The Great Yellow Brick Co is bringing South Africa’s first LEGO® Certified Store to Sandton City on 28 July 2018 following a multi-million-rand investment and exclusive deal with The LEGO Group.
I contend that the educational system in Africa is ripe for reform, both in terms of the physical infrastructure by means of which educational content is delivered and in terms of the ways in which education is theorised and spoken about.
Bolloré Transport & Logistics, SETRAG and four forestry and timber companies in Gabon have partnered in a project that seeks to reduce intermediaries in the transportation of raw material at the port of Owendo.
The World Bank announced today US$130 million in additional support for decentralization in Tunisia, which is putting local governments in charge of addressing the development needs of their communities.
Experts from Africa’s rail sector have gathered in Johannesburg to discuss rail transport and how it can be developed to support the grand design for growth on the continent.
Conakry Terminal, a subsidiary of Bolloré Ports has received four new container gantry cranes at the Port Autonome de Conakry container Terminal.
On 22 February, the Republic of Djibouti terminated the DCT (Doraleh Container Terminal) concession, in which DP World is a shareholder and operator.
Kenya this week continues to strategically place itself to benefit from regional integration and reap from its warm relationship with development partners and international investors.
Cabo Verde Telecom and EllaLink have announces the signature of a binding Memorandum of Understanding to deliver subsea fibre connectivity to Cabo Verde.
The forming and maintaining of strategic, mutually beneficial partnerships is pertinent to the development of any economy, especially a growing one like Nigeria.
The African Development Bank approved a US $15-million senior loan to GHL Bank PLC, which focuses on mortgage finance, to enhance its mortgage loan portfolio and help develop an effective affordable mortgage finance sector in Ghana.
IFC, a member of the World Bank Group, and BIX Capital B.V, a Netherlands-based impact investment company, have joined forces to provide working capital financing to manufacturers and distributors of climate-smart household appliances.
Kenya Ports Authority’s (KPA) equipment acquisition efforts for the Port of Mombasa has received a major boost following the arrival of four eco hoppers.
The European Union, Germany and indigenous renewable energy firm, Green Village Electricity Project have completed and activated two solar mini grid plants with the collective capacity to generate 100 kilowatts of clean electricity to power two communities.
Kanoo Shipping, one of the largest regional shipping agencies in the Middle East has announced an agreement to acquire Wallem South Africa, a provider of integrated maritime solutions in the cities of Durban and Cape Town.
Hong Kong based logistics provider Kerry Logistics Network Limited has acquired Shipping and Airfreight Services Limited, S.A.S., a well-established freight forwarding and logistics company based in Johannesburg, South Africa.
The African Development Bank has participated in a signing ceremony that occasioned Italy’s contribution of €1 million to the Somalia Infrastructure Fund.
The African Export-Import Bank is arranging up to $2 billion in financing support to Angola, Bank President Dr. Benedict Oramah has said.
Afreximbank partners FCSSC, MIAI for $1b fund to support industrialization, boost Africa-South cooperation
The African Export-Import Bank, the Finance Center for South-South Cooperation and the Made-in-Africa Initiative announce a joint effort to mobilise $1bn in equity fund to channel foreign direct investment from developing (South) economies.
TradeMark East Africa and the Government of Uganda have signed a Host Country Agreement (HCA) extending their partnership to 2023.
Global logistics provider Agility has leased warehouse space in the Agility Warehouse Park in Ghana to Cummins for a new West African Distribution Center.
[Africa Tech Week] Beyond borders partnerships herald new ICT dawn, Great tidings for tech startups, investment in technology soars
The Africa tech week has been abuzz with news of cross border public and private sector partnerships, companies aligning themselves with the burgeoning demands of the continent’s ICT sector and the growing IT spend.
[Nigeria Business Week] With Construction, Agribusiness, Oil and Gas and startup hubs, Nigeria leaves no sector behind
Two years ago Nigeria was as good as drowning in debts, unemployment, reduced investment and general widespread discontent. Today, though still a work in progress, the country has exited recession and is fast regaining its momentum.
