Innovative financial solutions like factoring and credit insurance offer keys to the growth of small and medium-sized enterprises (SMEs) in Africa and can enhance regional integration.
A ‘crazy idea’ has resulted in the ability to grow durum wheat in the extreme heat of famine-affected Senegal, Mauritania and Mali, potentially boosting the income for one million farming families.
Purdue University scientists will develop stronger, more versatile varieties of sorghum that have the potential to reach millions of African farmers.
Liquid Telecom closes $180 million senior secured notes tap offering, attracting strong interest from leading international markets
Liquid Telecommunications Financing PLC, part of the pan-African telecoms group Liquid Telecom, has successfully closed a $180 million tap offering of the Issuer’s $550 million 8½% Senior Secured Notes due 2022, at an issue price of 105.0 per cent.
Statistics indicate that 90% of imports and exports in Africa are driven by sea. With a global middle class set to reach 5 billion people by 2030, global trade is set to continue to grow at an unprecedented rate.
John Pombe Magufuli, President of Tanzania and Yoweri Kaguta Museveni President of Uganda and Amb. Liberat Mfumukeko, East African Community Secretary General have launched Mutukula One Stop Border Post (OSBP) located on the Uganda- Tanzania border.
Boeing and AerCap have announced that Egyptair will lease six Boeing 787-9 Dreamliners.
Mastercard enables a new era of payments in Egypt through innovation, collaboration and digitization
Guided by its vision of a cashless world and since the beginning of its operations in the country, Mastercard has made financial inclusion one of its top priorities in Egypt.
[South Africa] Veridium and Wala in pilot digital banking project that authenticates users with biometrics
Veridium, a leader in strong authentication using biometrics has partnered with Wala, a South African-based, blockchain-powered financial services platform for the unbanked, to bring universal financial services to emerging countries in Africa.
To improve performance and visibility into plant and turbine operations, GE’s Power Services business has signed an agreement with Azito Energie S.A. to upgrade two gas turbines at the company’s combined-cycle power plant.
Germany backs renewable energy project in Africa with the launch of RLSF, an innovative liquidity facility managed by ATI
KfW, the German Development Bank, and the African Trade Insurance Agency have unveiled a new instrument to support renewable energy projects in sub-Saharan Africa that targets small- and mid-scale green power energy projects.
Eutelsat Communications, one of the world’s satellite operators has announced a multi-year agreement with La Poste Sénégal, the country’s public postal service company, to interconnect 200 post offices nationwide.
Daimler Trucks & Buses Southern Africa, under the banner of ZIMOCO has unveiled SelecTrucks Zimbabwe. The new centre is located at the Harare Showgrounds.
MARAKEZ, a subsidiary of Fawaz Al Hokair Group, has selected Yardi Voyager® 7S to electronically manage its lease and property management process for its leading shopping mall in Cairo, Mall of Arabia.
[Nigeria] Marriott International and Landmark Africa Group announce signing of renaissance Lagos hotel
Marriott International and Landmark Africa Group have announced the signing of Renaissance Lagos Hotel and Marriott Executive Apartments.
Pan-African ICT investor, Convergence Partners and 4Di Group have announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners.
Building on the success of the initial phase of their partnership, Emirates and flydubai have announced 16 additional destinations to which Emirates’ passengers will be able travel on a single ticket.
Pratt & Whitney, a division of United Technologies Corp and EgyptAir have announced the selection of the PurePower Geared Turbofan engine to power up to 24 Bombardier CS300 aircraft.
West Africa has been at the heart of the continent’s growth and economic transformation in recent years.
Soraa, the company behind high-quality LED lighting and illuminator of the world’s most famous historical buildings has announced that its VIVID lamps were chosen to perfectly illuminate the new City of Johannesburg Council Chambers.
The Government of Rwanda has joined the African Access Initiative (AAI), an international public-private alliance addressing Africa’s escalating cancer crisis.
Jean-Christophe Quémard, Executive Vice President, Africa-Middle East of Groupe PSA, has co-signed an agreement in Algiers with the Algerian project partners to create an Oran-based manufacturing company to build cars for the Algerian market.
The Johannesburg Stock Exchange (JSE) and FTSE Russell will extend its existing equity index partnership to also provide a range of co-branded fixed income indices.
Fifteen out of the 19 COMESA Member States as now fully in the regional Free Trade Area with only four countries remaining.
The Lumos Mobile Electricity Service aims to bring power to millions of people who do not currently have access to an affordable, reliable or clean energy supply.
Pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, has partnered with Huawei, an information and communications technology (ICT) solutions provider, to deliver 100G upgrades to its network in South Africa.
South Africa and the Democratic Republic of Congo have committed to remove hurdles that hinder business interactions between business people of the two countries.
The Republic of Mauritius has launched a US$191 million project supported by the Green Climate Fund (GCF) and the United Nations Development Programme (UNDP).
The Board of the African Development Bank Group has approved a loan of €71.56 million to support the implementation of ‘Digital Tunisia 2020’ National Strategic Plan.
The UK has doubled the amount of export finance it is making available to support UK-Ethiopia bilateral trade.
South Africa prioritizes Association of Southeast Asian Nations in its export diversification strategy
The Deputy Minister of Trade and Industry says South Africa’s export market diversification strategy has identified the Association of Southeast Asian Nations economic bloc as one of the priority markets for the country’s exports.
Africa’s largest airline group, Ethiopian Airlines has finalized preparations to start five weekly flights to Buenos Aires, Argentina, as of March 8, 2018.
The Sustainable Energy Fund for Africa (SEFA) has approved $990,000 to eThala Management Services, to support the development of a 10-MW Biomass-to-Power plant to be located in the KwaZulu Natal Province of South Africa.
Network Airline Management, a division of the Network Aviation Group and Astral Aviation have signed a long-term wet lease with Air Atlanta Icelandic adding a factory-built, nose-loader B747-400F to their existing managed fleet.
Pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, will become a Microsoft Azure ExpressRoute partner with pan-African network reach when the Microsoft Azure cloud platform is generally available in 2018.
[South Africa] Nedbank receives $172 million from Africa Development Bank to finance continental businesses
The Board of Directors of the African Development Bank Group (AfDB) has approved a US$ 172 million financial package to Nedbank Group Limited of South Africa, to finance local and continental businesses.
Mobile payments company Bango has expanded operations in Africa through a partnership with Victory Link in Egypt.
Spreadtrum Communications, an ICT company in China with advanced technology has announced that its advanced networking platforms have been selected by Accent, the largest IT brand in Morocco, for their smartphones.
Cameroon becomes first country to earn 5 Star certificate of excellence for active use of medical tech
SystemOne, a global health disease intelligence for rapid detection and response, has awarded Cameroon a 5 Star Quality Program for GxAlert Technical Excellence.
Africa can be the world’s breadbasket, numerous studies have suggested, painting a picture of a continent poised to emerge as a key supplier of food in a globe where population explosion and food price spikes are taking a toll on farmland produce.
Afrimat Limited, a leading black empowered open pit mining company providing industrial minerals, commodities and construction materials, listed on A2X this morning.
Aon Plc the global professional services firm providing a broad range of risk has confirmed it has completed the sale of its shareholding in its employee benefit, insurance and reinsurance brokerage operations in Kenya, Lesotho, Malawi, Namibia, Uganda and Zambia.
Bravura Solutions Limited has signed a long-term contract with Discovery Limited for the implementation of its Sonata platform.
Suez Canal Economic Zone Authority and DP World sign agreement for development of economic zone in Sokhna, Egypt
Admiral Mohab Mamish Chairman of the Suez Canal Authority and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, have signed a partnership to develop an integrated industrial and residential zone at Sokhna in Egypt.
[Tunisia] European Investment Bank, Banque de l'Habitat sign $140 million credit facility to boost business financing
The European Investment Bank and Banque de l'Habitat have signed a new line of credit to strengthen access to bank financing for Tunisian companies, supporting more than 250 SMEs and over 1,600 jobs in Tunisia.
Kenya Urban Roads Authority General Manager Daniel Muchiri has told CNN’s Building Bridges programme of the huge financial losses Kenya’s capital is experiencing as traffic jams grind the city to a halt.
Succor came the way of the over a thousand hitherto dejected traders affected by the Kano Market fire disasters few months ago as the renowned business mogul, Aliko Dangote made good his promise and donated N500m to rehabilitate them.
AgDevCo's Smallholder Development Unit (SDU) has announced new partnerships with a Senegalese rice miller and a Mozambican livestock company.
Global trade enabler DP World will develop a greenfield economic free zone in Somaliland to complement the development of the Port of Berbera, which has seen record container volumes under DP World management.
The U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of the Republic of Côte d’Ivoire have signed a five-year, $524.7 million compact to spur economic growth and reduce poverty in Côte d’Ivoire.
