NEWS
Somali women entrepreneurs showcased at national business exhibition in Mogadishu
May 24, 2026 | Somalia | Shabelle Media
Somalia concluded its Women's Week with a Business Exhibition in Mogadishu, where women entrepreneurs displayed locally produced goods and services. Officials encouraged the businesswomen to expand…
Equity Bank Rwanda and One Acre Fund partner to expand agricultural finance for smallholder farmers
May 24, 2026 | Rwanda | The New Times
Equity Bank Rwanda and One Acre Fund signed a partnership to widen access to credit, savings, digital payments, and capacity-building for farmers, cooperatives, and agri-SMEs across Rwanda,…
Breadfast raises $50 million for quick-commerce food delivery expansion
May 24, 2026 | Egypt | Tech In Africa
Egyptian food delivery platform Breadfast raised $50 million to expand its quick-commerce operations, placing Egypt alongside Kenya and South Africa as one of Africa's top three startup investment…
Egypt–Chinese firms TEDA: $1.15 billion industrial complex in Suez Canal Economic Zone
May 24, 2026 | Egypt | Middle East Economy
Egypt is partnering with three Chinese firms on a $1.15 billion industrial complex in the Suez Canal Economic Zone: polyester film (Xin Feng Ming), tires (Chaoyang Langma), and health products…
Zambia signs historic 480,000-tonne mealie meal export deal with DRC
May 24, 2026 | DR Congo | Open Zambia
Zambia's Food Reserve Agency signed a landmark agreement to export 480,000 metric tonnes of mealie meal to the DRC. President Hichilema described it as a significant step in Zambia's agricultural…
Komoralink digital platform launches to unite entire Comorian commerce ecosystem
May 24, 2026 | Comoros | Alwatwan
Fortibtech, in partnership with the Chamber of Commerce of Ngazidja, officially launched Komoralink, a digital platform connecting traders, suppliers, restaurateurs, delivery drivers, wholesalers,…
Comoros and Tunisia central banks sign cooperation agreement on financial stability and innovation
May 24, 2026 | Comoros | alwatwan
The Central Bank of Tunisia and the Central Bank of Comoros signed a cooperation agreement covering monetary policy, financial stability, banking supervision, modernisation of payment systems,…
Nigeria’s Aliko Dangote targets new refinery in Kenya
May 10, 2026 | Kenya | Business Day
Africa's richest man Aliko Dangote is targeting Kenya as the location for a new oil refinery, in a move that would significantly expand domestic refining capacity and reduce Kenya's dependence on…
Taiking Electronics (China) chooses Tunisia as its first EV components production base outside China
May 5, 2026 | Tunisia | Tunisian Monitor News
Taiking Electronics Group chose Tunisia for its first production base outside China for EV components, investing approximately 40 million TND and creating 300 jobs — a significant milestone in…
Seychelles and Mauritius sign reciprocal tuna fishing agreement covering both EEZs
May 1, 2026 | Mauritius | Seychelles News Agency
Seychelles approved a three-year reciprocal fishing agreement with Mauritius, granting licensed tuna vessels from both countries access to each other's exclusive economic zones. The agreement took…
MEDIA
NEWS
Somali women entrepreneurs showcased at national business exhibition in Mogadishu
May 24, 2026 | Somalia | Shabelle Media
Somalia concluded its Women's Week with a Business Exhibition in Mogadishu, where women entrepreneurs displayed locally produced goods and services. Officials encouraged the businesswomen to expand…
Equity Bank Rwanda and One Acre Fund partner to expand agricultural finance for smallholder farmers
May 24, 2026 | Rwanda | The New Times
Equity Bank Rwanda and One Acre Fund signed a partnership to widen access to credit, savings, digital payments, and capacity-building for farmers, cooperatives, and agri-SMEs across Rwanda,…
Breadfast raises $50 million for quick-commerce food delivery expansion
May 24, 2026 | Egypt | Tech In Africa
Egyptian food delivery platform Breadfast raised $50 million to expand its quick-commerce operations, placing Egypt alongside Kenya and South Africa as one of Africa's top three startup investment…
Egypt–Chinese firms TEDA: $1.15 billion industrial complex in Suez Canal Economic Zone
May 24, 2026 | Egypt | Middle East Economy
Egypt is partnering with three Chinese firms on a $1.15 billion industrial complex in the Suez Canal Economic Zone: polyester film (Xin Feng Ming), tires (Chaoyang Langma), and health products…
Zambia signs historic 480,000-tonne mealie meal export deal with DRC
May 24, 2026 | DR Congo | Open Zambia
Zambia's Food Reserve Agency signed a landmark agreement to export 480,000 metric tonnes of mealie meal to the DRC. President Hichilema described it as a significant step in Zambia's agricultural…
Komoralink digital platform launches to unite entire Comorian commerce ecosystem
May 24, 2026 | Comoros | Alwatwan
Fortibtech, in partnership with the Chamber of Commerce of Ngazidja, officially launched Komoralink, a digital platform connecting traders, suppliers, restaurateurs, delivery drivers, wholesalers,…
Comoros and Tunisia central banks sign cooperation agreement on financial stability and innovation
May 24, 2026 | Comoros | alwatwan
The Central Bank of Tunisia and the Central Bank of Comoros signed a cooperation agreement covering monetary policy, financial stability, banking supervision, modernisation of payment systems,…
Nigeria’s Aliko Dangote targets new refinery in Kenya
May 10, 2026 | Kenya | Business Day
Africa's richest man Aliko Dangote is targeting Kenya as the location for a new oil refinery, in a move that would significantly expand domestic refining capacity and reduce Kenya's dependence on…
Taiking Electronics (China) chooses Tunisia as its first EV components production base outside China
May 5, 2026 | Tunisia | Tunisian Monitor News
Taiking Electronics Group chose Tunisia for its first production base outside China for EV components, investing approximately 40 million TND and creating 300 jobs — a significant milestone in…
Seychelles and Mauritius sign reciprocal tuna fishing agreement covering both EEZs
May 1, 2026 | Mauritius | Seychelles News Agency
Seychelles approved a three-year reciprocal fishing agreement with Mauritius, granting licensed tuna vessels from both countries access to each other's exclusive economic zones. The agreement took…
Air Liquide expands Egypt operations with €100 million+ investment across 15 production sites
April 29, 2026 | Egypt | ZAWYA
France's Air Liquide is scaling up its industrial gases sector investment in Egypt, with more than €100 million planned across 15 production sites, serving 800+ clients through pipeline networks…
Egyptian startup INVIA raises $1.2 million for AI-powered financial OS for SMEs
April 28, 2026 | Egypt | Disrupt Africa
