News

Tanzania wins $21.7 million from Climate Investment Funds to advance geothermal exploration and transform its energy sector

07-20-2017 | 08:05:03
The Climate Investment Funds (CIF) has approved US $21.7 million for the United Republic of Tanzania to finance its Geothermal Energy Development Project.

Gigawatt Global expands its green energy offerings in Africa with Burundi street lighting project

07-20-2017 | 07:56:22
Downtown Bujumbura just got a little brighter, thanks to an innovative partnership between Mayor Freddy MBONIMPA and Gigawatt Global, a founding member of United States Power Africa's Beyond the Grid program.

[Togo] BBOXX to install 30,000 solar home systems in five years

07-19-2017 | 14:51:39
BBOXX , one of the UK's fastest growing renewable-energy businesses has signed an agreement to implement 300,000 BBOXX solar home systems in Togo over the next five years.

SAP Skills for Africa launches East African chapter with participation from Kenya, Rwanda, Uganda, Ethiopia

07-19-2017 | 14:44:35
SAP Skills for Africa has launched its first-ever East African programme at an event held in Nairobi, Kenya.

Vodacom minority shareholders vote in favour of Safaricom transaction

07-19-2017 | 12:53:15
Vodacom minority shareholders have overwhelmingly voted in support of the proposed acquisition by Vodacom Group of an effective 35% stake in Safaricom Kenya.

Oumar Seydi appointed IFC Regional Director for Sub Saharan Africa

07-19-2017 | 12:49:42
International Finance Corporation, a member of the World Bank Group, has announced that Cheikh Oumar Seydi has assumed the role IFC’s Regional Director for the entire Sub-Saharan Africa region effective July 1

Africa Plantation Capital expands Kenyan operations

07-19-2017 | 10:45:30
Africa Plantation Capital, one of the APC Group's associated companies, has now expanded its operations in Kenya with the acquisition of one more large piece of land for the creation of Phase 2 of its high value bamboo plantation operations.

Rwanda and World Bank sign agreement to expand acquisition of quality skills

07-19-2017 | 10:45:22
The Government of Rwanda and the World Bank have signed a $ 120 million to support the expansion of opportunities for the acquisition of quality, market-relevant skills in selected economic sectors.

[Uganda] United Bank for Africa rolls out Debit Mastercard in cashless payments drive

07-19-2017 | 08:33:00
United Bank for Africa (UBA) has announced the rollout of the Debit Mastercard card in Uganda to financially support its citizens.

Madagascar signs Tripartite Trade Agreement becoming 20th member

07-19-2017 | 08:28:35
The Republic of Madagascar has become the 20th country to sign the Tripartite Free Trade Agreement.

Farming financing programs set to secure international demand for produce from small farmers in Rwanda and Tanzania

07-19-2017 | 08:24:32
The International Finance Corporation (IFC) and the Global Agriculture and Food Security Program (GAFSP) are launching smallholder farmer financing programs with the United Nations World Food Programme (WFP) to improve food security among vulnerable people in Rwanda and Tanzania.

CloudMargin and Strate Collateral Management introduce automation to South African OTC Derivatives Contributors

07-19-2017 | 08:18:53
South African market participants can now enjoy unprecedented automation and straight-through processing by leveraging newly available, integrated cloud-based technology

Etisalat Nigeria rebrands, now 9Mobile

07-18-2017 | 13:16:00
The embattled Etisalat Nigeria on Thursday rallied to move away from the shadows of its troubles by taking a new brand name.

Market competition for commercial vehicles in Africa intensifies, Frost & Sullivan

07-18-2017 | 12:30:00
Rising urbanization is encouraging unprecedented infrastructural developments in Africa, especially across the construction and oil and gas sectors.

Egypt stocks likely to extend gains with second tranche of IMF loan, foreigners’ purchases

07-18-2017 | 12:05:00
Egypt stocks are expected to extend gains this week after the government secured the second tranche of IMF loan, with foreign investors likely to inject fresh cash in the country’s cheap shares.

[South Africa] DSASA shows 35% growth in direct selling businesses amidst downgraded economy

07-18-2017 | 10:44:17
In an economy facing a third possible downgrade, mounting living costs and scarce jobs opportunities, it’s reassuring that the direct selling industry is one of the few sectors showing growth over the past 18 months.

Emergency goat distribution to restore livelihoods in North East Nigeria

07-18-2017 | 10:31:00
To strengthen resilience of communities from the loss of livestock assets, Food and Agriculture Organization, FAO, has distributed 3600 goats to improve household nutrition and rebuild livelihood of vulnerable communities

[Nigeria] Aero Contractors partners with UK's AJW on aircraft maintenance

07-18-2017 | 10:20:00
AJW Group has signed an agreement with Aero Contractors, the Nigerian-based airline, to assist in the restructuring and upgrading of their MRO support services.

Nigeria internet users hits 91 million - NCC report

07-18-2017 | 09:52:00
According to the Nigerian Communications Commission (NCC), by May this year, Nigeria hit the 91 million mark in terms of internet users in the country.

[South Africa] RH Bophelo lists on the Johannesburg Stock Exchange

07-18-2017 | 09:27:01
RH Bophelo has listed as a special purpose acquisition company “SPAC” on the Main Board of the JSE