Sompo International strengthens position in Africa through alliance with Sanlam Limited and SAHAM Finances
Sompo International Holdings Ltd, a Bermuda-based specialty provider of property and casualty insurance and reinsurance and wholly owned subsidiary of Sompo Holdings, Inc. (Sompo), has launched a new strategic partnership in Africa.
ENGIE and Fenix have agreed on a transaction in which ENGIE will acquire 100 per cent of Fenix International, a next generation energy company, offering Solar Home Systems (SHS) in Africa.
The Board of Directors of the African Development Bank Group (AfDB) has approved Sudan’s Country Brief 2017-2019, designed to help the country build resilience and address core issues of fragility.
Mars Africa, the South African-based division of Mars Incorporated, a global family-owned food business, and DHL Supply Chain South Africa, the world's largest contract logistics company, have signed a contract that will see DHL providing warehousing and distribution services for a number of Mars products.
Italian multinational oil and gas company Eni has finalized the sale of a 30 per cent stake in the Shorouk concession, where the super-giant Zohr gas field is located, to Rosneft.
VICE Media and Econet Media have announced an expansive new joint venture to fully launch VICE into Sub-Saharan Africa.
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.
Morocoo’s largest low cost carrier Air Arabia Maroc has launched a new twice weekly scheduled service between Dublin to the Moroccan city of Agadir.
Siemens and the German government in $26 million partnership to support occupational training in Egypt
To drive employment opportunities for Egyptian youth, Germany’s Federal Ministry for Economic Cooperation and Development and Siemens have signed a strategic alliance agreement to support occupational training in Egypt.
Bolloré Logistics South Africa obtained the Transported Asset Protection Association (TAPA) Level C certification for its Pomona warehouse in Johannesburg. This is the first African subsidiary to receive this kind of certification.
The technology group Wärtsilä has signed a framework supply contract to supply the generating equipment for three new power plant projects being implemented in Angola.
Building Energy, multinational company operating as a Globally Integrated IPP in the Renewable Energy Industry, announces the Inauguration of the Tororo Solar Plant, its first photovoltaic system in Uganda.
Regional agro input powerhouse Elgon Kenya has partnered with respected IPM category products producer Dudutech in a deal that is set to make Elgon Kenya the distributor of Dudutech’s globally recognized products.
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.
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.
JTI (Japan Tobacco International) has been officially certified for the first time as a Top Employer in Africa, demonstrating its status as an employer of choice that puts people first.
Ethiopia extends E-Visa service to Meetings, Incentives, Conferences, and Exhibitions (MICE) participants
Ethiopian Immigration and Nationality Affairs main Department in collaboration with Ethiopian Airlines Group has launched E-Visa service for African and international participants of Meetings, Incentives, Conferences, and Exhibitions to be held in Ethiopia.
Philip Morris International Inc. has been recognized for the second consecutive year as a Top Employer in Africa, awarding the company’s work environment and commitment to creating value for its employees.
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.
International Islamic Trade Finance Corporation and National Company of Transports and Logistics in bid to bridge Morocco, Sub Sahara Africa gap
British Environment Secretary Michael Gove has proposed a ban on ivory sales to help bring an end to elephant poaching.
Kyei Faried Owura is the brains behind Edwa Global Company, a Ghana based startup revolutionizing food purchase online in the local and international markets while creating jobs for farmers and players across the value chain.
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Kacalla Baru, has said that he had engaged investors to establish a refinery in Akwa Ibom State.
China Minsheng Drawin Technology Group (CMIG Drawin), a unit of investment conglomerate China Minsheng Investment Group, has launched the John Dude New City project in South Africa's Gauteng province.
Isuzu introduces new crew cab model to sate growing demand for light commercial vehicles in Sub Saharan Africa
Growing demand for light commercial vehicles has spurred Isuzu to expand its offering in Sub-Saharan Africa to include the KB 4x4 crew cab X-Rider model.
Hurricane Electric, the IPv6-native Internet backbone has added a new Point of Presence (PoP) in Nairobi at the East Africa Data Centre.
The new Ashburton Global 1200 Equity Exchange Traded Fund (ETF), with a large interest in developed markets, has listed on the Johannesburg Stock Exchange becoming the 9th ETF to list this year.
Nestlé Professional to provide Innscor Kenya with beverage solutions through Alegria vending technology
Nestlé Professional, the out-of-home arm of Nestlé, has entered into a partnership with Innscor Kenya Limited to provide the latter with beverage solutions to its consumers through Nescafé Alegria vending technology.
Oranto Petroleum has signed two production sharing agreements (PSA) in the Ngassa Shallow and Deepwater Play of Lake Albert in Uganda.
