News

NBA names Victor Williams CEO of NBA Africa

08-10-2020 | 13:29:00
The National Basketball Association (NBA) named Victor Williams CEO of NBA Africa, effective Aug. 17, 2020.

IFC, UBA to train Ugandan financial institutions and SMEs to face COVID-19 challenges

08-10-2020 | 13:15:00
IFC and the Uganda Bankers Association announced a partnership to train financial institutions SMEs in Uganda to help them build financial strength and resiliency to better meet the challenges of the COVID-19 crisis.

Access Bank Zambia to merge with Cavmont Bank

08-10-2020 | 12:58:00
Access Bank Zambia and Cavmont Capital Holdings Zambia have signed a definitive agreement regarding a proposed merger of Access Bank Zambia and Cavmont Bank, a subsidiary of CCHZ.

[Nigeria] Agusto & Co. upgrades FCMB's Legacy Money Market Fund rating to A(f)

08-10-2020 | 12:21:00
Legacy Money Market Fund, a mutual fund managed by FCMB Asset Management (FCMBAM), has received a rating upgrade from A-(f) to A(f) by Agusto & Co, a foremost pan-African rating agency.

Africa CDC, African Risk Capacity launch COVID-19 modelling tool for Africa

08-10-2020 | 11:55:00
The Africa Centres for Disease Control and Prevention and the African Risk Capacity have launched two COVID-19 modelling tools for Africa: COVID-19 Potential Outcomes Scenarios and COVID-19 Spread Simulation Tool for Africa.

Africa data center market to reach $3 billion by 2025, report

08-10-2020 | 08:40:00
The Africa data center market by revenue is expected to grow at a compounded annual growth rate of over 12 per cent during the period 2019-2025.

PayAngel partners with Allianz Life Insurance Ghana to launch new remittance product

08-10-2020 | 08:35:00
PayAngel Money Transfer has partnered with Allianz Life Insurance Ghana to introduce a new revolutionary remittance product, the RemitCare Plan, to the Ghanaian market.

Nagashiki Shipping bulk carrier vessel MW Wakashio spills fuel oil off Mauritius

08-10-2020 | 07:14:23
On 25 July 2020, a bulk carrier vessel, MW Wakashio, ran aground on the reef of Point d’Esny, off the coast of Mauritius, approximately 40 kilometres southeast of the country’s capital, Port Louis, carrying nearly 4,200 metric tons (MT) of fuel.

World Bank to support Sudan students, teachers amid school closures

08-10-2020 | 06:45:00
With more than six million students out of school due to closures related to the COVID-19 pandemic, the World Bank Board approved a project to support continued learning at home, and safe transition back to school during recovery.

Kenya receives $150m to improve living conditions for residents in urban informal settlements

08-10-2020 | 06:36:00
The World Bank approved a $150 million International Development Association credit to improve tenure security and access to basic services for 1.7 million residents living in selected Kenya’s urban informal settlements.

South Africa in line for first digital census

08-10-2020 | 06:23:00
Statistics South Africa (Stats SA) will conduct a trial to the first ever digital census to be conducted in the country.

Absa ARO moves to Fiserv for card management and processing across nine African nations

08-10-2020 | 06:12:00
Absa Regional Operations, ARO, has migrated to a platform offered by Fiserv Inc., to support credit card management and processing in nine African nations.

Proparco invests $18.7 million in Kenya Nut Company

08-10-2020 | 06:08:00
With a loan of $ 18.7 million, Proparco is supporting Kenya Nut Company, a family business that has diversified and has been active for more than 40 years in the nut sector, macadamia and cashew, in Kenya.

Bollore Transport & Logistics plan boosts Cote d’Ivoire and Burkina Faso mango exports

08-10-2020 | 06:05:00
For the 2020 crop year, the operational teams of Bolloré Transport & Logistics have processed 10,575 tonnes, or 940 TEU, of mangos via air and maritime transport.

[Ghana] Republic Bank advocates for green bonds for green buildings and mortgage financing

08-10-2020 | 06:02:00
Republic Bank (Ghana) Limited, a subsidiary of Republic Financial Holdings Limited has advocated for issuance of a Green Bond in Ghana to raise long term financing for Green Building construction by developers.

New project pursues climate innovations to boost Zimbabwe livestock production systems

08-08-2020 | 14:30:00
A new European Union-funded ‘Livestock Production Systems in Zimbabwe’ (LIPS-Zim) project is working to increase agricultural productivity in the country’s agro-ecological Zones.

Global cloud ERP market to reach $101.1 billion in 2025, report

08-08-2020 | 09:35:00
The global cloud ERP market is expected to grow from $45.3 billion in 2020 to $101.1 billion by 2025, at an annual compounded growth rate of 17.4 per cent during the forecast period.

Ethiopian Cargo partners with RTS on cargo revenue management and pricing solutions

08-08-2020 | 09:33:00
Ethiopian Cargo & Logistics Services, Africa’s largest cargo operator, has partnered with RTS on Cargo Revenue Management and Pricing Solutions.

Rob Shuter appointed CEO of BT Group’s Enterprise unit

08-08-2020 | 09:30:00
BT Group has announced the appointment of Rob Shuter as CEO of its Enterprise unit and as a member of BT’s Executive Committee.

Qatar Airways resumes more flights to Africa

08-08-2020 | 08:06:49
Qatar Airways has announced that it will resume services to Jomo Kenyatta International Airport Nairobi, Kenya with 14 weekly flights and to Kigali International Airport Rwanda with three weekly flights.