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.
MainOne has launched a new colocation service, in addition to its connectivity solutions, to address the needs of businesses in Ghana seeking reduced IT infrastructure costs and improved efficiency via a shared services platform.
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.
Kaspersky Lab experts have discovered a backdoor planted in a server management software product used by hundreds of large businesses around the world.
OPEC Fund for International Development and Tanzania sign $18 million loan for 51 kilometer road project
OPEC Fund for International Development, OFID, and Tanzanian government have signed an $18 million public sector loan agreement for the Uvinza–Malagarasi Road Project.
Bolloré Logistics Zambia has been awarded the tender contract for the distribution of lubricants by TOTAL Zambia. The contract was awarded for a period of five years renewable.
A company, Grupo Sun Ocean Lda., formed by Sun Ocean Holdings Ltd., and QG African Infrastructure 1 LP has received formal approval from UTIP (Technical Unit for Private Investment) in Angola.
Nokia Networks in Egypt has revealed the company is working to provide the development and construction of mobile networks and infrastructure to Vodafone, Etisalat, Orange, and Telecom Egypt.
Fitch Ratings grants Moroccan reinsurer Societe Centrale de Reassurance Triple A rating with a stable outlook
Moroccan reinsurer Societe Centrale de Reassurance (SCR has been granted by Fitch Rating services local triple A rating (AAA) with Stable Outlook, reflecting its financial soundness and solvency of 202% Solvency Ratio for the year 2016.
A.P. Moller Holding has together with PKA, PensionDanmark and Lægernes Pension launched a new infrastructure fund with a focus on Africa. Ghana stands to benefit significantly from the funding in the medium to long term.
Vodacom has successfully acquired a 35% stake in Kenya’s Safaricom from its parent firm Vodafone Group for ZAR35 billion ($2.6 billion).
Angola Cables today took a step closer to completion of the South Atlantic Cable System at an official launch in Sangano, Angola. SACS is the first direct link between Africa and South America.
The leaders of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55 billion crude export pipeline that would pump Ugandan oil for international markets.
Uganda has picked a consortium including GE and Italian Saipem to build and operate the African country’s first oil refinery.
East Africa’s largest real estate project is rapidly taking shape as the region’s newest, most modern city. Although planned as a 20 to 25-year project, Kenya’s Tatu City is already beating its own infrastructure deadlines.
Fitch Ratings has affirmed the African Development Bank's (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook and Short Term IDR at 'F1+'.
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Capital Markets Authority (CMA) Kenya signed a Cooperation Agreement which provides a framework for cooperation to support financial innovation in each jurisdiction.
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
By the year 2030, almost two-thirds of the world’s population will live in cities. Urbanization is creating significant opportunities for social and economic development.
The Nigerian National Petroleum Corporation has said the West African Gas Pipeline would be extended from Ghana to Cote d’ Ivoire as part of the Federal Government West African energy integration policy.
The Federal Government has said it relies heavily on the Dangote refinery to fulfill its promise to Nigerians to end fuel importation by December 2019.
Sitarail and the governments of Côte d'Ivoire and Burkina Faso sign agreement to modernize rail transport
The Governments of Côte d'Ivoire and Burkina Faso and SITARAIL have formally signed an agreement that will lift the last conditions precedent to the entry into force of the revised concession agreement for the management and operation of the concession
Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa.
Marriott International announces new Sales and Marketing leadership team to support Middle East and Africa portfolio
Marriott International today announces the expansion and strengthening of its Sales and Marketing Leadership Team for Middle East and Africa.
Tigo Tanzania customers are now set to continue enjoying high-tech services following the announcement of a massive drive by the telecom operator to further modernize its network infrastructure.
Acting Nigerian President, Prof. Yemi Osinbajo has inaugurated a giant world-class fertilizer plant, built by Indorama Eleme Fertilizer and Chemicals Limited at a cost of $1.5 billion.
[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.
