Small and medium sized businesses in Kenya represents 75 per cent of the country's workforce, constitute 98 percent of all businesses in Kenya and contribute 3 percent to the national purse.
The Bill & Melinda Gates Foundation will contribute €54 million, $62.5 million, to EU efforts to strengthen diagnostic health services in Sub-Saharan Africa under the External Investment Plan.
The African Development Bank has approved a $50 million line of credit to Nigeria's Fidelity Bank Plc to support small and medium sized, and women-owned enterprises in selected transformative sectors.
Kampala Capital City Authority, KCCA, and the United Nations World Food Programme (WFP) have entered a partnership to tackle food insecurity and rising levels of malnutrition in Kampala district.
Emerging market currencies that have already seen depreciation this year will continue to be susceptible to balance-of-payment crises, according to the External Vulnerability Index published by business information provider IHS Markit.
IFC, a member of the World Bank Group, is providing a €40 million subordinated loan to Attijari bank Tunisia, a leading private bank in Tunisia, part of the Attijariwafa bank Group, to help strengthen its capital base and grow its lending operations.
ACI Worldwide a global provider of real-time electronic payment and banking solutions has announced that Commercial Bank of Ethiopia (CBE), the country’s largest commercial bank, is utilizing ACI’s UP Retail Payments solution to modernize its payments infrastructure.
Intelsat S.A, operator of the world’s first Globalized Network and leader in integrated satellite communications, and Africa Mobile Networks (AMN) have announced that Intelsat has made a strategic investment in AMN.
Congo Airways’ present fleet of two Airbus A320 and two Bombardier Q400NextGen will be boosted when four more aircraft, wet leased from Ethiopian Airlines, will arrive in Kinshasa.
Quanergy Systems, Inc., a global leader in the development and manufacture of LiDAR sensors and smart sensing solutions, says Duxbury Networking will serve as the company’s first South African distributor.
Elanco Animal Health Incorporated is progressing a groundbreaking project to provide sustainable development solutions to address food insecurity in East African countries – Tanzania, Kenya and Uganda.
Liquid Telecom has completed the acquisition of the remaining 50 per cent stake in its Zambian subsidiary, CEC Liquid Telecom, from Copperbelt Energy Corporation PLC.
The African Development Bank recently convened a meeting of experts in the agricultural sector to design integrated pest and disease management mechanisms for controlling the spread of the Fall Army Worm in East Africa.
Intelsat S.A., operator of the world’s first Globalized Network and leader in integrated satellite communications, and Q-KON have announced that Q-KON will introduce new, multiple high-speed broadband services powered by the IntelsatOne Flex for Enterprise platform.
Whale Cloud, rebranded from ZTEsoft, has signed a Memorandum of Understanding with the Republic of Ghana on innovative city development at the headquarters of Alibaba Group.
The Government of Senegal and the United Nations Industrial Development Organization (UNIDO) completed a sensitization mission towards the development of an integrated agropole in the country’s rural centre.
The UK fund will include support for teacher training, through the ministry’s flagship education programme, and support children’s education in governorates across the country.
Global provider of nutrition and beauty products Organo has formally expanded its Africa footprint into South Africa.
American engineering and construction company KBR, Inc. has announced that its UK operating subsidiary has been awarded a Front End Engineering Design (FEED) contract by BP for Phase 1 of the Tortue field Hub on the maritime border between Senegal and Mauritania.
The African Agenda 2063 is a well spelt out strategic framework for the socioeconomic transformation of the continent over the next 50 years. China’s President XI Jinping has characterized china’s development agenda in Africa as a win-win deal for its aspirations to become the global trade leader.
IFC, a member of the World Bank Group, is strengthening its partnership with Al Amana, Morocco’s largest microfinance institution, to increase funding for micro- and small-scale entrepreneurs
Ipsidy Inc., a provider of secure, biometric identification services, and Safetrade Africa, a technology development company specializing in payment processing i have entered into an agreement to offer Ipsidy's suite of biometric identity and authentication solutions to South Africa, African countries.
