Africa Finance Corporation signs master cooperation agreement with International Finance Corporation
Africa Finance Corporation (AFC) has this month become the 30th member of the Master Cooperation Agreement (MCA) at the World Bank's Annual Meetings in Washington DC.
[Column] Daniel Monehin: Policy and regulation should bolster innovation to ensure financial inclusion is achieved
Walk through bustling marketplaces in Africa and you will see a substantial amount of money changing hands, as merchants and consumers haggle over the goods and services.
The Ministry of Mines and Hydrocarbons, Ophir Energy and national oil company GEPetrol have signed a new production sharing contract (PSC) for Block EG-24 offshore Rio Muni, Equatorial Guinea.
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has signed a US$ 45 million Murabaha Financing Agreement with the government of The Gambia.
The increase in the demand for the South African wines in Russia provides a good opportunity for the local companies to penetrate the Russian market.
The Maritime Security Programme (MASE) under the Governance, Peace and Security Unit at COMESA Secretariat recently conducted an intensive training on Financial Investigation and Asset Recovery for 25 participants from the region.
African Development Bank urges African leaders to make agriculture attractive to young Africans and stem migration
On the occasion of the 2017 World Food Day, the African Development Bank has highlighted how Africa’s food security depends on attracting young people to agriculture and agribusiness.
In order to achieve our economic goals as envisioned in the 2030 development blue-print, we need to be deliberate in creating an export push for our local goods.
The Commonwealth Secretariat and the African Development Bank Group (AfDB) have pledged to work closer together to help billions of people.
In 2015, the Government of Nigeria requested World Bank support to respond to the humanitarian and development crisis in the North East of Nigeria.
Africa’s migrant resources, which amount to more than $110 billion, could be a major source of funding for key infrastructure projects across the continent if properly harnessed.
Expanding and deepening financial markets across Africa is a central condition for the next stage of the continent's development. That is a key conclusion of the Africa Financial Markets Index.
The Gauteng Province and GE have signed a Memorandum of Understanding (MoU) to collaborate on projects in the key economic sectors of Energy and Healthcare.
The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new $100m Cepheus Growth Capital Fund.
British Environment Secretary Michael Gove has proposed a ban on ivory sales to help bring an end to elephant poaching.
The Northern States Governors Forum (NSGF) has selected GE Healthcare, a global provider of transformational medical technologies and services, as a long-term partner to revitalize healthcare infrastructure in the Northern States.
On average fertilizer use most African countries is less than 10 percent of the world’s average with fertilizer access by especially smallholder farmers seems to be the biggest headache.
The World Bank has approved a $15 million International Development Association to help Togo address critical economic governance and public financial management challenges.
COMESA has signed a Memorandum of Understanding (MoU) with the Consumer Unity and Trust Society (CUTS) International Zambia.
Eleven years since the establishment of the Land Policy Initiative, a ceremony was held in the presence of African Ministers and experts that launched the African Land Policy Centre (ALPC).
Mauritius has signed the COMESA- EAC – SADC Tripartite Free Trade Area agreement. This brings to 21 out of the 27 countries that have signed the regional trade framework.
The European Commission, on behalf of the EU, has approved the disbursement of a €200 million loan to Tunisia.
South Africa has signed five strategic agreement and memoranda of understanding with the government of the Republic of Zimbabwe which aim to strengthen bilateral relations between the neighboring countries, in Pretoria.
The current intra-regional trade in the Common Market for Eastern and Southern Africa is US$20 billion with a potential of over US$82.3 billion.
Rwanda Revenue Authority certifies 22 authorized economic operators facilitating faster and smoother trade
Rwanda revenue Authority (RRA) has signed MOU’s and awarded certificates of recognition to twenty-two companies in Rwanda who have been granted special customs status as Authorized Economic Operators (AEO).
Revenue losses from inefficient border procedures in some African countries are estimated to exceed 5% of the Gross Domestic Product.
The African Export-Import Bank (Afreximbank) is to arrange at least $500 million in multi-sourced financing to support projects in agro-processing, energy, manufacturing, tourism and logistics sectors
Intra-African trade and investment is growing, and with it the likelihood that more and bigger commercial disputes will arise. Such disputes should be resolved on African soil and not in boardrooms in Europe.
