The International Monetary Fund (IMF), in the framework of the technical assistance provided to the Republic of Angola, has recommended improving the process of execution of the State Budget (OGE).
Egypt Deputy Agriculture Minister for Animal Resources, Mona Mehrez has discussed in a meeting with Hungarian Ambassador in Cairo Peter Kveck means of boosting bilateral cooperation in the field of livestock.
Kenya calls on African governments to assist private sector participate in infrastructure development
Kenya’s President Uhuru Kenyatta has urged African Governments to create an enabling environment to enable the private sector to participate more in the development of critical infrastructure in Africa.
About 2 000 ex-mineworkers, the youth and Unemployment Insurance Fund (UIF) beneficiaries in the Eastern Cape are set to benefit from a new skills development training.
Ghana’s telecommunications regulator, the National Communications Authority (NCA) has been selected by the International Telecommunications Union (ITU) as a training partner in QoSTP.
Malawi has become the latest country to launch a health situation room, a software platform designed to help the government make informed decisions about policies and programmes related to health, including HIV.
South Africa’s credit profile balances strong institutions and developed financial sector against weak growth, Moody's report
South Africa's (Baa3 stable) credit profile is supported by the strength of its core institutions, deep and well-developed financial sector and markets, and its limited exposure to foreign exchange volatility.
Vivo Energy Uganda has officially handed over a Fuel and Lubricants Management System to its commercial customers Markh Investments in Ntinda and Q3 Holdings in Bweyogerere.
An innovative initiative by government to supply modern technology equipment to disadvantaged schools in rural areas is set to change the lives of learners at these schools.
Arab Organization for Industrialization inks contract to establish $8 million solar energy station in Eritrea
Arab Organization for Industrialization as signed a contract to establish a solar energy station in Eritrea with a total cost of $8 million.
[South Africa] Vodacom and Department of Social Development unveil community contact centre in KwaZulu-Natal
Vodacom, in partnership with the KwaZulu Natal Department of Social Development, has launched a Contact Centre, allowing community members to connect with the department.
The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within Africa.
South Africa will soon join the World Economic Forum's Centre for the Fourth Industrial Revolution Network (C4IR Network) alongside China, India and Japan by launching an Affiliate Centre.
The Acting President and CEO of OPIC, the U.S. Government’s development finance institution, and Advisor to the President Ivanka Trump announced the launch of OPIC’s 2X Africa initiative to support investment in women in Africa.
IFC, a member of the World Bank Group, has launched the Finance2Equal Tanzania Initiative aimed at increasing women’s participation across businesses by reducing gender gaps.
The South Africa Minister for Trade and Industry said the launch of the R49 million Ekandustria Industrial Park is recognised as a potential catalyst for broader economic and industrial development.
The Kenya Revenue Authority (KRA) has improved the Value Added Tax (VAT) return verification module on iTax.
Kenya has closed in on the top 50 ranking in the ease of doing business after targeting reforms in ease of paying taxes and trading across border indicators.
Investment Minister Sahar Nasr discussed with UK Department for International Development Permanent Secretary Matthew Rycroft boosting economic cooperation.
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.
The World Bank Group and the German Federal Ministry for Economic Cooperation and Development have signed a declaration of intent to foster cooperation on sustainable and inclusive development in the Middle East and North Africa Region.
Export-Import Bank of the United States, EXIM, has entered into an MOU with the Ministry of Finance of the government of Angola to increase trade of goods and services between the United States and Angola.
[Kenya] UAE Ministry of Foreign Affairs and International Cooperation trains 100 women leaders in hospitality and tourism
The UAE Ministry of Foreign Affairs and International Cooperation and Kenyan Ministry of Tourism and Wildlife have sponsored 100 Kenyan women to qualifying them for the hospitality and tourism sector.
The African Union Chairperson has received the instruments of ratification of the African Continental Free Trade Agreement (AfCFTA) from the representatives of the Federal Republic of Ethiopia.
