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30-10-2014 22:52:00 | by: Administrator | hits: 12720134 | Tags:

[Sierra Leone] Government picks Agrotop for $60m chicken project
24-09-2018 | 09:44:30
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.
Seychelles and Curacao to conclude a customs cooperation agreement
24-09-2018 | 07:55:59
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.
Rwanda, Japan sign $24m deal to improve electricity distribution
24-09-2018 | 07:38:28
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.
[Mozambique] World Bank invests $45 million to boost rural resilience
24-09-2018 | 07:28:00
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.
Collaboration key for development of SADC’s blue economy, ECA
24-09-2018 | 07:22:42
Southern African countries need to collaborate more in their quest to exploit opportunities presented by the blue economy, a ministerial high level roundtable agreed.
[Nigeria] NNPC records ₦17.16bn trading surplus, up 46%
24-09-2018 | 06:55:00
The Nigerian National Petroleum Corporation has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018.
Angola, Portugal enter deal to end double taxation
21-09-2018 | 12:55:00
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.
Rwanda and Germany sign €42 million agreement to support job creation
21-09-2018 | 12:50:00
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.
SEFA awards $1 million to Angola’s independent power producers
21-09-2018 | 10:30:00
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.
Nexans connects Brazil to Cameroon with fiber optic project
21-09-2018 | 08:25:00
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.
[Ethiopia] Addis Ababa EPA joins air quality management partnership
21-09-2018 | 08:20:00
The United States Environmental Protection Agency (USEPA) has launched an initiative to strengthen air quality management in Addis Ababa.
Kenya commits to public private partnerships for development
21-09-2018 | 06:10:00
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 announces upgrade at Zimbabwe mine
21-09-2018 | 06:06:00
Caledonia Mining Corporation Plc has announced an upgrade to the resource base at its 49 per cent owned subsidiary, the Blanket Mine in Zimbabwe.
Non traditional financing sources key to Central Africa growth, ECA
21-09-2018 | 06:02:00
“Financing industrialization is not only about chasing money,” Antonio Pedro, Director of the ECA Subregional Office for Central Africa has said.
[South Africa Business Week] JSE grows listing portfolio
20-09-2018 | 17:19:00
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).
[Kenya Business Week] Fertilizer shortage and the ripple effects
20-09-2018 | 13:04:00
Mergers, expansions, partnerships, taxation controversy and delays at major installations have dominated Kenya’s headlines this week.
[South Africa] Vodacom invests $21m in rural internet connectivity
20-09-2018 | 12:57:00
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.
ITC and Huawei launch ‘Faster Customs Faster Trade' study in Zambia
20-09-2018 | 12:38:00
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 set to expand to Sub Saharan Africa
20-09-2018 | 11:15:31
Moneytrans and Remitly, the largest independent digital remittance company in North America, have entered into a global co-operation agreement.
S&W Seed, AGT Foods enter South African market with eye on sorghum
20-09-2018 | 11:08:59
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.
Afreximbank signs agreement to boost Africa-Uzbek trade
20-09-2018 | 08:38:00
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.
Fenix International establishes global headquarters in Uganda
20-09-2018 | 08:31:50
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.
UNIDO and Switzerland launch quality & standards programme in SA
20-09-2018 | 07:05:25
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 and Kenyan Ministry bet on IoT to protect wildlife
20-09-2018 | 06:32:00
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.
East Africa economy best performing in the continent, ICAEW report
20-09-2018 | 06:23:00
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.
Blanché Hanstein appointed Aurecon’s new manager for Namibia
20-09-2018 | 06:09:00
Global engineering and infrastructure advisory company Aurecon has appointed Blanché Hanstein as the new Office Manager of its Windhoek Office in Namibia.
MainOne picks TE SubCom to extend cable system to francophone region
20-09-2018 | 05:56:08
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.
ATI, Marsh offer $95 million bank surety for Tanzania rail project
19-09-2018 | 13:30:00
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.
AfDB issues global benchmark bond of $ 2 billion for 5 years
19-09-2018 | 13:15:31
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 invests in Chinese brands
19-09-2018 | 08:39:09
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.
[Nigeria] Access Bank, WorldRemit in instant money transfers deal
19-09-2018 | 06:12:00
International digital money transfer service WorldRemit has partnered with Access Bank for instant money transfers to Access Bank accounts in Nigeria.
