The government of Sierra Leone has chosen Agrotop, a global player in livestock turnkey projects to construct a large-scale layer and pullets farm at an investment of $60 million.
Secretary of State of Foreign Affairs, Ambassador Barry Faure, and Principal Secretary of Trade, Ms. Cillia Mangroo, have concluded a two-day official mission in Curacao geared specifically towards concluding an Administrative Cooperation Agreement.
The Government of Rwanda and Japan International cooperation Agency (JICA) have signed a financing agreement worth $ 24 million to support the third phase of rehabilitation of substations and electricity distribution network.
The World Bank Group’s Board of Executive Directors has approved a $45 million International Development Association grant to support the second phase of the Government of Mozambique’s Conservation Areas for Biodiversity and Development Project.
Southern African countries need to collaborate more in their quest to exploit opportunities presented by the blue economy, a ministerial high level roundtable agreed.
The Nigerian National Petroleum Corporation has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018.
The Angolan and Portuguese Governments has signed a convention in Luanda to end double taxation on income taxes and prevent fraud and tax evasion between the two countries.
The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana and the Ambassador of the Federal Republic of Germany to Rwanda Dr. Peter Woeste, have signed a financing agreement worth €42 million.
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $1 million grant to Independent Power Producers in Angola to encourage private investment in renewable energy.
Latency, the tiny time delay when a data stream has to travel thousands of kilometers between computers on different continents, is regarded as the enemy of the digital economy.
The United States Environmental Protection Agency (USEPA) has launched an initiative to strengthen air quality management in Addis Ababa.
President Uhuru Kenyatta has said Kenya is keen on promoting more partnerships between the public and private sectors in order to spur more growth in the country.
Caledonia Mining Corporation Plc has announced an upgrade to the resource base at its 49 per cent owned subsidiary, the Blanket Mine in Zimbabwe.
“Financing industrialization is not only about chasing money,” Antonio Pedro, Director of the ECA Subregional Office for Central Africa has said.
This week, the ever aggressive South African business world has seen two major companies, Vivo energy and Naspers all set to list on Johannesburg Stock Exchange (JSE).
Mergers, expansions, partnerships, taxation controversy and delays at major installations have dominated Kenya’s headlines this week.
Vodacom Eastern Cape region has embarked on a crucial network investment drive in that province and has already invested R300 million, about $21 million, over the past three years to ramp up network investment in deep rural areas of the Eastern Cape.
The International Trade Centre (ITC) and Huawei Technologies have launched a new study, ‘Faster Customs, Faster Trade Using Technology for Trade Facilitation’ which explores the interplay between international trade in information and communication technology solutions.
Moneytrans and Remitly, the largest independent digital remittance company in North America, have entered into a global co-operation agreement.
S&W Seed Company has created a joint venture with Canadian-based AGT Food and Ingredients subsidiary, AGT Foods Africa Ltd, to form a new company registered in South Africa.
The African Export-Import Bank (Afreximbank) and the National Bank for Foreign Economic Activity (NBU) of Uzbekistan have entered into a cooperation to strengthen economic relations between African countries and Uzbekistan.
Solar energy company Fenix International, part of global energy group ENGIE, is establishing its global headquarters in Uganda and moving its engineering and technology development centre from San Francisco to Uganda.
The Department of Trade and Industry of South Africa, UNIDO and the Swiss State Secretariat for Economic Affairs have signed a €1.38 million project to support South Africa improve the international competitiveness of indigenous essential and vegetable oils.
Alibaba Cloud, the cloud-computing arm of Alibaba Group, and Kenya's Ministry of Tourism and Wildlife have agreed to explore a strategic collaboration to deploy Alibaba Cloud’s technology to support the Kenya Wildlife Protection Project.
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.
Global engineering and infrastructure advisory company Aurecon has appointed Blanché Hanstein as the new Office Manager of its Windhoek Office in Namibia.
TE SubCom, a TE Connectivity Ltd company and an industry pioneer in undersea communications technology has secured a contract from connectivity and data center solutions provider, MainOne.
Marsh has provided a $95 million innovative bank surety solution to Yapı Merkezi Construction and Industry Inc., to support the construction of a new high-speed electric railway line in Tanzania.
The African Development Bank, rated triple AAA by the international rating agencies Moody's, S & P and Fitch, has proceeded with a new benchmark bond of $ 2 billion to five years, which will expire on September 20, 2023.
MallforAfrica (MFA), Africa's largest e-commerce platform, has announced its customers will now be able to purchase products from the most sought-after Chinese brands.
International digital money transfer service WorldRemit has partnered with Access Bank for instant money transfers to Access Bank accounts in Nigeria.
The Economic Commission for Africa is fully committed to supporting the African Union, Regional Economic Communities (RECs) and member States to ensure that the untapped potentials of the continent’s blue economy are fully realized.
Norwegian fintech company Blockbonds has announced that in addition to the current features, users will now be able to purchase airtime in Rwanda directly from the SPENN app.