Solar technology company REDAVIA and the responsAbility-managed climate fund have signed a financing agreement for REDAVIA's Ghanaian subsidiary.
E-commerce platform Mall for Africa has announced that it will add cars from the United States to its list of items for sale.
Africa stands as a hub for online and digital fraud that is not only seriously affecting the regional economy but the security of global markets as a whole.
UNICEF, in collaboration with Kilifi and Garissa counties, have recruited Energy 4 Impact in an institutional advisory capacity to support the implementation of Kenya’s Energy and Cash Plus pilot project.
Russian Foreign Minister Sergei Lavrov said on Saturday that his country was eager to work with Egypt to boost airline security, three years after a bomb attack downed a Russian plane, killing more than 200 holidaymakers.
Nigerian Content Development and Monitoring Board has praised the management of Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises over its adherence to the local content law in the execution of its projects.
Access to clean water is still a challenge in most of the sub-Saharan Africa countries. Due to the scarcity, the ones who are lucky enough to access it have to dig deeper into their pockets in order to enjoy this basic commodity.
Starschema Ltd., a big data company in Hungary, and PATH, a global organisation that works to accelerate health equity, have launched a software integration that will enable health workers to easily and securely access data visualizations.
Construction work on the development of the multi-purpose Berbera port in the Republic of Somaliland has started with a special ground-breaking ceremony to mark the occasion.
GE Healthcare and the Society of Radiography in Kenya (SORK) have announced a 2-year partnership to train a minimum of 140 radiographers on the latest medical imaging technologies and techniques.
The 7th Conference on Climate Change and Development in Africa, CCDA – VII, kicked off in Nairobi Kenya on Wednesday attracting over 700 delegates with institutions pledging to continue working together to make Africa’s development sustainable, inclusive and climate-resilient.
The Ministry of Investment and International Cooperation of Egypt and COMESA Regional Investment Agency have confirmed dates for the Africa 2018, a high-level forum offering participants an unparalleled platform for promoting trade and investment within the continent.
Even as Kenya continues to seal loopholes of money laundering and illicit flows, details are emerging that the country is experiencing sophisticated forms of tax evasion.
Analysis of trade misinvoicing in Kenya in 2013 shows that the potential loss of revenue to the government was $907 million for the year, according to a new study by Global Financial Integrity.
Private Equity Funds managed by Blackstone has announced a partnership with an experienced management team, to create Zarou, a company fully owned by Blackstone.
The GloCash payment app, which is designed to make it much easier for Africans to send and receive cash, is now on BETA and available for limited download to Android devices.
The GSMA has launched a new Innovation Fund for Rural Connectivity, aimed at expanding digital inclusion through innovative new technology solutions for connecting unserved rural communities.
Everest, a biometry-based, value transfer company, and 1000 Alternatives, a leader in social impact development, have announced a new partnership created to accelerate blockchain innovation and spur economic development in Kenya, Nigeria and Rwanda.
Issues related to strengthening bilateral cooperation in the defense field are being addressed between Angola and the United Arab Emirates.
Russia plans to build a nuclear plant in the COMESA region to help address some of the energy challenges facing the region.
The African Export-Import Bank has taken its recently-introduced Afreximbank Trade Facilitation Programme to Guinean banks, telling representatives of the Guinean banking sector that the programme will lead to improved support from Afreximbank.
Kenya’s real gross domestic product (GDP) growth is projected to rise to 5.7% in 2018—up from 4.9% in 2017—and continue to increase steadily to 5.8% in 2019, and 6.0% in 2020, according to the World Bank’s 18th Kenya Economic Update (KEU).
A new investigation from Global Witness has revealed how progressive community forestry in Liberia is being undermined by the logging industry - using a number of shady tricks.
Africa Finance Corporation the infrastructure development finance institution in Africa, has announced its successful acquisition of a loan facility from the Export-Import Bank of China
The Republic of Angola and the People's Republic of China have signed a facilitation agreement providing for funding from the Chinese Development Bank, valued at $2 billion.
