News

Ecobank, Red Cross partner in digital fund raising initiatives across Africa

11-13-2018 | 06:33:47
Ecobank and the International Federation of Red Cross and Red Crescent Societies (IFRC) have signed an agreement to work closely together to empower local communities to cope with disasters more efficiently.

[South Africa] Business people head to Germany in search of opportunities

11-13-2018 | 06:17:00
A group of South African business people is in Germany on an Outward Selling Mission to seek sub-contracting opportunities from the German and European multinationals.

Nigeria's property market embraces tech to drive growth

11-12-2018 | 13:32:00
Nigeria’s property market continues to embrace technology to make the real estate sector more investable, increase liquidity and drive greater home ownership.

African Financial Alliance on Climate Change unveils guiding principles

11-12-2018 | 13:31:31
The African Financial Alliance on Climate Change (AFAC) unveiled its guiding principles at the recently concluded Africa Investment Forum.

Africell receives $100 million from OPIC to grow foothold in Uganda and DR Congo

11-12-2018 | 11:49:00
The Overseas Private Investment Corporation (OPIC) and Africell Holdings Limited have signed a commitment letter for $100 million to expand access to telecommunications in Africa.

[Kenya] iHub partners with Raise to digitize its assets

11-12-2018 | 11:45:00
Kenyan innovation hub and tech accelerator iHub is partnering with Raise, a Bahamian and Kenyan technology company that has developed a company ownership platform to manage compliant digital securities in frontier markets.

[Egypt] Eni sells 20% stake in Nour North Sinai Offshore concession to Mubadala Petroleum

11-12-2018 | 10:48:00
The CEO of Petroleum & Petrochemicals, Mubadala Investment Company, Musabbeh Al Kaabi, and the CEO of Eni, Claudio Descalzi, have today signed an agreement for the sale of a 20% participating interest to Mubadala Petroleum.

Telkom Kenya appoints Mugo Kibati as its new CEO

11-12-2018 | 09:43:00
Telkom Kenya has appointed Mr. Mugo Kibati as its new Chief Executive Officer.

Cameroon hydropower project to increase power generation capacity by 30 per cent

11-12-2018 | 09:32:42
IFC, a member of the World Bank Group, in partnership with the Government of Cameroon, and EDF have signed a set of agreements that will lead to the construction of the Nachtigal hydroelectric plant.

World Bank approves $20m to upgrade Djibouti residential conditions

11-12-2018 | 07:50:00
The World Bank has approved an International Development Association package of $20m to support Djibouti’s efforts to improve the living conditions for residents of urban areas, achieve its Zero Slum strategy.

BADEA acquires stake in Eastern and Southern African Trade and Development Bank

11-12-2018 | 07:32:00
The Arab Bank for Economic Development in Africa (BADEA) has acquired an equity stake in the Eastern and Southern African Trade and Development Bank, formerly known as PTA.

Africa agribusiness, a $1tr business by 2030

11-12-2018 | 07:27:00
With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach US$1 trillion by 2030. Agribusiness will become the ‘new oil” on the continent.

[Kenya] Azuri, APA Insurance introduce low-cost funeral cover for solar and off-grid customers

11-12-2018 | 07:17:00
Azuri Technologies and APA Insurance have announced the launch of HospiCash, a low-cost micro-insurance product for Azuri solar power customers across Kenya.

Mara announces first African-made smartphone

11-12-2018 | 07:15:40
African high-tech player Mara has announced the production of their newest product the Maraphone – the first made-in-Africa, full-scale smartphone, soon to be manufactured in plants across Africa.

Rockwell Automation names Susana Gonzalez President, EMEA Region

11-12-2018 | 07:12:00
Rockwell Automation has named Susana Gonzalez president of Europe, Middle East, and Africa (EMEA) region.

Kenya targets green energy sufficiency by 2020

11-12-2018 | 07:09:07
Kenya targets to attain 100 per cent transition to green energy by 2020 as it scales up investment in renewable energy to address the climate change challenge concretely, President Uhuru Kenyatta has said.

Afreximbank, CDC Group sign $100m master risk participation agreement

11-12-2018 | 07:06:00
The African Export-Import Bank and CDC Group have, in Casablanca Morocco, signed a $100-million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme.

AfDB approves $50 million partnership with Natixis to expand trade in Africa

11-12-2018 | 07:05:37
The Board of Directors of the African Development Bank Group has approved a $ 50 million Risk Participation Agreement (RPA) for Natixis.

Malawi Bureau of Standards obtains international accreditation of its lab through SQAM Project

11-12-2018 | 06:59:28
The Malawi Bureau of Standards has obtained the accreditation of its testing laboratories through the technical assistance provided by UNIDO and UNDP.

Africa50 signs agreement with Rwanda to develop Kigali Innovation City

11-09-2018 | 14:02:00
Africa50, the pan-African infrastructure investment platform, has signed an agreement with Rwanda to develop and finance a “Digital Innovation Precinct”, including commercial and retail complexes, as part of Kigali Innovation City.