A 401 kWp solar system for Central University in Ghana has been inaugurated, marking an important milestone in Ghana's transition to clean energy.
The KCB Group has inaugurated a new board for National Bank of Kenya (NBK), the lender it acquired recently.
Nairobi will this week host the EIB Eastern Africa SME and Microfinance Banking Forum that will seek to improve the economic and social impact of private sector financing supported by the lending arm of the European Union in East Africa.
[Tunisia] African Development Bank grants STEG €138 million for electricity and renewable energy project
The Board of Directors of the AfDB has approved a total funding of 138 million euros for the Tunisian Electricity and Gas Company (STEG) to implement the project development and equipment of the electricity transmission network.
Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record of N1billion in daily loan value.
[Egypt] Afreximbank to roll out quality assurance centres to support compliance with international standards and technical regulations
Recognizing the negative impact on trade for African countries, the Afreximbank has introduced an initiative to tackle non-compliance with international standards and technical regulations.
[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.
Sudan, IFAD partner to help smallholder farmers adapt to climate change and manage natural resources
Sudan and the International Fund for Agricultural Development (IFAD) have entered into a new €77.7 million programme that aims to increase food security and ensure access to natural resources in the country.
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.
Novo Nordisk, a global healthcare company headquartered in Denmark with more than 95 years of innovation and leadership in diabetes care has opened a regional office in Nairobi, Kenya.
The UN announced today that 30 influential leaders from the corporate world will work together in a bid to free up trillions of dollars from the private sector to finance the Sustainable Development Goals.
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.
JGC announced that a consortium of JGC Corporation has been awarded the engineering, procurement and construction project by Area 4 operator Mozambique Rovuma Venture for its onshore LNG production.
Springfield Exploration and Production has spudded the first of its much anticipated new wells off the coast of Ghana.
In Malambo village, Ngorongoro district, the lush forests and livestock that once flourished and the rivers that flowed year-long are now a distant memory.
Rice University has announced the creation of a robust new center in response to increasing interest and expertise in African and African American Studies.
[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.
Malawi receives $13.2 million for sustainable fisheries, aquaculture development and watershed management project
The African Development Bank Group has approved a $13.2 million financing package for a fisheries and aquaculture development project in Malawi.
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.
Kenya Airways (KQ) has signed an agreement with train ticketing company, AccesRail, to provide its passengers with connectivity to different destinations in Europe through train transfers from 3 of its 5 European gateways.
KCB Group has been ranked at position 717 in The Banker’s Top 1000 World Banks ranking for 2019, climbing nearly 100 places up, on the back of steady growth and strong balance sheet credentials.
The Nigerian Stock Exchange has announced the amendment to the rules on Pricing Methodology; price movements of equity securities traded on The Exchange.
The African Development Bank, in partnership with the Government of Madagascar and the African Risk Capacity, has launched the Africa Disaster Risks Financing Programme in Madagascar.
Aker Energy and Africa Finance Corporation (AFC) have announced the appointment of Mr. Samaila Zubairu as Vice Chairman of Aker Energy’s Board of Directors.
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.
ADES International has entered into a second deepwater drilling campaign with a top tier international oil company for deepwater drilling services in the Egypt.
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 African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets.
Five African countries initiate banking reforms to drive development and tackle climate change, report
Thirty-eight emerging market economies, including five countries in Africa, have initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report.
As a journalist, I love words. I care about what I write, think before I speak, read with delight and savour language. Part of that relationship with words comes from the fact that I respect them.
The Global Fund and Orange have signed a partnership deal to develop innovative e-health solutions to reduce the prevalence of AIDS, tuberculosis and malaria in Africa.
The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) have signed a Memorandum of Understanding (MoU) to cooperate in promoting cross-listing and trading of green bonds in Nigeria and Luxembourg.
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.
Ericsson has been selected by Telma, Madagascar, to upgrade its core and radio network, as part of a national next-generation upgrade as it moves towards 5G.
The DBSA has signed an agreement to reduce the cost of investing in South African renewables by boosting the private sector’s investment in wind and solar power in partnership with the Green Climate Fund (GCF).
[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.
Ethiopian loyalty program, ShebaMiles, has come up with a special treat to honor its Blue or Silver status members.