Egyptian fintech startup INVIA raised $1.2 million to develop an AI-powered financial operating system for SMEs, replacing fragmented tools with a unified platform automating bookkeeping, cash flow…
Toyota Tsusho's AEOLUS begins commercial operation of 100MW solar plants
April 27, 2026 | Tunisia | Power Technology
AEOLUS, a Toyota Tsusho Group company, commenced commercial operation of two solar power plants in Tunisia with a total capacity of 100MW in Sidi Bouzid and Tozeur, supplying electricity to the…
AJE Group to expand Egypt investments to $150 million by 2030 and establish new investment zone
April 26, 2026 | Egypt | Ahram Online
Paris-based global beverage company AJE Group announced plans to expand its Egypt operations from $60 million to $150 million by 2030 in the food and beverage sector, while also establishing a new…
Hawassa Industrial Park inaugurations: Solar factories and gas plant go online
April 25, 2026 | Ethiopia | ENA
Prime Minister Abiy Ahmed inaugurated the Toyo Phase 2, Origin, and Lumintech solar factories (combined 11.3 GW annual capacity) alongside the HZ Gas Plant (producing 900T oxygen, 40,000T nitrogen,…
TVS Motor Company enters Zambia, targeting taxis, deliveries, and personal transport
April 22, 2026 | Zambia | Lusaka Times
India's TVS Motor Company officially entered the Zambian market with eight products in partnership with Zamoto Manufacturing Limited, targeting taxi, delivery, and personal transport segments while…
Zimbabwe and Zambia sign $2.18 billion railway deal linking mineral heartlands to ports
April 20, 2026 | Zimbabwe | African Leadership Magazine
Zimbabwe and Zambia signed a $2.18 billion MoU for the 311km Lion's Den–Kafue railway, reducing the distance to Beira Port by 800km and to South African ports by 1,000km — a strategic infrastructure…
Zimbabwe and Zambia sign $2.18 billion railway deal to cut mineral export distances
April 20, 2026 | Zambia | African Leadership Magazine
Zimbabwe and Zambia signed a $2.18 billion MoU to develop the 311km Lion's Den–Kafue railway, reducing the distance to Beira Port by 800km and to South African ports by 1,000km — significantly…
Air Seychelles launches Istanbul route via Turkish Airlines codeshare, opening Europe corridor
April 20, 2026 | Seychelles | RUS Tourism News
Air Seychelles introduced a twice-weekly service to Istanbul from May to June 2026, operated by a leased Airbus A330-300. A codeshare with Turkish Airlines connects passengers to a wide European…
Standard Bank Malawi launches Kwacha Point agency banking for rural financial inclusion
April 20, 2026 | Malawi | Nyasa Times
Standard Bank Malawi launched Kwacha Point, a mass-market agency banking platform designed to take formal financial services into rural and underserved communities. CEO Phillip Madinga said the…
FNB Eswatini opens 13th branch to decentralise banking and support underserved communities
April 15, 2026 | Eswatini | Eswatini Observer
FNB Eswatini officially opened its 13th branch at Siphofaneni Plaza, reinforcing the bank's commitment to decentralising banking services and supporting economic growth in underserved areas as part…
Kenya launches Voi-Taveta railway revival, strengthening cross-border corridor with Tanzania
April 13, 2026 | Kenya | Logistics Update Africa
President Ruto presided over the groundbreaking ceremony for the rehabilitation of the Voi-Taveta Railway Line, restoring a strategic transport corridor that will strengthen cross-border trade with…
British company Propav Infrastructure signs contract for 120MW solar plants in Lualaba
April 12, 2026 | DR Congo | ACP
A commercial contract was signed between ANSER and British company Propav Infrastructure Limited to develop two large-scale solar power plants in DRC's Lualaba province with a total installed…
Madagascar Airlines and Ewa Air codeshare connects Madagascar, Mayotte, and Comoros
April 7, 2026 | Madagascar | Midimadagasikara
Madagascar Airlines and Ewa Air launched a codeshare connecting Mayotte to Antananarivo, Antsiranana, Mahajanga, and Nosy Be, with onward connections to Moroni in the Comoros, improving regional…
Djibouti inaugurates East Africa’s largest ship repair yard with $124 million backing
April 7, 2026 | Djibouti | Business Insider
Djibouti inaugurated the Djibouti Ship Repair Yard (DSRY), the largest ship repair yard in the Red Sea and East Africa, backed by $124 million in investment. Located at the entrance of the Bab…
Madagascar Airlines and Ewa Air launch codeshare connecting Madagascar and Comoros
April 7, 2026 | Comoros | Midimadagasikara
Madagascar Airlines and Ewa Air implemented a codeshare agreement connecting Mayotte to Antananarivo, Antsiranana, Mahajanga, and Nosy Be, with onward connections to Moroni in the Comoros — improving…
Cold Solutions Rwanda launches $25–30 million cold storage facility in Kigali SEZ
March 31, 2026 | Rwanda | Taarifa
Cold Solutions Rwanda launched a 1,400 sqm packhouse in Kigali's Special Economic Zone as part of a $25–30 million cold storage investment, set to transform Rwanda's export sector by enabling fresh…
Kenya secures $2.9 billion in 20 investment deals at KIICO 2026, creating 63,000 jobs
March 28, 2026 | Kenya | Citizen Digital
The Kenya International Investment Conference (KIICO) 2026 opened with the announcement of investment deals worth over $2.9 billion across agriculture, mining, manufacturing, healthcare, ICT, real…
SafeBoda launches B2B enterprise transport platform — already used by 200+ companies
March 27, 2026 | Uganda | THE INDEPENDENT
SafeBoda launched a business-to-business transport solution enabling SMEs and corporates to manage employee mobility, deliveries, and expenses through a centralised digital portal. The platform is…
Ubombo Sugar injects E2.8 billion to expand crushing capacity and power exports
March 27, 2026 | Eswatini | Eswatini Observer
Ubombo Sugar Limited is undertaking a major factory expansion — E1.3 billion to increase crushing capacity and E1.5 billion for expanded power exports — transforming the business environment around…
Spain's Meliá Hotels launches in Tunisia with 3,000-room expansion plan across 5 properties
March 26, 2026 | Tunisia | African Manager
Meliá Hotels International entered the Tunisian market through a strategic partnership with Management Hospitality Group, planning five new properties targeting 3,000 rooms by 2030. The first…
Eswatini joins Africa Strategic Investment Alliance for MSME blended finance
March 24, 2026 | Eswatini | Sunday Times of Eswatini
Eswatini announced it will join the Africa Strategic Investment Alliance (AfSIA), a continental financing mechanism enabling governments to mobilise resources for small businesses, women, and youth…
Port of Toamasina new C4 quay opens — positioning Madagascar as a regional logistics hub
March 24, 2026 | Madagascar | Midimadagasikara
