News

[Nigeria] NNPC to collaborate with African Transportation Union to curb cross-border leakages

01-21-2019 | 08:53:19
The Nigerian National Petroleum Corporation has sought effective collaboration with members of the African Union of Transportation and Logistics Organization to halt incidents of cross-border leakages of petroleum products.

[Nigeria] Advanced Finance and Investment Group buys 29.9 per cent stake in NEM Insurance

01-18-2019 | 13:23:26
Nigeria’s NEM Insurance Plc has announced that Advanced Finance and Investment Group has completed an investment in the Company, by acquiring 29.9% of the Company’s shares.

AfDB, Rwanda sign €115 million financing agreement for water projects

01-18-2019 | 13:16:14
The African Development Bank (AfDB) has signed financing agreements worth €115 million with the Government of Rwanda to support the Rwanda Sustainable Water Supply and Sanitation Programme.

UN entities support Ethiopia’s quest for policy coherence for the SDGs

01-18-2019 | 13:12:58
The United Nations Department of Economics and Social Affairs, UINDP and the Economic Commission for Africa have held a workshop aimed at enhancing Ethiopia’s policy coherence for SDGs.

Afreximbank lends $170 million to Orascom for Pan African expansion

01-18-2019 | 08:34:02
The African Export-Import Bank (Afreximbank) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding.

Zimbabweans turn to VPNs following social media shutdown and internet black out

01-18-2019 | 06:37:35
Zimbabweans are turning Virtual Private Network (VPN) technology to circumvent an apparent government internet shutdown according to leading VPN comparison site BestVPN.com.

Africa needs 12 million new jobs yearly to stop rising unemployment, report

01-18-2019 | 06:31:00
Africa's general economic performance continues to recover and GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020.

Mercedes-Benz mulls resuming production in Egypt

01-18-2019 | 06:22:41
Global vehicle manufacturer Mercedes-Benz looks forward to resuming production in Egypt soon, a senior official of the company has said.

[Botswana] Giyani submits Environmental Management Plan for its Lobatse Manganese Project

01-18-2019 | 06:18:51
Canadian exploration company Giyani Metals Corp has announced the completion of the environmental management plan (EMP) for its Lobatse manganese prospect in Botswana.

[Nigeria] NNPC to crash the price of cooking gas

01-17-2019 | 16:08:08
The Nigerian National Petroleum Corporation (NNPC) is set to implement effective commercial framework that would halt the export of major components used in the production of cooking gas.

VFS Global awarded contract to open new passport application centers in Ghana

01-17-2019 | 11:49:03
VFS Global has commenced operations with its first Passport Application Centre in the capital city of Accra on behalf of the Ministry of Foreign Affairs.

[Nigeria] Growsel receives Oracle Netsuite for its agriculture crowdfunding platform

01-17-2019 | 11:48:00
Growsel, has received software from Oracle NetSuite Social Impact for growing social enterprises.

Telco Systems upgrades KENET’s Carrier Ethernet Network in Kenya

01-17-2019 | 10:17:16
Telco Systems has announced that it has completed an upgrade of the carrier Ethernet network of Kenya Education Network (KENET), the National Research and Education Network (NREN) of Kenya, from 10GE to 100GE.

[Kenya] KRA set to raise revenue through a three-year blue print

01-17-2019 | 10:02:00
The Kenya Revenue Authority (KRA) is set to raise revenue to GDP ratio from current 18.3 per cent in 2017/18 to 19.2 per cent in 2020/21.

[Kenya] Visa launches ‘’She’s Next, Empowered by Visa’’ initiative to support female Entrepreneurs

01-17-2019 | 09:23:00
Visa has announced that it is launching a global initiative – She’s Next, Empowered by Visa – to encourage women small business owners as they build, sustain and advance their businesses.

Angola passes resolution to eliminate double taxation with Portugal, UAE and China

01-17-2019 | 09:02:51
Angola’s National Assembly has approved draft resolutions on agreements for the elimination of double taxation with Portugal, China and the United Arab Emirates.

[Kenya] Telkom to invest $10 million in expanding network coverage and capacity

01-17-2019 | 08:59:31
Kenya’s telecommunication company Telkom will dedicate KSh. 1 billion, $10 million, into the expansion and optimisation of its 4G and 3G network.

[South Africa] Domains.co.za launches UltraFast Epyc VPS hosting powered by AMD

01-17-2019 | 08:59:20
Domains.co.za has officially launched its new Epyc Virtual Private Server (VPS) hosting solution, featuring the new AMD EPYC 7000 Series processors.

[Nigeria] Diamond, Access Banks lead in alternative channels

01-17-2019 | 06:51:21
Diamond and Access Banks are set to have the largest alternative channels on the continent even as customers of both financial institutions can now use their ATMs without paying the usual N65 charge.

[Egypt] Benban Solar Park set to become world’s largest solar installation

01-17-2019 | 06:48:09
Until recently, Egypt’s government spent more on electricity subsidies than it spent on education, health care, and social welfare combined.