UAE’s carrier Emirates has stated that it is introducing a third daily flight between Dubai and Kenya’s capital from 1 June 2017.
Ghana and Morocco are in talks to harmonize operations in the two countries’ stock markets allowing easier trading.
World Trademark Review 1000 – The World's Leading Trademark Professionals has awarded a gold ranking to the Intellectual Property (IP) team at Bowmans in Kenya for the fifth consecutive year.
Tanzania says it is set to build the fifth international airport in its capital Dodoma.
[Angola] The Integrated Centre for Technological Training to bridge unemployment gap with technical training programme
The Integrated Centre for Technological Training (Cinfotec) plans to train and certify over 3500 Angolans on technical skills as it seeks to bridge the unemployment gap.
Zimbabwe’s taxman, the Zimbabwe Revenue Authority (Zimra) is in the final stages of rolling out an electronic cargo tracking system, which is designed to monitor trucks transiting through Zimbabwe, as authorities heighten efforts to prevent dumping of foreign goods on the local market.
Bank of Ghana has announced that it will unveil new bank notes in five cedi denominations from March as the regulator celebrates its 60th anniversary.
French-made high-speed train, better known as TGV has made its way to Morocco at the Port Tangier Med..
The World Bank has projected that the economic growth of most countries in the Central African Economic and Monetary Community (CEMAC) will slightly accelerate from 2017 to 2019, based on its latest economic perspectives.
Commercial airline Proflight Zambia has announced it is launching four new domestic routes this year as it seeks to grow its revenue and tap into the growing demand for more routes by a burgeoning business and tourism clientele
Nevine Kashmiri appointed United Bank of Egypt's assistant Managing Director of funding large enterprises, SMEs
The board of United Bank of Egypt has appointed Nevine Kashmiri as the assistant to the managing director of the department for funding large, and small- and medium-sized enterprises (SMEs).
Burundi has started construction of a 7.5 Megawatt solar field that will add 15 per cent powerto the country’s generation capacity. The project is being chaperoned by Gigawatt Global having invested $14 million to the entire project.
The Uganda Refinery Holding Company Limited (URHC) has appointed its first general manager Dr. Michael Nkambo Mugerwa.
Taxation is perhaps one of the most frowned at concepts in small businesses, with the reasons being many and varied. To start with, it is perhaps one of the least understood concepts in modern Kenya and Africa,
Kenya’s national carrier Kenya Airways has started exporting cut flowers to Australia as it looks to diversify its revenue streams.
Djibouti has launched the construction of what has been billed as Africa's largest free trade zone, to be built in the tiny Horn of African nation with Chinese backing.
NAEEM Shares & Bonds brokerage has announced that it has joined Nasdaq Dubai’s equity futures platform as a member, in a move aiming to connect its Emirati, Egyptian, and international clients to the fast-growing market.
Jeffery Wilson is a Kenyan fashion entrepreneur who has built a name and business around bringing like minded entrepreneurs to celebrate the art of couture through his JW Fashion show.
PwC’s 20th annual survey of CEOs worldwide shows rise in confidence despite new risks and uncertainty
Just over one-third (33%) of South African CEOs are very confident of their company’s own growth in the next 12 months, 4 points down on last year, and 5 points below this year’s global average (38%).
Ghana is a country that does not have a coherent policy for education infrastructure. At the same time, rising rates of mobile phone use among the population make this country ripe for an m-learning revolution.
South African fintech company, Entersekt, has expanded its worldwide operations and secured contracts with major banks across several continents.
Semtech Corporation, a leading supplier of analog and mixed-signal semiconductors, today announced that its LoRa® devices and Wireless RF Technology are protecting endangered black rhinoceroses at the Mkomazi National Park.
Kenya’s capital Nairobi has been ranked the top most dynamic city in Africa and tenth in the world beating major cities including Los Angeles, Sydney, Dubai and New York, according to the JLL 2017 City Momentum Index.
The Center for Middle Eastern Studies at Harvard University has opened its first overseas office, in Tunisia, home to a tradition of learning and research that extends from Antiquity to the present.
