This week, the ever aggressive South African business world has seen two major companies, Vivo energy and Naspers all set to list on Johannesburg Stock Exchange (JSE).
NikGroup, a consulting firm based in Ghana, wants to push for the adoption of the blockchain for social change as the government struggles to fight corruption in Ghana.
Mergers, expansions, partnerships, taxation controversy and delays at major installations have dominated Kenya’s headlines this week.
The Department of Trade and Industry of South Africa, UNIDO and the Swiss State Secretariat for Economic Affairs have signed a €1.38 million project to support South Africa improve the international competitiveness of indigenous essential and vegetable oils.
Alibaba Cloud, the cloud-computing arm of Alibaba Group, and Kenya's Ministry of Tourism and Wildlife have agreed to explore a strategic collaboration to deploy Alibaba Cloud’s technology to support the Kenya Wildlife Protection Project.
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.
The Economic Commission for Africa is fully committed to supporting the African Union, Regional Economic Communities (RECs) and member States to ensure that the untapped potentials of the continent’s blue economy are fully realized.
The International Air Transport Association (IATA) has called on the government of Mauritius to continue to focus on aviation as a strategic enabler of the country’s economic and social development.
Trade Mark East Africa, TMEA, and COMESA have opened a new chapter of cooperation on regional integration programmes following a high-level meeting between the parties, held in Lusaka.
TAAG Angola airline and Portuguese TAP are preparing to increase weekly flights between Luanda and Lisbon, based on an agreement on air transport agreement between Angola and Portugal.
One of Kenya’s leading flower grower and exporter Oserian Development Company has sounded the alarm over massive fertilizer shortage in the country.
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
The South African business delegation that will take part in the World Food Moscow is in Russia to seek export opportunities in the local agro-processing market.
Chancellor Merkel is headed for Algeria to find ways to boost trade with the Mediterranean nation. But the complicated issue of migration will loom over her talks as Berlin looks for ways to stem irregular migration.
Algeria’s national police force, has implemented STACS-CW Enterprise sample tracking and quality control software at their forensic DNA laboratory in Algiers.
Kenya Association of Manufactures (KAM) has signed an MoU with the National Transport and Safety Authority (NTSA) and Kenya Association of Waste Recyclers for PET plastic waste management.
As urban population hits unprecedented highs putting pressure on key amenities like housing, transport water and sanitation experts are mulling new and innovative ways to create smarter inclusive and sustainable cities.
The African Development Bank has created and refined a new tool to diagnose fragility in countries, taking into account their capacities and pressures they may be under.
As African economies continues to develop, trade plays a vital role in raising living standards and improving the lives of their citizens.
Counterpart International is pleased to announce the appointment of Mutale Chilangwa as Regional Director of the Africa portfolio. Mutale brings to Counterpart more than 23 years of international development experience in economic, trade, food security, and governance issues facing both the private and public sectors.
The average quality of policies and institutions in Sub-Saharan Africa was broadly unchanged in 2017, according to the latest review by the World Bank.
The first training module of UNCTAD’s trade facilitation empowerment programme, which helps governments put in place the reforms necessary to make trade easier, cheaper and faster, has been completed
COMESA and the International Trade Center (ITC) have officially launched a Co-delegation agreement for the implementation of the Cross-Border Trade Initiative Programme funded under the European Union Development Fund.
The Board of Directors of the African Development Bank has approved a partial credit guarantee for the Republic of Senegal to help hedge currency risk arising from Eurobonds.
Botswana President Mokgweetsi Masisi said his government is confident that it will establish a lucrative beef market with the People’s Republic of China.
UN-Habitat, working in concert with its partners, has embarked on a cities campaign on Equitable Economic Growth in two Kenyan secondary towns of Kajiado and Ol-Kalou.
The Secretariat of the Southern African Development Community (SADC) scooped the first prize award in the Regional/International and Diplomatic Missions Category at the 2018 Botswana Consumer Fair.
Experts from UN-Habitat, United Nations Economic Commission for Africa, African Union Commission, United Cities and Local Governments of Africa, members of academia, representatives from civil society and local governments met in Nairobi to chart out the process of elaborating a Model Law.
The UN Economic Commission for Africa (ECA) and the Government of Chad are convening government representatives and experts in various development fields from across Central Africa and around the world, to debate and propose a harmonized strategy of unlocking finances for industrializing the economies of Central Africa.
The International Islamic Trade Finance Corporation (ITFC) has signed two new Agreements between with the Government of the Arab Republic of Egypt.
The Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong, congratulated the Government of Hunan province for its continuous efforts to promote investment in Africa under the Chinese Government’s Belt and Road Initiative.
The Department of Trade and Industry (dti) and the motor industry are now close to finalizing the South African Automotive Masterplan which will come into effect in January 2021 and run until 2035.
The Federal Government of Somalia and the World Bank have launched the flagship infrastructure project in Somalia.
Fifty-one thousand, 785 tons of sugar were produced by the Bioenergy company (Biocom) in the 2018 harvest according to data released at the 34th Meeting of Working Group.