NEPAD Infrastructure Project Preparation Facility proposes regional information hub to stimulate investment in Africa
The NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) has advocated the establishment of a regional information hub to advertise bankable projects in Africa.
GE, the world’s Digital Industrial Company has announced a skill development partnership programme involving its GE Lagos Garage.
Africa’s diversity encompasses more than its landscape, it includes the political, economic, social, technological and environmental outlook, with each country and region having its own set of unique challenges and advantages.
The British Government has expressed its readiness to invest in pipeline infrastructure, renewable energy, gas and power of the Nigerian Oil and Gas Industry.
Labacorp Group has built a name and legacy in key economic sectors spanning real estate, agribusiness, manufacturing and construction among others. It oversees the activities of nine wholly owned-majority owned operating member companies
Guaranty Trust Bank has transformed the old Herbert Macaulay Library, Yaba, into a state of the art learning and recreation facility.
Microsoft’s announcement that it plans to build hyperscale datacentres in Cape Town and Johannesburg to deliver a range of cloud services is set to give a massive boost to enterprise adoption of infrastructure-as-a-service.
AfDB, Islamic Development Bank sign $ 2 billion deal to fund energy, SMEs, human development programs
The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen partnership at country level.
One of New Zealand's longest-running pioneering businesses, Gallagher Power Fence Systems Limited, has announced plans to expand operations in Kenya at Tatu City.
Endeavor Entrepreneur Amir Barsoum, co-founder and CEO of Vezeeta, has joined Endeavor Egypt’s Board of Directors
SNC-Lavalin Group Inc has announced that it has completed the acquisition of WS Atkins plc one of the world’s most respected consultancies in design, engineering and project management.
Building strategic partnerships for the development of the region’s road industry
Five hundred COMESA Virtual Trade Facilitation System (CVTFS) kits have been supplied to the government of Malawi to support trade facilitation.
Ethiopia is enlisting the cooperation of people in and around its forests to manage woodland better, hoping to protect the country from the effects of climate change.
East Africa continues to maintain its lead in regional growth in Africa reaching 5.3% in 2016 Real GDP growth. The economic success of Ethiopia is attributable to its desire to grow its economic base amidst structural challenges.
More than 160 out-of-school, unemployed or self-employed young women between the ages of 18 and 35 have graduated from the Junior Achievement South Africa Youth Enterprise Development Programme 2017.
As Kenya prepares for its General Elections in August, the government has outlined its fiscal strategy with further growth expected in the economy and several changes to tax laws established to support budgetary considerations.
The size of intra-African trade could be doubled from the current level of about $170 billion per year to almost $400 billion by addressing the issue of availability of market information on the continent.
Africa’s largest cargo operator, Ethiopian Airlines, has unveiled Cargo Terminal-II
The African Export- Import Bank, Afrexim is introducing a programe to support companies with proven intra-African trade experience and operations and with value chains spanning across countries.
The African Export-Import Bank has in Kigali signed agreements to provide financing facilities totaling $1.11 billion to support African entities engaged in intra-African trade.
Sheraton Hotels & Resorts, part of Marriott International, Inc. has announced the reopening of the iconic Sheraton Cairo Hotel & Casino a city landmark for more than four decades.
Rwanda has recommended the G20 for Compact with Africa, an initiative that supports reliable financial framework in order to increase investment opportunities.
The African Development Bank has called on financial markets to increase affordable loans and provide more diverse and innovative financing instruments to Africa’s MSMEs.
Economic Commission for Africa develops toolkit to help member states integrate Agendas 2030 and 2063
The Economic Commission for Africa (ECA) is developing a toolkit that will help African countries develop an integrated approach in implementing the 2030 Agenda for Sustainable Development (SDGs)and Agenda 2063, Africa’s 50-year development plan.
Finland has expressed its readiness to construct a cyber-security system in Nigeria and establish new ICT services in the country.
MTN Cameroon, leading company in the telecommunications sector, announces the inauguration of the MTN Kribi Service Centre on 28 June 2017.
