Fifteen teams of a total of 32 emerging African social entrepreneurs have been selected as winners of the 2018 Resolution Social Venture Challenge.
The Johannesburg Stock Exchange, JSE, has recorded an improvement in the 2018 ESG Rating, thereby entrenching its place in the FTSE/JSE Responsible Investment Top 30 index.
Kenya is losing at least Sh120 billion in revenue to unregistered agro-chemicals dealers and counterfeit pesticides, according to Agrochemicals Association of Kenya (AAK) chairperson Patrick Amayunzu.
Oil and gas executives and business leaders drawn from the oil and gas value chain will be gathering in Dar es Salaam, Tanzania, on Friday, 17th August 2018, for the launch of the Upstream Oil & Gas Awards.
From September 5-7, 2018 in Cape Town, Africa Oil & Power will welcome the Secretary Generals of the Organization of the Petroleum Exporting Countries.
OFID, the OPEC Fund for International Development, has signed public sector loan agreements with Côte d’Ivoire and Malawi to help boost socio-economic development and living standards.
Business owners in Angola from such sectors as aquaculture, information technology and education were among the first graduates of a new UNCTAD-run entrepreneurship training programme.
Dame Daphne is celebrated world over for her pivotal role in creating the most successful rescue and rehabilitation programme in the world through her trailblazing work with orphaned elephants in Kenya.
The Executive Secretary of UN Economic Commission for Africa, (ECA) Vera Songwe has said that combating bribery, money laundering and tax evasion should be a priority if Africa has to finance its transition to middle income status.
The upcoming third edition of the Nigeria Mining Week in Abuja from 15-17 October 2018 will provide access to all the practical knowledge, valuable connections, decision makers for would-be and established mining companies.
Vivo Energy Uganda, the company that distributes and markets Shell branded fuels and lubricants in Uganda, NBS Television and National Environmental Management Authority have developed and launched an environmental campaign
Seven years ago five women from Khelcom Birane, a village in central Senegal, set up a farming cooperative with only $10.
International organisations have shown an increased interest in the Nigerian economy since the stablization of the dollar and the exit from the recent crisis that befell the country.
The Village Enterprise Development Impact Bond (DIB), the first impact bond designed to reduce extreme poverty in rural sub-Saharan Africa, has closed its initial round of funding.
Power utility company Kenya Power has launched new customer service centers dubbed ‘Power Clinics’ to improve service delivery and enhance customer satisfaction.
President Yoweri Museveni has said that a number of Government of Uganda funded contracts worth $2.4bn have been given to Chinese companies especially on roads and recently security cameras worth $120 million.
IFC, a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa.
The Government of Rwanda and One UN Rwanda have signed the second United Nations Development Assistance Plan for Rwanda 2018-2023 (UNDAPII)
Uganda has become the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the development partners.
Egypt and the United States have signed five bilateral assistance agreement amendments worth $45 million that demonstrate continued support from the American people for joint U.S.-Egypt priorities in health, education, governance, and agriculture.
Africa (iA), a non-profit organisation, and Bayport Management Ltd have formed a partnership to help communities across Africa to improve their living conditions through access to clean water and lighting.
SunCulture, a Kenyan-based technology company and a provider of solar water pumps and irrigation solutions for small holder farmers, has closed an investment round with the EDF Group.
Overall, the economy has been performing well, with growth estimated at 4.2 % in 2017 and projected at 5.0 % in 2018, according to the latest edition of the World Bank’s Madagascar Economic Update, released today.
Duduzile Mkhwanazi is the Chief Executive Officer of South African non-profit organization, Project Isizwe, an organization dedicated to bringing internet access to the populace.
The African Development Bank on Thursday signed a US$41-million grant agreement with Republic of Sudan to finance a public sector Agriculture Value Chain Development Project in the country.
Lagos-based value airline start-up, Green Africa Airways has joined the Flight Safety Foundation.
By 2030, it is estimated that Africa’s urban food markets will be valued at US$1 trillion.
Greenpeace Africa has published a report explaining how Singaporean based Halycon Agri and its Cameroonian subsidiary- Sudcam operate a sordid rubber plantation business in Cameroon.
Despite more than 80 per cent of the beef consumed in Kenya being produced by pastoralists according to a 2011 study, they still struggle with poor market prices and scarcity of fodder.
Living in northern Kenya’s Isiolo and Marsabit counties means facing frequent droughts and climate shocks and, for businesses, often facing isolation from financial services, like loans, and strong markets.
58,500 smallholders in Ghana, Malawi, Uganda and Zambia will benefit from outgrower programmes backed by AgDevCo's Smallholder Development Unit , with farmer incomes set to collectively increase by $8.8 million per year.
The International Finance Corporation is committed to financially support Egypt’s private sector with a $2 billion fund by 2019, a value which might increase to fund entrepreneurship and SMEs.
While corporate connectivity will provide the foundations of a growing economy, the provision of technology solutions within the SME sector will ensure Zimbabwe’s growth path is as inclusive and wide-ranging as possible.
