South African startup myFanPark merges with Starsona to create a global celebrity engagement platform
South African startup myFanPark has announced its merger with Silicon Valley-based celebrity engagement platform Starsona.
Rystad Energy analysis shows oilfield service purchases is set to lose $340b until 2028 as peak oil is closer than ever
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis shows.
The World Bank approved a $400 million program to support Morocco’ social protection system, as part of the kingdom’s sweeping reforms to strengthen its social safety nets.
IFC announced a loan to I&M Bank Rwanda, to help the bank increase lending to potentially thousands of Small and Medium Sized enterprises in Rwanda, many of which are facing COVID-19-related liquidity challenges.
Telkom South Africa launched Telkom Pay, a digital wallet service that runs through WhatsApp, and customers of any mobile networks can use Telkom Pay without having to subscribe to Telkom.
To mark the International Day of Persons with Disabilities, GSMA launched the ‘Principles for Driving the Digital Inclusion of Persons with Disabilities’ to further inspire the mobile industry to help close the mobile disability gap.
Blue Prism announced the availability of Blue Prism intelligent automation software in AWS Marketplace, giving Amazon Web Services (AWS) and Blue Prism customers another avenue for automation in the cloud.
Woodside has given notice exercising its right to pre-empt the sale by FAR to ONGC, of FAR’s entire participating interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture in Senegal.
Climate Fund Managers partners with SWS to support development of solar powered desalination plants in Kenya
Climate Fund Managers (CFM) has agreed to co-finance and co-develop a portfolio of solar-powered desalination installations in Kenya, turning brackish groundwater into drinking water.
The Nigerian Stock Exchange (NSE) announced the migration of Chellarams , Living Trust Mortgage , McNichols , and The Initiates from the Alternative Securities Market (ASeM) to the Growth Board.
Vodacom Central Region unveiled a new 4G base station in Phuthaditjhaba, South Africa, to deliver fast internet connectivity and connect the unconnected particularly in deep rural areas.
Satellite TV viewers across sub-Saharan Africa will be able to continue watching German TV channels offered by Satelio in Namibia and Deukom in South Africa, from an extended partnership between Televisionsklub and SES.
Africa's overall mobile phone market shipments declined 6.0% year on year (YoY) in Q3 2020, according to the latest insights from global technology research and consulting firm International Data Corporation (IDC).
African Energy Chamber reports that Africa’s electricity generation capacity has grown at an average of 4.8 percent per annum since 2008.
Sumitomo Rubber South Africa, manufacturer of the Dunlop, Sumitomo and Falken tyre brands for the African continent, has announced the appointment of Lubin Ozoux as the new Chief Executive Officer and Executive Director effective 1 January 2021.
Codebase Technologies, the digital banking solutions provider, announced the launch of its Digital Banking as a Service platform, Digibanc SaaS, to create access for more banks and customers to move into the digital age of banking.
The U.S. Agency for International Development (USAID), the Swiss Agency for Development and Cooperation, and the IKEA Foundation announced a joint $30 million commitment to Aceli Africa.
United Oil & Gas, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announced the commencement of a drilling programme on the Abu Sennan concession in Egypt.
A majority of consumers in Africa still live off the grid, in what are commonly called "last-mile" communities.
LaLiga signs Mondia as strategic technology, commercial partner for Europe, Middle East, Africa and Asia Pacific
LaLiga has signed mobile technology company Mondia group as its technology and commercial partner for the creation of LaLiga Xtra, its first ever subscription-based mobile platform, to offer exclusive content and experiences to sports fans.
CrossBoundary Energy open sources its investment approach for mini-grids to accelerate energy access in Africa
CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, is open sourcing its approach to investing infrastructure capital into mini-grids to accelerate energy access for all in Africa by 2030.
After successfully piloting Gumzo For Schools, a video conferencing system designed specifically for e-learning in Africa, Usiku Games has enhanced its platform to allow tutors to continue providing private tuition.
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and Sasol, a global integrated chemicals and energy company, announced the closing of their Louisiana-based Integrated Polyethylene JV transaction.
Eni has signed a series of agreements with the Arab Republic of Egypt, the EGPC, EGAS and the Spanish company Naturgy, which pave the way for the restart of the Damietta liquefaction plant in Egypt by the first quarter of 2021.
The United Nations Development Programme (UNDP) in South Africa and the Water Research Commission (WRC) awarded grants to the value of R3 million to seven innovators, to build and improve water innovations in the country.
