The Nairobi Securities Exchange (NSE) has admitted APT Commodities Limited as the first company to join the Ibuka Program; NSE’s incubation and acceleration program.
Nearly 235,000 vulnerable households will benefit from a $101 million project that aims to improve the living conditions and climate resilience of rural populations in five provinces of Burundi.
Enat Bank has partnered with leading digital money transfer service, WorldRemit for digital money transfers to Ethiopia.
Entersekt announced the appointments of Pieter de Swardt as Country Manager and Stuart Gray as VP Engineering Services, to drive on company’s service delivery in South Africa.
Dangote Foundation, GBCHealth and UNECA launch Africa Business Coalition for Health to tackle continent’s challenges
An ambitious platform designed to bring together business leaders in Africa to collaborate with heads of government and other stakeholders to tackle basic health challenges in Africa has been launched.
With a significant drop-out rate of girls from primary school to secondary school and college, one new initiative in Ghana aims to improve the country's innovation.
Seadrill Limited announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.
A2X has been authorised to secondary list exchange traded funds (ETFs) and exchange traded notes (ETNs) on its platform.
The Capital Markets Authority (CMA) has published the first State of Corporate Governance Report based on an assessment of 56 issuers of securities to the public in 2017/18.
FNB has launched its new Easy Smart Option bank account making it the first bank to combine medical, financial and legal advice as additional value to consumers who earn between R1 000 to R7 000 per month.
[Togo] Ecobank and Terre des Hommes launch Safe Savings Project to empower street children escape poverty
Pan African bank Ecobank, is partnering with leading international children rights NGO Terre des Hommes to offer digital financial services to Togo children living in the streets.
The Egyptian Exchange has started activating the MoU with Tunisian Stock Exchange in preparation for the 17th Joint High Committee Meetings which will be hosted by Tunisia in the first quarter of 2019.
Anadarko Petroleum Corporation has announced the signing of a Sale and Purchase Agreement between LNG and Shell for 2 million tonnes of LNG per annum for a period of 13 years.
Cambridge Wireless (CW), is collaborating with Regional State Government, Bahir Dar University and local delivery partners to deploy world-class connectivity infrastructure in a rapidly growing city in Ethiopia.
ARED has completed the assembly of an order of 20 kiosks designed and produced by Tec-Solute GmbH in Karlsruhe, Germany, to supplement the company’s operations in Uganda and Rwanda.
In its quest to support the transformation of the capital markets in Kenya through nurturing innovation, the Capital Markets Authority (CMA) has joined the Global Financial Innovation Network (GFIN).
A major focus on boosting the agricultural sectors and promoting rural development in Africa is needed to ensure a better future for the continent's youth.
World Vision and Panasonic Corporation have launched an Off-grid Solutions Project in Narok County, Kenya.
The World Bank Group and the German Federal Ministry for Economic Cooperation and Development (BMZ) have announced a deeper partnership for economic development in six countries in Africa.
South Africa’s fruit and vegetable export capabilities will be on full display to the world when the dti will showcase 25 of the finest local fruit and vegetable exporting companies in Germany, this February.
Platinum-group metals and chrome co-producer Tharisa, has been approved to begin trading its shares on the A2X exchange in South Africa.
Commercial Bank of Africa (CBA) held its fourth Economic Forum to discuss how to achieve growth amid fiscal imbalances brought about by the country’s debt course.
The Director General of the Italian Ministry of Foreign Affairs and International Cooperation signed three new funding agreements of €5.8 million for projects in Mozambique, Tunisia and MENA regions.
South Africa’s largest general insurer Santam, will effect a secondary listing of its shares on the A2X Markets exchange come February 1, 2019.
The Monetary Policy Committee (MPC) retained the Central Bank Rate (CBR) at 9.00 percent during its January 28, 2019 meeting.
GreenTec has announced its investment into SuperFluid Labs, a SAAS provider of data analytics and artificial intelligence solutions.
Sirius has signed an agreement with Barak for the provision of a US$20 million debt facility, to contribute to the funding of the first phase (Ororo-2 and Ororo- 3 wells) of the Ororo field development.
