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IATA Signs MoU with The African Union Commission

by Africa Business on Jul 14, 2016



The International Air Transport Association (IATA) and The African Union Commission (AU) signed a memorandum of understanding (MoU) to expand strategic cooperation to further the continent’s economic and social development with the benefits of safe, efficient and sustainable air transport in Africa. The MoU was signed by Tony Tyler, IATA’s Director General and CEO and …Read More

Novare Africa Property Fund II Closes With $350 Million For Investment

by Africa Business on Jul 14, 2016



Novare Africa Property Fund II, the fund with a mandate to invest in retail and commercial real estate in sub-Saharan Africa outside of South Africa, has announced its final close at the end of June 2016. The fund, which will be listed on the Mauritius Stock Exchange at the end of July 2016, has raised …Read More

IMF Executive Board Completes Eighth Review of Niger’s ECF Arrangement and Approves US$17.1 Million Disbursement

by Africa Business on Jul 13, 2016



On July 11, 2016, the Executive Board of the International Monetary Fund (IMF) completed the eighth review of Niger’s economic performance under theprogram supported by an Extended Credit Facility (ECF) 1 arrangement. The completion of the review enables an immediate disbursement of SDR12.34 million, (about US$17.1 million), bringing total disbursements under the ECF arrangement to SDR 107.745 …Read More

South Sudan ceasefire ‘largely holding;’ UN urges safe passage for fleeing civilians

by Africa Business on Jul 13, 2016



The United Nations Mission in South Sudan (UNMISS) has reported that the ceasefire in the crisis-gripped country appears to be “largely holding, barring sporadic gunfire,” while the UN refugee agency has urged countries to keep their borders open for people fleeing tensions in Juba, where the human rights wing has warned the situation is “deteriorating …Read More

PS Kenya teams up with 3i Infotech Orion 11j ERP to enhance its distribution network across Kenya

PS Kenya teams up with 3i Infotech Orion 11j ERP to enhance its distribution network across Kenya

by Africa Business on Jul 13, 2016



Kenya, July 13th 2016: ORION 11j is an effective solution to meet the needs of the NGO sector. Since its inception in 1990, PS Kenya has implemented many social marketing programs to address HIV/AIDS, reproductive health as well as maternal & child health diseases including malaria, diarrhea, pneumonia among others. PS Kenya utilize their social marketing …Read More

Africa’s Insurance Market Prospects Threatened by Low Commodity Prices and Political Uncertainty

by Africa Business on Jul 13, 2016



For almost two decades, growth in the insurance markets of Sub-Saharan Africa have been buoyed by the continent’s economic boom. With average growth in gross domestic product (GDP) across the region far outpacing much of the developed world, the African continent has presented an extremely attractive environment for domestic, regional and international investors seeking to …Read More

#BuyaBusiness Expo & Small Business Expo

by Africa Business on Jul 12, 2016



#BuyaBusiness Expo and the Small Business Expo connects entrepreneurs and investors who are looking to grow, diversify or enter into business ownership. The expos present franchise and business opportunities, business tools, services, information and prospective partnership and procurement opportunities. The expos will showcase businesses across a wide range of sectors, and will be staged at …Read More

Partnerships crucial to fuelling Kenya’s growth

by Anne Aliker on Jul 11, 2016



By Anne Aliker, Head: Investment Banking (Rest of Africa) Standard Bank The prospects for East Africa as a trading bloc remain promising despite the current headwinds being faced in the global economy. According to the African Economic Outlook 2016 report, East Africa’s GDP is expected to grow 6.4% in 2016, up from 6.3% in 2015. …Read More

Angola’s fiscal performance has been in-line with the 2016 Budget

by Africa Business on Jul 11, 2016



The Ministry of Finance of the Republic of Angola (“Angola”) (Ba3 / B / B+), is pleased to publish an update on its budgetary performance and certain other key performance indicators. Highlights (as of 30th June 2016): • Total Fiscal Expenditure: The 2016 Budget had forecasted $30bn; this is now estimated to be $24bn by …Read More

First Ever Radisson Blu Hotel & Convention Center in Kigali, Rwanda

First Ever Radisson Blu Hotel & Convention Center in Kigali, Rwanda

by Africa Business on Jul 11, 2016



Radisson Blu, the iconic hotel brand driven by innovation and design, is delighted to announce the opening of the Radisson Blu Hotel & Convention Center in Kigali, Rwanda. Valued at more than $300 million (about Rwf223 billion), the complex will comprise the five-star Radisson Blu hotel with 292 rooms and conference facilities that can host …Read More

