News

[Nigeria] 28.6 million bank users have BVN

04-13-2017 | 13:09:05
A total of 28,667,139 users of deposit money bank (DBM) accounts in the Nigerian banking system now have their Bank Verification Numbers (BVN) issued by the system.

Ethiopia inks industrial parks development deals with China and UNIDO

04-13-2017 | 13:00:13
Ethiopia, China and the United Nations Industrial Development Organization (UNIDO) have agreed to strengthen collaboration on investment promotion, industrial parks development – including the Adam Industrial Park – and the upgrade of technical and vocational education and training.

[Nigeria] NNPC to Commercialize its Communication Network

04-13-2017 | 10:56:00
The Nigerian National Petroleum Corporation (NNPC) will commercialise some of its critical Information Communications & Technology (ICT) infrastructure in line with its bid to re-focus the Corporation as a commercially viable entity.

Small & Medium Businesses can contribute up to 80% of jobs in an emerging economy such as Kenya - Sage regional director, East Africa

04-13-2017 | 10:46:00
The party that emerges as the winner of Kenya’s general election, to be held on 8 August, has an opportunity to supercharge job creation and economic growth by adopting policies that help Small & Medium Businesses to thrive.

[Namibia] Bank Windhoek rolls out first mobile fuel payments

04-13-2017 | 10:24:00
Leading Financial Service Provider, Bank Windhoek, has embraced mobile technology to launch the first mobile fuel payment system in Namibia.

International space project puts South Africa on the satellite industry map

04-13-2017 | 10:13:00
The South African satellite industry is taking yet another step forward as a player in the international arena with the launch of two South African built nanosatellites from Cape Canaveral in Florida within the next few days.

M-Pesa pioneer Michael Joseph joins Board of MFS Africa

04-13-2017 | 10:05:21
MFS Africa, a leading Pan-African fintech company, today announces that Michael Joseph has joined its Board of Directors as an independent Non-Executive Director.

[South Africa] The Crazy Store opens 300th store, expands to Botswana

04-13-2017 | 09:39:00
The Crazy Store, South Africa’s largest discount variety chain, has announced that it will not only open its 300th store, but will also expand its African footprint to include Botswana.

[Nigeria] Dangote Flour Mills profit soars to $30 million since reacquisition from Tiger Branded Consumer Goods of South Africa

04-13-2017 | 07:27:34
Dangote Flour Mills has posted a profit before tax of N11.82 billion for its financial year ended December 31, 2016. According to the results released on the floor of the Nigerian Stock Exchange (NSE), the company has returned to profitability after four years of losses.

Kenya in need of two million more low income homes to boost economic growth

04-13-2017 | 07:22:53
The focus section of the latest edition of the Kenya Economic Update by World Bank has been dedicated to analyzing Kenya’s housing market and the policies that can be put in place to make housing more affordable for many Kenyans, as stipulated in the Constitution of Kenya 2010 and the National Development Plan, Vision 2030 Strategy.

African Development Bank Group announces staff changes

04-13-2017 | 07:11:27
The African Development Bank Group announced today the departure of Dr. Frannie A. Léautier, its Senior Vice-President. Dr. Léautier’s decision to move on was for personal family reasons.

Bollore Transport & Logistics Cameroon to handle offshore gas project

04-13-2017 | 07:08:45
Following their nomination by the Société Nationale d’Hydrocarbures (SNH), French oil company Perenco has appointed Bolloré Transport & Logistics Cameroon for the management and logistical coordination of a gas power station expansion directly connected to a Floating Liquefied Natural Gas (FLNG) facility off the coast of Cameroon.

[Nigeria] SunTrust Bank grows profit in its first year as commercial bank

04-12-2017 | 14:20:00
SunTrust Bank Nigeria Limited has released its financial performance for the year ended December 31, 2016 with the results pointing to impressive growth one year after it was licensed to operate as a commercial bank.

[South Africa] Growing business and innovation environment will shape digital transformation, report

04-12-2017 | 14:17:00
A new report by research firm Reportlinker has detailed the trends and opportunities in the South Africa’s ICT sector with its scope touching on telecommunications,

[Tunisia]Four Seasons Hotels and Mabrouk Group to open luxury brand

04-12-2017 | 14:15:00
Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, and the Mabrouk Group, Tunisia's preeminent investment group, will be introducing a new luxury experience to Tunisia with the opening of Four Seasons Hotel Tunis in late 2017.

Kenya’s economic growth to dip to 5.5 per cent in 2017, World Bank

04-12-2017 | 13:34:00
Kenya’s GDP growth is projected to decelerate to 5.5%, a 0.5 percentage point mark down from the 2016 forecast, according to the World Bank’s Kenya Economic Update (KEU) released in Nairobi.

[Tanzania] Tigo launches first of its kind call center

04-12-2017 | 13:22:00
Tanzania’s leading Digital Lifestyle company Tigo has announced the opening of a new state of the art Call Centre, the first of its kind in the country.

[Zimbabwe] Government and WFP in five year plan to build country’s resilience and end hunger

04-12-2017 | 13:17:00
The World Food Programme (WFP), together with the Government of Zimbabwe, launched a five-year plan today to build resilience, end hunger and boost nutrition in country.

[Ghana] Cocoa farmers bet on modern purchasing model to grow income

04-12-2017 | 06:40:00
Over 25,000 cocoa farmers in Ghana have been registered with a high tech purchasing model championed by agricultural multinational Cargill that allows them to sell directly to the company therefore reaping higher market value for their produce.

[Kenya] Travel Creations adopts Travelport’s GOL platform to improve customers’ convenience

04-12-2017 | 06:36:00
Leading travel commerce platform Travelport has entered into an arrangement with Kenya’s Travel Creations that will see Travel Creations become the first travel agent in Africa to roll out ‘GOL’ an online booking tool powered by Travelport’s technology.