News

Germany invests $32 million towards urban resilience in Somalia

01-24-2018 | 08:48:00
The German Government announced its commitment of EUR 23.4 million to support infrastructure work in Somalia.

Mondelēz International establishes new partnership to protect forests in Ghana

01-24-2018 | 08:42:00
Global confectionery powerhouse Mondelēz International has signed an agreement with the Forestry Commission of Ghana, Ghana Cocoa Board and UNDP, committing to reduce emissions in its cocoa supply chain across Ghana.

Kenyan bloggers partner to start a Kenyan tech podcast

01-24-2018 | 06:17:00
With more Kenyans consuming digital content, five Kenyan bloggers have come together to start 24BIT, a Kenyan technology podcast.

Mercury Asset Partners raise $600 million to finance infrastructure projects in Zambia

01-24-2018 | 06:13:00
Mercury Asset Partners, a multinational financing and logistics company says it has mobilized $600 million for the implementation of various infrastructure and investment projects in Zambia.

Islamic Corporation for the Development of the Private Sector and IL&FS Investment Managers sign agreement to establish $1bn Africa-focused infrastructure financing fund

01-24-2018 | 06:04:00
The Islamic Corporation for the Development of the Private Sector (ICD) and the IL&FS Investment Managers Limited (IIML) have signed a Shareholder Agreement to establish an infrastructure Fund focused on Africa.

[Kenya] French firm Total SA commits to Lokichar-Lamu oil pipeline

01-24-2018 | 05:56:00
French oil firm Total SA has confirmed its commitment to the Lokichar to Lamu oil pipeline as the only evacuation route for Kenya’s crude from the Lokichar fields.

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.