DFC and the members of the 2X Challenge have catalyzed more than $4.5 billion of investment in the world’s women, far surpassing the initiative’s initial goal of $3 billion by the end of 2020
The United States Trade Representative and Kenya Cabinet Secretary for Industrialization, Trade, and Enterprise Development formally launched trade agreement negotiations between the United States and the Republic of Kenya.
As a major integrated LNG project in Mozambique advances toward fruition, the EXIM has reaffirmed its continuing support for the development by initiating the process of providing $4.7 billion in financing.
The USTDA has awarded a grant to Nigerian natural gas supply company Green Liquified Natural Gas to support Nigeria’s increased utilization of natural gas for power generation, local industry and additional economic growth.
Chevron Corporation has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.
U.S. International Development Finance Corporation (DFC) has announced that it is launching the Africa Investment Advisor Program, which establishes a regional team based in Africa.
Clickatell has announced the launch of Chat Desk, a digital contact center solution that helps agents resolve customer queries and obtain customer insights in real-time.
USAID announced $15 million to support a partnership between Arizona State University and the Kwame Nkrumah University in Ghana to create an innovative research and training center to improve African supply-chains.
The African Energy Chamber has appointed a US-Africa Committee to serve on its Advisory Board and support the development of stronger energy cooperation and investment between the United States and Africa.
Financial inclusion non-profit Kiva is announcing a partnership under the White House-led Women’s Global Development and Prosperity (W-GDP) Initiative with USAID to advance women’s economic empowerment.
Abbot Laboratories faces multimillion-dollar lawsuit over contract compliance with African Covid-19 Test Kits
The Centurion Law Group has been engaged to institute legal action against American multinational health care company Abbott Laboratories for willfully undersupplying African suppliers of COVID-19 test kits
Andela, the global talent network that helps companies build remote engineering teams, will now accept engineers from all African countries, expanding its presence from six countries to the entire continent.
[South Africa] Sasol announces beneficial operations of fifth and sixth Lake Charles chemical project facilities
Integrated chemicals and energy company Sasol announced that the Guerbet alcohol unit at our Lake Charles Chemicals Project achieved beneficial operations, three days after achieving beneficial operations on the Ziegler alcohol unit.
Global food and beverage company, PepsiCo headquartered in New York has appointed Pioneer Foods boss Tertius Carstens as its sub-Saharan Africa chief executive to assume the position immediately.
EXIM approves amended financing of U.S. exports to Mozambique LNG project, support more U.S. jobs in additional states
The BOD of the EXIM unanimously voted to amend the agency’s previously approved September 2019 direct loan supporting U.S. exports for the development and construction of an integrated LNG project in Mozambique.
The Standards Alliance, in coordination with the African Union and the AGRA is supporting U.S.-Africa trade relations through the appointment of a technical advisor for technical barriers to trade (TBT) to the African Union.
The Department of Justice announced that it has transferred $311.7 to the government of Nigeria to repatriate assets the United States forfeited that were traceable to the kleptocracy of former Nigerian dictator Sani Abacha.
The Association of Equipment Manufacturers (AEM) submitted its industry’s priorities for the proposed United States-Republic of Kenya Trade Agreement.
African Asset Finance Company receives $30 million from share offering to expand equipment leasing contracts in Africa
African Asset Finance Company Inc. has announced the final close of a $30 million redeemable preferred share offering, led by Roha II LP. The financing was completed in two equal tranches.
GIFEC, a Universal Access Service Fund (UASF), has selected Parallel Wireless OpenRAN to provide mobile telephony connectivity to underserved and unserved communities in Ghana.
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.
A partnership between Nigerian-American legal and business firm, Menes Konsult and Asian Franchise Academy (AFA) has opened doors for African businesses to benefit from franchising opportunities.
EFour Enterprises LLC has launched ESchool, a pioneering small business initiative that delivers professional business coaching and skills development to entrepreneurs remotely via the internet.
HUMBL® and One Kiosk® will be teaming up to pilot the HUMBL Mobile Pay, HUMBL Point-of-Sale (POS) and HUMBL Hubs® delivery network.
