News

[Nigeria] CBN releases $100m into interbank market

04-20-2017 | 09:28:00
The Central Bank of Nigeria (CBN) yesterday carried out wholesale interventions in the interbank FOREX market by offering a total sum of $100m to authorized dealers to meet the 7 to 15-day forwards requests of customers.

Vodafone Egypt launches new app for blind and visually impaired customers

04-19-2017 | 13:58:00
Vodafone Egypt launched a new mobile application for blind and visually impaired users called “E3rafli” (an Arabic word for “Find out for me") to help them recognize basic things and services through their mobile phones.

Jumia Nigeria unveils its third white paper on African Mobile Trends 2017

04-19-2017 | 12:32:00
Jumia Nigeria is pleased to present the 2017 edition of the African Mobile Trends Paper. This is the third white paper presentation from Jumia delving into mobile trends across Africa and specifically Nigeria.

Sylvain Bosc joins fastjet as Chief Commercial Officer in Johannesburg

04-19-2017 | 12:22:37
African low-cost airline fastjet’s growing team of aviation specialists receives another addition this week as former South African Airways Chief Commercial Officer Sylvain Bosc joins the carrier to lead its commercial activities.

Cros Agro to set up French Fries and Potato Flakes processing factory in Nigeria

04-19-2017 | 10:53:00
Cros Agro Allied Ltd, a Nigerian agribusiness company, has announced a commitment to invest $65 million in the country’s potato sector.

Xbox One S now Available in South Africa

04-19-2017 | 10:30:00
The latest version of the Xbox range, the Xbox One S, was made available for purchase on Monday. The One S is an update on Microsoft’s Xbox One and comes just months before the release of the Xbox Scorpio at the end of the year.

[Tanzania] TPB Bank Profit rises 30% in 2016

04-19-2017 | 10:29:00
TPB Bank has posted a profit increase by slightly over 30 per cent to cement its bid to list at Dar es Salaam Stock Exchange (DSE) main market.

Total signs new deal with Algeria's Sonatrach

04-19-2017 | 10:14:00
Sonatrach, Algeria’s state energy company, and Total, have signed a comprehensive agreement strengthening the existing partnership between the two companies.

Nigeria loses Africa's top oil producer position to Angola

04-19-2017 | 09:52:00
With the cumulative loss of 4.8 million barrels in the month under review put in cost at the prevailing $55.89 per barrel for Brent crude, Nigeria is estimated to have lost over $271.8 million (N82.8 billion).

Discounts lure buyers to South African bank stocks amid political upheaval

04-18-2017 | 13:00:00
Foreign investors have been snapping up South African banking stocks, enticed by the cheapest valuations relative to emerging-market peers since 2011, even as the country’s downgrade to junk deepened a broad equity selloff.

[Nigeria] Abuja Airport reopens in 24 hours

04-18-2017 | 12:30:00
​After six weeks of closure for runway repairs, the Nnamdi Azikiwe International Airport, will re-open for commercial flights operations tomorrow. The re-opening followed six weeks of low passenger traffic at the alternate airport in Kaduna.

[Nigeria] Globacom prescribes recipes for SMEs’ growth

04-18-2017 | 12:00:00
Nigeria’s fully integrated telecommunications company, Globacom wants small businesses to adopt integrated and flexible communications plan in order to improve their efficiency, cut cost and expand their bottom lines.

Tanzania sees 47% of GDP growth through Mobile Money Revolution

04-18-2017 | 11:03:58
When Vodacom introduced the mobile money transfer service, M-Pesa, in 2008 financial inclusion in the country was below 16 per cent.

Telkom Kenya to replace Orange Money service with new platform

04-18-2017 | 09:53:00
Telkom Kenya plans to replace its mobile money platform Orange Money amidst its continued underperformance in the market.

Dangote will be the largest exporter of rice in 5 years to come - AfDB President

04-18-2017 | 09:41:23
Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021.

MTN Ghana to Continue Payment of Interest on Mobile Money Deposits

04-18-2017 | 09:32:21
Ghana’s Leading Telecommunications Giant , MTN Ghana has relinquished power to its cherished mobile money customers to unsubscribe interest on their deposits.

Hilton eyes North African expansion with new Casablanca Office

04-18-2017 | 09:23:10
Hilton has signalled its intention to ramp up its expansion in North Africa with the establishment of a dedicated development office in Casablanca.

[Nigeria] Lagos-Ibadan Standard Gauge Construction kicks off

04-17-2017 | 11:56:00
The much-awaited construction of standard railway track from Lagos to Ibadan has commenced with the Managing Director of Nigerian Railway Corporation (NRC), Engr. Fidel Okhiria advising those with illegal structures on the railway right of way to leave immediately.

Egypt to ink one million barrel/month oil supply deal with Iraq

04-17-2017 | 11:24:10
The Egyptian cabinet has agreed to purchase one million barrels of oil from Iraq monthly, according to a statement by the North African nation’s Oil Minister Tareq el-Molla on Tuesday.

[Zimbabwe] Agronomists push for conservation agriculture

04-17-2017 | 11:15:00
Agronomists are advocating for conservation agriculture (CA) and growing of crop varieties to improve crop yields.