Modi’s Visit in South Africa: A Tourism Opportunity

by Unathi Sonwabile Henama on Jul 11, 2016



The arrival of the Indian Prime Minister in South Africa is a perfect opportunity for South Africa and India to strengthen their diplomatic ties during times of uncertainty especially after Brexit. India and South Africa are both former British Colonies and the earlier has already hosted the Commonwealth, whilst the South African city of Durban …Read More

Netanyahu’s Visit to East Africa: A Brief Comment

Netanyahu’s Visit to East Africa: A Brief Comment

by Fikrejesus Amahazion on Jul 9, 2016



Israel’s Prime Minister, Benjamin Netanyahu, is conducting a four-country trip of East Africa, becoming the first Israeli prime minister to visit the continent in at least 30 years. In addition to visiting Uganda, where 40 years ago an Israeli raid led by Netanyahu’s brother, Jonathan Netanyahu (who was killed during the operation), ended a hostage …Read More

Ethiopian Airlines Expansion to support the Tourism sector

Ethiopian Airlines Expansion to support the Tourism sector

by Eden Sahle on Jul 8, 2016



Africa’s giant state owned Ethiopian airlines is supporting the tourism sector, one of the key sector of the economy. Tourism has become the major emerging economic wing supporting the country’s mission to become one of the top destinations in Africa. The Ethiopian has come a long way aspiring to become the leading aviation group in …Read More

2ND Africa Women Innovation & Entrepreneurship Forum (AWIEF)

2ND Africa Women Innovation & Entrepreneurship Forum (AWIEF)

by Africa Business on Jul 7, 2016



Under the theme “Accelerating women’s economic empowerment in Africa’s best interest”, the 2nd edition of the premier Africa Women Innovation & Entrepreneurship Forum (AWIEF) will once again gather, from across Africa and the globe, top women entrepreneurs and women in business, thought leaders, investors, SMEs, MSMEs, international development organizations, NGOs, foundations, government policy-makers, and the …Read More

New Deal Signed by Equatorial Guinea and Shell to Increase Oil and Gas Collaboration

by Africa Business on Jul 6, 2016



Equatorial Guinea has signed an MoU with Shell, effective July 4, 2016, to enable greater cooperation on oil and gas projects. Shell entered Equatorial Guinea’s gas sector in 2016 through the acquisition of BG Group, the long-term buyer of LNG cargoes from EGLNG facility. The Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea signed …Read More

Sub Saharan Africa Power Summit 2016

by Africa Business on Jul 6, 2016



Hosted by Vale Media Group | 26-28 October | Cape Town | South Africa The SSA Power Summit hosted by Vale Media Group, the number 1 Sub-Saharan African B2B events company, will provide a platform to address some key challenges of integrating renewable energy, improving aging power infrastructure, developing new power infrastructure, more cost effective temporary power …Read More

SWIFT Institute research demonstrates that mobile banking increases financial inclusion

SWIFT Institute research demonstrates that mobile banking increases financial inclusion

by Africa Business on Jul 5, 2016



New study from the SWIFT Institute and the Harvard Kennedy School looks at the impact of mobile banking on levels of financial inclusion in Africa through the lens of Kenya Johannesburg, 5 July 2016 – The SWIFT Institute, in partnership with the Harvard Kennedy School, today released new research on the impact of mobile banking …Read More

Aliko Dangote Invests $12b into Oil Refinery

Aliko Dangote Invests $12b into Oil Refinery

by Joshua Amponsem on Jul 5, 2016



International Energy Agency (IEA) reports indicate that Nigeria’s current crude oil demand is 260,000 barrels with about 80% import which really makes business difficult. Nigeria has been known as Africa’s largest crude oil producer but not now. Fuel shortages now seems to be a recurrent problem for Africa and in view, Nigeria and Africa’s richest …Read More

Latest survey names Charles Mbire richest Indigenous Ugandan

by Africa Business on Jul 1, 2016



The latest survey published by an online news site (Uganda News) has named Dr. Charles Mbire as the richest native Ugandan alive today among a list of 10 most loaded Ugandans. The list dominated by Ugandans of Indian Origin, noted that Mbire, an astute and trustworthy Businessman, is estimated to be worth over US$ 350 …Read More

