Tanzania, IFAD partner to boost productivity, improve food security and build resilience of small-scale farmers
A $77.4 million project signed by the International Fund for Agricultural Development (IFAD) and the Government of the United Republic of Tanzania will help rural households facing the impacts of climate change.
IMPACC has announced plans to provide smart equity investment of between $30,000 – $150,000 with a period of 6 to 12 months to social businesses in Africa.
The Nairobi Securities Exchange (NSE), officially launched its Unquoted Securities Platform (USP), a market infrastructure that facilitates the trading, clearing and settlement of securities of unquoted companies in Kenya.
Science, technology and engineering solutions provider KBR, announced it has been awarded a contract to complete the Front-End Engineering Design (FEED) for BUA Group's new, modern refinery facility in Nigeria.
The Nigerian Diaspora Direct Investment Summit (NDDIS) in London has announced its next ‘face to face’ summit with the theme: “Computer Village” & Information Communication Technology (ICT) Summit.
Value chains project supported by the AfDB helps increase animal production, income of agro-entrepreneurs in Gambia
The Agricultural Value Chains Development Project , implemented since 2016 in The Gambia, has increased animal production and the income of agripreneurs, according to the African Development Bank (AfDB).
The Republic of Congo signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF), that will unlock up to $41.8 million for reducing emissions from deforestation and forest degradation and increasing carbon sequestration.
Starsight Energy is delighted to announce its expansion into East Africa via the acquisition of a 50% stake in the East African operations of Premier Solar Group, a market-leading Commercial & Industrial (C&I) solar company with a focus on Sub-Saharan Africa and South Asia.
PPC and Kgatelopele Lime announced they have reached an agreement for the sale of PPC Lime to Kgatelopele Lime for $39.1million.
Health and beauty company Clicks plans to acquire the retail pharmacy business of Pick n Pay, including 25 in-store pharmacies which will be rebranded to Clicks.
Orange is accelerating its solar projects in Africa and the Middle East to reduce its carbon footprint to zero by 2040.
Global law firm DLA Piper has partnered with Invest Africa, the trade and investment platform for African markets, to support the development of ESG best practice in African renewable energy projects.
Samsung Electronics has donated 1,000 Galaxy Tab devices to UNHCR, the UN Refugee Agency, which will be delivered to 15 locations including schools and community centers in Dadaab and Kakuma refugee camps in Kenya.
Incentro is directly looking for a Senior Java developer in Nairobi
The UN Food Systems Summit has announced a competition to identify the best small and medium-sized enterprises (SMEs) from across the world who are transforming food systems for a better tomorrow.
The construction of Border Export Zones in four sites in Uganda has reached 85% completion. The border markets under construction in the zones include Busia, Lwakhakha, Oraba and Katuna.
The Nigerian Communications Commission and Nigerian Communications Satellite signed an MoU to facilitate the release of contiguous bandwidth in one of the most suitable frequency spectrum bands for early deployment of 5G Network services.
Gold Fields Board of Directors gave the green light for the construction of a 40MW solar plant at the South Deep mine in South Africa. This follows the granting of a licence by the National Energy Regulator of South Africa in February this year.
The COVID-19 pandemic has had devastating effects on smallholder farmers in Africa. In some countries, supply chain disruptions have made it hard for farmers to get seeds, fertilizers, and services in time for growing seasons.
Reconnaissance Energy Africa (ReconAfrica), has spudded the second well (6-1), of an initial three well program in the Kavango Basin in the Kalahari Desert of North East Namibia.
Galiano Gold announced it has acquired 100% of ABG Mali Exploration SARL (ABG Mali) from a subsidiary of Barrick Gold for consideration paid of $1.5 million.
Galiano Gold announced that exploration work has commenced on its 100% owned Asumura property in Ghana.
IFC, a member of the World Bank Group, will provide Absa Bank with a loan of up to $150 million to support the bank's strategy to expand its climate finance business and help South Africa meet its greenhouse gas reduction targets.
IFC and Ghana's Securities and Exchange Commission (SEC), announced a partnership to facilitate investments in projects that address climate and environmental issues through green bonds.
In a joint announcement with the Government of Nigeria, Microsoft has detailed several projects aimed at intensifying the nation’s move to become a more digital economy.
Fitch Ratings has affirmed Morocco's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook.
