Corruption is nothing new and it’s certainly not unique to Africa. When I worked in the World Bank’s East Africa office back in 1991, it was not just common to see multi-national companies in developed countries pay bribes to secure lucrative projects in Africa.
Imperial Logistics was recently awarded a revised license for their pharmaceutical bonded warehouse in Centurion, South Africa.
MainOne and Tizeti have announced the completion of a joint development project with Facebook to enable the expansion of internet services in Lagos.
ECOWAS Ministers of Finance have validated draft integration instruments meant to enhance a common customs framework for the region.
The Secretary General of the Arab Maghreb Union, Dr Taieb Baccouche and senior official are on three days visit to the COMESA Secretariat to discuss possible areas of co-operation between the two regional economic groupings.
In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc has signed a pact with e-commerce platform Jumia Nigeria to offer for sale its cement to customers online.
The SMB-Winning consortium , a major player in the bauxite sector, has presented to His Excellency Alpha Condé, President of the Republic of Guinea, a project to build an alumina refinery in Guinea
Heineken today laid the foundation stone of its first brewery in Mozambique in the presence of His Excellency Mr. Max Tonela, Minister of Trade and Industry.
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.
The Board of Directors of the African Development Bank Group (AfDB) has approved a loan of € 150m to help finance the 420 MW Nachtigal hydroelectric project, with the financial support of other partners.
The Dangote Group of Nigeria, on November 23, 2017 formally launched its newest economic development industrial project, the Dangote Cement plant in Mfila, in Congo-Brazzaville.
Efforts being made by Kenya’s government to make Nairobi an aviation hub has received a big boost from the African development Bank which approved a US$ 160m loan for the expansion of Jomo Kenyatta International Airport.
The construction of the new port and logistics hub in Tema will have huge benefits for the Ghanaian economy and the livelihoods of Ghanaian people when opened in 2019.
Attivo Networks bolsters security defences across South and Sub Saharan Africa with Networks Unlimited
Attivo Networks®, the leader in deception for cyber security threat detection, has announced a strategic partnership with Networks Unlimited, Africa’s leading value-added distributor.
Equity and Equality are two distinctive terms often used interchangeably but have two very different meanings.
Mimicking global trends, South Africa can expect an increased demand for cloud storage on the back of several trends including Microsoft's recent Azure announcement.
Africa’s largest cement Company, Dangote Cement Plc has added fillip to the on-going efforts at economic emancipation of Africa by formally opening its 1.5mtpa capacity cement plant in Mfila, Congo Brazzaville,
Globally mobile individuals, also known as expatriates or ‘expats’, who choose to live and work in South Africa, cite the adventure (74%), a better quality of life (72%), or to gain international experience (67%) as their reasons for accepting assignments in the country.
Experts in port management, policy makers and financiers from across Africa are exploring how to reshape policy and harness the benefits that accrue from maximizing the comparative advantages of land linked countries.
Louis Berger has been awarded a $1.7 million project management and construction supervision services contract by the Cameroonian and Nigerian governments for construction of a two‑lane bridge over the Cross River at Ekok/Mfum.
The Board of the African Development Bank Group (AfDB) has approved a loan of €112 million to help finance the North-East Road Connectivity Support Project in Tunisia.
The Economic Commission for Africa is focusing on essential components of structural transformation, such as sustainable investment in infrastructures and new industries.
Two off grid projects were recently announced in Nigeria, one consisting of a partnership between Pan Africa Solar and BBOXX (PAS BBOXX), adding to the growing momentum of the off grid sector across Africa.
During the meeting of the Consultative Group for Guinea held in Paris on November 16 and 17, 2017, the World Bank Group announced financial support totaling $2.35 billion to help Guinea implement its National Economic and Social Development Plan
Innovative financial solutions like factoring and credit insurance offer keys to the growth of small and medium-sized enterprises (SMEs) in Africa and can enhance regional integration.
[Madagascar] World Bank Granted $45m to enhance public finance sustainability and the investment climate
The World Bank has approved a $45 million grant for the second Public Finance Sustainability and Investment Development Policy Financing operation.
The Board of Directors of the African Development Bank Group (AfDB) has approved two loans amounting to US$ 171 million to finance Rwanda’s Sustainable Water Supply and Sanitation Program.