South Africa President Cyril Ramaphosa has officiated over Japanese automotive Nissan’s announcement of a R3 billion, approximately $215 million, investment at its Rosslyn plant in the capital.
UNIDO in cooperation with the AUC held the first ever International Quality Infrastructure (QI) Forum to focus on the contribution of QI to the achievement of the SDGs and the implementation of the AfCFTA.
The Nigerian National Petroleum Corporation (NNPC), has said that it would support the Federal Government's initiative to diversify the nation’s economy through agriculture.
A group comprising of academic scholars and representatives of Central Banks of Member States from ECOWAS have reviewed the TOR to recruit a consultant towards the development of the design of the ECOWAS single currency.
In line with its mandate of mobilizing resources for infrastructure and sustainable development projects, the New Development Bank (NDB) is ramping up operations in South Africa and strengthening its project pipeline in the country.
The Board of the African Development Bank has approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement.
The United States as launched its new two-year, $4 million Feteh project to support the strengthening of independent rule of law institutions in Ethiopia.
Egypt Ministry of Petroleum has signed a memorandum of understanding (MoU) with the International Finance Corporation (IFC) on funding infrastructure projects within the petroleum and natural gas sectors.
Forty-nine oil concessions will be awarded between 2019/2025 for exploration, research, development and production of hydrocarbons in Angola.
Kenya’s real gross domestic product is projected to grow by 5.7% in 2019, a slight decrease from the estimated 5.8% growth experienced in 2018, according to the new World Bank Kenya Economic Update.
The deadline set by the Tripartite Council of Ministers for member States of three regional economic blocs to sign and ratify the tripartite free trade area lapses this month.
The Central Bank of Kenya and Kenya Deposit Insurance Corporation have announced the Imperial Bank’s acceptance of the Final Offer from KCB, to enhance recovery for depositors.
[Kenya] UN-Habitat partners with Kisumu County Government to strengthen municipal finance and local economic development
The County Government of Kisumu, Kenya and UN-Habitat have committed to strengthening their collaboration on initiatives to improve municipal finance, revenue generation and local economic development.
Huawei and Tunisia have agreed to strengthen cooperation on ICT talents cultivation, digital economy development and public safety.
Over $6.397 billion was paid to the Nigerian government and its agencies in 2018 by Shell exploration and production companies in Nigeria.
IFC has signed a cooperation agreement with the Ethiopian Customs Commission (ECC) to provide advisory support aimed at supporting the ECC’s efforts to reform the trade logistics landscape of Ethiopia.
The Amhara Regional Government, the Federal Ministry of Health of Ethiopia and the General Electric (GE) Foundation and Grand Challenges Canada have launched of the Amhara Region Oxygen Centre.
Siemens and Ethiopia have signed an MOU with the Federal Democratic Republic of Ethiopia to support the government’s objective of becoming a low middle-income country by 2025.
Doraleh Container Terminal SA (DCT) has been successful in the London Court of International Arbitration proceeding against the Republic of Djibouti.
Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa, has pledged its support to the Zimbabwean government to help boost the country's healthcare sector.
Government support, international partnerships deliver major gains in Bahrain’s human trafficking war
Middle East remains a prime destination for trafficked persons subjected to forced labour and sex trafficking in a multi-billion dollar syndicate the United Nations Office of Drugs and Crime.
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.
Cooperation between Angola and Russia is set to be strengthened with the signing of ten new agreements in different economic and social areas.
A South African business delegation arrived in Brazil to participate at the 12th Latin American Defence and Security Exhibition (LAAD), to showcase their industrial capability as well as deepen the two countries' relations.
The Electoral Commission has launched an innovative online reporting platform to help combat the scourge of disinformation intended to unfairly influence the elections.
The Arab Organization for Industrialization (AOI) and the German federal institution for education have signed a protocol for vocational training.
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited (NLNG) have signed the Nigerian Content Plan (NCP) for NLNG’s Train 7 project.
