Investment holding company Fairfax Africa Holdings Corporation has invested in secured convertible bonds issued by Atlas Mara Limited and has separately agreed to provide bridge financing to Philafrica Foods Proprietary Limited.
Nigeria has stepped up its fight against cancer with the launch of its National Cancer Control Plan 2018-2022.
Increasing intra-African trade is essential for the growth and development of the continent, and so the recent signing of the African Continental Free Trade Area set to be the first continent-wide African trade agreement, is good news.
Agritech startup, Farmcrowdy, enables UK-based Nigerians to invest in poultry and local farms via mobile phones
UK-based Nigerians are investing in Nigeria’s booming agricultural sector from the comfort of their homes, thanks to one and half year-old, VC-backed agritech platform, Farmcrowdy.
Pharmaceutical company ViaDerma has entered into a $250,000 initial sales agreement with Vage Nigeria Ltd. a brand support company specializing in product sourcing.
Azuri Technologies, the first company to launch a complete pay-as-you-go solar TV package in Kenya, has announced a partnership with StarTimes to bring wider choice of content to its off-grid customers.
Angola and the National Geographic Society are preparing to sign, in the short term, a cooperation protocol in the biodiversity conservation segment.
HPS, a multinational company and provider of electronic payment solutions has increased its presence within Africa with a new office in Johannesburg, South Africa.
Swiss-Belhotel International signed has signed a management agreement with Zanzibar Crown Hotel and Resort Limited to operate the beautiful Swiss-Belresort Zanzibar expected to open for business in 2019.
Global designer of high men and women's apparel Perry Ellis International, Inc. has entered into a license agreement with Kennek FZE to source and distribute a full range of products under the Gotcha® brand.
The United Nations Secretary-General has appointed Bola Adesola of Nigeria, CEO of Standard Chartered Nigeria, and Paul Polman of the Netherlands, CEO of Unilever, to serve as the two Vice-Chairs of the Board of the United Nations Global Compact.
Pan-African banking group Ecobank, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge.Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions.
Entrepreneurs across Africa are using innovative design skills to create an international buzz.
As part of its West Africa expansion, connectivity and data centre solutions operator MainOne has secured a license to expand national and international connectivity services in Cote d’Ivoire.
Somaliland among the first beneficiaries of the 50 Clean Energy Projects initiative by ImpactPPA and Earth Day Network
Decentralized renewable energy company ImpactPPA and Earth Day Network have announced an initiative to install clean energy systems at 50 facilities by 2020.
The new XC40, Volvo’s first premium compact SUV, is now available in South Africa.
The South African Film and Television Industry continues to attract Foreign Direct Investment from Hollywood’s major studios and creating employment for the services sector despite the economic challenges that South Africa experiences.
Global refreshment brand Lipton and charity organization WE have partnered to empower 80,000 women in tea farming communities across Kenya by providing them access to financial and business skills training.
Earth Networks collaborate with Mozambique National Meteorology to create severe weather early warning system
Earth Networks has entered into a partnership with Instituto Nacional de Meteorologia de Moçambique to scale up live storm monitoring that will power life-saving weather forecasting.
U.S. manufacturer and innovator of mobile accessories Mobile Outfitters Africa has officially opened its first outlet in Africa at Mall of Africa, South Africa's largest shopping mall and home to over 300 shops, many of which are flagship stores.
The European Investment Bank (EIB), the EU Bank, and the International Monetary Fund (IMF) have signed a Letter of Understanding to pool their expertise and experience to promote sustainable economic development, financial stability and inclusive growth in Africa.
African Palm Corp., a US based organization with an interest in sustainable extraction, processing, and commercialization of products derived from African palm oil is set to launch operation in Guinea-Bissau.
African Development Bank and Asian Infrastructure Investment Bank sign agreement to promote cooperation
African Development Bank and Asian Infrastructure Investment Bank have signed a memorandum of understanding to enhance collaboration on sustainable economic development.
Emerging Africa Infrastructure Fund raises $385 million in new debt financing to drive five year business plan
The Emerging Africa Infrastructure Fund, EAIF, managed by Investec Asset Management has successfully completed its latest fundraising round, raising $385million in new long-term debt capital to invest in Africa.
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country.
Zimbabwe’s cryptocurrency exchange, Golix, has coordinated a partnership withBlockstarters, South Africa’s blockchain hub and incubator, in a move that will see the exchange tapping into a new highly economic active market.
UNECA launches campaign to have Central African states operationalize preferential tariff to ease trade
The United Nations Economic Commission for Africa is launching a campaign to have all countries of the Economic Community of Central African States operationalize the ECCAS Preferential Tariff one of the instruments for easing trade in the zone.
