News

[Tunisia] Packaged food market on an upward growth trajectory, Orbis Research

03-16-2017 | 11:00:00
Despite being impacted by the weak economy, packaged food recorded value sales growth of 8% in 2016, increasing only marginally compared with the previous year. Most packaged food categories in Tunisia recorded healthy growth rates in 2016.

Ethiopia inaugurates integrated agro-industrial park with eye on 134,000 jobs

03-16-2017 | 05:36:00
Ethiopia has inaugurated the third integrated agro-industrial park (IAIP) being developed within the framework of the Programme for Country Partnership (PCP) for Ethiopia, a flagship programme of the United Nations Industrial Development Organization (UNIDO).

African telcos to prioritize emerging opportunities in order to stay afloat, International Data Corporation

03-16-2017 | 05:34:00
Telcos across Africa are increasingly focusing on effectively maximizing their return on investment from data and on monetizing emerging opportunities such as the Internet of Things (IoT) to remain competitive and afloat, according to George Kalebaila, research director for telecommunications, media, and IoT at International Data Corporation (IDC).

[Nigeria] Mastercard partners with Mobile Money Africa to host the Cashless Africa Conference

03-16-2017 | 05:32:00
Digital payment solutions provider, Mastercard has been unveiled as the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo The event is organised by Mobile Money Africa and is scheduled for 22 to 23 March, at the Oriental Hotel, Lekki in Lagos, Nigeria.

South Africa food preparation appliances industry soars, Orbis Research

03-16-2017 | 05:30:00
Food preparation appliances grew by 3 per cent in retail volume terms in 2016, with mixers continuing to be the largest category.

Government reviving Kenya National Shipping Line to tap $3 billion potential

03-15-2017 | 14:02:00
The Government has announced plans to revive the Kenya National Shipping Line that has the potential to contribute $3 billion into the country’s economy annually.

[Egypt] Infor acquires Accentia to grow regional footprint

03-15-2017 | 14:00:00
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud,has announced the acquisition of Accentia Middle East, an Infor partner serving the Middle East, North Africa, and India (IMEA) region.

[Sierra Leone] IFC in drive to encourage more women in management and boardroom positions

03-15-2017 | 10:04:00
IFC, a member of the World Bank Group, is helping women in Sierra Leone take their place in senior management and boardroom positions as part of its strategy to promote gender diversity and inclusion, and strengthen the country’s economy.

[Kenya] Safaricom in country wide fibre roll out targeting SMEs

03-15-2017 | 10:02:00
Listed telecommunication company Safaricom has announced the availability of high-speed internet services in Thika Town, in Central Kenya as it moves to progress its country-wide fibre rollout targeting Small and Medium-sized Enterprises (SMEs) in the region.

[Kenya] General Motors in deal with Cooperative bank to finance MSMEs in motor industry

03-15-2017 | 10:00:00
General Motors EA has inked an asset finance partnership with tier two lender Cooperative Bank which paves way for the bank’s MSME clients getting a 95 per cent financing on Isuzu vehicles.

Dele Babade retained as advisor to Carlyle’s Sub-Saharan African Fund Global alternative asset manager

03-15-2017 | 06:05:28
The Carlyle Group has announced that Dele Babade has been retained as an Advisor to Carlyle’s Sub-Saharan African Fund (CSSAF), effective immediately.

Johnson & Johnson opens regional offices in Ghana and Kenya

03-15-2017 | 05:50:33
American pharmaceutical and consumer packaged goods manufacturer has set up shop in Nairobi Kenya and Accra Ghana representing a novel approach to how Johnson & Johnson seeks to develop partnerships, products and service delivery models that address neglected and emerging health issues.

[South Africa] Vodacom's network commands market lead, Speedtest results by Ookla

03-15-2017 | 05:43:43
Vodacom continues to shoot the lights out. The latest national and regional results from Speedtest by Ookla show that the company has the best overall network performance among all mobile network providers in South Africa.

Africa pet nutraceuticals market on high growth trajectory

03-15-2017 | 05:39:46
The total Africa Pet Nutraceuticals market is valued at over $291.2 million with the value expected to rise tremendously by the year 2020.

[Somaliland] Africa Water Facility sinks $3.2 million to build climate change resilience and reduce water stress

03-15-2017 | 05:32:05
The African Water Facility (AWF) has held a launching ceremony and workshop to officially kick-start the Water Resources Management and Investment Plan project for Somaliland.

[Ethiopia] Circum Minerals gets 20 year mining license for potassium project

03-14-2017 | 12:40:59
Circum Minerals Ltd has been awarded a mining license for the World Class, Danakil Potash Project (located in the Danakil region of northeastern Ethiopia.

Five African cities remain in top 100 rankings in quality of living , Mercer ranking

03-14-2017 | 12:33:00
Despite increased political and financial volatility in South Africa, its cities fell within the top 100 of the world’s highest quality of living and remain attractive destinations for expanding business operations and sending expatriates on assignment, according to Mercer’s 19th annual Quality of Living survey.

[Tanzania] Precision Air resumes flights to Uganda

03-14-2017 | 09:20:00
Tanzania’s privately-owned airline Precision Air Services Plc on Tuesday announced to relaunch flights to Uganda through Entebbe International Airport.

Africa tablet market declining in line with global trend, International Data Corporation

03-14-2017 | 09:17:00
The Middle East and Africa (MEA) tablet market declined 24.2% year on year in the final quarter of 2016 to total 3.07 million units, according to the latest figures announced by International Data Corporation (IDC).

IFC and CDC invest $35 million to support Kenya’s economy through modern warehousing development

03-14-2017 | 09:15:00
International Finance Corporation, and CDC Group, the UK’s development finance institution, will invest up to $35 million in Africa Logistics Properties Holding (ALP), a developer and manager of modern, grade-A warehousing, filling an important gap in logistics infrastructure in the region.