AfDB Opens Africa Trading on London Stock Exchange

AfDB Opens Africa Trading on London Stock Exchange

African Development Bank now formal member of London Stock Exchange Africa Advisory Group which serves as a platform to enhance the development of African capital markets, and boost trade and investment flows between the UK and Africa. Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank to open […]

Putin Reappoints Africa-friendly Minister

Putin Reappoints Africa-friendly Minister

Russia’s President Vladimir Putin has appointed a new cabinet, keeping key ministers. One of those retaining their seats is the country’s energy minister Alexander Novak who played an instrumental role in the oil production deal with the Organization of Petroleum Exporting Countries (OPEC). The African Energy Chamber welcomes the reappointment of Minister Novak who has […]

Boris Johnson, Leaders urge Investors to Accelerate Africa Economic Role

Boris Johnson, Leaders urge Investors to Accelerate Africa Economic Role

UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel. At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African countries, including President El Sisi of Egypt, British […]

UK, Africa in Trade Agreement Ahead of Brexit

UK, Africa in Trade Agreement Ahead of Brexit

The UK government says it has signed 11 trade agreements with African countries, just over a week before it officially leaves the European Union. It is expected to unveil a new strategy for development in Africa later on Monday, which will focus more on infrastructure and trade. At least a dozen African leaders are in […]

At Davos, Janngo pledges €60 million to back African startups

At Davos, Janngo pledges €60 million to back African startups

On the eve of its participation to the 50th World Economic Forum, Janngo pledges 60€ million to back technology startups with a double bottom line approach through its dedicated investment vehicle Janngo Capital Startup Fund. The fund is a first of its kind Venture Capital & Impact vehicle investing from seed through growth stage across […]

Bank of Kigali Increases Sponsorship value For Rwanda’s Basketball

Bank of Kigali Increases Sponsorship value For Rwanda’s Basketball

Bank of Kigali PLC has signed the 2nd year of BK-FERWABA sponsorship and increased the sponsorship value from one hundred million to one hundred thirty-five million annually. BK also announced the ten league players who are becoming BK Brand ambassadors. Rwanda Basketball Federation (FERWABA) and BK signed a Rwf300 Million partnership in November 2018 with BK […]

Addressing Africa’s Skills Mismatch

Addressing Africa’s Skills Mismatch

By Hanan Morsy While much of the world struggles with rapid population aging, Africa is experiencing the opposite trend. With 60% of the continent’s population under the age of 25, African leaders must ensure not only that a sufficient number of quality jobs are available, but also that young people receive the education and training […]

American, African Superstars head for CAX Weekend in Kigali

American, African Superstars head for CAX Weekend in Kigali

Thousands of participants from over 68 countries within Africa and beyond have indicated interests to take part in the inaugural Creative Africa Exchange (CAX) Weekend which opens in Kigali on 16 January 2020. The event which in what has been describing as Africa’s first continental summit dedicated to promoting exchange within the creative and cultural […]

Boon for African SMEs, as African Guarantee Fund receives $33million

Boon for African SMEs, as African Guarantee Fund receives $33million

Africa’s leading Guarantee Institution, African Guarantee Fund (AGF) has received an additional $33M financing from German lender KfW Development Bank , in a move that will catapult AGF’s efforts to enable African SMEs continue to play their critical role in driving Africa’s economy. This new financing comes at a time when the continent’s SME sector […]

Africa’s Wealthiest Man Ends the Year $4.3 Billion Better Off

Africa’s Wealthiest Man Ends the Year $4.3 Billion Better Off

Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. The 62-year-old Nigerian businessman and Africa’s most prominent industrialist ended the decade with a net worth of almost $15 billion, making him the 96th wealthiest man in the […]

Rwanda Stocks Clock $1billion in Transaction Value

Rwanda Stocks Clock $1billion in Transaction Value

Rwanda Stock Exchange (RSE) deals have clocked a record $1 billion in transactions with the bank of Kigali leading in numbers of exchanges out of the eight listed companies on the counters. This record in transaction value is for the first time at the exchange marking the close of 2019 “Indeed 8 years $1billion in […]

Persist Climate Change Ambitions-AfDB tells Africans at COP25

Persist Climate Change Ambitions-AfDB tells Africans at COP25

The African Development Bank (AfDB) has urged African nations to stay the course on climate action, after a marathon session of talks at the twenty-fifth Conference of Parties to the United Nations Framework Convention on Climate Change (COP 25) in Madrid. The conference was scheduled to run from 2 to 13 December, but only concluded […]

Vodacom, WorldRemit launch mobile money transfers to M-Pesa Tanzania

Vodacom, WorldRemit launch mobile money transfers to M-Pesa Tanzania

WorldRemit, a leading digital money transfer service, has partnered with Vodacom Tanzania to enable nine million M-Pesa customers to receive money directly to their M-Pesa wallets from friends and family living abroad. The new service increases convenience for money transfer recipients in urban and rural areas of Tanzania as they can receive international money transfers […]

UK Contributes £3 million to feed Burundian refugees in Rwanda

UK Contributes £3 million to feed Burundian refugees in Rwanda

The United Nations World Food Programme (WFP) today welcomed a contribution of £3 million (US$3.8 million) from the United Kingdom to help save the lives of over 60,000 Burundian refugees in Mahama camp in eastern Rwanda who had faced ration cuts this month. “This contribution enables WFP to continue to reach the most vulnerable women, […]

Dubai’s Aleph Hospitality Opens Hotel In Nairobi

Dubai’s Aleph Hospitality Opens Hotel In Nairobi

Dubai-based independent hotel management company AlephHospitality has opened a new hotel- the Best Western Plus hotel in Westlands in Nairobi, Kenya. The new hotel introduces the Best Western Plus brand to one of the city’s most sought-after commercial districts, marks Aleph Hospitality’s continued expansion in Kenya, where the company has already signed management contracts for […]

Fashionomics Africa launches “game changing” Digital Marketplace

Fashionomics Africa launches “game changing” Digital Marketplace

African Development Bank’s flagship initiative, Fashionomics Africa, has launched the pilot phase of a digital marketplace to help Africa’s fashion designers, textile and accessories professionals connect with global markets. The launch took place on 25 November at the Global Gender Summit, a gathering of more than 1,500 representatives from multilateral development banks, finance institutions, governments […]