Liquid Telecom teams with VT iDirect and Telesat to deliver enhanced services to businesses in Africa
Pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, has entered into an arrangement with Telesat, a global satellite operator with extensive coverage of the EMEA region.
Alfanar Company has closed the financing for the development, construction, ownership and operation of a 50 MW solar PV plant in Egypt's Aswan province and which will be supported by Egypt's FiT program.
South Atlantic Cable System, the first submarine cable system across the South Atlantic is in the final stretch of its installation between Africa and South America.
Nokia and Vodacom have signed an agreement under which the companies will trial Nokia 5G technology to accelerate the launch of the new technology for the benefit of businesses and individuals in South Africa.
The Board of Directors of the African Development Bank Group has approved a loan of $141 million to Tunisia, intended to finance the second phase of the Regional Development Support Program.
Intelsat and Coca-Cola partner to bring satellite-enabled Wi-Fi services to remote communities across Africa
Intelsat S.A., operator of the world’s first Globalized Network and leader in integrated satellite communications, and The Coca-Cola Company are working together to bring satellite-enabled Wi-Fi services to remote communities across Africa.
The Government of the People’s Republic of China has agreed to support customs modernization project in Uganda with a grant worth $ 30m.
The African Export-Import Bank (Afreximbank) has launched a new guarantee programme aimed at unlocking capital and leveraging much-needed financing into Africa.
Altron and Tango Telecom set to revolutionize the African subscriber’s digital experience with Data Retail Engine
Johannesburg Stock Exchange-listed Allied Technologies Limited (Altron) and Ireland-based Tango Telecom, the leading provider of data demonetization solutions have announced a partnership to launch Data Retail Engine (Tango DRE™) in Africa.
Huawei Marine and Tropical Science start construction of PEACE Submarine Cable Linking South Asia with East Africa
Huawei Marine has started work on Desk Study and Marine Survey works in conjunction with key investor Tropic Science Co., Ltd. (Tropical Science) to construct the Pakistan East Africa Cable Express (PEACE) submarine cable, which connects South Asia with East Africa.
South Africa’s newest stock exchange, A2X Markets (A2X), has approved SBG Securities Pty Ltd (SBG Securities) as a trading member.
Kenya Association of Manufacturers (KAM) in partnership with TradeMark East Africa have launched an online portal in a quest to provide investors in the country with up to date data on the sector.
Tunisia plans to increase its trade with other African countries in general, and with the Economic Community of West African States (ECOWAS) in particular.
Marriot International, Inc. has opened its second hotel in the “World’s Wildlife Capital”, Four Points by Sheraton Nairobi Airport, further consolidating its presence in Kenya.
COMESA and the International Organization on Migration (IOM) have resolved to give fresh impetus towards the implementation of programmes on the free movement of people across the region.
Phoenix Energy of Safra, Lebanon participated in the official signing of the International Finance Corporation’s (IFC) Nubian Suns Feed-in-Tariff Financing Program in Cairo, Egypt.
The U.S. Trade and Development Agency awarded a grant to the GreenCape Sector Development Agency for a feasibility study to assess the market demand, socio-economic impacts, and key risks of a proposed integrated liquefied natural gas (LNG) importation .
Schneider Electric signs manufacturing partnership agreement with SDM Electrical Switchboards Botswana
Schneider Electric, a global specialist in energy management and automation, is empowering the continent through supporting and addressing the transfer of skills and technology in the power and energy industry.
REDAVIA a global leader in solar energy has invested in the largest minigrid in Tanzania connecting more rural people to the national grid.
In a launch the African Trade Insurance Agency’s (ATI) Chief Executive Officer, George Otieno, officially announced the availability of ATI’s financial solutions in Zimbabwe.
The Italian Agency for Development Cooperation and the United Nations Industrial Development Organization (UNIDO) have signed an agreement for the allocation of €2.25m for the implementation of a new project in Sudan.
[Kenya] JinkoSolar switches London Distillers to solar energy in largest commercial rooftop project in East Africa
JinkoSolar Holding Co., Ltd a global player in the photovoltaic (PV) industry has supplied 924 Kilowatts of PV modules to be installed on the rooftop of the London Distillers’ distillery in Athi River, Kenya.
Leading members of the private sector in Ghana and Kenya have acknowledged that both countries have the capacity, economic and investment credentials to transform and expand trade between their respective regional markets.
EFG Hermes Leasing partners with Philips Egypt to provide healthcare leasing solutions to SMEs and hospitals
EFG Hermes Leasing, the leasing arm of the financial services corporation in the Middle East and North Africa EFG Hermes, has signed a cooperation agreement with Philips Egypt to provide leasing solutions for healthcare professionals.
