Oil and gas exploration multinational Eni has announced that a new concession agreement has received approval by Egyptian authorities.
Kazang Solar, Azuri Technologies’ official distribution partner in Zambia, has been awarded $1.6 million from the Africa Enterprise Challenge Fund (AECF) under its Renewable Energy and Climate Adaptation Technologies (REACT) window.
The International Air Transport Association (IATA) and the Rwanda Civil Aviation Authority (CAA) have signed a Memorandum of Understanding (MoU) to partner for the improvement of aviation safety.
ExecuJet, part of the Luxaviation Group, has announced that it will be the first business aviation company to operate and manage a Pilatus PC-24 Super Versatile Jet in Africa.
Andersen Global continues expansion in Africa with Isalcio Mahanjane e Associados, a law firm headquartered in Maputo, Mozambique.
South Korea has expressed interest in a new era of cooperation with Angola in the face of the current political reforms underway in the two nations.
The Johannesburg Stock Exchange, JSE, has recorded an improvement in the 2018 ESG Rating, thereby entrenching its place in the FTSE/JSE Responsible Investment Top 30 index.
Microsoft’s latest mobile offering, Kaizala Pro, a mobile app that improves the way businesses communicate and collaborate, has been launched in Kenya.
As part of their shared mission to boost financial inclusion throughout Nigeria, financial inclusion company, Oradian, and the Association of Non-Bank Microfinance Institution of Nigeria, ANMFIN, have launched a strategic partnership.
Malaysian oil and gas company Petronas through its subsidiary PC Senegal Ltd, recently signed a Farm-in Agreement with Total E&P Senegal SAS, a subsidiary of Total, to acquire a 30% participating interest in the Rufisque Offshore Profond block.
Bombardier Commercial Aircraft has announced that the company successfully placed three pre-owned Q400 turboprops with PassionAir from the Republic of Ghana.
Oil and gas executives and business leaders drawn from the oil and gas value chain will be gathering in Dar es Salaam, Tanzania, on Friday, 17th August 2018, for the launch of the Upstream Oil & Gas Awards.
The Commission of the Economic Community of West African States (ECOWAS) has moved to validate its regional strategy for the popularization of Liquefied Petroleum Gas (LPG) in West Africa.
The designing process of the 50 Million African Women Speak (50MWS) Digital Platform for women entrepreneurs has commenced following the kick-off workshop held at the COMESA Secretariat in Lusaka, Zambia.
Bolloré Transport & Logistics, Camrail and SEPBC have recently combined their activities within the Bessengué loading site to increase volumes of exported timber from Bélabo in Cameroon.
From September 5-7, 2018 in Cape Town, Africa Oil & Power will welcome the Secretary Generals of the Organization of the Petroleum Exporting Countries.
The Venture lab at The American University in Cairo, AUC Venture Lab and Temenos, the banking software company, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo.
ImpalaPay Kenya and PesaChoice of Rwanda have successfully concluded pilot test of cross-border mobile money transfer on the stellar blockchain.
The Economic Commission for Africa (ECA) Southern Africa Office has launched the Zambia STEPS Profile and the Country Profiles (CPs) for Botswana, Lesotho, Namibia and Zimbabwe in Lusaka.
Miles Software, the global fintech giant in the Wealth, Asset, Portfolio management and Custody business, has announced the strategic partnership with SBM Bank (Mauritius) Ltd (SBM) and SBM (NBFC) Holdings Ltd to launch their flagship technology platform.
Standard and Poor’s (S&P), a corporate and sovereign rating agency has revised Rwanda’s outlook to positive from stable and maintained the rating at “B/B” for long and short-term.
The 895-km highway corridor linking Kenya and Ethiopia has not only eased cross-border traffic between the two countries, but is a major push for economic integration within Africa.
Kenyan government has announced plans to establish 50 special zones, technically known as feedlots, for production of livestock for the export market.
Kenya is eyeing top positions in ICT organizations in the continental and at the global level. In Africa, Kenya is seeking the Secretary General’s seat of the African Telecommunications Union, the continental ICT body.