The AfroChampions Initiative, an innovative project designed to promote African private sector champions, and its partners have honoured on that occasion Founder of Ecobank and Asky Airlines Gervais Koffi Djondo. Mr. Djondo received a special lifetime award for his remarkable contribution to economic exchanges within the continent.
Germany and Africa seek to strengthen trade and investment ties at inaugural Business Forum
The Pan African Ban, ,Ecobank, has launched its new ‘Move On Up ‘consumer campaign that will enable customers to do banking transactions electronically, using mobile phones, internet,ATMS and point of sales(POSs) across the country and beyond.
Middle Eastern and North African streaming and Video on Demand platform Icflix has partnered with Orange Tunisia to offer the latter customers’ access to its content’s library as it seeks entry to the North African country.
Four phosphate processing projects have been recently approved by the government as part of encouraging processing industry, according to the Minister of Industry and Mines Abdessalem Bouchouareb.
Approximately 33 per cent of CEOs in South Africa, representing a third of the country’s top business chiefs have expressed confidence of their company’s own growth in the next 12 months, 4 points down on last year, and 5 points below this year’s global average
Ethiopia’s national carrier Ethiopian Airlines has announced that it will start flying to seven destinations in the next five months as it seeks to solidify its presence in Africa and globally.
One of Morocco’s leading commercial banks, BMCE bank has been ordered to pay up to $90 million in taxes for the financial years covering 2012-2015 in what is attributed to engaging in acts of tax evasion
South Sudan President Salva Kiir has appointed former foreign exchange director Othom Rago Ajak to head the Bank of South Sudan, replacing Kornelio Koryom Marik.
Listed hospitality company Sunbird Tourism Limited has entered into a 10-year contract with African Parks Malawi for Thawale Tented Lodge and Mwembezi Restaurant in Majete Wildlife Reserve in Chikwawa.
Close to 10,000 jobs are set to be created following the three year construction of the crude oil pipeline that will run from Western Uganda to Tanga Port in Tanzania.
Integrated digital payment and commerce company Interswitch Group has appointed Paul Mwaura Ndichu as its new East African CEO.
Listed property development firm PrimeTime Property Holdings has expressed confidence in the Zambian market and reiterated it was excited about its latest acquisition in the country.
The Cameroonian Minister of Finance, Alamine Ousmane Mey, has published the list of 412 approved microfinance establishments, who are authorized to carry out their activities in Cameroon during 2017.
The first United Nations World Data Forum started yesterday in Cape Town, South Africa. The forum sees more than 1,500 data experts from more than 100 countries, with the goal of forming a broad consensus on how to harness the power of data for sustainable development.
Mastercard today launched 2KUZE, a digital platform that connects smallholder farmers, agents, buyers and banks in East Africa.
Airtel Kenya is undertaking strategic organisational restructuring to improve efficiencies across functions with an aim to enhance customer experience.
Retail store SPAR Zimbabwe will this year open new stores and partner with independent retailers to grow the brand
In a bid to protect customers’ transactions, FNB Namibia has increased security technology. Security in the online banking space has two points where enhanced security is needed
Banque du Caire aims to inject more than $53 million in a number of economic sectors during 2017. These sectors include transportation, logistics, construction, industry, food, and commodities.
African gold producer Acacia Mining has held talks with Endeavour Mining about a merger that could create a £3bn Africa-focused gold miner.
Sub-Saharan African growth is expected to pick up modestly to 2.9 percent in 2017 as the region continues to adjust to lower commodity prices. This according to the January 2017 global economic prospects report published by the World Bank.
The “Africa Rising” narrative is increasingly giving way to that of “Aspiring Africa”, as the Base of the Pyramid (BoP) shrinks and the new middle class burgeons, says Wim van der Beek, founder and managing partner of Goodwell Investments.
International Quality & Productivity Center (IQPC) cordially invites you to attend the Modern Airports Africa Conference, officially supported by the Kenya Civil Aviation Authority.
Probax, a cloud backup provider, has announced its expansion to Africa by making cloud storage available for local Managed Service Providers.
Cameroon is optimistic that its economy will grow to 6 per cent in 2017 despite an introduction of new taxes meant to compensate for dwindling government revenue mostly from oil.
