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.
The report contains an overview and analysis of Rwanda’s telecommunications market, profiles of the major players in all market sectors, relevant statistics and analysis, and mobile subscriber forecasts to 2023.
Anglophone West African countries weather odds to project bright economic prospects, Ecobank research
The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website.
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.
Sub-Saharan Africa’s growth is projected to reach 3.1 percent in 2018, and to average 3.6 percent in 2019–20, says Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, released today.
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.
Nestlé Cameroon has inaugurated a production unit for its range of Nido fortified powdered milk in the presence of the Ministry of Mines, Industry and Technological Development.
The Landlords and Tenant Bill, 2018, makes it mandatory for the Parties to execute a Tenancy Agreement in writing in order to document and provide a framework for their relationship and requires that in making the Agreement, the tenant provides a National Identity or Alien Identification card for non-citizens.
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.
Pan-African telecoms group Liquid Telecom has appointed Reshaad Sha as CEO of Liquid Telecom South Africa, effective June 1, 2018.
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.
The Government of Rwanda and Government of Japan has signed a financing agreement worth $68 million for the Ngoma-Ramiro road upgrading project.
The Nigerian National Petroleum Corporation (NNPC) has executed contracts for the engineering, procurement, construction, commissioning and financing for Lots 1&3 of the 40inch x 614km Ajaokuta - Kaduna - Kano gas pipeline and stations.
Afreximbank targets $700m financing support for Trade, Infrastructure and Agro-Processing Development in Mali
The African Export-Import Bank (Afreximbank) will arrange $700 million multi-sourced finance to support trade and related infrastructure projects in Mali, focusing mainly on transport logistics, tourism, agro-processing and the financial sector.
Healthcare supply chain leader, Imperial Logistics, has unveiled a world-class expansion at its Centurion facility in South Africa.
After a few years of sluggish regional growth, Africa’s economies are rebounding, offering a significant opportunity for investors, according to a new study by IFC and the Africa CEO Forum.
The Nigerian National Petroleum Corporation and the Enugu State Government have pledged to work together to revamp the strategic Enugu Depot towards meeting the petroleum products demand of the entire South-East region and beyond.
DP World has won a 30-year concession with an option of a further 20-year extension for the management and development of a greenfield multi-purpose port project at Banana, Democratic Republic of the Congo.
[Senegal] Bolloré Logistics delivers tamping machines for the Dakar Blaise Diagne International Airport express train
As part of the plans for an express train to link Dakar to Blaise Diagne International Airport the EIFFAGE Group, a French group in the construction of rail infrastructure, picked Bolloré Logistics to assist in shipping and delivery of two tamping machines.
With a Gini coefficient of 0.43, overall inequality in Africa remains high relative to other regions. However, Tanzania is one of the few countries in Africa where inequality has declined by nearly 8 percent
Rapid urbanisation across the continent is having an effect on water demands and it is estimated that by the year 2030, the world will need 40% more water than its current accessible, reliable supply.
[Rwanda] African Development Bank, partners fund construction of 208 kilometre regional road project set to benefit over one million people
The African Development Bank and other development partners have joined the Government of Rwanda to launch the rehabilitation of the Kagitumba-Kayonza-Rusumo road works in the Eastern province of Rwanda.
The Pan-African Private Sector Trade and Investment Committee will enhance African private sector participation in trade and investment policy formulation and support the implementation of the African Continental Free Trade Area
MECATHERM, manufacturers of automatic production lines for the industrial bakery sector, has unveiled The Baguette Factory, a simple and profitable turnkey solution aimed at African clients looking to move into industrial baguette production.
Cloud is coming into its own. Forrester says that public cloud platforms, business services, and applications will reach $236B by 2020.
Kenya’s Standard Gauge Railway, currently under construction, is the most expensive transport project the country has undertaken in recent times, opening up an efficient transport corridor to catalyze Kenya’s growth into 2030 and beyond.
An ‘ATM pharmacy’ that gives patients with chronic illnesses their repeat medication in under three minutes was officially opened in Alexandra today.
