The Board of Access Bank announced it has signed a Memorandum of Agreement with Diamond Bank regarding a potential merger of the two banks that will create Nigeria and Africa’s largest retail bank by customers.
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.
GreenTec has announced its investment in Afrilife, a Tanzania-based producer of organic honey and bee products.
Esoko, a Ghanaian technology firm, is empowering farmers to get better prices for their products, one text message at a time.
Temenos, the banking software company, announced that Banque de l’Habitat (BH) has signed for T24 Core Banking, Payments, Channels, Analytics, Financial Crime Mitigation and Enterprise Risk Management.
The Nairobi Securities Exchange (NSE), has launched an incubation and acceleration board called Ibuka.
The public and private sectors have this week recorded heightened activities with partnerships, trade and capital markets dominating headlines.
ACWA Power has announced collaboration with ECOHZ to empower local women and support communities in Morocco.
In East Africa, a group of vanguard youthful innovators are transforming the region into a tech powerhouse through modern innovations.
Weeks after launching direct flights to the United States, Kenya is streamlining its aviation sector further.
Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Republic of Mozambique.
Egypt has an opportunity to capitalize on current reforms by enabling more private investment in infrastructure and freeing up public funds for investments in people’s education, health and social protection.
South Africa Minister for Trade and Industry Dr Rob Davies said that South African business people should consider the continent as an extremely important market, especially for trade in value added products.
Konza Technopolis Development Authority and Huawei have announced plans to set up an innovation hub in Kenya, at Machakos University dubbed Konza Innovation Hub.
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.
Boreal Light GmbH has announced the launch of one of its most unique implementations of the Winture Planet Cube Water Desalination Systems in Miamba, Kenya.
Egyptian e-health startup Vezeeta has raised $1 million in additional funding from IFC to add to the $12 million in Series C financing it raised earlier this year to continue its international expansion.
The Central Bank of Kenya (CBK) has announced the appointment of Governor Dr. Patrick Njoroge by the United Nations Secretary-General, to the Task Force on Digital Financing of the Sustainable Development Goals (SDGs).
4 Africa Exchange Proprietary Limited (4AX) confirms that the exchange is moving to a shortened trading times (T+0) settlement cycle, further strengthening the 4AX value proposition.
According to a report released by Stanbic Kenya PMI, operating conditions in Kenya’s private sector economy improved solidly in November, although the rates of growth in output and new orders were marginally below those seen in October.
Following the release of the Regulatory Review Consultation Paper for public comment in September, the Johannesburg Stock Exchange (JSE) is pleased with the market response and will release the proposed amendments early in 2019.
Liquid Telecom has reached an agreement with CDC Group, the UK’s development finance institution, to invest $180m in the company.
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.
The World Bank and Egypt have signed an agreement for a US$1 billion program to support the next phase of the country’s reform program.
A new report has highlighted the impact of a project implemented by the United Nations Industrial Development Organization.
Over 30,800 vulnerable rural households in Uganda will benefit from a $210.4 million project that aims to sustainably increase rural livelihoods by supporting an efficient oil palm industry.
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.
Pay-as-you-go solar pioneer Azuri and consumer goods company Unilever have launched an e-voucher system designed to help off-grid rural consumers in Kenya access consumer goods and services via pay-as-you-go solar.
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 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 Technical University of Munich in collaboration with African research and academic institutions has launched an Africa initiative.
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.
Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan.
Sirius Petroleum, the Nigeria-focused oil and gas development and production company, has entered into a conditional sale and purchase agreement with Precision Energy Group (“PEG”) to acquire a 75% shareholding.
Elanco Animal Health and Farm Radio International have partnered to produce a 13-week series of radio programs to educate small-scale livestock farmers in North Tanzania.
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.
Johannesburg has emerged as the most popular destination city in Africa for the fifth consecutive year, according to the annual Mastercard Global Destination Cities Index.
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.
BK Group PLC has cross-listed on the Nairobi Securities Exchange (NSE) becoming the first Rwandan company to tap into the Kenyan Capital Market.