The World Bank has approved supplemental financing of $16.36 million for the Third Poverty Reduction Support Development Policy Operation for Liberia.
Djibouti has opened the Port of Goubet with the main aim of making it a key terminal for salt exportation.
Liquid Telecommunications Financing PLC, part of the pan-African telecoms group Liquid Telecom, has announced its intention to launch a $700 million bond and term loan financing package.
Kenya Association of Manufacturers in partnership with KAIZEN Institute has hosted the 13th KAM- KAIZEN Event, to equip business leaders with techniques to maintain sustainable continuous improvements in processes.
There are benefits that mineral-endowed countries in Africa could accrue from intensifying their cooperation with Chile, the world’s biggest copper producer and a country.
Africa's rapid growth and urbanization will require stable local governments to deliver goods and services to billions of people.
Global trade enabler DP World and Masdar, Abu Dhabi’s renewable energy company, have signed an agreement to collaborate on clean energy solutions for DP World’s portfolio of ports in Africa and Middle East.
COMESA has recruited and deployed 14 Trade Information Officers to facilitate cross border trade along the eastern border of the Democratic Republic of Congo.
Incubator for Integration and Development in East Africa launched to support citizens and partners of integration
The Incubator for Integration and Development in East Africa (IIDEA) developed as a joint initiative between the EAC Secretariat, Regional Dialogue Committee (RDC), and GIZ has been launched.
The African Development Bank has approved a $1million African Private Sector Assistance Fund (FAPA) grant to the Government of Mozambique to finance the Nacala Corridor Business Linkages Technical Assistance Project.
Djibouti has unveiled the Doraleh Multipurpose Port (DMP), the country’s latest mega project.
African Property Group is launching eight new websites in emerging African nations that will allow the populations to search for properties, using their computers or mobile phones.
The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity has started gaining momentum with an Indonesian firm, PT Intim Perkasa.
Bolloré Logistics Nigeria has been handling a warehouse management contract to run Unilever Nigeria Plc.’s 16,290 sqm warehouse since September 2016.
The World Bank has launched collateral registry in Sierra Leone, an innovative financial tool that will allow smaller businesses to use movable assets like machinery to access loans, helping them grow.
On June 19, 2017, ROSATOM State Atomic Energy Corporation and the Ministry of Science and Technology of Ethiopia signed the Memorandum of Understanding on cooperation in peaceful uses of atomic energy.
Uganda and China have signed a Memorandum of Understanding three proposed investment projects ranging from trade, agriculture and transport.
Civil Aviation technical experts from the COMESA region have agreed on the implementation of the regional Seamless Upper Airspace project.
[Nigeria] MainOne launches plan to become largest internet hub in West Africa with Open-Connect Service
Following the partnership of MainOne’s Data Center company with the Nigerian Internet Exchange to improve national transit traffic in Nigeria, the company has announced a new interconnect service for carriers.
GE in $575 million agreement with Ministry of Transportation and Egyptian National Railways to transform rail infrastructure
General Electric has announced that it has signed a deal worth $575 million meant to transform Egyptian rail transport.
The U.S. Chamber of Commerce’s U.S.-Africa Business Center has released its Investor Confidence Indicator for Africa (ICIFA). The tool is created to support business investment and government policy decision making on the continent.
[South Africa] DBSA secures $200m loan from Standard Chartered for key infrastructure projects in Africa
Standard Chartered Bank has signed a $200 million term loan to the Development Bank of Southern Africa, DBSA.
Tunisia receives $500 million credit facility to improve business environment and ease access to finance
The World Bank Board has approved the Business Environment and Entrepreneurship development policy loan to support the Tunisian government's continued efforts to promote stronger and more inclusive growth.
[Column] Bob Koigi: Awakening the giant: How Ethiopia overtook Kenya to become East Africa’s economic power house
Kenya has traditionally held the enviable position of being the East African economic behemoth. But tables have now turned, and in a dramatic way.