Egypt launches digital forensic lab to Improve Intellectual Property Rights' Protection and Enforcement
The Government of Egypt has announced today that it is setting up a specialized digital forensic lab for Intellectual Property as part of its enforcement schemes of combating software piracy.
[Column] Bob Koigi: Positioning Sub Saharan Africa small businesses to reap global markets' dividends
Global merchandise trade has been on a meteoric rise for the last ten years with exports of manufactured goods hitting the $1 trillion mark in 2016 according to the latest world trade statistical review by the World Trade Organization.
The ports of Antwerp and Douala in Cameroon are to collaborate closely with each other over the next five years.
The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment.
East African Development Bank inks $15 million credit deal with The Arab Bank for Economic Development in Africa
The East African Development Bank (EADB) has signed a credit line deal worth $15million with The Arab Bank for Economic Development in Africa, BADEA which will be used to help achieve EADB’s goals of developing East Africa.
Antwerp and Dakar port authorities are to collaborate more closely in the next few years. In this way Antwerp, the second-largest port in Europe, seeks to reinforce its historic position as leader on the coast of West Africa.
The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has entered into a re- guarantee transaction of an amount of up to USD 74 million with GuarantCo, to increase its guarantee capacity for SME financing.
The business educational development of Northern Nigeria took a new turn at the weekend when Aliko Dangote donated a N1.2 billion ultra-modern business school edifice to the Bayero University, Kano, (BUK), first of such in the northern part of the country.
African Telecommunication Union (ATU) and Huawei jointly released White Paper on Rural Coverage in Africa in Barcelona, Spain on the sidelines of the MWC.
The Nigerian National Petroleum Corporation has identified Seven Critical Gas Development Projects (7CGDP) scheduled to deliver about 3.4billion standard cubic feet of gas per day on an accelerated basis to bridge a projected medium term supply gap by 2020.
[Column] Bob Koigi: Deepening regional trade and East African integration with one stop border posts
Traders passing through East African border points have traditionally grappled with harrowing experiences, from bureaucratic procedures to harassment by custom officials.
Edna Mudibo, a Kenyan small scale trader in the border town of Busia who frequents Uganda,has found renewed drive to carry on with her business and has ended years of cat and mouse games with police officers and border officials.
The African Export-Import Bank will attract $1.5 billion to Mauritania to finance development of trade and related infrastructure.
Australia financial service provider eServGlobal has secured a new three-year contract with existing customer, Ooredoo Algeria.
The African Development Bank and the Gabonese National Agency for Numerical Infrastructure and Frequency have signed agreements for a feasibility study for the country’s component of the Central African Backbone project.
Angola Cables, an Angolan telecommunications multinational has announced that U.S.-based, FiberLight, LLC will provide backhaul connectivity in the U.S., starting with the Miami, Florida region.
During a high-level visit to Kigali later this week the European Investment Bank is expected to confirm EUR 69 million, $85 milllion, of new infrastructure and private sector investment in Rwanda.
AquaVenture Holdings Limited, a provider of Water-as-a-Service™ solutions has entered into a binding agreement with Abengoa Water to purchase a majority interest in a desalination plant in Accra, Ghana.
Kenya Association of Manufacturers (KAM) has launched the Manufacturing Priority Agenda (MPA) 2018 under the theme Sparking Kenya’s Industrial Transformation for Job Creation.
Cape Verde to set up international defense and security facility for Africa by 2020 to tackle growing security challenges
By mid 2020, the Republic of Cape Verde will inaugurate a continental training center dedicated to African State Security Forces.
Hilton continues its growth and development in Egypt, 60 years after first entering the country, with the opening of the Hilton Cairo Heliopolis.
Global package delivery company UPS has announced a major expansion to its International Special Commodities (ISC) program.
World Bank and Liberian Government sign $24.67m grant to strengthen governance, boost economic transformation
The World Bank and the Government of Liberia have signed a $24.67 million grant agreement for the Fourth Poverty Reduction Support Development Policy Operation for Liberia.