The new C4 quay at the Port of Toamasina, with a 16-metre depth capable of accommodating large vessels, was inaugurated as part of a Japanese-financed expansion project. The full expansion will more…
GBI Greenhouse Farm exports 1,100 tonnes of bell peppers to South Africa
March 21, 2026 | Malawi | Nyasa Times
GBI Greenhouse Limited, Malawi's sole large-scale greenhouse farm, has exported at least 1,100 tonnes of premium bell peppers to South Africa over two years, producing bell peppers, tomatoes,…
KoBold Metals (Bezos & Gates-backed) signs AI-driven minerals deal with Burundi
March 19, 2026 | Burundi | 16 March 2026
KoBold Metals has signed an MoU with Burundi's government to digitise the country's geological data and make it publicly accessible, accelerating mineral discovery in the East African Nickel Belt.…
KoBold Metals commits $50 million to largest-ever lithium exploration in DRC
March 16, 2026 | DR Congo | Business Insider
Bezos and Gates-backed KoBold Metals committed $50 million to begin the largest lithium exploration campaign ever undertaken in the DRC, targeting battery minerals critical to the global energy…
Rwanda launches Innovate Rwanda digital platform to connect startups with investors
March 13, 2026 | Rwanda | News
Rwanda launched the Innovate Rwanda national digital platform to connect startups, investors, talent, and ecosystem support organisations — serving as a central gateway to Rwanda's innovation…
FNB Zambia and British International Investment seal $20 million MSME financing deal
March 11, 2026 | Zambia | Open Zambia
FNB Zambia and UK development finance institution British International Investment (BII) formalised a $20 million financing partnership to transform access to capital for micro, small, and medium…
Tunisia and Madagascar sign cooperation agreement to boost trade and investment
March 11, 2026 | Madagascar | Tunisi Enumerique
The Economic Development Board of Madagascar and the Tunisia–Madagascar Chamber of Commerce signed a cooperation agreement to strengthen trade exchanges and encourage investment, ahead of a Tunisian…
Kenya-Rwanda fintech passporting deal removes cross-border licensing barriers
March 11, 2026 | Kenya | The New Times
The National Bank of Rwanda and the Central Bank of Kenya signed the Kigali Declaration on Fintech License Passporting, allowing licensed fintech firms in one country to expand services into the…
Canada announces up to $500 million investment in DRC for medicine production hub
March 11, 2026 | DR Congo | ACP
Following a mission by the FPI Director General to Ottawa, a new Canadian investment of up to $500 million was announced in the DRC through the Industry Promotion Fund. The project would position DRC…
Zambia targets tripling copper production to 3 million tonnes by 2031
March 10, 2026 | Zambia | World Energy News
Zambia is actively wooing global investors to triple copper production to 3 million tonnes by 2031. Mines Minister Paul Kabuswe stressed the importance of fair deals, saying investments must be…
Tunisia allocates $1 billion+ to expand Tunis-Carthage International Airport to 18.5 million passengers
March 9, 2026 | Tunisia | African Initiative
Tunisia will allocate approximately $1 billion to expand Tunis-Carthage International Airport, increasing capacity from 5 million to 18.5 million passengers per year by 2031 through a new…
Kenya Airways codeshare with JetBlue opens seamless East Africa–US travel
March 9, 2026 | Kenya | Gana News
Kenya Airways signed a unilateral codeshare with US carrier JetBlue, enabling seamless travel on a single ticket across both networks and improving connectivity between East Africa and major US…
Ethio telecom seals major network expansion deals with ZTE and Ericsson at MWC Barcelona
March 9, 2026 | Ethiopia | ENA
Ethio telecom finalised two landmark agreements at Mobile World Congress Barcelona: a network expansion deal with ZTE covering 647 sites including 115 rural areas, and a modernisation agreement with…
Rwanda signs Mutual Recognition Agreement with Zimbabwe, opening agro-export market
March 6, 2026 | Zimbabwe | KTPRESS
Rwanda and Zimbabwe signed a Mutual Recognition Agreement enabling 32 Rwandan SMEs to export 72 certified food and agro-processed products to Zimbabwe. The deal strengthens intra-COMESA agricultural…
Rwanda signs trade standards agreements with Congo and Zimbabwe, opening markets for 32 SMEs
March 6, 2026 | Rwanda | KTPRESS
Rwanda signed Mutual Recognition Agreements with Congo and Zimbabwe, enabling 32 Rwandan SMEs to officially export 72 certified food and agro-processed products — including sorghum, wheat, maize,…
Mauritius Freeport Development positions island as strategic gateway for Africa-Asia expansion
March 6, 2026 | Mauritius | Africa.com
Mauritius Freeport Development (MFD) intensified engagement with South African manufacturers, positioning Mauritius as a strategic gateway for regional expansion into Africa, Asia, and the Middle…
Phoenix Beverages invests $15 million in new production line, doubling manufacturing capacity
March 5, 2026 | Mauritius | Food Business MEA
Phoenix Beverages Ltd inaugurated a new soft drink production line representing a $15 million investment, designed to double manufacturing capacity while adhering to strict environmental benchmarks…
Comoros promotes tourism to global professionals at ITB Berlin
March 5, 2026 | Comoros | Habariza Comores
At the ITB Berlin international tourism fair, Comoros Minister of Environment and Tourism Abubakar Ben Mahmoud led a promotional event targeting tour operators, investors, project developers, and…
DRC-Japan Business Forum opens door for strategic industrial partnerships
March 2, 2026 | DR Congo | APC
At the first DRC-Japan Business Forum, DRC's Minister of National Economy called for strategic industrial partnerships in mining, energy, agriculture, and infrastructure. Japan's Ambassador…
Egyptian fintech Valu secures $63.6 million from National Bank of Egypt
January 27, 2026 | Egypt | Disrupt Africa
Egyptian fintech company Valu secured $63.6 million in financing from the National Bank of Egypt, boosting its buy-now-pay-later and consumer finance platform serving millions of Egyptians through…
Kenyan solar company Sun Culture banks $5m funding from WaterEquity
September 26, 2025 | Kenya | Disrupt Africa
Kenya’s SunCulture, a provider of solar-powered irrigation solutions and agricultural technology to smallholder farmers, has secured US$5 million in funding from WaterEquity, a global asset manager…
Uganda, Somalia to host Joint Commission, business summit to boost bilateral ties
September 26, 2025 | Uganda | Hiraan Online
Uganda will host the second session of the Uganda-Somalia Joint Permanent Commission and a business summit to strengthen bilateral relations and promote trade and investment between the two…
Egypt, Nigeria explore joint energy investments at Gastech 2025
September 20, 2025 | Egypt | Daily News Egypt