Hikma Pharmaceutical and Melinta Therapeutics entered into an exclusive licensing agreement for Vabomere® (meropenem and vaborbactam) and Orbactiv® (oritavancin), two novel anti-infective injectable products, for the MENA region.
In a sign of robust global investor interest in the continent, Africa Finance Corporation (AFC), a multilateral development financial institution dedicated to infrastructure financing in Africa, successfully issued a Eurobond at its lowest yield to date.
Afentra (African Energy Transition), the upstream operator focused on opportunities in Africa, has been launched with a clear mandate to look at opportunities to invest in the energy transition in Africa.
Beyond its environmental components, addressing climate change is about economic competitiveness and opportunity.
The Development Bank of Southern Africa (DBSA), launched the second edition of the DBSA Youth Challenge, a competition aimed at harnessing innovative solutions from young people in South Africa to help address infrastructure challenges.
The South African Reserve Bank, as part of the modernisation of the national payment system (NPS), embarked on the Authenticated Collections (AC)/DebiCheck project.
Uhuru Investment Partners (Uhuru), a middle-market private equity firm based out of Lagos and Abidjan, announced the first close of Uhuru Growth Fund I (UGF) at $113 million, with capital support from CDC Group.
Siemens Energy signed an agreement with Spanish EPC contractor TSK to provide the company’s highly efficient energy technology and services to Atinkou, a new combined cycle power plant to be built in Jacqueville, Côte d'Ivoire.
The Klaipėda (Lithuania) liquefied natural gas (LNG) terminal, operated by KN (AB Klaipėdos Nafta) expects to receive LNG cargo from Egypt, the ‘Idku’ natural gas liquefaction plant to reach Klaipėda Seaport for the first time.
Madagascar's farmers stand to build stronger climate resilience, increase productivity, and more easily access financial services thanks to an agricultural insurance program announced by IFC and the Government of Madagascar.
Centamin announced it has awarded the engineering, procurement and construction contracts for the 36MW solar farm and 7.5 MW battery-energy storage system at the Sukari Gold Mine (the Sukari solar plant) to juwi AG and Giza Systems in Egypt.
A new online platform to facilitate the exchange of information and knowledge on dementia is being launched today by World Health Organization (WHO).
The World Bank discussed the new Country Partnership Framework (CPF) for Malawi, which supports the creation of more jobs, the strengthening of human capital, and supporting foundations for economic growth and accountability.
West Africa's provider of high-quality housing and housing finance solutions announced an updated logo and a return to its founding corporate identity as Jobomax.
Anglo African Oil & Gas will enter into an option agreement (the "Option") with Saltfleetby Energy Limited ("SEL") to acquire a 25% interest in in the Saltfleetby gas field, East Lincolnshire.
Atlanta-based startup Outsource Monetic commences commercial and technical operations in West and Central Africa
Outsource Monetic™, an Atlanta GA based startup, officially started its commercial and technical operations in West and Central Africa regions.
The Arab Petroleum Investments Corporation (APICORP), estimates in its MENA Energy Investment Outlook 2021-2025, that overall planned and committed investments in the MENA region will exceed $805 billion over the next five years.
Merck Foundation, the philanthropic arm of Merck KgaA, announced its partnership with Africa Reproductive Care society (ARCS) based in Lagos, Nigeria to build fertility and reproductive tube care capacity, build advocacy to break the stigma of infertility.
African countries commit to double agricultural productivity, development banks and partners pledge over $17b to increase food security
A coalition of multilateral development banks and development partners has pledged over $17 billion in financing to address rising hunger on the African continent, and to improve food security.
May 3, 2021 marked the end of the 12th Ebola outbreak in the Democratic Republic of the Congo, just three months after the first case was reported in North Kivu.
Google has announced a new programme to offer new scholarships for Android, Web and Google Cloud development to developers across Africa.
The Land Administration Information System (LAIS) by the Rwanda Land Management and Use Authority’s (RLMUA) is transforming the way the country manages, develops, and maps its land by using technology and improves the current process of titling and certification of land throughout the country.
Zahra Baitie-Boateng, is the Head of Partnership and Programs, Africa’s Business Heroes, Jack Ma Foundation’s flagship philanthropic program in Africa to support entrepreneurs.
Global lithium battery manufacturer, RELiON Battery, announced its partnership with 1% for the Planet nonprofit organization, Kula Project, financing a brand-new women's center in Rwanda.
