News

Global economic uncertainty and political upheaval take toll on African capital markets, PwC report

02-16-2017 | 12:39:51
2016 marked a challenging year for African equity markets in the wake of lower economic growth and political upheaval around the globe, largely as a result of the US elections cycle and the Brexit vote.

[Nigeria] The Style Group Innovates via modern social media commerce

02-16-2017 | 12:21:00
The Style Group, a contemporary lifestyle retail group in Nigeria, is leapfrogging the brick-and-mortar sales of fashion, accessories and design services and instead focuses on offering them via modern social media commerce.

Nigerian develops app dedicated to African and Caribbean Food in The UK

02-16-2017 | 11:45:00
Vivian Ngwodo is part of a new generation of women, particularly women of African descent, who are using technology to take ownership of the entrepreneurial landscape.

Djibouti adopts what3words as national postal addressing system

02-16-2017 | 10:51:49
what3words, the award winning addressing system, has been adopted as an addressing standard by La Poste Djibouti. Located in the Horn of Africa Republic of Djibouti is the fifth country in the world to accept 3 word addresses to improve its national infrastructure.

[Nigeria] Africa Finance Corporation launches CSR program with AFC clean water campaign

02-16-2017 | 10:21:00
The Africa Finance Corporation (AFC) has formally launched its Corporate Social Responsibility (CSR) Program: AFC Clean Water Campaign.

[Ghana] Over 5,000 jobs to be created from construction of $1.5 billion Tema port project

02-16-2017 | 10:20:00
Construction work has begun on the new $1.5billion container terminal at the Port of Tema in Ghana at the start of January. The terminal will directly create 5,000 jobs.

[Kenya] Diani Reef Resort &Spa unveils pay plan with eyes on domestic tourists

02-16-2017 | 10:17:00
Diani Reef Resort &Spa has launched a model that will allow holiday-makers save for their vacations. Under the model, ‘Easy Pay Plan’, domestic tourists will be able to choose what package suits them and pay in installments through bank transfers and mobile payment platforms.

[Botswana] Government starts plans to privatize loss making Air Botswana

02-16-2017 | 10:15:00
The Botswana government has begun the process of privatizing loss-making national carrier Air Botswana.

[South Africa] Internet Solutions and Accuris Networks introduce pan-African Wi-Fi network

02-16-2017 | 10:06:00
Internet Solutions (IS), and Dublin-based Accuris Networks Limited, have partnered to introduce a seamless continent-wide Wi-Fi network to global carriers, multinational companies and local Internet Service Providers.

Facebook challenges developers in the Middle East and Africa to create the smartest Bots for Messenger

02-16-2017 | 09:57:48
Facebook is challenging developers across the Middle East and Africa to create innovative bots in the Bots for Messenger Developer Challenge.

Afreximbank pledges financial and advisory support for Sao Tomé’s blue economy

02-16-2017 | 09:41:09
The African Export-Import Bank (Afreximbank) is committed to providing financial and advisory support to assist Sao Tomé and Principe achieve its structural transformation which focuses on expanding and diversifying its blue economy.

[Nigeria] Dangote, Rice Farmers, Sokoto Government sign Rice Growers Scheme Agreement

02-16-2017 | 09:36:00
A tripartite agreement spearheaded by the Dangote Rice Limited to create jobs for 16,000 outgrower rice farmers in Sokoto was yesterday signed.

[Kenya] Tourism Finance Corporation makes management appointments

02-16-2017 | 06:40:00
The Tourism Finance Corporation (TFC) has appointed six new managers. The agency is seeking to fill positions in legal, procurement, finance, public relations and communications as well as audit departments.

[Ghana] Airtel partners with Jaarno to unveil online marketplace for homegrown foodstuff

02-16-2017 | 06:32:00
Telecommunication company Airtel, has partnered with premier digital foodstuff marketing and distribution company, Jaarno to offer Airtel’s high value customers the convenience of shopping for locally grown food items online at a discount.

[Sierra Leone ] Government starts extension of Bo-Kenena electricity distribution system set to benefit 37,000 households

02-16-2017 | 06:30:00
The Government of Sierra Leone, with financial support from the African Development Bank (AfDB) and UK Aid, also known as Department for International Development (DfID) has launched on Mondayvthe rehabilitation and extension of the Bo-Kenema Electricity Distribution System in Sierra Leone.

[Kenya] Thomas Hintze appointed Wananchi Group CEO

02-15-2017 | 16:08:57
Wananchi Group Kenya Limited has announced the appointment of Mr Thomas Hintze as its new Group Chief Executive Officer.

[Kenya] Imperial Holdings acquires 70 per cent stake in Surgipharm for $35 million

02-15-2017 | 16:08:00
Listed South African transport and logistics company Imperial Holdings has acquired 70 per cent stake in Kenya based Surgipharm company in a deal estimated at $35 million. The transaction is subject to regulatory approvals.

[Ivory Coast] AfDB commits $3.50 million to IGAD regional infrastructure master plan

02-15-2017 | 13:25:52
The eight-nation Intergovernmental Agency on Development (IGAD) has secured a $3.50-million grant from the African Development Fund (ADF), the concessional window of the African Development Bank Group, to finance the agency’s Infrastructure Master Plan (IRIMP).

[South Africa] National Empowerment Fund to be incorporated into Industrial Development Corporation to guarantee funding for black entrepreneurs

02-15-2017 | 13:21:11
In a landmark breakthrough for South Africa’s quest for inclusive growth and radical economic transformation, the Ministers of Trade and Industry and of Economic Development announced in Cape Town that the National Empowerment Fund (NEF) will become a wholly-owned subsidiary of the Industrial Development Corporation (IDC) in order to meet the considerable demand for funding by black entrepreneurs.

[Kenya] Madison Group launches savings scheme for higher education

02-15-2017 | 09:51:04
Madison Group has unveiled Madison UniPlan, a savings scheme for financing university and college education.