News

Enko Capital launches Africa focused debt fund as it forays into continent

04-12-2017 | 06:34:00
UK based asset management company Enko Capital has announced the launch of Enko Africa Debt Fund (EADF), with $200m assets under management (AUM).

Kenya, Qatar sign pact on tourism cooperation

04-12-2017 | 06:30:00
Kenya and the rich Persian Gulf nation of Qatar have signed agreements of cooperation on tourism, education and culture as part of activities marking the Emir of Qatar’s State Visit to East Africa’s economic powerhouse.

Kenyan avocado farmers receive GlobalG.A.P certification

04-11-2017 | 13:53:00
More than 300 Kenyan farmers have received GlobalG.A.P. certification - opening the door to the European market - with support from the International Trade Centre (ITC).

Ethiopian Airlines signs codeshare agreement with Air Europa

04-11-2017 | 13:33:58
Africa’s largest airline group, Ethiopian Airlines has signed a codeshare agreement with Air Europa, taking effect as of April 11, 2017.

[Nigeria] Fidelity Bank grosses N152bn in 2016 financial year, proposes 14k dividend

04-11-2017 | 13:26:00
Fidelity Bank Plc grossed N152.0bn in earnings for the financial year ended December 31, 2016 and is proposing to pay a dividend of 14kobo per share to shareholders.

UNIC Insurance relists as UNIC Diversified Holdings on Nigeria Stock Exchange

04-11-2017 | 12:36:46
UNIC Insurance Plc was yesterday delisted and replaced by UNIC Diversified Holdings (UDH) Plc at the Nigerian Stock Exchange as the insurance company completed its transformation into a financial services holding group.

[South Africa] Entersekt recognized by Banker Africa for work in fintech space

04-11-2017 | 12:13:00
South African fintech company, Entersekt has won Best Mobile Security Technology in the 2017 Banker Africa Southern Africa Banking Awards.

[Morocco] Maroc Telecom Launches Innovative “Smart Days” Cycle Meetings

04-11-2017 | 11:56:00
Maroc Telecom has just launched its new cycle meeting, “Smart Days.” This is an exchange and debate platform organized around different themes related to digital transformation.

Egyptian billionaire, Naguib Sawiris, launches new bank in Europe

04-11-2017 | 11:33:00
Egyptian billionaire businessman and the Chairman of Orascom Telecom, Media and Technology, Naguib Sawiris, has launched a new bank that operates in several European countries.

Nigeria's Oil Refining Capacity Increases by 29%

04-11-2017 | 10:58:30
The combined installed capacity utilization of the Nigerian National Petroleum Corporation’s refineries located in Port Harcourt, Warri and Kaduna increased by about 29 percentage points in January 2017 compared with their performance in December 2016.

UBA Nigeria approves N19.9b final dividend for year ended 2016

04-11-2017 | 10:24:00
The shareholders of the pan-African financial institution, the United Bank for Africa applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos on Friday April, 7, 2017.

[Nigeria] Africa Finance Corporation issues $500m 7 Year Eurobond

04-11-2017 | 09:55:00
Africa Finance Corporation, a pan-African multilateral development finance institution and project developer, has issued a US$500 million 7 year Eurobond.

Fastest growing region in Africa suffering from slow pace of structural transformation, ECA survey

04-11-2017 | 08:05:10
Despite being the fastest growing sub-region of the continent with an economic growth rate of 6.7 per cent, second in the world to East Asia, East Africa is lagging behind in terms of its structural transformation.

[Kenya] Thiagarajan Ramamurthy named new Bidco Africa CEO

04-11-2017 | 07:46:00
Days after exiting retail group Nakumatt Holdings, Thiagarajan Ramamurthy has been named the new chief executive of consumer goods producer Bidco Africa.

$13 million fund targets 15,000 Nigeria and Tanzania youth with agrifood employment

04-11-2017 | 07:41:00
A five-year, $13 million collaboration between Michigan State University and The MasterCard Foundation will help 15,000 young people access employment and entrepreneurship opportunities in the fast-growing horticulture, aquaculture, poultry, cassava and oilseed sectors in Tanzania and Nigeria.

Private equity a bright light in Africa's economic future, research

04-11-2017 | 07:27:00
New research shows private equity activity in Africa will inject Billions of US dollars or sustainable investment over the next five years. Private equity deals in Africa are growing from a low base equivalent to 0.18% of Africa's GDP in 2016.

Social Media Report Reveals Radio Stations’ Dominant Influence on Facebook and Twitter

04-10-2017 | 15:02:00
In a bid to enhance the work of the media using technology in Africa, Penplusbytes has released its latest social media ratings on Ghana’s Radio, Television and Print media

Social Media Report Reveals Radio Stations’ Dominant Influence on Facebook and Twitter

04-10-2017 | 14:57:00
In a bid to enhance the work of the media using technology in Africa, Penplusbytes has released its latest social media ratings on Ghana’s Radio, Television and Print media

[Kenya] Nakumatt in management shake up

04-10-2017 | 14:30:12
Long serving regional operations and strategy director of Nakumatt Supermarket Thiagarajan Ramamurthy has left the retailer, as the company announced a major executive reshuffle.

Italian investors to explore investment opportunities in Zambia

04-10-2017 | 14:29:39
Italian Deputy Minister of Foreign Affairs and International Cooperation Mr, Mario Giro with a team of NGOs and Investors are expected in Zambia in September, 2017 to come and explore investment opportunities in the country.