Merck Foundation, a non-profit company and a subsidiary of Merck KGaA Germany marks ‘World Cancer Day 2018’ to create awareness around cancer and build cancer care capacity with the aim to increase the limited number of oncologists across Africa.
Egyptian Ambassador to Addis Ababa Abu Bakr Hefny said on Tuesday that Sudan, Egypt and Ethiopia are furthering collaboration, especially at an economic level, given the Cairo-Cape Town road crossing that will soon be established through the three states.
Jameel Verjee is a British entrepreneur expanding his business in the hospitality industry across East Africa. He is Founder and CEO of CityBlue Hotels, founded in Rwanda and now expanded into Kenya and Uganda.
Africa Data Centres, part of the leading pan-African telecoms group Liquid Telecom, has today launched newly-expanded data centres facilities in Johannesburg and Cape Town, South Africa.
Beginning April, Hapag-Lloyd will offer a new weekly service between the Saudi Arabian port of Jeddah and the east coast of Africa.
In his commitment to encouraging entrepreneurship in the country as a way out of the economic doldrums, business magnate Aliko Dangote is donating a N1.2 billion structure for running of business school in Bayero University, Kano.
Standard Chartered Bank (StanChart) says the opening of its relocated Avondale branch underscores the financial institution’s commitment to provide an ambient and convenient banking environment for its customers.
The installation of the first direct link between Africa and South Americas nearing completion. The wet-plant installation is progressing in accordance to the plan and the cables will arrive in Brazil at the beginning of February 2018.
The African Development Bank (AfDB) Group will work towards the realization of a system for fiber optic interconnection between the Central African Republic, Cameroon and Congo.
If the East African community member states are not burning each other’s chicks, or auctioning cows, they are embroiled in trade disputes and mistrust in what has become characteristic of the integration journey.
Technology has taken off in Kenya like wildfire, where the healthcare and pharmaceutical sectors are the latest industries to embrace its benefits.
Aliko Dangote has assured that the N250 million University of Ibadan Business School being constructed by him would soon be ready for commissioning.
The COMESA Customs Transit Guarantee Scheme (RCTG Carnet) is expected to be operational in the Djibouti Corridor covering Djibouti and Ethiopia in March this year.
The EU-funded AfricaConnect2 project has just announced that, following the tender call to connect West and Central (W&C) Africa back in June 2016, GÉANT has awarded a 15-year contract to MainOne for connectivity services.
Born in Rwanda, open in Uganda and now in Kenya, CityBlue Hotel’s recent takeover of the landmark Creekside hotel at Tudor Point in Mombasa is a declaration of the company’s expansion plan for Africa.
According to new data published by the World Bank, South Africa’s economy is forecast to increase to 1.1 percent this year.
As Egypt embarks on a massive infrastructure expansion drive to stabilise and expand its economy, underground and deep foundations works represent an essential element of preparation
Hamdy El-Leithy, CEO of Linatel Telecommunications, said his company is in negotiations to participate in setting up Telecom Egypt’s infrastructure for its mobile network.
Deal activity in Industrials, Manufacturing and Transport sector to rise in Africa and the ME - Baker McKenzie forecast
Baker McKenzie’s Global Transaction Forecast shows a rebound in global M&A transactions in the Industrials, Manufacturing and Transport (IMT) sector in 2018, with global M&A rising to US$531.4 billion, up from US$483 billion in 2017.
The Executive Board of the International Monetary Fund has completed the seventh and last review of Tanzania’s economic performance under a program supported by the Policy Support Instrument (PSI).
The World Bank published Tuesday Algeria’s economic growth forecasts for 2018 and 2019, a rebound that will be supported by the government’s new budgetary measures.
2017 had its ups and downs and the power sector was no exception. The year started with a generally low mood in terms of the quantum of power generation available for distribution from none to a peak of 5,222MW on 18th of December, 2017.
It is critical for African countries to strategically integrate and link urbanization to their national development priorities, plans and visions if urbanization is to contribute to structural transformation and economic development.