South Korea, currently the 11th largest economy in the world, is often regarded as an economic miracle because of its rapid economic and social transformation, which continues to be a case study as to how global economies can achieve sustained and broad-based growth.
Statistics indicate that 90% of imports and exports in Africa are driven by sea. With a global middle class set to reach 5 billion people by 2030, global trade is set to continue to grow at an unprecedented rate.
John Pombe Magufuli, President of Tanzania and Yoweri Kaguta Museveni President of Uganda and Amb. Liberat Mfumukeko, East African Community Secretary General have launched Mutukula One Stop Border Post (OSBP) located on the Uganda- Tanzania border.
dormakaba South Africa, a trusted partner for smart and secure access solutions worldwide, has designed a secure, accessible and easy-to-use mobile Bluetooth Low Energy solution for hotels.
East African Community receives $1.2 million from AfDB to finance multinational road between Uganda and Tanzania
The African Development Bank East Africa Regional Resource Centre (EARC), and the East African Community (EAC) have signed a financing agreement of $1.2 million to finance the Project Preparation Phase of three key Multinational Road Sections between Masaka in Uganda to Kumunazi in Tanzania.
West Africa has been at the heart of the continent’s growth and economic transformation in recent years.
Fifteen out of the 19 COMESA Member States as now fully in the regional Free Trade Area with only four countries remaining.
Water is becoming an increasingly paradoxical subject; mainly because it is a universal basic need without which there would be no life, and yet, it is fast becoming the foremost depleted and scarce resource in the world.
Oracle today hosted its Modern Business Forum in Botswana to help the country's fast-growing and large enterprises accelerate digital transformation and drive business growth with its next generation cloud applications.
The Boards of Directors of the African Development Bank Group (AfDB), on Wednesday, 8 November 2017, approved the Africa Thriving and Resilient: The Bank Group’s Second Climate Change Action Plan, 2016-2020 (CCAP2).
The Government of Zambia has launched its National Financial Inclusion Strategy, and its Financial Sector Development Policy, and Financial Capability Survey Report with support from the World Bank Group.
Suez Canal Economic Zone Authority and DP World sign agreement for development of economic zone in Sokhna, Egypt
Admiral Mohab Mamish Chairman of the Suez Canal Authority and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, have signed a partnership to develop an integrated industrial and residential zone at Sokhna in Egypt.
Kenya Urban Roads Authority General Manager Daniel Muchiri has told CNN’s Building Bridges programme of the huge financial losses Kenya’s capital is experiencing as traffic jams grind the city to a halt.
To further expand its network reach and peering capabilities, Angola Cables announced today that it expects to establish a Point of Presence (PoP) in Cape Town before the end of the year.
Global trade enabler DP World will develop a greenfield economic free zone in Somaliland to complement the development of the Port of Berbera, which has seen record container volumes under DP World management.
During the first half of the year, Rwanda recorded a low growth rate of 2.9% on average mainly due to low growth of the industry and services sectors as activity in construction recorded a deceleration of -5.5%.
Liquid Telecom teams with VT iDirect and Telesat to deliver enhanced services to businesses in Africa
Pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, has entered into an arrangement with Telesat, a global satellite operator with extensive coverage of the EMEA region.
[South Africa] Ford invests $220 million in production capacity expansion to sate growing demand for Ford Ranger
Ford Motor Company of Southern Africa is investing $220 million to expand production capacity at its South African manufacturing operations in order to meet growing local and international demand for the trend-setting Ford Ranger.
In a launch the African Trade Insurance Agency’s (ATI) Chief Executive Officer, George Otieno, officially announced the availability of ATI’s financial solutions in Zimbabwe.
Angola Cables announced today that it has become a Microsoft ExpressRoute partner to meet the needs of Africa-based organisations migrating business applications and IT infrastructures to the cloud.
The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65,000 million litres per annum biofuel plant in Okeluse, Ondo State.
The United Nations Industrial Development Organization’s (UNIDO) South African Low Carbon Transport (LCT) Project has announced the extension of project activities in the Northwest Province.
Johannesburg Stock Exchange has launched a Green Bond Segment which will provide a platform for companies and other institutions to raise funds ring-fenced for low carbon initiatives and investors to invest SRI funds in securities that are truly green.
Energy Recovery, Inc., the pressure energy technology for industrial fluid flows company has been awarded $3.3 million contract to supply its PXTM Pressure.