South Africa’s Minister of Energy Tina Joemat-Pettersson has appointed Christopher Forlee as CEO of the National Energy Regulator of South Africa (Nersa)
Kenya has received the first batch of the freight locomotives for the standard gauge railway in readiness for testing slated to happen in the course of the first quarter of this year.
Tunisia has received a $2.2 million donation from the Swiss State Secretariat for Economic Affairs to assist the North African country achieve the first phase of "the sustainable urban development programme of Sousse and other cities" in 2017.
Horse racing and betting group Phumelela Gaming and Leisure has announced plans to raise $20.6 million through an offer of 16.3 million shares at $1.2 a share in a bid to finance its 50 percent stake in fixed odds sports betting operator, Supabets, the company said
The Addis Ababa-Djibouti Railway, which connects Ethiopia’s capital to the Port of Djibouti has officially been opened.
Algeria is set to commission an assembly plant for Renault and Volvo industrial vehicles under an Algeria- EU partnership.
Namibia’s largest commercial bank FNB Namibia is awaiting regulatory approval to acquire investment firm PointBreak and Ebank as it seeks to solidify its portfolio in the country.
Zambia has received $286 million for from the Indian government meant to improve infrastructure and decongest the capital Lusaka.
[Egypt] Pickalbatros Holding for Financial Investments Company sets eyes on ultra-modern hospitality facility
As part of its expansion plan Pickalbatros Holding for Financial Investments Company has bought a plot of land for the establishment of a new hotel facility in Fifth Settlement, New Cairo Egypt. The hotel is also expected to include an aqua park.
Africa Union appoints ten eminent experts to drive technological and economic development agenda in Africa
Ten eminent experts drawn from various disciplines have been appointed to serve in the High Level African Panel on Emerging Technologies (APET) with a view to recognizing the need to harness both existing and emerging technologies for the economic development of Africa.
An ECOWAS supported telecommunication project has been handed over to Sierra Leone for further implementation as the country seeks to build its telecommunication network after the civil strife.
Telecommunication service provider Bharti Airtel has appointed Rajeev Sethi as the chief commercial officer for its Africa operations.
Eastern Africa Grain Council, EAGC, has unveiled an online platform that will allow Rwanda grain and cereal farmers easy access to regional market information.
Zabidar Beer SC has unveiled a new trend in the industry with the unveiling of pull off caps, also known as RipCap, the first of their kind in the Ethiopian market, avoiding the customary bottle openers.
The Democratic Republic of Congo (DRC) has expressed interest in Uganda’s crude oil pipeline project and has expressed commitment in participating in its implementation.
Gulf’s third largest Islamic bank, Qatar International Islamic bank has received a nod to start operation in Morocco.
Kenya’s national carrier Kenya Airways has announced plans to lay off 38 staff members as part of its second phase of right sizing.
Solom Lartey has been appointed the new Managing Director and Chief Executive Officer of Activa International Insurance.
The government of South Sudan through the Ministry of petroleum has extended the oil exploration and production licenses by five years for three multinational companies as it seeks to boost production.
United Bank of Africa has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion.
[Column] James Ngunjiri: What Makes Nairobi the Only African City in Global Investors' Top Five Watchlist
Nairobi is on the global watchlist of top five fast modernising cities that are attracting new global business on growing realisation that big companies cannot operate from one sub-Saharan location in South Africa.
Oil trader Gunvor Group is suing Cerberus Capital Management, alleging that the private-equity firm is refusing to pay its share of costs incurred when the two companies made a failed $650 million bid for Chevron Corp. assets in South Africa.
Kenya is considering converting a portion of its coal deposits to oil as part of measures to cushion the economy from the volatile fuel import market.
European Union lending arm, the European Investment Bank has confirmed that it lent $97 million to support investment by companies across East Africa in 2016.
Zimbabwe's second largest mobile-telecommunication company by subscribers, NetOne has appointed George Manyaya as its Public Relations and Special Projects Executive.
UT Bank has resumed trading at the Ghana Stock Exchange following a temporary halt. The bank trading activities was halted by the Ghana Stock Exchange after UT failed to publish its quarterly audited accounts to shareholders
Diversified hospitality company Marriott International, Inc has announced further expansion in Algeria with the opening of its seventh hotel in Algeria, Sheraton Annaba.
