The African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island state.
Morocco has officially unveiled its latest investment and export brand: ‘Morocco Now’, an initiative designed to position Morocco as a world-class industrial and export platform to accelerate foreign investments.
PetroNor, the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, announced it has received, from the Government of The Gambia, a one-year extension to the Longstop date of the A4 Licence.
Kenya enhances its diagnostic systems as National Public Health Laboratory acquire ISO certification
Kenya's National Public Health Laboratory (NPHL) is set to play a critical role in the generation of critical data to guide in the development of public health policies following its ISO accreditation.
Morocco is currently Africa’s first passenger car manufacturer. Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion exports made in the car industry at the end of 2018.
In November this year, leaders from around the world will gather in Glasgow for the UN Climate Change Conference to explore ways that governments, the private sector, and global institutions can promote sustainable development.
The Government of The Arab Republic of Egypt, acting through the Ministry of Finance has announced the launch of its debut Syndicated ESG Term Loan and Islamic Term Financing Facility.
Les dirigeants d'aujourd'hui doivent fournir à leurs équipes les connaissances et les outils dont ils ont besoin pour être compétitifs dans l'économie numérique. Incentro Africa aide les organisations à faire exactement cela grâce à une série de solutions et de services en tant que seul partenaire de premier plan de Google en Afrique.
Today’s leaders must provide their teams with the knowledge and tools they need to compete in the digital economy. Incentro Africa helps organisations do just that through a series of solutions and services as Africa's only Google premier partner.
The Republic of Gabon became the 14th member state to deposit the instrument of ratification of the African Medicines Agency (AMA) to the AU Commission on 4th October 2021 after ratifying it on the 1st October 2021.
The International Air Transport Association (IATA) called on the South African government to step up its support for the air transport industry to facilitate the recovery of industries supported by aviation such as travel and tourism.
The Communications Authority of Kenya (CA) has unveiled a three-month awareness campaign to protect children and their digital footprint, as it steps up the advocacy on responsible use of the internet.
NetDragon signed a Memorandum of Understanding (MoU) with the Ministry of Education of the Republic of Ghana, to secure a long-term relationship for investment in a broad range of solutions and services.
The African Energy Chamber has entered into agreements with the Nigerian government in order to attract new investment into the nation's rich oil resources.
Fitch Ratings has affirmed United Bank for Africa (UBA) Plc's Long-Term Issuer Default Rating (IDR) at 'B'. UBA's National Short-Term IDR has also been upgraded to 'F1+(nga)' from 'F1(nga)', reflecting the bank's continuing solid funding.
Information Technology Industry Development Agency partners with Plug and Play to launch Innovation Hub in Egypt
Plug and Play Egypt is scheduled to launch in November 2021 and will have an initial focus on Digital Transformation in Fintech, Insurtech, Energy, IoT, Mobility, Healthcare, and Sustainability amongst other industries.
The upgraded network will be used to support a wide range of broadband services carrying efficiently all telecommunication traffic, such as voice, video and data with full wireless and management redundancy, as well as backhauling the private TETRA network.
ReconAfrica and its joint venture partner NAMCOR (the state oil company of Namibia) announced the Ministry of Mines and Energy has granted approval of a one year extension on the First Renewal Period from 29 January 2022 to 29 January 2023.
With industries such as energy, manufacturing, agriculture and mining contributing significantly to GDP, all of which are expected to grow exponentially with the increase in technology and investment, the country is well on its way to become a multi-sector giant.
Kenya’s President Uhuru Kenyatta has challenged global financial institutions to ramp up investments in agriculture as part of their support for African economies.
The NCC will publish an implementation roadmap for the deployment of 5G across the country with service roll-out obligations.
A new $10.8 million partnership between Takeda and Global CSR Program to the World Food Programme (WFP), has brought forward a 5-year initiative to help strengthen regional health supply chain capacities in West Africa.
Kenya and Cuba have pledged to enhance bilateral relations in the field of research, vaccines and pharmaceutical products as the former moves to implement further reforms in the health sector.
Control Risks, le spécialiste mondial de la gestion des risques, et Oxford Economics Africa, ont annoncé aujourd’hui le lancement de la sixième édition de leur « Africa Risk-Reward Index ».
This growth momentum is expected to continue in the medium term and reach pre-COVID-19 levels of 3.2 percent in 2023.
The Kenya Literature Bureau (KLB), StarCloud LLC Estonia, Risk Africa Innovatis, UNICEF and Liquid Intelligent Technologies have partnered to digitise books and make them available to learners in school.
