Equity Group Holdings (EGH) received regulatory approval to merge Equity Bank Congo (EBC) and Banque Commerciale Du Congo (BCDC) to form a new bank - Equity Banque Commercial du Congo (EquityBCDC).
Education Cannot Wait (ECW) announced $22.2 million in catalytic investment grants to accelerate education in emergency response in the Democratic Republic of Congo (DRC).
Gridworks, the company set up to develop and invest in electricity networks across Africa, welcomed the announcement that a consortium it is leading has been appointed preferred bidder for the Essor A2E Initiative (Essor) in the Democratic Republic of Congo.
AfDB grants additional $3.5m to Central African Republic for electricity interconnection project with DRC
The African Development Bank (AfDB), granted an additional donation of $3.52 million to the Central African Republic to help the country to complete the first phase of an electricity interconnection project with the Democratic Republic of the Congo (DRC).
USAID’s Pay As You Go Liquid Petroleum Gas Program awarded a grant to Bboxx to test and scale up LPG technology in the Democratic Republic of Congo.
Bboxx, a next generation utility, has secured a $4 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), a debt fund managed by Lion’s Head Global Partners (LHGP), to accelerate Bboxx’s operations in the DRC.
An outbreak of the deadly Ebola virus disease in the Democratic Republic of Congo (DRC) is over, the government announced after a five-month response supported by the UN’s World Health Organization (WHO) and other partners.
Airlink, the privately-owned and independent regional airline, will connect South Africa and the Democratic Republic of Congo (DRC) when it launches its new scheduled passenger flights between Johannesburg and Lubumbashi on 30 November 2020.
National Aviation Services (NAS), airport services provider has been awarded a new ground handling license - Certificat d’Operateur d’Assistance en Escale (COEA) by the Civil Aviation Authority of the Democratic Republic of the Congo (DRC).
The OPEC Fund for International Development (the OPEC Fund) is providing two loans totaling $45 million to help increase the supply of potable water and boost food security in the Democratic Republic of Congo.
The cross-industry initiative “Cobalt for Development” has started trainings for twelve artisanal mining cooperatives in October in Kolwezi, Democratic Republic of Congo.
Crown Agents Bank has collaborated with VODACASH SA in the innovating project of enabling international mobile payments in the Democratic Republic of Congo (DRC) through the M-Pesa brand.
Ebola is spreading in a western province in the Democratic Republic of the Congo (DRC), raising fears that the disease could reach neighbouring Republic of Congo and even the capital, Kinshasa, the World Health Organization (WHO) said.
The Ministers’ Council of the Democratic Republic of Congo (DRC) has approved Perenco’s proposition to launch an electricity production project in the country.
The United States, through the U.S. Agency for International Development (USAID), announced more than $15 million in additional humanitarian assistance to help end the outbreak of Ebola in Équateur Province in DRC.
Construction works for phase 1 of a 600 MW photovoltaic plant in the Menkao district of Kinshasa, Democratic Republic of Congo (DRC), was launched by H.E. President Felix Tshisekedi.
Nespresso has announced a long-term commitment to revive the Democratic Republic of Congo's (DRC) coffee industry, under its unique Reviving Origins program.
Surrounded by major African oil & gas producers Republic of Congo and Angola, the Democratic Republic of Congo (DRC) has so far remained relatively absent of Africa’s league of hydrocarbons producers.
The United Nations World Food Programme (WFP) warns millions of lives could be lost in Democratic Republic of Congo (DRC) due to hunger unless the international community steps up with more help.
[Kenya] Equity Group Holdings completes acquisition of majority stake in Banque Commerciale Du Congo
Equity Group Holdings PLC has announced the completion of its acquisition of 66.53 per cent stake in the Banque Commerciale Du Congo (BCDC) at a cost of $95 Million.
The United States, through the USAID, is providing more than $7.5 million in additional humanitarian assistance to help end the 11th outbreak of Ebola in Équateur Province in Northwestern Democratic Republic of the Congo.
Ebola outbreak in the Democratic Republic of the Congo’s (DRC) Equateur Province continues to grow, causing major concern as the World Health Organization (WHO) and partners face critical funding gaps.
