News

BADEA acquires stake in Eastern and Southern African Trade and Development Bank

11-12-2018 | 07:32:00
The Arab Bank for Economic Development in Africa (BADEA) has acquired an equity stake in the Eastern and Southern African Trade and Development Bank, formerly known as PTA.

Africa agribusiness, a $1tr business by 2030

11-12-2018 | 07:27:00
With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach US$1 trillion by 2030. Agribusiness will become the ‘new oil” on the continent.

[Kenya] Azuri, APA Insurance introduce low-cost funeral cover for solar and off-grid customers

11-12-2018 | 07:17:00
Azuri Technologies and APA Insurance have announced the launch of HospiCash, a low-cost micro-insurance product for Azuri solar power customers across Kenya.

Mara announces first African-made smartphone

11-12-2018 | 07:15:40
African high-tech player Mara has announced the production of their newest product the Maraphone – the first made-in-Africa, full-scale smartphone, soon to be manufactured in plants across Africa.

Rockwell Automation names Susana Gonzalez President, EMEA Region

11-12-2018 | 07:12:00
Rockwell Automation has named Susana Gonzalez president of Europe, Middle East, and Africa (EMEA) region.

Kenya targets green energy sufficiency by 2020

11-12-2018 | 07:09:07
Kenya targets to attain 100 per cent transition to green energy by 2020 as it scales up investment in renewable energy to address the climate change challenge concretely, President Uhuru Kenyatta has said.

Afreximbank, CDC Group sign $100m master risk participation agreement

11-12-2018 | 07:06:00
The African Export-Import Bank and CDC Group have, in Casablanca Morocco, signed a $100-million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme.

AfDB approves $50 million partnership with Natixis to expand trade in Africa

11-12-2018 | 07:05:37
The Board of Directors of the African Development Bank Group has approved a $ 50 million Risk Participation Agreement (RPA) for Natixis.

Malawi Bureau of Standards obtains international accreditation of its lab through SQAM Project

11-12-2018 | 06:59:28
The Malawi Bureau of Standards has obtained the accreditation of its testing laboratories through the technical assistance provided by UNIDO and UNDP.

Africa50 signs agreement with Rwanda to develop Kigali Innovation City

11-09-2018 | 14:02:00
Africa50, the pan-African infrastructure investment platform, has signed an agreement with Rwanda to develop and finance a “Digital Innovation Precinct”, including commercial and retail complexes, as part of Kigali Innovation City.

TDB, USAID in deal to finance power projects in 22 African countries

11-09-2018 | 13:58:00
The Eastern and Southern African Trade and Development Bank (TDB) and USAID’s Power Africa initiative have signed a memorandum of understanding that will finance power projects in 22 African countries.

Millennium Challenge Corporation Board approves new $550 million Senegal power compact

11-09-2018 | 10:50:00
The U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors has approved the new five-year $550 million Senegal Power Compact.

[South Africa] Séché Environnement set to acquire Interwaste Holdings

11-09-2018 | 10:42:00
Séché Environnement has announced its intention to acquire, through its wholly owned South African subsidiary Séché South Africa Proprietary Limited, 100% of the shares in Interwaste Holdings Limited.

[Egypt] TechnipFMC enters deal with MIDOR for modernization of complex

11-09-2018 | 08:35:00
TechnipFMC has signed an Engineering, Procurement, and Construction (EPC) contract with Middle East Oil Refinery (MIDOR) for the modernization of existing complex near Alexandria, Egypt

SGTD implements N4 system in its terminal to boost operations across East Africa

11-09-2018 | 08:30:00
Navis, a provider of operational technologies and services across the shipping supply chain has announced that Société de Gestion du Terminal à Conteneurs de Doraleh has implemented the N4 terminal operating system at its facility.

PCI Pal expands reach into South Africa

11-09-2018 | 06:12:00
PCI Pal, the secure payment solutions provider to contact centres, has signed its first South African reseller contract with telecommunications and customer engagement solutions company, Ninzi-Connect.

[Tunisia] Panoro Energy signs drilling deal with state contractor

11-09-2018 | 06:10:00
Panoro Tunisia Exploration has signed a Heads of Terms with Tunisian state-owned drilling contractor, for the use of the CTF-4, a 2,000-horsepower onshore rig.

Experian launches data solution targeting businesses across Africa

11-09-2018 | 06:08:00
Global information services company Experian has launched a new analytics solution across Africa, Middle East and Europe regions.

[South Africa] FCA targets motorists with modern services and parts center

11-09-2018 | 06:05:00
Global automaker Fiat Chrysler Automobiles (FCA) has opened a new Motus dealership in Pinetown South Africa.

[Kenya] Government and CocaCola subsidiary to discuss fate of plastic bottles

11-08-2018 | 14:39:00
The Ministry of Environment and Forestry and members of the Kenya Association of Manufacturers (KAM) will host a public forum on Polyethylene terephthalate (PET).