The KCB Group has inaugurated a new board for National Bank of Kenya (NBK), the lender it acquired recently.
[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.
Morocco has developed one of the most advanced telecommunications markets in Africa, supported by the government's Maroc Digital 2020 strategy
Angola is on the list of African countries whose economic recovery has remained weak, a situation that is “weighing” on the region's prospects, according to the report of the 20th edition of Africa's Pulse.
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.
President of the Federation of the Egyptian Chambers of Commerce (FEDCOC) Ibrahim El Arabi said the volume of investments between Egypt and Portugal amounted to more than $450 million.
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.
Efforts to revive the country’s sluggish economy and create much-needed employment are set to receive a major shot in the arm with the launch of Mara Phone’s first cellphone manufacturing plant in South Africa.
El Dabaa Nuclear Power Plant (NPP) project will help transfer advanced technologies to Egypt, Minister of Electricity and Renewable Energy Mohamed Shaker said.
The Angolans citizens’ personal data become protected from now onwards, with the official launch of the National Database Protection Agency (APD).
In the past, Ghana has been one of the smaller oil and gas producers on the continent but that production is expected to grow rapidly over the next five years.
[Angola] Drought and commercial cattle farming exposes tens of thousands to devastating hunger, Amnesty International
Tens of thousands of pastoral farmers who have been driven off their land to make way for commercial cattle ranches have been exposed to a greater risk of hunger and starvation as drought grips southern Angola.
Sasol and Nduna Maritime have entered into a R400 million enterprise and supplier development (ESD) funding agreement through the Sasol Siyakha Trust, in South Africa’s first locally-owned maritime vessel.
International Organisation for Migration completes fish farming project to boost local economy in Niger
The International Organisation for Migration has completed a fish farming project to the benefit more than 6,500 people through its project Community Stabilization Initiatives in Northern Niger, funded by the German Federal Foreign Office.
The UK International Development Minister visited Ghana to strengthen trade and investment ties ahead of the UK-Africa Investment Summit in 2020.
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.
The Nigerian Stock Exchange has announced the amendment to the rules on Pricing Methodology; price movements of equity securities traded on The Exchange.
Middle East, North Africa faces subdued growth, bolder reforms needed to boost private sector, World Bank
Economic growth in the Middle East and North Africa (MENA) region is projected to slow to 0.6% this year compared with 1.2% last year, according to a new World Bank report.
Privately owned Ghana Technology University College is to be absolved by government, according to Emmanuel Afoakwa, President of the University.
Coldiretti’s President, Ettore Prandini, Eni’s CEO, Claudio Descalzi, and BF S.p.A.’s CEO, Federico Vecchioni, have signed a cooperation agreement to start assessing the potential for projects abroad– especially in Africa.
The Director-General of the dti said that even though global growth remains subdued and South Africa was confronted by a host of indirect risks consequences, it still achieved significant strides in job creation and economic growth initiatives.
[Nigeria] Afreximbank urges creation of specialised agency to take advantage of AfCFTA opportunities
The President of the Afreximbank urged Nigeria to set up a specialized agency to enable it take advantage of the opportunities offered by the implementation of the African Continental Free Trade Area (AfCFTA).
Eni, Government of Angola deepen cooperation for efficient and sustainable access to energy resources
The President of the Republic of Angola and the CEO of Eni met in Luanda to discuss new community development initiatives that would contribute to the carbon neutrality of Eni's activities in the country.
FAW and Zimbabwe Parks and Wildlife Management Authority (ZimParks) signed a historic conservation partnership for wildlife and people.
The National Regulator for Compulsory Specifications (NRCS) confiscated thousands of cement bags which were found to be non-compliant with the requirements of the compulsory specification on cement.
Rwanda's President Paul Kagame launched a high tech smartphone factory in the country's capital Kigali, the first of its kind in Rwanda and Africa.
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.
IFAD has opened a regional office in Cairo to serve as a strategic rural development center for its work to reduce poverty, empower women and youth, and create employment opportunities in seven countries across the region.
IDC's latest forecast shows that IT spending in the Middle East and Africa (MEA) is set to reach $83.7 billion in 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.
Eni, Government of Mozambique strengthen cooperation for sustainable development and decarbonisation
The Minister for Mineral Resources and Energy in Mozambique and Eni Chief Executive Officer signed a Memorandum of Understanding for the definition of sustainable development and decarbonisation projects.
“The urban opportunities far outweigh the challenges,” said Prof. Davis G. Mwamfupe, the Mayor of Dodoma, Tanzania, during his message to the Cities Leadership workshop, launching the City Diagnostics for five pilot cities in Africa.
The Secretariat of SADC and the Africa Risk Capacity signed a MoU which lays the foundation for collaboration on matters of common interest related to disaster risk and financing for disaster management.
Acting CS for the National Treasury and Planning has called on residents of the Upper Eastern Region at the Kenya-Ethiopia border to take advantage of recently established One Stop Border Point in Moyale to boost trade.
