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Africa has over 21 million online shops, UNCTAD report
Although e-commerce is snowballing in Africa, with more than 21 million Africans shop online, countries are at very different stages of development.
Norway commits $3million to market initiative for East Africa farmers
The Government of Norway has announced its contribution to the Farm to Market Alliance, a global private-sector led initiative with the aim to make markets work better for smallholder farmers.
Pharmaceutical companies deepen strategic focus on Africa, Index
A new access to medicine index has noted increasing interest from multinational pharmaceutical companies in doing business in Africa.
RLSF signs deal with five African countries to de-risk renewable energy projects
Since launching a year ago, the Regional Liquidity Support Facility (RLSF) has signed agreements with five countries.
NASCU and Mastercard announce landmark agreement to drive financial inclusion in Zambia
NASCU and Mastercard today announced a landmark agreement to drive financial inclusion by extending formal financial products and services to undeserved members of cooperatives.
[Startup Interview] Musawa Mukupa, Founder, Health Literacy Zambia
Despite spirited efforts to provide affordable education to all in Zambia, more than 80,000 children of school going age are out of school.
Kenya’s taxi-hailing firm Little goes live in Zambia
Five months after going live in Kampala, Uganda, Kenyan taxi-hailing firm Little has announced that it has launched in Lusaka, Zambia.
GTR Ventures makes first Africa investment
GTR Ventures, the world's first investment and venture-building platform specialized in trade and supply chain, has announced an investment in Orbitt -- an African-focused fintech deals platform.
[Cameroon] Officials to review studies on accountable development planning
About 70 stakeholders comprising executives and planning experts, statistics executives and experts, members of the civil society and representatives from the private sector will converge in Yaounde to review and validate two ECA studies on accountability and statistics in development planning in Cameroon.
Liquid Telecom completes acquisition of CEC Liquid Telecom in Zambia
Liquid Telecom has completed the acquisition of the remaining 50 per cent stake in its Zambian subsidiary, CEC Liquid Telecom, from Copperbelt Energy Corporation PLC.
Intelsat and Q-KON enable large-scale broadband access in Africa
Operator of the world’s first Globalized Network and leader in integrated satellite communications Intelsat, and Q-KON announced that Q-KON will introduce new, multiple high-speed broadband services powered by the IntelsatOne Flex for Enterprise platform.
Liquid Telecom appoints a new Regional CEO of Southern Africa
Leading pan-African telecoms group Liquid Telecom has appointed Wellington Makamure as the new Regional CEO of Southern Africa, placing him in charge of four key markets in the region.
Technology to monitor Malaria in Zambia, Senegal and Ethiopia
Starschema Ltd., a big data company in Hungary, and PATH, a global organisation that works to accelerate health equity, have launched a software integration that will enable health workers to easily and securely access data visualizations.
[Tanzania] DCG, TAZARA seal deal to develop a new dry port
The Dar es Salaam Corridor Group (DCG) and the Tanzania-Zambia Railway Authority (TAZARA) have entered into a partnership agreement for the development of a Dry Port at the terminal end of TAZARA in New Kapiri Mposhi, Zambia.
Accenture’s system to assist AB InBev in distribution across Africa
Global professional services company Accenture is helping AB InBev, the world’s largest brewer, better manage its sales and distribution operations in Africa with the Accenture NewsPage Distributor Management System.
FACT Zambia launches EITI awareness programme
THE USAID funded Fostering Accountability and Transparency (FACT) programme has launched a project aimed at increasing citizen awareness and engagement on the Extractive Industries Transparency Initiative (EITI) mechanism in Zambia.
USTDA supports wind energy development in Zambia
The U.S. Trade and Development Agency awarded a $1.15 million grant to Globeleq Zambia Wind Limited (Globeleq) for a feasibility study for an estimated 100-megawatt wind power plant in the Muchinga Province of Zambia.
