News

[Nigeria] AFIG latest shareholder of FSDH Merchant Bank after undisclosed investment

09-22-2017 | 08:13:55
FSDH Merchant Bank, a financial services group in Nigeria, has revealed that Advanced Finance and Investment Group (AFIG Funds), a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in the Bank.

Comoros joins Afreximbank as Participating State as Chad, South Sudan conclude ratification

09-21-2017 | 13:27:00
Membership of the African Export-Import Bank has moved closer to full coverage of the African continent with the decision by the island of Comoros to join the continental multilateral trade finance institution as a participating state.

Oserian Fairtrade supplements staff feeding with nutrition garden

09-21-2017 | 12:30:00
Kenya’s largest flower farm Oserian Development Company Limited through its Fairtrade Joint Body has established a garden of select highly nutritious vegetables as it seeks to supplement staff feeding.

ECREEE, CTCN and PFAN unveils project for women led sustainable energy enterprises in West Africa

09-21-2017 | 12:12:06
ECREEE, CTCN and PFAN have launched a call for proposals for women-led sustainable energy enterprises in West-Africa, as part of the CTCN/ECOWAS Project on Mainstreaming Gender for a Climate-Resilient Energy System in West Africa.

Farming and rural non farm activities can provide solutions to rising youth employment in Africa, FAO

09-21-2017 | 11:59:00
Farming and rural non-farm-based activities still have untapped potential to generate employment opportunities for Africa’s rising youth population, FAO has said at a high level forum

Afreximbank, in first Tunisian intervention, grants €50m trade facility to Loukil Group

09-21-2017 | 10:36:00
The African Export-Import Bank has initiated its first–ever intervention in Tunisia with a 50-million Euro Global Trade Facility in favor of Loukil Group of Tunisia.

NNPC to accelerate Local Capacity Development in Nigeria's Oil Industry

09-21-2017 | 10:30:00
The Nigerian National Petroleum Corporation (NNPC) will accelerate local capacity development in all its operations within the nation’s Oil and Gas industry.

WWF partners with the AfDB on the Africa Nationally Determined Contributions Hub

09-21-2017 | 10:16:00
The Wide World Fund for Nature and the African Development Bank have joined forces to advance the work of the Africa Nationally Determined Contributions Hub in addressing the impacts of climate change on the continent.

Dutch eLearning specialist, aNewSpring, opens office in Johannesburg

09-21-2017 | 10:11:00
aNewSpring, a dutch-based learning technology company has announced the opening of its Johannesburg-based office with exclusive distributor, New Leaf Technologies.

Nigerian Communications Commission reveals recent decrease in internet users in Nigeria

09-21-2017 | 10:03:44
The Nigerian Communications Commission (NCC) revealed that the number of people using the internet in Nigeria decreased in the month of July 2017.

Merck starts fourth round of Accelerator program in Nairobi, Kenya

09-21-2017 | 09:58:00
Merck KGaA, Darmstadt, Germany, a science and technology company, has announced the new startups participating in its Accelerator program in Darmstadt, Germany, and Nairobi, Kenya.

Greater finance needed to achieve global goals to close the electricity and clean cooking access gap by 2030 - SEforALL research

09-21-2017 | 09:42:00
SEforALL and partners has announced research analyzing finance flows for electricity and clean cooking access in 20 countries across Africa and Asia with significant access gaps, and how finance strategies could be scaled and refined to reach more people.

African Development Bank debars Malian company Entreprise de Construction Urbaine et Rurale

09-21-2017 | 09:31:00
The African Development Bank Group (AfDB) on September 19, 2017, announced the debarment of Entreprise de Construction Urbaine et Rurale (ECUR) for a minimum period of three years.

Baker Hughes awarded contract by Nigeria LNG in digital agreement for Sub-Saharan Africa

09-21-2017 | 09:21:00
Baker Hughes, a GE company, has signed an agreement for the provision of Asset Performance Management software and services for LNG trains and related Balance of Plant by Nigeria LNG Limited.

[South Africa] Consumer spending turns upward in face of tight economic conditions, report

09-21-2017 | 09:19:09
Despite challenging economic conditions, retail sales growth for July 2017 was the highest recorded for that month since 2015.

Africa will become the food basket of the world - Aliko Dangote

09-21-2017 | 09:14:00
Nigerian business leader Aliko Dangote told investors "Agriculture, agriculture, agriculture. Africa will become the food basket of the world."

Ghana's entertainment and media revenue to more than double over the next five years - PWC report

09-21-2017 | 09:08:00
Significant shifts are underway in how Africa’s E&M companies compete and generate value, as the quality of the experience they deliver to consumers becomes their primary basis for strategic differentiation and revenue growth.

SweetSense lands $750,000 federal grant to expand water monitoring in Africa

09-21-2017 | 09:02:14
A Portland-based company that produces satellite sensors used to monitor wells and latrines in several Sub-Saharan African countries has landed a $750,000 federal grant that will allow it to expand.

[Madagascar] Henri Fraise Fils & Cie develops solar minigrids to boost electricity access

09-21-2017 | 08:50:00
The U.S. Trade and Development Agency awarded a grant to Henri Fraise Fils & Cie, a Malagasy energy company, for the development and implementation of minigrids in Madagascar, where only 15 percent of the population has electricity access.

More finance needed to achieve global goals to close the electricity and clean cooking access gap by 2030, reports

09-21-2017 | 08:38:21
Sustainable Energy for All (SEforALL) have announced a first-of-its-kind research analyzing finance flows for electricity and clean cooking access in 20 countries across Africa.