NETSOL Technologies, Inc., a global business services and enterprise application solutions provider, has successfully implemented its NFS Ascent Contract Management System (CMS) in South Africa for a leading German auto captive.
Trade Mark East Africa, TMEA, and COMESA have opened a new chapter of cooperation on regional integration programmes following a high-level meeting between the parties, held in Lusaka.
Distributed Power business has announced that U.K.-based Clarke Energy has been selected to supply four of GE’s J320 Jenbacher gas engines for a trigeneration plant that will provide the mosque with reliable, efficient and lower-carbon power, heating and cooling.
The African Export-Import Bank has closed a Korea-focused $150 million club facility which has Shinhan Bank as coordinator and lender.
TAAG Angola airline and Portuguese TAP are preparing to increase weekly flights between Luanda and Lisbon, based on an agreement on air transport agreement between Angola and Portugal.
Block Commodities Limited, the innovative commodity trader operating in Africa has entered into a strategic partnership with Pure Grow Africa Limited supplier of high-quality agricultural produce based in Uganda.
Absa, one of Africa’s largest diversified financial services groups, has launched its UK office.
Ethiopian Airlines has partnered with CellPoint Mobile to accept payments via Alipay – China's leading alternative payment method (APM), in the mobile app of Ethiopian Airlines.
Africa50 shareholders have approved the expansion of the Board of Directors to include at least half independent directors.
Global currency wallet and exchange Abra has added super-private cryptocurrency Monero to its platform in a move it says is aimed directly at helping emerging economies - including Africa - drive a revolution in global financial inclusion
Egypt has seen a two percent drop in its software piracy rate to reach 59 per cent, the U.S.-based Business Software Alliance said in its recent study, released last June.
World Capacity builders, a British Colombian company, and ImpalaPay Limited a Fintech operating in Kenya recently signed an MOU and are officially strategic partners.
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
Global alternative asset manager The Carlyle Group has completed the acquisition of a majority stake in AK Life Sciences, Abacus, a pharmaceutical company in East Africa.
The South African business delegation that will take part in the World Food Moscow is in Russia to seek export opportunities in the local agro-processing market.
Telecom Egypt has announced the conclusion of the acquisition of Middle East and North Africa Submarine Cable, MENA Cable, from Orascom Investment Holding.
Algeria’s national police force, has implemented STACS-CW Enterprise sample tracking and quality control software at their forensic DNA laboratory in Algiers.
Boeing and Air Peace of Nigeria have announced a new order for ten 737 MAX 8 airplanes during a signing ceremony in Lagos.
Global telecommunication firm VueTel has announced it that plans to continue its $1.2 million investment to expand its wholesale voice and data services to help U.S. companies better connect with African countries.
Philips Africa has announced the introduction of Lumify, its first App-Based ultrasound system that will extend the reach of ultrasound applications to a broader network of healthcare providers using mobile technology.
Telecommunication company Orange and MainOne Cable Company have signed an agreement allowing for a major investment by Orange in the West Africa submarine cable system, MainOne.
International money transfer company, MoneyGram and Zeepay, a mobile financial services company, have unveiled a new partnership that enables customers around the world to send money directly to more than 11 million mobile wallets in Ghana.
The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank’s strategies to create jobs and raise household incomes.
As urban population hits unprecedented highs putting pressure on key amenities like housing, transport water and sanitation experts are mulling new and innovative ways to create smarter inclusive and sustainable cities.
UK Aid is set to invest £1.6 million of capital into Energise Africa to improve access to energy across sub-Saharan Africa and improve the lives of over 11 million people, while boosting UK business opportunities.
Vivo Energy plc, a pan-African retailer and marketer of Shell-branded fuels and lubricants, has announced that Vivo Energy will be included as a constituent of the FTSE 250 Index and the JSE All Share Index later this month.
The African Development Bank has created and refined a new tool to diagnose fragility in countries, taking into account their capacities and pressures they may be under.
Clear Blue Technologies International Inc, the Smart Off-Grid™ company, has announced that it has fulfilled an initial contract worth approximately $850,000 for a new street light project in Nigeria.
As African economies continues to develop, trade plays a vital role in raising living standards and improving the lives of their citizens.
Counterpart International is pleased to announce the appointment of Mutale Chilangwa as Regional Director of the Africa portfolio. Mutale brings to Counterpart more than 23 years of international development experience in economic, trade, food security, and governance issues facing both the private and public sectors.
The Alliance for a Green Revolution in Africa (AGRA) has signed a memorandum of understanding with Tel Aviv-based NGO, Start-Up Nation Central (SNC), which will see farmers get extensive material and technical support.
A new study led by University of Maryland (UMD) scientists conducted novel climate and vegetation model experiments to show that wind and solar farms could lead to a doubling of rainfall in the Sahara.
Sygnia shares begin trading on A2X today under share code SYG. Sygnia is the eleventh issuer to secondary list on the exchange. Sygnia retains its primary listing on the JSE.