African Development Fund approves €48m grant finance for Guinea-Sierra Leone border road reconstruction
The Boards of the African Development Bank Group have approved funding of €48 million from the African Development Fund for the reconstruction of the border road from Guinea to Sierra Leone.
Africa50, the infrastructure fund for Africa, Scatec Solar and Norfund have signed the long-term financing documentation for the 400 MWDC utility scale photovoltaic power plants in Egypt.
Alcatel Submarine Networks, IOX Cable to commence work for system connecting Mauritius, South Africa, more countries
IOX Cable Ltd and Alcatel Submarine Networks have commenced work for cable route survey for the IOX Cable System, which will span more than 8,850 kilometers.
INTTRA, the ocean container shipping industry’s neutral network, and Transmar Corporation, a wholly-owned subsidiary of IACC Holdings and a leading carrier, have announced a new relationship for electronic booking and shipping instructions processing in East Coast of Africa.
Global payments technology company Visa has launched the newly-incorporated Visa Foundation that will prioritize the growth of micro and small enterprises around the world, enabling individuals, businesses, and economies to thrive.
There is strong indication that after cement, Nigeria's steel industry is the next sector to watch as African Industries Group, the largest steel manufacturer in the country, has started exporting the product to Morocco, Egypt and Ghana.
Cameroon and United Nations Industrial Development Organization (UNIDO) have signed the “Inclusive Development and Entrepreneurship for All (IDEA) – Private Sector Development Support Programme (PADSP) for Cameroon” and its related Trust Fund Agreement.
Liquid Telecom partners with i2i DataHack4FI to drive adoption of data science and cloud-based services across Africa
Leading pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, is supporting startups entering the DataHack4FI innovation competition by providing free high-speed internet access and cloud-based services.
Marriott International, Inc. has announced the opening of Four Points by Sheraton Arusha, The Arusha Hotel, marking the debut of the brand into Tanzania.
Liquid Telecom Kenya has announced a 10-year partnership with Kenya Electricity Transmission Company Limited (KETRACO) to operate KETRACO’s Optical Ground Wire fibre cable and expand the internet network across East Africa.
By 2035, half of Africa's population will be urban, compared to just one third in 1990. This rapid urbanization creates growing challenges in terms of infrastructure and services’ needs, but it can also be a driver of industrial development on the continent, under the right policy framework.
QGIAM, the private equity arm of Africa focused investment firm Quantum Global has announced that on behalf of their investors, the sale of its interest in Savannah Cement, a leading Kenyan cement producer, has been completed.
The newly launched Mozambique Country programme by UNIDO has been lauded by the country’s Minister of Industry and Commerce, Max Tonela saying it would establish “the conditions to stimulate structural transformation."
Africa Finance Corporation signs master cooperation agreement with International Finance Corporation
Africa Finance Corporation (AFC) has this month become the 30th member of the Master Cooperation Agreement (MCA) at the World Bank's Annual Meetings in Washington DC.
Mars Africa, the South African-based division of Mars Incorporated, a global family-owned food business, and DHL Supply Chain South Africa, the world's largest contract logistics company, have signed a contract that will see DHL providing warehousing and distribution services for a number of Mars products.
Bolloré Logistics South Africa obtained the Transported Asset Protection Association (TAPA) Level C certification for its Pomona warehouse in Johannesburg. This is the first African subsidiary to receive this kind of certification.
Building Energy, multinational company operating as a Globally Integrated IPP in the Renewable Energy Industry, announces the Inauguration of the Tororo Solar Plant, its first photovoltaic system in Uganda.
SITA is providing its passenger and baggage processing technology as well as its airport management solutions to Ghana’s new Terminal 3 at Kotoka International Airport in Accra, helping cement the airport’s position as a vital regional hub.
In 2015, the Government of Nigeria requested World Bank support to respond to the humanitarian and development crisis in the North East of Nigeria.
Africa’s migrant resources, which amount to more than $110 billion, could be a major source of funding for key infrastructure projects across the continent if properly harnessed.
International Islamic Trade Finance Corporation and National Company of Transports and Logistics in bid to bridge Morocco, Sub Sahara Africa gap
African Development Fund approves US$ 141 million credit risk participations under Private Sector Credit Enhancement Facility
The Board of Directors of the African Development Fund (ADF) have approved a credit risk participations in eight loans cumulatively valued at US$ 141 by the Private Sector Credit Enhancement Facility (PSF).