Egypt has already invested more than $2 billion to increase average internet speed in major cities from 6.5 to 42.5 megabytes per second – a sevenfold increase in two years
Egypt’s Prime Minister, H.E. Dr Mostafa Madbouly, committed North Africa’s most populous nation to become the 32nd member of the region’s leading infrastructure solutions provider, opening up a potential $1billion of investments.
Mastercard, Paycode Partner to Increase Access to Financial Services for Remote Communities Across Africa
Mastercard has partnered with African fintech and Start Path company Paycode to provide both company’s offerings on one biometric smart card that will help increase access to critical services and advance economic inclusion for Africans.
IFC and the Rwanda Development Board signed a collaboration agreement to develop vaccine manufacturing capacity in Rwanda and contribute to expanding vaccine production in Africa.
Businesses continue to be exposed to a constant creation and review of policies, which is tedious and costly. One of the reasons for this is poor structures and reception by institutions that have been put in place to ensure that these policies are of benefit to the people of Kenya.
To address this challenge, the Egyptian Ministry of Local Development and the World Bank launched the Upper Egypt Local Development Program (UELDP) a year later.
The ITC and the PSF Chamber of Women Entrepreneurs, in collaboration with the Rwandan Ministry of Trade and Industry launched the SheTrades Hub in Rwanda to bolster competitiveness and market access of Rwandan women-led businesses.
Cellulant partners with Gainde 2000 to improve Africa’s trade environment by digitising payments for governments, multinational companies
Cellulant has entered into a 5-year partnership with Senegal based GAINDE 2000 to offer an end to end Pan-African technology infrastructure and payments solutions for trade, revenue & tax collection for governments and multinational companies.
Following concerns and views from the public, claiming that the deductions were too high, President Samia Suluhu Hassan directed two Ministers (Finance and Planning Minister and Minister for Communications and Information Technology) to sit down and work on the matter.
South Sudan has begun producing oxygen following the successful installation of the country’s first oxygen plant at Juba Teaching Hospital, set up with funding from the African Development Fund.
The Islamic Development Bank (IsDB) and the Government of Benin signed a $50 million financing agreement for “Closing Gaps: Community Health, Human Resources, and Nutrition” project, a new development project in Benin.
Rwanda has become the first African country to ratify the Agreement for the Establishment of the Fund for Export Development in Africa (FEDA), while the Republic of Togo and the Republic of South Sudan have recently acceded to the Agreement.
The Government of Tanzania has reiterated its commitment to giving more attention to technology and innovations through the Higher Education for Economic Transformation (HEET), with allocation of 43 billion, approximately $19 million, for setting up new incubators and hubs.
African Union Member States will receive an additional 10 million doses of Astra Zeneca and Pfizer COVID-19 vaccines over the next three months through a new partnership between the French government and the African Union.
The United Nations World Food Programme (WFP) received $1.2 million from the Republic of Korea to provide humanitarian activities for food crisis in Ethiopia, Nigeria, Madagascar, South Sudan and Burkina Faso.
Participants of a G20 Compact with Africa meeting assessed Africa’s progress in fighting the Covid-19 pandemic.
The U.S. Trade and Development Agency (USTDA) has welcomed Kenya as its 14th partner under the Global Procurement Initiative (GPI): Understanding Best Value.
To facilitate cross-border trade and provide more transparent trade information for businesses, Somalia's Ministry of Commerce and Industry, supported by the IFC, launched a trade information portal to lower costs and simplify trade procedures.
The Ministry of Foreign Affairs in Finland is making preparations to expand and strengthen the network of Finnish missions abroad, with opening of a new embassy in Dakar, Senegal.
There is a sense of pride, for a country and its citizens, in attaining self-sustenance and economic independence. Central to this is a competitive local industry, producing goods for its domestic and export markets.
UN Under-Secretary General and Executive Secretary of the United Nations Economic Commission for Africa (ECA) and Cameroon’s Minister of Finance discussed, the country’s need to move fast while keeping up the fight against COVID-19.
The Global Fund and the Government of Tanzania are deepening their partnership with new investments to fight the COVID-19 crisis and accelerate the end of the epidemics of HIV, TB and malaria while building resilient and sustainable systems for health.
The African Development Bank (AfDB) and the Ministry of Finance in Ghana have launched a $7.4 million Institutional Support Project to strengthen domestic revenue mobilization.
PGS announced that an additional 1000 sq. km of reprocessed 3D data from OPL 248 is now available, completing PGS Niger Delta 2020 Reprocessing package and is well-timed for a reassessment of Nigerian offshore exploration opportunities.
Aminex announced that the Ruvuma joint venture has received an extension to its licence under the Ruvuma PSA from the Ministry of Energy of Tanzania.
