News

Madagascar President seeks Afreximbank support in country’s industrialisation

05-20-2019 | 08:17:00
President Andry Rajoelina of Madagascar has urged the African Export-Import Bank to partner with the government in its effort to make the country the “window into a modern Africa”.

[Nigeria] Shell targets 2,400mw electricity from new gas supply project

05-20-2019 | 07:38:14
The ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria, will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2400 Megawatts.

Eni extends contract with Sonatrach to import Algerian gas into Italy

05-20-2019 | 07:37:35
Eni and Sonatrach have signed agreements to renew the gas supply contract to import Algerian gas into Italy until 2027.

Debmarine Namibia to invest in first ever custom-built diamond recovery vessel

05-20-2019 | 07:25:00
The Board of Directors of Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia, have approved the construction of the first ever custom-built diamond recovery vessel.

[Kenya] Capital Markets Authority set to recover Ksh208 million from illegal trading in fixed income securities

05-17-2019 | 13:09:00
Kenya’s Capital Markets Authority has taken enforcement action against Mr. Rodrick Muhoro, a bond trader, following conclusion of investigations with respect to allegation of irregular trading of Government Securities.

Coca-Cola Beverages Africa selects Demand Driven Technologies to improve supply chain planning and execution

05-17-2019 | 11:21:29
Demand Driven Technologies has signed an enterprise software agreement with Coca-Cola Beverages Africa to deploy Replenishment+® supply chain technology to 26 manufacturing facilities.

Emirates mulls growing African footprint

05-17-2019 | 11:11:00
Dubai based airline Emirates is considering flight frequencies to key African destinations including Morocco, Ghana, Senegal, Egypt, and South Africa as it sees potential for growth in Africa.

Safaricom and UNICEF launch internet of things to promote healthier living in Kenya

05-17-2019 | 09:08:00
UNICEF and Safaricom have launched the Internet of Good Things in Kenya – a set of information and resources which promotes living better and healthier.

Agri SA and Aerobotics partner to offer free service for South African farmers

05-17-2019 | 09:03:00
Agri SA and Aerobotics have announced a partnership to provide South African farmers with access to free satellite farming data and the latest Aeroview In-Field Scouting Application.

[Nigeria] Ebenezer Onyeagwu appointed CEO of Zenith Bank

05-17-2019 | 06:28:00
Nigeria’s multinational financial service provider Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank effective June 1, 2019.

Africa50 launches Innovation Challenge to help increase access to internet in Africa

05-17-2019 | 06:23:00
Africa50, the pan-African infrastructure investment platform, has launched the first edition of its Innovation Challenge at the 2019 Transform Africa Summit holding in Kigali.

Competition Commission South Africa blocks Naspers acquisition of WeBuyCars

05-17-2019 | 06:20:00
The Competition Commission South Africa has recommended to Competition Tribunal that the proposed acquisition of WeBuyCars Ltd by MIH eCommerce Holdings Ltd, an entity of the Naspers Group, be prohibited.

[Kenya] Capital Markets Authority licenses Jubilee Financial Services to operate as a fund manager

05-17-2019 | 06:15:00
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Jubilee Financial Services Limited to operate as a fund manager having met all requirements.

Liquid Telecom launches Azure Stack, Microsoft's cloud service in East Africa

05-16-2019 | 16:03:23
Liquid Telecom Kenya has launched a Microsoft Cloud service in East Africa that offers a step-change in cybersecurity for the region’s most sensitive databases.

[South Africa] Cool Ideas and Angola Cables sign agreement with Angola Cables to advance content partnerships in the US and Latin American markets

05-16-2019 | 15:53:00
South African based ISP, Cool Ideas has signed an agreement with Angola Cables to take up colocation services in their advanced and newly inaugurated data centre in Fortaleza, Brazil.

[Uganda] KCCA flags off construction of five roads

05-16-2019 | 14:00:00
The Kampala Capital City Authority (KCCA) has flagged off a new set of roads to two international firms to start construction work.

Bank of Mauritius bags Best Central Bank for Corporate Governance, Indian Ocean 2019 Award

05-16-2019 | 12:13:00
The International Business Magazine has conferred upon the Bank of Mauritius its Award for ‘Best Central Bank for Corporate Governance Indian Ocean 2019’.

AGRA, UPL partner to increase Africa smallholder farmers’ access to yield-enhancing technologies

05-16-2019 | 10:07:50
Thousands of smallholder farmers are set to benefit from increased access to technologies that support yield increase.

Mahindra South Africa enters farming equipment business

05-16-2019 | 10:03:39
In its endeavour to establish South Africa as its home outside India, Mahindra South Africa has announced entry into its fourth business line, by introducing its range of farming equipment.

South Africa faces weak long-term growth outlook and rising debt, credit profile resilient to shocks, Moody's report

05-16-2019 | 09:17:00
South Africa's new government faces significant challenges in raising growth, stabilizing debt, and strengthening State-Owned Enterprises and institutions, Moody's Investors Service said in a report.