CISI will join Agency UMOA Titres and FSDA to create a financial licensing certification system to raise financial sector capability and educate practitioners in the eight countries of the West African Monetary Union.
[South Africa] SARB imposes sanctions on three Authorised Dealers in foreign exchange with limited authority
The South African Reserve Bank (SARB) has imposed administrative sanctions on three Authorised Dealers in foreign exchange with limited authority (ADLAs).
South Africa fuel consumers will have to dig deeper into their pockets to buy the commodity as the Minister for Energy announced the adjustment of fuel prices based on current local and international factors, with effect from 3 April 2019.
The idea behind the decentralization of Government into devolved units was a noble one. Its main intent was to ensure that each and every Kenyan citizen can have an equal chance at living a productive quality life.
The Government of Uganda in partnership with the GSMA, and other stakeholders have held a high-level round table on mobile-enabled digital transformation in Uganda.
Equatorial Guinea and key oil and gas companies sign agreements for monetization of gas from the Alen Unit
The Ministry of Mines and Hydrocarbons of Equatorial Guinea executed the Definitive Agreements with the Alen Unit and respective Punta Europa Plant owners to monetize gas from the Alen Unit.
Kenya to face $2 billion annual bill due to poorly planned and procured infrastructure projects, report
It is nearly universally accepted that good infrastructure has significant benefits for the economy and peoples’ quality of life. Kenya currently has a predicted annual infrastructure spend of US$6.5bn a year by 2030.
African countries seeking innovative ways to improve revenue collection to finance development need to focus on non-tax revenue mobilization more than in the past to achieve their objective
AfDB has approved a €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises in Francophone West Africa.
The Monetary Policy Committee retained the Central Bank Rate at 9.00 percent as at March 27, 2019.
The KNCCI in collaboration with the Embassy of the Republic of Tunisia organized the 1st Kenya-Tunisia Business Forum with the aim of creating long-term economic relations between Tunisia and Kenya.
The Oracle Global Startup Ecosystem and the Government of Ghana have announced a new collaborative effort to support technology-enabled startups and entrepreneurs across Ghana.
Rwandan President, Paul Kagame and Globacom's Executive Vice Chairman, Mrs Bella Disu, have initiated discussions on the use of digital technology to help the march towards economic prosperity in Africa.
The European Investment Bank, the long-term lending institution of the European Union, and Bank of Kigali have agreed their largest ever cooperation to support new business investment across Rwanda.
The government of Tanzania has selected HID Global®, a worldwide leader in identity solutions’ citizen ID solutions to add e-Visa and e-Permit capabilities to its e-Passport.
Kampala City has been selected as the lead among the Twelve African cities in the Africa Smart Towns Network following a competitive submission to the call for applications by the French Development Agency early this year.
The Economic Commission of the Council of Ministers has approved the medium-term debt strategy (2019-2021).
Square Kilometre Array milestone reached in South Africa with adoption of environmental management plan
The Department of Science and Technology has welcomed the adoption of the Integrated Environmental Management Plan for phase one of the Square Kilometre Array in South Africa.
[South Africa] KwaZulu-Natal Economic Development Department launches bulk buying programme targeting SMEs
South Africa’s KwaZulu-Natal Economic Development, Tourism and Environmental Affairs Department has unveiled bulk buying and warehousing programme.
The South Africa Minister for Trade and Industry Dr Rob Davies will launch the R28 million revitalised Ga-Rankuwa Industrial Park on Thursday, 28 March 2019 in the North-West region.
Egypt Ministry of Planning, Follow-Up and Administrative Reform has signed a cooperation protocol with Visa Inc for electronic payment to help spread the culture of digital payment.
IFC and Tunisia’s Ministry of Communication Technologies and Digital Economy are launching a ground-breaking program designed to support high-potential startups and drive innovation across North Africa.
African countries need to grow their economies faster if they are to achieve the Sustainable Development Goals by the target date of 2030, the Economic Commission for Africa (ECA) says in its annual report.
