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30-10-2014 23:52:00 | by: Default Admin User | hits: 4321646 | Tags:


Emirates announces third daily flight service to Kenya
20-01-2017 | 20:02:00
UAE’s carrier Emirates has stated that it is introducing a third daily flight between Dubai and Kenya’s capital from 1 June 2017.
Morocco and Ghana mull harmonizing stock markets operations to ease trading
20-01-2017 | 20:00:00
Ghana and Morocco are in talks to harmonize operations in the two countries’ stock markets allowing easier trading.
Bowmans Kenya Intellectual Property team awarded gold ranking for fifth consecutive year
20-01-2017 | 14:47:45
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 to build fifth international airport
20-01-2017 | 14:27:03
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
20-01-2017 | 14:20:15
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 taxman trains eyes on contrabands with new electronic cargo tracking system
20-01-2017 | 11:38:00
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 set to unveil new GH¢5 notes
20-01-2017 | 11:35:00
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.
First African high speed train arrives in Morocco
20-01-2017 | 11:32:00
French-made high-speed train, better known as TGV has made its way to Morocco at the Port Tangier Med..
World Bank projects marginal economic growth for Central African states
20-01-2017 | 11:30:00
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.
Proflight Zambia set for four new domestic routes this year
20-01-2017 | 06:54:58
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
20-01-2017 | 06:49:58
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 breaks ground for largest solar power project in 30 years
20-01-2017 | 06:40:01
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.
Dr. Michael Mugerwa appointed General Manager of Uganda Refinery Holding Company
20-01-2017 | 06:35:39
The Uganda Refinery Holding Company Limited (URHC) has appointed its first general manager Dr. Michael Nkambo Mugerwa.
[Column] Bob Koigi: Why paying taxes matter to businesses
20-01-2017 | 06:17:57
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 Airways starts flower exports to Australia in revenue diversification binge
19-01-2017 | 15:58:51
Kenya’s national carrier Kenya Airways has started exporting cut flowers to Australia as it looks to diversify its revenue streams.
Djibouti starts construction of Africa’s largest free trade zone
19-01-2017 | 15:56:05
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.
[Egypt] NAEEM Shares &Bonds Brokerage starts trading at Dubai’s equity futures market
19-01-2017 | 14:53:36
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.
[Interview] Jeffery Wilson, founder JW Show
19-01-2017 | 14:17:12
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
19-01-2017 | 11:31:40
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%).
[Column] Jens Ischebeck: M-learning in Ghana
19-01-2017 | 11:11:14
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 Africa] Entersekt observes global growth amidst sharper focus on cyber security
19-01-2017 | 10:57:00
South African fintech company, Entersekt, has expanded its worldwide operations and secured contracts with major banks across several continents.
[Tanzania] Semtech Corporation uses its technology to protect endangered black rhinos
19-01-2017 | 10:09:00
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] Nairobi ranked most dynamic city in Africa
19-01-2017 | 07:58:59
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.
Harvard’s Center for Middle Eastern Studies opens field office in Tunisia
19-01-2017 | 07:54:17
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.
[Mali] Gervais Djondo, Ecobank founder, feted for his pan African vision and development record
19-01-2017 | 07:52:34
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
19-01-2017 | 07:40:07
Germany and Africa seek to strengthen trade and investment ties at inaugural Business Forum
[Sierra Leone] Ecobank launches 'Move on up' campaign with eye on technology
18-01-2017 | 16:05:00
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.
Icflix seeks Tunisian entry through partnership with Orange
18-01-2017 | 16:00:00
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.
[Algeria] Government approves four phosphate processing projects to spur economic growth
18-01-2017 | 14:34:00
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.
[South Africa] CEOs’ confidence rise despite new risks and uncertainty
18-01-2017 | 14:30:00
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
Ethiopian Airlines set for seven new routes in the next five months
18-01-2017 | 12:07:00
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.
[Morocco] BMCE Bank fined $90 million for tax evasion
18-01-2017 | 12:05:00
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] Othom Rago Ajak appointed governor of the Bank of South Sudan
18-01-2017 | 12:03:00
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.
[Malawi] Sunbird Tourism Limited picks Africa Parks to advance eco-tourism agenda
18-01-2017 | 12:00:00
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.
Uganda- Tanzania oil pipeline to create 10,000 jobs
18-01-2017 | 07:10:00
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.
