OFID, the OPEC Fund for International Development has signed a US$12 million public sector loan agreement with Malawi for a project aimed at improving health and living standards for circa 125,000 people.
Mauritania is serious about “rolling out the welcome mat” to foreign direct investment (FDI) following the launch of an online investment guide in the capital Nouakchott on 22 November.
The President and CEO of USADF and the Governor of Kebbi State, Nigeria, have signed a MOU announcing their intention to develop and expand local agricultural enterprises in the northern Nigerian state.
[Morocco] Vivo Energy and Zakoura Foundation partners with Education Ministry to educate on environment
Vivo Energy and the Zakoura Foundation have signed a partnership agreement with the Ministry of Energy National Education, Vocational Training, Higher Education and Scientific Research to bolster environmental education.
ECA’s African Trade Policy Centre Programme Management Officer has urged African leaders to honour their commitment to allocate 10% of their budgets to agriculture to improve continent's food security, reduce poverty and spur economic growth.
South African government has launched a $140 million fund to help small business start-ups that are geared towards creating employment opportunities.
The public and private sectors have this week recorded heightened activities with partnerships, trade and capital markets dominating headlines.
Burundi, Kenya, Rwanda, the United Republic of Tanzania, and Uganda have agreed to make trade between them and with other countries cheaper, faster and simpler.
The African Export-Import Bank (Afreximbank) has signed an agreement with the Nigerian Export Promotion Council and, launching a $1-billion Nigeria-Africa Trade and Investment Promotion Programme.
Mauritania government has awarded Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania.
EU commits €108 million to improve Niger’s social policies, good governance and access to electricity
The European Union is mobilizing an extra €108 million for social policies, security, good governance and access to electricity in Niger.
Weeks after launching direct flights to the United States, Kenya is streamlining its aviation sector further.
South Africa has deposited the instrument of ratification of the Agreement establishing the Tripartite Free Trade Area.
50 per cent of all new Kenyan jobs are estimated to come from medium and large companies, despite them constituting only 20 per cent of all firms in the manufacturing and services sectors.
President Uhuru Kenyatta has presided over the launch of new generation Kenya Shilling coins that conform with the provisions of the 2010 Constitution.
The EU has announced new funding totaling €125 million for the Sahel countries.
Most African countries are reported to have a positive economic outlook, apart from those with upcoming elections. This is according to ICAEW’s (the Institute of Chartered Accountants in England and Wales) latest report.
Guinea Bissau is looking at investing $700m to make the energy transformation a reality by 2030.
The Minister for Trade and Industry, Dr Rob Davies has welcomed the Supreme Court of Appeal’s decision to dismiss Micro Finance South Africa (MFSA) application challenging the regulations reducing the interest rate on the short-term loans.
President Uhuru Kenyatta has affirmed Kenya’s commitment to improving the civil aviation infrastructure.
The European Union is stepping up cooperation with Mali and the implementation of structural reforms to improve security, governance and access to basic services in the country.
The Executive Board of the International Monetary Fund (IMF) has approved a $3.7 billion facility to support Angola’s economic reform program.
South Africa continues to be the continent’s preferred destination for international investors due to its competitive market, favorable political climate, a booming middle class and strategic location.
The South African government has launched a special economic zone in Atlantis to attract large-scale investment.
In less than a decade, Africa ICT sector has experienced an unprecedented boom that has caught the world’s attention.
Even with mounting fears that rapid automation could reduce the number of jobs in the Kenya’s manufacturing sector, a new report posits that digital technologies can, in fact, boost job creation.
The fifth edition of the African Governance Report has examined efforts made to improve the governance of Africa’s abundant natural resources.
Modernising regulation and policy reform will be crucial to boosting Nigeria’s digital economy and accelerating internet access for millions through increased mobile broadband penetration.
The Secretary General of the EAC, Amb. Liberat Mfumukeko has held bilateral talks with a French government delegation.
The Kenyan government has launched the Kenya National Electrification Strategy (KNES).
IFC, a member of the World Bank Group, has signed a two-year $500,000 advisory project with I&M Bank (Rwanda) Plc. to expand access to finance for small and medium enterprises.
The Government Employees Pension Fund’s investment portfolio recorded an 8.3% growth, despite the country experiencing challenges and lack of economic growth.