Discussions covered a wide range of opportunities, including the exchange of technical expertise, joint investment in exploration and production, collaboration on liquefied natural gas (LNG) projects…
Tunisia, Egypt create joint commission to revive cooperation
September 19, 2025 | Tunisia | APA News
The countries aim to quickly double their annual trade volume from €470 million to nearly €1 billion. A direct shipping line between Tunis and Cairo is one of the key projects being considered to…
Zambia and Zimbabwe Launch Groundbreaking Lake Kariba Blue Economy Strategy and Investment Plan
September 19, 2025 | Zambia | FAO
Lake Kariba sustains millions of people across both countries, contributing significantly to nutrition, livelihoods, and economic activity. Yet until now, the lake lacked coordination to harness its…
Rwanda Signs $100M+ investment MoUs with Mauritania and Guinea
September 18, 2025 | Rwanda | Africa News Agency
During the Africa CEO Forum in Kigali, Jeanine Munyeshuli (RDB) signed two MoUs—one with Aïssata Lam (Mauritania) and another with Diana Kouyaté (Guinea)—to boost South-South cooperation and promote…
Kenya signs $800 million MoU with Linglong Tire for Mombasa SEZ plant This plant is expected to create over 1,500 jobs and strengthen Kenya’s role in the automotive supply chain
September 18, 2025 | Kenya | Logistics Update Africa
Kenya has signed a memorandum of understanding (MoU) with China’s Shandong Linglong Tire to establish a $800 million tyre manufacturing facility in the Mombasa Special Economic Zone. The agreement…
Seychelles upgraded to ’BB’ by Fitch on stronger policy buffers
September 7, 2025 | Seychelles | Investing.com
The upgrade reflects enhanced policy buffers that have strengthened the country’s resilience to potential external shocks, particularly those related to tourism. Fitch cited the country’s commitment…
Tunisia launch of the new Business Trade in Tunisia platform
September 5, 2025 | Tunisia | Africa News Agency
The Chamber of Commerce and Industry of the Center (CCIC) launched the new version of its platform “Business Trade in Tunisia” . Designed for businesses, it offers a virtual trade fair to showcase…
Rwanda launches automated portal to speed up investments
September 5, 2025 | Rwanda | Freight News
The Rwanda Development Board (RDB) and TradeMark East Africa (TMEA) have launched a new online system that automates the investment process, enhancing the capacity of RDB’s One Stop Centre to process…
Egypt to establish three private free zone factories for PVC panels, textiles with $216.5m in investments
September 3, 2025 | Egypt | Daily News Egypt
Al-Wazir noted that the PVC panels project represents a new industry for the Egyptian market and will help meet domestic demand from a strategic location in New Alamein. He added that the garments…
Serdal International has launched a new passenger ferry service in the Comoros islands.
September 3, 2025 | Comoros | Container News
AD Ports Group, in partnership with Resources Investment, will launch a passenger ferry service in the Comoros archipelago of East Africa. This project forms part of the country’s ongoing economic…
Tsingshan’s $800 Million Investment Boosts Zimbabwe Steel Production
September 3, 2025 | Zimbabwe | Discovery Alert
In a significant development for Zimbabwe's industrial sector, Chinese metals giant Tsingshan Holding Group has announced an $800 million investment to expand its Dinson Iron and Steel Company…
Globeleq to enter Zambia with investment in hydropower producer
September 2, 2025 | Zambia | Renewables Now
Africa-focused independent power producer (IPP) Globeleq has sealed an agreement to take a 51% stake in Zambia-based Lunsemfwa Hydro Power Company (LHPC), which operates two plants totalling 56 MW…
BII and partners launch SME fund in Zambia
September 2, 2025 | Zambia | Africa Private Equity News
British International Investment (BII), Zambia’s National Pension Scheme Authority (NAPSA) and Swedfund today announced the launch of Growth Investment Partners Zambia (GIP Zambia). This investment…
Chinese tea company to invest US$100m in Kenya
September 2, 2025 | Kenya | Nanyang Technological University
One of China’s largest tea companies, Benny Tea Industries, plans to invest US$100m in Kenya. Company chairman Zhang Chaobin recently met Kenyan President William Ruto in Nairobi to discuss…
Somalia Embraces Instant Payments with First-Ever National Switch Powered by BPC
April 28, 2025 | Somalia | Tech Africa News
The Somalia Payment Switch (SPS1) has launched the country’s first Instant Payment System with QR payments support, powered by BPC’s SmartVista platform, modernizing Somalia’s payment……
Tunisia Embraces Digital Future with Nationwide 5G Launch
April 20, 2025 | Tunisia | Tech in Africa
Tunisia marked a significant technological advancement as three major telecommunications operators—Orange Tunisie, Ooredoo Tunisie, and Tunisie Télécom—launched 5G services nationwide after receiving…
Djibouti positions itself as East Africa’s digital gateway through submarine cable investments
April 15, 2025 | Djibouti | Tech Point Africa
Djibouti is rapidly transforming into a pivotal digital hub in East Africa, leveraging its strategic location and substantial investments in submarine cable infrastructure, connecting continents and…
Zambia Unveils Digital Platform to Streamline Mining Licenses
April 10, 2025 | Zambia | African Mining Market
Zambia's Ministry of Mines and Minerals Development launched the Zambia Integrated Mining Information System (ZIMIS), a digital platform designed to enhance efficiency and transparency in mining…
Airtel Africa Set to Receive $100M Investment from IFC for Operations Growth
March 31, 2025 | Kenya | Tech Africa News
The International Finance Corporation (IFC) is considering a major investment in Airtel Africa to strengthen its telecom operations across East Africa. The proposed funding, totaling $100 million, is…
Naivasha Special Economic Zone Begins To Take Shape
March 31, 2025 | Kenya | Kenya News
The Naivasha Special Economic Zone (SEZ) is taking shape with 14 investors having signed up to set up business at the expansive zone in Maai – Mahiu area in Naivasha. Original article link:…
Huawei launches first of 100 smart villages in Zambia
August 8, 2024 | Zambia | Business Ghana
Huawei Zambia has launched a smart village project in the southern district of Namwala, Huawei. It includes a communication tower and a solar system able to power numerous homes. At a launch event,…
CanalBox launches fibre optic Internet services in Uganda
August 8, 2024 | Uganda | Tech Point
CanalBox’s fibre optic Internet employs light pulses for data transmission, resulting in faster and more reliable coverage. The Deputy Speaker of Parliament, Thomas Tayebwa, announced that the…
