News

Toyota-Egypt signs distribution agreement with Lexus

01-23-2018 | 14:02:00
Toyota-Egypt has signed an agreement with Lexus, the luxury vehicle division of Japanese car maker Toyota, to be the official distributor of Lexus cars in the Egyptian market as from 2018.

Volkswagen to set up shop in Rwanda with an initial annual installed capacity of 5000 vehicles

01-23-2018 | 12:48:00
The next milestone in Volkswagen Sub Saharan Africa strategy becomes reality with the registration of the company Volkswagen Mobility Solutions Rwanda.

Workonline Communications extends its services to Kenya

01-23-2018 | 12:45:00
Wholesale network service provider Workonline Communications has expanded its East African presence by making its IP transit services available in Nairobi, Kenya.

Energy 4 Impact and GIZ collaborate in supporting pico hydro projects financing in Rwanda

01-23-2018 | 10:29:00
Energy 4 Impact has signed an agreement with Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH to assist mini-grid projects in receiving result-based financing, as part of their Energising Development programme.

[Kenya] Monetary Policy Committee retains base lending rate at 10 percent

01-23-2018 | 10:28:26
The Monetary Policy Committee (MPC) of the Central Bank of Kenya has met to review the outcome of its policy decisions and recent economic developments.

[Nigeria] Dangote’s Multi-Million Naira Unibadan Business School ready soon

01-23-2018 | 09:51:00
Aliko Dangote has assured that the N250 million University of Ibadan Business School being constructed by him would soon be ready for commissioning.

COMESA mulls electronic certificate of origin to bolster trade

01-23-2018 | 08:36:03
The development of an e-certificate of Origin (eCO) to eventually replace the hard copy version is on course.

Imagine Education and onQ expand global learning partnership for the Egyptian Ministry of Education

01-23-2018 | 08:32:00
Imagine Education, a player in global solutions, and onQ™, a digital content delivery provider for communications have expanded their partnership, to support the Teachers First initiative for the Egyptian Ministry of Education.

[Nigeria] Access Bank comes out with new paternity leave policy

01-23-2018 | 08:30:00
Starting January 2018, male employees of Access Bank Plc can take advantage of an enhanced parental leave policy that extends paid benefits to all mothers and fathers.

Nigerian National Petroleum Corporation to build more depots, expand market share

01-23-2018 | 08:18:00
Nigerian National Petroleum Corporation (NNPC) is to build more depots across the Country.

Union Bank of Nigeria named Fastest Growing Retail Bank

01-23-2018 | 08:00:00
Union Bank, one of Nigeria’s longest standing banking institutions, has been named ‘The Fastest Growing Retail Bank, Nigeria’ in the 2017 edition of the International Finance Magazine (IFM) Awards.

International Finance Corporation becomes anchor investor in Partech Africa, largest venture capital fund focused on Africa

01-23-2018 | 06:11:00
IFC, a member of the World Bank Group, has helped Partech Ventures launch a €100 million fund that is expected to become the largest venture-capital fund focused on digital-technology start-ups in sub-Saharan Africa.

Global insurtech provider, Agile Financial Technologies, expands to Rwanda in partnership with Convergencium

01-23-2018 | 06:06:00
Convergencium, a systems integrator and consulting organization in Rwanda has partnered with Agile Financial Technologies, to implement Agile FT's products and services in Rwanda and subsequently in other Sub-Saharan Africa countries.

InfraCo Africa increases its commitment to $30 million for Ethiopia’s first private geothermal project

01-23-2018 | 05:54:00
InfraCo Africa has signed a Shareholders Agreement with Berkeley Energy, committing $30m of equity investment to Ethiopia's Corbetti Geothermal project, doubling its original commitment of $15m.

COMESA Customs Transit Guarantee Scheme to launch in Djibouti Corridor by March

01-23-2018 | 05:41:00
The COMESA Customs Transit Guarantee Scheme (RCTG Carnet) is expected to be operational in the Djibouti Corridor covering Djibouti and Ethiopia in March this year.

[Ghana] Kudobuzz acquires AdGeek, an Ad creation tool

01-22-2018 | 13:08:09
Ghanaian startup Kudobuzz has acquired AdGeek, an ad creation tool used by many online merchants for prospecting new customers and ad retargeting.

Sahara Group urges global support for access to energy in Africa

01-22-2018 | 12:01:56
African energy and infrastructure conglomerate, Sahara Group will make a strong case for collaborative efforts towards achieving the Sustainable Development Goals (SDGs) through more access to power in Africa.

Yellow Card Insurance Scheme records sustained growth across 13 African countries

01-22-2018 | 11:57:44
Over 220 insurance companies are currently involved in the operations and issuance of the COMESA Yellow Card insurance covers in 13 countries across Africa.

Aggreko introduces new installation to provide stable power to Madagascar

01-22-2018 | 10:15:00
Aggreko has started to supply stable power, using 28 MW of its HFO-generated energy to Madagascar.

InfraCo Africa commits $3 million to develop the Khoumagueli Solar project in Guinea

01-22-2018 | 10:10:00
InfraCo Africa, part of the multi-lateral Private Infrastructure Development Group (PIDG), has signed a Joint Development Agreement (JDA) with Solvéo Energie S.A.S, Solvéo Guinea Renewable Energy SA and Solvéo International Investments SARL.