News

AfDB commits to support Equatorial Guinea’s agro industry plan

09-06-2018 | 13:01:03
The African Development Bank group has committed to support Equatorial Guinea’s economic diversification into agro-industry and a program of capacity building to foster public policies.

Kenyan solar startup Agsol selected for Microsoft Airband Grant Fund

09-06-2018 | 11:36:36
Kenyan solar startup Gasol is among three startups that have been selected for Microsoft’s third annual Airband Grant Fund.

PIDG receives £500m from DFID for infrastructure projects

09-06-2018 | 11:31:52
The Private Infrastructure Development Group Ltd, PIDG, has announced that UK’s Department for International Development (DFID) has approved a further tranche of funding of up to £500m for the four-year period, 2018 to 2021.

Internet Solutions rolls out upgraded network in Nigeria

09-06-2018 | 11:23:00
Internet Solutions, a pan-African telecommunications services provider, has launched the first iDirect DVB-S2X network in Africa, which is currently live across more than 300 sites in Nigeria.

Power outages in Sub-Saharan Africa cost companies 31% in sales

09-06-2018 | 09:01:28
In Sub-Saharan Africa, countries with unreliable power cost some companies as much as 31 percent in sales, according to a new study released by the Center for Global Development.

Mauritius enlists Motorola Solutions support in disaster response

09-06-2018 | 08:58:00
In recent years, rapid urbanization trends have been accompanied by global climate changes and a dramatic increase of natural disasters.

Africa Energy begins oil drilling in offshore Namibia

09-06-2018 | 08:53:00
Africa Energy Corp, an oil and gas company with exploration assets offshore Namibia and South Africa has announce the initial drilling of the Cormorant-1 well on Petroleum Exploration License 37 offshore Namibia.

[Ghana] Artisanal millers granted limited small-scale timber rights

09-06-2018 | 07:57:00
Artisanal timber millers are the key suppliers to Ghana’s domestic timber market. However, they have only limited access to commercial timber from production forests.

[South Africa] Yoco secures Series B raise of $16m, led by Partech

09-06-2018 | 07:52:00
Yoco, the South African-based Point of Sale payments provider, has raised a Series B round of US$16M led by Partech, a Venture Capital firm based in Silicon Valley, Europe and Africa.

[South Africa] Four fintechs selected for AlphaCode’s R2.5m program

09-06-2018 | 07:42:00
Four businesses that are shaking up financial services have been named as finalists in AlphaCode’s recently launched accelerator programme, AlphaCode Accelerate.

Solar firm Fenix International reaches 150,000 Zambians in 9 months

09-06-2018 | 07:25:23
Leading pay-go energy company Fenix International has reached 30,000 Zambian households just 9 months after expanding into the country.

[South Africa] Sygnia to list on A2X

09-06-2018 | 07:24:00
Sygnia Limited has been approved for a secondary listing on A2X Markets and will list on Thursday, 13 September 2018.

[Nigeria] UBA’s chat banker, Leo, launched on WhatsApp

09-06-2018 | 07:00:00
Pan-African Financial Institution, United Bank for Africa has announced the commencement of its chat banker ‘Leo’ on the WhatsApp platform.

[Uganda] Capital Markets Authority Act consolidated to ease reference

09-06-2018 | 06:57:00
The Capital Markets Authority (CMA) Act Cap 84 has been reprinted as a way of updating it to incorporate all amendments effected by the CMA Amendment Act, 2011 and the CMA Amendment Act, 2016.

Telkom Kenya unveils 200 new 4G sites in Nairobi

09-06-2018 | 06:54:49
In a bid to cater for the growing demand for data, Telkom Kenya has unveiled 200 new 4G sites within Nairobi and its environs.

[Kenya] Marubeni to construct Kengen’s geothermal power plant

09-06-2018 | 06:46:23
Kenya Electricity Generating Company Limited has awarded Japanese company Marubeni Corporation an engineering, procurement and construction contract for the construction of a 70 megawatts class geothermal power plant.

Ethiopia and TMEA sign host country agreement renewing partnership

09-06-2018 | 06:42:14
TradeMark East Africa (TMEA) and the Government of Ethiopia have signed a Host Country Agreement (HCA) paving the way for TMEAs expansion into Ethiopia.

[Kenya] Longhorn Publishers bets on strategic plan to grow profits

09-06-2018 | 06:38:29
Longhorn Publishers PLC has recorded a 17 per cent increase in turnover to close at Shs 1.69 billion against the previous year turnover of Shs 1.45 billion.

Ethiopian Airlines introduces Lufthansa Lido/Flight 4D into its system

09-06-2018 | 06:35:00
Ethiopian Airlines Group and Lufthansa Systems have announced the introduction of Lufthansa’s Lido/Flight 4D solution in Ethiopian’s flight planning system.

ECOWAS seeks more cooperation on customs services of member states

09-06-2018 | 06:33:20
Experts from the Customs sector of the Economic Community of West African States (ECOWAS) are reviewing a draft Supplementary Act on mutual administrative assistance and cooperation between customs administrations among Member States.