By 2035, half of Africa's population will be urban, compared to just one third in 1990. This rapid urbanization creates growing challenges in terms of infrastructure and services’ needs, but it can also be a driver of industrial development on the continent, under the right policy framework.
QGIAM, the private equity arm of Africa focused investment firm Quantum Global has announced that on behalf of their investors, the sale of its interest in Savannah Cement, a leading Kenyan cement producer, has been completed.
The newly launched Mozambique Country programme by UNIDO has been lauded by the country’s Minister of Industry and Commerce, Max Tonela saying it would establish “the conditions to stimulate structural transformation."
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.
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.
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.
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.
SITA is providing its passenger and baggage processing technology as well as its airport management solutions to Ghana’s new Terminal 3 at Kotoka International Airport in Accra, helping cement the airport’s position as a vital regional hub.
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 $110 billion, could be a major source of funding for key infrastructure projects across the continent if properly harnessed.
International Islamic Trade Finance Corporation and National Company of Transports and Logistics in bid to bridge Morocco, Sub Sahara Africa gap
African Development Fund approves US$ 141 million credit risk participations under Private Sector Credit Enhancement Facility
The Board of Directors of the African Development Fund (ADF) have approved a credit risk participations in eight loans cumulatively valued at US$ 141 by the Private Sector Credit Enhancement Facility (PSF).
CityBlue Hotels has announced its first property in Kenya with the opening of the CityBlue Creekside Hotel & Suites, Mombasa.
The hotel sector in Sub-Saharan Africa has evolved during the past decade due to high demand growth, entrance of new global brands and increasing supply in major markets.
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).
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).
African conferencing facilities are becoming more than just venues for local gatherings and are now attracting major international events.
Globally, as much as 35% of all treated water is lost to leaking piping systems with South African levels reaching as high as 60%.
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.
Hilton has committed a total of $50 million over the next five years towards the Hilton Africa Growth Initiative to support the continued expansion of its Sub-Saharan African portfolio.
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.
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 will provide financial and advisory support to Burundi to facilitate the development of the energy, mining, tourism and agriculture sectors to contribute to the country’s economic recovery.
World Bank Board approves over $20m for Seychelles’ Sustainable Fisheries and Marine Resources Conservation
The World Bank has approved a package of over $20 million for the Republic of the Seychelles to improve the conservation of its marine resources and expand seafood value chains.
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.
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 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.
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.
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.
The overarching goal of the Common Market for Eastern and Southern Africa (COMESA) cluster development approach is a modern business value creation method of effecting positive social and economic changes through enriching the culture of innovation
STRABAG SE, the publicly listed European-based technology group for construction services, has been awarded a bridge project in South Africa.
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.
Mauritius Telecom signs agreement to use IOX Cable System to enhance global Internet connectivity in Mauritius
IOX Cable today announces that Mauritius Telecom has signed an agreement as an anchor tenant for ultra high speed connectivity on the IOX Submarine Cable System.
TheAfrican Export-Import Bank has embarked on a concept to transform its buildings into iconic business complexes with integrated one-stop trade services shop, the President, Dr. Benedict Oramah, has announced in Harare.
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.
The Nigerian National Petroleum Corporation (NNPC) will accelerate local capacity development in all its operations within the nation’s Oil and Gas industry.
The Wide World Fund for Nature and the African Development Bank have joined forces to advance the work of the Africa Nationally Determined Contributions Hub in addressing the impacts of climate change on the continent.
Kapsch TrafficCom’s joint venture with Zambian Lamise Trading Limited has been awarded a nation-wide concession contract by the Zambian Government .
The Management of Dangote Industries Limited has launched a passionate appeal to members of the public to assist in monitoring both the recklessness and the illegal haulage of contraband goods by some of its truck drivers.
Africa is a place of real business opportunity that the world should be alive to. I know, having built businesses that now operate in 20 African countries and through creating a program over 10 years that is funding and mentoring 10,000 African entrepreneurs.