SDGs Center for Africa establishes Southern Africa region office
The Sustainable Development Goals Center for Africa has added a sub-regional center of excellence to support countries in the Southern African region in achieving the SDGs and the African Union’s Agenda 2063.
MTN Zambia, Astria Learning pact connects youth to college education
The renewed partnership between Astria Learning, a global e-learning solutions provider and Zambia’s telecommunications company, MTN Zambia has seen a larger percentage of Zambia’s economically challenged young adults obtain a college level education online.
ITC and Huawei launch ‘Faster Customs Faster Trade' study in Zambia
The International Trade Centre (ITC) and Huawei Technologies have launched a new study, ‘Faster Customs, Faster Trade Using Technology for Trade Facilitation’ which explores the interplay between international trade in information and communication technology solutions.
East Africa economy best performing in the continent, ICAEW report
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.
Fenix International reaches 150,000 Zambians in nine months
Pay-go energy company Fenix International, part of global utility Engie, has reached 30,000 Zambian households just 9 months after expanding into the country in partnership with telecom MTN.
Enel starts construction of Ngonye solar project in Zambia
The Enel Group’s global renewable energies division Enel Green Power (EGP) has started the construction of the 34 MW1 Ngonye solar PV plant, which is the Group’s first power plant in Zambia.
Solar firm Fenix International reaches 150,000 Zambians in 9 months
Leading pay-go energy company Fenix International has reached 30,000 Zambian households just 9 months after expanding into the country.
[Nigeria] CISI and CIBN announce cooperation agreement
The Chartered Institute for Securities & Investment (CISI) and the Chartered Institute of Bankers of Nigeria (CIBN) are delighted to announce the signing of a cooperation agreement in London.
BanQu partners with ABInBev to streamline supply chain in Zambia
Software technology company BanQu has developed the first-ever, blockchain economic-identity technology solution that enables a secure, immutable platform and creates economic opportunities for small-scale farmers in Africa.
Angola and Zambia sign visa waiver agreement
The Angolan and Zambian have held a launch of the visa-free agreement in ordinary passports, in a simultaneous act in both countries.
Zambia seeks $22m in tax on internet calls
Zambia expects to raise $22 million annually in new tax on internet phone calls.
The cabinet approved on Monday, a 30 ngwee (0.3 kwacha; $0.03) daily tariff charged on online phone calls.
Maxtech expands vanadium exploration in Zambia
Canadian-based diversified industries corporation Maxtech Ventures Inc. has announced that Maxtech Mining Zambia's two large scale exploration licenses filed in Zambia have been validated by Zambia Minister of Mines.
[Zambia] AECF invests $1.6 million in Kazang Solar
Kazang Solar, Azuri Technologies’ official distribution partner in Zambia, has been awarded $1.6 million from the Africa Enterprise Challenge Fund (AECF) under its Renewable Energy and Climate Adaptation Technologies (REACT) window.
COMESA targets women entrepreneurs with digital networking platform
The designing process of the 50 Million African Women Speak (50MWS) Digital Platform for women entrepreneurs has commenced following the kick-off workshop held at the COMESA Secretariat in Lusaka, Zambia.
ECA launches Zambia STEPS Profile
The Economic Commission for Africa (ECA) Southern Africa Office has launched the Zambia STEPS Profile and the Country Profiles (CPs) for Botswana, Lesotho, Namibia and Zimbabwe in Lusaka.
Zambia announces plans to build a blockchain land titling program
American internet retailer Overstock has announced that it has partnered with Zambia’s lands ministry to build a blockchain land titling program. The program will be built by Overstock’s blockchain-property rights subsidiary, Medici Land Governance.
[Zambia] Hilton grows Sub Saharan Africa foothold with Lusaka unit
Global hospitality group Hilton has opened Hilton Inn in Lusaka, the capital of Zambia. The hotel is the second Hilton Garden Inn property to open in Sub-Saharan Africa this year, and joins 42 existing Hilton properties in Africa.