Paul Mwaura Ndichu appointed East African CEO of Interswtich Group
18-01-2017 | 07:05:00
Integrated digital payment and commerce company Interswitch Group has appointed Paul Mwaura Ndichu as its new East African CEO.
PrimeTime Property expresses confidence in latest Zambian acquisition
18-01-2017 | 07:02:00
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.
[Cameroon] 412 microfinance institutions greenlighted to operate in 2017
18-01-2017 | 07:00:00
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.
United Nations Data Forum kicks off in South Africa
17-01-2017 | 09:35:15
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 Launches Mobile Marketplace to Digitize East Africa's Agricultural Sector
17-01-2017 | 09:15:55
Mastercard today launched 2KUZE, a digital platform that connects smallholder farmers, agents, buyers and banks in East Africa.
Airtel Kenya invests in organizational restructuring
16-01-2017 | 14:26:24
Airtel Kenya is undertaking strategic organisational restructuring to improve efficiencies across functions with an aim to enhance customer experience.
[Zimbabwe] Spar promises more expansion in 2017
16-01-2017 | 14:25:36
Retail store SPAR Zimbabwe will this year open new stores and partner with independent retailers to grow the brand
FNB Namibia invests in modern technology to protect customers’ transactions
16-01-2017 | 14:21:00
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
Bank of Egypt boosts key economic sectors with $53 million injection
16-01-2017 | 14:12:19
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.
[Tanzania] Acacia Mining in merger talks with Endeavour Mining
16-01-2017 | 14:07:27
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 Africa economic growth to rise by 2.9 per cent in 2017, World Bank
16-01-2017 | 14:02:12
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.
[Column] Wim van der Beek: How technology can create new pathways for inclusive growth in Africa
16-01-2017 | 11:00:36
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.
[Kenya] Invitations to the Modern Airports Africa Conference
16-01-2017 | 10:39:46
International Quality & Productivity Center (IQPC) cordially invites you to attend the Modern Airports Africa Conference, officially supported by the Kenya Civil Aviation Authority.
Probax launches data centre in South Africa
16-01-2017 | 09:47:48
Probax, a cloud backup provider, has announced its expansion to Africa by making cloud storage available for local Managed Service Providers.
Cameroon optimistic of a 6 per cent economic growth despite dip in oil revenue
12-01-2017 | 14:35:00
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.
Christopher Forlee appointed CEO of the National Energy Regulator of South Africa
12-01-2017 | 14:30:00
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 welcomes first batch of freight locomotives for Standard Gauge Railway
12-01-2017 | 11:10:00
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] Sustainable Urban Development Programme receives $2 million boost from Swiss government
12-01-2017 | 11:06:00
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.
[South Africa] Phumelela Gaming and Leisure in cash call to finance Supabets
12-01-2017 | 11:04:00
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
[Ethiopia] Addis ababa- Djibouti railway opens region to trade and opportunities
12-01-2017 | 11:00:00
The Addis Ababa-Djibouti Railway, which connects Ethiopia’s capital to the Port of Djibouti has officially been opened.
Algeria to unveil first of its kind Renault and Volvo assembly plant
12-01-2017 | 08:08:00
Algeria is set to commission an assembly plant for Renault and Volvo industrial vehicles under an Algeria- EU partnership.
FNB Namibia awaiting regulatory approval to acquire Pointbreak and Ebank
12-01-2017 | 08:06:00
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 receives $286 million from India to decongest capital
12-01-2017 | 08:04:00
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
12-01-2017 | 08:00:00
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
11-01-2017 | 22:18:15
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.
Sierra Leone receives telecommunication and e- governance program from ECOWAS for implementation
11-01-2017 | 22:17:46
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.
Rajeev Sethi appointed Bharti Airtel’s Chief Commercial Officer for Africa
11-01-2017 | 15:50:00
Telecommunication service provider Bharti Airtel has appointed Rajeev Sethi as the chief commercial officer for its Africa operations.
[Rwanda] Technology connects farmers to timely market information
11-01-2017 | 15:44:40
Eastern Africa Grain Council, EAGC, has unveiled an online platform that will allow Rwanda grain and cereal farmers easy access to regional market information.
[Ethiopia] Zebidar Beer SC excites beer industry with first of its kind pull off beer caps
11-01-2017 | 15:37:51
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.
DR Congo expresses interest in Tanzania, Rwanda oil pipeline project
11-01-2017 | 15:30:43
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.