Coca-Cola Beverages Uganda launches US$27 Million production line
August 8, 2024 | Uganda | Food Business Africa
UGANDA – Coca-Cola Beverages Uganda (CCBU) has significantly enhanced Uganda’s beverage industry with the launch of a state-of-the-art production line at its headquarters in Namanve. The new…
African Export-Import Bank plans to open a regional center in Tunis
August 3, 2024 | Tunisia | Tap info Africa
The African Export-Import Bank (Afreximbank) plans to open a regional center in Tunis, said its president, Benedict Oramah, during a meeting held in Tunis, with Governor of the Central Bank of…
Somalia launches fisheries week to help reap investments in blue economy
August 3, 2024 | Somalia | English News CN
Somalia on launched a special week to showcase its marine resources potential, demonstrating the government's commitment to foster a vibrant blue economy. Original article link:…
Egypt inks $33bn green ammonia deals at Egypt-EU Investment Conference
August 3, 2024 | Egypt | Daily News Egypt
Egypt secured nearly $33bnin investments for four green ammonia projects during the Egypt-EU Investment Conference held in Cairo. Prime Minister Mostafa Madbouly oversaw the signing of agreements…
Egypt, UAE strengthen agricultural investment ties
August 2, 2024 | Egypt | Daily News Egypt
Minister of Agriculture and Land Reclamation, Alaa Farouk, met with Mariam Al Kaabi, the UAE Ambassador to Cairo, to discuss enhancing cooperation between the two countries in agricultural…
Egypt launches direct flights to Djibouti, Somalia to boost regional ties
August 2, 2024 | Egypt | Middle East Monitor
As part of efforts to enhance cooperation with the Horn of Africa, Egypt inaugurated direct flights between Cairo, Djibouti City and Mogadishu. The move is seen as a strategic effort to bolster…
Rwanda, South Korea ink $1bn deal to fund transport, healthcare, education projects
August 2, 2024 | Rwanda | News Time
Rwanda and South Korea officials inked a US$1 billion framework arrangement aimed at providing concessional funding for a range of projects in key sectors of the Rwandan economy including…
IFAD, Malawi launch US$53M agricultural development program
August 2, 2024 | Malawi | Food Business Africa
MALAWI- The Government of Malawi and the International Fund for Agricultural Development (IFAD) have launched the US$53 million Sustainable Agriculture Production Program Phase II (SAPP II) meant to…
Renewable energy: Inauguration of the solar power plant in Anosibe Ifanja, Itasy region
August 2, 2024 | Madagascar | Midimadagasikara
Projects to strengthen renewable energy production capacity continue to improve access to electricity. Last Saturday, a solar power plant was inaugurated in the rural commune of Anosibe Ifanja,…
BYD deal emboldens Rwanda’s Ampersand to expand into East Africa
August 1, 2024 | Rwanda | Global Fleet
Ampersand, the manufacturer and provider of electric motorcycles , aims to expand into Uganda and Tanzania. The bold plans come weeks after the Rwanda-based company struck a deal with China’s BYD for…
AirAsia X expands with new route to Nairobi, Kenya
August 1, 2024 | Kenya | Zawya
Africa, connecting Singaporean travellers to Nairobi, Kenya, via Kuala Lumpur. The inaugural flight is scheduled for 15 November 2024, making AAX the only low-cost carrier in Malaysia to offer direct…
Kenya hosts first African Drone Summit
August 1, 2024 | Kenya | The Star-co
Kenya has become the first African country to host the Elevate African drone summit in a bid to tap into the lucrative global drone market. The two-day event gathered over 500 participants from 21…
Kenya launches strategic plan to boost dairy exports
August 1, 2024 | Kenya | English News CN
Kenya unveiled a five-year strategic plan aimed at enhancing the country's dairy exports. Jonathan Mueke, principal secretary in the Kenyan Ministry of Agriculture and Livestock Development, told…
Stakeholders from Kenya, Uganda, Tanzania convene for regional trade talks
August 1, 2024 | Kenya | The Star-co
Over 5oo delegates from Kenya Uganda and Tanzania are set to meet in Naivasha to deliberate on the regions trade. The forum to be held by Business Networking International East Africa will bring…
UAE’s digital payment Network International to invest EGP 1 bln in Egypt
November 26, 2023 | Egypt | Ahram English
Emirati e-payment company Network International announced plans to invest EGP 1 billion ($32.33 million) in Egypt's digital payment solutions sector. Original article link:…
Arab agricultural authority to invest $100 million in Egypt’s agricultural sector
November 26, 2023 | Egypt | Ahram English
These investments are spread across three companies including; Faiyum Sugar, in which the authority holds a 27 percent stake; the Arab Company for Production and Preservation of Crops, in which it…
Kenya, China Sign Sh63bn Business Deals for ICT, Pharmaceutical, Engineering
November 26, 2023 | Kenya | Capital FM
Kenya and China have signed business deals worth Sh63 billion covering an array of sectors including ICT, pharmaceuticals as well as engineering. The signing was done during the Kenya-China…
Dubai-based luxury travel firm Miftah enters Kenya
November 26, 2023 | Kenya | Business Daily Africa
Dubai-based luxury travel service provider Miftah Concierge has launched operations in Kenya as a springboard for Africa expansion. Miftah will inject an initial capital investment of $2 million…
DRC-Tunisia: signing of a protocol on the implementation of PT-NTIC projects
November 26, 2023 | Tunisia | ACP
The memorandum of understanding with the Tunisian consortium Sotracom is part of cooperation between the two parties, on several projects including technical advice as part of the implementation of…
MFS Africa partners with Madagascar’s MVola for international money transfers
November 25, 2023 | Madagascar | Tech Trend
Pan-African digital payments network, MFS Africa, has partnered with Mvola, Madagascar’s leading mobile money provider, to facilitate inbound international money transfers. The two partners say the…
Egyptian investors to open fertiliser plant in Zimbabwe
November 23, 2023 | Zimbabwe | Bulawayo
A delegation of Egyptian investors met with President Mnangagwa in Harare, expressing a strong interest in establishing a fertilizer plant in Zimbabwe. The signing of a Memorandum of Understanding…
Zimbabwe launches digital platform to woo foreign investment in tourism sector
November 23, 2023 | Zimbabwe | Xinhuanet
Zimbabwe's investment promotion agency launched a digital platform to facilitate local and foreign investment in the country's tourism sector. The platform, known as the Zimbabwe Tourism Investment…
Starlink Launches Business Services in Zambia, Partnering with Paratus Group
November 23, 2023 | Zambia | Lusaka Times
Access to cutting-edge technology and information has taken a significant leap forward in Zambia as Starlink, a global leader in satellite internet services, has officially launched its business…