US firm Renewvia launched Renewvia Energy Africa Holding and seeks to raise $350 million in five years.
The U.S International Development Finance Corporation (DFC) announced the first disbursement of a $5 million loan to Twiga Foods to strengthen food security in Kenya by increasing farmers’ access to markets.
EXIM approves $91.5 million in U.S. export financing for renewable energy rural electrification project in Senegal
The EXIM approved approximately $91.5 million in loan guarantee financing that supports U.S. exports of design engineering and construction services to the Republic of Senegal.
Myron Brilliant, Executive Vice President and Head of International Affairs, U.S. Chamber of Commerce said that the administration is working with Congress to reach a high-standard, comprehensive free trade agreement with Kenya.
The U.S. Trade and Development Agency (USTDA) awarded a grant to Kalahari Energy Botswana for a feasibility study of a power plant that will generate up to 100 megawatts of electricity using indigenous coalbed methane.
U.S. Secretary of Agriculture Sonny Perdue announced that, effective immediately, U.S. wheat may now be shipped to Kenya regardless of state of origin or port of export.
In response to the outbreak of desert locusts in East Africa, the United States, through the USAID, will be providing $8 million in humanitarian assistance to support regional operations to control locusts.
A trade deal with the U.S. could help both Kenya and its neighbors in the East African Community by fostering the development of regional value chains, according to a former U.S. trade official.
The USTDA awarded a grant to NNPC Gas and Power Investment to provide the technical, economic and financial analysis necessary for the development of a 1,350-megawatt combined cycle, natural gas-fired power plant in Abuja, Nigeria.
The USTDA signed a Memorandum of Understanding with the Egyptian Ministry of Petroleum and Mineral Resources, paving the way for further cooperation between the US and Egypt in the petroleum sector.
The U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa.
U.S. Ambassador Stephanie S. Sullivan has inaugurated a shea butter processing facility and warehouse for the Tiyumtaba Women’s Shea Cooperative in Northern Ghana.
President Donald J. Trump announced the United States intends to initiate trade agreement negotiations with the Republic of Kenya following a meeting at the White House with Kenyan President Uhuru Kenyatta.
The President and Chairman of the EXIM Bank met with the U.S. Ambassador to Kenya to discuss how EXIM can help American businesses export their “Made in the U.S.A.” goods and services to Kenya.
The U.S. and Kenyan governments signed an important Amendment to the U.S.-Kenya Air Transport Agreement at the Department of State in Washington, DC.
The African Venture Philanthropy Alliance (AVPA) has signed a Sh100 million shillings, approximately $1 million, partnership with the United States African Development Foundation.
The U.S. government, the Bailiwick of Jersey and the Government of the Federal Republic of Nigeria signed an agreement to return more than $308 million to the Nigerian people.
Creditsafe USA, the global business intelligence experts, announced today that it has extended its global database to include business intelligence with the addition of 47 African countries.
With support from National Institutes of Health, Michigan State University (MSU) researchers are collaborating with Kenyan institutions to develop a mobile health app for adolescents with Type 1 Diabetes.
South Africa has expanded its Office of Astronomy for Development (OAD) to North America.
The United States government has announced a $4.5 million donation of modern medical materials and equipment to help local health workers improve the provision of quality health services in Madagascar.
South African Airways (SAA) new Airbus A350-900 operated its first international flight from O.R Tambo International (ORTIA) airport to New York’s John F. Kennedy (JFK) International Airport.
Nokia has announced that Angola Cables is trialing Nokia’s Photonic Service Engine 3 (PSE-3) chipset for the first direct optical connection between the USA and Africa.
Nespresso, a coffee operating unit of the Nestlé Group, has partnered with the Mozambique’s Gorongosa National Park to promote the local coffee industry as part of the Nespresso’s Reviving Origins program.
Technoserve partners with US Department of Agriculture to increase yields, boost revenues of 48,000 cashew farmers in Benin
The BeninCajù program, a partnership between TechnoServe and the U.S. Department of Agriculture, is working with 48,000 smallholder cashew farmers to increase yields, boost revenue, and encourage domestic processing.