Ghana, Malawi and Zambia farmers to benefit from outgrower scheme
58,500 smallholders in Ghana, Malawi, Uganda and Zambia will benefit from outgrower programmes backed by AgDevCo's Smallholder Development Unit , with farmer incomes set to collectively increase by $8.8 million per year.
UAE Exchange rebrands its Africa operations as Unimoni
UAE Exchange, a global money transfer, foreign exchange and payment solutions brand, has announced the rebranding of its Africa operations as “Unimoni”.
Provia Auto launches in 10 countries across Southern African region
ProVia, the safety-focused and reliable budget parts aftermarket brand for commercial vehicle braking systems has announced its launch in 10 countries across the Southern African region.
Oranto Petroleum farms into Zambian oil blocks
Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia. Blocks 17 and 27 represent Oranto’s first investment in the country.
Oranto Petroleum acquires two Zambia oil blocks
Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia. Blocks 17 and 27 represent Oranto’s first investment in the country.
IFC and Canada invest in Zambia solar project
International Finance Corporation and the Government of Canada are providing approximately $25 million in financing for the second Scaling Solar project under development in Zambia.
[Zambia] Lusaka City Council launches social inclusion policy
The Lusaka City Council has launched a Social Inclusion and Gender Policy aimed at ensuring that Council promotes a conducive and enabling working environment and ensures that its services reach all intended beneficiaries.
Kenya, Zambia hold bilateral talks
President Uhuru Kenyatta and his Zambian counterpart Edgar Lungu have held bilateral talks focusing on ways to enhance economic and security cooperation between Kenya and the Southern Africa nation.
[Zambia] Ingenico rolls out biometric system for subsidy programme
Ingenico Group, a provider of seamless payment, has been supporting the roll-out of a secure biometric solution in Zambia in partnership with Paycode.
[Column] Joyce Karanja Ng’ang’a: Saving jobs is a priority for African competition authorities
Avoiding or limiting job losses when companies merge has become a major priority for competition authorities throughout East and Southern Africa.
USAID launches geospatial tool to guide Zambia’s electricity sector
The United States Agency for International Development (USAID) in support of Power Africa has developed a geospatial tool to guide the advancement of the Zambia energy sector.
Rosatom and Zambia sign general contract for construction of Centre for Nuclear Science and Technology
State Atomic Energy Corporation Rosatom and the Republic of Zambia signed a general contract for the construction of a Centre for Nuclear Science and Technology.
Rosatom builds Center for nuclear science and technology in Zambia
The Centre for Nuclear Science and Technology in Zambia will ensure wide application of radiation technologies in medicine, industry, and agriculture.
Cisco and Dimension Data expand anti-poaching programme to Zambia, Kenya and Mozambique
Global technology giants, Dimension Data and Cisco, are expanding their anti-poaching Connected Conservation programme into Zambia, Kenya, and Mozambique to continue protecting rhino.
African smallholder farmers get record insurance payouts of $ 1.5 million after depressed rainfall
Poor rainfall in parts of Africa has triggered the largest insurance pay-out to date for vulnerable farmers under an innovative climate risk management scheme known as the R4 Rural Resilience Initiative, R4.
USAID, Technoserve and Partners in Food Solutions in new alliance to point African farmers to profitable markets
The United States Agency for International Development and the nonprofit organizations Partners in Food Solutions and TechnoServe have announced the launch of the Alliance for Inclusive and Nutritious Food Processing.
Federal Council of Switzerland adopts dispatches on double taxation agreements with Ecuador and Zambia
The Federal Council of Switzerland has adopted dispatches concerning a protocol of amendment to the double taxation agreement (DTA) with Ecuador and a new DTA with Zambia. Both dispatches were submitted to Parliament.
AGCO partners with BHBW Zambia and Zambia National Commercial Bank to provide financial solutions in purchase of farm machinery
AGCO, a global manufacturer and distributor of agricultural equipment, has established a retail Finance Partnership to support Zambian farmers in the purchase of farm equipment.
