News

World Bank Group announces record $57 Billion for Sub Saharan Africa

03-20-2017 | 12:01:23
Following a meeting with G20 finance ministers and central bank governors, World Bank Group President Jim Yong Kim today announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years.

Business SIM management launched in Namibia

03-20-2017 | 11:09:24
Flickswitch, African SIM management solutions company has launched its business SIM management service in Namibia. This follows its recent launch in Kenya and is part of the company’s pan-African expansion strategy.

[Kenya] More banks given go-ahead to roll out mobile cash

03-20-2017 | 10:55:16
The number of commercial banks approved by the Central Bank of Kenya to operate interbank mobile money transfer platform, PesaLink, has doubled to 24 from 12.

[Nigeria] AFC invests US$25 million in Egypt's Carbon Holdings

03-20-2017 | 09:32:06
Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced it is to invest US$25 million in Egyptian petrochemicals company Carbon Holdings Ltd.

Teraco raises R1.2 billion in debt funding for further investment into South African data centres

03-20-2017 | 09:18:00
South Africa Teraco, Africa's largest carrier & cloud neutral colocation data centre and home to NAPAfrica, Africa’s largest Internet exchange point (IXP), has announced that it has raised a medium term funding facility from Absa amounting to R1.2 billion.

Garmin and MTN Nigeria partner to introduce a range of world class health and fitness devices

03-20-2017 | 09:12:41
Garmin in collaboration with MTN Nigeria partner to introduce a range of world class health and fitness devices to help boost fitness standards while maintaining a healthy lifestyle.

Nigerian Government commends Dangote Cement self-sufficiency feat

03-20-2017 | 09:00:00
The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote Cement which spearheaded the backward integration policy introduced by the government.

[South Africa] CNH Industrial inaugurates new TechPro2 youth training program

03-20-2017 | 08:27:17
TechPro2, the youth training initiative promoted globally by CNH Industrial (NYSE: CNHI /MI: CNHI), sees its latest installment launch in Johannesburg, South Africa.

[Nigeria] NNPC Moves to Recover N11bn Missing Petrol from Capital Oil

03-20-2017 | 08:24:00
The Nigerian National Petroleum Corporation (NNPC) on Friday announced measures to achieve full recovery of over 130 million litres of Premium Motor Spirit (PMS), also known as petrol, stored in the facilities of two indigenous downstream operators, MRS Limited and Capital Oil & Gas Limited.

Graça Machel Trust launches movement to elevate women's leadership in African development

03-20-2017 | 08:22:00
The Graça Machel Trust (GMT) announced today the launch a Pan-African initiative to 'Multiply the Faces and Amplify the Voices' of African women as a force for economic and social transformation.

30,000 Senegalese youth to receive work readiness skills training

03-20-2017 | 08:15:00
Education Development Center (EDC) and The MasterCard Foundation are set to announce a $15M, five-year project that will help more than 30,000 Senegalese youth develop the skills they need to secure jobs or start a business.

[Kenya] Nairobi among leading African destinations on the Fortune 500 list, Infomineo report

03-17-2017 | 09:19:21
The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 countries, according to a new report released by Infomineo, a global business research company specialising in Africa and the Middle East.

[South Africa] Baker McKenzie legal expertise recognized in Chambers Global 2017

03-17-2017 | 09:15:46
Ten lawyers from Baker McKenzie South Africa and nine of its practice areas have been recognised by international legal research organisation, Chambers & Partners in its 2017 Chambers Global Guide. These results reflect the firm’s exceptional standard of legal expertise across key sectors in Africa.

Orange launches its brand in Burkina Faso strengthening West African foothold

03-17-2017 | 06:00:00
Orange, one of the world’s leading telecommunications operators, has announced the launch of its brand in Burkina Faso. Less than one year after the closing of the Group’s acquisition of Airtel, together with Orange Côte d’Ivoire, this announcement clearly demonstrates Orange’s ambitions for the West African market.

European Union and UNIDO to foster employment opportunities and economic growth in Sudan

03-17-2017 | 05:57:00
Ambassador Jean-Michel Dumond, Head of Delegation of the European Union to Sudan (EU) and Khaled El Mekwad, Representative of the United Nations Industrial Development Organization (UNIDO), have signed an agreement to implement a project to foster employment opportunities and economic growth in Sudan.

Bowmans advises on one of the first significant financing by a private equity credit fund in sub Saharan Africa

03-17-2017 | 05:51:03
Pan-African law firm Bowmans recently advised Helios Credit Partners on a landmark transaction representing one of the first significant financing by a private credit fund in sub-Saharan Africa. The transaction was one of the largest debt financing secured by a Namibian company in the private sector.

Analysis of key sectors of Egypt: Business opportunities and trends

03-17-2017 | 05:47:04
Egypt is one of the fastest growing and most promising economy in Africa. Egypt's high growth rate in recent years was driven by high international tourist inflow, growth in trade & logistics and ICT market. Egypt GDP is growing at a moderate rate of 4.3% in 2015.

Africa and Middle East security screening market by product, application, geography and forecast by 2022

03-16-2017 | 12:12:20
Orbis Research added report on "South Africa Virtual Desktop Infrastructure Market By Implementation Model (Hosted Shared Desktop, Hosted Virtual Desktop), Trends, Forecast (2017-2022)"

[Kenya] Commercial Bank of Africa unveils first of its kind mobile based banking solution

03-16-2017 | 11:04:00
Commercial Bank of Africa has announced the launch of a new digital banking solution based on a mobile app named Loop, making it the first of its kind in Kenya and in the region.

[South Africa] Telkom and Business Connexion launch BCX, Africa’s premier end-to-end ICT solutions provider

03-16-2017 | 11:02:00
Organisations that do not embrace digitalisation and transform accordingly, run the risk of becoming redundant to their customers. In light of this, Telkom and Business Connexion have announced the launch of BCX, Africa’s premier end-to-end information communication technology (ICT) solutions provider.