News

African Development Fund Approves $2 Million Technical Grant to boost electricity reforms

06-29-2022 | 08:58:00
The Board of Directors of the African Development Fund approved a technical assistance grant of $2 million to fund research that will contribute to electricity reforms in the Economic Community of West African States (ECOWAS).

[Egypt] SDX spuds MSD-23 well, commences production from MSD-24 well at West Gharib

06-29-2022 | 08:55:00
SDX Energy, the MENA-focused energy company, announced the spudding of the MSD-23 infill development well at the Meseda Field, West Gharib concession, Egypt.

Ecobank named best trade finance bank in West Africa

06-29-2022 | 08:22:53
Ecobank, the leading Pan-African Banking Group, has been named ‘Best Trade Finance Bank in West Africa’ at the prestigious Global Trade Review’s Leaders in Trade awards.

IFC and Egyptians for health care services partner to develop large medical hub in Egypt

06-29-2022 | 08:09:50
IFC partnered with private healthcare developer Egyptians for Health Care Services (EHCS) to support the construction and operation of CapitalMed, a sprawling medical hub on the outskirts of Cairo that will improve healthcare services in the country.

IFC, ICMA, UNGC, UNEP FI, and ADB announce coalition to support the Blue Economy

06-29-2022 | 08:02:00
IFC, a member of the World Bank Group, together with four of the top international organizations announced their commitment to develop guidelines that would provide the global market consistency and transparency in financing the blue economy.

Kazera Global to acquire majority stake in Kenya's Great Lakes Graphite

06-28-2022 | 13:17:21
Kazera Global announced the signature of Binding Heads of Terms for the proposed acquisition of a 71% interest in Great Lakes Graphite, which owns 100% of 3 exploration licenses covering the Homa Bay and Buru Hill Rare Earth Elements in Kenya.

National Bank of Egypt opens its first branch in South Sudan

06-28-2022 | 11:50:00
The National Bank of Egypt today opens its first branch in Juba, South Sudan with a capital of $30m.

BP awarded new offshore exploration block in Egypt

06-28-2022 | 11:45:41
Oil major BP has today announced that it has been awarded an offshore exploration block in Egypt following its successful participation in last year’s limited bid round organised by the Egyptian Natural Gas Holding Company.

Abeg Secures AIP for MMO license in Nigeria, rebrands to Pocket

06-28-2022 | 11:36:00
The Central Bank of Nigeria has granted an Approval In Principle to Abeg Technologies Limited, a product of Piggytech Global Limited, as a Mobile Money Operator in Nigeria.

[South Africa] Discovery announces secondary listing on A2X

06-28-2022 | 11:25:00
Discovery Limited has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 4 July 2022.
 
Features

[Column] Hardeep Sound: Beyond recovery: Tech’s role in building a fit-for-purpose East African economy

06-28-2022 | 11:10:00
Following the easing of lockdown restrictions in East Africa, regional economies have worked hard at making up lost ground and repairing the economic damage wrought by the pandemic.

PDB database: Latest update shows USD 22.85 trillion of total assets for 2020

06-27-2022 | 14:16:00
Database of Public Development Banks and Development Finance Institutions. The world of public development banks and development finance institutions

[Column] Gur Geva: Opt-in biometrics is not surveillance – here’s why

06-27-2022 | 08:36:01
When the Independent Communications Authority of South Africa (ICASA) recently proposed linking biometric data to SIM cards, privacy concerns quickly cropped up. Would this mean constant surveillance or an increased potential for identity theft?

Dimension Data East Africa: Embracing the skills of those born in the cloud

06-27-2022 | 08:02:00
How to mitigate the risk of the massive brain drain that has become a perennial problem in Africa is something that keeps many business and technology leaders up at night

Protecting food systems in Kenya: Farmers in need of policies to cope with drought

06-24-2022 | 15:33:26
While initiatives are already in place to support the communities that are affected by drought, there is need for development of strategies that provide long term solutions for the affected counties.

[Africa Tech Review] Nixon Kanali: African startups are still getting the attention of VCs

06-23-2022 | 14:48:38
This has been another interesting week for tech in Africa with a number of African tech startups across different industries raising funding to scale.

[Nigeria Business Week] Andrea Ayemoba: Nigeria scores big in budget transparency

06-23-2022 | 13:16:00
The infrastructure of Nigeria is such that for meaningful progress to be made, there must be give-and-take on the parts of the government and the people.

[Column] Nitesh Singh: Communications Service Providers have critical role to play in the race to net-zero

06-22-2022 | 14:37:56
As concerns over climate change's lasting impact intensify, CSPs (Communication Service Providers) need to tackle an urgent double-edged dilemma.

[Column] Tobias Alando: What Kenya’s Intellectual Property Recordation Programme means for manufacturers

06-21-2022 | 14:14:14
The growth in international trade, advances in technology, and changes in trading methods have come with new challenges that call for advanced strategies to effectively and efficiently combat illicit trade.

[Column] Vukani Mngxati: Building trust in the workplace is mission critical

06-21-2022 | 14:11:00
Earlier this year the global communications firm Edelman in its excellent annual Trust Barometer Survey found that close on seventy percent of those surveyed tended not to believe information until they saw evidence it was trustworthy.