Category Archives: African News

African Business News

First of Its Kind Fund Launches to Fuel Sustainable Development Goal-Driven Innovation in Africa

Focussed on catalysing dramatic change via disruptive tech investments in emerging markets, the Global Innovation Initiative Group (GIIG), has today announced the launch of a unique profit and purpose fund aimed at investing in early-stage tech innovation startups across Africa. The GIIG Africa Fund, a Curaçao-based private investment fund, will invest annually in the winners pool […]

The Sahel faces further destabilisation from the jihadi gold rush

Africa’s Sahel, a region separating the Sahara Desert to the north and savannas to the south, is notorious for widespread poverty and persistent conflict. In fact, Western Sahel, especially Mali, Burkina Faso, and Niger, is the most unstable area on the continent. For years, terrorist attacks have been a frequent occurrence but recently the region […]

Seven Tips for Maximizing Credit Card Rewards in UAE

DUBAI, UAE – (Arab Newswire) — Everyone loves to shop, be it purchasing clothes from a mall, shopping online, or buying. But what if people could earn rewards while they spend on these retail purchases? With rewards and cashback credit cards, every customer can get redeemable points, cash rebates and more on his/her purchases. Read […]

Four Reasons to Apply for Credit Cards in the UAE

DUBAI, UAE – (Arab Newswire) — Experience hassle-free transactions while shopping, paying bills and carrying out day-to-day expenses by applying for a credit card in the UAE. To get the most out of a credit card, select the ones that offer exciting privileges and benefits. Citi credit cards are tailored to meet various needs and […]

Five Effective Tips to Use Credit Cards Wisely in the UAE

DUBAI, UAE — (Arab Newswire) — A credit card is one of the most popular financial products for daily spends. From buying the latest high-tech gadgets to paying utility bills, grocery bills, internet bills and more, credit cards help complete all transactions with ease. What’s more, one can save money with a credit card by […]

Earning Dining and Cashback Privileges with Credit Cards in the UAE

Credit cards offer much more than just the ability to pay bills or buy products. By getting a credit card, customers can access privileges and benefits ranging from rewards, cashback and more. Dubai, UAE – (Arab Newswire) — Customers who are looking for the best credit cards in the UAE that have exciting privileges can […]

Over 4m Jobs In Mainland Africa Supported By Mauritian IFC – Report Shows

A major new study launched today shines a light on the millions of jobs and multibillion dollar GDP created for mainland Africa due to Mauritius’ role as a leading International Financial Centre (IFC). The study argues that the Republic of Mauritius is poised to play a critical role in supporting Africa’s progress towards achieving the […]

Massive increase in M&A deal value in Sub-Saharan Africa in the first half of 2021

There were 333 M&A deals announced in sub-Saharan Africa (SSA) in the first six months of 2021 (H1 2021), valued at USD 57.7 billion, according to Baker McKenzie’s analysis of Refinitiv data. When compared to the same period last year (H1 2020) this amounted to a 14% increase in deal volume and an astounding 576% […]

Transnet is a harsh reminder that anyone is a victim in the current environment

The recent cyber-attack on Transnet is a serious wakeup call and a reminder that, in the technology age, no company is safe from cyber criminals who are trying to disrupt operations or steal personal information. While Transnet was dealing with its cyberattack, Macsteel – one of South Africa’s largest steel suppliers – faced a similar […]

International Islamic Trade Finance Corporation Releases 2020 Annual Development Effectiveness Report ‘Embracing disruption to build back better’

The International Islamic Trade Finance Corporation (ITFC) (, member of the Islamic Development Bank (IsDB) Group, released today the fifth edition of its Annual Development Effectiveness Report titled ‘Embracing disruption to build back better’, addressing the overwhelming disruptive impact the COVID-19 pandemic has had on the world. The report highlights how the pandemic created opportunities […]

Ecobank Group Launches 2021 edition of its Fintech Challenge

The Pan-African Banking Group seeks innovative start-ups to partner and collaborate with; Applications are now open. The pan-African banking group, Ecobank group, is inviting African Fintech entrepreneurs to join the 4th edition of the Ecobank Fintech Challenge. The Fintech Challenge is in line with the Bank’s commitment to championing digitization by giving innovative African start-ups the […]

The State of Globalization in the Middle East and North Africa – Take a Closer Look DHL Global Connectedness Index

The DHL Global Connectedness Index ( showed that the rapidly developing Middle East and North Africa region is steadily rising in the rankings of global connectedness. 2020 Key Highlights: Middle East & North Africa (, published on DHL’s Logistics of Things ( last week, takes a closer look, highlighting potential opportunities and threats to the […]

Will the office make a comeback post-Covid-19?