Qatar International Islamic Bank receives nod to operate in Morocco
11-01-2017 | 10:35:39
Gulf’s third largest Islamic bank, Qatar International Islamic bank has received a nod to start operation in Morocco.
Kenya Airways to lay off 38 staff in restructuring move
11-01-2017 | 10:29:11
Kenya’s national carrier Kenya Airways has announced plans to lay off 38 staff members as part of its second phase of right sizing.
[Ghana] Solomon Lartey appointed CEO Activa International Insurance
11-01-2017 | 10:22:48
Solom Lartey has been appointed the new Managing Director and Chief Executive Officer of Activa International Insurance.
[South Sudan] Government extends oil exploration agreement for three multinationals by five years
11-01-2017 | 10:20:06
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.
[Nigeria] UBA launches first merchant app for MSMEs
10-01-2017 | 11:00:00
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
10-01-2017 | 10:38:00
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.
[South Africa] Oil Trader Gunvor Suing Cerberus Over Failed Chevron Bid
10-01-2017 | 10:23:00
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 considers producing oil from coal to cut imports
10-01-2017 | 10:14:00
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 Investment Bank confirms $97 million support for East African entrepreneurs in 2016
09-01-2017 | 16:40:16
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] George Manyanya appointed NetOne Public Relations and Special Projects Executive
09-01-2017 | 16:38:39
Zimbabwe's second largest mobile-telecommunication company by subscribers, NetOne has appointed George Manyaya as its Public Relations and Special Projects Executive.
[Ghana] UT Bank resumes trading at the bourse after hiatus
09-01-2017 | 16:24:00
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
[Algeria] Marriott International extends footprint in Algeria with new hotel
09-01-2017 | 13:29:26
Diversified hospitality company Marriott International, Inc has announced further expansion in Algeria with the opening of its seventh hotel in Algeria, Sheraton Annaba.
Telkom Kenya makes management changes to align business with transformation agenda
09-01-2017 | 11:18:27
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.
[Egypt] Housing and Development Bank extends branch portfolio to 70
09-01-2017 | 11:10:25
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 earns $11 million from the ballooning gaming industry
09-01-2017 | 11:07:07
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] CBZ Holdings suspend use of visa cards for local transactions on cash crunch
09-01-2017 | 11:04:59
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! 2016-2018 Fellowship Program is open for applications
09-01-2017 | 09:45:00
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.
SEFA grants USD1m to prepare community-owned hydropower project in Kenya
09-01-2017 | 09:30:00
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.
[South Africa] Fastjet cedes 28 per cent stake to Solenta
06-01-2017 | 16:10:00
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.
[Cameroon] Entry of ACAM Vie insurance shakes up and redefines industry
06-01-2017 | 16:05:00
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
06-01-2017 | 16:00:00
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 introduces first bankruptcy law with eye on increased investment
06-01-2017 | 13:25:07
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
06-01-2017 | 13:20:34
The Nigerian National Petroleum Corporation (NNPC), has released the names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018.
[Angola] The Savings and Credit Bank cements national foothold with two new branches in capital
06-01-2017 | 13:10:14
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 Airways in codeshare agreement with Hong Kong Airlines for daily flights
06-01-2017 | 10:16:22
Kenya’s national carrier Kenya Airways has inked a codeshare agreement with Hong Kong Airlines to help improve connectivity and access in Asia.
Algeria looks to cement self-sufficiency with new production plant
06-01-2017 | 10:12:55
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] Bauba reopens chrome mine on improved prices
06-01-2017 | 10:07:56
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
06-01-2017 | 09:33:09
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.
[Rwanda] Central Bank steps in to tame rising bad loans
05-01-2017 | 14:18:59
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 invests $11 million in upgrading electricity network
05-01-2017 | 14:13:15
Sierra Leone is on course for an upgraded electricity network thanks to an $11 million project which concentrated on transmission, distribution and generation.
[Zimbabwe] Local tyre manufacturers decry foreign currency shortage, warn of ripple effects
05-01-2017 | 14:08:00
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
05-01-2017 | 14:01:04
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.
[South Africa] CyberLogic trains eyes on expansion following successful acquisition
05-01-2017 | 13:53:12
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.
[Ethiopia] UAE markets express appetite for meat from modern abattoir
05-01-2017 | 13:50:07
A modern slaughterhouse built in Jigjiga town, Ethiopian Somali regional state, has begun exporting meat to the United Arab Emirates (UAE).
Social impact bonds– an option to address Africa’s most pressing challenges
05-01-2017 | 11:15:00
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.