South Africa Deputy Minister for Trade and Industry has received the assurance of the Tunisian business people that they are keen and committed to the establishment of the joint South Africa-Tunisia Business Council.
The 2018 Africa Sustainable Development Report has called on African governments to prioritize investments in water, sanitation and urbanization.
The Government of Nigeria and private sector investors are set to receive support that will help boost key industries such as the banking sector.
Central African Republic has formalized its membership of the African Export-Import Bank, Afreximbank.
South African parliament has ratified the agreement establishing the African Continental Free Trade Area.
Forty kilometers from the capital, Dakar, a new industrial park has opened.
Kenyan manufacturing risks further de-industrialization if the government and firms do not adapt to new digital technologies.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has described the national oil company as the most open and transparent government-owned corporate entity.
The Commission of the Economic Community of West African States (ECOWAS) and the government of Spain have restated their commitment to greater collaboration in order to build the capacities of citizens in the region.
The Togolese Republic has become the 20th Member State of Africa Finance Corporation (AFC), an African infrastructure development finance institution.
A draft report by the United Nations Economic Commission for Africa (ECA) titled, “Attracting Institutional Investors in Africa’s Infrastructure,” has undergone a thorough review by experts from wide-ranging sectors.
JinkoSolar Holding Co., Ltd has announced that it supplied 55.7MW of high-efficiency modules to the Garissa Solar Power Plant.
AfDB and Africa Growing Together Fund to provide $200 Million support for Nigeria Electrification Project
The Board of Directors of the African Development Bank Group has approved a $150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project.
The online investment guide (iGuide) to Mauritania has been launched in the presence of the media and representatives of the public and private sector.
The Board of Directors at the African Development Bank (AfDB) have agreed to a first rank loan of 51.26 million euros to finance the construction of a power plant in Malicounda, Senegal.
The International Centre of Insect Physiology and Ecology (icipe), Kenya, has been selected to manage the Regional Scholarship and Innovation Fund (RSIF).
The maxim Africa is the future perhaps rings true now more than ever.
Kenya is among few countries in the Africa that has taken positive steps towards the management of plastic pollution.
Kenya has this week successfully hosted the first global conference on blue economy that brought together over 16,000 delegates.
Quantum Terminals Group (QTG), a leading energy infrastructure developer in Ghana, has listed a corporate bond on London Stock Exchange’s International Securities Market.
A Canadian delegation in Kenya for the Sustainable Blue Economy Conference has said that their country will explore new partnerships with Kenya.
The African Union has strengthened its sanctions regime to ensure its 55 member states meet their financial obligations to the Union in time.
The African Development Bank (AfDB) has approved a €17.96 million loan to the Republic of Cameroon to finance the construction of a Ring-Road Project in the North-West Province of the country.
President Uhuru Kenyatta has lauded the just concluded Nairobi conference as one that generated the right momentum for harnessing the enormous economic potential of the blue economy.
In 2016 and 2017, the African Development Bank granted two budget support to Gabon , to support the country's reforms.
The Department of Mineral Resources (DMR) has initiated a ground stability study to be undertaken in the Johannesburg area with immediate effect.
The African Economic Research Consortium (AERC) is set to host its 49th Plenary Session of the Biannual Research Workshop in Nairobi, Kenya.
The government of Senegal in collaboration with UNIDO have opened a new industrial park forty kilometers (24 miles) from Senegal's capital, Dakar.
Kenya Power has announced a gross profit of KShs.3.1 billion for the year ended 30th June 2018. During the trading period, electricity sales increased by 2.3 % from 8,272 million units the previous year to 8,459 million units.
The Chief of Industrialization and Infrastructure at ECA has urged the African countries to sign the Luxembourg Protocol because railways are the key to open and free trade across Africa.
Zimbabwe’s Transport and Infrastructural Development and Transport Minister has urged the Africa continent to focus on infrastructure development, to ensure it was competitive enough to make a difference.
According to the latest African Development Bank (AfDB) Country Result Brief, Mozambique has made significant strides despite an economic slump over the past two years.
Mobilization of funds to support the implementation of the regional integration programmes is one of the key highlights of the 39th meeting of the COMESA Intergovernmental Committee.
The government of Rwanda and Netherlands have signed Memorandum of Understanding for additional financing grant worth €22 million to support Integrated Water Resources Management Program.
The core of any economy is the ability of economic agents to convert inputs – capital, labour, energy, raw materials and purchased services – into useful products.