CH2M wins marine engineering support contract on BP project developing offshore gas fields in Senegal and Mauritania
CH2M has been awarded a new marine engineering support contract on BP's innovative Tortue development offshore Mauritania and Senegal.
Total and the National Office of Petroleum of Guinea (ONAP) have signed a Technical Evaluation Agreement to study deep and ultra deep offshore areas located off the coast of Guinea Conakry.
COMESA has signed a Memorandum of Understanding (MoU) with the Consumer Unity and Trust Society (CUTS) International Zambia.
On the latest episode of ‘Marketplace Africa’, the programme examines Kenya’s luxury car market – one that is among the fastest growing on the continent and is now attracting top-end car manufacturers to the country.
From the Africa Hotel Investment Forum (AHIF) in Kigali, Rwanda, Marriott International today announced further expansion plans in Africa with seven new hotel signings.
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.
Analysis carried out by the International Transport Workers’ Federation (ITF) has found an emerging pattern of labour rights violations throughout one of the world's most profitable stevedoring companies: International Container Terminal Services Inc. (ICTSI).
A2X, South Africa’s newest stock exchange, has made its debut with three listings and four of the industry’s leading brokers on board.
PPC said on Friday that Nigeria’s Dangote Cement has withdrawn its interest to tie-up with the South African firm, sending its shares more than 13% lower.
The Nigerian National Petroleum Corporation, NNPC has announced a total export receipt of $471.90 million for the month of July 2017 as against $219.34 million posted in June 2017.
The Islamic Development Bank and the Association for the Development of Education in Africa (ADEA) have signed a Memorandum of Understanding related to the cooperation in the education sector in Africa.
Citizens in the Common Market for Eastern and Southern Africa (COMESA) may soon enjoy reduced calling charges, courtesy of a decision taken by Ministers in charge of infrastructure.
A pioneering initiative leading towards a framework for mineral resource classification in Africa had has started with deliberations from African geological experts and classification specialists.
World’s international express services provider DHL Express has announced its partnership with MallforAfrica, the global e-commerce company, which will facilitate selling of made-in-Africa products to customers in the United States.
Statesduka.com is the first budget online shopping and shipping website serving Kenya, Tanzania, Uganda, Rwanda, Burundi and South Sudan.
Janus Global Operations has been selected to provide risk management and security for the European Union organization working to help build maritime civilian law enforcement in Somalia.
The Coca-Cola Company and Anheuser-Busch InBev have announced today that they have completed the transition of AB InBev’s majority interest in Coca-Cola Beverages Africa.
Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa is bracing itself for a transport revolution as more countries embrace the onset of new technology.
After what it says is a thorough evaluation of the efficiency of its network to maximize productivity with the rollout of a new Winter Schedule, Kenya Airways has announced that it will discontinue flights to Hong Kong and Hanoi, Vietnam, from October 29, 2017.
Hyatt Hotels & Resorts plans to double the number of Hyatt hotels in Africa, with six new hotels expected to open by 2020.
US advisory firm has announced its entry into East Africa through collaboration with with Nexus Business Advisory Limited (Nexus), a tax, legal and business advisory firm based in Nairobi, Kenya.
At first glance, it might seem unlikely that South Africa’s Constitution could be instrumental in deciding a cargo dispute with its roots in a 40-year-long North African territory deadlock.
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.
Following an official request for support from the Government of Guinea-Bissau, the African Legal Support Facility has provided creditor litigation support and advisory services during outstanding debt negotiations with the Export-Import Bank of China.
Temenos, the software specialist for banking and finance, says that Cooperative Bank of Oromia (CBO) has gone live with its UniversalSuite.
[South Africa] Delta Energy & Communications partners with Mzansi Digital Republic Trust to boost energy, WIFI connectivity
Delta Energy & Communications, a network, smart grid, and big data company focused on providing connectivity around the globe has signed an agreement with the Mzansi Digital Republic Trust, a South African non-profit organization.
A Special Chamber of the International Tribunal for the Law of the Sea has determined the maritime boundary between Ghana and Côte d’Ivoire, adopting the boundary line claimed by Ghana and rejecting that proposed by Côte d’Ivoire.
The African Export-Import Bank is off to a successful listing of its depositary receipts (DRs) on the official market of the Stock Exchange of Mauritius.
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers.
Cost Plus World Market® has launched its latest focused collection of artisan crafts with CRAFT Africa Collection, in select stores and online.
Rx Healthcare Fund, an Africa-focused healthcare private equity fund currently under establishment, has announced that GE Healthcare is set to become an anchor limited partner in Rx.
Pointer Telocation Ltd. a developer and operator of Fleet and Mobile Resource Management solutions, announced that it has concluded an agreement for the purchase of the activity of a South African company.
Revenue losses from inefficient border procedures in some African countries are estimated to exceed 5% of the Gross Domestic Product.