Ministry of Housing, Royal Institute of British Architects and Zambia Institute of Architects partner to promote local architecture
An agreement has been signed between Zambia’s Ministry of Housing and Infrastructure, the Royal Institute of British Architects of the United Kingdom and the Zambia Institute of Architects in the field of Architecture, the built environment and urban development.
Kenya most improved in removing legal barriers against women, World Bank Group report
Despite daunting challenges, several economies in Sub-Saharan Africa are making progress in enacting laws that promote equality between men and women, says the World Bank Group’s Women, Business and the Law 2018 report.
Zambia launches online investment to spur FDIs
The Zambian iGuide, an electronic investment platform, has been launched with technical support from the Economic Commission for Africa and the United Nations Conference on Trade and Development.
Zambia selects Authentix as technology and services partner to combat illicit fuels
Authentix, a global authentication and information services company has been picked by The Energy Regulation Board of Zambia as its technology and services partner to combat the illicit trade of refined fuels.
[Startup Interview] David Mbuta, CEO, Ubuntu Meal Delivery Services, Zambia
David Mbuta is the founder of Ubuntu Meal Delivery Services Ltd, a Zambian startup that is riding on a burgeoning working class conscious about their health and looking for convenience.
Sterling and Wilson to build Zambia’s largest solar plant
Sterling and Wilson, global solar company has been chosen to construct Zambia’s largest solar plant, of capacity 54.3 Megawatt peak.
Mercury Asset Partners raise $600 million to finance infrastructure projects in Zambia
Mercury Asset Partners, a multinational financing and logistics company says it has mobilized $600 million for the implementation of various infrastructure and investment projects in Zambia.
International Finance Corporation increases reach of index insurance for smallholder farmers in Zambia
International Finance Corporation, a member of the World Bank Group, has unveiled a grant extension to Mayfair Insurance Company Zambia Limited, to support Mayfair in scaling up its weather-based index insurance product line in Zambia.
Ethiopian Airlines partners with Zambian Government for the re-launch of Zambia Airways
Ethiopian Airlines is pleased to announce that it has finalized shareholders agreement with the Government of Zambia for the re-launch of Zambia Airways.
RD Global seeks to set up renewable energy manufacturing plant in Zambia
A U.S. based company, RD Global, working with a Japanese company, Mera Group Corporation, plans to set up a manufacturing plant of energy renewable products in Zambia in an effort to mitigate the energy deficit in the region.
IFC finances construction of Zambia’s large scale solar power plant
IFC, a member of the World Bank Group, has finalized financing for the construction of Zambia’s first large-scale solar power plant – the first project to be developed, tendered, awarded, and financed under the World Bank Group’s Scaling Solar program.
Clinigen extends agreement with Eisai to supply three new drugs into 10 African countries
Clinigen Group has extended its exclusive agreement with Eisai Europe to obtain the marketing authorisation and subsequently launch Halaven (eribulin), Fycompa (perampanel) and Lenvima (lenvatinib) into 10 African countries.
A guide to Africa’s key markets in 2018
For bond investors, Africa was a happy hunting ground last year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust of three years ago.
A guide to Africa’s key markets in 2018
For bond investors, Africa was a happy hunting ground last year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust of three years ago.
World Bank approves $2.8 Million to increase Zambia solar energy generation
The World Bank Group has approved an International Development Association guarantee of up to $2.8m that will support Zambia in increasing its solar photovoltaic electricity generation capacity and diversify the country’s primary energy sources.
Copper dependent Zambia eyes growing market for cotton by products
About five dozen Zambian cotton farmers, ginners, oil crushers and government officials have drafted an action plan to boost the production of cotton by-products, such as briquettes and pellets for fuel made from cotton stalks.
Zambia's Luambe National Park now the world’s most carbon neutral
Luambe National Park in Zambia has achieved a conservation milestone this week as it became the most carbon neutral National Park in the world.
