News

IFC helps Egypt's microfinance company build capacity, boost outreach

02-14-2020 | 13:27:00
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] Airbus and Green Africa Airways sign agreement for 50 A220s aircraft

02-14-2020 | 13:11:00
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 and African Management Institute launch project to educate and empower women entrepreneurs

02-14-2020 | 13:07:48
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.

Kenya government to establish coffee research institution to revive sector

02-14-2020 | 11:05:00
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 partners with Blockchain Nigeria User Group to extend reach across the continent

02-14-2020 | 11:00:00
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’s first commodities exchange market to start operations in 2021

02-14-2020 | 08:35:00
Egypt plans to start operating its first commodities exchange by January 2021 which will provide commodity markets with greater price stability.

African airlines see passenger demand increase by five percent, IATA report

02-14-2020 | 08:30:00
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.

Standard Chartered Bank invests $ 1.46 billion to fund Tanzania’s Standard Gauge Railway project

02-14-2020 | 06:41:00
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.

[South Africa] Phatisa acquires food supplier Rolfes

02-14-2020 | 06:39:16
Phatisa, through its Food Fund 2, together with Sabvest, Masimong Chemicals and Rolfes management, have acquired the entire issued share capital of Rolfes Group.

[Kenya] Wapi Pay raises capital to scale operations across Africa

02-14-2020 | 06:33:16
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 to deploy blockchain-based medical record and identity system across Africa

02-14-2020 | 06:28:00
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.

[Egypt] EGAS signs $43m oil exploration deal with Wintershall Dea

02-13-2020 | 13:55:00
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.

AfDB approves $1m grant for Uganda to stem Ebola transmission

02-13-2020 | 13:43:44
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.

[Nigeria] Auto sector attracts N360b investment in 2019

02-13-2020 | 13:37:00
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.

Expanding social protection programs necessary for inclusive growth in Uganda, says World Bank

02-13-2020 | 13:01:00
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 set for expansion in Ethiopia

02-13-2020 | 09:41:00
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.

DRC Government and General Electric sign infrastructure agreement

02-13-2020 | 09:37:00
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.

Parallel Wireless and Robin.io extend partnership agreement

02-13-2020 | 08:15:54
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.

[Egypt] E-health startup Vezeeta raises $40m Series D funding round

02-13-2020 | 08:07:00
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).

[Kenya] Jeneria Lekilelei, lion hunter turned conservationist

02-13-2020 | 08:00:00
Jeneria Lekilelei, a Samburu pastoralist from Kenya has been the face behind protecting lions in the Northern Kenya sanctuary.