An intergovernmental ministerial committee meeting between the governments of Uganda and Tanzania agreed to sign the Host Government Agreement for the East Africa crude oil pipeline by the end of June.
Italy’s Prime Minister Giuiseppe Conte cut the ribbon for the new ‘Africa Centre for Climate and Sustainable Development’ in Rome today.
UNOPS has signed an agreement with Kenya government to deliver 100,000 affordable, sustainable homes nationwide.
The Nigerian Stock Exchange (NSE) and Afrinvest Securities have announced the launch of two new factor indices: the NSE-Afrinvest Banking Value Index and NSE-Afrinvest High Dividend Yield Index.
Securities regulators in Africa and Middle East to collaborate and increase listings in the region and mitigate shared risks
Securities regulators in Africa and Middle East have approved a joint project with FSDA to develop strategies to increase listings and the uptake of capital markets products in the region.
Solar-plus-storage is already competitive with the world's most efficient form of gas generation in Morocco and Jordan, according to new research from Wood Mackenzie Power & Renewables.
The Egyptian Exchange (EGX) has finished the process of developing the methodology of entering the listing companies into EGX 30 index, as per its attempts to increase the efficiency of all market indices.
South Africa's Global Credit Ratings (GCR) has clarified that it is still operating in Kenya and is not contemplating a withdrawal.
[South Africa] Naspers to separately list MultiChoice and unbundle its shares to Naspers shareholders
Naspers has announced of its intention to list its video entertainment business separately on the JSE as MultiChoice Group and simultaneously unbundle its shares in this business to Naspers shareholders.
Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, has appointed Ms. Arunma Oteh to its Board of Directors as a Non-Executive Director.
Sanlam Group has appointed Mr Sydney Mbhele as the Chief Executive for Brand, with effect from 01 April 2019.
The South Africa aviation and telecommunication sectors continue to drive the country’s economic growth while assisting the country reap from existing and emerging markets locally and internationally.
The African Development Bank (AfDB) has signed financing agreements worth €115 million with the Government of Rwanda to support the Rwanda Sustainable Water Supply and Sanitation Programme.
The United Nations Department of Economics and Social Affairs, UINDP and the Economic Commission for Africa have held a workshop aimed at enhancing Ethiopia’s policy coherence for SDGs.
The Nigerian National Petroleum Corporation (NNPC) is set to implement effective commercial framework that would halt the export of major components used in the production of cooking gas.
The Kenya Revenue Authority (KRA) is set to raise revenue to GDP ratio from current 18.3 per cent in 2017/18 to 19.2 per cent in 2020/21.
Domains.co.za has officially launched its new Epyc Virtual Private Server (VPS) hosting solution, featuring the new AMD EPYC 7000 Series processors.
Diamond and Access Banks are set to have the largest alternative channels on the continent even as customers of both financial institutions can now use their ATMs without paying the usual N65 charge.
The South African Airways has appointed advocate Vusi Pikoli to its leadership team to head Risk and Compliance effective February 1, 2019.
The Governor of the Bank of Mozambique received a delegation from the Monetary Authority of Macau, Banco Nacional Ultramarino and Bank of China, with the aim to deepen relations between the banks.
The Ghana Stock Exchange (GSE) has decided to compulsorily de-list Pioneer Kitchenware Limited (PKL) from the Main Equity Market of the Exchange.
The Ghana Stock Exchange (GSE) has announced that Aluworks Limited (ALW) and Cocoa Processing Company Limited (CPC) have been taken off the GSE’s “Watch List”.
Jan De Nul Group has successfully completed the installation and burial of the two main subsea umbilicals for the exploitation of new gas fields in the West Nile Delta concessions, in the North Alexandria region, Egypt.
Vivo Energy Côte d'Ivoire has reinforced its presence in the Ivorian market with the opening of a new Shell station in TAABO.
Vivo Energy Ghana, the marketers and distributors of Shell branded products and services has appointed Mr. Ben Hassan Ouattara as the new Managing Director (MD), effective 1st January, 2019.
