News

Grid digitization can combat Kenya’s power sector challenges

08-30-2018 | 06:57:00
Kenya’s power sector presents promising opportunities for grid digitization. This is according to a 2018 white paper on the “Digitization of Energy Transmission & Distribution in Africa by General Electric.

[Nigeria] NNPC set to establish 200,000bpd condensate refineries

08-30-2018 | 06:51:00
The Nigerian National Petroleum Corporation will establish two condensate refineries with a total refining capacity of 200,000 barrels per day at Western Forcados Area and Assah North Ohaji South Areas of Delta and Imo State respectively.

Ethiopian Airlines partners to launch Chad national carrier

08-30-2018 | 06:19:00
Ethiopian Airlines has announced that it has finalized agreements with the Government of Chad for the launch of Chad national carrier.

OFID extends $37.5 million loan to Guinea Bissau, Burundi and Uganda

08-29-2018 | 14:11:23
OFID, the OPEC Fund for International Development, has signed public sector loan agreements totaling $37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.

LG Electronics Opens its first business innovation center in Kenya

08-29-2018 | 12:33:25
LG Electronics has today launched its first showroom in Nairobi to showcase the vast array of its B2B products and solutions.

Kenyan travelers to enjoy Emirates web virtual reality technology

08-29-2018 | 11:20:57
Emirates has introduced 3D seat models on emirates.com, becoming the first airline to introduce web virtual reality (VR) technology on its digital platform.

Chartered Institute for Securities opens first African office in Kenya

08-29-2018 | 10:23:01
As part of its strategy of growing its footprint, the Chartered Institute for Securities & Investment (CISI) has opened its first office in Africa in Nairobi.

BanQu partners with ABInBev to streamline supply chain in Zambia

08-29-2018 | 10:18:29
Software technology company BanQu has developed the first-ever, blockchain economic-identity technology solution that enables a secure, immutable platform and creates economic opportunities for small-scale farmers in Africa.

Kenya Airways records a further Sh4b half-year loss

08-29-2018 | 09:45:11
Kenya Airways has reported a Sh4b loss after tax for the first six months of 2018 from Sh5.6 billion recorded same period last year.

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.