News
[Cameroon] WorldRemit introduces features that enable remittance receivers to manage their money on their phones
WorldRemit is introducing new app features to make it easier for remittance recipients in several countries, including Cameroon, to manage funds sent from overseas.
EgyptAir receives its third B787-9 Dreamliner
EgyptAir has received its third aircraft B787-9 Dreamliner as part of a deal for six aircraft that EgyptAir had purchased to join its fleet, all arriving in June and July.
[South Africa] ExecuJet adds Discovery Safaris as new tour partner
ExecuJet, part of the Luxaviation Group, has announced the addition of Discovery Safaris as a new partner for the company’s ExecuJet Tours & Safaris service.
[Kenya] Safaricom rolls out reverse call feature to all customers
Safaricom has announced the availability of its “Reverse Call” feature enabling its more than 31 million customers to pay for calls for loved ones.
Voith gets contract to manufacture equipment for hydropower plant in Burundi
The technology group, Voith, has won an order to design, manufacture and supply the complete electromechanical equipment for the small hydropower plant Kabu 16 in Burundi.
[Nigeria] Union Bank shareholders approve ₦54.4bn share premium reduction
Shareholders of Union Bank of Nigeria have approved the proposed reduction of ₦54.4 billion from the Bank’s Share Premium Account in a bid to restructure the Bank’s balance sheet for optimal performance.
Emerging markets are money savvy and ready for change, Luno survey
The adoption of cryptocurrencies in developing countries has been well documented and the anomaly is often flagged that people who have less appear to take greater financial risks.
[South Africa] Absa separation from Barclays 69% complete, on track for completion in 2020
Absa Group, one of the largest financial services providers in Africa, told the investors that its programme to separate from Barclays is 69% complete, with 184 of the 266 projects having been successfully delivered.
UNIDO supports the African Continental Free Trade Area implementation
With the support of the African Union Commission’s Department of Trade and Industry, the Permanent Mission of the African Union in Belgium organized a sensitization workshop on the African Continental Free Trade Area (AfCFTA).
Cushman & Wakefield enters deal with Broll to provide occupier services across sub-Saharan Africa
Cushman & Wakefield has entered into an exclusive affiliate arrangement with the largest independently owned pan-African commercial property services company Broll Property Group.
Kenya launches public sector wage bill study report
The Salaries and Renumeration Commission (SRC) has launched the Public Sector Wage Bill Study Report which recommends strong measures to automate and integrate payroll management system.
[South Africa] M-Net, partners to create TV adaptation of Deon Meyer's Trackers
M-Net has partnered with Cinemax and ZDF for the biggest original drama co-production in African television history, the six-part adaptation of Deon Meyer’s Trackers.
Bolt for Business launches in South Africa
Bolt, the on-demand transportation platform that operates in 12 South African cities, has launched Bolt for Business, allowing companies of all sizes to manage and pay for corporate trips via a single, easy-to-use portal.
Government of Austria helps boost food and nutrition security in Mozambique
The United Nations WFP welcomes a €3 million contribution from the Government of Austria in support of over 5,000 households in Chemba district, Sofala province in Mozambique, prioritising vulnerable children, adolescent girls and women.
[Nigeria] FGN Green Bond series II records 220% subscription level
The Nigeria Debt Management Office (DMO) has announced the results of its second Sovereign Green Bond offering (the “Offer”) for N15 billion.
South Africa grows capacity in space weather monitoring for global aviation sector
South Africa is seeking to take on a leading role in the international space weather monitoring community, as it moves to become a key provider of space weather information to the global aviation sector for the African region.
HID Global expands commitment to helping end Africa’s identity gap
HID Global®, a worldwide provider of trusted identity solutions, has launched an initiative to help close identity gap in Africa.
DBSA commits US$4.9m to Joule Africa’s hydropower project in Sierra Leone
As Joule Africa enters the final stages in developing the Bumbuna II 143 MW hydropower project in Sierra Leone, DBSA has committed US$4.9 million to finance remaining project development activities.
Ethio telecom, Safaricom to apply equal termination tariff rate on voice calls
Following the call made by Ethio telecom to apply voice call equal termination rate among operators in Africa, Safaricom has agreed to implement the initiative.
Centurion Law Group set to become first African legal firm to be publicly listed
Centurion Law Group is set to become the first African legal and energy advisory firm to be publicly-listed this year, as it prepares to join one of Europe’s leading stock exchange.
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