MTN Group is now the first African telecommunications company to join the IoT World Alliance, the leading enabler of connected IoT solutions.
Effective 1 February 2019, Peggy-Sue Khumalo will assume the position of Chief Executive, Wealth, South Africa for Standard Bank.
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.
The African Development Bank Group has approved a $18.17 million senior loan to the 40 MWac Kopere Solar Power Project owned by Voltalia.
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.
More than 20 partner organizations have launched the Deliver for Good Kenya Campaign.
Quantum Terminals Group (QTG), a leading energy infrastructure developer in Ghana, has listed a corporate bond on London Stock Exchange’s International Securities Market.
Vodacom has added over 150 new sites to its network to facilitate additional traffic over the festive season.
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.
A new study by Rocky Mountain Institute (RMI) and Energy Market and Regulatory Consultants (EMRC) uncovers the business case for undergrid minigrids.
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.
Since launching a year ago, the Regional Liquidity Support Facility (RLSF) has signed agreements with five countries.
SecuritEase is pleased to announce that it has implemented its multi-market, multi-currency settlement system at Investec Securities to clear and settle both principal and agency trades executed on the A2X market.
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.
The African Development Bank (AfDB), as part of its African Women's Access to Finance Initiative (AFAWA), is partnering with Entreprenarium to build the capacity of 1,000 women entrepreneurs on the continent.
In a further move to cement its position as an integrated financial services organisation offering exceptional value, Standard Bank is entering the airtime and data market.
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.
Accutrak, a North-West technology company in South Africa is looking forward to expanding its customer base during the Trade and Investment Mission to Mozambique this month.
Persons living with visual impairment/blindness can now access M-PESA messages independently in braille format and conduct financial transactions with confidentiality.
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.
Delegates attending the eighth Africities Summit in Marrakesh Morocco have rallied behind Africa’s sustainable agenda.
The Chartered Institute for Securities & Investment announced a new partnership with The Nigerian Stock Exchange to provide training for CISI’s qualifications in Nigeria, under the auspices of X-Academy.
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.
Researchers at the International Centre of Insect Physiology and Ecology (icipe) in Nairobi, Kenya, have discovered a new, previously undescribed edible cricket with great promise for mass production.
The Johannesburg Stock Exchange (JSE) has announced and celebrated the listing of Motus Holdings, a leading automotive group in Southern Africa, on the Main Board.
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.
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.
As the African Development Bank (AfDB) joined the international community to observe World Toilet Day, it is putting considerable financial muscle into the global effort to improve toilets and sanitation.
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.
International Finance Corporation, IFC has announced an agreement of $1.6 million with Atlantic Financial Group Central and East Africa to expand access to digital financial services.
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.
NASCU and Mastercard today announced a landmark agreement to drive financial inclusion by extending formal financial products and services to undeserved members of cooperatives.
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.
Liquid Telecom collected the Best Network Improvement award at the annual AfricaCom Awards last week, in recognition of the recent completion of its Cape to Cairo network.
A new book by McKinsey confirms that Africa is poised for economic acceleration, akin to the Asian boom.
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 Ghanaian Government has set aside GH¢400 million, with an additional funding of $14.0 million from the Africa Development Bank, towards the establishment of the Ghana Incentive Base Risk Sharing System for Agricultural Lending next year.
The World Bank Group has announced L’Afrique Excelle, a six-month business acceleration program designed to support the 20 most promising growth stage technology start-ups operating in Francophone Africa.
Eni and the Food and Agriculture Organization of the United Nations have commissioned a model solar powered borehole for the Internally Displaced Persons in Waru, Abuja.
The Board of Directors of the African Development Bank has approved its third equity investment of $40m in Africa Infrastructure Investment Fund (AIIF3).
AfricaCom is Africa’s largest tech, media and telcos annual festival where digital Africa interacts, learns, debates and ultimately make deals.
Liquid Telecom Kenya, has today published its second annual Sustainability Report revealing the internal reorganisation and value initiatives that have helped drive the company’s rapid revenue and profit growth.