To enhance efforts to combat the scourge of Illicit Financial Flows on the African Continent, the African Union through the Department of Economic Affairs, will launch a Multi-Donor Action to add to the existing mechanisms to stem the illicit outflows.
AfDB grants additional $3.5m to Central African Republic for electricity interconnection project with DRC
The African Development Bank (AfDB), granted an additional donation of $3.52 million to the Central African Republic to help the country to complete the first phase of an electricity interconnection project with the Democratic Republic of the Congo (DRC).
Webb Fontaine has announced crucial investments into Africa with plans to open an Artificial Intelligence Research and Development Centre in Africa.
Nokia announced it has been selected by African mobile operator, Togocom in a three-year deal to deploy 5G in Togo.
Lagos State Health Management, First Bank partner to promote access to affordable healthcare in Nigeria
The Lagos State Health Management Agency (LASHMA) has partnered with First Bank of Nigeria to utilise its over 13,000 Firstmonie Agents as payment channels for the Lagos State Health Scheme (LSHS).
TechnipFMC has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC).
Mastercard and its partners, TSYS, a Global Payments company and Extend, introduced a mobile virtual card solution that enables virtual corporate cards to be easily loaded into a mobile wallet for fast and secure contactless payments.
Vooora Ventures, the first sportstech Accelerator in MENA, powered by Kooora.com, the digital sports platform in the Arab World, signed an acceleration partnership agreement with Malaeb, a community app that connects people through sports.
Afreximbank officially launched the operations of ‘MANSA’, a pan-African customer due diligence repository for financial institutions, corporate entities and SMEs, developed to address the perceived risk of doing business in Africa and with Africans.
The African Development Bank approved $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.
[Column] Patrick Ndegwa: Celebrating startups and digital businesses that are uplifting African communities
The positive, far-reaching impact the digital economy has had on various industries has also translated into benefitting and changing the lives of individuals, families, and communities across our continent
The World Health Organization (WHO) is calling on countries and global health partners to step up the fight against malaria, a preventable and treatable disease that continues to claim hundreds of thousands of lives each year.
Eco Atlantic, an oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, has successfully negotiated the reissuance of its four licences in the Walvis Basin, Offshore Namibia.
The African Development Bank is achieving satisfactory results in Madagascar, according to the mid-term report of the Country Strategy Paper (CSP) for the period 2017-2021 and the performance review of the 2019 country portfolio.
Australian natural gas producer, Woodside Energy announced a delay in its drilling activities in Senegal’s Sangomar offshore wells.
AFD, CIRAD partner to develop sustainable management management tools for zoonotic diseases in Zimbabwe
The French Development Agency (AFD) and the French Agricultural Research Centre for International Development (CIRAD) signed an agreement to develop the Zimbabwean agricultural sector’s capacity in biotechnology.
Sarwa Capital, Egypt’s consumer and structured financial services provider, has successfully closed its inaugural Sukuk issuance by Sarwa Sukuk Company; a subsidiary of Sarwa Capital, of $159.8 million.
Microsoft recently hosted a virtual roundtable – further reaffirming its commitment to digitally transforming the agricultural sector has emerged as key to long-term growth in Africa.
In a move that will help tackle one of the biggest and most solvable contributors to the climate crisis, major players in the oil and gas industry have agreed to report methane emissions with a new, much higher level of transparency.
USAID’s Pay As You Go Liquid Petroleum Gas Program awarded a grant to Bboxx to test and scale up LPG technology in the Democratic Republic of Congo.
Total and its partners announced the first version of a high-performance simulator for large-scale geological CO2 storage.
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.
MainOne, West Africa’s communications services company for business, has become the first Microsoft Azure Peering Services partner for West Africa, providing enterprises using Microsoft Cloud services.
The Kenya Association of Manufacturers (KAM) developed Standard Operating Procedures (SOPs) to ensure better and more efficient entry operations to facilitate trade and enhance the fight against illicit trade.
The Kenya Electricity Generating Company (KenGen) has unveiled an elaborate renewable energy project pipeline focused on supporting the Government’s economic growth agenda.
Development Partners International announced the partnership between Compagnie Marocaine de Goutte à Goutte et de Pompage’s (CMGP), and Comptoir Agricole de Souss (CAS) to create a new player in the Moroccan and African agricultural industry.