TradeMark East Africa and Northern Corridor Transit and Transport Coordination Authority ink $1 million deal to bolster trade
TradeMark East Africa (TMEA) and the Northern Corridor Transit and Transport Coordination Authority (NCTTCA) have signed a financing agreement worth US$ 1.05Million.
European Union Commissioner Mariya Gabriel has reiterated Europe’s commitment to help Africa build a single digital market, so that e-commerce can pave the way to better jobs and greater equality on the continent.
Federal Council of Switzerland adopts dispatches on double taxation agreements with Ecuador and Zambia
The Federal Council of Switzerland has adopted dispatches concerning a protocol of amendment to the double taxation agreement (DTA) with Ecuador and a new DTA with Zambia. Both dispatches were submitted to Parliament.
Sub Saharan Africa is increasingly becoming a mining hub as more countries in the region continue discovering lucrative resources and minerals that have catapulted them to international limelight while seeing numerous investors pitch tent.
Vodacom, in partnership with Microsoft have announced that they will be launching Microsoft Azure solutions available to customers in June.
The Chairman of the Algerian state company SONATRACH, Abdelmoumem Ould Kaddour, and the CEO of Eni, Claudio Descalzi, have signed a series of agreements aimed at strengthening the integration between the two companies.
The British High Commissioner to Cameron, H.E. Rowan Laxton, and Mr. Luc Maglire Mbarga Atangana, Cameroon’s Minister of Commerce have laid the foundation stone for the construction of the Douala Grand Mall and Business Park.
Association of German Chambers of Commerce and Industry opens Tanzania office to foster business relations
To promote and facilitate business relations between Germany and Tanzania, the Association of German Chambers of Commerce and Industry (DIHK) has opened an office in Dar es Salaam under the name of “AHK Services Eastern Africa Ltd.”
Kenya’s President Uhuru Kenyatta has assured UK investors that Kenya’s business environment is stable and conducive for investment.
AGCO partners with BHBW Zambia and Zambia National Commercial Bank to provide financial solutions in purchase of farm machinery
AGCO, a global manufacturer and distributor of agricultural equipment, has established a retail Finance Partnership to support Zambian farmers in the purchase of farm equipment.
[Tunisia] Islamic Development Bank approves $184 million for energy, healthcare and social integration projects
Islamic Development Bank’s Board of Executive Directors meeting has approved mega financing for different projects in Tunisia.
Canadian-based base mineral exploration and development company Sama Resources Inc. has closed its private placement with HPX Ivory Coast Holdings Inc., after receiving the required regulatory and shareholder approvals.
Etihad Airways, the national airline of the UAE, and Egyptian national airline EGYPTAIR, have announced a significant expansion of their successful codeshare partnership, widening their horizons to cover more destinations in Africa, North Asia and Australia.
Tango renews Oena mining license in South Africa for nine years, terminates Txapemba agreement in Angola
Tango Mining Limited has announced that its subsidiary, African Star Minerals Limited, has received confirmation from the Department of Mineral Resources, Republic of South Africa.
Currently, one of the most debated topics influencing innovation is digitization and its impact on the future of employment.
IBITX Software Inc. has announced its new African brand, AFRIBITx.com.
Global process oil demand is forecast to grow 1.4 per cent per year to 7.2 million metric tons in 2021.
Rwanda Revenue Authority andTradeMark East Africa have launched The Rwanda Trade Portal.
The European Union and UNCTAD have launched a four-year, $6.9m project aimed at helping Angola diversify its economy and reduce its dependence on oil, which accounts for a whopping 93% of total merchandise exports.
Access Bank Ghana has committed to issuing a sustainability report following the world-acclaimed Global Reporting Initiative, GRI, Sustainability Reporting Standards.
The Economic Commission for Africa will soon be partnering with the private sector to ensure the sector plays a role in delivering growth and prosperity in Africa.
Overseas Private Investment Corporation, AfDB and ALCB Fund sign loan agreement to support capital markets and high impact sectors in Africa
Overseas Private Investment Corporation (OPIC), the African Development Bank (AfDB) and ALCB Fund Board Members have signed a loan agreement to support high impact sectors in Africa focusing on housing, agriculture and SMEs.
The African Export-Import Bank and the Indonesia Eximbank have entered into an agreement to commit up to $100 million to support businesses and trade activities between Indonesia and African countries.
Trade Finance Operation inks $100 million soft commodity finance facility agreement with the Export Trading Group
The African Development Bank has signed a loan agreement for a soft commodity finance facility with the Export Trading Group.