CityBlue Hotels has announced its first property in Kenya with the opening of the CityBlue Creekside Hotel & Suites, Mombasa.
The hotel sector in Sub-Saharan Africa has evolved during the past decade due to high demand growth, entrance of new global brands and increasing supply in major markets.
The World Bank has approved a $15 million International Development Association to help Togo address critical economic governance and public financial management challenges.
COMESA has signed a Memorandum of Understanding (MoU) with the Consumer Unity and Trust Society (CUTS) International Zambia.
Eleven years since the establishment of the Land Policy Initiative, a ceremony was held in the presence of African Ministers and experts that launched the African Land Policy Centre (ALPC).
Analysis carried out by the International Transport Workers’ Federation (ITF) has found an emerging pattern of labour rights violations throughout one of the world's most profitable stevedoring companies: International Container Terminal Services Inc. (ICTSI).
African conferencing facilities are becoming more than just venues for local gatherings and are now attracting major international events.
Globally, as much as 35% of all treated water is lost to leaking piping systems with South African levels reaching as high as 60%.
Janus Global Operations has been selected to provide risk management and security for the European Union organization working to help build maritime civilian law enforcement in Somalia.
Hilton has committed a total of $50 million over the next five years towards the Hilton Africa Growth Initiative to support the continued expansion of its Sub-Saharan African portfolio.
Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa is bracing itself for a transport revolution as more countries embrace the onset of new technology.
Rwanda Revenue Authority certifies 22 authorized economic operators facilitating faster and smoother trade
Rwanda revenue Authority (RRA) has signed MOU’s and awarded certificates of recognition to twenty-two companies in Rwanda who have been granted special customs status as Authorized Economic Operators (AEO).
Revenue losses from inefficient border procedures in some African countries are estimated to exceed 5% of the Gross Domestic Product.
The African Export-Import Bank will provide financial and advisory support to Burundi to facilitate the development of the energy, mining, tourism and agriculture sectors to contribute to the country’s economic recovery.
World Bank Board approves over $20m for Seychelles’ Sustainable Fisheries and Marine Resources Conservation
The World Bank has approved a package of over $20 million for the Republic of the Seychelles to improve the conservation of its marine resources and expand seafood value chains.
The Board of Directors of the African Development Bank Group has approved a private sector multi-currency line of credit of US$100 million and 1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa.
LS telcom, Inc, a worldwide leader in Spectrum Management and Spectrum Monitoring solutions, has announced the installation of multiple LS OBSERVER sensor-based monitoring stations for the Liberian Telecommunications Authority.
The Minister of Finance and Economic Planning Claver Gatete has expressed confidence that the economy would attain the projected 6.2% growth as a result of positive trends across various sectors.
The President of the African Development Bank (AfDB), Akinwumi Adesina, arrived in Niamey on Tuesday, September 26, 2017 for a two-day official visit to Niger, which began with a meeting with the Head of State, Mahamadou Issoufou.
The Government of the Union of Comoros has developed a national strategy oriented to local resources transformation for the Micro, Small and Medium Enterprises to revamp its industrial productivity and export base.
The overarching goal of the Common Market for Eastern and Southern Africa (COMESA) cluster development approach is a modern business value creation method of effecting positive social and economic changes through enriching the culture of innovation
STRABAG SE, the publicly listed European-based technology group for construction services, has been awarded a bridge project in South Africa.
A study released by the Kenya Association of Manufacturers last month stated that Africa continues to be Kenya’s leading export destination accounting for 40.6 per cent of our exports.
Mauritius Telecom signs agreement to use IOX Cable System to enhance global Internet connectivity in Mauritius
IOX Cable today announces that Mauritius Telecom has signed an agreement as an anchor tenant for ultra high speed connectivity on the IOX Submarine Cable System.
TheAfrican Export-Import Bank has embarked on a concept to transform its buildings into iconic business complexes with integrated one-stop trade services shop, the President, Dr. Benedict Oramah, has announced in Harare.
The African Development Bank has joined partners from the African Union Commission, African governments, key United Nations agencies and development finance institutions to renew support for African countries’ industrialization.
The Nigerian National Petroleum Corporation (NNPC) will accelerate local capacity development in all its operations within the nation’s Oil and Gas industry.