The United Nations World Food Programme (WFP) has welcomed a US$3.39 million contribution from the United States Agency for International Development (USAID) to help meet the immediate food needs of drought-affected people in Zambia.
American Tower aquires Eaton Towers, enters agreement to acquire JV stakes in Ghana, Uganda from MTN
American Tower Corporation has announced that it has closed its previously announced acquisition of Eaton Towers Holdings, adding approximately 5,700 communications sites to its African portfolio.
The USD/ZAR pairing (signifying the number of South African Rand needed to comprise one U.S. dollar) is not counted among the "major" pairs in forex trading. However, this doe no't mean that it hasn't garnered a lot of attention over the years.
The Johannesburg Stock Exchange (JSE) announces the secondary listing of Textainer on the main board of JSE in the industrials, transportation services sector.
The U.S. Trade and Development Agency awarded a feasibility study grant to the Egyptian Petrochemicals Holding Company (Echem), for what will be Egypt’s first polyoxymethylene (POM) plant.
Djibouti Telecom, Somtel, Telkom Kenya and SubCom have announced that all manufacturing aspects for the Djibouti Africa Regional Express 1 (DARE1) submarine cable system are complete.
VAALCO, Houston, USA based, independent energy company announces Etame 9H development well has been successfully completed and placed on production at higher than anticipated rate.
The United Nations WFP welcomes a generous and timely contribution of US$4.5 million from the Government of the United States that will support 217,000 people facing severe hunger in Malawi during a region-wide food crisis.
Vodacom Business announced that it is extending its pan-African network to Miami in the United States through the new undersea South Atlantic Cable System (SACS).
The USAID announced $2.5 million dollars to support global research partnerships that will promote advancements across the full spectrum of discovery, from building new knowledge to piloting and scaling game-changing breakthroughs.
The United States, through USAID in partnership with the Ministry of Health have announced the launch of the new USAID Digital Health Activity to continue investments in digital information solutions.
The United States (US) and Kenya held the second meeting of the U.S.- Kenya Trade and Investment Working Group in Nairobi to deepen trade and investment ties between the two countries.
Kemin Industries has announced an increased partnership with ME VAC, an animal vaccine manufacturer in Egypt, to further expand the Kemin portfolio in the global animal vaccination market.
The Deputy Minister of Trade and Industry (the dti) has welcomed Procter & Gamble’s R300 million investment in a new Always sanitary pads manufacturing plant which has created 300 jobs in South Africa.
The EXIM Bank approved a preliminary commitment of approximately $86 million to support U.S. exports of services, electrical and renewable-energy equipment in Senegal.
[South Africa] JSE CEO co-chairs UN's initiative to drive financing for sustainable development goals
JSE CEO, Dr Leila Fourie together with CEO of Allianz SE, Oliver Bäte co-chaired the UN's Global Investors for Sustainable Development Alliance (GISD) initiative at the UN headquarters in New York yesterday.
The United Nations World Food Programme (WFP) has welcomed a contribution of US$560,000 from the US State Department to support WFP’s innovative fish farm in Algeria’s Tindouf refugee camps.
The Department of Trade and Industry is currently leading a delegation of seventeen South African companies on an Outward Selling Mission to the United States of America.
Rice University has announced the creation of a robust new center in response to increasing interest and expertise in African and African American Studies.
The U.S. Trade and Development Agency (USTDA) announced its growing commitment to support the City of Cape Town’s goal to become the most digitally connected city in Africa.
[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.
South African Airways (SAA) has announced the expansion of the codeshare agreement with Air Seychelles (HM) to New York effective 1 November 2019.
The U.S. Trade and Development Agency (USTDA) announced a call for initial proposals from project sponsors in sub-Saharan Africa, including U.S. companies working with African project sponsors.
The U.S. Government is providing nearly $257 million in additional humanitarian assistance in Fiscal Year (FY) 2019 to help the people of the Federal Republic of Somalia in Mogadishu.
