News

[South Africa] Institutions wage war on illicit tobacco trade

08-17-2018 | 10:46:00
The South African Revenue Service, the Tobacco Institute of Southern Africa and the Fair-trade Independent Tobacco Association have discussed how to combat illicit trade in cigarette.

Afreximbank posts $343 million gross revenue in first half of 2018

08-17-2018 | 10:36:08
The African Export-Import Bank, Afreximbank, has released its unaudited financial statements for the half-year period ended 30 June 2018, showing gross revenue of $343 million.

Hapag-Lloyd invests in growing East African market

08-17-2018 | 08:19:26
Multinational German-based transportation company Hapag-Lloyd has continued to focus on the growing market in East Africa.

Angola and Zambia sign visa waiver agreement

08-17-2018 | 06:16:52
The Angolan and Zambian have held a launch of the visa-free agreement in ordinary passports, in a simultaneous act in both countries.

[Kenya] Apptivate Africa targets more companies with e-lunch scheme

08-17-2018 | 06:15:00
Europe’s transformative digital lunch scheme provider is looking to sign in more companies across Africa after a successful two-year test run in Kenya.

ECA lauds Botswana government for growth and diversification plans

08-17-2018 | 06:12:53
The Executive Secretary of the Economic Commission for Africa Vera Songwe has commended Botswana for being one the fastest growing economies in the SADC region at about four to five percent and for its plans for diversifying the economy.

Kenya and Mediterranean Shipping Company revive National Shipping Line

08-17-2018 | 06:11:00
President Uhuru Kenyatta has witnessed the signing of an MOU between the Ministry of Transport and Infrastructure and the Mediterranean Shipping Company for the revival of the Kenya National Shipping Line.

Zambia seeks $22m in tax on internet calls

08-16-2018 | 14:23:37
Zambia expects to raise $22 million annually in new tax on internet phone calls. The cabinet approved on Monday, a 30 ngwee (0.3 kwacha; $0.03) daily tariff charged on online phone calls.

Ugandan maize lowers flour prices in Kenya to 6-year low

08-16-2018 | 13:27:45
Maize flour prices in Kenya have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western region, easing inflationary pressure.

[Kenya] Safaricom to introduce finger biometric to curb SIM card fraud

08-16-2018 | 12:50:43
Safaricom, Kenya’s largest telecommunication service provider is in the process of developing a framework that will deal with the sim card swap fraud.

Kenyan manufacturers seek COMESA’s support to stop counterfeits

08-16-2018 | 12:50:00
The Kenya Association of Manufacturers (KAM) has urged COMESA to consider establishing an institution to deal with counterfeits and dumping in the regional market.

African banks partner with Clickatell for WhatsApp business solutions

08-16-2018 | 12:45:00
Global customer engagement company, Clickatell, is an authorized WhatsApp business solution provider.

Liquid Telecom to roll out Sigfox IoT network across Kenya

08-16-2018 | 11:58:05
Liquid Telecom Kenya has today announced plans to roll out the Internet of Things (IoT) network across Kenya.

[Nigeria] Fintech startup secures $13M Series A

08-16-2018 | 10:38:00
Mines, a Nigerian fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth.

Investment strategy pays off for Telecom Egypt

08-16-2018 | 10:35:00
Telecom Egypt has announced its quarter two 2018 financial results ending 30 June 2018 with a strong operational performance indicating the success of its long-term investment strategy.

[Mali] Ashanti Gold announces first results for Gourbassi West project

08-16-2018 | 10:30:00
Gold exploration company Ashanti Gold Corp. has announced first results for Gourbassi West from the recently completed 105 hole Reverse Circulation and Diamond Drill.

[Nigeria] Madesoftlogic unveils ESOPOS software to enhance EODB

08-16-2018 | 09:10:00
To enhance the ease of doing business (EODB) and technology inclusiveness for Small and Medium Enterprises (SMEs), Madesoftlogic has unveiled ESOPOS, a cloud based Point of Sale (POS) software.

Kenya’s ‘fruitless years’ in South Africa comes to an end

08-16-2018 | 08:32:00
South Africa’s government announced that it has lifted the decade-long ban on the importation of avocado fruits from Kenya.

One Acre Fund receives $5 million facility to assist E. Africa farmers

08-16-2018 | 08:24:00
Calvert Impact Capital, the mission-driven investor dedicated to creating a more equitable and sustainable world has announced the closing of a $5 million loan to One Acre Fund.

Maxtech expands vanadium exploration in Zambia

08-16-2018 | 08:20:00
Canadian-based diversified industries corporation Maxtech Ventures Inc. has announced that Maxtech Mining Zambia's two large scale exploration licenses filed in Zambia have been validated by Zambia Minister of Mines.