News

[Nigeria] The Estée Lauder Companies partners with Jumia to launch three new brands

02-15-2017 | 09:36:56
The Estée Lauder Companies has partnered with Jumia the leading online retailer in Nigeria to launch for the first time three of the Company’s brands – Clinique, Estée Lauder and Aramis.

Drought pushing food prices up in East Africa, FAO

02-15-2017 | 06:13:00
Drought throughout East Africa has sharply curbed harvests and pushed the prices of cereals and other staple foods to unusually high levels, posing a heavy burden to households and special risks for pastoralists in the region.

Federal Mogul steps up Kenyan presence with 25 per cent budget allocation

02-15-2017 | 06:06:46
Leading global Motorparts manufacturer Federal-Mogul Corporation has stepped up its efforts to expand its reach in Kenya, with an eye on the East Africa market.

South African Airways flies Airbus on Washington, DC route

02-15-2017 | 06:00:57
South African Airways (SAA) has introduced its new Airbus A330-300 wide-body aircraft on the three-times weekly route between Washington, DC Dulles International Airport and Johannesburg O.R. Tambo International Airport via Dakar, Senega

Egypt spearheads project connecting 10 African countries via Nile Shipping Line

02-15-2017 | 05:52:36
By 2024, a 4,000 kilometers waterway will connect 10 African countries, stretching between Lake Victoria and the Mediterranean Sea. An Egypt-led project, the navigational shipping line is to be established along the Nile River for small and medium-size commercial vessels to boost bilateral trade.

[Nigeria] NNPC Announces Measures to Sustain Products Supply Nationwide

02-14-2017 | 15:18:00
The Nigerian National Petroleum Corporation has announced elaborate measures to sustain supply of Premium Motor Spirit, (petrol), Automotive Gas Oil, diesel, and Dual Purpose Kerosene, DPK, otherwise called kerosene, nationwide.

Norfund, FMO and Rabobank acquire 27.7% stake in CAL Bank Ghana

02-14-2017 | 15:00:00
The recent acquisition of a 27.7 % stake in CAL Bank in Ghana by newly formed investment company, Arise, is set to boost the banking sector in the country.

[Togo] IFC invests $2 million in West African Development Bank to spur affordable housing

02-14-2017 | 14:23:09
IFC, a member of the World Bank Group, has announced a financing agreement with the West African Economic and Monetary Union’s Caisse Régionale de Refinancement Hypothécaire,

Kenya receives $250 million from World Bank to fund climate smart agriculture

02-14-2017 | 14:19:20
The World Bank has approved financing of a $250 million smart agriculture project in Kenya that will run for five years.

[Egypt] Afreximbank and Ecobank in a $500 million partnership to finance trade among member states

02-14-2017 | 13:47:02
The African Export-Import Bank (Afreximbank) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group have signed a memorandum of understanding (MOU) to promote joint corporate objectives

[Nigeria] Minister of Science and Technology visits Nestlé Factory

02-14-2017 | 11:32:00
Today, the Honorable Minister of Science and Technology of the Federal Republic of Nigeria, Dr. Ogbonnaya Onu paid an official visit to Nestlé’s state of the art Flowergate Factory located in Shagamu, Ogun State.

Mastercard commits to financially including over 150,000 Kenyan merchants with Masterpass QR

02-14-2017 | 11:20:00
Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR.

[Kenya] Taxi hailing app Little set to launch mobile SACCO for its 4000 drivers

02-14-2017 | 10:15:00
The management of Safaricom-backed taxi hailing app Little is set to launch a mobile-based Savings and Credit Co-operative Society (Sacco) for its drivers.

[Nigeria] Access Bank’s sale of SIPML may boost Q1 profits by N1.14 bn

02-14-2017 | 10:00:00
Access Bank may receive up to N1.14 billion in onetime gains in the first quarter of 2017, from the sale of its investment in Stanbic IBTC Pension Managers (SIPML).

[Botswana] Sechaba board changes end of financial year from March to December

02-14-2017 | 09:57:41
Sechaba board of directors has resolved to change the company’s financial year end from March 31st to 31st December, the company has disclosed.

[Kenya] Boutique African Data Collection Agency, Bamba, raises $1.1m in First Seed Round

02-14-2017 | 09:52:00
African data collection startup Bamba has announced today that it has closed its first seed investment round after raising US$1.1 million (Kes. 110 million) in investment funds, making it one of the largest and most successful seed rounds completed by an East African startup.

MTN Ghana pays GH¢34m as interest on mobile money

02-14-2017 | 09:24:00
MTN Ghana has paid GH¢34million as interest to about eight million mobile subscribers and 58,000 agents in the first quarter of 2016.

[Kenya] Safaricom Spark Fund invests in FarmDrive startup

02-14-2017 | 05:38:39
Safaricom Spark Venture Fund has today announced its investment in FarmDrive, a data analytics startup that connects small-scale farmers to financial services.

[Ghana] Adidas partners with Nutmeg Limited to launch online shopping platform

02-14-2017 | 05:31:25
Adidas in partnership with its official retail partner in Ghana, Nutmeg limited, announced the launch of an e-commerce platform to encourage online shopping of its products in Ghana.

[Kenya] East Africa Private Equity and Venture Capital Association announces new appointments

02-14-2017 | 05:28:14
East Africa Private Equity and Venture Capital Association has appointed Eva Warigia and Esther Ndeti the co-executive directors to run the lobby.