The progress of Africa’s economy over the last decade has been remarkable. In 2018, six African nations – Ethiopia, Ghana, Tanzania, Senegal, Ivory Coast and Djibouti – feature in the fastest-growing economies in the world.
The sectors are revving up to keep up momentum as the 2019 opens new doors for Nigeria’s stride toward economic balance.
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, has announced that it is about to complete a successful drilling operation of the Pecan-4A appraisal well offshore, Ghana.
Kenyan private sector businesses enjoyed a solid improvement in operating conditions during the month of December, 2018.
Waha Oil Company (WOC), a National Oil Corporation subsidiary, has completed preparations on another horizontal well in the Faregh oil field ahead of the planned start of second-phase experimental gas production.
[South Africa] Special Economic Zone to significantly contribute to the economic and industrial development
The Minister for Trade and Industry South Africa, said the recently designation of the Nkomazi Special Economic Zone (SEZ) will contribute significantly to the economic and industrial development.
Merck Foundation partners with National Cancer Institute of Egypt to provide Masters Degree in Medical Oncology for African doctors
Merck Foundation, the philanthropic arm of Merck Germany partners with Egypt’s National Cancer Institute to provide Master Degree in Medical Oncology for African doctors.
Safaricom has launched Ndoto Zetu, an initiative that aims at positively transforming lives of communities across Kenya.
The Tomato Growers Association of Nigeria (TOGAN) has urged the Federal Government to establish cottage processing plants in tomato producing areas.
Malawi has been named a distant 10th of the top 15 African Exporters of Apparel to the United States under the African Growth & Opportunity Act (AGOA) Trade preference programme.
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says there are policy alternatives that can protect borrowers from excessive interest rates instead of introducing interest rate caps.
National Oil Corporation (NOC) recorded an average production of 1.107 million barrels per day in 2018 and total revenues of 24.4 billion USD – a five year high and 78% year-on-year increase.
UN-Habitat and the County Government of Vihiga in Kenya have signed a Memorandum of Understanding to support capacity and skills development for women and youth.
Governments in Sub-Saharan Africa have partnered with UNDP to launch the Solar for Health initiative to install solar systems in rural health centres and clinics.
Following months of intensive development, Cell C is now fully compliant with the End-User and Subscriber Service Charter regulations in accordance with ICASA.
Africa Oil Corp. (AOC) has made further investments of $20.5 million in Impact Oil and Gas Limited ("Impact"), a private UK company with exploration assets in South and West Africa.
Liquid Telecom South Africa, part of the leading pan-African telecoms group Liquid Telecom, has announced that it will establish a multi-billion Rand 4G network in South Africa.
AgroCenta has been selected to be the recipient of $250,000 GSMA Ecosystem Accelerator Grant, funded by UK DFID, Australian AID, and the GSMA and its members.
IFC CEO has signed accords with the National Bank of Ethiopia (NBE) to expand trade and local currency financing as part of broad effort to support private sector in Ethiopia.
IFC, a member of the World Bank Group, and the National Committee for the Environment of Business (CNEA) have signed a memorandum of understanding to improve business climate in Morocco.
The Capital Markets Authority (CMA) has announced the publication of a draft Regulatory Sandbox Policy Guidance Note which will facilitate the admission of fintech firms to a Regulatory Sandbox.
The Capital Markets Authority (CMA) has announced the grant of Kenya’s first Money Manager license to Standard Investment Bank (SIB) Limited to operate in the online foreign exchange trading space.
SAA (South African Airways) and Emirates are expanding their commercial relationship with enhancements to a codeshare agreement, opening up new destinations for both SAA and Emirates customers.
GE Renewable Energy and GE Energy Financial Services (“GE EFS”) have announced a new partnership to provide technology and facilitate debt financing for its flagship onshore wind project in Sub-Sahara Africa.
Over 43,700 vulnerable rural households in Senegal will benefit from a US$72.4 million programme that aims to improve food and nutrition security.
Ireland has launched a new $1.14 million partnership with TradeMark East Africa (TMEA) to facilitate increased trade for Tanzania.
Economic Commission for Africa has launched the Africa Poverty Clock.
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.
[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, connecting them directly with the traders.
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).