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30-10-2014 23:52:00 | by: Default Admin User | hits: 4465428 | Tags:

VOSS Water Norway partners with Voss Foundation to promote clean water, sanitation and hygiene initiatives in Sub-Saharan Africa
23-03-2017 | 06:30:00
Over 300 million people in Sub-Saharan Africa lack access to clean water which is approximately the same as the population of the United States.
Guinness Nigeria marks World Water Day by unveiling seven new boreholes in Cross River State
22-03-2017 | 14:29:00
Guinness Nigeria Plc has constructed seven hand pump water boreholes in Bebi Community, Obanliku Local Government Area (LGA) of Cross River State.
Dangote Group to launch fundraising for The Africa Center in New York City
22-03-2017 | 07:12:00
Halima Aliko Dangote was recently appointed the president of The Africa Center in New York City (with the major responsibility of raising capital for the center. The goal is to raise funds to complete the center building in New York.
World Bank Approves $200m Emergency Support to North East Nigeria
21-03-2017 | 11:13:10
The World Bank’s Board today approved a $200 million credit to support the Government of Nigeria’s response to the acute humanitarian and forced-displacement crisis triggered by the Boko Haram conflict in North East Nigeria. T
[Kenya] Ban on plastic bags will cut jobs and affect livelihoods, Kenya Association of Manufacturers
21-03-2017 | 06:25:16
Kenya Association of Manufacturers (KAM) has stated that local manufacturers were not consulted on the impending ban of plastic bags following the ban to use, manufacture and import all plastic bags.
Afreximbank and TDB close $500 million syndicated loan facility for Kenya
21-03-2017 | 06:16:42
The Trade Development Bank (TDB), formerly known as PTA Bank, and the African Export-Import Bank (Afreximbank) have closed a $500 million dual-tranche syndicated loan facility for the Government of Kenya which acted through the country’s National Treasury.
World Bank Group announces record $57 Billion for Sub Saharan Africa
20-03-2017 | 13:01:23
Following a meeting with G20 finance ministers and central bank governors, World Bank Group President Jim Yong Kim today announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years.
Garmin and MTN Nigeria partner to introduce a range of world class health and fitness devices
20-03-2017 | 10:12:41
Garmin in collaboration with MTN Nigeria partner to introduce a range of world class health and fitness devices to help boost fitness standards while maintaining a healthy lifestyle.
[Kenya] Nairobi among leading African destinations on the Fortune 500 list, Infomineo report
17-03-2017 | 10:19:21
The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 countries, according to a new report released by Infomineo, a global business research company specialising in Africa and the Middle East.
Analysis of key sectors of Egypt: Business opportunities and trends
17-03-2017 | 06:47:04
Egypt is one of the fastest growing and most promising economy in Africa. Egypt's high growth rate in recent years was driven by high international tourist inflow, growth in trade & logistics and ICT market. Egypt GDP is growing at a moderate rate of 4.3% in 2015.
Government reviving Kenya National Shipping Line to tap $3 billion potential
15-03-2017 | 15:02:00
The Government has announced plans to revive the Kenya National Shipping Line that has the potential to contribute $3 billion into the country’s economy annually.
Johnson & Johnson opens regional offices in Ghana and Kenya
15-03-2017 | 06:50:33
American pharmaceutical and consumer packaged goods manufacturer has set up shop in Nairobi Kenya and Accra Ghana representing a novel approach to how Johnson & Johnson seeks to develop partnerships, products and service delivery models that address neglected and emerging health issues.
[Somaliland] Africa Water Facility sinks $3.2 million to build climate change resilience and reduce water stress
15-03-2017 | 06:32:05
The African Water Facility (AWF) has held a launching ceremony and workshop to officially kick-start the Water Resources Management and Investment Plan project for Somaliland.
Five African cities remain in top 100 rankings in quality of living , Mercer ranking
14-03-2017 | 13:33:00
Despite increased political and financial volatility in South Africa, its cities fell within the top 100 of the world’s highest quality of living and remain attractive destinations for expanding business operations and sending expatriates on assignment, according to Mercer’s 19th annual Quality of Living survey.
IFC and CDC invest $35 million to support Kenya’s economy through modern warehousing development
14-03-2017 | 10:15:00
International Finance Corporation, and CDC Group, the UK’s development finance institution, will invest up to $35 million in Africa Logistics Properties Holding (ALP), a developer and manager of modern, grade-A warehousing, filling an important gap in logistics infrastructure in the region.
South Africa bets on reopening of terminal to boost rail competitiveness
14-03-2017 | 06:45:00
South Africa has celebrated the reopening of Elandsfontein Intermodal Terminal saying it would enhance the competitiveness of the rail system in the country.
[Column] Ehiedu Iweriebor: Liberated Africa: Pathways to self transformational development
13-03-2017 | 12:49:00
In the period since independence in the 1950s, Africa has undergone profound social, cultural, economic and political changes. Some inherited and historically rootless colonialist political and social systems have collapsed, been transcended and reconstituted.
World Bank commits $150 million to enhance social programs and support small enterprises in Morocco
13-03-2017 | 08:10:06
The World Bank’s Board of Executive Directors have approved today a $150 million financing in support of the Moroccan government’s goal of modernizing its national identification system and provide financing to promote innovative startups and job creation.
Nine African countries commit to protect Congo Basin with Blue Fund
10-03-2017 | 08:19:43
Ministers from nine African nations (Morocco, Angola, Burundi, Central African Republic, Chad, Democratic Republic of Congo, Gabon, the Republic of the Congo and Rwanda) have today gathered in Oyo at the invitation of the President of the Republic of the Congo to sign a Memorandum of Understanding on the creation of the Congo Basin Blue Fund.
