IFC, a member of the World Bank Group, TLcom, and the Global Agriculture and Food Security Program (GAFSP) have announced a $10 million investment in Twiga Foods.
Air Products global industrial gas company, and Sonatrach, the largest state-owned oil and gas company in Africa, have signed two gas production and delivery agreements.
The Chartered Institute for Securities & Investment (CISI) has partnered with The Nigerian Stock Exchange (NSE) to provide training for CISI’s qualifications in Nigeria.
Cloudleaf, Inc., has partnered with Bahwan CyberTek (BCT) to expand Cloudleaf’s Digital Supply Chain and Edge Solutions in North African.
Botswana’s national carrier Air Botswana has acquired its first ATR 72-600.
Intertrust has partnered with moTV, a provider of a complete OTT/IPTV/HYBRID platform, to bring a complete solution for the African market.
OFID – the OPEC Fund for International Development – has signed a $50 million unfunded risk sharing agreement with Natixis., part of Groupe BPCE, France’s second-largest banking group.
American multinational package delivery and supply chain management company UPS has announced the addition of 14 new countries among them Nigeria served by UPS Worldwide Express.
Volkswagen Commercial Vehicles has introduced a 1.0 TSI model derivative of the hugely popular Caddy in South Africa.
South Africans with internet connections lead the world in expectations for constant connection both at and away from home.
The Director-General of the dti Mr Lionel October said that a key priority of government is to encourage new investment in the economy in order to create jobs that will significantly reduce the levels of unemployment in the country.
Representatives and experts of UN bodies, ECCAS General Secretariat and CEMAC Commission are set to meet in Gabon this month to re calibrate their efforts at delivering support for the sustainable development in Central Africa.
The President of the European Commission, Jean-Claude Juncker, and the President of Burkina Faso, Roch Marc Christian Kaboré, have strengthened the cooperation and partnership between the two countries.
Standard Bank Group ordinary shares, Standard Bank Group second preference shares and South African fast-moving consumer goods group AVI shares begin trading on A2X today.
Ghana has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page.
Burkinabe cashew processor Anatrans has welcomed social impact investor Oikocredit as a new shareholder, in a transaction that saw Dutch headquartered Oikocredit make a € 2 million investment in Anatrans.
African countries have been pushing for an open skies agreement to make intra Africa trade and movement cheaper and faster.
Multinational telecoms company Angola Cables has signed a Memorandum of Understanding with Broadband Infraco.
The African Export-Import Bank (Afreximbank) has launched a project preparation facility aimed at increasing the availability of viable well-prepared projects in Africa.
South Africa’s largest third party administrator Curo is set to will migrate more than 3,000 funds from its five legacy fund accounting platforms to a single instance of Temenos’ Multifonds Global Accounting platform.
Digital technology will have a critical part to play in boosting Djibouti’s socio-economic development.
Global port operator DP World and the government of Rwanda have setup a state-of-the-art logistics hub, located 20 kilometers from the capital city Kigali.
IT multinational HP and Ugandan authorities have conducted a highly successful operation to halt the trade of counterfeit HP branded print cartridges in in the Kampala area.
Telecommunication company Orange has partnered with KaiOS Technologies to democratize access to digital services in Africa.
The African Development Bank has unveiled the Africa Energy Portal, AEP, a platform that will consolidate, validate, and disseminate energy data and insights across Africa’s energy value chain.
Leading national carrier, Kenya Airways will expand its footprint to the Horn of Africa with the commencement of daily operations to Mogadishu, Somalia with effect from 15 November 2018.
RENEW and members of the Impact Angel Network (IAN) have closed an investment in ET Fresh, LLC.
Ethiopian Cargo & Logistics Services has taken delivery of its eighth B777 freighter aircraft in its cargo fleet family at its home base at Bole International Airport.
An increasing number of mergers and acquisition transactions may be stalling because of concerns over GDPR compliance, according to a survey of EMEA M&A professionals.
The South African companies that were exhibiting at the 1st China International Import Expo (CIIE) in Shanghai China last week said that there are business opportunities for South African companies in China.
Intelsat S.A., has announced that Vodacom Mozambique has signed an agreement for a satellite solution that will provide 3G services that uniquely satisfy the growing data demand generated by the tourism sector.
The African Export-Import Bank has signed an agreement granting an EUR 30 million revolving trade financing facility to CDC Gabon to support operations of the tenants of the Gabon Special Economic Zone.
Global Reporting Initiative has appointed Bekeme Olowola, Founderof CSR-in-Action in Nigeria, as a member of its Board of Directors, where she will be joining a leading caste of global sustainability professionals.
Ecobank and the International Federation of Red Cross and Red Crescent Societies (IFRC) have signed an agreement to work closely together to empower local communities to cope with disasters more efficiently.
A group of South African business people is in Germany on an Outward Selling Mission to seek sub-contracting opportunities from the German and European multinationals.
The African Financial Alliance on Climate Change (AFAC) unveiled its guiding principles at the recently concluded Africa Investment Forum.
