News

[South Africa] Nedbank’s MobiMoney surpasses 50k users

12-05-2018 | 13:48:00
Nedbank’s new mobile account, MobiMoney, has seen more than 50 000 people sign up less than eight weeks after the bank rolled out a pilot project for the service.

Africa SDG report calls for critical investments in urbanization

12-05-2018 | 13:45:16
The 2018 Africa Sustainable Development Report has called on African governments to prioritize investments in water, sanitation and urbanization.

[Kenya] Safaricom trials new base stations for urban areas

12-05-2018 | 11:46:00
Safaricom has today began trial of a new and innovative network coverage technology aimed at enhancing coverage in urban areas.

Nigeria government, investors set to benefit from Africa Trade Insurance Agency’s investment

12-05-2018 | 11:29:19
The Government of Nigeria and private sector investors are set to receive support that will help boost key industries such as the banking sector.

OFID invests $50 million to support Egypt purchase gas, petroleum products

12-05-2018 | 11:20:36
The OPEC Fund for International Development, OFID, has announced it is contributing $50 million to support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas.

Central African Republic formalizes Afreximbank membership, deposits ratification document

12-05-2018 | 08:57:41
Central African Republic has formalized its membership of the African Export-Import Bank, Afreximbank.

AC Hotels by Mariott opens Cape Town hotel, the first in Africa and Middle East

12-05-2018 | 08:54:15
AC Hotels by Marriott, European-inspired lifestyle brand, has opened AC Hotel Cape Town Waterfront marking the debut of the brand in Middle East and Africa.

[Kenya] Cellulant to build a single payments API for Africa’s fintech companies

12-05-2018 | 08:23:00
Pan-African payments company Cellulant has announced plans to build an application programming interface (API) for Africa’s payments companies to solve Africa’s payment problems.

South Africa ratifies African Continental Free Trade Area

12-05-2018 | 06:42:52
South African parliament has ratified the agreement establishing the African Continental Free Trade Area.

[Cameroon] Africa50 acquires 15 per cent of equity in Nachtigal Hydropower Plant

12-05-2018 | 06:35:30
Africa50, the pan-African infrastructure investment platform, has acquired 15 per cent of the equity stake in the Nachtigal Hydro Power Company.

Senegal's industrial park open for business

12-05-2018 | 06:30:00
Forty kilometers from the capital, Dakar, a new industrial park has opened.

AfDB, Big Win Philanthropy, Dangote Foundation launch plan to improve child nutrition across Africa

12-05-2018 | 06:23:26
Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan.

Mastercard and Housing Finance Bank partner to help build Uganda’s digital payments ecosystem

12-05-2018 | 05:42:00
Mastercard has partnered with Housing Finance Bank, to launch Mastercard Debit and Prepaid Card options to the bank’s customers in Uganda to deliver a quick, convenient and secure alternative to cash.

[Kenya] Safaricom introduces interactive customer care Chatbot

12-05-2018 | 05:33:07
Safaricom has introduced Zuri, an artificial intelligence (AI) Chatbot assistant available on Telegram and Facebook Messenger. Zuri will offer a fast, convenient and easy way to manage customers’ queries.

[Kenya] Panalpina expands facilities at Jomo Kenyatta International Airport

12-04-2018 | 14:00:21
Panalpina continues to expand and invest in Kenya, doubling its cold storage space at Nairobi’s Jomo Kenyatta International Airport.

[Gabon] Bolloré Logistics starts operations at new logistics hub

12-04-2018 | 13:56:34
Bolloré Logistics has opened a new logistics hub in Lastourville, Gabon.

[South Africa] Fiat Chrysler Automobiles unveils flagship dealership in Sandton

12-04-2018 | 13:52:00
Fiat Chrysler Automobiles (FCA) South Africa has opened a new flagship dealership in Gauteng.

Middle East,Turkey and Africa personal computing devices market to decline to lowest levels since 2009, study

12-04-2018 | 13:41:00
The Middle East, Turkey and Africa (META) personal computing devices (PCD) market, which is made up of desktops, notebooks, workstations, and tablets, will slump to its lowest levels in a decade next year.

[Nigeria] Sirius Petroleum acquires 75% shareholding in Precision Energy

12-04-2018 | 12:40:00
Sirius Petroleum, the Nigeria-focused oil and gas development and production company, has entered into a conditional sale and purchase agreement with Precision Energy Group (“PEG”) to acquire a 75% shareholding.

Kenyan manufacturing at risk if government, firms do not prepare for digital future, report

12-04-2018 | 11:48:00
Kenyan manufacturing risks further de-industrialization if the government and firms do not adapt to new digital technologies.