MTN Group has joined the Joint Audit Cooperation (JAC) and the Global Enabling Sustainability Initiative (GeSI), two globally recognized industry bodies committed to promoting technologies and practices that foster environmental, social and governance sustainability.
The Food and Agriculture Organization of the United Nations (FAO) and the Arab Bank for Economic Development in Africa (BADEA) have formalized their partnership through a Memorandum of Understanding (MoU).
The UN Food Systems Summit has announced a competition to identify the best small and medium-sized enterprises (SMEs) from across the world who are transforming food systems for a better tomorrow.
New International Energy Agency (IEA), report sees major expansion in electric vehicle adoption this decade, which could accelerate further if governments implement policies aimed at reaching net zero goals.
The African Development Fund has approved a grant of $31.2 million to the Government of Ethiopia to increase access to multi-sectoral nutritional services for children under-five years, by boosting access to services for improved health.
The African Development Bank, IFAD, in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, pledged to work closely with African leaders to address rising hunger on the continent.
To help expand banking services to low-income populations in sub-Saharan Africa, the International Finance Corporation (IFC), has partnered with Nigeria's Lift Above Poverty Organization (LAPO), to expand its microfinance business.
The World Tourism Organization (UNWTO) and the International Air Transport Association (IATA) announced a Destination Tracker in preparation for the restart of international travel.
Critical to the WWF partnership is leveraging the power of technology to enhance awareness and ocean literacy while encouraging pro-environmental decision-making and action.
Upon receipt of all necessary approvals from the National Pension Commission (PenCom), AXA Mansard Pensions has rebranded to Tangerine Pensions.
In a bid to promote greener transportation and pave the way for investment in the electric vehicle industry, Meta Electric, a business unit of Meta Group Africa has today launched Kenya’s first Electric service delivery vans.
The European Investment Bank (EIB), has unveiled a €15 million of new long-term financing for entrepreneurs and businesses across Zimbabwe in cooperation with local bank CABS.
The Ministry of Employment and Labour Relations, the International Labour Organisation and the European Union have jointly launched the Trade for Decent Work (T4DW) Project in Accra.
Polaris Bank released its full-year audited financial results for the year ended December 2020 posting a Profit Before Tax (PBT) of N28.9 billion.
Consumers and customers don’t just value sustainability, they’re prepared to pay for it. More than two-thirds are willing to pay a premium for brands that are sustainable and environmentally responsible.
Huawei believes that information and communication technologies have the potential to reduce global carbon emissions by 20% over the next decade.
[Column] Ndagi Job Goshi: What can the rest of the world learn from Africa’s approach to tech and innovation?
When it comes to listing the regions that have embraced and taken the biggest advantage of digital transformation, most commentators wouldn’t put Africa anywhere near the top.
Team Europe backs new Guinea-Mali power line with €330m financing to provide clean, affordable energy in West Africa
Team Europe is backing the new Guinea-Mali 225 kV power line with €330 million financing to provide clean and affordable energy to millions in West Africa.
IFC and Djibouti-based East Africa Bank (EAB) signed a partnership to help EAB better mitigate financial risks which have been amplified by the COVID-19 pandemic and improve its sustainability.
The World Bank approved $380 million in financing to support Malawi and Mozambique increase regional trade coordination, reduce trade costs and time, develop regional value chains, and improve access to infrastructure.
Temenos, the banking software company, announced Barko Financial Services (BFS), a microfinance institution in South Africa, has gone live on Temenos Software-as-a-Service to make it faster and easier for South Africans to access finance remotely.
The bank has announced the adoption of an energy policy designed to redirect investment funds towards cleaner energy alternatives
In accordance with the permission of the Federal Air Transport Agency, S7 Airlines has launched sales for direct weekly flights from Moscow to Casablanca, Morocco, effective April 30th.
The Global Alliance for Improved Nutrition, GAIN has launched the Scaling Up Nutrition Business Network, SBN, to support small and medium-sized entrepreneurs involved in Ethiopia’s food sector.
The Kenyan Ministry of Health has entered into a partnership with Novo Nordisk and other key partners for the purpose of establishing an implementation framework to launch the Affordability Initiative for diabetes care in Kenya.
Paxful, the global peer-to-peer fintech, announced over $5 billion has been traded to date on its platform and that it now has over six million users.
The World Bank approved an additional financing of $54.6 million for the Health System Support Project (KIRA), in Burundi.