East Africa Metals closes $5.2 million non-brokered private placement
09-03-2017 | 15:24:52
East Africa Metals Inc has announced the closing of a $5.2M private placement with Shandong Tyan Home Co., Ltd. , a Chinese listed public company. The private placement will finance ongoing exploration and project development activities at the Company's Harvest and Adyabo projects, located in the Tigray region of the Federal Republic of Ethiopia.
Togo Ministry of Health, Samsung and Vision Togo partner to bring state-of-the-art medical facilities to Togo
09-03-2017 | 10:39:00
At least 24 villages in the Kara region are expected to benefit from a new health initiative spearheaded by Samsung, the Togo Ministry of Health and Vision Togo.
New entrepreneurship curriculum to help Nigeria industrialize
08-03-2017 | 14:30:00
A new United Nations Industrial Development Organization (UNIDO) project will develop an entrepreneurship curriculum for senior secondary schools in Nigeria.
[South Africa] Stowaways activity increases in Port of Durban, one of the busiest ports in Africa
07-03-2017 | 06:19:00
South Africa's Merchant Shipping Act refers to stowaways as follows: “No person shall go to sea in a ship without the consent of the owner, master, a ship’s officer or some other person entitled to give that consent, or secrete himself for the purpose of going to sea without that consent.”
[Botswana] World Bank Approves $145.5m to Improve Water Availability in Drought Vulnerable Areas
06-03-2017 | 10:30:00
The World Bank has approved a $145.5 million loan to the Republic of Botswana for the Emergency Water Security and Efficiency Project.
Research advocates for new approach to youth employment training strategies in Africa
03-03-2017 | 16:10:07
Innovative research released by The MasterCard Foundation is making the case for a new approach to youth employment training strategies in Africa. Invisible Lives: Understanding Youth Livelihoods in Ghana and Uganda sheds light on the working lives of African youth.
Improving conditions for people and businesses in Africa cities key to growth, study
03-03-2017 | 13:56:00
Africa’s cities are growing in population – adding the size of another Nigeria to cities by 2025 – so have a critical role to play in their countries’ economic growth, says a new World Bank report.
[Column] Ehiedu Iweriebor: Africa challenges to Africa development
03-03-2017 | 11:22:19
The parlous story of African economic and social development since independence best expressed in the failure to achieve the autonomous capacity for self-actuated development and in particular to create conditions of national and continental modern mass production and prosperity is well known and need not be repeated.
South Africa set to launch one stop shop to address regulatory inefficiencies
02-03-2017 | 16:30:16
South Africa has announced it is set to launch the Invest South Africa One Stop Shop to provide strategic guidance, reduce regulatory inefficiencies, and reduce red tape for all investors looking to invest in South Africa.
[Tanzania] Seven cities get support to scale up and modernize infrastructure
01-03-2017 | 07:04:25
Residents of seven rapidly urbanizing cities in Tanzania will benefit from funding to scale up infrastructure investments and promote growth, the World Bank Group has announced.
[Kenya] Freight in Time targets region with new office
28-02-2017 | 08:08:35
Freight in Time, a global logistics company which is the authorized services contractor of global logistics company UPS has set shop in Kenya’s coastal town of Mombasa as it seeks to grow foothold in the region.
[Kenya] Bank borrowing to rise sharply in 2017, Metropol outlook
24-02-2017 | 10:24:00
Kenyan economy is predicted to grow at 6.5 per cent in 2017 from an estimated 5.9 per cent last year driven largely by a historic spike in borrowing this year driven by government and private sector as the capping works itself out according to the latest forecast by Metropol Corporation.
[Morocco] Ithmar Capital partners with Ghana investment Fund to deepen investment across Africa
21-02-2017 | 06:31:46
The Moroccan sovereign wealth fund Ithmar Capital and Ghana Infrastructure Investment Fund (GIIF) have concluded a strategic partnership to explore co-investment opportunities in many areas and in several African countries.
[Ghana] Over 5,000 jobs to be created from construction of $1.5 billion Tema port project
16-02-2017 | 10:20:00
Construction work has begun on the new $1.5billion container terminal at the Port of Tema in Ghana at the start of January. The terminal will directly create 5,000 jobs.
Egypt spearheads project connecting 10 African countries via Nile Shipping Line
15-02-2017 | 05:52:36
By 2024, a 4,000 kilometers waterway will connect 10 African countries, stretching between Lake Victoria and the Mediterranean Sea. An Egypt-led project, the navigational shipping line is to be established along the Nile River for small and medium-size commercial vessels to boost bilateral trade.
Improving conditions for people and businesses in Africa cities key to growth, report
10-02-2017 | 06:33:00
Africa’s cities are growing in population, adding the size of another Nigeria to cities by 2025, so have a critical role to play in their countries’ economic growth, says a new World Bank report.
Kenya floats 12 year bond to fund infrastructure
10-02-2017 | 06:27:15
Kenya has floated treasury bond worth $288 million to fund infrastructure projects coming two weeks after it cancelled a similar bid, Central Bank has said.
Zambia modern bus station project receives $620,000 boost from Germany
09-02-2017 | 16:04:42
Zambia has received $620,00 for the construction of a modern bus station in Southern Province’s provincial capital Choma.
Ethiopia set to receive $250 million loan from China after parliamentary approval
08-02-2017 | 16:22:00
Ethiopia's parliament has approved a $250 million loan agreement made with China's Export-Import (Exim) Bank to finance major infrastructure construction in the country.