News

Ethiopia today officially commences work on UN Security Council

01-02-2017 | 12:20:12
Ethiopia in June last year won a ‘non permanent’ seat on the United Nations Security Council. It officially commenced the two year tenure today.


Nigeria's Buhari pledges to pursue peace in restive Niger Delta in 2017

01-02-2017 | 12:01:50
Nigeria's government will seek a lasting peace settlement with militants in the oil-producing southern Niger Delta region in 2017, President Muhammadu Buhari said in a New Year's message on Saturday.


[Zambia] Vodafone unveils ICT centre

01-02-2017 | 11:37:00
The use of information and communication technology (ICT) is considered one of the key elements to significantly improve the administration of justice. The rapid development of technology has opened up new opportunities that were unthinkable years ago.


[Nigeria] GTBank appoints Babatunde Soyoye Independent Non-Executive Director

01-02-2017 | 11:25:00
Guaranty Trust Bank Plc has appointed Mr. Babatunde T. Soyoye as an independent non-executive director to fill the vacancy created on the Board by Mr. Andrew Alli, who retired from the bank as independent non-executive director.


Djibouti ratifies Afreximbank establishment agreement, signs agreement for industrial development

01-02-2017 | 10:46:00
Djibouti has entered into an agreement with the African Export-Import Bank (Afreximbank) to collaborate in the financing and promotion of the country’s industrial base for export manufacturing and in the development of its trade-related infrastructure.


Education app, Cognition Online, goes live in South Africa

01-02-2017 | 10:29:00
Cognition Online, a new mobile app for booking and paying tutors, has gone live in South Africa to connect tutors and pupils. The app was announced as a winner in the Samsung Launching People- Mixed Talents competition.


World Bank and Egypt sign a USD1bn Loan to Support Inclusive Growth in Egypt

01-02-2017 | 10:20:59
The World Bank and Ministry of International Cooperation has signed the loan agreement for USD 1 billion for the Second Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing (DPF) for Egypt.


Edelman Signs on Chain Reactions as Exclusive Affiliate in Nigeria

01-02-2017 | 10:01:00
Edelman, a global communications marketing firm, has announced that it has signed on Chain Reactions Nigeria, one of Nigeria’s most vibrant PR firms, as its exclusive affiliate in the country following a one-year strategic partnership.


[Namibia] FNB concludes deal to acquire Pointbreak and Ebank

12-23-2016 | 12:10:00
FNB Namibia has successfully concluded a deal to acquire 100% of Pointbreak and Ebank according to Simonis Storm Securities.


[Cameroon] Eneo mulls moving operations to solar power with two 20 megawatts plants

12-23-2016 | 12:05:00
Eneo, owned by the British investment fund Actis and concessionaire of the public electricity service in Cameroon, has launched a call for expression of interest to recruit a partner who will develop two solar power plants in the northern area of the country. According to Eneo, the selected partner will have the status of independent electricity producer


Libya reopens two oil fields in exploration binge

12-23-2016 | 12:00:00
Libya’s National Oil Company (NOC) said it has reopened two oilfields this week, as it continues to recover oil production lost during the civil strife that followed the downfall of the country’s former dictator, Muammar Gaddafi, five years ago.


[Kenya] Apollo Njoroge appointed as Faulu Kenya CEO

12-23-2016 | 09:20:28
Faulu Microfinance Bank, a member of the UAP Old Mutual Group, has hired Mr. Apollo Njoroge as its CEO.


Othman Benjelloum named richest man in Morocco

12-23-2016 | 09:05:21
Moroccan billionaire Othman Benjelloun was ranked first in Morocco in Forbes’ 2016 list of the richest people in the Arab world. With a fortune estimated at more than $1.9 billion, the Moroccan businessman and investor also ranked as the 19th richest people in the Arab world


East African Community courts technology to address post harvest grain losses

12-23-2016 | 08:56:37
With about one third of the food produced on the continent lost along the value chain, East African agricultural sector stakeholders want to harness technological innovations in order to reduce post-harvest losses.


[South Africa] Liquid Telecom gets regulatory go ahead to acquire Neotel

12-22-2016 | 13:50:00
Pan African telecoms group, Liquid Telecom, has received unconditional approval from the Independent Communications Authority of South Africa (ICASA) to acquire 30 per cent stake in South African based converged communication network operator Neotel.


[Nigeria] Med View Airline commences flights to Liberia

12-22-2016 | 13:45:00
Med-View Airline, a private Nigerian aviation firm, has launched its maiden flight from Lagos, Nigeria to the Roberts International Airport (RIA), Liberia.


Uganda, Egypt agree to make River Nile a highway to Mediterranean Sea to stem import, export costs

12-22-2016 | 11:45:00
Rwanda and Egypt heads of state have agreed on a plan to make the River Nile a transportation highway to the Mediterranean Sea to reduce import-export costs.


Volkswagen to set up assembly plant in Rwanda

12-22-2016 | 11:40:00
German carmaker Volkswagen (VW) and the Government of Rwanda have are in the final details of signing an agreement that will see the former set up an assembly plant in Rwanda to start making environment-friendly cars.


[Kenya] Mombasa Port begins construction of new cruise ship terminal

12-22-2016 | 11:35:00
East Africa's biggest port of Mombasa will spend $980,000 to build a new cruise ship terminal aimed at boosting tourism, according to the port management.


Atlas Hospital and FTI Group invest $ 108 million in Morocco hospitality Industry

12-22-2016 | 11:30:00
Atlas Hospitality and FTI Group have set up a joint venture aiming at investing $108 million in the Moroccan hospitality industry.