News

World Bank grants Togo $15m to help increase employment opportunities

03-22-2017 | 08:13:43
The World Bank today approved a $15 million grant to help the government provide access to income generating opportunities to targeted poor and vulnerable youth in Togo.

Rwanda to host premier Africa Regional Internet and Development Dialogue conference

03-22-2017 | 06:45:21
The Internet Society has announced that it will hold the first ever Africa Regional Internet and Development Dialogue from 8-9 May 2017 in Kigali, Rwanda, in partnership with UNESCO and Republic of Rwanda.

Dangote Group to launch fundraising for The Africa Center in New York City

03-22-2017 | 06:12:00
Halima Aliko Dangote was recently appointed the president of The Africa Center in New York City (with the major responsibility of raising capital for the center. The goal is to raise funds to complete the center building in New York.

[Egypt] Construction of mobile phone factory on course

03-22-2017 | 06:09:26
In its quest to manufacture its own mobile phones, Egypt has been constructing a mobile phone factory in Assiut Technological Park which is expected to be completed within the next few weeks.

Africa Climate Change Fund scales up operations with new contributions from Italy and Flanders

03-22-2017 | 06:02:00
The Board of Directors of the African Development Bank (AfDB) has approved the conversion of the Africa Climate Change Fund (ACCF) – established in 2014 with €4.725 million from the Government of Germany – to a multi-donor trust fund.

509 Micro, small and medium enterprises trained under Seychelles MSME Development Project

03-22-2017 | 05:56:00
Some 509 micro, small and medium enterprises development (MSME) owners graduated and received certificates of participation after attending two business development courses organized by the Seychelles Enterprise Promotion Agency

[Kenya] Capital Markets Authority targets listing 40 companies in the Growth Enterprise Market Segment by 2023

03-21-2017 | 13:42:56
In its drive to increase listings on the Nairobi Securities Exchange (NSE), in line with the objectives of the 10-year Capital Market Master Plan (2014-2023), the Capital Markets Authority (CMA) has signed up 70 potential issuers for the Business Incubator and Accelerator on the Listing Experience event.

[Nigeria] Government approves private and commercial helicopter services at Abuja Airport

03-21-2017 | 13:35:00
The Federal Government has approved the operation of private and commercial helicopter services at the Nnamdi Azikiwe International Airport, Abuja which had been shut for rehabilitation of the runway and other facilities

SES and Intersat to Provide Internet Connectivity Across Africa

03-21-2017 | 11:27:00
SES and Intersat announce today that they have signed a multi-year agreement to deliver internet services across Africa.

Nielsen data shows that South Africans will pay more for premium brands

03-21-2017 | 10:41:00
A phenomenal 92% of South Africans reveal they are willing to pay an above-average price for products that deliver higher quality, offer superior functioning (91%) or stand behind environmentally responsible (86%) or socially responsible (77%) principles.

D.light reaches over 4800 off grid households with Pay-Go- Solar home system in six months

03-21-2017 | 10:38:41
With 120,000 units sold, almost all within the first six months of its October 2016 global launch, d.light's D30 Pay-Go solar home system is proving to be the fastest pay-as-you-go off-grid solar product to reach scale.

[Nigeria] NNPC to Generate 4,000 Megawatts Power

03-21-2017 | 10:28:00
The Nigerian National Petroleum Corporation, NNPC will generate about 4, 000 megawatts of power in the next ten years to boost the supply in the country.

[Kenya] Mary Wanyeri appointed HR Manager at OLX

03-21-2017 | 10:28:00
Online company OLX has hired former Jumia Human Resource Manager Mary Wanyeri to head its HR department.

Tony Elumelu Speaks on Africapitalism to youths at Ghana’s leading institution

03-21-2017 | 10:21:02
Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa, propagating the ideal of Africapitalism.

World Bank Approves $200m Emergency Support to North East Nigeria

03-21-2017 | 10:13:10
The World Bank’s Board today approved a $200 million credit to support the Government of Nigeria’s response to the acute humanitarian and forced-displacement crisis triggered by the Boko Haram conflict in North East Nigeria. T

South Sudan and Equatorial Guinea in historic collaboration on oil and gas

03-21-2017 | 05:30:00
South Sudan and Equatorial Guinea announced an historic partnership today in Juba, setting out the terms for a strong bilateral relationship between the African oil and gas producers.

[Kenya] Ban on plastic bags will cut jobs and affect livelihoods, Kenya Association of Manufacturers

03-21-2017 | 05:25:16
Kenya Association of Manufacturers (KAM) has stated that local manufacturers were not consulted on the impending ban of plastic bags following the ban to use, manufacture and import all plastic bags.

Afreximbank and TDB close $500 million syndicated loan facility for Kenya

03-21-2017 | 05:16:42
The Trade Development Bank (TDB), formerly known as PTA Bank, and the African Export-Import Bank (Afreximbank) have closed a $500 million dual-tranche syndicated loan facility for the Government of Kenya which acted through the country’s National Treasury.

AFD Group and European Union in a $26million investment to boost renewable energy in Africa

03-21-2017 | 05:12:00
At the Africa CEO Forum currently ongoing in Geneva, AFD Group - in partnership with the European Union - unveiled the "African Renewable Energy Scale-Up facility", designed to boost private sector investment in on-grid and off-grid renewable energy production in Africa.

AgDevCo and CDC invest $11.5m in Jacoma Estates Group to expand its Malawian farming operations

03-20-2017 | 12:07:03
A new $11.5m investment in Jacoma Estates has been announced by CDC, the UK's development finance institution, and AgDevCo, a social impact investor targeting sub-Saharan Africa.