Renew, a private equity impact investing firm, has announced expansion into its second African country, Uganda.
Raven Property Group Limited has listed on the Johannesburg Stock Exchange (JSE) Main Board.
Pay-go energy company Fenix International, part of global utility Engie, has reached 30,000 Zambian households just 9 months after expanding into the country in partnership with telecom MTN.
The average quality of policies and institutions in Sub-Saharan Africa was broadly unchanged in 2017, according to the latest review by the World Bank.
The first training module of UNCTAD’s trade facilitation empowerment programme, which helps governments put in place the reforms necessary to make trade easier, cheaper and faster, has been completed
Convergys Corporation, a global player in Customer Management Outsourcing, is one of the largest and expanding BPO companies in Egypt.
The Africa and Middle East personal computing devices market, which is made up of desktops, notebooks, workstations, and tablets, declined 7.7% year on year in Q2 2018, according to the latest insights from International Data Corporation (IDC).
COMESA and the International Trade Center (ITC) have officially launched a Co-delegation agreement for the implementation of the Cross-Border Trade Initiative Programme funded under the European Union Development Fund.
The Board of Directors of the African Development Bank has approved a partial credit guarantee for the Republic of Senegal to help hedge currency risk arising from Eurobonds.
The Nordic Investment Bank (NIB) and the African Export-Import Bank (Afreximbank) have signed a 10-year loan programme of € 100 million to finance various infrastructure projects in African countries.
Botswana President Mokgweetsi Masisi said his government is confident that it will establish a lucrative beef market with the People’s Republic of China.
Yahsat, a global satellite operator based in the United Arab Emirates and Hughes Network Systems (HUGHES) have partnered to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia.
The UN Economic Commission for Africa (ECA) and the Government of Chad are convening government representatives and experts in various development fields from across Central Africa and around the world, to debate and propose a harmonized strategy of unlocking finances for industrializing the economies of Central Africa.
The International Islamic Trade Finance Corporation (ITFC) has signed two new Agreements between with the Government of the Arab Republic of Egypt.
The Board of Directors of the African Development Bank has approved a $ 15 million equity investment in Verod Capital Growth Fund III that will make investments in high growth middle market companies in Anglophone West Africa.
The Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong, congratulated the Government of Hunan province for its continuous efforts to promote investment in Africa under the Chinese Government’s Belt and Road Initiative.
NIC Bank Kenya PLC has announced that it has successfully transformed multiple banking processes, using Newgen's Business Process Management based banking solutions.
Global Sports Commerce (GSC), one of the world's largest sports, technology and management companies, has acquired a strategic stake in South African-based company Megapro Holdings.
The Nigerian National Petroleum Corporation has signed a Memorandum of Understanding in China with the China National Offshore Oil Corporation towards developing Nigeria’s oilfield services.
China Development Bank has, signed an agreement providing a $500-million facility to the African Export-Import Bank to enable the African trade finance bank support trade enabling infrastructure projects across the continent.
The Federal Government of Somalia and the World Bank have launched the flagship infrastructure project in Somalia.
Vantage Capital, Africa’s largest mezzanine debt fund manager, has announced that it has fully exited its investment in New GX Capital, a one hundred percent black family owned investment holding company in South Africa.
Seeking to sustain the current wave of political and economic reforms across Ethiopia and the region, the Center for International Private Enterprise (CIPE) has opened its newest regional office in Addis Ababa, Ethiopia.
The Enel Group’s global renewable energies division Enel Green Power (EGP) has started the construction of the 34 MW1 Ngonye solar PV plant, which is the Group’s first power plant in Zambia.
WorleyParsons has signed a 22-month engineering contract with Kipeto Energy Limited for the Kipeto Wind Power Project in Kenya.
Fifty-one thousand, 785 tons of sugar were produced by the Bioenergy company (Biocom) in the 2018 harvest according to data released at the 34th Meeting of Working Group.
The president of the Federal Republic of Somalia Mohamed Abdullahi Farmajo is leading efforts to consolidate gains made at the Forum on China-Africa Cooperation by facilitating the prospect of a tripartite agreement.
Virtual Crypto Technologies, Inc.has signed an Exclusive Distribution Agreement with a third-party company Virtual Crypto SA Ltd. to begin selling the Company's products in the Southern African Region.
Conventionally one is prone to associate blockchain exclusively to cryptocurrency, often bypassing the technology’s versatility to solve a wider range of financial problems.
East meets Africa in a thrilling fashion and cultural fusion at African Fashion International (AFI) Joburg Fashion Week 2018.
Fresh from discussing bilateral ties with the United States, Kenya has over the recent past held trade negotiations and deals with UK and China as the super powers seeks to grow their influence in the country.
The African Development Bank group has committed to support Equatorial Guinea’s economic diversification into agro-industry and a program of capacity building to foster public policies.
The Private Infrastructure Development Group Ltd, PIDG, has announced that UK’s Department for International Development (DFID) has approved a further tranche of funding of up to £500m for the four-year period, 2018 to 2021.