OFID, the OPEC Fund for International Development, has signed public sector loan agreements with Côte d’Ivoire and Malawi to help boost socio-economic development and living standards.
The COMESA region would annually gain $17.5 billion in intra-COMESA exports if all the member States fully implemented the digital trade facilitation reforms that involves the use of paperless trade facilitation measures.
Business owners in Angola from such sectors as aquaculture, information technology and education were among the first graduates of a new UNCTAD-run entrepreneurship training programme.
IFC, a member of the World Bank Group, committed $1.2 billion in Egypt during the recently concluded 2018 fiscal year, helping to create jobs, improve local infrastructure, and boost economic growth.
The Executive Secretary of UN Economic Commission for Africa, (ECA) Vera Songwe has said that combating bribery, money laundering and tax evasion should be a priority if Africa has to finance its transition to middle income status.
When asking business people and economists to name a continent that springs to mind for its opportunities, workforce and potential to provide stable growth for the next five decades, few would say Africa.
Bolloré Logistics Kenya has signed a contract to provide logistics services to Mobius Motors, an automotive start-up created in 2011 that manufactures Kenya’s only local vehicle brand.
Advisory and fund management group, MafAfrique is set to open a new regional presence in Zimbabwe, located at the heart of Southern Africa Development Community.
West and Central Africa, colloquially referred to as Francophone Africa, continues to offer real estate investors and developers more opportunities as it remains one of the world’s fastest growing zones.
Africa Finance Corporation, the continental infrastructure development finance institution in Africa, has announced the on-time completion of the Bel Air Mine in Guinea and loading of its first shipment of high grade bauxite to China.
Bolloré Transport & Logistics has signed an agreement with Jumia, a company specialising in e-commerce, and the Cameroon Customs to facilitate e-commerce in Cameroon and contribute to its development.
Egyptair Cargo has received the A330-200 Passenger-to-Freighter, P2F, converted aircraft from the Elbe Flugzeugwerke GmbH, EFW.
Global hospitality group Hilton has opened Hilton Inn in Lusaka, the capital of Zambia. The hotel is the second Hilton Garden Inn property to open in Sub-Saharan Africa this year, and joins 42 existing Hilton properties in Africa.
As Africa’s relationship with China matures and deepens, the use of the Renminbi as a medium of exchange holds the potential to increase the efficiency and reduce the risk and cost of both intra-African, Africa-China and broader Asian trade.
HighJump, a global provider of supply chain solutions, has announced that, in partnership with independent software developer, iWMS, it is modernizing the operations of manufacturer of fast-moving consumer goods BIDCO Africa Limited.
Bharti Airtel and Telecom Egypt have announced a strategic partnership, where Airtel will get IRUs (Indefeasible Right of Use) on Middle East North Africa Submarine Cable (MENA Cable) and TE North Cable Systems.
The United Nations Economic Commission for Africa (ECA) is collaborating with the International Financial Corporation (IFC) and Ant Financial (Ant) to promote digital financial inclusion in Africa, through investment and technical capacity building.
An African Development Bank mission led by Dr. Marcellin Ndong Ntah, Lead Economisthave visited the EAC headquarters in Arusha, Tanzania.
The African Export-Import Bank (Afreximbank) has disbursed the sum of $200 million to the Egyptian General Petroleum Corporation (EGPC) to support EGPC's investment in the Middle East Oil Refinery Company.
ENGIE has signed an agreement with CDC, the Gabonese financial institution Caisse des Dépôts et Consignations, to deploy eight hybrid solar power plants in Gabon, representing a combined capacity of 2.2 MW.
The African Development Bank and Cabo Verde have signed a $23 million loan agreement to revitalize the economy of the West African coastal island.
SOKOTRA Capital, a Dubai-based private investment company specializing in the agriculture and aquaculture sectors, has announced that a SOKOTRA Capital led consortium has completed the acquisition of 100% of AT.
International organisations have shown an increased interest in the Nigerian economy since the stablization of the dollar and the exit from the recent crisis that befell the country.