The president of the Federal Republic of Somalia Mohamed Abdullahi Farmajo is leading efforts to consolidate gains made at the Forum on China-Africa Cooperation by facilitating the prospect of a tripartite agreement.
A Study carried out on more than 1000 entrepreneurs in South Africa revealed that entrepreneurship in South Africa is not thriving, despite the fact that South Africa is one of Africa's strongest economies.
Fresh from discussing bilateral ties with the United States, Kenya has over the recent past held trade negotiations and deals with UK and China as the super powers seeks to grow their influence in the country.
The African Development Bank group has committed to support Equatorial Guinea’s economic diversification into agro-industry and a program of capacity building to foster public policies.
In Sub-Saharan Africa, countries with unreliable power cost some companies as much as 31 percent in sales, according to a new study released by the Center for Global Development.
The Capital Markets Authority (CMA) Act Cap 84 has been reprinted as a way of updating it to incorporate all amendments effected by the CMA Amendment Act, 2011 and the CMA Amendment Act, 2016.
TradeMark East Africa (TMEA) and the Government of Ethiopia have signed a Host Country Agreement (HCA) paving the way for TMEAs expansion into Ethiopia.
Experts from the Customs sector of the Economic Community of West African States (ECOWAS) are reviewing a draft Supplementary Act on mutual administrative assistance and cooperation between customs administrations among Member States.
World Bank Vice President for the Middle East and North Africa, Ferid Belhaj is in Algeria from September 5 to 6, 2018.
The Chartered Institute for Securities & Investment (CISI) and the Chartered Institute of Bankers of Nigeria (CIBN) are delighted to announce the signing of a cooperation agreement in London.
Majority of African countries are struggling to follow the lead of Asian countries in using agriculture to spark widespread economic growth because they have yet to marshal strong political support for agriculture.
East Africa Metals Inc. has received Draft Model Agreements from Ethiopia’s Ministry of Mines, Petroleum and Natural Gas for the company’s Mato Bula and Da Tambuk Projects.
Angolan Railways, the consortium of Andrade Gutierrez and Zagope Angola have signed a contract valued at $169.3 million for the supply of 10 diesel locomotives with a capacity to carry seven thousand passengers.
Members of the public are advised that the Department of Mineral Resources’ Mpumalanga Regional Office will be closed from Monday 3rd September 2018 until further notice.
The United Nations is revamping its action plan to address the root causes of the complex crisis in Africa’s Sahel region, in particular outlining a development vision for the region.
OFID, the OPEC Fund for International Development has signed public sector loan agreements totaling to US$37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
As part of his visit to China on the sidelines of the FOCAC Summit, President of the Federal Republic of Somalia H.E Mohamed Abdullahi Farmajo visited Huawei's Beijing Executive Briefing Center and met with Yi Xiang, Senior Vice President at Huawei.
On his state visit to China, President Mokgweetsi Masisi of Botswana expressed that Botswana looks forward to cooperating in depth with Huawei, to promote socio-economic development and achieve sustainable development of Botswana through digital transformation.
The 2018 summit of the Forum on China-Africa Cooperation currently underway in Beijing has seen China unveil a new $60 billion kitty for Africa’s development as part of a raft of new measures to strengthen Sino-Africa ties.
British Prime Minister Theresa May, has announced the entry of twenty new UK businesses in Kenya, a feat she termed as a clear demonstration of the confidence the British business community has in Kenya’s attractive investment environment.
Volkswagen and the government of Nigeria have signed an agreement to develop a joint vision for an automotive hub in that country.
Communications Authority of Kenya, (CA) has launched a new system to measure quality of services provided to consumers on mobile telephony networks.
Volkswagen and Ghana have signed an agreement to establish a vehicle assembly facility and to assess the feasibility of a modern Mobility Concept for Ghana.
It has been another busy week for anchor sectors in Kenya with more investors, landmark deals and strategic partnerships pointing to Kenya as the investment destination for the region.
The Government of the Republic of Equatorial Guinea has launched the 2019 Year of Energy initiative, shining a light on new and innovative petroleum projects in the country.
UK Prime Minister Theresa May and International Trade Minister George Hollingbery led a 29-strong business delegation on their visit to South Africa, Nigeria and Kenya this week to promote economic ties with Africa.
IFC, a member of the World Bank Group, and Egypt’s Ministry of Investment and International Cooperation (MIIC) have signed an agreement to support young entrepreneurs and start-ups in Africa to drive innovation and economic growth.
Kenya’s second National Construction Week at Kenyatta International Convention Centre from 7-9 November 2018, is set to enhance contribution of the construction industry towards the Big Four Agenda.
The SADC Executive Secretary, Dr. Stergomena Lawrence Tax received a letter of credence to SADC from the Representative of Food & Agriculture Organization (FAO) to Botswana, Mr. Rene Czudekat the SADC Secretariat Head Offices in Gaborone, Botswana.
The Chairperson of the African Union Commission, H.E. Moussa Faki Mahamat has approved the deployment of an African Union Election Observation Mission (AUEOM) in Rwanda as the country prepares to hold Parliamentary Elections from 2 to 4 September 2018.
