News Archives

Nigeria signed an export-financing agreement with investment partners as the country looks to increase the manufacturing industry’s share of GDP to 20% and generate USD 30 billion in export earnings.

Le Rwandais Paul Kagame a cédé son siège de président en exercice de l’Union africaine (UA) à son homologue égyptien Abdel Fattah al-Sissi. Le président sud-africain lui succédera en 2020.

Ethiopia becomes the third country in Sub-Saharan Africa to sign a Memorandum of Understanding with Volkswagen. This is part of the company’s strategy focusing on new up-and-coming markets.

Trade corridor infrastructure plays a pivotal role in enabling the expansion of Intra-Africa trade. Financiers should strengthen partnerships that will bring about infrastructure investments to enhance continental integration and facilitate…

MCB is eyeing deals in syndicated lending and trade finance in various segments in the manufacturing, finance, and oil and gas sectors as it taps into growing economic links between…

Africa’s private equity and venture capital fund managers have been off to a flying start in 2019, with several transactions announced in the course of January.

Revego Africa Energy, a renewable energy investment vehicle has received a ZAR 1 billion commitment from Investec and UK Climate Investments to providing financial support to the green energy sector…

Société Ivoirienne de Raffinage (SIR) has finalized a $656 million debt restructuring financed led by Africa Finance Corporation (AFC) as part of the country’s range of economic reforms to continue…

Pris dans les filets de la guerre commerciale entre la Chine et les Etats-Unis, les champions chinois des télécoms et des nouvelles technologies jettent leur dévolu sur l’Afrique.

Tanzania will allow export of gold and copper concentrates as it enters the final stages of negotiation with investors to construct a smelter in the country.

Ghana is close to making history as the first country in Africa to get clearance to export timber to the European market by the end of the year.

Selon le PDG du groupe Total, c’est le « moment de lancer de nouveaux projets » au Nigeria. L'Ouganda est également dans la ligne de mire du pétrolier.

Cote d’Ivoire officially connected 60 villages to the 275MW hydroelectric plant in Soubre in December and expects to connect a further 190 villages this year.

Kenya was the third most preferred startup investment destination in Africa last year, attracting a total of 73 deals after South Africa and Nigeria, which saw 107 and 136 pacts…

La banque centrale avait donné jusqu'au 31 décembre aux 34 banques pour accroître leur seuil de capital à 81.25 millions de dollars US. 11 n'ont pas survécu à cette obligation

Africa’s e-commerce index report by UNCTAD, ranked Cameroon at number 10 in this domain. Based on growth of e-commerce in the country, the government wants to make e-commerce a source…

German Federal Minister of Economic Cooporation and Development, Gerd Muller, has said Berlin is considering a special pact with Lilongwe aimed at increasing investments in bio-energy and boosting the country’s…

Un rapport des Nations Unies estime à 2,8 milliards de dollars US, le montant des recettes perdues en 2018 par le Nigeria à cause des crimes liés au pétrole.

The Rwanda Development Board met a 16-member delegation from Alibaba as they seek to bolster trade between Rwanda and China. RDB is encouraging Rwandan SMEs to capitalise on the Alibaba…

A l'instar de son voisin ivoirien (premier producteur mondial de chocolat), le Ghana (second producteur mondial) veut pousser encore plus loin son industrie en transformant 50% de sa production localement.

Zambia will earn USD 1 billion annually following the actualisation of bilateral trade agreements with the Democratic Republic of Congo (DRC) and Angola.

Kenya-based French solar firm Alten Africa has picked compatriot renewable energy firm Voltalia to build its 40-megawatt solar plant in Eldoret.

Un hub technologique a été officiellement lancé à Alger, afin de transformer la capitale algérienne en ville intelligente. Un projet initié fin 2016, auquel participent déjà quelque 300 start-ups.

As the US unveils its new strategy for Africa, African governments should take this opportunity to get the best deals.

Fintech firm Jumo secured US$12.5 million from London-based investment firm Odey Asset Management. The additional funds will be used to further develop Jumo’s technology platform and for expansion in Africa…

Egypt is promoting itself as a linchpin for intra-African trade and a model of economic reform as it prepares to chair the African Union in 2019.