The Board of Directors of the African Development Bank has approved an unfunded US$ 250-million Risk Participation Agreement with ABSA Bank Limited.
The United Nations Industrial Development Organization and Mauritania’s Ministry of Commerce, Trade, Tourism and Industry have launched the UNIDO Country Programme to stimulate the structural transformation of the national economy.
As part of the revamped strategy to stem illicit financial flows from Africa, the IFF Working Group has met, to discuss implementation of the recommendations of the High Level Panel Report on Illicit Financial Flows from Africa.
Smallholder farmers in rural villages of Murang’a County in Central Kenya have traditionally grappled with produce glut and poor market pay as a result of over production of key produce like vegetables and fruits.
Kenya continues to be a global frontrunner in embracing renewable energy. Ordinary citizens are driving this revolution.
Africa Plantation Capital has signed an agreement to supply bamboo biomass to Bidco Africa group for a green and sustainable energy source.
The Executive Secretary of the Economic Commission for Africa has stressed that the aspirations of Agenda 2063 and Agenda 2030 "will require tackling the illicit financial flows that are costing the Continent a great deal of resources.
The African Export-Import Bank and the World Trade Center Miami Inc have signed a three-year memorandum of understanding that will enable the two institutions benefit from each other’s knowledge, experience and capabilities.
As part of its External Investment Plan, the EU has given its green light to a package of financial guarantee programmes worth around €800 million.
The Initiative for Global Development's Board of Directors has announced that Leila Ndiaye will be promoted to President and Chief Executive Officer (CEO) of IGD.
The Africa Infrastructure Fellowship Program (AIFP)-a joint initiative between the Global Infrastructure Hub (a G20 initiative), private investment firm Meridiam, and the World Economic Forum (WEF)-has been formally announced.
More than 440,000 smallholder farmers in Mali will soon have better access to rural financial services thanks to a new agreement signed by the International Fund for Agricultural Development (IFAD) and Mali.
A tailor-made technical assistance project to reinforce the effectiveness of consumer protection law and policy in Morocco has been designed by UNCTAD after a novel voluntary peer review.
A new study by the Access to Seeds Index evaluated 73 seed companies across 19 countries in Eastern and Southern Africa. This resulted in the selection of 22 companies best positioned to support the productivity of smallholder farmers and the SDGs.
GE Power’s Grid Solution business today announced that it has signed its first contract with Botswana Power Corporation on May 24, 2018.
IFC, a member of the World Bank Group, and the Global Agriculture and Food Security Program have announced a $4 million loan to support the expansion of Global Tea & Commodities and its subsidiaries.
Sudan's economic future may rest in the hands of its smallholder farmers. Two thirds of the country's population, 36.2 million people, live in rural areas and agriculture provides essential employment for 70-80 percent of the labour force.
Alibaba Business School and the United Nations Conference on Trade and Development brought 29 young entrepreneurs from 11 countries across Africa to the Alibaba campus in Hangzhou, China for the third eFounders Fellowship cohort.
ECA’s Executive Secretary, Vera Songwe announced that plans are underway to set up the African Women Leadership Fund to help speed up the growth of women-led businesses around the Continent.
The African Development Bank has signed a memorandum of understanding with the U.S. Trade and Development Agency to partner under USTDA’s Global Procurement Initiative: Understanding Best Value.
FAPA donors have approved four projects worth US $3.9 million, bringing the total number of FAPA approved projects to seven and the cumulative grant amount to US $6.4 million since the beginning of this year.
A delegation from Vodacom Limpopo was joined by Chief Nemubvumoni Fhatuwani Alfree and scores of community members at the unveiling of a new base station site in Duvheledza village, located in the Thulamela Municipality.
The breakneck economic growth that Angola enjoyed following the end to decades of civil conflict in 2002 came to a sudden stop when the price of oil crashed in 2014.
This week has shown interesting developments in a wide range of sectors in Nigeria - Hospitality, Real Estate, Agribusiness, Banking, Automotive, Oil and Gas and as always, ICT remains a busy sector.
TEMBISA, the Youth Employment Service has launched its first Community Hub, a smart infrastructure solution that aims to address youth unemployment challenges in South Africa.
As one of East Africa’s big brothers in economic growth and development, Kenya has this week continued to attract praise and investment with its landmark investments delivering impressive payoffs.
IFC, a member of the World Bank Group, and the Financial Regulatory Authority of Egypt have launched a consultation process for guidelines to foster the development of the country’s green bond market and help address climate change.
The World Bank has approved a $200 million International Development Association (IDA) credit to assist Kenya in managing the impacts of climate and disaster risks.
The Government of Uganda has released its strategy to deliver on commitments under the Paris Agreement, in a blueprint known as the Uganda NDC Partnership Plan.
The Government of the Republic of Congo and the UN Economic Commission for Africa (ECA) have laid the foundations for the formulation of Congo Vision 2047, the country’s long-term framework to build a prosperous and peaceful nation.