Global digital money transfer service WorldRemit has joined forces with Diamond Trust Bank Kenya Limited (DTB) to further expand money transfer in the region.
Global digital money transfer service WorldRemit has joined forces with Diamond Trust Bank Kenya Limited (DTB) to further expand money transfer in the region.
Uganda secures a $4 million oil refinery deal, following African Legal Support Facility intervention
With the support of the African Legal Support Facility (ALSF), the Government of Uganda has successfully signed an agreement with a consortium of American and Italian firms to finance and construct a $4-billion refinery in the country’s Hoima district.
Safaricom’s M-PESA service has scored another feat after successfully passing the GSMA Mobile Money Certification, a global initiative that defines and promotes excellence in the provision of mobile money services.
Ghana’s steady socio-economic development has made it one of Africa’s fastest growing success stories, but in order to compete with the world’s strongest nations more investment in energy infrastructure and skills development is required.
Ghana’s steady socio-economic development over the past few years has made it one of Africa’s fastest growing success stories, but to compete with the world’s strongest nations more investment in energy infrastructure and skills development is required.
“Acacia continued to demonstrate resilient operating performance and delivered solid production of 120,981 ounces of gold in the first quarter across the Group, which sets us in good stead to deliver against our full year guidance of 435,000-475,000 ounces.”
AfDB’s Trade Finance Operation signs $100m soft commodity finance facility agreement with the Export Trading Group
The African Development Bank has signed a loan agreement for a soft commodity finance facility (SCFF) with the Export Trading Group (ETC).
COMESA, through its specialized agency the Alliance for Commodity Trade in Eastern and Southern Africa (ACTESA) has facilitated the launch of the regional Seed Trade Harmonisation Implementation Plan (COMSHIP) in Eritrea.
SDX Energy Inc., the North Africa focused oil and gas company, has discovered gas at its Ibn Yunus-1X exploration well at South Disouq, Egypt.
Egypt’s non-oil exports recorded $3.8 billion in the first two months of 2018, with an increase of $500 million, compared to $3.3 billion in the same months of 2017, according to General Organization for Export and Import Control.
Governors of Central Banks and representatives from eleven COMESA countries have reiterated that achieving monetary integration is possible and it will be enabled if Member countries have larger and deeper financial markets.
More strategic investment in Africa’s ports can accelerate growth and development by strengthening trade – PwC report
Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value.
Fidor, a provider of digital banking services, has signed a Memorandum of Understanding with the IFC (International Finance Corporation) to identify opportunities to expand digital banking services in Africa and Latin America to boost financial inclusion.
The African Export-Import Bank (Afreximbank) and the Indonesia Eximbank yesterday in Bali, Indonesia, entered into an agreement to commit up to $100 million to support businesses and trade activities between Indonesia and African countries.
Ethiopian Airlines is championing regional integration through its flights to over 50 destinations on the continent, Executive director of United Nations Economic Commission for Africa, UNECA, Vera Songwe has said.
In a further move to optimize its service offering, DPO Group, Direct Pay Online, will be rolling up its Southern African payment service providers (PSP’s) group into the consolidated brand of DPO PayGate.
Fund for African Private Sector Assistance approves three projects to spur SME development in Africa
Donors to the Fund for African Private Sector Assistance, consisting of the African Development Bank, the Government of Japan and the Government of Austria, have approved three catalytic projects to stimulate the growth of Africa’s small and medium enterprises.
ONEm Communications is bringing internet-like services to millions of people without the internet. On any ordinary mobile, users can engage in group communication with each other like people do on the internet.
Jackie Macharia, a 26-year-old software developer based in Nairobi, works for a company headquartered in London that sets up solar panels in India.
RwandAir and Question Coffee have announced a ground breaking partnership to serve Rwandan specialty coffee on all of RwandAir flights with over 2 million cups to be offered in the next 2 years.
Road accidents remain a major challenge to Morocco’s human, social and economic development, causing more than 3,000 fatalities per year.
TradeMark East Africa and Central Corridor Transit Transport Facilitation Agency sign financing agreement
TradeMark East Africa, TMEA and the Central Corridor Transit Transport Facilitation Agency, CCTTFA, have signed a financing agreement geared towards strengthening and enhancing the Central Corridor Transport Observatory, CCTO.
Changemaker International and Capacity Africa have organized a trade mission for Kenyan agribusiness stakeholders to Netherlands to study innovative food production systems and agricultural export models.
International tax and legal company Andersen Global has announced the debut of the Andersen name in Kenya as Nexus Business Advisory Limited, a tax and business advisory firm based in Nairobi, becomes a full member firm of Andersen Global.
Telecommunication company MTN has announced its collaboration with Ecobank to offer more value to their respective customers by expanding the scope of their partnership, enabling both companies to leverage each other’s assets.
