Nigeria based logistics and distribution firm Courier Plus has opened a Nairobi branch as it mulls expanding to other countries in the region to sate the growing demand for logistical services.
TradeMark East Africa has proposed the need to adapt its engagement in Burundi by investing in projects that strengthen new export potential value chains, enhance cross border trade and increase the country’s participation in the regional market.
MTN and Huawei have partnered to bring the first LTE Licensed Assisted Access (LAA) network in Africa. LTE LAA is an evolution of the LTE-Unlicensed mobile technology, which enables LTE to utilise unlicensed spectrum to significantly enhance network capacity.
Angola Cables completes system connecting Africa and the Americas to create new route for Internet traffic
Taking a step closer to completing a valuable new route for the global telecommunications sector, Angola Cables today announced the completion of the marine survey for the South Atlantic Cable System (SACS), as well as the start of cable loading on the Angolan side of SACS.
The African Development Bank Group (AfDB) Director-General for the West African Region, Janvier Litse visited the Republic of Benin from 10 to 12 April 2017 as part of a dialogue mission with the country's authorities.
AfDB provides $10.61m supplementary loan to rehabilitate and expand electricity distribution networks in Juba, South Sudan
The Board of Directors of the African Development Bank Group (AfDB) approved an African Development Fund (ADF) supplementary loan of US $14.57 million to rehabilitate and expand the distribution networks in Juba, South Sudan.
Africa has a bright future ahead of it. Productivity and growth will improve as African economies continue to place more emphasis on services and manufacturing, pursue commodity production, and achieve quick gains in agriculture and light industry.
An additional 16 government agencies involved in clearing international trade documents will be linked to the Uganda Electronic Single Window (ESW) as phase two of the system commences.
Ethiopia, China and the United Nations Industrial Development Organization (UNIDO) have agreed to strengthen collaboration on investment promotion, industrial parks development – including the Adam Industrial Park – and the upgrade of technical and vocational education and training.
Despite being the fastest growing sub-region of the continent with an economic growth rate of 6.7 per cent, second in the world to East Asia, East Africa is lagging behind in terms of its structural transformation.
Notwithstanding the negative growth recorded in 2016, the real estate sector is expected to grow at an average rate of 5.39 per cent between 2017-2020.
Two weeks to the opening of the Abuja airport runway to traffic, the Minister of State, Aviation Sen. Sirika Hadi Sirika, has said the runway is 75 percent completed.
The amount of businesses embracing an online strategy is driving an urgent review of legacy infrastructure according to Michele McCann, business development manager, Teraco.
Marriott International, Inc. has announced its first property in Kenya with the opening of Four Points by Sheraton Nairobi Hurlingham. Owned by Kamcan Properties Limited, the hotel is strategically located in the upmarket suburb, close to the city center
The Executive Board of the International Monetary Fund (IMF) has approved a three-year arrangement under the Extended Credit Facility (ECF) for Benin for an amount of $ 151.03 million, or 90 percent of Benin’s quota to support the country’s economic and financial reform program.
TradeMark East Africa (TMEA) has signed a Memorandum of Understanding with Democratic Republic of Congo (DRC) to facilitate projects that will improve cross border trade and enhance trade links between the country and East Africa Community member states.
Over 500 high-level delegates from Morocco and Rwanda gathered in Rwanda for the African Business Connect 2017 which has seen the signing of key agreements including between the National Federation of Electricity and Renewable energy and private developers within the renewable energy sector in Rwanda.
The Kenyan cabinet has approved the creation of the Nairobi Metropolitan AreaTransport Authority, key to removing the capital’s traffic gridlock and unlocking its vast economic potential.
"The authorities should advance rapidly with critical reforms aimed at translating investment into strong, inclusive, and job-creating growth," says the IMF’s mission chief for Djibouti Eric Mottu.
