News

2018 DEMO Africa winners announced

10-24-2018 | 11:19:00
DEMO Africa has announced the five winners for the for the 2019 edition of the Lions@frica Innovation Tour in Silicon Valley. The winners were announced after presenting their technologies to the world at the 7th edition of DEMO Africa held in Casablanca, Morocco.

[Angola] Maurel & Prom to acquire 20 per cent stake in two AJOCO oil blocks

10-24-2018 | 11:13:00
International oil company Etablissements Maurel & Prom has announced the signature of a sale and purchase agreement for the acquisition of the 20 per cent working interest owned by Angola Japan Oil Co., Ltd.

International bankers, tech companies target African entrepreneurs with blockchain initiative

10-24-2018 | 09:10:14
A consortium of international bankers, Papersoft Africa, and Digital Transformation company iVEDiX have teamed up to launch a transformative blockchain and digital currency initiative.

Green Climate Fund Board approves three AfDB Green Climate Projects totaling $ 110 million

10-24-2018 | 08:59:33
The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank totaling over $110 million.

[Kenya] CMA sounds the alarm on online forex trading by unlicensed entities

10-24-2018 | 06:35:23
In line with its investor protection mandate, the Capital Markets Authority (CMA) has warned Kenyans against engaging in online foreign exchange trading through platforms of unlicensed entities.

[South Africa] Tigers and Anthonij Rupert Wyne enter wine export deal

10-24-2018 | 06:28:00
Global logistics specialist Tigers is supporting the export of South African wine to Germany and the USA by streamlining the B2B supply chain for Anthonij Rupert Wyne through end-to-end solutions.

Greenpeace calls on Senegal government to improve safety for artisanal fishermen

10-24-2018 | 06:25:00
Greenpeace Africa has released a new documentary on the numerous cases of small-scale fishermen who have lost their lives in Senegalese waters. Over the past 2 years, at least 226 fishermen have lost their lives at sea or have been declared missing.

Togo and Eranove Group sign agreement for a 65 MW electricity plant

10-24-2018 | 06:22:27
Togo Minister of Mines and Energy and the Director General of the pan-African industrial group Eranove, have signed a power generation concession agreement for the construction of the Kékéli Efficient Power plant.

Digital technology accelerating cybercrimes in Africa

10-24-2018 | 06:16:00
Cybercrime has become one of the biggest threat to most organisations and businesses in Africa. The threat has continued to accelerate especially due to the power of digital technology and cybercriminals becoming more sophisticated.

Samsung opens its largest retail store in Africa in Nairobi

10-24-2018 | 04:23:11
Samsung Electronics has opened a new interactive store at Two Rivers Mall in Nairobi bringing to 29, the total number of Samsung Experience Stores across the country

SIM swap fraud is now global threat, says Myriad Connect

10-24-2018 | 04:11:00
SIM swap fraud has plagued mobile users across Africa for years, with Myriad Connect’s recent survey in Kenya revealing that over 90% of Kenyan banking leaders see it as an issue for their organisations.

[South Africa] Invest SA wins top UNCTAD award

10-23-2018 | 14:55:00
South Africa has won the top global award at the United Nations Investment Promotion Awards for its excellence in boosting investment sectors that have social and economic benefits and help countries meet the Sustainable Development Goals (SDGs).

[South Africa] Limpopo spice manufacturer on mission to win over European clients

10-23-2018 | 14:20:00
Limpopo spices manufacturer and founder of Phuti Food Manufacturing company says the main motivation behind the showcasing of his range of spices at the 27th edition of the Salon International de l’alimentation in Paris, is to establish new clients.

Amref Health Africa receives royal award for international cooperation

10-23-2018 | 13:48:00
Amref Health Africa (global) and the Amref Health Africa office in Spain received the Princess of Asturias Award for International Cooperation in Oviedo, Spain at a ceremony officiated by the King of Spain Felipe VI.

Development Bank of Southern Africa to set up $140 million Climate Finance Facility

10-23-2018 | 13:10:00
The Development Bank of Southern Africa (DBSA) has announced that it has been awarded funding to the value of USD$55.6m from the Green Climate Fund (GCF) to establish a R2 billion Climate Finance Facility.

OFID signs loan agreements of $80 million with Benin, Niger and China

10-23-2018 | 13:05:00
OFID – the OPEC Fund for International Development – has signed public sector loan agreements totaling more than $80 million. The agreements were signed by OFID Director-General Suleiman J Al-Herbish and ministers from the beneficiary countries.

Tunisia's Economic Outlook in 4 Charts, study

10-23-2018 | 12:57:00
Due to an exceptional harvest and tourist arrivals that reached levels last seen in 2010, GDP growth in Tunisia have accelerated in the second quarter of 2018 to 2.8 percent, up from 2.5 percent in the first quarter.

Africa gets Private Sector Trade and Investment Committee

10-23-2018 | 11:05:45
Africa’s leading private sector institutions and corporates have established a Pan-African Private Sector Trade and Investment Committee to serve as an advocacy platform to support the implementation of the African Continental Free Trade Area.

South Africa mass transit sector secures $ 100 million loan facility from AfDB

10-23-2018 | 10:59:10
The African Development Bank has approved over $100 million in loans to SA Taxi Development Finance Limited, a wholly owned subsidiary of SA Taxi Finance Holdings Proprietary Limited,

[Kenya] Finnish firm to acquire 20% stake in Cytonn

10-23-2018 | 09:18:00
Finnish financial group Taaleri is set to acquire a 20 per cent stake of private equity investment firm Cytonn. The move is meant to provide the investment firm with a strong anchor investor ahead of its Initial Public Offering (IPO) scheduled for next year.