IFC is investing $10 million in CardinalStone to expand access to finance for high-growth, underserved small and medium enterprises (SMEs) in Nigeria and Ghana.
Tourism sector vital in East African Community, EALA calls for embrace of single tourism visa, report
A report of the Assembly on the Oversight activity on the Performance of the Tourism Sector in the region, wants the East African Community (EAC), to fastrack the conclusion of the EAC Protocol on Tourism and Wildlife Management.
UNIDO, Mitsui partner to raise environmental awareness, advocate for sustainable alternatives to plastic products in Africa
UNIDO and Mitsui have agreed on a collaboration and partnership framework to work to promote awareness of more environmentally sustainable alternatives to single-use plastic products in Africa.
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.
The Kenya Revenue Authority (KRA) has embarked on an aggressive tax compliance strategy to ensure that all eligible taxpayers pay their fair share of taxes.
KCB Group has listed an additional 142,979,717shares at the Nairobi Securities Exchange (NSE) following the successful acquisition of the National Bank of Kenya (NBK).
South African Airways (SAA) has announced the expansion of the codeshare agreement with Air Seychelles (HM) to New York effective 1 November 2019.
The South African Minister for Trade and Industry (the dti) Ebrahim Patel, has launched a taxi manufacturing expansion plant worth almost half a billion rands in Durban, KwaZulu-Natal.
The intra-Global Climate Alliance Plus (GCCA+) Programme on supporting Climate Change Adaptation and Mitigation Actions in the East African Community has been launched at the EAC Headquarters.
The number of countries participating in the COMESA Free Trade Area is set to rise as Tunisia prepares to join the trading regime by the end of this year.
[Nigeria] Securities and Exchange Commission selects PML Audit to serve as auditors to public liability companies
Nigeria Securities and Exchange Commission has registered PML Audit to serve as auditors and reporting accountant to public liability companies in Nigeria starting from August 2019.
WCS, partners fit Elephants with GPS/satellite collars to reinforce ongoing protection efforts in Nigeria
The Wildlife Conservation Society (WCS) announced that it has fitted six elephants with GPS/satellite collars over the past two months to further reinforce ongoing protection efforts in Nigeria’s Yankari Game Reserve.
The East African Legislative Assembly (EALA) report has lamented over the declining forest cover in the EAC region, while calling for remedial measures to address factors hindering on the future sustainability of the Lake Victoria Basin.
South Africa and Switzerland are set to deepen their collaboration in science, technology and innovation (STI) following the renewal of a fruitful STI cooperation agreement between the two countries.
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.
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.
Australia based FAR Limited has acquired an additional 10% interest in the highly prospective offshore Blocks A2 and A5 offshore The Republic of The Gambia, giving FAR a 50% working interest and the Company retains Operatorship.
The Central Bank of Kenya (CBK) announces the successful completion of the withdrawal (demonetization) of the older series KSh.1,000 notes.
The Government of Sierra Leone (GoSL) and Sherbro Alliance Partners have signed a Memorandum of Understanding on a strategic partnership for the development of a new charter city.
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.
The High Court in Nairobi, Kenya ruled in favour of KRA in a case filed by a Dubai based company seeking orders to stop KRA from collecting KShs 2.3 billion in tax debts from its affiliate company registered and operating in Kenya.
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 Director-General of the OPEC Fund for International Development (the OPEC Fund) Dr Abdulhamid Alkhalifa has signed a US$20 million loan agreement to support water and sanitation infrastructure in Rwanda.
The Zimbabwe Parks and Wildlife Management Authority (ZimParks) and the International Fund for Animal Welfare (IFAW) announced a ground-breaking partnership to enhance wildlife conservation in key protected areas in the country.
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.
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.
New regulations to protect the South African consumer against health and safety risks posed by the production of processed meat products will come into effect this month.
The Ghana Commodity Exchange (GCX) has partnered with the United Nations World Food Programme (WFP) to manage a warehouse WFP constructed for smallholder maize farmers in the Ejura/Sekyedumase Municipality.
Côte d'Ivoire is the market that has most rapidly improved its trade growth potential over the past decade, according to new research from Standard Chartered (SC.com).
Dating back to the seventies, developing countries that are rich in resources have consistently performed poorly in the face of the great potential for wealth and greater living standards that natural resources can bestow on them.
IFC, Financial Market Council begin consultations for the implementation of the guiding principles for green bonds in Tunisia
IFC, a member of the World Bank Group, and the Financial Market Council today launched a series of consultations aimed at leading to the development of the guiding principles of the Tunisian green bond market, social and sustainable.
The Kenyan government has signed a Communique with the Center for Effective Global Action (CEGA), the Rockefeller Foundation, and the United Nations to inspire future action and support for the delivery of Kenya’s Big Four agenda.
Malawi’s national adoption of affordable, rugged, neonatal CPAP technology as a part of routine hospital care resulted in sustained improvements in the survival of babies with respiratory illness, according to a new study in the journal Pediatrics.
