News

Jumia Food launches online pre-payments in Kenya and Uganda

08-29-2018 | 09:24:50
Online food delivering company Jumia Food has announced the launch of online pre-payments for its customers in Kenya and Uganda.

Warehousing shortage hurting economic growth in Kenya

08-29-2018 | 08:28:46
Almost a fifth of Kenyan manufacturers have made losses in the last five years due to warehousing shortage in the country.

[South Africa] SpinCar and Reach Engage pen vehicle merchandising deal

08-29-2018 | 08:20:00
SpinCar, a global player in automotive merchandising tools has entered into an exclusive partnership with Reach Engage Develop (R.E.D.), a dominant South African digital marketing agency.

[Kenya] Lendable receives $4.5 million grant from Dutch government

08-29-2018 | 08:15:00
FMO is extending a convertible grant to Kenyan-based FinTech platform Lendable providing a ‘first loss’ backstop that is expected to unlock an additional $4.5 million from commercial investors.

IBM unveils a cloud-based water management system in Northern Kenya

08-29-2018 | 08:12:00
IBM scientists in Kenya have unveiled a Water Management Service Platform (WMaaSP) to address the needs for safe water in remotes parts of northern Kenya.

AfDB and partners launch $58 million off grid Energy Access Fund

08-29-2018 | 06:10:00
The Off-Grid Energy Access Fund (OGEF) had its first close with committed capital of $ 58 million from the African Development Bank, the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On.

Angola seeks $4.5 billion in financial assistance from IMF

08-29-2018 | 06:06:00
Angola is to discuss a $4.5 billion extended financial programme with International Monetary Fund, IMF, as part of the financial aid the country requested to this institution.

UK announces £20 million jobs creation programme for Ghana

08-29-2018 | 06:04:00
Minister for Africa at the Foreign and Commonwealth Office and the Department for International Development Harriett Baldwin has announced a major new jobs creation and investment programme during a visit to Ghana.

[South Africa] New coal plan a threat to cheap electricity, consortium

08-29-2018 | 06:00:00
The inclusion of new coal in the updated draft Integrated Resource Plan for Electricity will cost South Africa close to R20 billion more than the country need to spend.

IT spending in South Africa will grow 4.3 Percent in 2018, Gartner

08-28-2018 | 13:50:00
IT spending in South Africa will total R276.6 billion in 2018, a 4.3 percent increase from 2017, according to Gartner, Inc. All IT segments are on track to achieve growth this year, with data center systems and servers returning to growth.

[Nigeria] EAIF invests $35 million in Indorama fertilizer plant

08-28-2018 | 13:45:00
The Emerging Africa Infrastructure Fund (EAIF) has announced the financial close of its 11-year $35 million loan to Indorama Eleme Fertilizer & Chemicals Ltd.

TMX Global Coin opens Kenya office

08-28-2018 | 12:35:00
TMX Global Coin, the global blockchain logistics company, is set to launch in Kenya to serve the growing demand for this service in Africa.

[South Africa] Cell C bets on turnaround strategy to grow revenue

08-28-2018 | 12:30:00
Cell C has released its interim results for the period ended 30 June 2018, signaling how South Africa’s third largest telecommunications service provider is on track to deliver substantial growth through its strategic initiatives.

Kenya, US sign investment deals worth $238 million

08-28-2018 | 10:29:28
President Uhuru Kenyatta has witnessed the signing of two agreements that will see two US companies invest $238 million worth of projects in Kenya as he urged the US government to facilitate the operations of US businesses Africa.

Angola, Germany sign transport agreement

08-28-2018 | 08:20:00
Angola and Germany have signed an agreement of intent providing for cooperation in the fields transports, as part of the president João Lourenço's visit to the European country.

UN Habitat to develop Ras El Hekma waterfront city in Egypt

08-28-2018 | 08:15:00
UN-Habitat, General Organization for Physical Planning and New Urban Communities and UN-Habitat have announced the launching of the project RAS EL HEKMA Waterfront new city in Egypt.

[Botswana] China writes off loans

08-28-2018 | 07:56:55
The Embassy of the People's Republic of China has exempted the government of Botswana from payment of the three interest free loans.

Nigeria’s GDP slowed in 2018 second quarter

08-28-2018 | 07:15:54
Nigeria’s Gross Domestic Product (GDP) slowed in the second quarter of 2018, according to the National Bureau of Statistics.

[Mozambique] USTDA awards solar contract to WHN Solar

08-28-2018 | 06:29:47
The U.S. Trade and Development Agency has awarded a grant to WHN Solar, S.A. for a feasibility study to assess the viability of a solar photovoltaic (PV) plant of up to 100 megawatts.

Vodacom launches Africa’s first commercial 5G service

08-28-2018 | 06:18:36
Vodacom Group has announced that it has created Africa’s first standards-based, commercial 5G service in Lesotho.