Recycling in Africa: An Investment Opportunity

Recycling in Africa: An Investment Opportunity

by Joshua Amponsem on Jun 28, 2016



Globally over 1 million plastic bags are used and disposed every minute but I think the quota of India and Africa of the 1 million trash is much larger than that of America, Europe and Australia – comparing population. In Africa, I will congratulate Rwanda as the only country which has been able to ban …Read More

British RESTRATA to Provide Aviation Security for Egypt

by Joshua Amponsem on Jun 28, 2016



Restrata, a British-owned training company operating in UAE (Qatar and Iraq) where it has its headquarters have been contracted to offer security training services for airports of Egypt’s National Falcon. The National Falcon of Egypt which is responsible for providing aviation security services for all international airports and airports at tourist sites, has selected and …Read More

South Sudan and Eritrea Signs Flight Agreement

by Joshua Amponsem on Jun 28, 2016



A new development indicates that South Sudan airline, The Golden Wings, has commenced business to Eritrea. According to Geeskaafrika, the Republic of South Sudan and Eritrea had a meeting where an aviation agreement was signed on the 24th of June with the primary purpose of establishing an easy and direct flight services to and from …Read More

Ghana: Meeting Power Demand will Boost Economy by 4%

Ghana: Meeting Power Demand will Boost Economy by 4%

by Joshua Amponsem on Jun 28, 2016



A total of about 494 million USD has been reported by the Ghana Energy Outlook as a needed amount required to generate natural gas which is currently facing a demand deficit of about 65,000 Million Standard Cubic Feet (MMSCF) out of the estimated 120,000 – 146,000 MMSCF natural gas which will be needed to fuel …Read More

Special Report: The Impact of ‘Brexit’ on Africa

by Africa Business on Jun 28, 2016



EXX Africa analyses the impact of an eventual ‘Brexit’ on three of the UK’s most important African markets: South Africa, Nigeria, and Kenya Following the UK’s surprise vote to leave the EU, EXX AFRICA (ExxAfrica.com) assesses the probable impact such a departure would have on African trade, investment, and security policy. In this free special …Read More

SA business delegation to explore infrastructure development opportunities in Kenya

by Africa Business on Jun 28, 2016



Africa House to fast-track business for SA enterprises in Lamu, LAPSSET Corridor Research and consulting specialists Africa House will lead a high-level business delegation to Kenya’s Lamu region next month, to position South African business to take advantage of a projected development boom in the area. Paul Runge, Director Projects & Development Finance at Africa …Read More

African Sustainable Extractives Summit

African Sustainable Extractives Summit

by Africa Business on Jun 28, 2016



African Sustainable Extractives Summit will lead conversation on Reducing operational risk through social and environmental performance in the extractives sector with topical issues on local content strategy, water risk management, human rights and labor issues, community investments, measuring and reporting of social investment, post COP 21 world and other topics around sustainability in the extractives …Read More

Governments and Telecoms Top Targeted Sectors for Cyber Attacks in East Africa

Governments and Telecoms Top Targeted Sectors for Cyber Attacks in East Africa

by Africa Business on Jun 27, 2016



In East Africa, governments are the top target sector for cyber attacks (33%). Telecommunications (22%) and financial services (17%) follow in close succession. Contrary to the perception that cyber breaches are a problem unique to the large multinational companies based in developed markets, East African organisations are fast becoming a target for attacks with local …Read More

Food For Thought This Mandela Day

by Africa Business on Jun 27, 2016



Sun International and Stop Hunger Now aim to feed 2-million Campaign dates: Wednesday, 13 July to Wednesday, 20 July With food inflation reaching nearly 10% by the end of the first quarter of 2016, a full shopping basket is a luxury for many people.  According to Statistics South Africa as many as 16% of South …Read More

AFER Forum 2016 African Forum of Renewable Energies

AFER Forum 2016 African Forum of Renewable Energies

by Africa Business on Jun 27, 2016



The City of Marrakech will host, on July 15th & 16th, the first edition of the African Forum for Renewable Energies “AFER Forum 2016″. AFER Forum 2016 accredited COP22, is involved in a difficult economic and ecological context that concerns us all. This is an event that mobilizes a hundred speakers, from Morocco, the rest …Read More

Africa’s Visa Restriction Lift to Support the Region Economy

Africa’s Visa Restriction Lift to Support the Region Economy

by Eden Sahle on Jun 27, 2016



Being a largely locked continent, Africans still need visas to travel to over half of the continent. This continues to divide Africa; going against the African Union (AU) mission to create ‘One Africa.’ Experts believe that the free movement of people, together with the free movement of goods, services and capital, will connect the continent …Read More

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