Infinix is about to sign an agreement with Telecom Egypt to supply the company with smartphones. Infinix business development manager Ahmed Wagih said negotiations are at an advanced stage.
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.
The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, has signed an MOU with the Government of Burkina Faso to supply the West African country with LNG and build critical infrastructure to import, store and transport gas.
The Danish Government will guarantee a 10 per cent equity financing of a Joint Venture Company involving the Nigerian National Petroleum Corporation (NNPC) and a Danish firm, Unibio A/S Limited.
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 financial service provider has picked cyber security and applications delivery solutions company Radware® to protect its infrastructure from cyber-attacks with Radware’s Hybrid Attack Mitigation Solution,
Guiness Nigeria PLC has made a raft of executive appointments as it seeks to bolster the strong performance in the market.
Asoko Insight, African company information repository, is proud to announce its selection to the World Bank’s XL Africa acceleration program.
CNN inside Africa in its latest report has explored the traditions of the Dhow sailboat and the generations of craftsmen who have been building them in the Kenyan coastal town of Lamu.
It is now possible to own an Internet address, or domain name, ending with .africa. Already, more than 8000 of the continent’s and world’s biggest brands, businesses and individuals have registered for this exciting new Internet address
IOX Cable has announced that they will be expanding their reach to now Include La Reunion as part of its construction of a new state of the art Submarine Cable System.
Five years on: Syngenta’s Africa ambition bearing fruit, but access to technology by small farmers remains limited
In 2012, following the G8 in Camp David, USA, Syngenta announced an ambitious ten-year growth plan for our African business. This year marks the midway point in our African growth journey.
RippleNami, Inc., provider of the only blockchain map-based data visualization platform, announces a partnership with Data Edge Revenue, a Freetown, Sierra Leone-based systems integration company focused on advancing digitization in West Africa.
Global provider of network test, monitoring and assurance solutions VIAVI Solutions and Westcon-Comstor have announced the extension of their partnership to Africa, Middle East and Europe.
Bolloré Logistics in South Africa has partnered with Clarins South Africa for a value-added warehousing solution.
Nigerian logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than the preceding year.
This week marks the World Water week, an important journey as the world debate, compare notes and develop solutions to some of the most biting water related challenges of our time.
Kenya Ports Authority bets on modern diesel electric cranes to bolster efficiency in handling cargo at Mombasa Port
Kenya Ports Authority’s (KPA) equipment acquisition efforts for the Port of Mombasa has received a major boost following the arrival of two ultra-modern diesel electric cranes.
Africa Logistics Properties has signed a 10-year lease for 14,000 square metres with Freight Forwarders Solutions Ltd, the contract logistics arm of the leading regional logistics group Freight Forwarders Kenya.
Parity, a Sage Platinum Reseller, implemented Sage X3 Fast Start for Lutramart Oils – an independent oil and lubricants company in a period of 21 days.
Transnet National Ports Authority’s new, fully integrated ecommerce platform has gone live
UBUCOM decided to choose Bolloré Logistics Tanzania as its logistics partner for the transportation of 1,298 MT of iron coils to Burundi.
[Zambia] AgDevCo invests $5 million in Katito Farming to stimulate investment in agricultural value chain
AgDevCo, a social impact agribusiness investor, has invested $5.05m investment into Katito Farming Enterprises Limited (Katito).
The future of Namibia is tied to how agile we are when it comes to embracing the right technology and fostering a new, savvy, leadership pool in Namibia.
A strong infrastructure base is critical for Africa’s economic transformation, Economic Commission for Africa’s Sylvian Boko has said.
Micro, Small and Medium enterprises have a huge potential to create long lasting social value especially because their business models, products and proximity caters for the everyday needs of the larger part of our population.
Britam Holdings total comprehensive income for the first six months of the year has increased to Shs1.9 billion compared to Shs1.88 billion for a similar period last year.
Bolloré Logistics has been chosen to provide logistics services to Ibecor, a Heineken affiliated company supplying breweries in Africa and Middle East.
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.