The African Development Bank (ADB) Group President, Akinwumi Adesina, has concluded his two-day official visit to Niger with a visit to the Kalmaharo Technical High School in Niamey, is supported by the Bank
LS telcom, Inc, a worldwide leader in Spectrum Management and Spectrum Monitoring solutions, has announced the installation of multiple LS OBSERVER sensor-based monitoring stations for the Liberian Telecommunications Authority.
The Millennium Challenge Corporation (MCC) Board of Directors in its quarterly meeting has approved a $524 million compact with the Republic of Côte d’Ivoire to spur economic growth and reduce poverty.
The Minister of Finance and Economic Planning Claver Gatete has expressed confidence that the economy would attain the projected 6.2% growth as a result of positive trends across various sectors.
Egypt and the United States have signed new bilateral assistance agreements and amendments worth over $100 million that support the Government of Egypt's economic reforms, Sustainable Development Plan 2030, and private sector led growth and job creation.
Elbit Systems Ltd has been awarded a $240 million contract to provide a wide array of defense electronic systems in Africa.
[Nigeria] Buhari administration engages national assembly, chief justice in new ease of doing business action plan
The Presidential Enabling Business Environment Council (PEBEC), which is chaired by Vice President Yemi Osinbajo, will, on Tuesday, consider new and specific initiatives to be implemented over a 60-day period in the National Action Plan 2.0.
The Government of the Union of Comoros has developed a national strategy oriented to local resources transformation for the Micro, Small and Medium Enterprises to revamp its industrial productivity and export base.
Sierra Leone President Dr. Ernest Bai Koroma and RippleNami Inc., a blockchain systems solution provider, have announced a nationwide digitization program that will forever change Sierra Leone's global digital standing.
United States Agency for International Development Administrator Mark Green has announced that the U.S. President's Malaria Initiative , led by USAID and implemented together with the U.S. Centers for Disease Control and Prevention, will launch new country programs.
A pioneering initiative to set up an African Mineral Resource Classification system based on the United Nations Frameworks Classification for Fossil Energy and Mineral Reserves and Resources is now unde
[Column] Bob Koigi: Why liberalization of fertilizer market holds the promise of a prosperous Sub Saharan Africa
The world population is expected to grow by nine billion by 2050. Out of this meteoric growth, Sub-Saharan Africa will record the world’s largest growth, of three billion according to a Population Reference Bureau report.
Kapsch TrafficCom’s joint venture with Zambian Lamise Trading Limited has been awarded a nation-wide concession contract by the Zambian Government .
The Minister of Trade and Industry, Dr Rob Davies has held a bilateral meeting with the United Kingdom Secretary of State for International Trade, Dr Liam Fox in Pretoria.
African Trade Insurance Agency launches in Côte d'Ivoire, targets support of $2 billion of investments and trade
Côte d'Ivoire has become the latest member of the African Trade Insurance Agency (ATI).
The New Partnership for Africa’s Development (NEPAD), African Union’s economic development programme gathered international investors and CEO-level business leaders at the NASDAQ Stock Market for the launch of its 5% Agenda campaign.
South African Customs Union and East African Community deliberate on tripartite Free Trade Area market access
South Africa has played host to the 11th bilateral meeting between Trade Ministers of the Southern African Customs Union (SACU) and the East African Community (EAC).
The Central Bank of Nigeria (CBN) has reviewed daily mobile money wallet transaction and balance limit, as well as the Bank Verification Number (BVN) requirement for mobile money wallet holders.
The United Nations World Food Programme (WFP) has launched its five-year Country Strategic Plan (CSP) for Mozambique.
In line with the Presidential mandate of rehabilitating the nation’s three refineries, the Nigerian National Petroleum Corporation has inaugurated eight committees charged with returning the refineries to their nameplate capacities by the year 2019.
Pan-African infrastructure investment platform Africa50, has welcomed Guinea and the Democratic Republic of Congo as its latest members.
[Column] Leana Englebrecht: Swaziland Competition Commission requires payment of higher merger filing fees
In Swaziland, mergers are classified as either small mergers or large mergers.
COMESA Ministers responsible for industry have adopted the regional Industrialization strategy which defines key interventions at both regional and national levels to speed up industrial development in the region.