Pareteum Corporation the rapidly growing Cloud Communications Platform company, has been awarded a three-year contract from a significant Cross Border European and African Mobile Operator.
CETel, a German service provider of global managed end-to-end communications solutions, has signed a five-year contract with SES Networks to connect new exploration and production sites in Africa via SES Networks’ medium earth orbit (MEO) O3b satellite constellation.
Africa’s integration agenda is experiencing a critical and momentous epoch with the Continental Free Trade Area scheduled for operationalization this year and with the creation of a Single African Air Transport Market.
Current technological advances are creating a new automated age, with recent developments in robotics, artificial intelligence, and machine learning.
Varroc Lighting Systems is expanding its footprint as it establishes a manufacturing and product development base in Morocco.
Groupe SEB has signed an agreement with the Zahran family to merge small electrical appliances and cookware businesses with a view to reinforcing its local manufacturing base in Egypt to serve the local and export markets.
BlueBird Finance & Projects reports successful closing of a $165 million complex financing package for an EPC Turnkey construction project of an innovative hospital, including medical equipment supply, in Eastern Africa.
Melcon Construction, a local construction firm, is to construct the nation's third most expensive road, costing 536 million Br, extending from Haile Garment to Jemo square.
Business conditions improved for the first time in eight months amid reports of greater political stability. Growth was underpinned by expansions in output, new orders, stocks of purchases and employment, reversing the recent downward trend.
Samuel Tafesse, the founder of Sunshine Construction, has announced plans to build a solar park in Ethiopia. “At the moment, we are exploring opportunities in power generation,” the 60-year old entrepreneur".
Construction of a US$1 billion project dubbed Virgin City has kicked off in Calabar Municipality in Nigeria’s Cross River State, Governor Ben Ayade has announced.
Energy access in Africa is close to my heart. Bringing clean, renewable power to people instead of building coal-fired power stations is absolutely essential if we are going to tackle climate change.
The Danish power plant specialist Burmeister & Wain Scandinavian Contractor, in consortium with MAN Diesel and Turbo, has been awarded a US$150.26mn contract to build a 120MW gas-fired power plant in Benin.
The United Nations has announced the opening of its African Technology Innovation Lab (UNTIL) in Egypt, in line with its framework to deploy a global network of such labs.
2018 is set to be a revolutionary year for Africa as the Land LayBy Holdings, the parent holding company of a flagship of real estate & fintech companies sets the pace for the incorporation of blockchain technology in the African real estate sector.
Israeli company Yam Pro Energy last week signed a $180 million MOU with Shapoorji Pallonji Group, owners of the TATA Group, to build a wave energy power station in Ghana.
Egypt said Tuesday the World Bank should be brought in to resolve tensions with Ethiopia over a massive dam on the Nile River that Egypt says threatens its water security.
Preparing a pipeline of bankable sustainable infrastructure projects is vital, participants of the Programme for Infrastructure Development in Africa (PIDA) Week heard.
In 2012, the African Union Summit made a decision on boosting intra-African trade and fast-tracking the Continental Free Trade Area.
The African Development Fund has signed a significant concessional donor loan agreement with the Government of France to the tune of $253 million as support for the 14th replenishment of the Fund.
Magal awarded $13 million contract by Toyota Tsusho Corporation for integrated security solution in East Africa
Magal Security Systems, Ltd. has signed a $13 million contract to provide integrated security solutions as a subcontractor for Toyota Tsusho Corporation.
The Economic Commission for Africa’s Executive Secretary, Vera Songwe has warned about a demographic trap for African countries if appropriate policy measures are not put in place to help manage demographic bulge.
The African Development Bank is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the US $ 5 billion Nacala corridor rail and port project.
A.M. Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Ghana Reinsurance Company Limited (Ghana Re). The outlook of these Credit Ratings (ratings) is stable.
Assistance Aéroportuaire du Mali to provide line maintenance services for Boeing 737 and Airbus A320 aircrafts in West Africa
ASAM S.A., the Airport Assistance Company of Mali has been certified as an Approved Maintenance Organization with the ability to offer line maintenance services in West Africa.