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.
Southern African countries need to collaborate more in their quest to exploit opportunities presented by the blue economy, a ministerial high level roundtable agreed.
Amref Health Africa through the Institute of Capacity Development have signed a Memorandum of Understanding with Aga Khan Foundation East Africa.
South Africa’s efforts to strengthen its financial sector stability and improve financial inclusion got a boost with the signing of $4.6 million multi-donor Trust Fund program by the World Bank Group and the Swiss State Secretariat for Economic Affairs.
The African Development Bank’s Fund for African Private Sector Assistance, has approved a grant of US $1 million to Liberia, to provide technical assistance to its fast-growing wood processing industry.
The United States Environmental Protection Agency (USEPA) has launched an initiative to strengthen air quality management in Addis Ababa.
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.
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).
NikGroup, a consulting firm based in Ghana, wants to push for the adoption of the blockchain for social change as the government struggles to fight corruption in Ghana.
Mergers, expansions, partnerships, taxation controversy and delays at major installations have dominated Kenya’s headlines this week.
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.
The 164th Session of the Governing Board of the OPEC Fund for International Development (OFID) has approved over US$270 million of new funding to benefit developing countries across the globe.
OFID, the OPEC Fund for International Development has extended grants in support of the Regional Centre for Renewable Energy and Energy Efficiency (RCREEE) and Bibliotheca Alexandrina.
The Legatum Center for Development and Entrepreneurship at MIT, has named South African startup Wala as the grand prize winner of the 2018 Zambezi Prize for Innovation in Financial Inclusion, as well as the regional winner of the MIT Inclusive Innovation Challenge.
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, 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.
Naspers’ Classifieds business, OLX Group, has announced an investment of ZAR 1.4 billion in South Africa’s specialised car buying service, Webuycars.
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.
Egypt has seen a two percent drop in its software piracy rate to reach (59%), the U.S.-based Business Software Alliance said in its recent study, released last June.
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.
Kenya Association of Manufactures (KAM) has signed an MoU with the National Transport and Safety Authority (NTSA) and Kenya Association of Waste Recyclers for PET plastic waste management.
On Friday, the pan-African infrastructure investment platform, Africa50, inaugurated its headquarters in Casablanca
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.
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 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.
ADvTECH has announced the acquisition of Monash South Africa (MSA), a leading South African private tertiary education institution with students from more than 50 countries.
Mr. Joe Watson Gakuo is the Chief Executive Officer of Oleum Holdings Limited, and the founder of Upstream Awards.
As African economies continues to develop, trade plays a vital role in raising living standards and improving the lives of their citizens.
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.
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.
As part of employee volunteer programme, Samsung has arranged the Global Start-up Acceleration Programme in South Africa, in partnership with (SEDA) and NGO Nangila to mentor start-ups in various fields to support the sustainable growth of entrepreneurs.
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.
Food losses and waste are an enormous drain on natural resources. Roughly one-third of the annual food produced globally for human consumption — approximately 1.3 billion tonnes — is lost or wasted.
Comsol Networks, a leading provider of enterprise-grade wireless infrastructure, and Samsung South Africa have lit up Vilakazi Street in Soweto with a live 5G pilot network.
Botswana President Mokgweetsi Masisi said his government is confident that it will establish a lucrative beef market with the People’s Republic of China.
UN-Habitat, working in concert with its partners, has embarked on a cities campaign on Equitable Economic Growth in two Kenyan secondary towns of Kajiado and Ol-Kalou.
Experts from UN-Habitat, United Nations Economic Commission for Africa, African Union Commission, United Cities and Local Governments of Africa, members of academia, representatives from civil society and local governments met in Nairobi to chart out the process of elaborating a Model Law.
Vodacom region has announced that it has invested over a quarter of a billion rands on capital expenditure over the past two years, targeted primarily at expanding its 3G and 4G footprint.
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.
Angola’s growth prospects are set to rise as the country continues to make strides towards a more positive economic course.
At first glance, it seems business as usual, but that could not be farther from reality. Business has never been more positive, rapid, nor disruptive.
A Study carried out on more than 1000 entrepreneurs in South Africa revealed that entrepreneurship in South Africa is not thriving, despite the fact that South Africa is one of Africa's strongest economies.
In recent years, rapid urbanization trends have been accompanied by global climate changes and a dramatic increase of natural disasters.
Artisanal timber millers are the key suppliers to Ghana’s domestic timber market. However, they have only limited access to commercial timber from production forests.
The Chartered Institute for Securities & Investment (CISI) and the Chartered Institute of Bankers of Nigeria (CIBN) are delighted to announce the signing of a cooperation agreement in London.
Majority of African countries are struggling to follow the lead of Asian countries in using agriculture to spark widespread economic growth because they have yet to marshal strong political support for agriculture.
The amount of sustainable cocoa sourced by Cargill in Ghana has doubled since the establishment of its own licensed buying company model, and over 13,000 cocoa farmers are now benefiting from the initiative.
In the newly electrified villages of Tanzania’s Tanga and Pwani regions, productive use of energy champions are inspiring local communities to use the new power source for income-generation.
As part of efforts to grow Nigeria's Information and Communication Technology sector, the Export-Import Bank of China will provide a loan of $328 million to support the country.