Philips and the governments of Ethiopia and the Netherlands sign seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center
Royal Philips and the governments of Ethiopia and the Netherlands today signed a seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center to address the critical shortage of cardiology services in Ethiopia.
A total of N14.86 billion has been invested by the Shell Petroleum Development Company of Nigeria operated Joint venture on Global Memorandum of Understanding (GMoU) clusters in Rivers State.
SEACOM will connect Kenyan companies to one of 152 Microsoft data centres including London, Dublin, and Amsterdam.
Zimbabwe has become the 19th member state of the Africa Finance Corporation (AFC), Africa's leading infrastructure development finance institution.
Nigeria has signed an agreement of $6.68billion with China Civil Engineering Construction Corporation for a major segment of rail line linking the economic capital Lagos with Kano, northern Nigeria's commercial hub.
The Africa Panel session at ITW challenged African policymakers to proffer incentives to encourage the deployment of broadband infrastructure of scale to support the rollout of much-needed infrastructure to rural areas.
The African Development Bank and the United Nations Industrial Development Organization signed a Memorandum of Understanding on Monday, May 21 to step up collaboration to boost Africa’s industrialization.
Comsol Networks, a provider of enterprise-grade Layer 2 fixed wireless infrastructure, has announced a collaboration with global technology giants Verizon and Samsung, to launch 5G fixed wireless trials in South Africa.
Fairfax Africa Holdings Corporation has agreed to invest $24 million at current exchange in Consolidated Infrastructure Group Limited, a pan-African diversified infrastructure group, by way of a secured convertible loan.
The Nigerian oil and gas scene remains as active as ever, with changes surfacing on an almost daily basis. Last week saw the country’s first Marine Engineering Center commence its programs of 18 month academic and field work, which will lead to a masters in Marine Engineering.
Frontier technologies are converging through the increasing use of digital platforms to produce new combinatory technologies, accelerating the pace of change across multiple sectors.
Rosatom and Zambia sign general contract for construction of Centre for Nuclear Science and Technology
State Atomic Energy Corporation Rosatom and the Republic of Zambia signed a general contract for the construction of a Centre for Nuclear Science and Technology.
Rapid advancements in information communications technologies (ICT) over the past 20 years has substantially altered the ways in which people live, work, play and interact with one another.
Ethiopian Railways Corporation picks Smith Detection Technology for security along the new Ethiopian-Djibouti railway route
Ethiopian Railways Corporation has selected Smiths Detection technology to safeguard people and infrastructure on the vital new railway link between Ethiopia and the port at Djibouti.
The Centre for Nuclear Science and Technology in Zambia will ensure wide application of radiation technologies in medicine, industry, and agriculture.
The new facility in Ethiopia will coordinate hydropower projects in nine countries in the east of the continent
Mr. Yogida Sawmynaden, the Minister of Technology, Communication, and Innovation said events such as Cloud Camps prepare participants to be doers rather than just learners and become agents of change.
Through the Regional Communications Infrastructure Program (RCIP), a World Bank initiative, NITA-U has been able to access some funds to start building the Government Cloud.
KT Rwanda Network announced to complete 4G LTE network coverage to more than 95%
[Nigeria] African Development Bank approves $1.5m for Jigawa on-grid IPP solar power procurement program
The Board of Directors of the African Development Bank has approved a US $1.5-million grant from the Sustainable Energy Fund for Africa to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer Solar Procurement Program.
Africa Finance Corporation, the infrastructure multilateral development finance institution, has announced its 2017 financial year results.
Africa must urgently upgrade its maritime and logistic infrastructure in order to successfully promote the continent’s trade, especially intra-African trade, the African Export-Import Bank (Afreximbank), has said.
The Asian Infrastructure Investment Bank’s Board of Governors has approved Kenya to join the bank as a non regional prospective member bringing the China- led infrastructure bank’s membership to 86.