The Board of Directors of the African Development Bank Group has approved a private sector multi-currency line of credit of US$100 million and 1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa.
Intelsat S.A., operator of the world’s first Globalized Network and leader in integrated satellite communications, announced the successful launch of the Intelsat 37e satellite aboard an Ariane 5 launch vehicle from the Guiana Space Center in Kourou, French Guiana.
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.
Siemens has signed a Memorandum of Understanding (MoU) with the Republic of Madagascar to cooperate and identify measures to fast track power generation in the country and work towards increasing capacity by an additional 300MW by 2019.
New AGCO agribusiness course to develop skills and strategic expertise to drive African agricultural prosperity
AGCO, a worldwide manufacturer and distributor of agricultural equipment, is a lead partner in a brand-new training program being established to develop the talent to fill vital junior management roles in African agriculture.
RESTANCE, Inc has announced a new Chief Executive Officer to lead the Company's East African Economic Development Strategy.
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 African Development Bank (AfDB) has sold its first “Industrialize Africa” theme Bond to Fukoku Mutual Life Insurance Company, the sole investor in the transaction, for $40 million.
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.
Wafacash and WorldRemit expand partnership to offer instant money transfers across West and Central Africa
Morocco-based financial services company Wafacash is scaling up operations with leading digital money transfer service WorldRemit to offer instant money transfers across West and Central Africa.
[Egypt] Islamic Corporation for Development of the Private Sector and Alfa Solar to part-fund construction of solar plant
The Islamic Corporation for the Development of the Private Sector and Alfa Solar have signed facility agreements for a US$28.5 million financing to part-fund the construction of a solar plant in Egypt.
The President of the African Development Bank (AfDB), Akinwumi Adesina, arrived in Niamey on Tuesday, September 26, 2017 for a two-day official visit to Niger, which began with a meeting with the Head of State, Mahamadou Issoufou.
Korea Institute of Science and Technology, four African universities partner to advance science and technology research
The Korea Institute of Science and Technology (KIST) has signed new agreements with four premier African universities to propel their research and PhD programs in applied sciences and technology.
Orolia, through its McMurdo brand, has been selected by Kenya to upgrade its aeronautical Search and Rescue (SAR) program with the latest Rescue Coordination Center (RCC) technology.
Johannesburg Stock Exchange expands product offering with listing of Satrix Quality South Africa ETF
The Johannesburg Stock Exchange (JSE) has expanded its product offering to investors with the listing of the Satrix Quality South Africa ETF (JSE: STXQUA). The new ETF will track the S&P Quality South Africa index.
Egypt is one of the largest beneficiaries of lending activities by the African Export-Import Bank (Afreximbank), with current total exposure standing at about $5.2 billion, the President of the Bank, Dr. Benedict Oramah, has said.
Central African mobile operator launches Evolving Systems customer acquisition and activation managed service solution
Evolving Systems, Inc, a provider of real-time analytics, customer acquisition and customer value management solutions and services, has announced that its Customer Acquisition and Activation Acceleration Managed Service has been launched at the central African unit
Erin Energy Corporation has said that the Special Chamber of the International Tribunal of the Law of the Sea in Hamburg issued its final judgement with regard to the maritime boundary dispute between Ghana and Côte d’Ivoire.
Elbit Systems Ltd has been awarded a $240 million contract to provide a wide array of defense electronic systems in Africa.
Global multinationals seeking to invest in Africa are no longer automatically opting to first dip their toes in South African waters before spreading their wings to the rest of the continent, but are increasingly setting up shop directly in the market they wish to enter.
[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 Malawi Enterprise Productivity Enhancement (MEPE) is set to open two cooking oil centers of excellence in Mchinji and Phalombe districts.
Oracle NetSuite, a provider of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites has expanded business operations in South Africa.
STRABAG SE, the publicly listed European-based technology group for construction services, has been awarded a bridge project in South Africa.
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.
Provider of operational intelligence solutions for the gaming industry VizExplorer has signed an agreement with Resort Co S.A.––its first customer in Africa.
Unilever has set up a new Africa Hub office as the latest move in an ongoing drive to grow its business across the African continent and help create a Brighter Future for Africa with its portfolio of iconic brands.
A study released by the Kenya Association of Manufacturers last month stated that Africa continues to be Kenya’s leading export destination accounting for 40.6 per cent of our exports.
The Case IH Training Academy, a new initiative to encourage best practice in Zimbabwean agriculture, has been officially opened by Matthew Foster, Vice President in charge of Agricultural Commercial Development for Europe, the Middle East and Africa.
The African Development Bank has joined partners from the African Union Commission, African governments, key United Nations agencies and development finance institutions to renew support for African countries’ industrialization.