The United Nations is revamping its action plan to address the root causes of the complex crisis in Africa’s Sahel region, in particular outlining a development vision for the region.
OFID, the OPEC Fund for International Development has signed public sector loan agreements totaling to US$37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
Despite the additional pressures of unrelenting regulatory and insurance accounting changes, and the huge costs associated with the changes, there are some positive developments and opportunities for growth.
As part of his visit to China on the sidelines of the FOCAC Summit, President of the Federal Republic of Somalia H.E Mohamed Abdullahi Farmajo visited Huawei's Beijing Executive Briefing Center and met with Yi Xiang, Senior Vice President at Huawei.
On his state visit to China, President Mokgweetsi Masisi of Botswana expressed that Botswana looks forward to cooperating in depth with Huawei, to promote socio-economic development and achieve sustainable development of Botswana through digital transformation.
The East African Community (EAC) and the Food and Agriculture Organization of the United Nations (FAO) have reaffirmed their commitment in creating more job opportunities for East African youth in the agriculture sector.
Stakeholders in the Kingdom of Eswatini have welcomed the introduction of the 50 Million African Women Speak (50MWS) project following a two-day workshop conducted by COMESA.
The South African Government has approved a draft to increase renewable energy generation.
IFC, a member of the World Bank Group, and Egypt’s Ministry of Investment and International Cooperation (MIIC) have signed an agreement to support young entrepreneurs and start-ups in Africa to drive innovation and economic growth.
Azuri Technologies, a provider of pay-as-you-go solar home systems and Unilever Kenya, have announced a partnership to bring solar home solutions to millions more off-grid homes across Kenya.
Kenya’s second National Construction Week at Kenyatta International Convention Centre from 7-9 November 2018, is set to enhance contribution of the construction industry towards the Big Four Agenda.
The SADC Executive Secretary, Dr. Stergomena Lawrence Tax received a letter of credence to SADC from the Representative of Food & Agriculture Organization (FAO) to Botswana, Mr. Rene Czudekat the SADC Secretariat Head Offices in Gaborone, Botswana.
USTDA’s Director of Congressional and Public Affairs, Thomas R. Hardy, joined President Uhuru Kenyatta of the Republic of Kenya at a round table discussion with U.S. businesses.
The African Development Bank Group has signed loan and grant agreements with the Government of Togo for a total of some 16.63 billion FCFA, as part of its Food Processing Project.
Software technology company BanQu has developed the first-ever, blockchain economic-identity technology solution that enables a secure, immutable platform and creates economic opportunities for small-scale farmers in Africa.
The Off-Grid Energy Access Fund (OGEF) had its first close with committed capital of $ 58 million from the African Development Bank, the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On.
UN-Habitat, General Organization for Physical Planning and New Urban Communities and UN-Habitat have announced the launching of the project RAS EL HEKMA Waterfront new city in Egypt.
The Embassy of the People's Republic of China has exempted the government of Botswana from payment of the three interest free loans.
The African Development Bank (AfDB) and FAO have agreed to boost joint efforts aimed at catalysing agriculture sector investments in Africa to end hunger .
The United Nations Industrial Development Organization (UNIDO) has taken part in the Regional Youth Conference in Rwanda.
Kenya has one of the most dynamic and innovative economies in sub-Saharan Africa.
The mobile industry is changing at an exponential rate as new influences shape the way consumer expectations rise.
The UN Secretary General’s Special Envoy on Road Safety – Mr. Jean Todt has unveiled the Cameroon Road Safety Performance Review Report jointly commissioned with the UN Economic Commission for Africa.
The Government of the Republic of Namibia and the African Development Bank have signed a loan agreement worth US$ 217.8 million (ZAR 3 billion) to finance the second phase of the Namibia Economic Governance and Competitiveness Support Program.
There are two strong arguments why we need to get greater women and youth involvement in agriculture – pragmatic and strategic.
Kenya’s war on counterfeits and illegal trade has received a major boost with the signing of a $1.5 million financing agreement between UK Department for International Development and The Anti-Counterfeit Agency.
BBOXX, a next generation utility, has launched a pilot to provide internet access for communities in Rwanda.
While the apartment hotel space is relatively new territory in Africa, with only a handful of significant players, great possibilities exist on the continent.
Itanna will roll out four-month innovation programmes for tech-enabled Nigerian startups from its newly built Enterprise Factory in Lagos, with its pilot cohort of startups receiving USD $25,000 each in investment from Honeywell Group.
The South African Revenue Service, the Tobacco Institute of Southern Africa and the Fair-trade Independent Tobacco Association have discussed how to combat illicit trade in cigarette.
Each year counterfeit goods cost the Kenyan economy $300 million in a well-oiled illicit trade that has not only taken away the citizen’s right to quality and genuine products, but put their lives at risk by infiltrating their markets with substandard goods.
Maize flour prices in Kenya have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western region, easing inflationary pressure.
Safaricom, Kenya’s largest telecommunication service provider is in the process of developing a framework that will deal with the sim card swap fraud.
Mines, a Nigerian fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth.
Calvert Impact Capital, the mission-driven investor dedicated to creating a more equitable and sustainable world has announced the closing of a $5 million loan to One Acre Fund.
In recent times, there is a growing recognition of the important role that small and medium-scale enterprises (SMEs) play in the economic growth and development of Nigeria.
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.