In Swaziland, mergers are classified as either small mergers or large mergers. A small merger is a merger where the combined annual turnover or asset values of the merging parties does not exceed SZL8 million (approximately USD600 000).
Rwanda’s economic growth has been slowing down since mid-2016 resulting in a 6percent growth in 2016 and in 4.2 percent annualized growth in the first quarter of 2017.
The African Development Bank has emphasized the need to ensure coherence between the East Africa’s regional integration agenda and the engagement of the Horn of Africa countries’ engagements at the multilateral level.
With only a third of Egypt’s population connected to a sewer system—and rapid urbanization straining already overburdened infrastructure—Egypt’s fast-growing cities have been searching for solutions.
African leaders and partners in the agriculture sector have validated the Feed Africa Strategy of the African Development Bank (AfDB) as a viable tool towards the transformation of agriculture on the continent.
The Common Market for Eastern and Southern Africa region holds the highest potential for minerals development in the continent.
For more than a decade, Africa has enjoyed a mineral boom, producing more than 10% of the world’s minerals by value, from over 30% of its global mineral reserves.
Merck Foundation commits to long term partnership with Government of Uganda in building healthcare capacity
Merck Foundation, a non-profit organization, and a subsidiary of Merck KGaA underscored their commitment to long term partnership with Government of Uganda to build healthcare capacity with special focus on diabetes, cardiovascular diseases, infertility and cancer.
The President of France, Emmanuel Macron, has appointed Vanessa Moungar, the African Development Bank’s Director for Gender, Women and Civil Society, to his Presidential Council for Africa.
South Africa has reiterated its commitment to increased two- way trade with Mozambique according to The High Commissioner of South Africa to Mozambique, Mandisi Mpahlwa.
Kenya Bureau of Standards partners with South Sudan National Bureau of Standards on training and conformity
South Sudan National Bureau of Standards (SSNBS) stands to benefit from training and technical expertise of Kenya Bureau of Standards (KEBS), according to a Memorandum of Understanding (MOU) signed by the two institutions.
The AU-ECA-AfDB Land Policy Initiative (LPI) in partnership with the government of Madagascar have been holding a conference to validate the Country Report and Business Plan on Mainstreaming Land Governance
The President of the Republic of South Africa, Mr Jacob Zuma is set to launch the InvestSA One Stop Shop in Western Cape.
The International Monetary Fund (IMF) approved an extension of an aid package for Ghana initially worth $918 million that will see the program continue for an extra year beyond its original April 2018 end date, it said on Wednesday.
Switzerland and Zambia have signed a new double taxation agreement (DTA) in the area of taxes on income.
The Nigerian National Petroleum Corporation (NNPC) has requested a deeper collaboration with India in the area of expertise and state-of-the-art medical equipment to revitalize its 52 clinics across the country.
[South Africa] The Department of Trade and Industry to assist black Industrialists find market in Uganda
The Department of Trade and Industry (the dti) will take a group of Black Industrialists on an outward trade mission to Uganda from 18-23 September to assist them search for a market for their products and investments opportunities.
With illegal wildlife trade being one of the most serious threats to biodiversity, the International Fund for Animal Welfare and the Moroccan government’s High Commission for Water, and forests are announcing a partnership to strengthen the protection of wildlife and habitats.
The UK government has committed $540 million to help build a more secure and prosperous Tanzania over the next three years.
The Economic Commission for Africa has unveiled the Model Law that provides a framework for the harmonization of cross-border rules, regulations, laws and policies governing transboundary infrastructure projects in Africa.
The United Nations’ Third Industrial Development Decade for Africa reaffirms the importance of industrialization in supporting Africa’s own efforts towards sustained and sustainable economic growth and accelerated development.
In another bold move for self-sufficiency in sugar production, Dangote Group has in Niger State signed an agreement with the State Government for the establishment of a $450million sugar complex.
Despite local challenges and global volatility, Africa still presents ample opportunity for growth. The digital sphere continues to shape and disrupt a number of industry sectors.
The Ghanaian Government, in collaboration with the United Nations Economic Commission for Africa’s Sub-Regional Office for West Africa, has launched the 2016 Country Profile for Ghana.