IFC, a member of the World Bank Group, today announced an investment of $4.5 million in the Medical Credit Fund, part of the PharmAccess Group, to increase access to quality healthcare in Africa.
ECOWAS Member States to agree on regional investment climate scorecard to unlock investment in West Africa
The Economic Community of West African States (ECOWAS) and the World Bank Group will co-host the ECOWAS Investment Climate Scorecard Roundtable in Lagos, Nigeria.
Ethiopia and the world's newest nation South Sudan are to develop joint infrastructure development projects that would help create regional economic interconnection.
[Nigeria] 371, 000 Internally Displaced Persons to benefit from Dangote Foundation’s donation in Borno
Africa’s foremost businessman, Aliko Dangote has donated food items worth more than N200 million to the people of Borno state.
The African Export-Import Bank will explore ways to support the development of the cotton value chain across the West Africa region.
The Department of Trade and Industry (the dti) and the United Nations Development Programme (UNDP) have partnered to implement trade and regional industrialization programmes.
The International Institute of Tropical Agriculture expands research investment with 205.5 hectare research farm in Nigeria
As the International Institute of Tropical Agriculture (IITA) marks its 50th anniversary, the Institute today inaugurated a new research station in Ago-Owu in Osun state, Nigeria.
The Nigerian Content Development and Monitoring Board and Dangote Group, have commenced collaborations towards ensuring maximum utilisation of local capacities in the construction of the company’s 650,000 barrels per day refinery.
[Column] Brett Parker: How homegrown innovation is solving many of Africa's most pressing challenges
By now, I am convinced that you have heard of M-Pesa, the popular and often-cited mobile banking system that has become Africa's innovation calling card.
Lack of education and mismatched skills remain major obstacles to Africa’s development agenda, African Union
The African Union Commission cautions that the future of Africa’s economic growth and the future of millions of Africans, is in jeopardy, if the underlying issues that hinder development are not adequately addressed.
During the Africa Energy Forum, the U.S. Trade and Development Agency signed a grant aimed at increasing electricity access in Zambia.
Kenya Association of Manufacturers has launched its Technical and Vocational Education and Training (TVET) programme in Mombasa as part of the organization’s goal to bridge the skills gap in the country.
The Board of Directors of the African Development Bank Group (AfDB) has approved a €5 million equity participation in Investisseur & Partenaire pour le Développement 2 (IPDEV.2), to support Small Growing Businesses (SGBs) in Sub-Saharan Africa.
On Saturday 10th June, the debt review industry will be holding it’s breath to see who the big winners in this year’s Annual Debt Review Awards will be.
Nineteen coastal countries stretching from Senegal to Angola have started working together in a joint effort at fighting crime at sea.
Huawei, a leading global Information and Communications Technology (ICT) solutions provider, announced recently that the railway operational communications network it built for Kenya's Mombasa-Nairobi rail project was put into commercial use.
The World Bank approved has approved $150 million International Development Association credit for Transport Sector Improvement Project (TSIP) in Ghana.
With its total trade topping $1 trillion in 2016, Africa is increasingly moving to the centre stage of global trade, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), has said.
Nigerian National Petroleum Corporation Group Managing Director, Dr. Maikanti Baru, has said that the corporation’s recently re-commissioned Mosimi and Kano depots have impacted positively on highways across the country.
From the US to Thailand, the Caribbean and Kenya, this past month alone has seen countries across the world hit by devastating encounters with flooding.
IOX Cable and Alcatel Submarine Networks to build first open cable connecting Mauritius and Rodrigues Island to South Africa and India
IOX Cable Ltd, a Mauritius-based company, and Alcatel Submarine Networks , part of Nokia, have signed a turnkey agreement for the deployment of the IOX Cable System.
For any economy to attract investments, it must be able to earn and maintain investor trust. Local and foreign investors gain confidence to trade in a business environment that guarantees a stable and predictable macroeconomic framework for businesses.