Netherlands donates $28 million to build more resilient food systems in Somalia, South Sudan and Sudan
The Kingdom of the Netherlands has contributed $28 million to back FAO's work to boost the resilience of food systems in Somalia, Sudan, and South Sudan.
Safe food is essential to our health and wellbeing; yet it has emerged as a political football in recent months, as different authorities chase a role in food testing.
South Africa and Botswana signed a MoU to formalise their commitment to collaborate on all standards related matters, including standards development and recognising South Africa as an inspection services provider.
The Ministry for Foreign Affairs of Finland has made an additional contribution of EUR 8.1 million ($8.9 million) to the Somalia Multi-Partner Trust Fund (MPF), administered by the World Bank.
The European Commission has announced €34.275 million in humanitarian funding to help the most vulnerable people in the Great Lakes region in Africa.
This week, the U.S. Trade and Development Agency welcomed a delegation of 14 senior Kenyan government officials to share best practices on innovative, value-based tools that promote fair, transparent public procurement.
The Ghana Cocoa Board (COCOBOD) has completed a USD 1.3 billion cocoa syndicated loan agreement for the purchase of cocoa beans from local farmers during the 2019/2020 crop season.
The Ghana Cocoa Board (COCOBOD) has signed an agreement with the China General Technology Group for the establishment of a cocoa processing factory in Ghana.
AUDA-NEPAD Eastern Africa regional office has been operationalized in Nairobi, Kenya.
In spite of a slight improvement in the food security situation since June 2019, more than half the population of South Sudan, some 6.35 million people, do not know where their next meal will come from, three United Nations agencies warned.
The Department of Trade and Industry announces that a 50-year Durban Aerotropolis master plan has been unveiled and the plan will set in motion ground-breaking initiatives with regard to the development of Durban Aerotropolis.
A group of 35 South African companies from the agro-processing sector will showcase their products at the 28th annual World Food Moscow International Exhibition in Russia.
Agricultural innovation & technology hold key to poverty reduction in South Asia and Africa, World Bank
Developing countries need to dramatically increase agricultural innovation and the use of technology by farmers, to eliminate poverty, meet the rising demand for food, and cope with the adverse effects of climate change.
Under-Secretary-General (USG) for Humanitarian Affairs and Emergency Relief Coordinator Mark Lowcock has called for sustained funding to protect recent gains made in beating back hunger in Somalia.
Egypt and China have inked a memorandum of understanding (MOU) on exporting fresh Egyptian dates to China.
South Africa, along with five other countries in the Southern African region have concluded a new trade agreement with the United Kingdom (UK) that will allow business to keep trading freely after Brexit.
The ongoing efforts to promote excellence in oncology nursing and quality cancer care in the country have received a boost following the launch of Oncology Nursing Training Initiative.
Angola's Ministry of Trade, Ministry of Economy and Planning, together with the UNCTAD discussed reforms to boost FDI for economic diversification, during the presentation of the Investment Policy Review (IPR) in Angola.
The United Arab Emirates has partnered with FAO to provide $4 million in funding to foster rural development in Liberia.
Egypt Public Businesses Minister Hisham Tawfiq has held discussions with Chinese Minister Miao Wei on cooperation in manufacturing electric cars through developing El Nasr Automotive company and the Engineering Company for Car Industry.
The African Development Bank (AfDB) country office in Zambia and the UN Nutrition Network have agreed to lead multi-agency commitments aimed at effective implementation of the country’s national food and nutrition agenda.
The UK has initialled an Economic Partnership Agreement with the Southern African Customs Union and Mozambique (SACU+M) that will allow business to keep trading freely after Brexit.
Angola presents a wealth of business opportunities for the South African private sector, Commerce Minister
Angola Commerce Minister Dr Joffre Van-Dunem Junior said that Angola is a trade and investment destination for the South African companies keen on investing and doing business in the country.
The Republic of Mauritius has become the 23rd member state of Africa Finance Corporation (AFC), Africa's leading investment grade, infrastructure solutions provider.
The UK has initialed an Economic Partnership Agreement with the Southern African Customs Union and Mozambique (SACU+M) that will allow business to keep trading freely after Brexit.
GE Healthcare and the Ministry of Health recently trained over 260 healthcare technologists from all Level 4, 5 and 6 hospitals from across the country’s 47 counties.
The government of Ethiopia has unveiled what it describes as a “Homegrown Economic Reform” agenda aimed at unlocking the country’s development potential.
The National Energy Regulator (Nersa) recently announced an alarming price hike in South African electricity tariffs for the next three years.
The European Union (EU) has provided a € 15 million support to improve the competitiveness of Ethiopia’s coffee sector.
KCB Group has signed a pact with Japan based giant lender Sumitomo Mitsui Banking Corporation (SMBC) to drive cross-border trade and deepen financial inclusion.
After extensive negotiations, Sasol has concluded 2 Local Development Agreements (LDAs) with the communities of Inhassoro and Govuro districts in Inhambane Province, Mozambique.