Zhengzhou Yutong Bus Co., Ltd. , global bus supplier, has produced its 15,000th bus to be delivered to Africa at its factory in Zhengzhou, Henan Province.
Delegates attending the eighth Africities Summit in Marrakesh Morocco have rallied behind Africa’s sustainable agenda.
A 1.6-million-euro German donation to UNCTAD will help the UN's trade and development body work with African partners to implement a landmark continental agreement on cross-border commerce.
The Moroccan Association of Presidents of Communal Councils and the Council of Territorial Communities of the West African Economic and Monetary Union have partnered to support financial decentralization.
The oil sector will soon liberalize, in its entirety, the market for importing petroleum products into the country to oil companies interested in the business.
The Forum of African Regions has been launched to foster exchange and sharing of experiences between the presidents of the Africa.
The move by Ethiopia to increase female representation in Government is the latest indication of a global wave of awakening to the reality that increased female participation for development is a must for any economy.
Implementing competition law and policy has an increasingly regional flavour as countries navigate the complex globalized world.
A new comprehensive tool on African urban agglomerations has been launched on the sidelines of the eighth Africities Summit in Marrakesh Morocco.
Under the coordination of UNDP and collaboration with NEPAD’s Planning and Coordinating Agency, African countries are developing the First African South-South Cooperation Report.
Kenya and Mozambique have signed a visa waiver framework, paving the way for free movement of people that will boost trade between the two countries.
The United Nations WFP has received US$5m from the Government of Japan to enable scale-up a programme addressing undernutrition, micronutrient deficiencies and obesity in Ghana.
A transformative African Continental Free Trade Area (AfCFTA) requires the full inclusion and participation of the continent’s women.
The Ugandan economy rebounded strongly to 6.1 per cent in the 2017-2018 financial year.
A two-day Ad-Hoc Expert Group Meeting being held in Kigali is seeking to explore avenues through which financing for tourism development in the Eastern Africa region could be sustained.
Morocco has successfully launched a new satellite christened Mohammed VI-B.
WTO members have reviewed the interim Economic Partnership Agreement between the European Union and Ghana at the meeting of the Committee on Regional Trade Agreements.
The Zenata Development Company (SAZ) and the United Nations Industrial Development Organization (UNIDO) are joining forces to ensure the sustainability of the Zenata industrial park in Morocco.
At least 86,000 and 460 peasant families in the province of Huíla will benefit in 2019 from the first phase of the implementation of the Family Agriculture Development Project.
With an average growth rate of 6.7% between 2013 and 2017 - double the African average - East Africa is one of the fastest growing regions in the world, accompanied by rapid social improvements
Smart Packaging Solutions (SPS), a global ID card and ePassport manufacturing technologies companies, has been selected by five countries in West Africa for their national eID cards.
Kenya’s mobile operators, regulator and government have come together to support a major GSMA initiative aimed at ensuring a safe online environment for children.
The level of transparency in military spending in sub-Saharan Africa is greater than previously thought, according to a new report from the Stockholm International Peace Research Institute.
Angola Capital Partner (ACP), which manages the investment funds of Norway, has invested $40 million in Angola provinces over the last 10 years.
The largest pan-African congregation of cities and local governments, the 8th Africities Summit, has opened in Marrakesh Morocco under the theme ‘the transition to sustainable cities and territories.
The President & CEO of USADF and the Governor of Kebbi State, Nigeria signed a MOU announcing their intention to develop and expand local agricultural enterprises in the northern Nigerian state.
The South African government is pulling out all the stops to improve the country’s investment climate with the aim of attracting more investments to achieve the target of $100 billion worth of investments.
The South Africa Department of Labour is warning the public against a bogus website doing rounds on social media platforms promising the UIF benefits.
The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior and the Chairman and CEO of Total have inaugurated the Kaombo project.
Alstom will be part of the inauguration of the Tangier-Casablanca high speed line with its very high-speed trains supplied and delivered to the Office National des Chemins de Fer Marocain (ONCF).
Common Market for East and Southern Africa, COMESA, and the European Union have signed a €53 million trade facilitation facility.
The new Customs Tariff in force since August may be subject to some adjustments, after evaluating internal production capacities, Angola’s Finance Minister Archer Mangueira has said.
The European Union (EU) and Kenya have held a dialogue session on the EU-Kenya partnership.