The Nordex Group has received big-ticket contracts from South Africa to install a total of 80 AW125/3150 turbines for the “Garob” and “Copperton” projects.
South Africa-based original equipment supplier Weba Chute Systems has further extended its footprint into the northern hemisphere with the recent appointment of a licensee in Russia.
Chinese based LONGi Solar has signed a Memorandum of Intent (MOI) with the Tunisian project developer SHAMS Technology for a long-term cooperation.
In a breakthrough for the South African manufacturer of nitrogen generators, NitraLife, the company has exported a NitraCut nitrogen generator into Africa.
DHL Express has been awarded most Top Employer in Africa for the fifth consecutive year, at the prestigious Top Employer Africa 2019 certification ceremony, held at the Sandton Convention Centre in Johannesburg.
South Africa has ratified the Tripartite Free Trade Agreement becoming the fourth country to do so after Egypt, Uganda and Kenya.
Growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017 according to a new World Bank report.
The IMF team reached a staff-level agreement with the authorities of Malawi on the completion of the first review under the Extended Credit Facility (ECF), which is subject to the approval of the IMF Executive Board.
Air Seychelles, the national airline of the Republic of Seychelles and Air India, the flag carrier of India are now offering travelers enhanced connections on their respective networks following the signing of a codeshare agreement between both airlines.
From mid this year the apparels sector in Kenya has been had hit by the cost of doing business, with major investors such as Long Yun Garments in Mombasa, shutting down and several others in different counties downsizing and reducing their operations.
British luxury automobile maker Rolls-Royce has opened its first lease engine storage facility based in the South African Airways Technical (SAAT) site at Johannesburg’s Oliver Tambo International Airport, the busiest airport in Africa.
Aliko Dangote has in London called for conscious efforts at deepening African regional market by African investors and governments to aid rapid growth and development of the Continent’s economy.
Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola.
Black & Veatch has been tasked by the Defense Threat Reduction Agency (DTRA) to implement an electronic system that enables the inventory and management of biological materials at Kruger National Park in South Africa.
The Commission of the Economic Community of West African States (ECOWAS) is looking forward to a more dynamic and flexible rules of origin which takes into account the interests of the economic operators in the region.
Software pioneer APD Communications has announced an alliance with South Africa technology company RapidDeploy to provide a complete hosted solution for control room operations globally.
Angola and China are expected to sign a set of agreements, one of which puts an end to double taxation in commercial transactions, Angop learned in Luanda.,
Asante Gold has announced that in addition to its previous disclosure re sourcing a 50:50 joint venture partner for the exploration and development of the Kubi Gold project in Ghana, that the company will now consider cash bids for a 100% buy-out.
Provider of secure payment technology Net 1 UEPS Technologies, Inc. has entered into a strategic relationship with Zapper, South African QR payments technology company with more than a million customers.
In today's advanced economies, manufacturing remains critically important to both developing and developed world.
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
FAO and the African Union have launched a new framework document that aims to increase agricultural efficiency and reduce drudgery by helping countries in Africa to develop strategies for sustainable farm mechanization.
Madagascar’s three key rice farming regions have witnessed an unprecedented transformation, with yields per hectare virtually tripling over the past five years.
Market access and penetration of established sectors of the economy still poses a challenge for most Black Industrialists trying expand their products and services locally and internationally.
With Kenya having experienced proliferation of online news channels occasioned by an impressive penetration of the internet and a critical mass of consumers with an insatiable appetite for breaking news, truth and fact have been the latest casualties.
The Dar es Salaam Corridor Group (DCG) and the Tanzania-Zambia Railway Authority (TAZARA) have entered into a partnership agreement for the development of a Dry Port at the terminal end of TAZARA in New Kapiri Mposhi, Zambia.