Through its Nigerian Gas Flare Commercialisation Programme (NGFCP), the DPR noted that plans are ongoing to reduce gas flaring from the current single digits of eight per cent to five per cent in the country.
Vodacom joins forces with government to launch a new ecosystem to fight gender based violence in society
Appalling acts of Gender Based Violence and Femicide (GBVF) inflicted on women, children and members of the LGBTQI+ community are reversing the strides made in gender equality since the dawning of our democracy and threatens the foundation of our fledging democracy.
The COMESA Business Council signed an MoU with the Corporate Council of Africa (CCA) towards forging new pathways for stronger US-Africa engagements.
The Ambassador of Rwanda in France, François Xavier Ngarambe, signed the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), developed by the Council of Europe in 1988.
Resolute Mining announced it has agreed to sell its interest in the Bibiani Gold Mine to Asante Gold for total cash consideration of $90 million.
The target of the Federal Government is to increase Nigeria’s oil reserves from 36.91 billion barrels to 50 billion barrels in the short to medium term, the Department of Petroleum Resources has announced.
Global Petroleum announced that in relation to its licence PEL0094 (Block 2011A) offshore Namibia, the Ministry of Mines and Energy has agreed to Global’s proposal to enter into the next licence sub-period from September 2021 to September 2022.
The World Bank approved a $90 million grant from the International Development Association (IDA) to help Chad improve the use and quality of delivery of essential health services.
The Board of Directors of Armour Energy announced that exploration activity will recommence on the Company’s oil exploration project in Uganda.
The OPEC Fund for International Development signed a $30 million loan agreement with Uganda to help improve food security and incomes for more than 120,000 smallholder households in the northern and north-eastern regions.
The Forum Afrique Expansion welcomes the appointment of Amina Gerba by the Prime Minister of Canada, the Right Honorable Justin Trudeau, to occupy the prestigious office of Senator and to sit in the Upper House of the Canadian Parliament.
The COMESA Secretariat and the Government of Djibouti have signed an agreement that sub-delegates the implementation of coordinated border management activities at the Galafi border post, on the Djibouti- Ethiopia border.
The Millennium Challenge Corporation (MCC), will sign more than $1 billion of new economic growth programs in Africa by the end of 2022, underscoring the agency’s work to support the tremendous infrastructure needs.
TheCityUK signed a Memorandum of Understanding (MoU) with the Nairobi International Financial Centre Authority, establishing a formal partnership, including closer collaboration with the London Stock Exchange.
The project is part of TMEA’s wider response to the Covid-19 pandemic that has adversely affected cross border traders in the country.
Eni, Nairobi office of Italian Agency for Development Cooperation sign MoU to develop joint initiatives in Kenya
Eni, through its subsidiary Eni Kenya, and the Nairobi Office of the Italian Agency for Development Cooperation (AICS) signed an MoU to identify possible collaboration opportunities in the areas of agriculture and value-chain development.
The ECOWAS Trade Promotion Organisation (TPO) Network is a public-sector led entity and will work in partnership with the ECOWAS commission to drive inclusive trade development initia-tives within West Africa and beyond.
Whilst Kenya and Tanzania have for years shared strong trade relations, non-tariff barriers, high cost of production and cheap imports from outside the East Africa Community (EAC) region have impacted trade between the two countries.
Galileo Technologies will supply Egypt with 500 CNG dispensers and 200 Microbox Core™ MX200 compressor packages. These will equip the service stations of NGVC and GASTEC, two partially state-owned NGV companies.
The African Development Bank approved a loan of $4.25 million to the Lesotho Revenue Authority to provide digital tax services, including e-taxation and e-payment, that will broaden the country’s tax base and boost government revenue.
Abu Dhabi Fund for Development (ADFD), signed agreement with the Government of Rwanda to provide a concessionary loan valued at $15 million to finance the Rambura – Nyange section of the Rubengera- Muhanga road project.
AfDB, KOAFEC fund database system to improve utility regulation for Public Utilities Regulatory Commission of Ghana
AfDB and KOAFEC Trust Fund have funded a Database Management System (DBMS) to improve the operations and functions of the Public Utilities Regulatory Commission (PURC) of Ghana.
This week, Eocband has partnered with Workonline, one of the largest IP transit providers on the African continent to boost internet connectivity in Ghana.
Speaking during the Alliance for a Green Revoluton in Africa (AGRA) organized Africa Green Revolution Forum (AGRF) Summit, speakers reiterated that food security cannot be achieved without a gvernment facilitated enabling environemnt for agribusiness to thrive.