Kyle Moss serves as a government affairs program manager and head of global entrepreneurship for Qualcomm Wireless Reach. Based in San Diego, Moss designs, implements, and manages social impact programs throughout Africa, Asia, and the US.
Over its 50-year history, the African Development Bank (AfDB) has financed over 450 transport projects, changing the lives of close to 450 million people across Africa.
[Column] Phyllis Wakiaga: Government economic policy must be clearly articulated for it to be effective
The competitiveness and profitability of any business is hugely impacted by changes in market regulations and government policies
As part of efforts to boost private sector’s investment in agriculture, Dangote Group, GrowAfrica and Nigeria Agribusiness Group have signed a Memorandum of Understanding.
The Nigerian National Petroleum Corporation Group Managing Director, Dr. Maikanti Baru, has expressed satisfaction over the innovation introduced in the conduct of the 2017 edition of the competition.
The decision by the African Union to introduce an African passport and abolish visa requirements for all African citizens is the most transformative and historic attempt the continent has ever made in opening up its borders to its people
The Western Cape Government has received over 350 Volkswagen Polo Vivo Sedans. These vehicles will be used mainly for general purposes by Provincial Departments in the Western Cape, such as the Traffic, Transport and Public Works.
Springfield Agro Limited, in partnership with Mahindra & Mahindra Ltd., a part of the US $19 billion Mahindra Group have announced its collaboration with Katsina State Government, and launched the FarmTo-Folk initiative.
U.S. Ambassador to Ghana Robert P. Jackson joined officials from the Ministry of Trade and Industry at a validation workshop on Ghana’s African Growth and Opportunity Act (AGOA) Strategy.
In one of the most historic payouts in the history of Kenyan agriculture, tea farmers last year received Sh61.99 billion, about $597 million, in what was attributed to a favourable demand for the leaf at the international markets and good climate.
A new UNIDO project will help revive the Egyptian cotton industry which produces some of the highest quality fibre, known all over the world as Egypt’s ‘white gold’.
[Cameroon] Bolloré Transport & Logistics, CMA CGM and CHEC sign concession agreement to manage Kribi container terminal
A consortium of French and Chinese companies have signed a concession agreement to Cameroon’s Kribi Containers Terminal, a reference Port Terminal in Africa.
EU-Egypt Association Council has endorsed the EU-Egypt partnership priorities for 2017-2020.
The chairman, Senate committee on Health Sen. Lanre Tejuoso says the Senate is reviewing the National Health Insurance Scheme (NHIS) Act to make healthcare delivery affordable in the country.
The Minister of Trade and Industry, Dr. Rob Davies together with First National Bank (FNB) Chief Executive Officer (CEO) for Public Sector Banking, Mr Kgosi Ledimo have signed a pledge that will improve access to finance for Black Industrialists
The Government of Rwanda and Sweden have signed financing agreement worth US$ 7.4 million to support National Employment Program.
The British Government has expressed its readiness to invest in pipeline infrastructure, renewable energy, gas and power of the Nigerian Oil and Gas Industry.
P Live in partnership with Facebook will live-stream the Kenyan Presidential Debate that is scheduled to hold on Monday, 24th of July at 5.30pm.
Continental Free Trade Area (CFTA) negotiations are moving in the right direction and at the desired pace, with the first phase of the negotiations expected to be concluded by the end of 2017, Coordinator of the African Trade Policy Centre (ATPC), David Luke has said.
Merck Foundation will focus on providing one year and two years surgical and paediatric oncology fellowship program in India, Europe and University of Nairobi for Tanzanian doctors to improve the cancer care in the country.
Boosting intra-African trade is the most effective channel for trade to deliver development on the African continent, Economic Commission for Africa's Capacity Development Division (CDD) Director Stephen Karingi has said.
More than 20 awards were presented have been recognized during the first edition of the ECOWAS Quality Award, to companies, personalities and institutions, for their contribution to the promotion of quality in West Africa.
The signing of the tripartite free trade area agreement by South Africa in Kampala has injected fresh momentum into the tripartite negotiations to create a free trade area covering half of Africa.
The Government of Liberia has received a grant of $11.2 million from the European Union (EU).
Switzerland and Ghana have recognized the quality of their bilateral relations during the visit of Swiss Confederation president Doris Leuthard to Ghana.