CEC Liquid partners with BongoHive to accelerate Zambia’s gaming and IoT ecosystem
CEC Liquid Telecommunications, part of the leading pan-African telecoms group Liquid Telecom, is helping to accelerate Zambia’s emerging gaming and Internet of Things ecosystem through a new partnership with BongoHive; Zambia's first innovation and technology hub.
Zambia National Building Society receives $25 million from AfDB to finance affordable housing
The Board of Directors of the African Development Bank Group (AfDB) has approved $ 25 million in Kwacha equivalent to Zambia National Building Society (ZNBS).
Aon completes sale of businesses in six sub Saharan African countries
Aon Plc the global professional services firm providing a broad range of risk has confirmed it has completed the sale of its shareholding in its employee benefit, insurance and reinsurance brokerage operations in Kenya, Lesotho, Malawi, Namibia, Uganda and Zambia.
Zambia launches its first national financial inclusion strategy
The Government of Zambia has launched its National Financial Inclusion Strategy, and its Financial Sector Development Policy, and Financial Capability Survey Report with support from the World Bank Group.
Africa Finance Corporation signs Zambia as a Member Country
Zambia has become the first Southern African member country of Africa Finance Corporation (AFC), a leading development finance institution for infrastructure in Africa.
AfDB launches pilot programme to cultivate the savannah in eight African countries
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.
[Zambia] COMESA to work with consumer protection body in research
COMESA has signed a Memorandum of Understanding (MoU) with the Consumer Unity and Trust Society (CUTS) International Zambia.
Zambia awards Kapsch TrafficCom concession contract to improve road safety and traffic management
Kapsch TrafficCom’s joint venture with Zambian Lamise Trading Limited has been awarded a nation-wide concession contract by the Zambian Government .
First Quantum Minerals provides update on its Zambian operations
First Quantum Minerals Ltd has updated details of its operations in the Kansanshi complex and Sentinel mine in Zambia
Zambia and Switzerland sign new double taxation agreement
Switzerland and Zambia have signed a new double taxation agreement (DTA) in the area of taxes on income.
[Zambia] AgDevCo invests $5 million in Katito Farming to stimulate investment in agricultural value chain
AgDevCo, a social impact agribusiness investor, has invested $5.05m investment into Katito Farming Enterprises Limited (Katito).
UBA introduces first Mastercard Debit card in Zambia
United Bank for Africa Zambia (UBA) has launched the first Mastercard debit card in Zambia to financially empower its citizens.
PlantCatalyst partners with iDE to reduce Zambian farmers' reliance on chemical fertilizers and increase yield per hectare
PlantCatalyst® has entered into a partnership with iDE, to help farmers in Zambia reduce their reliance on chemical fertilizers and increase profit and yield per hectare.
Bolloré Logistics Zambia awarded five year contract for local distribution of Total lubricants
Bolloré Logistics Zambia has been awarded the tender contract for the distribution of lubricants by TOTAL Zambia. The contract was awarded for a period of five years renewable.
Vuma Reputation Management expands to Kenya, Ethiopia, Ghana and Zambia
African reputation and crisis management company Vuma Reputation Management has signed memorandums of understanding with four leading African communications agencies, boosting its footprint across the continent.
[Zambia] Over 61,000 farmers to benefit from $22.2 million from IFAD to boost food security
More than 61,000 smallholder farmers will benefit from a financial agreement signed between the International Fund for Agricultural Development (IFAD) and Zambia.
Zambia’s economy on recovery mode in 2017, World Bank
The Zambian economy has continued its recovery in 2017, but the stronger growth and better macroeconomic indicators have not resulted in an improvement in the fiscal indicators.
African Property Group launches real estate marketplace websites in eight African markets
African Property Group is launching eight new websites in emerging African nations that will allow the populations to search for properties, using their computers or mobile phones.