While most African countries are bearing the brunt of the US-China trade war, as well as a slump in commodity prices which is greatly affecting exporters, East Africa’s economic diversity is still playing a key role in cushioning the region from shocks.
Creditsafe USA, the global business intelligence experts, has extended its global database to include information on private and public companies in South Africa.
Most African countries are bearing the brunt of the US-China trade war, as well as a slump in commodity prices which is greatly affecting exporters.
Atlas Mara announced that the Overseas Private Investment Corporation (OPIC) has entered into an agreement to provide $200 million in financing for Union Bank of Nigeria (UBN) to support inclusive lending across Nigeria.
The board of directors of the EXIM voted unanimously to authorize a direct loan of up to $5 billion to support the export of U.S. goods and services from multiple states for development and construction of an integrated LNG project in Mozambique.
African sustainability has never been 100 per cent African on its own initiative - that's where it becomes unclear who has benefited most from it.
UPS has announced the addition of three new countries served by UPS Worldwide Express, and broadened its reach across 76 cities in the Indian Subcontinent, Middle East, and Africa
United States Consulate General in Lagos has launched the Academy for Women Entrepreneurs (AWE), a State Department-led initiative that supports women entrepreneurs around the world.
Ethiopian Airlines has finalized all preparations to launch a thrice weekly flights to Houston, Texas as of December 16, 2019.
Econet has announced a partnership with US start-up Atlas AI to create opportunities for African businesses and their clients by harnessing AI-generated data insights to drive digital transformation.
Since 2014, over 96,000 women in northern Ghana saved USD $7.8 million – or about 42,659,747 cedis - and invested the money to improve the health, education, nutrition, and economic opportunities of their families.
Apple has launched Apple Card, a digital credit card it says is designed to help customers lead a healthier financial life.
Verve, a payments technology and card business in Africa, and Discover Global Network, the payments brand of Discover, have held an event to launch the Verve Global Card.
The U.S. Trade and Development Agency (USTDA) has signed a Memorandum of Understanding (MOU) with the Republic of Botswana’s Public Procurement and Asset Disposal Board.
The United States has signed a Customs Mutual Assistance Agreement (CMAA) with Tunisia marking a significant milestone in collaboration on security and facilitation of lawful trade between the two countries.
DriveWealth partners with Sigma Securities and Trove Technologies to launch first digital U.S. equities trading product in Nigeria
DriveWealth, LLC, has announced a new partnership with Sigma Securities Limited, a Nigerian brokerage firm, and Trove Technologies, an Africa-based financial app developer.
Massport and Royal Air Maroc officials have celebrated a new international service to Casablanca, Morocco, the first nonstop route from Boston Logan International Airport to mainland Africa.
South African Airways and Alaska Airlines have announced that they have established a new interline partnership, which provides new and convenient flight options for both SAA and Alaska’s customers.
Ethiopian Airlines has finalized preparations to launch thrice weekly flight to John F. Kennedy (JFK) Airport in New York via Abidjan.
The U.S. Agency for International Development has announced $500,000 in funding and $100,000 in technical assistance to the Women's World Banking Asset Management (WAM) blended-finance fund.
Vizocom, an IT and Communication solution provider has signed a new contract with a unit of the US Department of Defense (DoD) to provide satellite communications services in Africa.
The UPS Foundation, which leads the global citizenship programs for UPS, and Gavi, the Vaccine Alliance, have announced support for the expansion of a medical drone network into Ghana.
Siemens has launched a new web-based application which reveals the readiness and potential of six major cities to embrace digitization and develop new ways of living, working and interacting.
Pan-African e-commerce platform Jumia has picked BNY Mellon for its American Depositary Receipt (ADR) program.
United Airlines has applied with the U.S. Department of Transportation for authority to begin new service between New York/Newark Liberty International Airport and Cape Town International Airport.
The Angolan Finance Ministry and the US Treasury Department signed a technical assistance agreement with the Financial Information Unit (FIU) and other bodies involved in the fight against money laundering.
Moroccan national carrier Royal Air Maroc (RAM) has launched the first-ever Miami-Casablanca route.