USTDA’s Director of Congressional and Public Affairs, Thomas R. Hardy, joined President Uhuru Kenyatta of the Republic of Kenya at a round table discussion with U.S. businesses.
The JSE,National Treasury (NT) and a multi-stakeholder group ave officially launched the electronic trading platform (ETP) for government bonds.
Africa50, the pan-African investment platform has announced that the Republic of Mauritius has become its 30th shareholder.
Money is the bloodline of any economy, and for businesses to thrive, its steady flow and circulation are critical. Cash is king.
FMO is extending a convertible grant to Kenyan-based FinTech platform Lendable providing a ‘first loss’ backstop that is expected to unlock an additional $4.5 million from commercial investors.
Angola is to discuss a $4.5 billion extended financial programme with International Monetary Fund, IMF, as part of the financial aid the country requested to this institution.
Minister for Africa at the Foreign and Commonwealth Office and the Department for International Development Harriett Baldwin has announced a major new jobs creation and investment programme during a visit to Ghana.
The economic well being of any nation rests on the country’s ability the create sustainable jobs for all.
President Uhuru Kenyatta has witnessed the signing of two agreements that will see two US companies invest $238 million worth of projects in Kenya as he urged the US government to facilitate the operations of US businesses Africa.
The Embassy of the People's Republic of China has exempted the government of Botswana from payment of the three interest free loans.
Nigeria’s Gross Domestic Product (GDP) slowed in the second quarter of 2018, according to the National Bureau of Statistics.
Senior representatives from the United States and Ghana participated in a U.S.-Ghana Cyber Study visit to facilitate stronger bilateral cooperation on cyber issues.
As the business world becomes more and more technology dependent, it has become impossible to separate that technology from any kind of development. Words like ‘investment’ and ‘startup’ seem inevitably connected to ICT.
The Common Market for Eastern and Southern Africa, COMESA, the Inter-Governmental Authority on Development, the East African Community and the Indian Ocean Commission with support from the EUhave resolved to step up their efforts to ensure that piracy does not resurge.
In a bid to identify tax evaders, the South African Revenue Service (SARS) is actively working towards identifying and tracking various transactions carried out by cryptocurrency traders.
EXX Africa has published a special report on the investment risk outlook on Angola.
Kenya’s public institutions have this week increased their investments in technology to improve service delivery and address some of the most pressing problems in a development that is receiving thumbs up from both local and international players.
The National Union of Mineworkers (NUM) has declared a wage dispute with the Minerals Council of South Africa.
The Government of the Republic of Namibia and the African Development Bank have signed a loan agreement worth US$ 217.8 million (ZAR 3 billion) to finance the second phase of the Namibia Economic Governance and Competitiveness Support Program.
The Government of Ghana, through the Ministry of Communications, is implementing an ICT Innovation Project at the Accra Digital Centre under the eTransform Ghana Project aimed at nurturing Tech Startups to promote digital entrepreneurship and create digital jobs for the youth.
Ethiopia has launched the waste-to-energy facility, a first of its kind in Africa.
The Deputy Director-General for Trade and Investment South Africa at the Department of Trade and Industry, Ms Lerato Mataboge says export councils are key drivers for South Africa’s economic transformation and that they should be supported and prioritized.
The Kenya Association of Manufacturers (KAM) has inked a partnership deal with Brand Kenya Board to hasten the uptake and implementation of the Made in Kenya Brand Mark
A Technical Working Group comprising of focal points from Directorates of the Commission of the Economic Community of West African States recommended that regional and national strategies be developed in order to optimize the African Growth and Opportunity Act.
A total of 199 out of 204 non-tariff barriers to regional trade that have been reported among the COMESA Member States since the establishment of the Tripartite NTB Online Reporting Mechanism in 2008, have been resolved.
The Madagascar online investment guide has been officially unveiled in Antananarivo.
The Executive Secretary of the Economic Commission for Africa, Ms. Vera Songwe, addressed the 38th SADC summit in Windhoek, Namibia.
The South African Revenue Service, the Tobacco Institute of Southern Africa and the Fair-trade Independent Tobacco Association have discussed how to combat illicit trade in cigarette.
The Angolan and Zambian have held a launch of the visa-free agreement in ordinary passports, in a simultaneous act in both countries.
The Executive Secretary of the Economic Commission for Africa Vera Songwe has commended Botswana for being one the fastest growing economies in the SADC region at about four to five percent and for its plans for diversifying the economy.
President Uhuru Kenyatta has witnessed the signing of an MOU between the Ministry of Transport and Infrastructure and the Mediterranean Shipping Company for the revival of the Kenya National Shipping Line.
Zambia expects to raise $22 million annually in new tax on internet phone calls. The cabinet approved on Monday, a 30 ngwee (0.3 kwacha; $0.03) daily tariff charged on online phone calls.
Maize flour prices in Kenya have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western region, easing inflationary pressure.
South Africa’s government announced that it has lifted the decade-long ban on the importation of avocado fruits from Kenya.
Kenya has challenged the African continent to speak with one voice at global ICT decision-making forums.