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Bayer, Fair Planet renew commitment to improve access to seeds in Ethiopia
Bayer has renewed its commitment to the “Bridging the Seed Gap” project for five years in Ethiopia.
[Mauritius] Maaden acquires Meridian Fertilizer Group
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.
KCB Group offers to acquire National Bank of Kenya
The KCB Group has made an offer to acquire 100% of the ordinary shares of National Bank of Kenya (NBK).
FAO distributes seeds and tools to farmers in Mozambique
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 commissions Fuel & Lubes Management Systems
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.
[Kenya] NIC Group approves merger with CBA
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).
UNDP, Sahara Group collaborate to promote renewable energy in Africa
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.
[Gabon] Japan, UNIDO invest in food security, women projects
The Government of Japan has agreed to fund a $ 419, 682 project to improve livelihoods in Gabon through strengthened food security.
Mastercard recognized as South Africa’s best employer brand in the financial services sector
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 activates codeshare in the US and Canada markets
Kenya Airways has reached an agreement with Delta Airlines to activate its codeshare in the US and Canada.
South Africa and World Economic Forum to establish 4IR Affiliate Centre
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 brings Women in Data Science to South Africa
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.
Opic launches $1 billion 2X Africa women's investment initiative
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.
[Tanzania] IFC launches initiative to increase access to financial services for women
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.
[Kenya] NSE admits VAELL onto the Ibuka Program
The Nairobi Securities Exchange (NSE) has admitted Vehicle and Equipment Leasing Limited (VAELL) onto its premium incubation and acceleration program, Ibuka.
[Kenya] NSE admits fifth company onto the Ibuka Program
The Nairobi Securities Exchange (NSE) has admitted Myspace Properties onto Ibuka, NSE’s incubation and acceleration program.
[South Africa] R49 million Ekandustria Industrial Park key in linking markets, Trade Minister
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.
[Kenya] KRA enhances VAT return verification module on iTax
The Kenya Revenue Authority (KRA) has improved the Value Added Tax (VAT) return verification module on iTax.
Kenya makes remarkable progress in tax payment and cross boarder trade
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.
World Bank, Germany enhance cooperation for MENA Development
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.
World Bank unveils human capital plan to propel investment in Africa's people
The World Bank has unveiled a new plan to help African countries strengthen their human capital.
Africa Oil acquires additional shares of Eco Oil
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, African Union to share Quality Infrastructure best practices for sustainable development
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.
Armenia and ECA seek close cooperation to advance Africa’s development
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.
[Nigeria] NNPC pledges support for agro-allied industries
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.
[Nigeria] ECOWAS takes steps towards single currency design development
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 announces $4.5 million capacity-building support in Ghana
Aker Energy has pledged $4.5 million in support for the Accelerated Oil and Gas Capacity-Building (AOGC) programme in Ghana.
NDB ramps up operations in South Africa, supporting sustainable infrastructure development
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 partners with Al Mansour to create jobs for women in Egypt
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 launch five year project to protect West Africa’s forests
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.
Economic empowerment project points Tanzania women entrepreneurs to new income and status
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.
[Liberia] GLS - NAS breaks ground at Roberts International Airport
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.
NAS to launch ground handling and cargo services in Mozambique
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.
WorldRemit launches digital money transfers to all bank accounts in Congo-Brazzaville
Leading digital money transfer service WorldRemit continues its rapid expansion in Africa, launching low-cost bank transfers to all banks in Congo-Brazzaville.
New revolutionary Shell fuels launch in Morocco
Vivo Energy Morocco and Butagaz brand Liquefied Petroleum Gas have announced the launch of the new generation of Shell fuels.
[Kenya] Imperial Bank, in receivership, accepts final offer from KCB
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 expands nonstop flights between Washington DC and Accra, Ghana
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 5th China-Africa Enterprises Convention | 8 - 12 June 2019 | Shanghai | China
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.
GE Foundation, Ethiopia government launch Amhara Region Oxygen Centre
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.
[Interview] Nikhil Pereira, CEO, Africa Healthcare Network, East Africa
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.
[Mauritius] AfDB power station renovation improves energy production, air quality
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 increases non-stop charter flights to Maldives
South African Airways has launched additional 24 non-stop charter flights to the Maldives from April until October 2019.
