Bayer has renewed its commitment to the “Bridging the Seed Gap” project for five years in Ethiopia.
Saudi Arabia’s largest mining company, Ma’aden, will make its first international acquisition with the purchase of an African Fertilizer distribution company.
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.
The KCB Group has made an offer to acquire 100% of the ordinary shares of National Bank of Kenya (NBK).
A joint effort by FAO and Mozambique's Ministry of Agriculture and Food Security has seen farmers in areas left devastated by Tropical Cyclone Idai receive agricultural inputs to assist hard-hit rural families get a head-start.
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.
NIC Group has announced that during the Annual General Meeting held on Wednesday, 17th April 2019, its shareholders overwhelmingly approved the merger with Commercial Bank of Africa (CBA).
The Sahara Group and UNDP are joining forces to promote reliable access to affordable and sustainable energy across Africa.
[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 Government of Japan has agreed to fund a $ 419, 682 project to improve livelihoods in Gabon through strengthened food security.
Mastercard has been recognised as South Africa’s top employer brand in the financial services sector at the recent South Africa Best Employer Brand Awards 2019.
Kenya Airways has reached an agreement with Delta Airlines to activate its codeshare in the US and Canada.
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.
SAP Next-Gen has launched the local chapter of Women in Data Science, an initiative that seeks to educate female data scientists and encourage them to enter the science, technology, engineering and mathematics fields.
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 Nairobi Securities Exchange (NSE) has admitted Vehicle and Equipment Leasing Limited (VAELL) onto its premium incubation and acceleration program, Ibuka.
The Nairobi Securities Exchange (NSE) has admitted Myspace Properties onto Ibuka, NSE’s incubation and acceleration program.
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.
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.
The World Bank has unveiled a new plan to help African countries strengthen their human capital.
Africa Oil announced that it has acquired 4,752,850 common shares of Eco (Atlantic) Oil and Gas ("Eco") (TSXV:EOG or LSE:ECO) for US$1.05 per common share for a total consideration of US$4,999,998.
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.
ECA Deputy Executive Secretary met with Armenia’s Foreign Affairs Minister, and discussed ways to forge close cooperation in advancing the smart development concept to help Africa in implementing Agenda 2030.
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.
Aker Energy has pledged $4.5 million in support for the Accelerated Oil and Gas Capacity-Building (AOGC) programme in Ghana.
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.
[South Africa] New Development Bank outlines ambitious plans to boost loans, increase investment impact
The New Development Bank plans to almost double its loan book to USD 16 billion this year and increase its impact, as it seeks to broaden its global development partnerships.
[South Africa] Standard Bank appoints Chief Technology Officer as bank focuses on digitization strategy
Standard Bank Group has appointed Mr. Tau Mashigo as its new Chief Technology Officer (CTO), reporting to the Chief Information Officer (CIO).
IFC has entered into partnerships with Al Mansour, owner of prominent food retail chains in Egypt, to increase economic opportunities for women.
Schiphol, Kenya Airports Authority and Galapagos Airport sign agreement to tackle wildlife trafficking
Royal Schiphol Group, Kenya Airports Authority and Galapagos Airport have signed the United for Wildlife (UFW) Transport Taskforce Buckingham Palace Declaration to combat wildlife trafficking.
Sida, FAO and ECOWAS have joined forces to protect West Africa's forests and help safeguard the livelihoods of millions of people who depend on them.
Women entrepreneurs working in agricultural processing in the Kigoma Region have seen a boost to their income and social position thanks to a programme led by Energy 4 Impact.
Facebook artificial intelligence researchers create world's most detailed population density maps of Africa to address infrastructure challenges
Facebook is working closely with key non-profit and research partners to use artificial intelligence (AI) and big data to address large-scale social, health and infrastructure challenges in sub Saharan Africa.
GLS and NAS joint venture company GLS – NAS broke ground for a new 2,700 square meter cargo terminal at Roberts International Airport in Monrovia, Liberia.
National Aviation Services (NAS), the fastest growing aviation services provider in the emerging markets will offer comprehensive ground handling and cargo services in Mozambique beginning July 2019.
Leading digital money transfer service WorldRemit continues its rapid expansion in Africa, launching low-cost bank transfers to all banks in Congo-Brazzaville.
Vivo Energy Morocco and Butagaz brand Liquefied Petroleum Gas have announced the launch of the new generation of Shell fuels.
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.
South African Airways (SAA) has increased its frequencies on nonstop flights between Washington, D.C.-Dulles International Airport and Accra’s Kotoka International Airport to five days weekly.
The China-Africa Enterprises Convention, which will be held from June 8 to 12, 2019 in Shanghai, China, is an opportunity for African companies to trade and establish strategic partnerships with Chinese companies, to learn from Chinese companies experience and find investment opportunities with Chinese and African investors.
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.
Africa Healthcare Network has over the years worked to change the landscape of renal care and education in Sub-Saharan Africa through the provision of dialysis services, education of clinicians and patients.
The refurbishment of the old Saint Louis power station by the African Development Bank (AfDB) has brought a breath of fresh air to those working at and living in the north west of Mauritius.
South African Airways has launched additional 24 non-stop charter flights to the Maldives from April until October 2019.
Chariot Oil & Gas has announced that it has been awarded a 75% interest and operatorship of the Lixus Offshore Licence in Morocco.
Total has started up production on Kaombo Sul, the second Floating Production Storage and Offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 kilometers off the coast of Luanda, Angola.