The Informal Economy, or if you have a penchant for the more colourful descriptor, the “Shadow” or “Grey” Economy, is typically the term used to refer to the portion of a country’s economy that transact exclusively in cash
The Government of Madagascar faces an International Labour Organization (ILO) complaint over its treatment of 43 dockworkers who were sacked for joining a union.
The World Bank’s Executive Board has approved a new $150 million project to increase the efficiency of trade logistics in Ethiopia.
The Board of Directors of the African Development Bank (AfDB) has approved a $450 million trade finance package for the African Export–Import Bank (Afreximbank).
International Finance Corporation, a member of the World Bank Group, and the OPEC Fund for International Development (OFID) today announced an investment of $10 million each in Metalco Industries Company Limited, a Zambian company that recycles metal scrap to manufacture copper cables, lead-acid batteries, aluminum sheets and utensils.
The European Investment Bank (EIB) has pledged new support for Kenya’s projects in the power and transport sectors. With Cabinet Secretary for the Treasury Henry K. Rotich, the signature of a connectivity project was announced.
The African Development Bank Group (AfDB) approved $253.0 million of loans to the Governments of Kenya $147.3 million and Uganda $105.7 million for the upgrading of 118 km road section connecting the two countries as well as the construction of the 32 km Eldoret town bypass, in Kenya
The European Investment Bank has signed two new credit lines for East-Africa for a total of approximately $100 million to be made available through Equity Bank and HFC Limited to support smaller local projects in Kenya, Tanzania, DRC and Uganda.
The much anticipated railway line in Rwanda will delay until 2030 – East African Legislative assembly members meeting in Kigali have said.
The African Development Bank top Executive in charge of the African Natural Resources Center Amani Abou-Zeid was elected African Union Commissioner for Infrastructure and Energy at the latest AU Summit in the Ethiopian capital Addis Ababa.
China Railway, one of the major companies operating in infrastructure construction and manufacturing of engineering equipment and components, is opening an office in Tunisia
Aliko Dangote is presently the owner of the largest crawler crane in Africa. The businessman bought the crane from Chinese construction company, XCMG Construction Machinery Co Ltd, a Company dealing in heavy machineries.
Financial services group Sanlam is set to announce further investment in Zimbabwe’s Masawara Insurance, increasing its stake in the company beyond the 40 percent it holds.
New carrier Djibouti Shipping Lines (DSL) is planning to launch a container shuttle service in April connecting Djibouti to Berbera (Somaliland), according to reports.
A report commissioned by the Kenya Association of Manufacturers in partnership with Suppliers Association of Kenya and Retail Trade Association of Kenya, Retrak has been hailed as key in assisting the sector in regulation.
Sophia Genetics global leader in Data-Driven Medicine has unveiled the list of African hospitals that have started integrating SOPHiA, the company’s artificial intelligence, into their clinical workflow to advance patients’ care across the continent.
Marriott International to debut Aloft Hotels in Mauritius with signing of the brand’s first adaptive re use project in Africa
Marriott International, Inc. has announced plans to launch its cutting-edge Aloft brand in the capital city of Mauritius with the signing of Aloft Mauritius Port Louis. Slated to open in early 2019, the hotel will be the brand’s first adaptive reuse project in Africa.
VOSS Water Norway partners with Voss Foundation to promote clean water, sanitation and hygiene initiatives in Sub-Saharan Africa
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 Plc has constructed seven hand pump water boreholes in Bebi Community, Obanliku Local Government Area (LGA) of Cross River State.
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.
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
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.
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.
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 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.
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.
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.
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.
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
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.
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.
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 has celebrated the reopening of Elandsfontein Intermodal Terminal saying it would enhance the competitiveness of the rail system in the country.
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.
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.
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 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
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.
A new United Nations Industrial Development Organization (UNIDO) project will develop an entrepreneurship curriculum for senior secondary schools in Nigeria.
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.”
The World Bank has approved a $145.5 million loan to the Republic of Botswana for the Emergency Water Security and Efficiency Project.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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 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 has received $620,00 for the construction of a modern bus station in Southern Province’s provincial capital Choma.
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.