ReconAfrica announced that Namibia’s Ministry of Environment, Forestry and Tourism issued the Environmental Clearance Certificate (ECC) for the initial 2D seismic program to be conducted in the Kavango East and West regions of NE Namibia.
Nigeria's oil sector reform bill, expected since 2008, was finally passed by parliament on Thursday, a historic moment for Africa's top oil producer.
One of the industries that can benefit from AfCFTA is the energy sector, both the traditional oil and gas operators as well as the growing number of renewable enterprises.
[Column] Hardeep Sound: The pandemic’s impact in East Africa demands accelerated digital transformation
Facing the prospect of a rapidly growing youth population, countries in the region are in a race to equip their youth with the digital skills they need to drive economic growth and innovation.
The International Finance Corporation (IFC), signed a memorandum of understanding (MoU), with the Moroccan Ministry of Finance, Economy, and Administration Reform to reiterate IFC's support to the country's new development roadmap.
The clubs are run by students, for students and act as additional training, incubation and mentorship forums that help equip the students to access digital and digitally-enabled job opportunities.
The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC), and ZED Energy signed shareholders agreement on the construction of Brass Petroleum Products Terminal.
The Kenya Revenue Authority (KRA), is estimated to collect Kshs. 6.8 trillion over the period 2021/22 to 2023/2024 financial years.
South African Minister for Trade, Industry and Competition, Ebrahim Patel, along with industry stakeholders from the steel and metal fabrication sector signed a Master Plan for the sector.
[South Africa] Karpowership denied environmental authorisation for development of gas to power via powerships
The Department of Forestry, Fisheries and the Environment has reached a decision on the three applications which were submitted in October 2020 by Karpowership for an environmental authorisation for the development of gas to power via powerships.
A national motorcycle helmet coalition is to be established in Kenya as part of a major effort to increase motorcycle and motorised three-wheeler safety for riders and their passengers.
[Africa Tech Review] Duncan Mochama: MTN is investing $1.5 billion to expand broadband access across Nigeria
MTN announced plans to invest 640 billion naira, approximately US$1.5 billion, over the next three years to expand broadband access across the continent’s most populous country.
Konza Technopolis Development Authority (KoTDA) has announced an early bird incentive to investors taking up land for development at Konza Technopolis (KT).
The Ministry of Petroleum (MoP) of the Republic of South Sudan, has announced the launch of the country’s first Oil Licensing Round.
World Bank partners with African Union to support rapid vaccination for up to 400 million people in Africa
In a boost to the African Union’s target to vaccinate 60% of the continent’s population by 2022, the World Bank and the AU announced that they are partnering to support the Africa Vaccine Acquisition Task Team (AVATT) initiative.
The Ghana Cocoa Board (COCOBOD), signed an agreement with Bühler to build Ghana’s local cocoa processing and value addition capacity through training, product development and technology guidance.
The General Civil Aviation Authority (GCAA) and the National Emergency Crisis and Disasters Emergency Management Authority (NCEMA) have announced the suspension of all inbound flights for national and international carriers coming from Liberia, Sierra Leon, and Namibia, effective 23:59 on Monday, June 21st.
Senegal’s PETROSEN and Cos-Petrogaz lay out gas strategy, reinforce partnership with African Energy Chamber
Senagal's Ministry of Petroleum and Energy, PETROSEN and Cos-Petrogaz laid out national gas and energy transition strategy with the African Energy Chamber (AEC), to enhance promotion and competitiveness in the gas and energy sector.
The Board of Executive Directors of the Islamic Development Bank (IsDB), approved $176.05 million for projects in Iraq, Mauritania, Benin and Morocco.
The Department of Petroleum Resources (DPR) has set up a programme to establish micro Liquefied Natural Gas (LNG) distribution centres across the 774 local government areas in the country.
[Africa Tech Review] Duncan Mochama: Nigeria, Kenya and South Africa are top drivers of eCommerce volumes in Sub-Saharan Africa
[Africa Tech Review] Duncan Mochama: Nigeria, Kenya and South Africa are top drivers of eCommerce volumes in Sub-Saharan Africa
The African Development Bank approved a $1.4 million grant from the Global Agriculture and Food Security Program to reduce malnutrition among the Southern African nation’s most vulnerable households.
The African Development Bank approved an €83 million loan to finance the second phase of Egypt’s Electricity and Green Growth Support Program.
The Kenyan government, through the ICT ministry, has expanded the AJIRA Digital Program to all Universities and TVETS across the country.
National Aviation Services (NAS), the airport services provider, announced the launch of its operations at Osvaldo Vieira International Airport in Guinea Bissau.