African Infrastructure Investment Managers acquires stake in BBOXX as it expands to off-grid solar market
African Infrastructure Investment Managers has acquired through its African Infrastructure Investment Fund 3 a minority stake in BBOXX’s operations in East Africa.
Armadale has entered into final formal sale agreement with African Royalty Company Limited for the sale of the Mpokoto Gold Project in the Democratic Republic of Congo.
Lactiangol, Angola's main dairy unit, has been acquired by the Webcor group, in a deal valued at $30 million.
Canadian mineral exploration company African Metals Corporation has completed the sale of all or substantially all of its assets as approved by special resolution of its shareholders.
Scenes of traders, travelers, fishermen and women crossing the Zambezi river on floating planks, ferries, rickshaw boats, and canoes will soon come to an end.
The African Development Bank will boost the private sector in the DRC by providing a $ 15 million credit line to Rawbank.
Konnect Africa, an initiative of the satellite operator Eutelsat dedicated to satellite broadband on the African continent, has launched its Internet access offers throughout the Congolese territory.
Zhengzhou Yutong Bus Co., Ltd. , global bus supplier, has produced its 15,000th bus to be delivered to Africa at its factory in Zhengzhou, Henan Province.
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.
On the sidelines of the Africa Investment Forum, the African Development Bank and Africa50 have signed an agreement with the Democratic Republic of Congo and the Republic of Congo to develop and finance the first road-rail bridge project linking their capitals – Kinshasa and Brazzaville.
The Democratic Republic of Congo government has indicated its support for the 50 Million African Women Speak project which has now officially been launched in the country.
A consortium of international bankers, Papersoft Africa, and Digital Transformation company iVEDiX have teamed up to launch a transformative blockchain and digital currency initiative.
The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank totaling over $110 million.
Congo Airways’ present fleet of two Airbus A320 and two Bombardier Q400NextGen will be boosted when four more aircraft, wet leased from Ethiopian Airlines, will arrive in Kinshasa.
The Ed-tech startup which aims to improve the quality of teaching via the internet by providing access to digital lessons beat 10 other startups to emerge the overall winner.
BBOXX , a next generation utility, and General Electric, GE, have launched a partnership to provide energy access for small businesses, schools and other organisations in Goma, Democratic Republic of Congo (DRC).
“Financing industrialization is not only about chasing money,” Antonio Pedro, Director of the ECA Subregional Office for Central Africa has said.
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
Global telecom tower infrastructure company Helios Towers has invested in upgrading and building backbone sites covering 1,800km in the Democratic Republic of Congo.
The GSMA has announced the findings of its latest report, ‘Reforming mobile sector taxation in the Democratic Republic of the Congo (DRC): Enabling economic growth through a supportive tax system’.
African Infrastructure Investment Managers today announces its acquisition of a 50% stake in Société d’Exploitation et de Gestion Aéroportuaires, a holding company with an established portfolio of airport investments across West and Central Africa.
BBOXX, a next generation utility, has signed a pioneering deal with the Government of the Democratic Republic of Congo (DRC), which will bring reliable, renewable electricity to 2.5 million citizens in the DRC by 2020.
Initial steps towards the construction of a $300 million dry port at Kasumbalesa border post, on the DR Congo and Zambia has begun following the commissioning of the project.
Today Nestlé announces a reorganization in Sub-Saharan Africa. These changes will ensure its Sub-Saharan Africa business continues on a healthy growth path, delivering affordable nutrition to as wide a population as possible.
The GLACCNR coalition is ready to mobilise and work with host communities to resist plans by Uganda and the DRC to conduct oil activities in the Greater Virunga
A Congolese young woman has developed a new alternative technology that could lead to longer-life batteries for EVs and is also relevant to grid stations, satellites and other energy storage systems.
The Republic of the Congo has suffered dearly during the oil collapse; and Congolese President Denis Nguesso has pledged that the country would no longer be sitting on the side lines, suffering the effects of global decision-making in the oil industry without a voice.
NovoMoto, a spinoff from the University of Wisconsin–Madison, is finishing its first 100 solar lighting installations in the Democratic Republic of Congo.
UNECA launches campaign to have Central African states operationalize preferential tariff to ease trade
The United Nations Economic Commission for Africa is launching a campaign to have all countries of the Economic Community of Central African States operationalize the ECCAS Preferential Tariff one of the instruments for easing trade in the zone.
Dubai-based flydubai’s inaugural flight touched down yesterday at N'djili Airport (Kinshasa International Airport - FIH). flydubai will operate daily flights to N’djili Airport with an enroute stop in Entebbe.
Nonprofit organization TechnoServe has announced four initiatives to boost the livelihoods of smallholder coffee farmers. Over the next five years, these new projects are expected to benefit nearly 90,000 farmers in four countries.
