News

Ethiopia leads hotel expansion in East Africa

09-20-2018 | 09:21:00
Ethiopia currently heads the league for hotel development in East Africa, according to a regional focus from the influential annual hotel pipeline survey by Lagos-based W Hospitality Group.

Remote administration tools bringing threats to industrial networks

09-20-2018 | 09:05:00
RATs are legitimate software tools that allow third parties to access a computer remotely. They are often used legitimately by employees at industrial enterprises to save resources, but can also be used by malicious actors for stealthy privileged access to targeted computers.

OFID grants support renewable energy youth programs in Egypt

09-20-2018 | 08:42:00
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.

Afreximbank signs agreement to boost Africa-Uzbek trade

09-20-2018 | 08:38:00
The African Export-Import Bank (Afreximbank) and the National Bank for Foreign Economic Activity (NBU) of Uzbekistan have entered into a cooperation to strengthen economic relations between African countries and Uzbekistan.

Fenix International establishes global headquarters in Uganda

09-20-2018 | 08:31:50
Solar energy company Fenix International, part of global energy group ENGIE, is establishing its global headquarters in Uganda and moving its engineering and technology development centre from San Francisco to Uganda.

22.4 million smartphones shipped in Africa during Q2 2018, IDC

09-20-2018 | 08:27:47
A total of 22.4 million smartphones were shipped in Africa during the second quarter of this year (Q2 2018), according to the latest insights from International Data Corporation (IDC).

[South Africa] Wala wins Zambezi Prize for micropayments platform

09-20-2018 | 07:44:00
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.

UNIDO and Switzerland launch quality & standards programme in SA

09-20-2018 | 07:05:25
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 and Kenyan Ministry bet on IoT to protect wildlife

09-20-2018 | 06:32:00
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.

East Africa economy best performing in the continent, ICAEW report

09-20-2018 | 06:23:00
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.

Blanché Hanstein appointed Aurecon’s new manager for Namibia

09-20-2018 | 06:09:00
Global engineering and infrastructure advisory company Aurecon has appointed Blanché Hanstein as the new Office Manager of its Windhoek Office in Namibia.

MainOne picks TE SubCom to extend cable system to francophone region

09-20-2018 | 05:56:08
TE SubCom, a TE Connectivity Ltd company and an industry pioneer in undersea communications technology has secured a contract from connectivity and data center solutions provider, MainOne.

Kaspersky report says IoT-malware grew three-fold in H1 2018

09-19-2018 | 14:08:30
IoT devices were attacked with more than 120,000 modifications of malware in the first half of 2018. This is according to a new IoT report released by Kaspersky Lab.

ATI, Marsh offer $95 million bank surety for Tanzania rail project

09-19-2018 | 13:30:00
Marsh has provided a $95 million innovative bank surety solution to Yapı Merkezi Construction and Industry Inc., to support the construction of a new high-speed electric railway line in Tanzania.

AfDB issues global benchmark bond of $ 2 billion for 5 years

09-19-2018 | 13:15:31
The African Development Bank, rated triple AAA by the international rating agencies Moody's, S & P and Fitch, has proceeded with a new benchmark bond of $ 2 billion to five years, which will expire on September 20, 2023.

Mastercard becomes first global sponsor for League of Legends esports

09-19-2018 | 12:19:00
Mastercard today announced a multi-year partnership with Riot Games to become the first global sponsor for League of Legends esports, the largest esport in the world.

Africa’s entertainment and media industry in wave of convergence, PWC

09-19-2018 | 11:55:17
Africa’s entertainment and media industry has entered a dynamic new phase - a third wave of convergence.

OLX Group invests ZAR 1.4 billion in South Africa’s Webuycars

09-19-2018 | 08:46:00
Naspers’ Classifieds business, OLX Group, has announced an investment of ZAR 1.4 billion in South Africa’s specialised car buying service, Webuycars.

MallforAfrica invests in Chinese brands

09-19-2018 | 08:39:09
MallforAfrica (MFA), Africa's largest e-commerce platform, has announced its customers will now be able to purchase products from the most sought-after Chinese brands.

Ushahidi unveils new messaging app for team members

09-19-2018 | 07:53:00
Known as TenFour, Ushahidi says it built the check-in application after one of them was involved in a terrorist attack and it needed a quick way to check in with each other in critical situations.