News

Swaziland and FAO sign $19 million five year country programming framework

05-22-2017 | 10:24:00
Food and Agriculture Organization of the United Nations (FAO) and the Kingdom of Swaziland have signed a five-year $19 million Country Programming Framework (CPF).

Afreximbank's financing to Nigeria tops $35 billion

05-19-2017 | 16:53:40
The African Export-Import Bank (Afreximbank) has disbursed more than $35 billion in trade and project financing to Nigerian public and private entities since its inception to support the country's economic and trade growth, Bank President Dr. Benedict Oramah has said.

Ethiopia consumer inflation edging upwards, index

05-19-2017 | 16:50:32
Latest figures from Ethiopia Central Statistical Agency’s inflation report showed that year-on-year inflation rose to 8.6% in April 2017 from 8.5% in March 2017. On a month-on-month basis overall CPI however came down from 2.0% in March to 1.6% in April 2017.

Microsoft to deliver cloud to data centers across Africa in digital transformation drive

05-19-2017 | 16:39:09
Microsoft has revealed plans to deliver the complete, intelligent Microsoft Cloud for the first time from datacentres located in Africa.

Orange expands foothold in Africa with new Liberia brand

05-19-2017 | 12:47:00
Orange, one of the world’s leading telecommunications operators, has announced the launch of its brand in Liberia. Cellcom Liberia now becomes Orange Liberia.

Efacec Power Solutions to build three electricity substations in Rwanda

05-19-2017 | 12:43:00
Efacec has been chosen by the winning consortium of the international tender launched by the Republic of Rwanda for the construction of three new 200kV substations. These infrastructures are essential to distribute power to the country’s rural areas, such as Rwabusoro, Mamba e Rilima.

Algeria industries record mixed performance

05-19-2017 | 12:21:21
Algeria National Office of Statistics said that the country’s industrial production increased by 0.8% in 2016 quarter four from 0.6% the same quarter a year ago. Statistics showed that the average rate of 1.3% for 2016 is slightly lower than the average 2015 rate of 1.8%.

Mantrac Kenya hosts Caterpillar Group President Rob Charter

05-19-2017 | 10:00:00
Sole authorized dealer for Caterpillar products in Kenya, Mantrac Kenya Limited yesterday hosted one ofthe Group Presidents of Caterpillar, Rob Charter, who was in the country in a bid to further cement the business in the market.

General Electric opens new offices in Ethiopia

05-19-2017 | 09:33:09
General Electric, the world’s leading digital industrial company consolidated its footprint in Africa with the official opening of GE Ethiopia new offices in Addis Ababa.

Power Africa launches new initiative at African Utility Week

05-19-2017 | 09:12:00
Power Africa announced the launch of its Southern African Energy Program this week in Cape Town, South Africa. This announcement came as representatives from Power Africa, a U.S. government-led initiative, and the U.S. Mission in South Africa participated in African Utility Week and the Gas to Power World Congress.

Visa requirements for employees taking up work in key African jurisdictions

05-19-2017 | 09:06:00
Given the growth in Africa, employers are regularly seconding their employees to businesses in other jurisdictions. Each country has different visa requirements for employees who wish to work in those jurisdictions.

[Kenya] Social media propels Khaligraph to international stardom

05-19-2017 | 08:45:00
CNN’s ‘African Voices’, programme interviews Kenya’s rapper Khaligraph accompanying him to learn more about his influences, which include a mixture of western rap and his Kenyan upbringing.

[Kenya] KAM launches women in manufacturing programme

05-18-2017 | 15:36:00
Kenya Association of Manufacturers has launched the first ever Women in Manufacturing Programme in Kenya. This is a mentorship and networking platform aimed at increasing the participation of women in the manufacturing sector as part of the drive to industrialize for a stable and sustainable economic future for Kenya.

World Bank doubles financing for Togo under four-year partnership arrangement

05-18-2017 | 15:34:00
The Board of the World Bank Group has discussed a new Country Partnership Framework (CPF) for Togo covering the period from July 2016 to June 2020. The CPF presents the World Bank Group’s proposed strategy over the four-year period, including interventions to help the country pave the way to more inclusive and sustainable growth led by a more dynamic private sector and more effective government policies, public investments and services

[Ghana] Tigo Business targets SMEs and public sector with image campaign

05-18-2017 | 15:30:00
Tigo Business, the enterprise arm of CIMG Telecom Brand of the Year, Tigo, is launching its first image campaign and it is doing it ambitiously.

Standard Chartered’s video banking service goes live in Kenya

05-18-2017 | 10:50:00
Standard Chartered Bank has unveiled Video and Chat Banking service in Kenya following the successful roll-out of the service in Asia. The service allows clients to connect with banking agents via a secure video connection – or through chat or audio channels. Following the launch, the service is now available to more than five million clients across Africa, Asia and the Middle East.

New $350 million program unleashes opportunities for financial sector growth in Morocco

05-18-2017 | 10:47:00
The World Bank has unveiled a $350 million program to support wide-ranging reforms of financial intermediation in Morocco. The operation supports new sources of financing for small and medium enterprises (SMEs) while improving the regulatory oversight of the banking sector.

Vodacom launches first NarrowBand IoT network in Africa

05-18-2017 | 10:45:00
Vodacom, in partnership with Huawei, have successfully completed the launch of Africa’s first live NarrowBand IoT (NB-IoT) site which is fully compliant with the standardised 3rd Generation Partnership Project(3GPP) NB-IoT specifications.

[Gambia] Fly Mid Africa launches flights to five new destinations

05-18-2017 | 07:55:37
Gambia's national carrier, Fly Mid Africa, has announced that it will commence its services from Banjul, the Gambian capital with onward connections to Dakar in Senegal, Freetown in Sierra Leone, Accra in Ghana and Lagos, Nigeria.

IFC, Google, Convergence Partners, Mitsui Invest in CSquared to Improve broadband in Africa

05-18-2017 | 07:49:17
International Finance Corporation, a member of the World Bank Group, Google Inc., Convergence Partners, and Mitsui & Co. have agreed to invest up to $100 million in CSquared, a partnership focused on deploying wholesale, carrier-neutral, open-access fiber optic networks across Sub-Saharan Africa.