Gulf’s third largest Islamic bank, Qatar International Islamic bank has received a nod to start operation in Morocco.
Kenya’s national carrier Kenya Airways has announced plans to lay off 38 staff members as part of its second phase of right sizing.
Solom Lartey has been appointed the new Managing Director and Chief Executive Officer of Activa International Insurance.
The government of South Sudan through the Ministry of petroleum has extended the oil exploration and production licenses by five years for three multinational companies as it seeks to boost production.
Nokia and Ooredoo Algeria achieve transmission rate of 1TPS in Africa’s first field trial of new optical technology
Working in partnership, Ooredoo Algeria and Nokia have successfully achieved a ground-breaking transmission speed of 1.2 terabits per second over optical fibre in Africa’s first field trial of innovative optical communications technology.
United Bank of Africa has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion.
First Bank of Nigeria Limited has increased transfer transaction limits on its FirstMobile Lifestyle app from N500,000 to a maximum daily limit of N1 million.
Oil trader Gunvor Group is suing Cerberus Capital Management, alleging that the private-equity firm is refusing to pay its share of costs incurred when the two companies made a failed $650 million bid for Chevron Corp. assets in South Africa.
Kenya is considering converting a portion of its coal deposits to oil as part of measures to cushion the economy from the volatile fuel import market.
President Idriss Deby Itno of Chad, has ratified the Agreement on the Establishment of the African Export-Import Bank (Afreximbank), concluding the formalisation of the country’s membership of the continental trade finance bank.
Data Science Nigeria will host a learning bootcamp for young data scientists in an aim to address the capacity gaps in Data science for beginners, intermediate and experts.
The Women’s Land Rights Visiting Professionals Program (VPP) will host a one-day regional convening to launch priority advocacy initiatives supporting the African Union Member States’ commitment to achieve a target of 30 percent women’s joint or individual ownership of land in Africa by 2025.
Despite what looks like economic downturn, investments in the fast growing telecommunications sector have been put at $68b as at July, 2016. Of this figure, $35 billion comes from Foreign Direct Investments (FDIs).
European Union lending arm, the European Investment Bank has confirmed that it lent $97 million to support investment by companies across East Africa in 2016.
Zimbabwe's second largest mobile-telecommunication company by subscribers, NetOne has appointed George Manyaya as its Public Relations and Special Projects Executive.
UT Bank has resumed trading at the Ghana Stock Exchange following a temporary halt. The bank trading activities was halted by the Ghana Stock Exchange after UT failed to publish its quarterly audited accounts to shareholders
Ingenico Group partners Interswitch to deliver best-in-class multichannel payment solutions to the Nigeria
Ingenico Group, leader in seamless payment, announced that a strategic partnership has been signed with Interswitch Nigeria Limited, the leading transaction switching and electronic payment processing company in Nigeria.
Diversified hospitality company Marriott International, Inc has announced further expansion in Algeria with the opening of its seventh hotel in Algeria, Sheraton Annaba.
SEFA to support Tanzania in establishing a Renewable Energy Investment Facility to finance rural energy access projects
The African Development Bank-hosted Sustainable Energy Fund for Africa (SEFA) approved a US $870,000 preparation grant for Tanzania’s the Rural Energy Agency (REA) to structure the Renewable Energy Investment Facility.
Telecommunication company Telkom Kenya has made a raft of changes in its management as part of a broader strategy to strengthen the telcos’ operational and service excellence, drive ongoing growth and technological leadership while aligning the business with its transformation agenda.