The Overseas Private Investment Corporation (OPIC) and Africell Holdings Limited have signed a commitment letter for $100 million to expand access to telecommunications in Africa.
Kenyan innovation hub and tech accelerator iHub is partnering with Raise, a Bahamian and Kenyan technology company that has developed a company ownership platform to manage compliant digital securities in frontier markets.
IFC, a member of the World Bank Group, in partnership with the Government of Cameroon, and EDF have signed a set of agreements that will lead to the construction of the Nachtigal hydroelectric plant.
The Arab Bank for Economic Development in Africa (BADEA) has acquired an equity stake in the Eastern and Southern African Trade and Development Bank, formerly known as PTA.
The African Export-Import Bank and CDC Group have, in Casablanca Morocco, signed a $100-million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme.
The Board of Directors of the African Development Bank Group has approved a $ 50 million Risk Participation Agreement (RPA) for Natixis.
The Malawi Bureau of Standards has obtained the accreditation of its testing laboratories through the technical assistance provided by UNIDO and UNDP.
In the recent years, South Africa has continued to prove that it is one of the most diverse and promising emerging markets in Africa. The country has become a key global hub for investment, innovation and research.
Africa50, the pan-African infrastructure investment platform, has signed an agreement with Rwanda to develop and finance a “Digital Innovation Precinct”, including commercial and retail complexes, as part of Kigali Innovation City.
The Eastern and Southern African Trade and Development Bank (TDB) and USAID’s Power Africa initiative have signed a memorandum of understanding that will finance power projects in 22 African countries.
The U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors has approved the new five-year $550 million Senegal Power Compact.
Séché Environnement has announced its intention to acquire, through its wholly owned South African subsidiary Séché South Africa Proprietary Limited, 100% of the shares in Interwaste Holdings Limited.
TechnipFMC has signed an Engineering, Procurement, and Construction (EPC) contract with Middle East Oil Refinery (MIDOR) for the modernization of existing complex near Alexandria, Egypt
Navis, a provider of operational technologies and services across the shipping supply chain has announced that Société de Gestion du Terminal à Conteneurs de Doraleh has implemented the N4 terminal operating system at its facility.
PCI Pal, the secure payment solutions provider to contact centres, has signed its first South African reseller contract with telecommunications and customer engagement solutions company, Ninzi-Connect.
Panoro Tunisia Exploration has signed a Heads of Terms with Tunisian state-owned drilling contractor, for the use of the CTF-4, a 2,000-horsepower onshore rig.
Global information services company Experian has launched a new analytics solution across Africa, Middle East and Europe regions.
A consortium led by Vitol has entered into a Share Purchase Agreement to acquire a 50 per cent ownership interest in Petrobras Oil and Gas.
As Kenya continues to cement its position as East Africa’s economic powerhouse, it has been on a charm offensive targeting African and global public and private players.
Rwanda Development Board, TradeMark East Africa sign $2.4 million deal to build local business capacity
The Rwanda Development Board (RDB) and TradeMark East Africa (TMEA) have signed an agreement that aims to help build the capacity of Rwandan businesses to tap into international and regional markets.
Temenos, the banking software company has announced the launch of its South African "Bank of the Future" Think-Tank.
London based software technology company Fiskl has partnered with Vodacom Group to introduce a host of mobile and digital technology solutions to South Africa's small businesses.
Oil marketer Kenol Kobil has acquired 33 service station from each of Delta Petroleum Uganda and Rwanda by asset sale.
The Government of Rwanda and the World Bank Group have signed a $20 million credit agreement to improve budget reliability and control of funds for service delivery, enhance budget transparency.
Spanish fashion retailer Zara has launched online sales through a dedicated worldwide online platform bringing its fashions to customers in 106 new markets.
The Minister of Trade and Industry, Dr Rob Davies, says foreign investment if targeted and nurtured can drive economic growth and in turn contribute to much needed job creation and economic inclusion for all.
Kingsland University has announced its partnership with Legacy Capital to deliver Kingsland's internationally recognized Blockchain Developer courses in Mauritius.
Greenpeace Africa has blown the whistle on the Republic of Congo's most recent greenwashing campaign by exposing its plans to tender three oil blocks in the heart of newly-discovered peatlands.
The Board of Directors of the African Development Bank Group has approved a €117 million loan to finance a Project to Ensure the Sustainability and Security of Access to Drinking Water in Morocco.
Few issues are as emotional as human migration. Images of desperate people on the move – whether trying to cross the US-Mexico border or packed onto rickety boats crossing the Mediterranean Sea have captured world attention.
Israel has committed $300 million to finance agricultural projects in Angola, its ambassador Oren Rozenblat announced in the municipality of Tomboco, Zaire province.
The President of the Commission of the Economic Community of West African States (ECOWAS) Jean-Claude Kassi Brou has restated the commitment of the Commission to strengthening regional Customs union and an infrastructural upgrade that can sustain the renewed integration efforts within the community.