The COMESA National Federation of National Associations of Women in Business (FEMCOM) Chapter in DR Congo has embarked on a $2.3 million project to support women in business.
IFAD announced support for a new programme in the DRC to reduce poverty, increase productivity and incomes, improve food and nutrition security, and build the resilience of more than 410,000 small-scale farmers households.
The Government of the Democratic Republic of Congo and TradeMark East Africa (TMEA) are working on the construction of the One-Stop Border Post (OSBP) at Mahagi in Ituri Province, on the border with Uganda.
The Security Council renewed the sanctions regime imposed on the Democratic Republic of the Congo for one year, while extending for 13 months the mandate of a Group of Experts tasked with assisting in the oversight of those measures.
More than 150 trained Red Cross volunteers have been deployed as part of a first wave of response to the latest Ebola outbreak in the Équateur Province, in the western part of Democratic Republic of the Congo.
The African Development Bank granted Abidjan a funding of $13.55 million to support the fight against the Covid-19 pandemic within the Economic and Monetary Community Central Africa (CEMAC) and the Democratic Republic of Congo (DRC).
Gilat Telecom has announced the commercial availability of its Software-Defined Wide Area Network (SD-WAN) for both satellite and fiber networks after extensive testing by a major pan-African operator.
The World Bank Group approved $47 million in financing from the International Development Association (IDA) to fund the emergency response to the COVID-19 epidemic in the Democratic Republic of Congo (DRC).
Konnect Africa, Schoolap and Flash Services have announced a Memorandum of Understanding to connect several thousand schools across the Democratic Republic of Congo (DRC) to the Internet.
The German Federal Ministry for Economic Cooperation and Development (BMZ) has contributed $54 million to a resilience building programme in the east of the Democratic Republic of the Congo (DRC).
The German Federal Ministry for Economic Cooperation and Development has contributed EUR 50 million to a resilience building programme to be implemented by FAO, UNICEF and WFP in the east of the Democratic Republic of Congo (DRC).
South Africa's Openserve says it has received confirmation from the cable ship Leon Thevenin that the portion of the SAT3/WASC repair offshore Congo has been completed.
The Government of the Democratic Republic of the Congo and General Electric have announced signing of an MoU in infrastructure projects enabling the increase in the supply of electric energy and health modernization programs.
High-performance internet connectivity was restored in the Democratic Republic of Congo within just four days after the West Africa Cable System undersea cable cut.
AVZ Minerals announces that its subsidiary AVZ Power, has signed a Memorandum of Understanding with the DRC Ministry of Hydraulic Resources and Energy to investigate refurbishment of the MpianaMwanga hydro-electric power station.
DPO Group, a payments technology company in Africa, has announced that it is now operating in Senegal, Côte d'Ivoire and the Democratic Republic of Congo in francophone Africa.
Bboxx, a British next generation utility company signed a memorandum of understanding with the Government of the Democratic Republic of Congo to bring affordable, reliable and clean electricity to 10 million citizens by 2024.
Anglo African Oil & Gas, an independent oil and gas developer has entered into a term sheet for a put and call option agreement with Zenith Energy over the residual holding of 20 per cent in AAOG Congo.
Global Agriculture and Food Security Program announces new grants to fight hunger, poverty in FCV countries
The Global Agriculture and Food Security Program (GAFSP) announced that seven projects in countries affected by fragility, conflict, and violence (FCV) will receive grants totaling $97.6 million.
The Governing Board of the OPEC Fund for International Development (the OPEC Fund) has approved US$310 million of new funding to benefit developing countries across the globe.
The European Commission has announced €50 million to help the most vulnerable people affected by the Ebola epidemic in the Democratic Republic of Congo.
Talia Limited, a communications solutions provider has announced the successful completion of beta testing of its Ka-band High Throughput Satellites (HTS) services in additional African countries.
Four European banks are financing a palm oil company that is violating workers’ rights and dumping untreated waste, Human Rights Watch said in a report.
Eutelsat Communications has announced a multiyear contract signature with Orao Telecom Congo for video capacity aboard one of its satellites
IITA, Kalambo station, newly inaugurated as the President Olusegun Obasanjo Research Campus, has commissioned a new tissue culture laboratory.