Dr. Luis Franceschi, Dean, Strathmore University Law School, chaired a distinguished panel at the 2018 ALN Africa Investment Conference that explored whether the increasing interest of foreign investment players in…

Africa’s technology innovation was highlighted as crucial to driving economic growth at the 5th ALN Africa Investment Conference held on 7-8 November 2018 at the Four Seasons Resort in Dubai.…

Speakers at the ALN Africa Investment Conference discussed democracy as a driver for economic growth, with calls for private and public sector to work closely together to drive prosperity and…

For young and dynamic populations, technology companies should understand areas where Africa needs to innovate and then let them decide what kind of infrastructure this entails. The technology and capital…

The recently concluded ALN Africa Investment Conference brought together business leaders who emphasized the need for African countries to properly tap the power of the private sector to achieve the…

Despite its slow growth, the South African economy has an opportunity to kick start through reforms that will increase policy certainty and improve efficiency of state enterprises.

Le pays va investir 300 millions d’euros dans l’agrandissement d’un stade, la construction de trois stades, et des infrastructures associés dans le cadre de l’accueil de la CAN 2021.

Italian energy company Eni has increased its activities in lusophone Africa, with rising oil production in Angola and the acquisition of new exploration rights in Mozambique while furthering its business…

Accord conclu entre M-Pesa et Western Union qui permettra aux utilisateurs de cette plateforme de paiement mobile d'effectuer des transferts dans le monde entier grâce au réseau du groupe américain.

Mr Skanda together with his team of traditional dhow-building experts recognized for building Flip-flopi the world’s first boat made from recycled marine plastic.

UAE-based retail giant Lulu Group said it is planning to invest $500 million in Egypt over the next two years, planning to build four new hypermarkets over next two years.

Aliko Dangote, is planning to set up the world’s largest refinery with a capacity of 650,000 barrels per day in Nigeria. The project, worth USD 12 billion, is set in…

Algeria and Morocco have agreed to begin talks over the future of Algerian gas supply to and gas transit via Morocco. The move came amid concerns Morocco could opt not…

BP a signé une lettre d'intention entérinant la cession de 50 % de ses parts dans une licence pétrolière et gazière au groupe Eni, l’objectif étant de relancer la prospection…

Sweden has pledged more support for Zimbabwe’s renewable energy projects after unveiling a USD 6.5 million funding programme for business projects within the sector.

Le gouvernement égyptien a signé de nouveaux contrats d’exploration pétrolière et gazière, notamment avec Shell et Petronas, pour un montant de près d’un milliard de dollars pour le forage de…

Asset owners are venturing into Africa to make infrastructure and private equity investments. A combination of population growth, massive need and building global support, including World Bank guarantees, has influenced…

La Côte d'Ivoire va accueillir le vice-président de la Banque mondiale pour l'Afrique, Hafez Ghanem, qui a évoquera le développement économique et social avec les dirigeants ivoiriens et devrait réaffirmer…

Egypt’s Vezeeta, a digital healthcare platform in MENA, has closed a Series C investment of USD 12 million from a group of investors- a sign that healthcare start-ups are finding…

Investors need to consider investing in African start-ups as the continent has a number of trained young people who cannot access capital to develop and grow their business ideas.

Lors de son discours sur l’état de l’Union européenne, Jean-Claude Juncker a évoqué la mise en place d’un nouveau partenariat avec l’Afrique, afin de soutenir le continent qui comptera 2,5…

Aujourd’hui dépendant des hydrocarbures avec des importations qui représentent une facture de 10% du PIB du pays. La découverte de gisements de pétrole au large de Dakar avec barils commercialisables…

Over 7 million Ethiopians living in 117 cities will benefit from the Urban Institutional and Infrastructure Program, which will run for five years starting from 2018. During the launch of…

Taxi-hailing apps, Uber and Little are looking to expand their networks in Rwanda. Uber has expressed interests to expand to Rwanda through the Rwanda Utilities Regulatory Agency.

Depuis quelques semaines, deux entreprises testent dans la capitale, Maseru, le tout premier réseau 5G disponible. La 5G, est censée révolutionner les secteurs des télécommunications, du transport et du divertissement,…

Equity Group will, in November, roll out a cross-border e-commerce money transfer and payments platform through its Finserve subsidiary.

