Kenyan private bank Prime Bank, has partnered with London-based fintech SimbaPay, to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.
[South Africa] JSE enters a transaction with UK fintech company Globacap to establish private markets
JSE Limited, the operator of the Johannesburg Stock Exchange, has entered into a transaction with UK fintech company Globacap to progress a digital private placements platform and registry services.
CDC Group, UK’s development finance institution and impact investor, announced a $75 million debt commitment to Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and member of the Standard Bank Group.
Anglo African Oil & Gas confirms that trading in the Company's ordinary shares on AIM has been suspended with effect from 7.30 a.m. UK time today (5 November 2020).
Crown Agents Bank announced it is expanding its partnership with Paga to increase its payments reach in Nigeria, Africa’s largest economy, as part of its continued growth trajectory.
Ravenswood Solutions has established two new subsidiaries, Ravenswood Technologies UK and Ravenswood Technologies Kenya, after winning a five-year contract from the UK Ministry of Defence.
The UK Government has provided a new package to help control millions of locusts attacking crops across East Africa, Yemen and South West Asia by spraying, monitoring and surveillance.
The UK Department for International Trade (DIT) and Egyptian British Chamber of Commerce (EBCC) organised first retail webinar to explore retail and e-commerce opportunities for British companies in the Egyptian market.
The European Investment Bank and other multilateral agencies have signed an agreement with Development Partners International LLP (DPI) to become the first 2X Flagship Fund.
AirSmat, a Nigeria-based Pan-African Software company, has received a boost of $100,000 from Zetogon as pre-seeding investment to help the organization on the journey to deliver world-class service in Africa.
South Africa's Solidarity Fund received R50m grant from the government of the United Kingdom, aimed at extending ongoing efforts to counter the repercussions of COVID-19, focusing specifically on projects supporting and promoting women.
The resumption of European services will see the leading African carrier switch its UK operations from London Gatwick, with commercial flights to the Rwandan capital now departing from London Heathrow for the first time.
Air Partner, a charter and Freight solutions specialist, has established its first physical presence in South Africa, with a Johannesburg sales office that will provide localised support to Freight clients within the region.
CommunityWFM, Smartz Solutions partner to expand into the UK and South African contact center markets
CommunityWFM, a leading workforce management (WFM) software vendor announced a partnership agreement with Smartz Solutions to fuel international growth.
The euro found strong resistance around the 1.20 level versus the US dollar yesterday, before ending the trading session sharply lower following some contrasting economic news between the US and Euro Area.
Pan-African cross-border payments leader MFS Africa has partnered with global money transfer start-up PaySii to help facilitate remittances in Africa.
UK efforts to stop wild polio in Africa have contributed to the continent being officially declared free from the disease, which can kill or maim children for life.
CDC Group, the UK’s impact investor and development finance institution has established its permanent presence in Egypt with the appointment of Sherine Shohdy as its new Coverage Director.
CDC Group, the UK’s development finance institution and impact investor announced an additional $75 million commitment to its existing trade finance facility with Absa Bank.
We are living in testing times and for telecoms operators, the COVID-19 pandemic is throwing up challenge after challenge, ranging from a major mismatch between network configuration and the new traffic patterns.
Asoko Insight has announced that the deal origination platform will continue to match UK investors and businesses to fund-seeking African corporates for a further six months.
Kenya has sent over 300 bouquets of flowers to London, United Kingdom in a show of solidarity with a country that remains its prime floriculture market amid the Covid-19 pandemic.
South Africans have been generally more observant of lockdown rules than their peers in countries such as the US and UK, car-usage data from Standard Bank Insurance suggests.
The Johannesburg Stock Exchange and FTSE Russell, a subsidiary of the London Stock Exchange have combined forces to launch the FTSE/JSE Fixed Income Indices, which will offer investors enhanced exposure to South African listed debt.
The African Development Bank’s “Fight Covid-19” social bond, the largest social bond to date to be issued in the capital markets, listed on London Stock Exchange and is now available through its Sustainable Bond Market.
The Department for International Development (DFID) has selected McKinsey& Company to help deliver its 'Invest Africa' programme.
Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union.
The UK launched the second round of a business innovation challenge fund that will see an additional 5 promising businesses receive grant funding and technical assistance of up to KES 13,000,000 each.
Climate experts in East Africa are using a UK-funded supercomputer to combat the continent’s worst locust outbreak in 70 years, which is robbing people on the brink of starvation of much-needed food.
Air Senegal, that has chosen London Stansted for its first ever UK service, will operate three flights a week starting on 26th June to the city made famous by the historic long-distance rally.
The UK Prosperity Fund, in partnership with Future Cities South Africa is launching their Future Cities Programme in three of South Africa’s major city municipalities; Cape Town, Johannesburg and Durban.
British Airways and Royal Air Maroc have announced a new codeshare agreement which will open up new routes across Morocco including Casablanca and Agadir.
Workfront announces the appointment of James Murray as the Vice President and Managing Director of Workfront’s operations across Europe, the Middle East and Africa (EMEA).
