile app, launched in Kenya

01-12-2017 | 10:30:00
Kenyans have been introduced to their very first casino mobile application on Android phones. Rambo Resource Ltd together with the Licensing Board in Kenya announced the launch of GameMania.


[Nigeria] Facebook partners ICLDNG to improve browsing

01-12-2017 | 10:15:00
In an effort to make the internet a safe and secure environment for communities, Facebook has partnered with the International Centre for Leadership Development Nigeria (ICLDNG) to launch a safety center for teenagers, parents and educators.


[Ghana] Quantum Global’s Hotel Fund Acquires Mövenpick Ambassador Hotel Accra

01-12-2017 | 10:00:00
QG Africa Hotel LP, a Mauritius based investment fund managed by Quantum Global Investments Africa Management Ltd., has announced the acquisition of the Movenpick Ambassador Hotel Accra from Kingdom Holding Company (KHC).


Republic of Congo to receive USD250m Afreximbank support for oil fields strategic plan

01-12-2017 | 09:26:02
The African Export-Import Bank (Afreximbank) and the Government of the Republic of Congo yesterday in Cairo signed a facility agreement under which the Bank will provide $250 million in future flow pre-financing to meet the Government’s strategic plan for its oil fields.


ENGIE signs an agreement for the development of Renewable Energies in Senegal

01-12-2017 | 09:20:46
ENGIE announces the signature of a partnership with ANER, the National Renewable Energies Agency in Senegal, to accelerate the development of renewable energies in the country.


Algeria to unveil first of its kind Renault and Volvo assembly plant

01-12-2017 | 08:08:00
Algeria is set to commission an assembly plant for Renault and Volvo industrial vehicles under an Algeria- EU partnership.


FNB Namibia awaiting regulatory approval to acquire Pointbreak and Ebank

01-12-2017 | 08:06:00
Namibia’s largest commercial bank FNB Namibia is awaiting regulatory approval to acquire investment firm PointBreak and Ebank as it seeks to solidify its portfolio in the country.


Zambia receives $286 million from India to decongest capital

01-12-2017 | 08:04:00
Zambia has received $286 million for from the Indian government meant to improve infrastructure and decongest the capital Lusaka.


[Egypt] Pickalbatros Holding for Financial Investments Company sets eyes on ultra-modern hospitality facility

01-12-2017 | 08:00:00
As part of its expansion plan Pickalbatros Holding for Financial Investments Company has bought a plot of land for the establishment of a new hotel facility in Fifth Settlement, New Cairo Egypt. The hotel is also expected to include an aqua park.


Africa Union appoints ten eminent experts to drive technological and economic development agenda in Africa

01-11-2017 | 22:18:15
Ten eminent experts drawn from various disciplines have been appointed to serve in the High Level African Panel on Emerging Technologies (APET) with a view to recognizing the need to harness both existing and emerging technologies for the economic development of Africa.


Sierra Leone receives telecommunication and e- governance program from ECOWAS for implementation

01-11-2017 | 22:17:46
An ECOWAS supported telecommunication project has been handed over to Sierra Leone for further implementation as the country seeks to build its telecommunication network after the civil strife.


Rajeev Sethi appointed Bharti Airtel’s Chief Commercial Officer for Africa

01-11-2017 | 15:50:00
Telecommunication service provider Bharti Airtel has appointed Rajeev Sethi as the chief commercial officer for its Africa operations.


[Rwanda] Technology connects farmers to timely market information

01-11-2017 | 15:44:40
Eastern Africa Grain Council, EAGC, has unveiled an online platform that will allow Rwanda grain and cereal farmers easy access to regional market information.


[Ethiopia] Zebidar Beer SC excites beer industry with first of its kind pull off beer caps

01-11-2017 | 15:37:51
Zabidar Beer SC has unveiled a new trend in the industry with the unveiling of pull off caps, also known as RipCap, the first of their kind in the Ethiopian market, avoiding the customary bottle openers.


DR Congo expresses interest in Tanzania, Rwanda oil pipeline project

01-11-2017 | 15:30:43
The Democratic Republic of Congo (DRC) has expressed interest in Uganda’s crude oil pipeline project and has expressed commitment in participating in its implementation.