Carlyle-backed Assala Energy has completed the acquisition of Shell’s onshore assets in Gabon, Africa, for a total of USD $628 million including an amount equivalent to interest.
Mobile cloud communications platform company Pareteum Corporation has signed a five year agreement with a leading telecommunications company in Sub-Saharan Africa to provide Pareteum's Managed Services Platform.
Cinema management software for the global motion picture market and founder of the Vista Group International Vista Entertainment Solutions has signed an agreement with Filmhouse Cinemas in Nigeria.
Two Cape Town winemaking companies are optimistic that the Investment and Trade Initiative (ITI) to the Democratic Republic of Congo (DRC) will give them an opportunity to expand their footprint to the DRC and neighbouring countries.
The Senegalese government has announced that the country will work with UNCTAD to boost the competitiveness of its cashew and mango exports.
Members of RENEW’s Impact Angel Network have committed capital to Roadrunner Technology Solutions which will partner with Universal Courier Services to expand the burgeoning logistics and e-commerce industries in Ethiopia.
American international oil company Kosmos Energy has completed drilling the Hippocampe-1 exploration well located in Block C-8 offshore Mauritania in approximately 2,600 meters of water.
Hilton and Transcorp Hotels Plc, a subsidiary of Transnational Corporation of Nigeria Plc have signeda 20-year extension to the current agreement to manage the iconic Transcorp Hilton hotel in Abuja.
Africa Finance Corporation (AFC) has signed an Accreditation Master Agreement (AMA) with the Green Climate Fund (GCF) in Seoul, South Korea.
The African Export-Import Bank is implementing initiatives that seek to integrate African businesses into regional and global value chains, Kanayo Awani, Managing Director of the Banks’s Intra-African Trade Initiative, has said.
Russia and Nigeria have signed an agreement on the construction of a nuclear power plant, as well as a multipurpose nuclear research center in Nigeria, according to Russia's Rosatom state nuclear corporation.
EREN Renewable Energy and Access Power enter Egyptian renewable energy market with completion of financial close for two solar plants
EREN Renewable Energy and its strategic partner Access Power have announced the successful financial close of two solar PV plants with a total capacity of 126MWp located in the Benban complex.
Investment funds are already available for investment in Angola. They are an excellent savings alternative instrument for the national market.
MTN South Africa has successfully completed Africa's first commercial LAA deployment working with Huawei and Qualcomm Technologies, Inc.
A Danish-Ethiopian project is on the way to making better use of the milk from Ethiopia’s 11 million dairy cows and to improve the nutrition of low-income families in the country.
Uganda’s Minister of Foreign Affairs, Hon. Sam Kutesa has said that the private sector is the key driver for sustained economic growth which Uganda continues to promote in both domestic and foreign direct investment.
Energy Recovery, Inc., the pressure energy technology for industrial fluid flows company has been awarded $3.3 million contract to supply its PXTM Pressure.
Business Day has discovered that Ghana is making multi-million contributions to the cultivation of onion in neighbouring West African countries.
A new medical joint venture between an Egyptian and a British company to launch a state-of the-art-facility to produce catheters is set to start at an investment of $4 million, the British embassy in Cairo announced on Thursday.
The U.S. Agency for International Development (USAID), Nestlé Nigeria PLC, Volunteers for Economic Growth Alliance (VEGA) and VEGA Member Cultivating New Frontiers in Agriculture (CNFA) have announced a new partnership program.
Global aviation technology company Leonardo has strengthened its presence in Africa in the field of air traffic control with the signing of two agreements to provide ATC systems in Somalia and Sudan.
INTTRA, the ocean container shipping industry’s neutral network, and Transmar Corporation, a wholly-owned subsidiary of IACC Holdings and a leading carrier, have announced a new relationship for electronic booking and shipping instructions processing in East Coast of Africa.
Tobi Oludayomi has for the last five years built from ground up, Studio 14 into a powerhouse that now works with high profiled clients across Western and the West African market.
That Kenya is in protracted competition with Ethiopia to entice investors and maintain the lead as the East African regional powerhouse is an open secret.
Mercer South Africa (Consulting) (Pty) Ltd has entered into a strategic partnership agreement with EZ37 Solutions Limited, a Nigeria based Human Resources firm.
Old Mutual Alternative Investments (OMAI), Africa’s largest private alternative investment manager, is launching its third International Private Equity Fund of Funds (International FoF III) with a target size of US$300 million.