Chariot Oil & Gas awarded 75% interest in Lixus Offshore Licence, Morocco
Chariot Oil & Gas has announced that it has been awarded a 75% interest and operatorship of the Lixus Offshore Licence in Morocco.
[Angola] Total launches full-field production on Kaombo with the start-up of the second FPSO
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, Ministry of Petroleum and Mineral Resources boosts critical energy infrastructure in Egypt
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.
South Africa profiles its industrial capabilities in Brazil, deepens relations
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.
[Kenya] CMA establishes a Financial Markets Law Review Panel
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 joins West African Monetary Union to help promote economic growth
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 welcomes OLX users in Africa
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.
NAS Uganda recognized as top performing accredited training school by IATA
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.
NAS partners with Wanzl and ICT.aero to enhance passenger experience in Morocco
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.
USTDA supports new U.S. company partnership to bring solar systems to Ghana
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).
[South Africa] DBSA and NDB partner to facilitate energy sector development
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 price hikes due to current local and international factors
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.
[Kenya] NSE admits Bluenile Rolling Mills onto the Ibuka Program
The Nairobi Securities Exchange (NSE) has admitted Bluenile Rolling Mills Limited onto Ibuka, NSE’s incubation and acceleration program.
COMESA to house SDG sub-regional office
The COMESA Secretariat has offered to host the Sustainable Development Goals Center for Africa (SDGC/A) offices in Zambia.
AfDB approves $20 million facility for Green Mini-Grid Program in DRC
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 approves €12.5 million investment in West Africa
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.
[Kenya] Central Bank Rate retains at 9.00 percent, MPC survey
The Monetary Policy Committee retained the Central Bank Rate at 9.00 percent as at March 27, 2019.
Kenya pushes for improved trade ties with Tunisia
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, Africa RE to develop new insurance market for Nigeria farmers
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.
[Kenya] CMA Regulatory Sandbox ready to receive applications
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, Coca Cola and Diageo launch plastic recycling drive across Africa
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.
[Uganda] Kampala edges 12 African Cities to claim lead role in the Africa Smart Towns Network
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.
R28 million refurbished industrial park to be launched in North-West region, 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.
[Nigeria] Farmcrowdy raises US$ 1 Million in funding
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.
Accenture launches comprehensive SAP platform in South Africa
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.
[Kenya] NSE admits third hostee onto the Ibuka Program
The Nairobi Securities Exchange (NSE) has admitted Moad Capital as the third company to join Ibuka, NSE’s incubation and acceleration program.
IFC, Tunisian government launch startup program to support entrepreneurs and create jobs
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.
Africa needs double-digit growth to achieve SDGs, says Economic Report on 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.
German company, Plutos Ventures, partners Ampion to launch seed capital fund for African startups
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.
[South Africa] Small Scale Fisheries Sector launches in Kwazulu Natal
The Department of Agriculture, Forestry and Fisheries has launched the Small-Scale Fisheries Sector in KwaZulu-Natal, South Africa.
FTI Consulting strengthens economic consulting segment in 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.
AfDB Multi-Partner Somalia Infrastructure Fund to receive €1 million from Italy
The Italian Government has signed an agreement for an additional €1 million contribution to the AfDB Multi-Partner Somalia Infrastructure Fund.
WCP assists 1 000 companies and saves 50 000 jobs, Productivity South Africa report
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 Africa cosmetics manufacturers ready to meet the export demand
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 invests $12 million in Mozambique fisheries project
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.
CISI launches new Nigerian National Advisory Council
The Chartered Institute for Securities & Investment (CISI) has announced the launch of its Nigerian National Advisory Council (NAC).
IFC, Ghana Stock Exchange and others partner for gender equality
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.
[South Africa] Prudential Authority imposes administrative sanctions on Bidvest Bank
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 announces 3D seismic program offshore South Africa
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.
[Kenya] M- Akiba lists on NSE with 79% subscription rate
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 South Africa implements a new banking delivery model
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.
South Africa companies to seek trade and investment opportunities in Ghana
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 launches to promote investment into African entrepreneurship
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.
AfDB pledges $ 25 billion to climate finance for 2020-2025, doubling its commitments
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 gets future-fit with speedy HANA Database migration
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 increases capacity for meter testing equipment to enhance service delivery
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, Toyota Kenya launch deal to finance car buyers
NIC Bank has launched a one-of-a-kind financing scheme that will allow Toyota Kenya customers access financing to purchase new Toyota vehicles.
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