Global professional services company Accenture is helping AB InBev, the world’s largest brewer, better manage its sales and distribution operations in Africa with the Accenture NewsPage Distributor Management System.
Noble Systems Corporation, a global company in omnichannel contact center technologies, has announced further growth within Africa and Middle East region with the appointment of Les Forsman as the Country Manager for South Africa.
The Association for Supply Chain Management (ASCM) has announced that it is the recipient of a three-year grant from the Bill & Melinda Gates Foundation.
IFC, a member of the World Bank Group, together with the Mastercard Foundation, have launched the Digital Financial Services for Agriculture Handbook to support the expansion of financial inclusion to smallholder farmers.
AccorHotels, the global travel and lifestyle group, announced a record year of development in Africa.
The announcement by Kenya’s national carrier, Kenya Airways, that it would start direct cargo flights to USA in December this year remains one of the most iconic developments for the Kenyan flower industry.
IT company Global Voice Group has announced the appointment of Mr. James Gabriel Claude as the new Chief Executive Officer of the company.
The Angolan and Spanish navies are engaged in deepening cooperation in order to ensure the patrol of the coasts of Guinean Gulf and to combat piracy, illegal trade and smuggling.
Guinea’s fast-growing bauxite mining industry is threatening the livelihoods of thousands of Guineans, Human Rights Watch said in a report released today.
Telecom Egypt has signed an agreement with Bharti Airtel to formalize its strategic partnership announced on 6 August 2018.
AfriLabs, the largest network of technology and innovation hubs across Africa, has admitted 23 new hubs into its network making it a total of 123 hubs across 34 African countries.
An International Monetary Fund (IMF) staff team has completed the review of the 10th Rwanda Policy Support Instrument (PSI) supported program.
US based renewable energy company Renewvia Energy's first two microgrid facilities, outfitted with the company’s innovative new mobile payment platform are now successfully running on the Islands of Ndeda and Ringiti in Kenya’s Lake Victoria region.
The Sustainable Development Goals Center for Africa has added a sub-regional center of excellence to support countries in the Southern African region in achieving the SDGs and the African Union’s Agenda 2063.
Energy 4 Impact has awarded the National Oil Corporation of Kenya (NOCK) a prize of $50,000 for its design of a non-wood cooking concession that could increase the usage of LPG cooking gas to refugees.
Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank.
Andersen Global has announced an added presence in Africa with Tadesse Kiros Law Office, one of the largest law offices in Ethiopia.
Farafena, a company offering nutrient-dense, African-grown and sustainable products, has expanded across Canada with its products now accessible across Canada, including 500 Loblaw stores.
Global hospitality company Hilton has announced an initial investment of $1 million to drive sustainable travel and tourism in Africa. To do so, the company will focus on five key areas.
Global technology company Sierra Monitor Corporation has announced the formal incorporation of Sierra Monitor South Africa.
Global travel industry technology provider Sabre Corporation has launched its industry-first Digital Airline Commercial Platform (DACP) with Ethiopian Airlines, Aeroflot and Etihad Airways on board as launch partners.
Unionaire Group has entered into a partnership with MIDCO, a subsidiary of the Tunisia-based Loukil Group, under an arrangement facilitated by the African Export-Import Bank (Afreximbank).
Cerego, a player in predictive learning technology, has partnered with African Leadership University (ALU) for the 2018 admissions cycle.
J.P. Morgan has announced the expansion of its Interbank Information Network (IIN), the first live blockchain service offered by the firm.
Vista Group International company Vista Entertainment Solutions (‘Vista Cinema’) and Vivendi’s CanalOlympia have signed an agreement to roll-out Vista Cinema’s Veezi across all their cinema venues.
The African Development Bank has approved a loan of $266 million to support Rwanda’s program to improve electricity supply reliability and expand access to electricity.
Kenya’s President Uhuru Kenyatta has held a meeting with a delegation of senior Qatar government officials during which he was informed of plans by Qatar Airways to start direct flights between Doha and Mombasa on 9th December this year.