KCB Group (KCB) and Atlas Mara (ATMA) have signed a definitive agreement for KCB to acquire 62.06% stake in Banque Populaire du Rwanda and 100% stake in African Banking Corporation Tanzania from ATMA.
Pan-African telecoms group, Liquid Telecom, is activating 82 km of fibre in a cross-border network into Botswana, to give more people access to Liquid Telecom’s footprint of more than 73,000km of Pan African fibre.
The International Fund for Agricultural Development (IFAD) and the Food and Agriculture Organization of the United Nations (FAO) have joined forces to foster inclusive and sustainable family farming across the Near East and North Africa (NENA) region.
The Minister for Trade, Industry and Competition and the Minister for Agriculture, Land Reform and Rural Development, alongside stakeholders, signed the sugar industry master plan for South Africa.
The Emerging Africa Infrastructure Fund (EAIF) is lending $31 million over 10 years to Access LNG B.V. to support the construction of a new Liquid Natural Gas (LNG) storage and regasification facility at Tema port in Ghana.
[Kenya] M-PESA becomes first African fintech platform to join United for Wildlife financial taskforce
M-PESA has become the first mobile money provider in Africa to join the Financial Taskforce established by United for Wildlife, a coalition of charities that works to tackle the illegal wildlife trade.
The pen may be mightier than the sword, but in an ever-growing digital world, this small but mighty weapon may well be on its way to extinction.
The Republic of Seychelles became the fourth AU member states to ratify the Treaty for the establishment of the African Medicines Agency (AMA) and deposited the instrument of accession to the Chairperson of the Commission of the African Union.
AfricInvest, Pan-African mid-cap-focused private equity firm, announced the acquisition of a minority stake in Fidelity Bank Ghana.
PGS has completed imaging of the first-ever MultiClient 3D seismic survey offshore Ghana. The broadband KPSDM data reveals sharper imaging of prolific Cretaceous reservoir targets.
The African Academy of Sciences (AAS), the Africa Union Development Agency (AUDA-NEPAD) together with global partners launched Africa’s First Online Clinical Trial Community (CTC).
In the International Energy Outlook 2020 (IEO2020), the U.S. Energy Information Administration (EIA) projects electricity generation in Africa using two cases with different assumptions about how future electricity needs are fulfilled.
Grifols, Egyptian government partner to boost plasma-derived medicines self-sufficiency in the Middle East and Africa
Grifols, one of the world’s leading producers of plasma-derived medicines and the Government of Egypt signed a strategic agreement to further develop the Egyptian plasma-derivatives market and promote its self-sufficiency.
The Nigerian government has signed a Memorandum of Understanding (MoU) with the Republic of Niger for the transportation and storage of petroleum products.
African Export-Import Bank (Afreximbank) and the Republic of Rwanda signed key documents related to the establishment of the Fund for Export-Development in Africa (FEDA), a development-oriented subsidiary of Afreximbank.
The Government of Ghana and Switzerland signed a bilateral agreement which brings the cooperative approaches of the Paris Agreement to life, setting the framework conditions for the cooperation.
The Kenya Bankers Association (KBA) and the Kenya Climate Innovation Centre (KCIC) signed a Memorandum of Understanding aimed at advancing the green finance agenda in Kenya.
San Leon Energy announced that further to its earlier announcements regarding its proposed investment in Decklar Petroleum and the Oza Field in Nigeria, the parties have agreed to an additional three week extension to 14 December 2020.
Scirocco Energy announced in its operational update that the Company is now in a better position to advance a sales process for its 25% stake in the Ruvuma project in Tanzania, and plans to progress the Ntorya gas discovery situated within the licence.
Neptune Energy announced Mohamed Mounes Shahat will join the company in December to take on the role of Egypt Managing Director, based in Cairo.
Siemens Gamesa has officially started production of Mainstream Renewable Power’s 110MW Perdekraal East and 140 MW Kangnas wind farms in South Africa, supporting additional green power supply into the country’s national grid.
Rystad Energy analysis shows Africa’s renewable energy capacity is set for consecutive years of growth
Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatt (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows.
Victoria Oil & Gas announced its wholly owned subsidiary Gaz du Cameroun S.A. has received, as operator, approval from the Minister of Mines, Industry and Technological Development for the extension of the Matanda Block licence.
The Lux Afrique Group in keeping with its pioneering spirit, will open the virtual doors to Africa’s very first online luxury multi-brand e-commerce store, the Lux Afrique Boutique, on 25 November 2020.