The UK and international firms should see Africa as a place where they can make a profit, not just do charitable work, according to new research from Overseas Development Institute (ODI).
Union Bank of Nigeria has announced that it has entered a share sale and purchase agreement to divest its 100 per cent equity stake in Union Bank UK.
The United Kingdom has reaffirmed its commitment to Africa’s economic transformation.
Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank, Akinwumi Adesina, to open markets for trading at London Stock Exchange on Wednesday 22 January.
The UK has invested millions in clean energy projects across Africa, to support the continent's growing energy needs.
The International Trade Secretary announced at the UK-Africa Investment Summit that UK Export Finance (UKEF) has provided financing worth £620 million to support UK exports to Ghana, Zambia, Gabon and Uganda.
The UK’s Department for Digital Culture, Media and Sport launches scheme to develop next generation of African start-ups.
The UK is partnering with five African countries to mobilise private sector investment in quality, environmentally-friendly infrastructure projects, International Development Secretary Alok Sharma announces.
During the UK-Africa Investment Summit, the UK and Egypt announced an agreement to enhance economic cooperation between the two nations.
Kenya’s President Uhuru Kenyatta has rang the bell to kick off the trading of Kenya’s first green bond at the London Stock Exchange (LSE).
The UK is boosting support to female entrepreneurs in Africa, helping them overcome barriers to starting businesses and connecting them to global markets, announces the International Development Secretary Alok Sharma.
Billions of pounds of investment in Africa will be generated by the City of London under initiatives announced by International Development Secretary Alok Sharma today.
Standard Bank, Africa’s largest banking group by assets, is partnering with the UK Government to sponsor the inaugural UK-Africa Investment Summit, to be held in London on 20 January 2020.
Clarke Energy, a Liverpool engineering company is helping African businesses reduce carbon emissions thanks to innovative hybrid engines.
The International Development Secretary pledged new UK aid support to build the African cities of the future, so the continent can continue to thrive and reach its economic potential.
The United Nations WFP welcomed a contribution of £3 million from the United Kingdom to help save the lives of over 60,000 Burundian refugees in Mahama camp in eastern Rwanda who had faced ration cuts this month.
On the occasion of her first official visit outside Europe, the new President of the European Commission, Ursula von der Leyen, announced in Addis Ababa, a significant boost to the EU's cooperation with Ethiopia.
The European Commission (EU) announced two new programmes totalling €31 million to boost investment and create jobs in Kenya.
The European Union and COMESA signed 8.8 million Euros Contribution Agreement to increase private sector participation in sustainable regional and global value chains.
The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of small firms in Tunisia by increasing the availability of funds, with a €5 million loan to Compagnie Internationale de Leasing (CIL).
The European Commission has announced €50 million to help the most vulnerable people affected by the Ebola epidemic in the Democratic Republic of Congo.
The European Bank for Reconstruction and Development (EBRD) is strengthening its outreach in Morocco with the opening of a third office, in the city of Agadir, which will cover the regions of Souss-Massa and Marrakech-Safi.
AgDevCo has announced its latest investment in Zambia's agribusiness sector.
Investec has acted as Nominated Adviser, Financial Adviser and Broker to ITM Power on its intention to raise at least £52 million through a strategic investment of £38.0 million at 40 pence per share by Linde UK Holdings.
Bank Al-Maghrib and the European Bank for Reconstruction and Development (EBRD) organised a workshop on London Inter-bank Offered Rate (LIBOR) reform and the launch of a new money market benchmark in Morocco.
The British Embassy in Tunisia announced a UK/Tunisia Sustainable Tourism Charter launched in Hammamet, one of the most popular tourism resorts for British visitors to Tunisia.
Seedlink partners with Water Powered Technologies to introduce zero carbon irrigation to African farmers
Seedlink and UK water pump manufacturer, Water Powered Technologies Ltd, are joining forces in a zero carbon irrigation partnership to help Africa's farmers pump and store water.
Following a successful 18-month pilot, the BoE Stockbrokers will continue a programme of training and technical co-operation first agreed on 17 April 2018 with the SARB (South African Reserve Bank) until March 2022.
WeFarm, a farmer-to-farmer digital network currently in Kenya and Uganda has raised $13 million in a Series A round of funding, with plans to use the money to continue adding more users, farmers, and more services geared to their needs.
The British High Commissioner has encouraged the media fraternity in Malawi to apply for the Chevening Africa Media Freedom Fellowship.
[South Africa] Portfolio Committee on Trade and Industry approves the SACUM-UK economic partnership agreement
The Portfolio Committee on Trade and Industry has considered and approved the SACUM-UK Economic Partnership Agreement (EPA) and it will now go to the National Assembly for ratification.
The Lord Mayor of the City of London Peter Estlin, has announced £10 million of UK Aid support towards the Catalyst Fund during a visit to Nairobi.
Standard Bank International Personal Banking (IPB), a division of Standard Bank Offshore Group (SBOG), triumphed in the 2019 International Investment Awards, walking away with the ‘Excellence in Private Banking’ award in London.
