News

UNDP launches regional stabilization facility for Lake Chad

07-22-2019 | 09:21:00
The United Nations Development Programme (UNDP) has launched the Regional Stabilization Facility for Lake Chad, a multi-million dollar fund to scale up the range of stabilization intervention in areas of Lake Chad Basin.

[Nigeria] NNPC records N6.33b trading surplus

07-22-2019 | 09:03:00
The Nigerian National Petroleum Corporation has announced a trading surplus of N6.33 billon for the month of May 2019, a figure which is 13 per cent higher than the N5.60 billion surplus posted in the preceding month of April 2019.

[Angola] Average cost of oil production per barrel rises 12 per cent

07-22-2019 | 08:56:50
The weighted average cost of producing a barrel of oil per block in 2018, excluding abandonment costs, rose 12 percent to $ 7.53 versus $ 6.74 in 2017.

ECA and OCP sign agreement on innovation and agriculture investments

07-22-2019 | 08:53:05
The Economic Commission for African (ECA) and the OCP S.A.have signed an MoU aimed at strengthening collaboration on innovations and investments in agriculture using science and technologies

[Ethiopia] Addis Ababa Airport sees record upsurge in number of passengers

07-22-2019 | 06:29:00
A record number of international passengers are traveling through Addis Ababa Bole International Airport, the major gateway into Africa, this summer.

HMD launches Nokia 2.2 in Kenya

07-22-2019 | 06:27:27
HMD Global, the home of Nokia phones, has announced the new Nokia 2.2, delivering sophisticated AI powered low light imaging and Google Assistant at the press of a button.

[South Africa] UK-SA Tech Hub, Future Females partnership delivers first 50 female tech entrepreneurs graduates

07-22-2019 | 06:23:00
Earlier this year Future Females secured a partnership with the UK-SA Tech Hub, to support 50 South African, early-stage female tech entrepreneurs, to transform their ideas into businesses.

ENGIE and Meridiam partner on two solar projects in Senegal

07-22-2019 | 05:58:00
ENGIE and partners Meridiam and FONSIS have signed the EPC, Operation & Maintenance and Finance contracts for two solar PV projects of 60 MW.

[Ghana] AirtelTigo invests in 40 young aspiring entrepreneurs

07-19-2019 | 13:20:00
In its continued commitment to youth empowerment through information communication technology, telecom operator, AirtelTigo hosted 40 young aspiring entrepreneurs from Junior Achievement (JA) Ghana.

Tunisia private airline Jasmin Airways strengthens operations with acquisition of new aircraft

07-19-2019 | 13:15:00
Private Tunisian airline, Jasmin Airways, having made its first flight last month to Sarajevo in Bosnia-Herzegovina is looking at strengthening its hand with its third aircraft being delivered this month.

Huobi and Cashu deepens cryptocurrency reach in North Africa with new partnership

07-19-2019 | 09:31:11
Huobi and CASHU are making accessing cryptocurrency as easy as buying a Netflix subscription or paying a bill for millions of people across the often-underserved regions of North Africa.

Fenix reaches 500,000 customers in 6 African markets, announces new leadership team

07-19-2019 | 09:27:00
Fenix International has appointed co-founder and current COO Brian Warshawsky to the role of CEO to drive the next phase of the company’s ambitious growth plans.

PepsiCo to acquire Pioneer Foods growing African foothold

07-19-2019 | 09:24:00
PepsiCo, Inc. has announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd.

[Kenya] Postbank partners with Xpress Money to deepen digital money transfers

07-19-2019 | 06:27:00
Postbank has announced its partnership with global money transfer service Xpress Money.

Afreximbank appoints Idrissa Diop Compliance Director

07-19-2019 | 06:23:00
The African Export-Import Bank (Afreximbank) has appointed Idrissa Diop, formerly of Ecobank Transnational Inc., as its new Director of Compliance.

European Investment Bank and FMO sign up to renewAfrica covenant

07-19-2019 | 06:20:00
The European Investment Bank (EIB) and FMO adhere to the “renewAfrica” initiative, which intends to facilitate and improve financing for renewable energy projects in Africa.

[Kenya] Credit Bank receives $8 million facility from AfDB for SMEs lending

07-19-2019 | 06:05:00
The Board of Directors of the African Development Bank Group has approved a $8 million-targeted financing to Kenya's Credit Bank for lending exclusively to small and medium enterprises.

[Mozambique] Sasol, government collaborate to create jobs

07-18-2019 | 15:11:00
Sasol has reaffirmed its partnership with the Government of Mozambique to deliver on its socio-economic development strategy focusing on the creation of self-employment opportunities for locals.

Tanzania needs to urgently invest in the health and education of its youth, World Bank

07-18-2019 | 14:30:00
Tanzania needs to undertake important and urgent investments to accelerate progress in the health and education of its citizens, especially the youth, if the country is to improve its human capital for sustainable development.

Oracle Appoints David Bunei as Managing Director for Kenya

07-18-2019 | 14:16:54
Oracle today has appointment David Bunei as Managing Director of Kenya operations. In this role, David will be responsible for helping Kenyan public and private sector organisations achieve strategic objectives by driving digital transformation with Oracle Cloud.