Ethiopian Airlines has launched three new flights to Kisangani and Mbuji Mayi in the Democratic Republic of the Congo (DRC) and Nosy-Be in Madagascar.
DP World has won a 30-year concession with an option of a further 20-year extension for the management and development of a greenfield multi-purpose port project at Banana, Democratic Republic of the Congo.
The Board of Directors of the African Development Bank has granted a $15 million loan to Congolese bank Rawbank, the country's largest commercial bank with 24 per cent market share and 300,000 customers.
Afreximbank, Development Bank of Central African States in pact to promote trade and regional integration
The African Export-Import Bank, Afreximbank, and the Development Bank of Central African States have entered into a memorandum of understanding to harmonize their efforts in the promotion of trade and regional integration.
Democratic Republic of Congo's government reinstates illegal logging concessions in breach of its own moratorium
The Congolese Minister of Environment, Amy Ambatobe, has reinstated 6,500 km² of logging concessions that were cancelled in August 2016 by the then Environment Minister Robert Bopolo.
Dubai-based flydubai has announced the start of flights to Kinshasa, the capital of the Democratic Republic of the Congo (DRC) from 15 April.
The African Development Bank (AfDB) Group will work towards the realization of a system for fiber optic interconnection between the Central African Republic, Cameroon and Congo.
BBOXX, a next generation utility, has launched large pay-as-you-go (PAYG) solar systems in towns and cities in the Democratic Republic of Congo (DRC).
LCB Bank and Mastercard working together to contribute to the Republic of Congo's economy transformation
LCB Bank, a subsidiary of BMCE Bank Of Africa Morocco Group, and Mastercard have announced their partnership focused on digitizing the Congo's financial economy in support of the countries desire to financially empower its citizens.
South Africa and the Democratic Republic of Congo have committed to remove hurdles that hinder business interactions between business people of the two countries.
Two Cape Town winemaking companies are optimistic that the Investment and Trade Initiative (ITI) to the Democratic Republic of Congo (DRC) will give them an opportunity to expand their footprint to the DRC and neighbouring countries.
Pan African cement manufacturer, the Dangote Cement has maintained its strong hold in the Nigeria domestic cement market accounting for 65 percent of the Nigerian market volume.
The savannahs of Africa cover a mind-boggling 600 million hectares, of which 400 million hectares are cultivable, the President of the African Development Bank, Akinwumi Adesina, has said.
Moneytrans, a fintech company serving migrants has launched a smart and convenient mobile application that can send money in minutes, in and out of Africa, to one of its 250,000 points.
Pan-African infrastructure investment platform Africa50, has welcomed Guinea and the Democratic Republic of Congo as its latest members.
Pact and Microsoft Corp. have announced an expanded partnership to address child labor in mining in the Democratic Republic of Congo (DRC).
A high demand for South African products by people in his native country of DR Congo on perceived quality, was the spark that inspired Mike Bondo to start an online shop dubbed McShop connecting buyers to local and international brands
Digital innovation is driving transformation within the local mining sector. This shift, according to leading converged ICT solutions provider, iWayAfrica, is driving growth and becoming a key differentiator within the Democratic Republic of the Congo.
Jeweller completes first export of responsible and conflict free artisanal gold from Eastern Congo to Canada
Partnership Africa Canada and Fair Trade Jewellery Co. has announced the first export of conflict-free and traceable artisanal gold from the Democratic Republic of Congo to Canada.
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department has banned the import of poultry meat and products, including poultry eggs from DR Congo following outbreaks of high pathogenic H5 avian influenza
Partnership Africa Canada has announced the Just Gold project has successfully implemented a system to trace legal and conflict-free artisanal gold in the Democratic Republic of Congo.
Construction of new and modern cross border market facilities worth $2.2 million has commenced in Rusizi at the border of Rwanda and Democratic Republic of Congo (DRC), following the ground breaking ceremony. Hon. Francois Kanimba, the Minister for Trade, Industry and East African Affairs (MINEACOM) presided over the event.
In the African Region which alone bears 40% of the population suffering from NTDs, great strides have been made in the past years. Togo has just eliminated Lymphatic Filariasis as a public health problem.
TradeMark East Africa (TMEA) has signed a Memorandum of Understanding with Democratic Republic of Congo (DRC) to facilitate projects that will improve cross border trade and enhance trade links between the country and East Africa Community member states.
Ministers from nine African nations (Morocco, Angola, Burundi, Central African Republic, Chad, Democratic Republic of Congo, Gabon, the Republic of the Congo and Rwanda) have today gathered in Oyo at the invitation of the President of the Republic of the Congo to sign a Memorandum of Understanding on the creation of the Congo Basin Blue Fund.
The African Export-Import Bank (Afreximbank) and the Government of the Republic of Congo have signed a facility agreement under which the Bank will provide $250 million in future flow pre-financing to meet the Government’s strategic plan for its oil fields.