The UK International Development Minister visited Ghana to strengthen trade and investment ties ahead of the UK-Africa Investment Summit in 2020.
Kenya Airways (KQ) has signed an agreement with train ticketing company, AccesRail, to provide its passengers with connectivity to different destinations in Europe through train transfers from 3 of its 5 European gateways.
The European Union (EU) is providing €9.5 million in humanitarian funding to the United Nations’ World Food Programme (WFP) in South Sudan to provide food and nutrition support.
Fugro’s Board of Management has appointed Erik-Jan Bijvank as Group Director for Europe and Africa, effective 1 January 2020.
Thousands of people will be safe from the threat of landmines in Zimbabwe, after the UK pledged its support for demining charity The HALO Trust.
During his visit to Senegal, the Member of the Commission in charge of International Cooperation and Development, Neven Mimica, signed cooperation programmes for a total of €27.5 million.
[South Africa] Global financial leaders launch digital platform to tackle international trade barriers, bolster business growth
Financial leaders from banks around the world convened in London to mark the official launch of the Trade Club Alliance.
The UK Secretary of State for International Development announced a new UK aid package that will help mobilise £500 million in private sector investment and create 50,000 jobs across Sub-Saharan Africa.
South Africa and the United Kingdom will showcase the activities of a joint research chairs programme under the UK-South Africa Newton Fund during a symposium to be held in Pretoria on Wednesday, 2 October.
Google for Startups UK has launched its first-ever Africa immersion cohort, a 12-week programme designed to bring the best of Google expertise and the London startup ecosystem to technology companies from Africa.
UK Government launches programmes supporting Kenyans with disabilities' access employment opportunities
The British High Commissioner to Kenya, Nic Hailey, has launched two UK funded programmes that will support persons with disabilities access employment opportunities.
Air Tanzania has received landing slots for the launch of flights to London's Gatwick Airport.
[South Africa] UK-SA Tech Hub, Future Females partnership delivers first 50 female tech entrepreneurs graduates
Earlier this year Future Females secured a partnership with the UK-SA Tech Hub, to support 50 South African, early-stage female tech entrepreneurs, to transform their ideas into businesses.
Elizabeth Eweka-Adeshina is the founder and CEO of IDHS, a Nigeria health startup.
The Ministry of Agriculture, Animal Industry and Fisheries in Uganda (MAAIF) has partnered with M/S Alvan Blanch and Colas Ltd to improve post-harvest processing systems in Uganda.
The UK-funded Energy Security and Resource Efficiency in Somaliland (ESRES) programme is giving more people across Somaliland access to affordable, clean and renewable energy.
The UK Foreign Office business delegation sign deals worth £82m in Nigeria and Ghana that will see up to 1600 new jobs created and agriculture transformed in Ghana.
Investment Minister Sahar Nasr discussed with UK Department for International Development Permanent Secretary Matthew Rycroft boosting economic cooperation.
Liquid Telecom, a subsidiary of Econet Global, as announced completion and receipt of an investment of $180 million investment from CDC Group plc.
Global software and cloud portfolio management company, SoftwareONE, has launched UCSimple, a comprehensive Unified Communications (UC) managed service, in South Africa, UK.
In a more innocent age, Davos was a high-minded gathering for intellectuals trying to solve the world’s problems.
Ethiopian Airlines has inaugurated flights to Manchester, its second destination in the UK next to London.
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.
UK-based fintech company, Fiskl, has announced a partnership with South African based fintech player, Ocean on 76.
The African Development Bank and African Trade Insurance Agency have announced the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa.
The UK fund will include support for teacher training, through the ministry’s flagship education programme, and support children’s education in governorates across the country.
The High Court of England and Wales in London has continued the injunction prohibiting the Government of Djibouti’s port company, Port de Djibouti S.A. from interfering with the management of the joint venture company.
Absa, one of Africa’s largest diversified financial services groups, has launched its UK office.
World Capacity builders, a British Colombian company, and ImpalaPay Limited a Fintech operating in Kenya recently signed an MOU and are officially strategic partners.
UK Aid is set to invest £1.6 million of capital into Energise Africa to improve access to energy across sub-Saharan Africa and improve the lives of over 11 million people, while boosting UK business opportunities.
British Prime Minister Theresa May, has announced the entry of twenty new UK businesses in Kenya, a feat she termed as a clear demonstration of the confidence the British business community has in Kenya’s attractive investment environment.
UK Prime Minister Theresa May and International Trade Minister George Hollingbery led a 29-strong business delegation on their visit to South Africa, Nigeria and Kenya this week to promote economic ties with Africa.
Kenya Commercial Bank (KCB) continued to play unusual games this week on the demands it has been making on their former client Ms Rose Shumi Miscowicz, months after she lost her Kiraraponi, Karen , Nairobi property to a new buyer she helped the bank to buy her house.
Minister for Africa at the Foreign and Commonwealth Office and the Department for International Development Harriett Baldwin has announced a major new jobs creation and investment programme during a visit to Ghana.