Zambia exports fertilizer to Botswana
November 23, 2023 | Zambia | Xinhuanet
Zambia started the export of 15,000 metric tons of fertilizer to Botswana, the first of its kind for Zambia which has always been a net importer of fertilizer. Original article link:…
BODAWERK Rebrands To GOGO, Launches New Electric Motorcycle & Partners With Watu To Fund Expansion In Uganda
November 22, 2023 | Uganda | Cleantechnica
Launched in Uganda 6 years ago, BODAWERK, now known as GOGO, is a technology company on a mission to help accelerate a sustainable transition to renewable energy in Africa through its technology and…
Mastercard & Equity Bank team to foster financial inclusion in Uganda
November 22, 2023 | Uganda | IBS intelligence
Mastercard and Equity Bank Uganda signed a memorandum of understanding to improve financial inclusion for digitally excluded individuals, communities, and businesses in Uganda. Mastercard Community…
Transmission network project inaugurated in Seychelles
November 22, 2023 | Seychelles | Smart Energy
In Seychelles, the Saudi Fund for Development (SFD) has officially inaugurated the 33kv Transmission Network of the South Mahe Island Project. The project’s significance, according to the Saudi fund…
Rwanda Development Bank launches sustainability-linked bond to promote inclusive sustainable development
November 22, 2023 | Rwanda | African Business Communities
The Development Bank of Rwanda (BRD) launched its inaugural Sustainability-Linked Bond (SLB) on the Rwanda Stock Exchange. The SLB supports BRD’s commitment to mainstreaming environmental, social,…
Mauritius Telecom eyes Africa expansion
November 21, 2023 | Mauritius | Technical Central
Mauritius’s state-owned telecommunications operator is assessing opportunities in several African nations as part of a key strategic initiative to diversify out of the Indian Ocean island market.…
Malawi, Zambia, Mozambique commit to regional integration, cooperation
November 21, 2023 | Malawi | Malawi Nation
President Lazarus Chakwera signed three trilateral agreements with presidents of Mozambique and Zambia, Felipe Nyusi and Hakainde Hichilema, to boost regional integration and cooperation. The three…
Technology: Blueline launches a very high-speed satellite Internet solution
November 21, 2023 | Madagascar | Midi-Madagasikar
A better future in short for Madagascar's Internet connectivity and which will strengthen its position as leader in this area in Africa. The offer of fast connectivity, with a speed of up to 50 Mbps,…
Carrefour opens new store in Nairobi CBD
November 21, 2023 | Kenya | The Star
The retail franchise, owned by Dubai-based Majid Al Futtaim, now has 21 stores, 17 of which are in Nairobi while Kisumu and Mombasa host two stores each. “The opening of the new store is a testament…
New building at Hwange National Park aims to support tourism and conservation in Zimbabwe
November 21, 2023 | Malawi | Maravi Express
The new complex is the first significant investment since ZimParks and IFAW extended their partnership to a 25-year, US$50 million conservation agreement. The investment, which has the endorsement…
Kenyan youth to benefit from over 300,000 jobs in Google, Intel, Apple
November 20, 2023 | Kenya | Business Insider
Kenyan youth are poised to benefit from over 300,000 jobs in global tech giants Google, Intel, and Apple, following successful negotiations between the Kenyan government and the companies. President…
A new $850m route to speed up Congo’s copper exports
November 20, 2023 | DR Congo | Money Web
An $850 million road project connecting copper and cobalt mines in the Democratic Republic of Congo through Zambia to an East African port will cut more than 150 miles from the existing journey,…
IsDB and Comoros Strengthen Collaboration in Health, Trade, and Private Sector Development
November 20, 2023 | Comoros | ISDB
Islamic Development Bank President and Group Chairman, H.E. Dr. Muhammad Al Jasser, says the premier Multilateral Development Bank of the Global South will continue engaging with the Comoros in…
Turkish Vestel, Zorlu to establish home appliances factory in Egypt with $70 mln initial investment
November 14, 2023 | Egypt | Ahram English
Turkish companies Vestel, a home and professional appliance manufacturer, and Zorlu, a multinational holding company, are planning to establish a home appliances factory in Egypt with over $70…
“La Kinoise”, the homegrown coffee in the DR Congo reviving business
August 15, 2023 | DR Congo | Africa News
A young entrepreneur in the Democratic Republic of Congo has opened up a coffee factory that is helping revive the coffee industry in Kinshasa, the capital of the central African nation. The aroma of…
Burundi’s solar capacity to double, announces President Ndayishimiye at ribbon cutting for first solar field: GITEGA and MUBUGA
August 15, 2023 | Burundi | World.einnews
President Ndayishimiye of Burundi visited Gigawatt Global's solar power plant in Mubuga, near the capital Gitega, the nation's first utility-scale solar field. The high-profile celebratory event was…
Kenya: Airtel to add an additional 349 network sites
August 14, 2023 | Kenya | Africa Business communities
“We are committed to providing our customers with a network that reaches every corner of Kenya,” said Mr. Olusegun Ogunsanya, Group CEO of Airtel Africa. “Our network expansion efforts are driven by…
Rwanda, PSG celebrate three years of success, extend partnership
August 14, 2023 | Rwanda | Newstime
Following the successful first three years of working together, Paris Saint-Germain – one of the world’s top football clubs and sports brands – and Visit Rwanda, the tourism-focused arm of the Rwanda…
Kenya’s Fingo partners Ecobank to launch financial services app
August 13, 2023 | Kenya | Disrupt Africa
Kenyan startup Fingo has partnered Ecobank to launch a new app aimed at powering financial inclusion across Africa. Fingo, which took part in Y Combinator in 2021, empowers Africa’s youth by enabling…
Korean agency to invest in vegetable seed development to boost farmer incomes
August 13, 2023 | Uganda | New Vision
The Korea International Cooperation Agency (KOICA), announced that it will start construction of a test cultivation complex for vegetable seed development for farmer’s income growth and to promote…
Rwanda, Volkswagen sign MoU to start GenFarm project
August 13, 2023 | Rwanda | Sun News Online
Volkswagen has signed a memorandum of understanding (MoU) with the Government of Rwanda to establish a modern farm with electric tractors. The objective of the GenFarm Project in Rwanda is to make…
US-Kenya announce $55 mn co-investments in apparel sector at roadshow
August 13, 2023 | Kenya | Fiber2Fashion