Telecommunication company Telkom Kenya has made a raft of changes in its management as part of a broader strategy to strengthen the telcos’ operational and service excellence, drive ongoing growth and technological leadership while aligning the business with its transformation agenda.
The Housing and Development Bank (HDB) increased the number of its branches to 70 by the end of 2016, after the inauguration of the latest branch in Port Said as the bank seeks to grow its foothold in the region and continent.
Tanzania continues to enjoy the robust growth of the gaming industry in the recent past with the government having now pocketed $11 million in the 2015/2016 fiscal year compared to $7 billion the previous year.
Zimbabwe’s largest bank CBZ Holdings has suspended the use of Visa cards for local transactions informed by the country’s crisis in handling cash shortage.
AFRIKA KOMMT! is an initiative of leading German enterprises for future leaders from Sub-Saharan Africa. The fellowship program aims at highly qualified young professionals and junior executives from countries in Sub-Saharan Africa.
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $992,000-grant to support the preparation of 7.8-MW hydropower project (HPP) in Kenya.
Budget airline Fastjet has decided to sell 28 percent stake to South African carrier Solenta. The low cost carrier would also raise at least $28.8 million through a share placement.
The entry of insurance company Assurance du Cameroun Vie, in short ACAM Vie has shaken the industry while promising better days for individuals and companies.
Postal and Telecommunications Regulatory Authority of Zimbabwe sets minimum charges for voice and data
Telecommunication regulator Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has set floor prices for voice and data for bundled services including promotional packages.
Egypt has introduced the country’s first bankruptcy law which among others seek to minimize the need for individuals or companies to resort to courts while abolishing imprisonment in bankruptcy related cases.
Nigerian National Petroleum Corporation releases list of official oil suppliers for the year 2017/2018
The Nigerian National Petroleum Corporation (NNPC), has released the names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018.
The Savings and Credit Bank (BPC) has opened two new branches in Angola’s capital Luanda bringing its total to 444 branches spread across the country.
Kenya’s national carrier Kenya Airways has inked a codeshare agreement with Hong Kong Airlines to help improve connectivity and access in Asia.
With a growing construction industry and government’s increased investment in capital projects, Algeria is looking to increase cement production to meet this growing demand. It is against this backdrop that a second production unit of cement plant
South Africa mining company Bauba says it has re-opened its wholly-owned chrome mine Moeijelijk after placing it under care and maintenance.
[Column] Bob Koigi: Why Africa’s neglected economic sectors will be our saving grace in job and wealth creation
Kenya leads African counterparts in successfully absorbing majority of its population into the job market and although the labour force is on track to increase dramatically over the coming decade, creating a job market that comfortably accommodates everyone still remains a pipe dream.
A rising number of non-performing loans has seen the Central Bank of Rwanda announce new measures that will see it work closely with financial institutions as it seeks to strengthen its monitoring and supervisory roles.
Sierra Leone is on course for an upgraded electricity network thanks to an $11 million project which concentrated on transmission, distribution and generation.
Local tyre manufacturers are decrying shortage of foreign currency warning that the deficit has limited local manufacturers from benefiting from import restrictions placed on some products which could further fuel shortages, they warned
Egypt’s construction sector is the most promising in the Middle East and Northern African regions, study
The Middle East North Africa construction sector is surprisingly diverse in terms of exposure, profitability, and metrics, making it difficult to draw broad conclusions, yet currently Egypt is the most prosperous construction market in the Middle East and North Africa (MENA) region despite the effect of the currency’s devaluation and the high inflation rate, according to a recently released HSBC’s “MENA construction” report.
Cape Town-based IT services firm CyberLogic is set to refresh its brand, expand its footprint and take new services to market in 2017, following its successful acquisition of Stellenbosch-based IT services firm Space Age Technologies last year.
A modern slaughterhouse built in Jigjiga town, Ethiopian Somali regional state, has begun exporting meat to the United Arab Emirates (UAE).
The number of foreign direct investments (FDI) projects into Africa increased by 6% in 2015, according to the FDI report 2016. Africa also recorded 156 more FDI projects than the Middle East in 2015, a figure that has widened by 98% compared with 2014.