IFC announced a joint effort with Egypt’s Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for Eastern Mediterranean and improve its energy infrastructure.
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.
Over 10,000 Liberia cocoa farmers to benefit from a $47 million IFAD project on food security and market access
About 10,000 cocoa smallholder producers in Liberia will benefit from a new $47.6 million project that aims to improve their food and nutrition security.
In line with the targets set out in the Capital Market Master Plan, CMA has established a Financial Markets Law Review Panel of 16 leading domestic and international financial market lawyers and practitioners.
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.
Jiji and OLX announced that both companies have reached an agreement under which Jiji will acquire OLX businesses in Ghana, Kenya, Tanzania, and Uganda, pending certain regulatory approvals.
The International Air Transport Association (IATA) has recognized Entebbe Handling Services, now NAS Uganda, as a top performing IATA Accredited Training School (ATS) in Africa and the Middle East for 2019.
The National Aviation Services (NAS), has partnered with Wanzl and ICT.aero to launch state-of-the-art electronic gates (E-gates) at its Pearl Lounge in the Marrakech Menara Airport departures area, Morocco.
The USTDA announced a grant supporting a feasibility study for solar systems that will bring to clean power to thousands of people in Ghana.
[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).
The Development Bank of Southern Africa (DBSA) and New Development Bank (NDB) have signed a loan agreement for Greenhouse Gas Emissions Reduction and Energy Sector Development Project.
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 Nairobi Securities Exchange (NSE) has admitted Bluenile Rolling Mills Limited onto Ibuka, NSE’s incubation and acceleration program.
The COMESA Secretariat has offered to host the Sustainable Development Goals Center for Africa (SDGC/A) offices in Zambia.
The AfDB Board has approved the allocation of $20 million in loans to the Democratic Republic of Congo, to support renewable-based mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema.
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.
IFC has announced that it has signed an agreement with Africa RE, to help thousands of small holder Nigerian farmers more easily access insurance to protect their crops and livelihoods.
The Board of the Capital Markets Authority has approved the Regulatory Sandbox Policy Guidance Note setting the stage for CMA to begin accepting applications for admission of fintech firms to its Regulatory Sandbox.
Nestlé, Unilever, The Coca Cola Company and Diageo have announced plans to improve the collection and recycling of plastics across Africa by launching the Africa Plastics Recycling Alliance.
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.
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.
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.
Farmcrowdy, a Nigerian agritech company has raised an additional $US 1 million in funding from international investors Cox Enterprises and Techstars, along with local investor Ajayi Solutions.
Global management consultancy Accenture has held a SAP Intelligent Enterprise client event in South Africa to consolidate the launch to its SAP enterprise solution myConcerto.
The Nairobi Securities Exchange (NSE) has admitted Moad Capital as the third company to join Ibuka, NSE’s incubation and acceleration program.
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.
Africa-focused Ampion and Berlin-based Plutos Ventures Holding have together founded Ampion Ventures, the goal of which is to build scalable digital business models in selected African countries.
The Department of Agriculture, Forestry and Fisheries has launched the Small-Scale Fisheries Sector in KwaZulu-Natal, South Africa.
FTI Consulting has announced the continued growth of its South African practice with the addition of a team of eight experts from Econex, a leading trade, competition and applied economics consultancy firm.
The Italian Government has signed an agreement for an additional €1 million contribution to the AfDB Multi-Partner Somalia Infrastructure Fund.
The CEO of Productivity South Africa has reported that the Workplace Challenge Programme (WCP) has to date assisted 1 000 companies and successfully led to the retention of more than 50 000 jobs since its inception in 1998.
South African small business manufacturers in the cosmetics industry would do well in international markets and meet the high export demand as their products are of high quality and affordable, according to CECOSA Executive Director.
OFID has signed a $12 million loan agreement with Mozambique to co-finance a project aimed at strengthening artisanal and industrial fishing to boost food security and improve living standards.
The Chartered Institute for Securities & Investment (CISI) has announced the launch of its Nigerian National Advisory Council (NAC).
IFC is partnering with GSE and over 70 other stock exchanges around the world to “Ring the Bell for Gender Equality”, an initiative that will seek to promote increased women’s participation in the global economy.
[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.
[Kenya] TechnoServe, Moody’s Foundation partnership to equip 1,000 entrepreneurs with business skills
Development organization TechnoServe has announced a new partnership with Moody’s to empower entrepreneurs in the informal settlements of Nairobi.
The Prudential Authority has imposed administrative sanctions on Bidvest Bank for non-compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act).
Africa Energy has announced the start of a new 3D marine seismic acquisition program over the Paddavissie Fairway on Block 11B/12B offshore South Africa.
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.
Standard Bank is realigning its retail and business banking delivery model to the changing needs of customers amid rapid adoption of digital banking products and services.
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.
GreenTec Capital Africa Foundation has launched its activities in Europe and in Africa to promote investment in African entrepreneurship with the goal of driving the creation of economic and social added-value.
The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit taking place in Nairobi.
Bidco Africa, the largest manufacturer of FMCG in East Africa, migrates to SAP HANA Database to gain real-time and in-memory computing capabilities to improve its delivery to customers.
Kenya Power has acquired two new single phase meter test benches of 40 positions each in a bid to enhance the capacity for testing and deployment of meters to its customers.
NIC Bank has launched a one-of-a-kind financing scheme that will allow Toyota Kenya customers access financing to purchase new Toyota vehicles.