The Internet Society in the Democratic Republic of Congo (DRC) launched a new Internet Exchange Point (IXP) in Lubumbashi to bring faster and more reliable Internet access.
The government of the Democratic Republic of the Congo and the Russian company New Cloud Technologies has entered into a partnership.
PhosAgro Group signs partnership with Kropz to promote fertilizer use in South Africa, Ghana and DR Congo
PhosAgro Group, one of the world's leading producers of phosphate-based fertilizers, and Kropz plc., an emerging African phosphate producer, have signed a memorandum of understanding.
Belgium national carrier Brussels Airlines is now operating seven flights per week to Kinshasa again.
[Column] Koketso Lediga: Infrastructure and energy are key to a new economic journey in the Democratic Republic of Congo
The Democratic Republic of Congo (DRC), sub-Saharan Africa’s largest country, is known for being a tough place to do business but also one of unexploited economic potential.
Accor, a leading augmented hospitality group, has announced the debut of its successful midscale brand Novotel in the Democratic Republic of Congo (DRC).
Go.Data is a major innovation in outbreak investigation tools for field data collection.
The European Commission has announced €34.275 million in humanitarian funding to help the most vulnerable people in the Great Lakes region in Africa.
[Column] NJ Ayuk: Between extortion and the sanctity of Petroleum contracts in Nigeria, DRC and Senegal
Last week, a UK commercial court gave reason to a claim by engineering company P&ID, which demands over USD$9 billion from the Nigerian government over a failed gas deal.
The United Nations World Food Programme (WFP) in Malawi is deeply concerned about the worsening food situation for approximately 40,000 refugees and asylum-seekers following a cut in the amount of food assistance they receive.
The World Bank Group announced that it is mobilizing up to US$300 million to scale up support for the global response to the Ebola epidemic in the Democratic Republic of Congo (DRC).
Uganda and DR Congo tax institutions have signed the Regional Electronic Cargo Tracking System (RECTS) standards operating procedures, marking the launch of the RECTs control centre extension to DRC cargo.
The African Development Bank (AfDB) Group signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal to get closer to member states.
The Development Bank of Southern Africa (DBSA) announced that it has committed project preparation funding to the value of USD $2.25 million to Apalia24, an innovative Off-grid Energy and Media Company in DRC.
According to Mercer's 25th annual Cost of Living Survey N'Djamena, Chad takes the lead as the highest-ranking city in Africa.
Most of the South African companies that were funded by dti to participate in the 15th edition of the DRC Mining Week exhibition say it has produced good trade leads and tangible results for them.
The African Export-Import Bank is interested in participating in the syndicated facility for the construction of the bridge between Brazzaville and Kinshasa to link the two Congos.
Smile Telecoms, a Pan-African telecommunications group has appointed Mr. Ahmad Farroukh as Group Chief Executive Officer and Ms. Irene Charnley as Deputy Chairman, respectively, effective 1 June 2019.
BBOXX, a provider of off-grid solar home solutions for rural communities in Africa has entered into an agreement with Victron Energy to provide solar solutions to households across Democratic Republic of Congo.
With the tenth-fastest growing economy in the world this year, Kenya is in the midst of a transformative period of economic growth and advancement.
DR Congo’s newly elected President Felix Tshisekedi and Barrick Gold Corporation’s Executive Chairman John Thornton have confirmed their partnership to develop the country’s gold mining industry.
RwandAir, the national carrier of the Republic of Rwanda has announced that it will launch flights to Kinshasa, the capital city of the Democratic Republic of Congo (DRC) effective 17th April, 2019.
The AfDB Board has approved the allocation of $20 million in loans to the Democratic Republic of Congo, to support renewable-based mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema.
Farmers, youth, women and small businesses in the Democratic Republic of the Congo will gain better access to financial services following the launch of a new project between FSD Africa and Equity Bank Congo.
TM Forum, the global not-for-profit association focused on digital transformation has announced that 50 new companies joined the Forum in recent months.
AngloGold Ashanti achieved guidance for the sixth consecutive year, with improved margins driving significant growth in free cash flow generation.
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.