News

Boosting private sector’s investment in Innovation could help South Africa create Jobs, World Bank report

09-25-2017 | 12:42:20
Harnessing South Africa’s largely untapped potential for innovation could increase the economy’s productivity, propel job creation, and be of benefit to the country’s growing number of poor, according to a World Bank report.

Mauritius Telecom signs agreement to use IOX Cable System to enhance global Internet connectivity in Mauritius

09-25-2017 | 12:25:00
IOX Cable today announces that Mauritius Telecom has signed an agreement as an anchor tenant for ultra high speed connectivity on the IOX Submarine Cable System.

[Uganda] Mobile Money Transactions hit Shs44 trillion

09-25-2017 | 11:13:04
A report by Bank of Uganda found that the annual amount of money transferred through mobile money totalled Shs 43.83tn in 2016, up from Shs 32.7tn in 2015. This accounts for a 34 per cent jump in value.

Afreximbank Announces Development of African Trade Centres

09-25-2017 | 10:31:48
TheAfrican Export-Import Bank has embarked on a concept to transform its buildings into iconic business complexes with integrated one-stop trade services shop, the President, Dr. Benedict Oramah, has announced in Harare.

Ecobank introduces cardless cash withdrawal service

09-25-2017 | 10:24:34
Ecobank said it is striving to address the needs of the unbanked (and the general populace) by transforming a mobile phone into an all-in-one bank account and payment/cash withdrawal tool.

Portsmouth researchers to share in £2m funding to tackle air pollution in Sub-Saharan Africa

09-25-2017 | 10:13:05
The University of Portsmouth is helping to tackle air pollution and its harmful effects in Sub-Saharan Africa. Air pollution is a significant contributor to respiratory and cardiovascular disease and is recognised as a major global health concern.

[South Africa] Aspen Pharmacare achieves global first in tax transparency with Oracle Tax Reporting Cloud

09-25-2017 | 10:00:00
Aspen Pharmacare Holdings, the largest pharmaceutical company listed on the JSE has selected the Oracle Tax Reporting Cloud solution to report tax timely and accurately, to be compliant with the Base Erosion and Profit Shifting Country by Country reporting.

[Nigeria] Union Bank’s N50b Rights Issue now open for subscription

09-25-2017 | 09:49:00
Union Bank has the announced subscription period for its N50 billion Rights Issue which commenced on Wednesday, September 20 and will close on October 30, 2017.

The African Development Bank Group approves €15m equity investment in the Mediterrania Capital Fund III

09-25-2017 | 09:34:00
The AfDB has approved a EUR 15 million equity investment in the Mediterrania Capital Fund III under the management of an experienced team of Mediterrania Capital Partners with strong transactional and operational experience in private equity.

[Nigeria] FSDH Merchant Bank announces investment by AFIG Funds

09-25-2017 | 09:25:00
FSDH Merchant Bank has announced that AFIG Funds, a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in the Bank.

AfDB, AU, UN agencies pledge more action for Africa’s industrial transformation

09-25-2017 | 09:17:00
The African Development Bank has joined partners from the African Union Commission, African governments, key United Nations agencies and development finance institutions to renew support for African countries’ industrialization.

Afreximbank provides $600m line of credit to Zimbabwe’s Reserve Bank

09-25-2017 | 09:02:00
TheAfrican Export-Import Bank (Afreximbank) has entered into a memorandum of understanding (MOU) to provide a $600-million line of credit to the Reserve Bank of Zimbabwe (RBZ).

[South Africa] Steinhoff Africa Retail lists in Johannesburg Stock Exchange

09-22-2017 | 15:04:00
Steinhoff Africa Retail has listed in the Broadline Retailers sub sector on the main board of the JSE. Steinhoff Retail Africa (STAR) is the 14th company to list on the JSE this year.

QNET to boost direct selling and create entrepreneurship opportunities in Tanzania

09-22-2017 | 15:00:00
QNET, a company of Asian heritage and a part of the $200 billion global direct selling industry has entered the buoyant direct selling sector in Eastern Africa.

Private Sector Health Partnership Kenya announces new member, investments and master plan

09-22-2017 | 13:34:45
Private Sector Health Partnership Kenya has announced a new multiyear Masterplan, new investments and new membership.

UNDP launches study on income inequality in sub Saharan Africa

09-22-2017 | 13:23:11
It is only by addressing the challenge of income inequality that African countries can achieve decisive progress towards poverty reduction and the Sustainable Development Goals (SDGs), according to the United Nations Development Programme’s (UNDP) study.

[Kenya] Bob Collymore named CEO of the year by Africa investor

09-22-2017 | 10:40:00
Safaricom CEO Bob Collymore has been named CEO of the Year by Africa investor (Ai), a leading international investment and communications group.

Development of an African mineral resource classification system underway

09-22-2017 | 10:37:47
A pioneering initiative to set up an African Mineral Resource Classification system based on the United Nations Frameworks Classification for Fossil Energy and Mineral Reserves and Resources is now unde

Symbion and Highland Group sign $100 million equity investment agreement for Rwanda methane gas projects

09-22-2017 | 08:24:55
Symbion Energy and Highland Group Holdings Ltd. (HGHL) have signed an agreement that will see HGHL co-invest $100 million towards the implementation of a $370 million, 106 megawatts of methane gas generated power

[Tanzania] AB Minerals Corp announces financing agreement for its Dar es Salaam Coltan processing facility

09-22-2017 | 08:17:48
AB Minerals Corp has engaged Destiny Mineral and Agricultural Consultant of Dubai, UAE to lead a $40 million financing for the construction of the first coltan processing facility in Africa, to be located in Dar es Salaam, Tanzania.