News

Mobile Outfitters Africa opens first continental shop in South Africa

04-20-2018 | 13:00:00
U.S. manufacturer and innovator of mobile accessories Mobile Outfitters Africa has officially opened its first outlet in Africa at Mall of Africa, South Africa's largest shopping mall and home to over 300 shops, many of which are flagship stores.

Sky.Garden partners with Interswitch to launch Instant mobile money seller payment options for its vendors

04-20-2018 | 11:11:22
eCommerce company Sky.Garden has made groundbreaking implementations to its payments module to ensure real-time payments to their sellers after signing a deal with digital payments firm Interswitch.

Nigeria Uninterruptible Power Supply to reach 4.7 per cent in 2024

04-20-2018 | 10:30:00
Nigeria Vision 20:2020 is set to be a major development plan for the country to accelerate growth of commercial and industrial sectors over the coming years.

[Kenya] Africa Data Centers opens new floor at Nairobi data centre facility

04-20-2018 | 08:04:00
Africa Data Centres,part of the pan-African telecoms group Liquid Telecom, has today opened a new floor at East Africa Data Centre (EADC) in Nairobi, Kenya.

EIB and IMF partner to build capacity on financial inclusion and stability in Africa

04-20-2018 | 08:00:00
The European Investment Bank (EIB), the EU Bank, and the International Monetary Fund (IMF) have signed a Letter of Understanding to pool their expertise and experience to promote sustainable economic development, financial stability and inclusive growth in Africa.

Vodacom becomes first African mobile network to exceed 80 per cent population coverage on 4G

04-20-2018 | 06:05:26
Vodacom has become the first African mobile network to exceed 80% population coverage on 4G.

African Palm Corp to launch palm oil production in Guinea Bissau to sate global demand

04-20-2018 | 06:04:52
African Palm Corp., a US based organization with an interest in sustainable extraction, processing, and commercialization of products derived from African palm oil is set to launch operation in Guinea-Bissau.

African Development Bank and Asian Infrastructure Investment Bank sign agreement to promote cooperation

04-20-2018 | 06:04:33
African Development Bank and Asian Infrastructure Investment Bank have signed a memorandum of understanding to enhance collaboration on sustainable economic development.

Uganda Coffee growers and US roasters to create business linkages

04-19-2018 | 15:09:00
Although Uganda is the 8th largest coffee producer in the world and the top African exporter, its coffee is relatively unknown in the United States.

Kenya Power mulls partnership with Kenya Association of Manufacturers to lower industrial energy costs

04-19-2018 | 13:04:00
Kenya Power has renewed its commitment to partner with the Kenya Association of Manufacturers, KAM, to carry out regular energy audits among manufacturers to maximize production efficiency.

Emerging Africa Infrastructure Fund raises $385 million in new debt financing to drive five year business plan

04-19-2018 | 13:00:00
The Emerging Africa Infrastructure Fund, EAIF, managed by Investec Asset Management has successfully completed its latest fundraising round, raising $385million in new long-term debt capital to invest in Africa.

European Investment Bank and AfDB collaborate to support private sector investment in Nigeria

04-19-2018 | 12:22:02
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country.

Telecoms VAS market hits $200m in Nigeria

04-19-2018 | 12:05:00
The Value Added Services (VAS), segment of the telecom market in Nigeria has recorded the sum of $200 million revenue as at first quarter this year, Prof. Umar Danbatta, Executive Vice-Chairman of Nigerian Communications Commission (NCC) has said.

Zimbabwe’s Golix expands to South Africa

04-19-2018 | 10:34:00
Zimbabwe’s cryptocurrency exchange, Golix, has coordinated a partnership withBlockstarters, South Africa’s blockchain hub and incubator, in a move that will see the exchange tapping into a new highly economic active market.

UNECA launches campaign to have Central African states operationalize preferential tariff to ease trade

04-19-2018 | 10:30:00
The United Nations Economic Commission for Africa is launching a campaign to have all countries of the Economic Community of Central African States operationalize the ECCAS Preferential Tariff one of the instruments for easing trade in the zone.

Nigerian court stops sale of 9mobile after shareholders' motion

04-19-2018 | 10:23:00
The Nigerian High Court has stopped the sale of 9mobile following opposition to the deal by some shareholders of the company,

African Development Bank, African Institute of Mathematics and Science to transform industry-led research in Africa

04-19-2018 | 09:20:00
The African Development Bank and the African Institute of Mathematics and Sciences (AIMS) have initiated a relationship aimed at building an industry-led research institution in the league of the Massachusetts Institute of Technology.

Full monty expat packages in Africa no longer the norm as companies cut costs

04-19-2018 | 08:59:21
Despite the war for senior leadership talent on the African continent, the approach of luring top international executives with major perks in addition to their remuneration packages is in rapid decline, an expert says.

Economic growth in Africa rebounds, but not fast enough - World Bank analysis

04-19-2018 | 08:41:00
Sub-Saharan Africa’s growth is projected to reach 3.1 percent in 2018, and to average 3.6 percent in 2019–20, says Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, released today.

Kenya's mSurvey Secures $3.5m Series A Investment

04-19-2018 | 08:20:35
mSurvey, the mobile-first consumer feedback platform for businesses and consumers in Africa, today announces a Series A round of USD$3.5m.