The African Continental Free Trade Area (AfCFTA) marks a momentous milestone for Africa but findings of the 2019 African Regional Integration Index, indicate that regional integration in Africa remains low.
Africa must digitize its economies and to achieve the UN 2030 global goals (SDGs), and the AU Agenda 2063 according to the 2019 Economic Report on Africa.
Teledyne CARIS has announced it will be delivering a full software solution to the South African Navy Hydrographic Office.
The Department of Agriculture, Forestry and Fisheries has launched the Small-Scale Fisheries Sector in KwaZulu-Natal, South Africa.
Evidently, the novelty and productivity that women bring into a business is being lauded across the world for having a reverberating effect on all growing economies.
The Italian Government has signed an agreement for an additional €1 million contribution to the AfDB Multi-Partner Somalia Infrastructure Fund.
The African Development Bank and the governments of Mozambique and Portugal have signed a Mozambique-specific Memorandum of Understanding for the implementation of the Lusophone Compact.
Coming at a time when South Africa’s policy makers are struggling to diversify the country’s energy mix, Total Exploration and Production Southern Africa recently announced a major offshore gas discovery.
The United States of America (US) will grant Angola around two million dollars in ongoing assistance for combating money laundering and terrorist financing, the US Assistant Secretary of State has announced.
[South Africa] Cabinet approves white paper on Science, Technology and Innovation as government policy
The South African cabinet has approved the adoption of the 2019 White Paper on Science, Technology and Innovation as government policy.
The Capital Markets Authority (CMA) has approved the listing of the MAkiba Retail Infrastructure Bond – Issue No. MAB2/2017/3 Re-open 1, on the Nairobi Securities Exchange (NSE) reporting a 79% subscription rate.
Twenty-seven South African companies will get an opportunity to explore trade and investment opportunities in Ghana when they participate in an Outward Trade and Investment Mission from 24-30 March 2019.
Nissan Motor Corporation has made known its desire to consolidate its presence in the Egyptian market and cooperate with the Egyptian government in carrying out its ambitious plans for the development of the local auto industry.
President Nana Addo has assented to the Ghana Civil Aviation (Amendment) Bill to become Act 985 (2019).
Through Access UK, customers are now able to book their visa application centre appointment, scan and upload their supporting documentation from the comfort of their own home.
The Kingdom of Eswatini, the European Union and COMESA have signed ta financing agreement of 1.2 million Euros for the construction of a modern multi-purpose Trade Hub in Manzini.
At least 636.9 million kwanzas, approximately $2 million, are being invested by the Angolan Government in the construction of the rural industrial park.
South Africa, Mozambique and the UK progress in finalizing a roll-over Economic Partnership Agreement
South Africa Minister for Trade and Industry says progress has been made to finalize a roll-over Economic Partnership Agreement between the Southern African Customs Union, Mozambique and the UK.
Television Viewers in the Republic of Benin are now receiving 15 new Free-to-Air (FTA) channels from satellite, thanks to a new agreement the Government of the Republic of Benin has signed with SES.
The local communities of Sterkspruit, just outside Aliwal North in the Eastern Cape, will now be able to connect their cellphones to the free WiFi that was officially launched by Communications Minister.
Eswatini is set to launch the construction of a trade hub and private sector support project in Manzini town.
Winch Energy has signed a contract with the Ministry of Energy in Sierra Leone to provide electricity to 24 towns and villages in northern Sierra Leone through solar mini-grids.
[South Africa] The dti partners with World Bank to drive private sector competitiveness and investment
South Africa’s dti and the World Bank announced an advisory services partnership aimed at improving the business environment for domestic entrepreneurs.
The Government of Rwanda and The Arab Bank for Economic Development in Africa have signed a concessional loan agreement worth 20 million to finance rural electrification project.
Kenya’s Kwale County has partnered with Safaricom to roll out cashless payments for its 700,000 citizens.
The Kingdom of Eswatini has deposited the instrument of its accession to the 1993 Agreement for the Establishment of the African Export-Import Bank.