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.
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 has announced that it has finalized agreements with the Government of Chad for the launch of Chad national carrier.
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 has today launched its first showroom in Nairobi to showcase the vast array of its B2B products and solutions.
Emirates has introduced 3D seat models on emirates.com, becoming the first airline to introduce web virtual reality (VR) technology on its digital platform.
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.
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 has reported a Sh4b loss after tax for the first six months of 2018 from Sh5.6 billion recorded same period last year.
Online food delivering company Jumia Food has announced the launch of online pre-payments for its customers in Kenya and Uganda.
Almost a fifth of Kenyan manufacturers have made losses in the last five years due to warehousing shortage in the country.
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.
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 scientists in Kenya have unveiled a Water Management Service Platform (WMaaSP) to address the needs for safe water in remotes parts of northern Kenya.
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 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.
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.
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 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.
The Emerging Africa Infrastructure Fund (EAIF) has announced the financial close of its 11-year $35 million loan to Indorama Eleme Fertilizer & Chemicals Ltd.