Zambia bets on solar power plant to power homes, produce sugar and export electricity
Earlier this year, Cleantech Invest portfolio company Nocart announced the signing of a $200 million contract to develop a solar hybrid power plant in the Shangombo District of Western Province, Zambia
fastjet launches additional flights to Harare and Victoria Falls
fastjet has increased the number of flights on its route between Johannesburg and Harare, and launched a fifth seasonal flight from Harare to Victoria Falls.
USTDA creates opportunities for US businesses in Zambia
During the Africa Energy Forum, the U.S. Trade and Development Agency signed a grant aimed at increasing electricity access in Zambia.
[Zambia] Dangote transforms Masaiti district, reduces cement prices
A gravel road snaking through an open swath of land outside Ndola in Masaiti has no distinct name, but as one completes its 10-kilometre stretch, one name becomes clear – Dangote.
World Bank approves $ 200 million for rural roads in Zambia
The World Bank's Board of Executive Directors has approved a $ 200 million International Development Association (IDA) credit under the IDA17 Scale-up Facility for Zambia to improve selected rural roads in six of Zambia’s ten provinces. Government will finance the remaining four provinces.
[Zambia] Smallholder farmers to gain access to high quality seeds through a $1.8 million programme
Syngenta in Zambia, through its subsidiary MRI Seed, has partnered with the Feed the Future Partnering for Innovation, a United States Agency for International Development (USAID) programme implemented by Fintrac Inc., to help smallholder farmers gain access to high-quality, disease-free horticultural seedlings, giving them the opportunity to become commercially viable vegetable farmers.
Ghana and Zambia join the African Bond Index - AfDB
"As more African countries are increasingly looking to domestic capital markets to source much-needed financing for economic development, we are delighted to welcome Zambia and Ghana to the index and expect to include more countries to it as soon as reliable pricing information is made available".
IFC and OFID invest $20 million in Metalco to boost manufacturing in Zambia
International Finance Corporation, a member of the World Bank Group, and the OPEC Fund for International Development (OFID) today announced an investment of $10 million each in Metalco Industries Company Limited, a Zambian company that recycles metal scrap to manufacture copper cables, lead-acid batteries, aluminum sheets and utensils.
[Interview] Peter Kahihu, Executive Director- Programs Execution, Balanced Scorecard Institute
Peter Kahihu is Executive Director of the Programs Execution at Balanced Scorecard Institute EMEA. He is a veteran in the field of strategy execution and author of four best selling books on Strategic Planning, Balanced Scorecard, Government Performance Management and Public Sector Reforms.
Zoona raises $1m from IFC and MasterCard Foundation to expand mobile banking in Zambia
South African based payments service provider Zoona has raised US$1 million from the International Finance Corporation (IFC) and the MasterCard Foundation to strengthen the reach of its mobile banking services in Zambia.
Infrastructure Project Preparation Facility approves $3.88 million to DRC, Mozambique and Zambia for power projects
The NEPAD-IPPF (Infrastructure Project Preparation Facility) has approved $3.88 million in grants to the Governments of the Democratic Republic of Congo (DRC), Mozambique and Zambia to finance completion of regional projects preparations.
Zambia calls for increased international cooperation to achieve sustainable transportation
Zambia has called for increased international cooperation to achieve sustainable transportation at national and regional level.
[Zambia] Mercy Corps and Mastercard Foundation deepen financial inclusion with AgriFin Acelerate project
Mercy Corps, in partnership with The MasterCard Foundation, has launched AgriFin Accelerate in Zambia; one of three countries in Africa where the program will operate. AgriFin Accelerate will help close the gap in access to financial and information services experienced by smallholder farmers, especially women and youth.
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Making money with cryptocurrencies - here's how, financial expert
Cryptocurrency has become especially popular over the last few years, as this is one of the ways of additional, and for some people an even primary source of income. Everything is straightforward: buy cheaper, sell more expensive. As well as an investment in the common currency... read more