News

Elgon Kenya becomes first agro input company in East and Central Africa to attain Superbrands status

07-18-2017 | 09:22:37
Leading agro input company Elgon Kenya has been awarded the 2017-2018 Superbrands East Africa status becoming the first agro input company in the region,

FAO teams up with AUC to spearhead Africa’s response against Fall Armyworm

07-18-2017 | 09:18:00
The Food and Agriculture Organization of the United Nations and the African Union Commission have agreed to collaborate on an immediate response to manage and control the fast-spreading Fall Armyworm (FAW) outbreak in Africa.

[Kenya] CMA seeks to develop sector with new policy for issuance of Global Depositary Receipts and Notes

07-17-2017 | 14:00:00
In order to deepen and develop the capital markets through innovative products, the Board of Capital Markets Authority (CMA) has approved a Policy Guidance Note (PGN) for the listing and trading of global depositary receipts and notes.

[South Africa] Siemens signs agreement to acquire Crabtree South Africa

07-17-2017 | 13:30:00
Siemens has announced the purchase of Crabtree Electrical Accessories in South Africa and its associated Lesotho business from Powertech Industries Limited.

Ethiopia earns $866m from coffee export

07-17-2017 | 13:10:00
Ethiopia earned 866 million USD exporting 221,000 tons of coffee during its last fiscal year. According to Ethiopian Coffee & Tea Development and Marketing Authority, it has accomplished 92 per cent of its set goal to increase coffee exports.

Rwanda, World Bank sign agreement to increase electricity access through off grid renewable energy

07-17-2017 | 12:20:00
Rwanda Minister of Finance and Economic Panning, Claver Gatete and World Bank Country Manager for Rwanda, Yasser El Gammal have signed a $50 million Scaling-Up Energy Renewable Program (SREP) financing agreement.

Chinese enterprises commit to wildlife conservation in Uganda

07-17-2017 | 12:15:00
At a landmark forum co-hosted by the China Enterprise Chamber of Commerce Uganda (CECCU) and the Wildlife Conservation Society (WCS), CECCU declared that Chinese enterprises operating in Uganda would support wildlife conservation

[Nigeria] Uber partners Germaine Auto Center to service drivers' vehicles

07-17-2017 | 12:09:00
Uber on Friday sealed pact with Germaine Auto Centre - a Nigerian based auto service and maintenance company - to provide maintenance services to its driver partners.

[South Africa] Syrex and Redstor partner to deliver cloud backup and security solutions

07-17-2017 | 10:43:53
Syrex, provider of virtualised and hybrid network infrastructures and solutions, has partnered with Redstor, market leader in data management and security solutions, to provide clients with a powerful cloud backup and security solution.

[Nigeria] NNPC Refineries meet 60% of Domestic Kerosene Consumption

07-17-2017 | 10:31:18
The Nigerian National Petroleum Corporation (NNPC) has announced that its three refineries in Port Harcourt, Warri and Kaduna now supply 60 per cent of Dual Purpose Kerosene (DPK), popularly known as kerosene, consumed in the country.

VAIDS is a golden opportunity for Nigerian companies to regularise their tax affairs - Sage West Africa

07-17-2017 | 10:18:11
Nigerian companies and entrepreneurs that don’t have their tax affairs in order should act now to take advantage of the government’s Voluntary Assets and Income Declaration Scheme (VAIDS).

Merck Foundation commits to long term partnership with Government of Tanzania

07-17-2017 | 10:07:00
Merck Foundation will focus on providing one year and two years surgical and paediatric oncology fellowship program in India, Europe and University of Nairobi for Tanzanian doctors to improve the cancer care in the country.

Mobisol secures additional loan facility from Finnfund to light homes

07-17-2017 | 08:42:32
Mobisol has strengthened its capital base by an additional substantial senior loan facility from Finnfund (Finnish Fund for Industrial Cooperation Ltd.), following an already provided senior loan in 2016

[Burkina Faso] PSUP invests in women and youth to deliver basic urban services

07-17-2017 | 08:40:49
A project targeting some 30,000 residents of located in Ouagadougou, the capital city of Burkina Faso are seeing the fruits of development initiatives resulting from a $100,000 Community Managed Fund project.

Boosting intra African trade crucial to Africa's development, Karingi

07-17-2017 | 08:30:28
Boosting intra-African trade is the most effective channel for trade to deliver development on the African continent, Economic Commission for Africa's Capacity Development Division (CDD) Director Stephen Karingi has said.

Esri adds Libya to its ArcGIS platform

07-17-2017 | 01:34:00
Global leader in spatial analytics, has announced the release of significant enhancements to the World Geocoding service for the company's ArcGIS platform.

[Nigeria] Prudential PLC acquires Zenith Life, enters partnership with Zenith Bank

07-14-2017 | 14:06:00
Prudential plc, one of the oldest and most strongly capitalized life insurance companies in the world, has acquired a majority stake in Zenith Life of Nigeria and formed exclusive bancassurance partnerships with Zenith Bank in Nigeria and Ghana.

Tanzanian dam huge risk to economy and environment, WWF

07-14-2017 | 14:00:00
A large-scale hydropower dam planned for Selous Game Reserve World Heritage site puts protected areas of global importance - as well as the livelihoods of over 200,000 people who depend upon the environment

Bolloré Logistics selected to coordinate Burkina Faso’s gold mine construction

07-14-2017 | 13:15:00
Bolloré Transport & Logistics has been appointed to coordinate and manage the construction of Burkina Faso’s 10th mine, where work began in July 2016.

Johannesburg Stock Exchange celebrates tenth anniversary of currency derivatives market

07-14-2017 | 10:08:00
Both the total value and total number of contracts traded on the JSE’s Currency Derivatives market has effectively more than doubled every year since the launch of the market in 2007.