News

[Ghana] BlueTown and Microsoft target 800,000 people with broadband internet

01-09-2019 | 07:25:00
Denmark based BLUETOWN has announced a new agreement with Microsoft Corp. that will provide broadband internet access to approximately 800,000 unserved people in the eastern part of Ghana.

[South Africa] The Professional Provident Society partners with Plug and Play to bolster insurance innovations

01-09-2019 | 07:19:00
The Professional Provident Society has announced its partnership with Plug and Play, the world's largest global innovation platform headquartered in Silicon Valley.

Mammoet grows heavy lifting equipment and transport business in Mozambique

01-09-2019 | 07:08:00
Mammoet, the global market player in engineered heavy lifting and transport has mobilized a fleet of heavy lifting and transport equipment into Mozambique.

[Burkina Faso] Nexus Gold discovers high-grade samples at New Dakouli 2 Project

01-09-2019 | 07:03:19
Nexus Gold Corp has reported initial sampling results from the recently acquired, 100 per cent -owned, 98-sq km Dakouli 2 Gold Project.

Africa’s 50 most funded tech companies in 2018 raised a total of $618M, report

01-09-2019 | 06:30:59
Africa’s 50 most funded tech companies in 2018 raised a total of $618M according to the Digest Africa INDEX, an annual report that summarises Africa’s technology investment landscape.

[Kenya] Police officers to undergo compulsory ICT training

01-09-2019 | 05:29:00
The Kenyan government wants all police officers to undergo a compulsory six-month training on Information and Communication Technology (ICT).

[Kenya] Villgro Kenya invests $80,000 in Maisha Meds and Turaco to advance primary care

01-09-2019 | 05:08:00
Villgro Kenya has invested $80,000 each in Maisha Meds and Turaco, two companies working to improve health access for low-income Kenyans.

SolarNow closes $9M to scale its services across Uganda

01-09-2019 | 04:58:00
Uganda-based solar energy company SolarNow has raised $9 million in debt arranged by SunFunder, a longtime debt financier for the company alongside co-lenders responsAbility and Oikocredit.

Nigerian tomato growers charge Federal Government on processing plant

01-08-2019 | 14:21:00
The Tomato Growers Association of Nigeria (TOGAN) has urged the Federal Government to establish cottage processing plants in tomato producing areas.

Malawi among top 10 African exporters of apparel to the United States, Report

01-08-2019 | 13:11:00
Malawi has been named a distant 10th of the top 15 African Exporters of Apparel to the United States under the African Growth & Opportunity Act (AGOA) Trade preference programme.

[Malawi] Interest rate capping will not offer sustainable solutions, MCCCI

01-08-2019 | 12:23:00
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says there are policy alternatives that can protect borrowers from excessive interest rates instead of introducing interest rate caps.

AfDB approves $14.12m to support Nigeria’s membership in African Trade Insurance Agency

01-08-2019 | 12:03:00
The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency.

[Egypt] Saudia Cargo launches sales office at Cairo Airport

01-08-2019 | 11:09:06
Dedicated freight subsidiary of Saudia, Saudia Cargo has opened its newest sales office at Cairo Cargo City inside Cairo International Airport.

[Ghana] Operating banks reduced from 34 to 23

01-08-2019 | 11:08:00
Ghana’s financial space will now have only 23 banks, down from the 34 that were operating in the country as of January 2017.

[Libya] NOC records highest annual revenue since 2013

01-08-2019 | 10:41:00
National Oil Corporation (NOC) recorded an average production of 1.107 million barrels per day in 2018 and total revenues of 24.4 billion USD – a five year high and 78% year-on-year increase.

Redavia signs $2million financing agreement with ElectriFI to support Ghana’s expansion

01-08-2019 | 09:40:10
Solar technology company REDAVIA and ElectriFI have signed a $2million financing agreement to support REDAVIA's expansion in Ghana's industrial and commercial sector.

[Kenya] Real estate performance dips on low property demand, growing supply, Cytonn report

01-08-2019 | 09:37:00
The real estate sector in 2018, recorded continued investment across all themes driven by the political stability following the conclusion of the electioneering period.

Egypt foreign reserves drop 4.4% in December

01-08-2019 | 09:17:00
Egypt's foreign currency reserves dropped by 4.4 percent to 42.5 billion U.S. dollars in December 2018, compared with 44.5 billion dollars in November.

Nigeria records 9% daily crude oil increment in 2018

01-08-2019 | 09:07:33
Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in outgone 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86million barrels.

Ophir Energy loses Equatorial Guinea's Fortuna due to licence expiry

01-08-2019 | 08:53:00
Ophir Energy has announced that it has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery, will not be extended.