Blue economy can drive Africa’s economic growth if well utilized, ECA
19-09-2018 | 06:08:00
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.
[Rwanda] Blockbonds introduces airtime purchase via Spenn app
19-09-2018 | 06:04:00
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.
[South Africa] Netsol Technologies implements CMS for German client
19-09-2018 | 06:00:00
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, COMESA open new chapter of cooperation
18-09-2018 | 12:41:50
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.
Clarke Energy to supply gas engines for Algeria mosque plant
18-09-2018 | 12:34:00
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.
Afreximbank closes $150m Korea-focused club facility
18-09-2018 | 09:24:00
The African Export-Import Bank has closed a Korea-focused $150 million club facility which has Shinhan Bank as coordinator and lender.
Angola Airlines and Portuguese TAP to increase weekly flights
18-09-2018 | 08:20:00
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.
[Uganda] Block Commodities, Pure Grow launch food pilot project
18-09-2018 | 08:15:00
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 launches UK office
18-09-2018 | 06:12:00
Absa, one of Africa’s largest diversified financial services groups, has launched its UK office.
Ethiopian Airlines adds Alipay to its mobile payment platform
18-09-2018 | 06:08:00
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 names five new independent board members
18-09-2018 | 06:00:00
Africa50 shareholders have approved the expansion of the Board of Directors to include at least half independent directors.
Abra targets African investors with cryptocurrency platform
17-09-2018 | 13:26:48
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’s software piracy drop boosts foreign investment, study
17-09-2018 | 11:58:00
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.
[Kenya] ImpalaPay partners with World Capacity Builders
17-09-2018 | 11:42:23
World Capacity builders, a British Colombian company, and ImpalaPay Limited a Fintech operating in Kenya recently signed an MOU and are officially strategic partners.
[Column] Five roots to Central Africa’s industrialization
17-09-2018 | 11:36:20
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.
The Carlyle Group completes acquisition of Abacus in East Africa
17-09-2018 | 09:32:00
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.
South Africa companies in Russia to seek export opportunities
17-09-2018 | 09:25:47
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 concludes the acquisition of MENA Cable
17-09-2018 | 06:56:49
Telecom Egypt has announced the conclusion of the acquisition of Middle East and North Africa Submarine Cable, MENA Cable, from Orascom Investment Holding.
Algerian police adopts sample tracking software to bolster operations
17-09-2018 | 06:37:00
Algeria’s national police force, has implemented STACS-CW Enterprise sample tracking and quality control software at their forensic DNA laboratory in Algiers.
[Nigeria] Air Peace, Boeing sign deal for purchase of 10 new aircraft
17-09-2018 | 06:13:00
Boeing and Air Peace of Nigeria have announced a new order for ten 737 MAX 8 airplanes during a signing ceremony in Lagos.
VueTel in $1.2 million plan to connect USA and Africa via data, voice
14-09-2018 | 13:36:00
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 launches first app based portable ultrasound system in Africa
14-09-2018 | 13:12:00
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.
Orange invests in MainOne’s West Africa submarine cable system
14-09-2018 | 11:34:00
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.
MoneyGram and Zeepay launch new money transfer service in Ghana
14-09-2018 | 09:09:47
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.
AfDB invests €84 million in Cameroon livestock and fish farming
14-09-2018 | 09:05:38
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.
[Kenya Business Week] Smart cities, a panacea for urban population
14-09-2018 | 06:57:14
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 invests £1.6 m in Energise Africa to improve energy access
14-09-2018 | 06:43:22
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.
[South Africa] Vivo Energy set to list on JSE All Share Index
14-09-2018 | 06:36:00
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.
AfDB unveils tool to assess resilience and fragility in countries
13-09-2018 | 13:35:29
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.
[Nigeria] Clear Blue Technologies in $850,000 street lighting project
13-09-2018 | 11:31:51
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.
[Column] Ousmane Badiane: Trade is essential for Africa’s prosperity
13-09-2018 | 11:22:19
As African economies continues to develop, trade plays a vital role in raising living standards and improving the lives of their citizens.
Mutale Chilangwa the new Counterpart International Africa Director
13-09-2018 | 09:33:00
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.
AGRA signs deal with Israeli conglomerate to support African farmers
13-09-2018 | 09:17:41
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.
Wind and solar farms to double rainfall in Sahara, study
13-09-2018 | 09:14:00
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.