An increasingly disenfranchised customer base that has now been empowered by technology to voice their complaints on poor service delivery is inspiring companies to find innovative way of reaching out to clients.
Wirecard, the global innovation company in digital financial technology has launched secureEFT in South Africa.
The Village Enterprise Development Impact Bond (DIB), the first impact bond designed to reduce extreme poverty in rural sub-Saharan Africa, has closed its initial round of funding.
The European Union (EU) and the General Auditing Commission (GAC) of Liberia have officially launched a new phase of technical support to the GAC at the Office of the National Authorising Officer (NAO) in the Executive Mansion Grounds.
A new African construction entity, Mota-Engil Nigeria, has been formed to catalyze growth in the local market by focusing on execution of construction contracts and trade enabling infrastructure.
Boehringer Ingelheim, a global pharmaceutical company has announced the launch of the ‘In Reach Africa’ program, an initiative aimed at facilitating quality and innovative human and animal healthcare.
SAP Skills for Africa has kicked off its first ever programme in Nigeria at an orientation event held in Lagos.
President Yoweri Museveni has said that a number of Government of Uganda funded contracts worth $2.4bn have been given to Chinese companies especially on roads and recently security cameras worth $120 million.
IFC, a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa.
Network and software company 128 Technology, has announced a commercial deployment of its 128T Session Smart Networking Platform with CMC Networks in South Africa.
The Turkish Exporters Assembly and Lagos Chamber of Commerce and Industry yesterday inked a memorandum of understanding at the Turkish-Nigeria Business Forum in Lagos, Nigeria's commercial capital.
The Government of Rwanda and One UN Rwanda have signed the second United Nations Development Assistance Plan for Rwanda 2018-2023 (UNDAPII)
Uganda has become the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the development partners.
The General managers of SITARAIL, Quentin Gerard, the Ivorian Refining Company, Thomas Camara and the Burkinabe National Hydrocarbons Company, Hilaire Kabore, have signed an agreement to develop the supply and transport of petroleum products.
Hospitals across the continent are confronted with challenges brought by technological disruption and increased demands.
Egypt and the United States have signed five bilateral assistance agreement amendments worth $45 million that demonstrate continued support from the American people for joint U.S.-Egypt priorities in health, education, governance, and agriculture.
When the sun sets in Ethiopia, eight out of 10 citizens must resort to unhealthy lighting sources for basic daily activities like cooking or studying.
Total has started up production of Kaombo, currently the biggest deep offshore development in Angola, located on Block 32, 260 kilometers off the coast of Luanda.
Africa (iA), a non-profit organisation, and Bayport Management Ltd have formed a partnership to help communities across Africa to improve their living conditions through access to clean water and lighting.
SunCulture, a Kenyan-based technology company and a provider of solar water pumps and irrigation solutions for small holder farmers, has closed an investment round with the EDF Group.
The Overseas Private Investment Corporation (OPIC) has provided a $5 million loan to Tugende Limited, which supports small business lending and expanded transportation in Uganda.
Mastercard and Entersekt have collaborated to enable Nedbank’s customers to make QR payments to Masterpass, Pay@, SnapScan, and Zapper merchants and billers through the Nedbank Money app.
Investments by the US in Kenya have in the past month increased rapidly, an indication of America’s renewed efforts to grow its financial and investment portfolio and influence in the East Africa nation amid intense rivalry from countries such as China.
Dubai has moved to further strengthen the emirate’s business and investment ties with Egypt, following meetings with a high-level Egyptian delegation.
The African Development Bank on Thursday signed a US$41-million grant agreement with Republic of Sudan to finance a public sector Agriculture Value Chain Development Project in the country.
DHL Global Forwarding and Ethiopian Airlines have signed a new agreement to form a joint venture company – DHL-Ethiopian Airlines Logistics Services Ltd., to build the Leading Cargo Logistics provider JV company in Africa.
Uganda has become the first African country to sign an agreement with the Regional Liquidity Support Facility, a joint initiative of the African Trade Insurance Agency, a Pan-African and multilateral guarantor and KfW with funding from German Ministry of Economic Cooperation and Development.