The Africa Channel and Côte Ouest have announced they have signed a broad-ranging strategic alliance in which the parties will jointly pursue distribution, licensing and production opportunities across the globe.
Alta Semper, a private equity manager investing flexible and strategic capital across select African growth markets, has announced a partnership with Nigeria’s leading retail pharmacy chain HealthPlus.
EU supports South Africa to boost job creation, small business development and improved governance with €62 million package
Commissioner for International Cooperation and Development, Neven Mimica on his official visit to South Africa, met the Minister of Finance, Mr Nhlanhla Nene, and the Minister for Small Business Development, Ms Lindiwe Zulu.
Vodacom Business Nigeria and Intelsat sign agreement to expand broadband connectivity throughout West Africa
Intelsat S.A, has announced that Vodacom Business Nigeria has signed an agreement for satellite services to expand its enterprise broadband networks and enable new and enhanced services throughout West Africa.
BBOXX and Lendahand Ethex launch annual £2.5 million crowdfunding initiative to provide families in Rwanda, Togo and Nigeria with affordable solar energy
Lendahand Ethex, an online positive impact investing platform and BBOXX, a next generation utility, have announced the start of a new Energise Africa partnership accessing for the first time, flexible finance from the UK crowd.
Liquid Telecom Kenya, part of the pan-African telecoms group Liquid Telecom, is delivering free ‘gamer-quality’ internet connection for the Pro Series Gaming tournament in Nairobi, which is offering East Africa’s largest gaming prizes yet of $10,000.
Seychelles Secretary of State for Foreign Affairs, Ambassador Barry Faure speaking from the capital of Mozambique has said that the two countries had agreed to boost their bilateral cooperation as they share many similarities
Ministry of Housing, Royal Institute of British Architects and Zambia Institute of Architects partner to promote local architecture
An agreement has been signed between Zambia’s Ministry of Housing and Infrastructure, the Royal Institute of British Architects of the United Kingdom and the Zambia Institute of Architects in the field of Architecture, the built environment and urban development.
Seabased has been contracted by TC’s Energy, a Ghanaian renewable energy production company, to deliver a wave energy plant near Ada, Ghana.
JICA signs $27 million deal with Ethiopia for construction of TICAD Human Resource Development Center for Business and Industry
The Japan International Cooperation Agency (JICA) has signed a grant agreement with the Government of Ethiopia to provide grant aid of up to $27 million, for the Construction of TICAD Human Resource Development Center for Business and Industry.
According to a recent report, Resourceful dealmaking: Outlook for M&A in Africa, there has been a dramatic fall in M&A activity, with declines of 25% in volume and 26% in value in the first half of 2017, compared with a relatively buoyant 2016.
Safaricom, PayPal and TransferTo have announced a collaboration on a new service that will allow movement of funds between M-PESA and PayPal accounts, a huge boost to international eCommerce.
The Government of Rwanda and Government of Japan has signed a financing agreement worth $68 million for the Ngoma-Ramiro road upgrading project.
The Attijariwafa Bank group signed a Memorandum of Understanding (MoU) with the Egyptian Exporters Association (Expolink) to cooperate in boosting Egypt’s exports to Africa.
The Association of African Exhibition Organisers has signed a strategic agreement with its Italian counterpart, the Italian Exhibition and Trade Fair Association, to support bilateral growth and collaboration.
Air France has become part of the joint venture between KLM Royal Dutch Airlines and the Kenya Airways, a Skyteam partner that has been in existence since 1995
The Magnifi TV sync platform was launched in South Africa towards the middle of 2017 in a partnership with Mobilclicks, a leading mobile media company and its technology partner Silverpush.
EFG Hermes, a financial services corporation serving MENA and frontier emerging markets, says that its subsidiary, EFG Hermes Factoring, has received a license to offer factoring services in the Egyptian market.
Scatec Solar ASA and partners have signed project documents and are now expected to achieve financial close for three solar PV plants in South Africa totaling 258 MW.
African Development Bank provides $11.23 million to Madagascar for energy, agriculture and pest control
The Government of Madagascar and the African Development Bank Group (AfDB) have signed five project financing agreements in Antananarivo, for an approximately $11.23 million.
Tola Mobile has positioned itself as a one stop shop for merchants to connect with different types of mobile wallets, offering an easy process to take payments from across several markets and industries.
Driving Trade, Unleashing Investment and Enhancing Economic Development
National carrier, Kenya Airways and WheelTug plc, the aircraft e-taxi innovator, have executed a slot agreement for the airline’s fleet of Boeing 737NG aircraft.