[South Africa] Sygnia shares begin trading on A2X
13-09-2018 | 07:08:00
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 announces expansion to Uganda
13-09-2018 | 07:05:00
Renew, a private equity impact investing firm, has announced expansion into its second African country, Uganda.
[South Africa] Raven Property Group lists on the JSE
13-09-2018 | 06:58:00
Raven Property Group Limited has listed on the Johannesburg Stock Exchange (JSE) Main Board.
Fenix International reaches 150,000 Zambians in nine months
13-09-2018 | 06:53:00
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.
World Bank review reveals unchanged quality of policies in Africa
13-09-2018 | 06:48:43
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.
Angola works on making trade easier, cheaper and faster
12-09-2018 | 11:15:00
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 continues to expand operations in Egypt
12-09-2018 | 08:26:45
Convergys Corporation, a global player in Customer Management Outsourcing, is one of the largest and expanding BPO companies in Egypt.
Africa PC market stabilizes as tablet demand plummets, IDC
12-09-2018 | 08:22:09
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, ITC launch cross border initiative programme
12-09-2018 | 08:07:56
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.
AfDB supports Senegal’s national development strategy
12-09-2018 | 07:48:43
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.
NIB and Afreximbank sign €100 million loan facility
12-09-2018 | 07:43:49
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 government hopeful of China beef market
11-09-2018 | 10:42:00
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 unveils ka-band satellite broadband services in Africa
11-09-2018 | 07:51:03
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.
Experts seek financing for industrialization in Central Africa
11-09-2018 | 07:25:01
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.
ITFC signs new financing agreements to support Egypt’s main sectors
11-09-2018 | 07:14:37
The International Islamic Trade Finance Corporation (ITFC) has signed two new Agreements between with the Government of the Arab Republic of Egypt.
AfDB invests $ 5million to boost SME growth in West Africa
11-09-2018 | 07:05:00
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.
[Ethiopia] UNIDO Director General praises China - Africa cooperation
11-09-2018 | 06:08:31
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 selects Newgen to drive digital transformation
10-09-2018 | 07:17:54
NIC Bank Kenya PLC has announced that it has successfully transformed multiple banking processes, using Newgen's Business Process Management based banking solutions.
[South Africa] GSC acquires Megapro Holdings
10-09-2018 | 06:56:00
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.
[Nigeria] NNPC, China sign MoU on oilfield services, research & dev't
10-09-2018 | 06:44:00
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, Afreximbank sign trade infrastructure deal
10-09-2018 | 06:39:51
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.
World Bank launches $9 million infrastructure project in Somalia
07-09-2018 | 12:50:00
The Federal Government of Somalia and the World Bank have launched the flagship infrastructure project in Somalia.
[South Africa] Vantage Capital exits New GX Capital
07-09-2018 | 11:41:32
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.
CIPE opens Ethiopia office to grow continental foothold
07-09-2018 | 10:50:00
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.
Enel starts construction of Ngonye solar project in Zambia
07-09-2018 | 10:45:00
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.
[Kenya] WorleyParsons wins contract for Kipeto wind power project
07-09-2018 | 08:20:00
WorleyParsons has signed a 22-month engineering contract with Kipeto Energy Limited for the Kipeto Wind Power Project in Kenya.
[Angola] Biocom has produced half of the sugar consumed in 2018, data
07-09-2018 | 08:15:00
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.
Somalia, Eritrea and Ethiopia seek economic integration
07-09-2018 | 06:10:00
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 enters SADC region through partnership
07-09-2018 | 06:07:00
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.
[Nigeria] Hashcash and banks partner to deepen financial inclusion
07-09-2018 | 06:05:00
Conventionally one is prone to associate blockchain exclusively to cryptocurrency, often bypassing the technology’s versatility to solve a wider range of financial problems.
Africa set to meet Asia in fashion fusion
07-09-2018 | 06:02:00
East meets Africa in a thrilling fashion and cultural fusion at African Fashion International (AFI) Joburg Fashion Week 2018.
[Kenya Business Week] The UK, China trade factor
06-09-2018 | 13:02:00
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.
AfDB commits to support Equatorial Guinea’s agro industry plan
06-09-2018 | 13:01:03
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.
PIDG receives £500m from DFID for infrastructure projects
06-09-2018 | 11:31:52
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.