News

Nigeria on track to expand oil output further

04-17-2017 | 11:04:00
As OPEC discusses a six-month extension of the oil production cut agreement that it struck in November, Nigeria plans to continue ramping up its own output.

More than two million Liberians register to vote in October elections, almost half women

04-17-2017 | 10:51:00
Approximately 2.1 million Liberians have registered to vote in the upcoming October 2017 presidential and legislative elections, according to provisional results.

Cytonn Banking report pegs KCB as most attractive bank in Kenya

04-17-2017 | 10:19:00
The Kenya Commercial Bank Group is the most attractive bank in Kenya according to a banking sector report from Cytonn Investments.

Air Tanzania to send 28 pilots, engineers to Addis Ababa for training

04-17-2017 | 10:04:00
Seeking to embark on capacity building for its employees at affordable costs, Air Tanzania Company Limited (ATCL) will send 28 pilots and aircraft engineers for training at institutions operated by Ethiopian Airlines in Addis Ababa.

World Bank Approves $150m to Enhance Mining Sector Contribution in Nigeria

04-17-2017 | 09:32:00
The World Bank’s Board has approved a $150 million credit to enhance the contribution of the mining sector to the Nigerian economy.

AfDB approves $18.15m to support South Sudan’s membership in the African Trade Insurance Agency and Trade & Development Bank

04-14-2017 | 12:45:00
The African Development Bank Group has approved a US $18.15 million facility to the Government of South Sudan (GRSS), to assist the country with the required resources for its African Trade Insurance and Trade & Development Bank membership application.

Kenya ranks third tourist destination in Sub-Sahara Africa - WEF report

04-14-2017 | 12:24:00
Kenya is now the third highest ranked sub-Saharan African country in terms of its travel and tourism competitiveness, according to a World Economic Forum report.

[Nigeria] NCC Urges Subscribers to Take Advantage of 2442 Code

04-14-2017 | 11:19:00
As part of efforts to educate telecommunications consumers on their rights to quality telecoms services, the Nigerian Communications Commission (NCC) said subscribers could stop unsolicited text messages if they send "STOP" to "2442".

Kenyan-born Lucy Gichuhi claims Australian senate seat

04-14-2017 | 11:06:02
Family First will regain its Senate seat after Kenyan-born Lucy Gichuhi won a special count of the South Australian ballot papers.

[Nigeria] President Buhari appoints 24 new heads of government agencies

04-14-2017 | 10:40:07
President Muhammadu Buhari yesterday appointed 24 persons to head federal government agencies. A statement announcing the appointments which are to take immediate effect was signed by the Director of Press in the Office of the Secretary to the Government of the Federation (OSGF), Bolaji Adebiyi.

[Namibia] Paratus Telecom plans R150m network expansion over three years

04-14-2017 | 10:23:03
Paratus Telecom plans to deepen its existing fibre network in Namibia and has announced a R150m fibre network expansion programme to be rolled out over three years.

[Zimbabwe] New Law to allow livestock as bank collateral

04-14-2017 | 10:14:00
Zimbabwe is hoping to enlist cows, goats and sheep in an attempt to revive its credit-starved economy after President Robert Mugabe’s ruling party proposed a law to make livestock eligible for backing bank loans.

AfDB provides $10.61m supplementary loan to rehabilitate and expand electricity distribution networks in Juba, South Sudan

04-14-2017 | 09:54:00
The Board of Directors of the African Development Bank Group (AfDB) approved an African Development Fund (ADF) supplementary loan of US $14.57 million to rehabilitate and expand the distribution networks in Juba, South Sudan.

Nigeria Central Bank raises banks' FX loan limits to resolve breaches

04-14-2017 | 09:48:00
Nigeria's central bank has increased the limit on banks' foreign currency borrowings to 125 percent of shareholders' fund after some lenders breached its regulatory limit due to the recent fall in the naira, according to a circular seen by Reuters.

[Uganda] Electronic Single Window to cut 30 per cent cost for traders

04-13-2017 | 15:16:33
An additional 16 government agencies involved in clearing international trade documents will be linked to the Uganda Electronic Single Window (ESW) as phase two of the system commences.

[Kenya] Honda Motors set to open assembly plant in Burundi

04-13-2017 | 15:05:16
Japanese automobiles powerhouse Honda Motors is mulling opening an assembly plant in Burundi’s capital Bunjumbura in the medium term.

Gabon in $150 million project to strengthen statistical system

04-13-2017 | 14:59:26
The World Bank Board of Executive Directors has approved an International Bank for Reconstruction and Development (IBRD) loan of $50 million equivalent to strengthen Gabon’s statistical system.

Nigeria Re-Elected 45th time as Chair, UN Peacekeeping Committee

04-13-2017 | 13:28:00
Nigeria has been re-elected, for the 45th time, to chair the UN Special Committee on Peacekeeping Operations, regarded as UN's most strategic committee, the News Agency of Nigeria reports.

[Ghana] Airtel picks Aviat Networks as 2017 supplier partner

04-13-2017 | 13:18:00
Airtel Business in Ghana has named Aviat Networks, Inc., the leading expert in microwave networking solutions,their supplier partner of the year for 2017. This award recognizes Aviat as a key partner in driving and achieving Airtel Ghana's business objectives.

Egypt liquefied natural gas market to hit 4.5 million tonnes by 2025 on industrial demand, report

04-13-2017 | 13:17:00
Growing demand from power and industrial sectors coupled with declining LNG prices to drive demand for LNG in Egypt through 2025