In full year results for the year ended December 2017, Lafarge Africa Plc recorded net sales of N299 billion. This represents a 36 per cent growth relative to the corresponding period in 2016.
German-based transportation multinational Hapag-Lloyd has unveiled its new office in Tema, the most important port city in Ghana.
Air traffic across Africa is expected to soar over the next 20 years to over 300 million passengers, which is great news for African economies - so long as they have the infrastructure to sustain it
TradeMark East Africa and Rwanda Transport Development Agency unveil $14.2 million project to improve transport on Lake Kivu
TradeMark East Africa (TMEA) and Rwanda Transport Development Agency have unveiled plans to commence on a project that will improve water transport on Lake Kivu, through interventions at Karongi port, Rubavu port and Rusizi port.
The President of Tanzania, John Pombe Magufuli, and the President of the African Development Bank, Akinwumi Adesina, commissioned the Dodoma-Babati road project on Friday.
International Consortium Signs Interim Phase Agreement with Federal Government of Nigeria for Rail Concession
Following its award of preferred bidder status by the Federal Government of Nigeria in May 2017, an International Consortium last Friday in Washington D.C, signed an agreement to proceed with the Interim Phase of the Nigerian narrow-gauge railway concession.
Growing industrial sector to drive Côte d'Ivoire uninterruptible power supply systems market by 2024, 6Wresearch
Construction of new industrial zones in cities such as Bonoua, Abidjan, Yamoussoukro, Bouake, Man, and San Pedro coupled with infrastructural development activities would fuel the growth Côte d'Ivoire UPS systems market over the coming years.
Marriott Hotels, part of Marriott International, today announced its debut in West Africa, with the highly anticipated opening of Accra Marriott Hotel.
Merck Foundation connects Africa to Asia to build the Cancer and Fertility Care capacity in both continents
Merck Foundation, the philanthropic arm of Merck KGaA Germany, commits to building Cancer care capacity in Africa and Asia through its partnership with India.
MainOne, West Africa’s leading communications and data solutions provider, has announced the establishment of a new point-of-presence (PoP) in Takoradi’s Business District, extending the company’s reach in Ghana.
IFC, a member of the World Bank Group has announced the formal launch of ‘Africalease’, an association that will promote leasing across sub-Saharan Africa.
GAC South Africa has opened its fifth branch, to provide a portfolio of shipping services for oil & gas projects and LPG shipments at Port Elizabeth as well as its neighbouring port Ngqura
Angola has accepted the offer of Russia’s Roscosmos to build Angola’s second satellite, AngoSat-2
Hosken Passenger Logistics and Rail Limited has listed in the "Travel and Leisure" sector of the JSE's main board. Hosken Passenger Logistics and Rail Limited is the 2nd company to list on the JSE this year.
Pan-African telecoms group Liquid Telecom and Serianu, a pan-African cybersecurity specialist firm, have announced a new partnership to improve cybersecurity standards and practices across Africa.
[Nigeria] NNPC awards Oando Engineering, Procurement and Construction mandate to develop Ajaokuta-Kaduna-Kano gas pipeline project
A two party consortium consisting of Oando, in conjunction with its midstream affiliate, Axxela Limited and Oilserv Limited, has been awarded the Engineering, Procurement, Construction mandate for the Ajaokuta – Abuja portion (Lot 1) of the Ajaokuta-Kaduna-Kano Pipeline system by the NNPC.
Angola has accepted the offer of Russia’s Roscosmos to build Angola’s second satellite, AngoSat-2, Jornal de Angola reported, citing Minister of Telecommunications and Information Technology Jose Carvalho Da Rocha.
Historically, the growth of cities and their development has always been haphazard. For instance, the growth of Nairobi was based on the needs of the then new railway line that ran through to the port of Mombasa.
The study explores the potential impact of technology in global labour markets and identifies concrete actions countries can take to prepare for the changing nature of jobs and leverage the benefits of emerging technologies.
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.