Absa acted as Joint Global Coordinator, Bookrunner, Mandated Lead Arranger and Facility Agent on the refinancing and upsizing of Harmony's existing U$350m term loan and revolving credit facility with a new 3+1 year U$400m term loan.
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.
Fugro’s Board of Management has appointed Erik-Jan Bijvank as Group Director for Europe and Africa, effective 1 January 2020.
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.
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a franchise agreement with ALDAU Development group for a Hyatt-branded hotel in Cairo, Egypt.
GE Power and Indorama Eleme Petrochemicals announced that they have successfully executed GE’s 6B Performance Improvement Package upgrade on the first two out of six 6B gas turbines at the petrochemical facility in Nigeria.
IDC's latest forecast shows that IT spending in the Middle East and Africa (MEA) is set to reach $83.7 billion in 2020.
Magal Security Systems announced that it has received approximately $8 million in orders from East Africa over the past several months.
[South Africa] Vodacom Foundation, Google partnership to accelerate Africa’s digital skills development
The Vodacom Foundation has partnered with Google to accelerate the empowerment of youth in South Africa with some of the digital skills required for the Fourth Industrial Revolution (4IR).
African projects from Kenya, Uganda, Mali and Ethiopia are among the 16 winners of The Global Resilience Partnership (GRP) innovation challenge whose focus is surfacing resilience solutions across Africa and Asia.
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.
Vivo Energy Senegal, the company that distributes and markets Shell fuels and lubricants, opened its new commercial space called Welcome Corniche, located in Dakar on the West Corniche.
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 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.
Within the framework of its YouthMobile Initiative, UNESCO Mozambique, in cooperation with the Maluana Science and Technology Park (MS&TP), organised Africa Code Week coding workshops for 400 students.
African Development Bank announces new accountability index to measure institutional lending to women
The African Development Bank president said that a new tool to track the level of lending to women across the continent will be important for ensuring women get the critical financial help they need.
His Excellency Mr Festus Gontebanye Mogae, third president of the Republic of Botswana has been inaugurated as the first Chancellor of Amref International University (AMIU).
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 Africa] Global financial leaders launch digital platform to tackle international trade barriers, bolster business growth
Financial leaders from banks around the world convened in London to mark the official launch of the Trade Club Alliance.
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.
Tower Resources, the AIM-listed oil and gas company with a focus on Africa has disclosed technical and commercial information to a major international oil company in order to explore the potential to co-operate in Tower's Namibian Blocks.
Vodacom Eastern Cape region works across communities that are trapped in a cycle of poverty due to high unemployment and underdevelopment in that province.
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.
About 30,900 rural people in the Kingdom of Eswatini will benefit from a new US$38.5 million project that aims to improve the prosperity and resilience of poor and vulnerable smallholder farmers and micro-entrepreneurs in the country.
Kosmos Energy announced that the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, targeting the inboard Mauritania/Senegal gas trend.
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.
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 41.6 index points in September, down from 45.7 in August.
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.
CGG Subsurface Imaging, part of CGG’s Geoscience division, has delivered state-of-the-art broadband 4D seismic results ahead of schedule from BP Angola’s latest monitor survey offshore Angola.
The Central Bank of Kenya (CBK) announces the successful completion of the withdrawal (demonetization) of the older series KSh.1,000 notes.
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 DBSA delivered an encouraging set of results for the year ended 31 March 2019, despite the adverse impact of the subdued economy on the demand for infrastructure funding.
Spending on AI systems in the Middle East and Africa is expected to maintain its strong growth trajectory as businesses continue to invest in projects that utilize the capabilities of AI software and platforms according to IDC.
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.
The World Bank has announced new support for Djibouti’s efforts to expand access to quality education for 35,000 children.
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.
Vodacom has extended a helping hand through the launch of the Vodacom 112 Emergency Service App that enables persons with communication barriers to contact emergency services when they need help.
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.
Bamburi Cement, through its waste management division Geocycle, has partnered with Vivo Energy Kenya to collect and safely dispose waste oil from Shell service stations across the country and Vivo Energy’s commercial customers.
Total has announced the closing of the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $ 3.9 billion.