US Government’s Prosper Africa initiative and the US embassy in Kenya kicked off the 2023 US-Kenya Business Roadshow in New York City, which convened leading businesses and investors along with a…
Rwanda, Seychelles waive visas, ink five pacts to deepen relations
August 13, 2023 | Rwanda | News Times
The bilateral agreements signed aim at fostering cooperation in the field of defense and security, law enforcement, agriculture, health, and tourism. "Building on our strong bilateral ties, we intend…
Djibouti and Rwanda foreign ministers sign cooperation agreements
August 13, 2023 | Rwanda | Plenglish New
The Foreign Ministries of Djibouti and Rwanda signed three agreements to strengthen cooperation in diplomatic training, agriculture and tourism. On the agreements signed, both foreign ministers…
Egypt’s four telecom companies to shift to renewable energy
August 13, 2023 | Egypt | Al Ahram English
The four telecommunications firms operating in Egypt contracted with the state-run New and Renewable Energy Authority (NREA) to purchase electricity sourced from clean and sustainable energy sources.…
Kenyan agri-tech startup iProcure expands to Tanzania
August 12, 2023 | Kenya | Disrupt Africa
Kenya’s iProcure, a leading data-driven agricultural input supply company, has announced its expansion into Tanzania through its partnership with the Farm to Market Alliance (FtMA). Launched in 2013,…
Qatar Authority studying a green hydrogen project in Egypt with investments exceeding $1bn
October 31, 2022 | Egypt | Daily News Egypt
The Qatar Investment Authority — the investment arm of the country — is studying a new investment project in the field of renewable energy in the Suez Canal Economic Zone (SCZone) with investments…
Egypt to grant ‘golden license’ in a bid to boost investment
October 30, 2022 | Egypt | Arab News
Egyptian President Abdel Fattah Al-Sisi has announced granting ‘golden licenses’ to investor applicants in the north African country for a period of three months, in a bid to speed up projects and…
Egypt’s fintech firm Money Fellows raises $31m in series B funding round
October 30, 2022 | Egypt | Arab News
Egyptian fintech company Money Fellows has raised $31 million in a series B funding round led by CommerzVentures, as it aims for geographical expansion. Orginal Article Link:…
Destination Madagascar: One million tourists expected in 2028
October 29, 2022 | Madagascar | Midi Madagasikara
"Towards a new era of tourism investment for national economic growth and the influence of the Madagascar destination". This is the first theme chosen during the National Investment Forum for the…
Kenya’s Safaricom partners with Huawei to launch 5G network
October 28, 2022 | Kenya | Africa Leader
Kenya's mobile service provider Safaricom said that it has partnered with Chinese technology firm Huawei to commercially launch the 5G network in the east African nation. Orginal Article Link:…
Mauritius Freeport reaffirms its position for the second consecutive year as the leading free zone in Africa and IOC
October 28, 2022 | Mauritius | Economic Development Board Mauritius
The Mauritius Freeport has been recognized by the Financial Times' FDI Magazine as the best free zone in Africa and the Indian Ocean Commission region for the second year in a row. It also ranks…
Kenya and Uganda in deal to promote regional tourism
October 28, 2022 | Uganda | Nation
The two countries are banking on regional cities-eased travel requirements to improve the balance of trade by jointly promoting beaches and parks in the regions where citizens of the two countries…
President Museveni commissions Dei Biopharma Pharmaceutical and Vaccine Plant
October 26, 2022 | Uganda | Independent News.co.sz
The President of Uganda Yoweri Kaguta Museveni, commissioned the Dei Biopharma manufacturing facility in Matugga, near Kampala. The pharmaceutical plant will produce high quality yet affordable…
Zambia firms ink large export deals with DRC”
October 25, 2022 | Zambia | Xinhua
ambian firms clinched export deals amounting to 24.50 million U.S. dollars through the just-ended trade mission to Lubumbashi town in the neighboring Democratic Republic of the Congo (DRC), the…
Ooredoo Tunisia invests in a subsea cable system connecting Tunisia to Marseille
October 24, 2022 | Tunisia | Itwire
Ooredoo Tunisia has signed an agreement with global telecommunications service provider PCCW Global to launch a subsea cable system connecting Tunisia to Marseille, thus opening a new gateway to…
Eswatini Railways Engages Stakeholders om Goba Corridor
October 23, 2022 | Egypt | Observer
Eswatini Railways (ESR) has engaged different stakeholders on a workshop on issues concerning the Goba Corridor. This workshop was to expose business people to the opportunities available in using…
Over $20 million from the African Development Bank Group to Develop the Agro-Pastoral Sector for the Youth and Women
October 22, 2022 | Burundi | Development Bank Group
The Board of Directors of the African Development Bank Group has greenlighted the award of a $23.26 million grant to Burundi to implement the Agro-Pastoral Entrepreneurship and Professional…
Kenya to expand trade ties with UAE
October 22, 2022 | Kenya | Zawya.com
"The two nations have agreed to fast-track trade agreements and set up a joint panel to explore investment partnerships in oil and gas, technology transfer, agriculture, healthcare as well as…
More airlines planning flights to Seychelles: Air Astana, Flynas, Airlink and FlySafair
October 21, 2022 | Seychelles | Seychelles News Agency
Seychelles is looking for opportunities to boost its tourism market through an increase in flight connections to other countries. Seychelles' transport minister, Antony Derjacques, said that the…
Electric Vehicle Manufacturer Roam launches its first mass transit bus in Nairobi
October 20, 2022 | Kenya | Africa business Communities
Kenyan-Swedish electric vehicle manufacturer Roam has launched the first mass transit electric bus to ply various routes in Nairobi. The bus, with a capacity of 90 passengers is part of the company’s…
MSE simplifies SMEs entry on market
October 20, 2022 | Malawi | The Nation
Malawi Stock Exchange (MSE) has simplified the Enterprise and Development Growth Exchange (EDGEx), formerly Alternative Capital Market, to ease access for long-term equity financing for small and…
Solv Kenya Launches MSME Marketplace with Kes 10bn Annual Credit Issuance Plan
October 20, 2022 | Kenya | Africa Business Communities
Following a successful rollout to India's 65 million MSMEs through an e-commerce platform since last year, Solv is making its debut in Africa. Solv Kenya’s priority focus is on supply chain financing…
Uganda and “SCCI” boost cooperation and private sector growth
October 20, 2022 | Uganda | Sharjah 24
The Sharjah Chamber of Commerce and Industry (SCCI) held the "UAE-Uganda Business Forum" in honour of a high-level delegation from the Republic of Uganda's visit to the Emirate of Sharjah. At the…
