IFC, a member of the World Bank Group, signed an agreement with Egypt’s largest microfinance organization Tanmeyah, to help increase its sustainability and boost its outreach to underserved groups across the country.
Nigeria’s Green Africa Airways, has signed an MoU for 50 A220-300 aircraft, one of the largest orders to be placed globally for the A220 programme and the largest ever from the African continent.
Uber has launched a high-impact learning programme to help women drivers and those in their communities to develop the skills needed to thrive as independent entrepreneurs and make the most of earning opportunities.
The national government has announced that it will establish a coffee research institution, as a measure to revive coffee farming and production in the country amidst dwindling fortunes.
QURAS, a next-gen blockchain protocol that enables anonymous, private-protected transactions, has partnered with the blockchain non-profit association in Africa, Blockchain Nigeria User Group.
Egypt plans to start operating its first commodities exchange by January 2021 which will provide commodity markets with greater price stability.
The International Air Transport Association announced full-year global passenger traffic results for 2019 showing that demand rose by 4.2% compared to the full year of 2018.
The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a $ 1.46 billion term loan financing to fund the construction of the Standard Gauge Railway.
Phatisa, through its Food Fund 2, together with Sabvest, Masimong Chemicals and Rolfes management, have acquired the entire issued share capital of Rolfes Group.
Singapore and Kenyan based Fintech startup ‘Wapi Pay’ has raised seed capital through the accelerator Future Hub making it its first Fintech Investment in Africa.
Kamari and ZeU Crypto Networks have announced a plan to roll out a new blockchain-based identity and medical record system across the African continent.
The Minister of Petroleum and Mineral Resources Tarek el-Molla has signed an agreement to search for and produce oil and natural gas in eastern Damanhur area in the Nile Delta.
The African Development Bank has released a $1 million grant to Uganda to help the East African country tackle an outbreak of the Ebola virus.
The National Automotive Design and Development Council (NADDC) said automotive manufacturing companies in Nigeria made over N360 billion investments into the country’s economy in year 2019.
Uganda’s economy grew by 6.5 percent in FY18/19, maintaining the rebound in economic activity over the last two years, according to the latest edition of the Uganda Economic Update released by the World Bank today.
Accor, a leading augmented hospitality group, is expanding its presence in Ethiopia after signing a management agreement to open a new property under its design-led economy brand, Ibis Styles.
The Government of the Democratic Republic of the Congo and General Electric have announced signing of an MoU in infrastructure projects enabling the increase in the supply of electric energy and health modernization programs.
The partnership aims to help global Mobile Network Operators bring benefits of automation in the webscale data center to the heterogeneous embedded systems environment of the RAN across 2G, 3G, 4G and 5G.
Egyptian e-health startup Vezeeta has raised a US$40 million Series D funding led by UAE-based Gulf Capital, alongside further investment from existing Riyadh-based investor Saudi Technology Ventures (STV).
Jeneria Lekilelei, a Samburu pastoralist from Kenya has been the face behind protecting lions in the Northern Kenya sanctuary.