News

MTN Uganda and Mastercard diversify Mobile Money services in Uganda

09-25-2018 | 10:44:00
MTN Uganda in partnership with Mastercard and United Bank for Africa have announced a new service that will enable quicker, safer and more convenient online payments globally.

Sharp increase in US demand for top leaders in Africa, says firm

09-25-2018 | 10:36:00
Debbie Goodman-Bhyat, CEO of Jack Hammer, the largest independent executive search firm in Africa, says in the past year there has been a 75% increase in briefs from US-based businesses seeking assistance with leadership appointments in Africa.

DHL Global Forwarding names Egidio Monteiro CEO for Southern Africa

09-25-2018 | 10:23:00
DHL Global Forwarding, the leading international provider of air, sea and road freight services, has appointed Egidio Monteiro to take on the role of CEO, Southern Africa, with effect from 1 October 2018.

Value of transactions at COMESA clearing house crosses $50million mark

09-25-2018 | 09:23:07
The value of transactions processed on the Regional Payment and Settlement System (REPSS) has now crossed $ 50 million worth of transactions with nine Central Banks in COMESA region using the system.

Internet Society, Facebook to expand internet connectivity in Africa

09-25-2018 | 09:12:31
The Internet Society, a global non-profit organization dedicated to the open development, evolution and use of the Internet, has announced that it is partnering with Facebook to develop Internet Exchange Points (IXP) throughout Africa.

Access Bank partners WorldRemit for instant money transfers to Nigeria

09-25-2018 | 07:36:00
Digital money transfer service WorldRemit has partnered with Access Bank for instant money transfers to Access Bank accounts in Nigeria.

[South Africa] Prodigy Finance secures R14.39b debt financing in 1year

09-25-2018 | 07:22:19
Prodigy Finance announces that it has raised R14.39 billion in the last twelve months in available debt financing.

Tullow Oil abandons Cormorant-1 Well exploration in Nambia

09-25-2018 | 06:46:00
Tullow Oil has announced that the Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia, encountered non-commercial hydrocarbons and the well is being plugged and abandoned.

[Egypt] IFC, Banque Misr ink new deal to support female entrepreneurs

09-25-2018 | 06:40:12
IFC, a member of the World Bank Group, has signed an agreement with Banque Misr, Egypt’s second-largest bank, to help expand the number of women-led businesses in its SME Banking portfolio.

Eni, UNDP partner to promote sustainable energy and SDGs in Africa

09-25-2018 | 06:38:00
Energy major Eni SpA and the United Nations Development Programme are joining forces to improve access to sustainable energy and help achieve the Sustainable Development Goals in Africa.

Mauritania signs economic partnership agreement with EU

09-25-2018 | 06:29:31
Mauritania has become the 15th West African country to have signed the region-to-region Economic Partnership Agreement (EPA) with the European Union, an agreement negotiated with 16 countries of the region.

MTN Zambia, Astria Learning pact connects youth to college education

09-25-2018 | 06:25:24
The renewed partnership between Astria Learning, a global e-learning solutions provider and Zambia’s telecommunications company, MTN Zambia has seen a larger percentage of Zambia’s economically challenged young adults obtain a college level education online.

Montero Mining, Jiang Xi Yun in lithium production plan in Africa

09-25-2018 | 06:17:00
Mineral exploration and development company Montero Mining and Exploration Ltd has signed a deal with the Jiang Xi Yun Lithium Materials Company Limited of China for joint cooperation and development of lithium production in Africa.

AfDB supports Ghana’s Renewable Energy Sector with $1.5m grant

09-25-2018 | 05:25:00
The African Development Bank has approved a US$1.5 million grant from its Sustainable Energy Fund for Africa (SEFA), to assist Ghana’s s renewable energy investment drive.

OFID invests in Egypt’s renewable energy youth program

09-24-2018 | 11:14:08
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.

Scatec Solar increases stake in three South Africa’s operating plants

09-24-2018 | 11:13:49
Scatec Solar has increased its ownership share in Kalkbult, Linde and Dreunberg in South Africa from 39 to 45 per cent.

[Sierra Leone] Government picks Agrotop for $60m chicken project

09-24-2018 | 09:44:30
The government of Sierra Leone has chosen Agrotop, a global player in livestock turnkey projects to construct a large-scale layer and pullets farm at an investment of $60 million.

Seychelles and Curacao to conclude a customs cooperation agreement

09-24-2018 | 07:55:59
Secretary of State of Foreign Affairs, Ambassador Barry Faure, and Principal Secretary of Trade, Ms. Cillia Mangroo, have concluded a two-day official mission in Curacao geared specifically towards concluding an Administrative Cooperation Agreement.

London court continues restraint against Djibouti Port Company

09-24-2018 | 07:50:00
The High Court of England and Wales in London has continued the injunction prohibiting the Government of Djibouti’s port company, Port de Djibouti S.A. from interfering with the management of the joint venture company.

Rwanda, Japan sign $24m deal to improve electricity distribution

09-24-2018 | 07:38:28
The Government of Rwanda and Japan International cooperation Agency (JICA) have signed a financing agreement worth $ 24 million to support the third phase of rehabilitation of substations and electricity distribution network.