The Mastercard Foundation and UNICEF have joined forces to advance the efforts of the Ministry of Education and Ghana Education Service to provide quality and equitable learning opportunities for more than nine million children in Ghana.
As part of its Young Africa Works program in Senegal, the Mastercard Foundation has partnered with Pan-African fintech InTouch to support the 10 000 Jambaars project, which will deploy a network of 10,000 agents to provide digital services.
Cash Crusaders and KaiOS Technologies announced the DIXON XK1, the first open market KaiOS device in South Africa, now available from the Cash Crusaders stores across the country.
Western Union, a global leader in cross-border, cross-currency money movement and payments, has expanded real-time digital payout capabilities into 100 countries reaching billions of bank accounts.
Accor, world-leading augmented hospitality group, has added India and Turkey to its Middle East & Africa region.
While many farmers still rely on traditional techniques to coax a living from the land, there are opportunities to use cutting-edge technology to drive Africa towards a food-secure future.
A series of contracts in Kenya, South Africa, Madagascar and Benin, among others, highlight Ericsson’s growing footprint in Sub-Saharan Africa as communications service providers move to strengthen their networks.
PGS, provider of seismic images and 3D data announced that early-out PSTM products are now available from PGS’ latest MultiClient 3D survey in the Namibe Basin, Angola.
PetroNor, the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, announced the purchase of SPE Guinea Bissau AB.
Ethiopian Cargo & Logistics Services, Cargo Network Operator in Africa, has launched Trans-Pacific routes, extending from Incheon to Atlanta via Anchorage.
AfDB's investments are transforming the continent, unlocking economic potential and spurring development, report
From agro-processing initiatives to energy, transportation and water and sanitation services, transformative investments by the African Development Bank (AfDB) are paving the way to unlock Africa’s economic potential, according to the 2020 ADER.
Nigerian e-commerce startup Kwik Delivery has partnered with Total Nigeria, to develop an e-commerce fulfilment and delivery service in Nigeria.
Eutelsat’s survey confirms 7/8° West neighborhood as predominant broadcast position for Egyptian TV homes
Eutelsat Communications revealed the findings of a new Egyptian television market survey, confirming its 7/8° West hotspot as the most powerful neighborhood for satellite television for the country.
Bamboo Capital Partners has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund, a $40 million renewable energy access fund.
Bboxx, a next generation utility, has secured a $4 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), a debt fund managed by Lion’s Head Global Partners (LHGP), to accelerate Bboxx’s operations in the DRC.
The International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) signed a cooperation agreement in order to join efforts aimed at increasing the adoption and deployment of wind and renewable energy worldwide.
Nigeria's Guaranty Trust Bank (GTBank) released its unaudited financial results for the period ended September 30, 2020 to the Nigerian and London Stock Exchanges, reporting Profit before Tax of ₦167.4 billion.
GCR Ratings (GCR) has affirmed UAP Insurance (UAP Kenya) national scale financial strength rating of A+(KE), with the rating placed on Negative Rating Watch as property risks bring down group credit profile.
IFC and the Agricultural bank of Egypt (ABE) announced a partnership to help of Egyptian farmers access financing to purchase solar irrigation systems, reducing their reliance on diesel-powered generators and boosting their productivity.
An outbreak of the deadly Ebola virus disease in the Democratic Republic of Congo (DRC) is over, the government announced after a five-month response supported by the UN’s World Health Organization (WHO) and other partners.
As antimicrobial resistance (AMR) drastically rises threatening to turn into the next pandemic with serious implications for global health, agri-food systems and economies, FAO is calling on actors to prevent the spread of drug-resistant microbes.
A new five-year partnership signed between the International Bamboo and Rattan Organization ( INBAR ) and the Food and Agriculture Organization of the United Nations aims to scale up the benefits and opportunities that these fast growing tropical plants provide.
O-CITY, the automated fare collection provider by BPC, announced its initiative to drive contactless payments across bus services in Nairobi, Kenya.
CMA approves grant of non-dealing online foreign exchange broker license to Exinity Capital East Africa
The Capital Markets Authority (CMA) has approved the grant of a license to Exinity Capital East Africa to operate as a non - dealing online foreign exchange broker.
The Capital Markets Authority (CMA) has approved the grant of a Real Estate Investment Trust (REIT) Manager license to Acorn Investment Management.