News

[South Africa] Vodacom invests over R270 million in Limpopo Province

09-11-2018 | 06:52:09
Vodacom region has announced that it has invested over a quarter of a billion rands on capital expenditure over the past two years, targeted primarily at expanding its 3G and 4G footprint.

[Ethiopia] UNIDO Director General praises China - Africa cooperation

09-11-2018 | 06:08:31
The Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong, congratulated the Government of Hunan province for its continuous efforts to promote investment in Africa under the Chinese Government’s Belt and Road Initiative.

China Telecom selects SA's Teraco as location for inter-connection hub

09-10-2018 | 11:45:00
China Telecom Africa and Middle East has today announced that it is establishing an inter-connection network and telecommunications hub to support growing traffic demands at Teraco Data Environments.

Blockbank partners with Kenya's Spire Bank to spur crypto banking

09-10-2018 | 11:30:00
One of the leading commercial banks in Kenya, Spire Bank, will be instrumental in facilitating a wide variety of international Crytpto banking activity in association with Blockbank.

Angolan reforms to grow Tourism, Hospitality sectors - Wayne Troughton

09-10-2018 | 10:40:00
Angola’s growth prospects are set to rise as the country continues to make strides towards a more positive economic course.

South Africa bets on masterplan to improve automotive industry

09-10-2018 | 10:15:00
The Department of Trade and Industry (dti) and the motor industry are now close to finalizing the South African Automotive Masterplan which will come into effect in January 2021 and run until 2035.

[Nigeria] Union Bank issues notes under N100b Bond Program

09-10-2018 | 07:31:44
Union Bank of Nigeria has announced the registration of a N100 billion Debt Issuance Programme and the subsequent inaugural issuance of Series I and II Bonds under the newly registered Bond Programme.

[Egypt] ITFC to implement $3b framework agreements to support Egypt

09-10-2018 | 07:22:00
The International Islamic Trade Finance Corporation has announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt, initiating the utilization of the 5th Framework agreement.

NIC Bank Kenya selects Newgen to drive digital transformation

09-10-2018 | 07:17:54
NIC Bank Kenya PLC has announced that it has successfully transformed multiple banking processes, using Newgen's Business Process Management based banking solutions.

[South Africa] GSC acquires Megapro Holdings

09-10-2018 | 06:56:00
Global Sports Commerce (GSC), one of the world's largest sports, technology and management companies, has acquired a strategic stake in South African-based company Megapro Holdings.

Marrakech emerges key African hospitality hotspot, Cairo next - data

09-10-2018 | 06:55:00
Based on H1 2018 figures from STR, provider of data and analytics for the global hotel industry, Marrakech has emerged as a standout performer among key African cities.

[Nigeria] NNPC, China sign MoU on oilfield services, research & dev't

09-10-2018 | 06:44:00
The Nigerian National Petroleum Corporation has signed a Memorandum of Understanding in China with the China National Offshore Oil Corporation towards developing Nigeria’s oilfield services.

China Development Bank, Afreximbank sign trade infrastructure deal

09-10-2018 | 06:39:51
China Development Bank has, signed an agreement providing a $500-million facility to the African Export-Import Bank to enable the African trade finance bank support trade enabling infrastructure projects across the continent.

[Kenya] Safaricom to unveil new data packages

09-10-2018 | 06:32:00
Safaricom has announced improvement of data experience for customers and will in the next few months announce new data packages in line with their needs.

[South Africa] Vodacom spends $17 million on Limpopo province networks

09-07-2018 | 13:00:00
Vodacom has announced that it has invested over R270 million, approximately $17 million on capital expenditure over the past two years, targeted primarily at expanding its 3G and 4G footprint.

World Bank launches $9 million infrastructure project in Somalia

09-07-2018 | 12:50:00
The Federal Government of Somalia and the World Bank have launched the flagship infrastructure project in Somalia.

[South Africa] Vantage Capital exits New GX Capital

09-07-2018 | 11:41:32
Vantage Capital, Africa’s largest mezzanine debt fund manager, has announced that it has fully exited its investment in New GX Capital, a one hundred percent black family owned investment holding company in South Africa.

CIPE opens Ethiopia office to grow continental foothold

09-07-2018 | 10:50:00
Seeking to sustain the current wave of political and economic reforms across Ethiopia and the region, the Center for International Private Enterprise (CIPE) has opened its newest regional office in Addis Ababa, Ethiopia.

Enel starts construction of Ngonye solar project in Zambia

09-07-2018 | 10:45:00
The Enel Group’s global renewable energies division Enel Green Power (EGP) has started the construction of the 34 MW1 Ngonye solar PV plant, which is the Group’s first power plant in Zambia.