Barbadian and Moroccan officials have drafted a Memorandum of Understanding (MOU) on technical cooperation aimed at widening the areas in which both countries could collaborate.
In line with the Paris Agreement’s aim to strengthen global response to climate change, industry as a significant stakeholder in the planet’s future, must take a lead in effecting and normalizing clean energy use.
Energy Recovery, Inc. a company involved in pressure energy technology for industrial fluid flows, has announced a $3.3 million award to supply its PX® Pressure Exchanger® for a water project in Egypt.
Sappi Limited, a leading global producer of dissolving wood pulp headquartered in South Africa, has provided further details regarding capital investments at its Saiccor Mill in Umkomaas,
Lagos-based value airline start-up, Green Africa Airways has joined the Flight Safety Foundation.
The GSMA has announced the findings of its latest report, ‘Reforming mobile sector taxation in the Democratic Republic of the Congo (DRC): Enabling economic growth through a supportive tax system’.
By 2030, it is estimated that Africa’s urban food markets will be valued at US$1 trillion.
The African Development Bank has approved a US$20 million loan to the Uganda Development Bank Limited (UDBL), the first development finance institution established by the Government of Uganda in 1972.
Global trade enabler DP World has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali to build and operate a 1000-hectare modern logistics hub outside of Bamako.
Greenpeace Africa has published a report explaining how Singaporean based Halycon Agri and its Cameroonian subsidiary- Sudcam operate a sordid rubber plantation business in Cameroon.
Despite more than 80 per cent of the beef consumed in Kenya being produced by pastoralists according to a 2011 study, they still struggle with poor market prices and scarcity of fodder.
Trade between Africa and India rose more than 10-fold between 2001 and 2014, making India Africa’s fourth-largest national trading partner, according to a new report.
Living in northern Kenya’s Isiolo and Marsabit counties means facing frequent droughts and climate shocks and, for businesses, often facing isolation from financial services, like loans, and strong markets.
The Voice of America has officially opened its newest FM radio station in the Republic of Congo.
Andela, the company building high-performing engineering teams with Africa's most talented software developers, has launched a pan-African technology hub in its fourth African market: Kigali, Rwanda.
President Kagame has held bilateral talks with Indian Prime Minister Narendra Modi and his delegation. The Premier has been in Rwanda on a visit aimed to strengthen further bilateral ties between Rwanda and India.
Embraer and Kenya Airways have signed a multi-year contract for the Embraer Collaborative Inventory Planning (ECIP) program.
Latest survey data from Stanbic Bank Purchasing Managers’ Index™ signals a robust, albeit softer, improvement in business conditions across Kenya’s private sector in June.
Mastercard has partnered with Selcom to enable local businesses and merchants to accept interoperable digital payments, many for the first time.
58,500 smallholders in Ghana, Malawi, Uganda and Zambia will benefit from outgrower programmes backed by AgDevCo's Smallholder Development Unit , with farmer incomes set to collectively increase by $8.8 million per year.
Ms. Chileshe Kapwepwe has been appointed the new Common Market for Eastern and Southern Africa, COMESA,Secretary General.
Kenya’s President Uhuru Kenyatta and the Prime Minister of the Republic of South Korea Lee Nak-Yeon have held talks to enhance Korea’s role in Kenya’s economy and the achievement of the Big Four development agenda.
The World Bank Group has approved an investment package of $794.5 million for the Nachtigal Hydropower project in Cameroon, to help the country reach its goal of providing access to electricity for 88 percent of its people by 2022.
A consortium of development finance institutions and commercial lenders have announced completion of the refinancing of more than $400 million loans of Bujagali Energy Limited (BEL), aiming to help reduce electricity costs in Uganda.
Growthpoint Properties shares have begun trading on A2X as it became the first property company and tenth counter to join the exchange with its secondary listing. Growthpoint retains its primary listing on the JSE.
Universal Music Group (UMG), the global music-based entertainment company has announced a significant expansion of operations within Western Africa, with the launch of Universal Music Nigeria.