Drones, satellites, geographic information systems, weather stations and advanced analytics are some of the most promising technologies for providing solutions to Africa’s agricultural challenges.
PetroNor, the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, announced it will assume 78.57% interest as operator of the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licences in Guinea-Bissau.
bp announced gas production from Raven field, the third stage of its major West Nile Delta (WND) development off the Mediterranean coast in Egypt.
[Column] Ryno Rijnsburger: African governments must digitize to be innovative, inclusive, and resilient
It’s been said before, but it bears repeating – the Covid-19 pandemic offers Africa the chance to leapfrog development through digitization, and potentially position itself as a global digital powerhouse.
There is a significantly higher level of complexity involved in the R&D process, the polymer science and the manufacturing of new generation bednets.
Cameroon will be better able to address the COVID-19 pandemic with a $100 million Development Policy Operation (DPO) approved to support the government of Cameroon to advance reforms for fiscal consolidation and competitiveness.
NCBA Bank Kenya PLC has announced a new partnership with the Kenya Association of Manufacturers (KAM), to enhance the development of Manufacturing SMEs in the country.
As part of its SME program, the Trade and Development Fund (TDF) of the Eastern and Southern African Trade and Development Bank (TDB) Group, has issued a 3-year BIF 500 million partial risk guarantee facility in favor of the Women’s Initiative for Self-Empowerment S.A. (WISE) in Burundi.
Persistent Energy Capital announced a strategic venture building investment and partnership with Ecobodaa, a pioneer e-mobility startup, leading the revolution of the electric motorbike taxi (bodaboda) in Kenya.
Kenya’s President Uhuru Kenyatta unveiled the new brand of EquityBCDC, a subsidiary of Kenya’s Equity Group Holdings in the Democratic Republic of Congo, located on the 18th floor of Equity Centre building in Kinshasa.
The EBRD, the OPEC Fund, the African Development Bank, the Green Climate Fund and Arab Bank signed a $114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
The Russian Direct Investment Fund (RDIF), Egypt's Minapharm, and its Berlin-based subsidiary, ProBioGen AG, have agreed to produce over 40 million doses per year of the world's first registered vaccine against COVID-19, Sputnik V.
TGI Distri, a manufacturer of quality home care products in Nigeria, has launched into the market Kleansol Toilet Cleaner which contains power active ingredients with 99.9% efficacy in killing all forms of bacteria in and around the toilet area.
Karooooo, a software company, joined the JSE’s Main Board. Karooooo is the controlling shareholder of Cartrack, the previously JSE-listed fleet management and vehicle recovery specialists.
South Africa's Sasol to work alongside Linde, ENERTRAG and Navitas to explore potential of cleaner aviation fuels
Sasol announced it will work alongside a consortium comprising Linde, ENERTRAG and Navitas (LEN Consortium), to bid in concept for the production of sustainable aviation fuel under the auspices of the German Federal Government’s H2Global auction platform.
The World Bank announced it has reached $2 billion in approved financing for the purchase and distribution of COVID-19 vaccines for 17 developing countries.
Two years on from the launch of a pilot programme, more than 1.7 million doses of the world’s first malaria vaccine have been administered in Ghana, Kenya and Malawi, benefitting more than 650 000 children with additional malaria protection.
Sommet Education together with Invictus Education Group announced that Sommet Education is acquiring a majority stake in Invictus Education alongside its historical shareholders.
Azinam completes acquisition of 50% operated interest in Block 2B oil discovery offshore South Africa
Azinam South Africa Limited (ASAL), a Seacrest company, announced the completion of its acquisition of a 50% operated interest in Block 2B offshore South Africa.
Nostra Terra, the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, announced progress with the planned strategic expansion of its portfolio into Tunisia.
Sasol and Toyota South Africa Motors (TSAM) announced the formation of a partnership to commence exploration of the development of a green hydrogen mobility ecosystem in South Africa.
MIGA issues guarantees of $37.1m to AIIF3 for clean off-grid solar energy in Central and East Africa
MIGA issued guarantees of up to $37.1 million to a fund (AIIF3), to cover the fund's equity and quasi-equity/shareholder loan investments in Bboxx subsidiaries in Rwanda, Kenya, and DRC for up to 10 years.
Nigeria's Access Bank, Atlas Mara and ABC Holdings (ABCH), have entered into a definitive agreement regarding a proposed acquisition of 78.15% of the issued share capital of African Banking Corporation of Botswana, by Access Bank.