JLL Survey results from Tétris glimpse into the future of the workplace The Covid-19 pandemic and resulting lockdowns worldwide have challenged conventional ideas on how we work and what a workplace should look like. Will the traditional 9-5 workday and five-day work week at the office come to an end as new, more flexible work […]

Siemens drives digital transformation at its Virtual Smart Mining Forum

Download logo Siemens ( hosts Virtual Smart Mining Forum to explore new trends and the impact of technology on the mining sector; Launch of a Hackathon to universities to participate using the low-coding platform, Mendix; Siemens hosts an Enterprise and Supplier Development forum to promote sustainability and skills development in mining. With its motto, “On […]

African Energy Week in Cape Town to Inject Critical Capital into Local Economy, Create Jobs, Boost COVID-19 Recovery

Since the start of the global pandemic, global economies have experienced significant impacts in which South Africa was not exempt. With COVID-19 restricting business operations, hindering economic growth, and increasing job losses – the country’s employment rate decreased from 46% to 36% and the country recorded a negative growth rate of -5.4%. The need for […]

USAID Advances the Prosper Africa Build Together Campaign

Download logo This week, U.S. Agency for International Development (USAID) Administrator Samantha Power helped to kick off the Prosper Africa Build Together Campaign at the Corporate Council on Africa’s U.S.-Africa Business Summit. As announced by Special Assistant to the President and National Security Council Senior Director for Africa Dana L. Banks and reinforced by Department […]

Engen’s footprint flourishing as company targets ambitious growth in Botswana

Engen continues to expand in Botswana and so spread its unique retail fuel and convenience customer experience across the country, with five new Engen Service Stations opening in the first half of 2021 and a further five in the pipeline. “As always, convenience and customer service are key determinants of our success and we are excited […]

Lesotho: African Development Fund extends $4.25 million loan to modernize tax collection, boost revenue

Download logo The Board of Directors of the African Development Bank Group ( has approved a loan of $4.25 million to the Lesotho Revenue Authority to provide digital tax services, including e-taxation and e-payment, that will broaden the country’s tax base and boost government revenue. The funds, to be sourced from the African Development Fund, […]

Op-Ed: Are Data Centers in East Africa Ready for Digital Demands?

By Carol Koech. Country President, Schneider Electric East Africa. NAIROBI, KENYA – ( – Last year was different for many obvious reasons. But one habit which hasn’t changed is our need and use of everything digital. The pandemic has accelerated our use of digital channels, both as individuals and as businesses. We’re using more […]

Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say

The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership ( affirmed. Speaking at the virtual event’s opening, Subrahmanyam Jaishankar, India External Affairs Minister said […]

Ghana Emphasizes the Value of an Enabling Environment and the Role of Natural Gas at African Energy Week 2021 Pavilion

Hosted at African Energy Week 2021, the Ghana pavilion will drive a discussion on the value of Liquified Natural Gas as a power generation solution. The African Energy Chamber (AEC) is proud to announce that Ghana will be hosting a pavilion at African Energy Week (AEW) 2021 taking place in Cape Town on the 9th-12th […]

African Development Bank, partners, renew commitment to end child stunting in Africa

Download logo Urging unity and action to accelerate nutrition targets amid the global Covid-19 pandemic, representatives of the African Development Bank (, the Aliko Dangote Foundation and Big Win Philanthropy renewed their commitment to end child stunting and other forms of malnutrition through the Banking on Nutrition Partnership ( The partners convened during a high-level […]