For megacities like Lagos, rising water level is a catastrophe due to its increasing population and dwindling availability of potable water. This is mainly attributed to urban growth which is…

Le groupe minier marocain Managem a finalisé la deuxième phase de son accord de partenariat avec la société d'exploration et d'exploitation aurifère, Avocet Mining PLC. Cet accord prévoit l'augmentation de…

UN-Habitat Egypt has partnered with the General Organization for Physical Planning and New Urban Communities to design the Al-Alamein New City using a new paradigm in planning and establishing new…

Un consortium chinois va investir, sur la prochaine décennie, près de 2,7 milliards de dollars dans l'économie bleue à Madagascar. Un accord-cadre a été signé en marge du 7e Forum…

L'Alliance pour une révolution verte en Afrique a produit un guide pour les gouvernements, recommandant le retour des États dans les politiques agricoles, après avoir constaté l'insuffisante productivité du secteur,…

German shipping giant anchors EA business with new routes. German multinational Hapag-Lloyd will next month introduce four direct connections from the Port of Mombasa to the United Arabs Emirates (UAE)…

Zambia is to relaunch its national airline after 24 years without a flag carrier following a deal with government-owned Ethiopian Airlines that will see USD 30m invested in the new…

Alibaba Business School a lancé, pour la première fois en Afrique, son programme «Global E-commerce Talent» (GET). Le programme promouvra les idées et la collaboration au niveau local et fournira…

M-Pesa puts Safaricom on Fortune’s ‘Change the World’ firms listing. According to the brief accompanying Fortune Magazine’s ‘Change the World’ list, Safaricom — with an estimated market value of USD…

Le gouvernement a inauguré l’usine de Reppie, une unité de production d’énergie à partir de déchets, capable d’incinérer jusqu’à 1 400 tonnes de déchets par jour pour produire annuellement 185…

Solune prevoit la construction d’une centrale hors réseau qui pourrait être ultérieurement connecté au réseau électrique marocain. L’énergie produite permettra d’alimenter un data center consacré aux technologies blockchain.

U.S. corporation Apache announced plans to increase its annual oil and natural gas exploration investment in Egypt to about USD 1 billion.

Samsung Pay, the mobile payment from Samsung, has launched its first service in Africa. The smartphone maker has partnered with Absa and Standard Bank through Mastercard and Visa cards.

Le Metro Express est pour l’heure le plus grand chantier urbain de l’histoire du pays. Ce système de transport reliera les cinq villes du pays, Curepipe, Vacoas, Quatre-Bornes, Rose-Hill, et…

German engineering and electronics maker, Bosch Appliances, will open its next regional outlet in Ethiopia this year as it eyes further expansion across Africa.

Investors have taken notice of Africa’s unexploited transport and logistics opportunities, with several transport-related transactions and capital commitments reported.

Algeria has signed deals to provide gas to Spain and to Italy’s Eni as it negotiates new gas contracts with European partners.

The untapped resources and market potential in Africa has seen a push into the continent by Asia's two superpowers China and India as the US lags behind.

The United Arab Emirates plans to build an oil pipeline connecting Eritrea and Ethiopia, the latest sign of the Gulf state’s increasing involvement in the Horn of Africa.

Les capitales du Mali, de la Guinée et du Niger ne sont pas à la hauteur des besoins de leur nation, estime la Banque mondiale, qui considère que si ces…

Chinese billionaire entrepreneur Jack Ma has picked Kenya’s start-up incubator Nailab to run a Sh1 billion (approx.USD 10 million) African entrepreneurs funding program.

Google is opening its first Africa Intelligence research center in Accra. The location was influenced by the strong eco-system of local universities and the proximity to a branch of the…

Tanzania plans to establish a minerals exchange by the end of 2018, in a bid to ensure the country reaps the most from its resources.

Le Premier Ministre a inauguré le lancement de la construction d’un pont d’une longueur d’1.4 km, qui permettra de désengorger le nord d’Abidjan. Une fois construit, ce pont à péage…

President Paul Kagame has explained the reason behind the partnership between the leading emerging economies grouped under BRICS and the African Union which he represents as current chairperson.

With the on-going reforms to open up key economic sectors in Ethiopia, enterprising Pan-African financial institutions have increased their interest to enter the 100 million population market.

US-based tech giant Cisco Systems is set to open an innovation hub in Nairobi in September seeking to tap tech enthusiasts. Cisco is investing Sh 50 million (approx. USD 500,000)…

The Egyptian Government approves execution of additional wind farm in Gulf of Suez. This is part of the Ministry’s plan to increase dependency on renewable energy sources so that the…

Kenya has been listed among leading innovation hubs globally, ranking fourth in Africa in the latest Global Innovation Index.