Telecommunication company Safaricom has launched M-PESA Global a new and revolutionary service that opens up M-PESA to the world.
The ECA Office for North Africa has launched the first Report on SDG implementation in Maghreb countries.
SADC Executive Secretary, Dr. Stergomena Lawrence Tax received letters of credence from H.E. Mr. Jan Sadek, Ambassador Extraordinary and Plenipotentiary of the Delegation of the European Union to Botswana at the SADC Secretariat Head Office in Gaborone, Botswana.
Food and drink company Nestlé has partnered with early education social enterprise Tembo Education to deliver customized, nutrition-based curriculums to families across Kenya, through SMS and WhatsApp messages.
Kenyans travelling to South Africa will now be issued with multiple entry visas valid for up to 10 years following South Africa’s decision to remove short term Visas requirements for Kenyans.
The Cuban Chamber of Commerce has expressed its willingness to assist South African companies and investors who are willing to trade and invest in different sectors of the economy.
DHL Global Forwarding, the international provider of air, sea and road freight services, has started a partnership with My Dream Now, a Swedish non-profit social enterprise that provides mentorship programs to school children and youth from lower-income backgrounds.
The African Development Bank (AfDB) has approved a sovereign loan of US$229.5 million to the Republic of Uganda to finance phase one of the Kampala-Jinja Expressway project.
The world’s largest producer of silk, Guangdong Silk-Tex Group, has announced its plans to set up shop in Kenya.
The number of enterprises have doubled in the village of Gitaraga, Rwanda, since MeshPower’s solar mini-grid was set up last May.
BEAM, the investment platform created by Bamboo Capital Partners has announced a partnership with BBOXX and EDF to bring greater access to clean, reliable and affordable energy in Togo, powering economic growth and transforming lives.
The World Bank has approved a $35 million International Development Association credit for the Ghana Public Sector Reform for Results Project to improve efficiency and accountability in the delivery of public services.
Kenya’s President Uhuru Kenyatta has asked China to give preferential treatment to goods from Africa as it continues opening up its vast market to the rest of the world.
Centurion Law Group, a pan-African law conglomerate, now offers the cost savings and efficiency of flexible legal services through its acquisition of IMANI-African Lawyers On Demand.
International real estate investor and developer, Arthur Mackenzy Properties Group (AMPG), is eyeing development opportunities in Nigeria in association with local government bodies and businesses.
The Technical University of Munich (TUM) and Kwame Nkrumah University of Science and Technology (KNUST) in Ghana will become partners in innovation and sustainable development.
Millennium Challenge Corporation Vice President, General Counsel and Board Secretary Jeanne Hauch has marked the closeout of the MCC Malawi Compact at a ceremony to commemorate the official hand-over.
RensourceEnergy, a Lagos-based distributed energy services company has announced an investment of an undisclosed amount in its first microutility project Sabon Gari Energy by Paris-based NEoT Offgrid Africa.
Cryptocurrency has become especially popular over the last few years, as this is one of the ways of additional, and for some people an even primary source of income.
Rwandan President Paul Kagame and Alibaba Group Executive Chairman Jack Ma have witnessed the signing of three Memoranda of Understanding between the Rwandan Government and Alibaba establishing an lectronic world trade platform hub in Rwanda.
The Government of Sierra Leone, in collaboration with the World Bank, has launched the second phase of the Extractive Industries Technical Assistance Project to support the artisanal mining sector in the country.
AfriLabs, the pan-african network of 123 technology and innovation centers across 34 African countries has concluded a partnership with Jokkolabs.
The Democratic Republic of Congo government has indicated its support for the 50 Million African Women Speak project which has now officially been launched in the country.
The Republic of Seychelles has launched the world’s first sovereign blue bond—a pioneering financial instrument designed to support sustainable marine and fisheries projects.
Global Voice Group (GVG) has announced the launch of a Common Platform (CP).
The African Union Advisory Board on Corruption and Transparency International have signed a Memorandum of Understanding (MOU) on cooperation commitment to the fight against corruption.
Etisalat Misr and MediaTek have announced the commercial launch of next generation voice & video calling technologies - VoLTE & ViLTE - for the first time in the Middle East and Africa regions.
Analysis of trade misinvoicing in Nigeria in 2014 shows that the potential loss of revenue to the government was approximately $2.2 billion for the year, according to a new study by Global Financial Integrity.
Greenlight Planet, the global player in solar home energy products has completed a shipment of an order of 50,000 Sun King™ Home Systems for Ignite Rwanda project.
Malawi is the latest beneficiary of two regional integration projects expected to spur the leather and textile industry in the country. These are: a state of the art Leather Design Studio and a Garments and Textiles Incubation Center.
South Africa and Germany are poised to strengthen bilateral relations and to work together closely in pursuit of African development and global peace and security.
Rwanda Revenue Authority (RRA) and TradeMark East Africa (TMEA) has signed a financing agreement worth $1.57 Million. This marks the start of the second phase of the Rwanda Electronic Single Window (RESW).