Postal services can play a pivotal role in delivering remittances, lowering the transfer costs and providing access to basic financial services in Africa, according to a report recently released.
Public utility company Kenya Power will spend KShs.13 million to fund Corporate Social Investment (CSI) programmes championed by employees across the country.
Mastercard and Selcom have expanded their collaboration by signing a seven year strategic partnership agreement to introduce a variety of payment solutions in the country, thus supporting Tanzania’s goal of becoming a cashless economy.
In a bid to help Uganda improve heath and productivity in the country’s major towns, the African Development Bank has approved a US$ 62-million concessional loan to finance its Strategic Towns Water Supply and Sanitation Project.
The United Nations Development Programme (UNDP) has launched a Pan-African Entrepreneurship Portal-Platform, facilitated by Accenture.
Bancor, the decentralized network for digital currencies, has announced it is launching the world’s first blockchain-based community currencies in Kenya aimed at combating poverty.
COMESA has successfully launched the 50 Million African Women Speak (50MWS) project, a women economic empowerment initiative, in Malawi.
While the cities of West Africa grapple with large migratory flows, consisting chiefly of young people, they must tackle the many challenges associated with this rapid urbanization.
The CEO of Melvin Marsh International Limited and the chairlady of the Kenya Association of Manufacturers Flora Mutahi has been appointed to the board of the United Nations Global Compact.
Botswana is a shining light and beacon of hope in the fight against corruption in Africa and has one of the best anti-corruption profiles on the continent.
By ramping up their lending to female entrepreneurs, banks in Tunisia could dramatically increase their profits while also driving economic growth across the country, says a new report from IFC, a member of the World Bank Group.
Ghana’s flagship policies might well stimulate the country’s economy but they won’t do much to get rid of poverty, even though that is their stated aim, says a UN human rights expert.
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.
The Lusaka City Council has launched a Social Inclusion and Gender Policy aimed at ensuring that Council promotes a conducive and enabling working environment and ensures that its services reach all intended beneficiaries.
Amref Health Africa has been chosen to host the Strategic Purchasing Africa Resource Center, a new initiative aimed at strengthening strategic health purchasing in sub-Saharan Africa.
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.
The World Bank has approved a $50 million International Development Association credit to increase scale innovation and productivity amongst Kenya’s enterprises.
Nestlé Nigeria, in collaboration with International Fertilizer Development Centre, is helping farmers improve their livelihoods by empowering smallholder farmers on sustainable farming practices under the initiative, Nestlé Nigeria & IFDC/2Scale Project Sorghum & Millet.
The World Bank has approved an International Development Association credit of $40 million to improve Madagascar’s electricity sector governance and operations.
Ford Motor Company Fund is expanding its community empowerment and upliftment programs in South Africa with the establishment of the Booth Schoch Future Success Fund.
More than sixty women and women’s groups involved in agricultural processing in the most impoverished areas of Tanzania will receive commercial and technology training to boost their productivity and profitability.
A 24-year-old Ugandan software engineer has won the Africa Prize for Engineering Innovation.
The African Development Bank Board has approved a US$15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa.
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.
A consortium led by SNV Netherlands Development Organisation is set to roll out a five year Climate Smart Agriculture programme in Kenya, Tanzania and Uganda following a €39.5 million,grant from The Netherlands Ministry of Foreign Affairs.
Act4Accountability (ACT4) and the Mastercard Foundation have announced the Diaspora Initiative to Support Youth Training Organizations ("DISYTO") in Nigeria and Uganda.
The African Development Bank approved on June 6, 2018 a senior loan of US $29.5 million and a concessional loan of US $20 million from the Climate Investment Funds Clean Technology Fund to Quantum Power East Africa GT Menengai.
With Kenya and African demand for charcoal as a cheaper and affordable energy source expected to hit unprecedented highs in coming years, industry players have called on sustainable ways of producing it.
The forming and maintaining of strategic, mutually beneficial partnerships is pertinent to the development of any economy, especially a growing one like Nigeria.
Kenya Climate Ventures (KCV), a World Bank Fund has concluded an investment round in Sistema.bio to deliver sustainable renewable energy and agricultural solutions to farmers in Kenya.
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.
Cornelia Richter, Vice-President of the International Fund for Agricultural Development has been in Kenya for a five-day visit where she has met with Deputy President William Ruto to discuss expanding successful rural development investments.
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.
Mrs. Jane Ngige is synonymous with tenacity, tact and celestial zeal. For the more than ten years she was the CEO of Kenya Flower Council, she is credited with having introduced transformative reforms.
Africa boasts huge potential for social and economic development, with agribusiness poised to play a major role.
At first glance, one cannot help but notice that Nigeria is prime ground for investment. Any doubts as to that fact are dissolved when you examine the sheer number of startups being funded, especially in the ICT sector.
The clinic aims to support participating countries foster cybersecurity at the national and regional levels by identifying challenges and opportunities to move forward their cybersecurity agenda and develop a regional approach to solve cybersecurity challenges