Rwanda to invest $28m to use landfill gas for cooking and lighting
October 19, 2022 | Rwanda | The News Times
Landfill gas utilization will contribute to creation of revenue generation opportunities for stakeholders in the waste management process chain, improved quality of water, soil and local atmosphere,…
Italian Geothermal Union and Geothermal Association of Kenya sign partnership agreement
October 18, 2022 | Kenya | Think Geoenergy
The Italian Geothermal Union (UGI) and the Geothermal Association of Kenya (GAK) have created a partnership to support geothermal development in Kenya. Orginal Article Link:…
Zimbabwe to manufacture lithium batteries
October 16, 2022 | Zimbabwe | Bulawayo 24
Zimbabwe plans to manufacture lithium batteries and has since struck an agreement with a potential investor willing to set up a plant, Lithium is a critical component in lithium-ion batteries that…
China’s Oppein opens first retail outlet in Zimbabwe
October 14, 2022 | Zimbabwe | The Zimbabwe Mail
OPPEIN Group, the world’s number one cabinetry manufacturer, on Wednesday officially opened its first store in Zimbabwe at the Sam Levy Village in Borrowdale, Harare, with plans afoot to expand into…
Google partner Deimos plans Rwanda, Zambia, North Africa expansion
October 13, 2022 | Rwanda | The Africa Report
Google’s biggest cloud partner in Africa Deimos is planning to expand into new African countries including Rwanda and Zambia, Deimos CEO Andrew Mori tells The Africa Report. Rwanda is top agenda with…
Etisalat by e& injects EGP 4-5bn investment to expand capacity of cell towers in Egypt
October 13, 2022 | Egypt | Daily News
Hazem Metwally, CEO of Etisalat by e&, said that the company has a total of 9,000 cell towers across Egypt, after adding about 650 new base stations this year, noting that a capacity expansion is…
Solv Kenya Launches MSME Marketplace with Kes 10bn Annual Credit Issuance Plan
October 12, 2022 | Kenya | Africa Business Communities
Following a successful rollout to India's 65 million MSMEs through an e-commerce platform since last year, Solv is making its debut in Africa. Solv Kenya’s priority focus is on supply chain financing…
Tunisian Post signs partnership agreement with Mastercard
October 12, 2022 | Tunisia | Agence Tunis Afrique Presse
The Tunisian Post and multinational financial services corporation Mastercard signed a partnership agreement aimed at launching innovative digital solutions. Under this agreement, the Post Office and…
Volcanoes Safaris announces 2023 plans to open 5th lodge in Kibale, Uganda
October 12, 2022 | Uganda | Travel Daily News
As we step into a new era of travel, one which prioritizes planetary wellbeing, authenticity and transparency, Volcanoes Safaris, pioneers of gorilla and chimpanzee eco-tourism in Uganda and Rwanda…
Solv Kenya Launches MSME Marketplace with Kes 10bn Annual Credit Issuance Plan
October 12, 2022 | Kenya | Africa Business Communities
Following a successful rollout to India's 65 million MSMEs through an e-commerce platform since last year, Solv is making its debut in Africa. Solv Kenya’s priority focus is on supply chain financing…
Zimbabwe launches irrigation support scheme for smallholder farmers
October 9, 2022 | Zimbabwe | New Zimbabwe
Zimbabwe has launched a 20-million-U.S.-dollar Smallholder Irrigation Infrastructure Development Fund meant to boost rural incomes and ensure food self-sufficiency. The fund, which is expected to…
UAE fund unveils Sh3.5bn investment deal in Kenya
August 27, 2022 | Kenya | Business Daily Africa
The Khalifa Fund for Enterprise Development (KFED), which is backed by the government of the Emirate of Abu Dhabi has announced its first investment in Kenya to the tune of $30 million (Sh3.57…
Djibouti bank acquires Ugandan entity in expansion move
August 27, 2022 | Uganda | News Ghana
Salaam African Bank (SAB) headquartered in Djibouti has acquired Top Finance Bank Limited in Uganda in an expansion move, Uganda’s central bank, Bank of Uganda, said Monday. Bank of Uganda in a…
GV Developments, Amarenco Solarize sign agreement to invest $255m in Tarboul City’s infrastructure
August 26, 2022 | Egypt | Daily News Egypt
GV Developments — the master developer of Tarboul City — announced that it signed an agreement with Amarenco Solarize Egypt, whereby the French giant will invest an initial amount of $255m in…
Malawi launches Agribusiness Deal Room
August 25, 2022 | Malawi | Agra Online Platform
Stakeholders in Malawi’s agriculture sector, including government representatives and private players, on Wednesday August 3, 2022 gathered in the country’s capital, Lilongwe, to launch the Malawi…
Emirates announces third daily flight to Mauritius
August 25, 2022 | Mauritius | Arab News
Emirates has announced plans to add a third-daily flight to Mauritius starting Oct. 1, 2022, a statement on state-run news agency WAM said. The plans to increase the frequency of flights to…
German Manufacturer Stihl Group Picks Kenya As East African Hub
August 23, 2022 | Kenya | Capital FM – Kenya
German outdoor power tools manufacturer The Stihl Group is set to establish its East African hub in Kenya. The subsidiary dubbed Stihl East Africa will be servicing clients in Kenya, Uganda,…
Urbnlanes Developments invests EGP 11bn in Egypt’s real estate market
August 22, 2022 | Egypt | Daily News Egypt
Urbnlanes Developments — a real estate development company under the Kuwaiti Emeel Abdallah Investments — intends to expand in the Egyptian market by directing investments of EGP 11bn into three real…
Kenya’s iProcure closes $10.2m Series B to digitize rural supply chains in Kenya and beyond
August 19, 2022 | Kenya | Ag Funder Network partners
Kenya’s iProcure, a startup offering agricultural inputs and digital supply chain solutions in rural Africa, has announced the closure of its $10.2 million Series B round. The investment was in…
Egypt signs $500m Suez Canal deal with Maersk, discusses $800m port investment
August 19, 2022 | Egypt | Global Construction Review
The Suez Canal Authority has signed a deal worth $500m with Danish shipping company Maersk to build a berth at East Port Said, business news site Zawya reports. The project will add a 1km-long dock…
UK’s TuNur to invest $1.5 bln in a solar power plant in Tunisia -agency
August 16, 2022 | Tunisia | UK Investing Agency
UK's renewable energy developer TuNur plans to invest $1.5 billion in building an export-oriented solar power plant in Tunisia with a capacity of 500 megawatts, Tunisian state news agency TAP said on…
Nokia International, Etisal sign agreement to manufacture Nokia phones in Egypt
August 14, 2022 | Egypt | Zawya
Minister of Communications and Information Technology Amr Talaat witnessed the signing of a cooperation agreement between HMD International — the owner of Nokia — and Etisal for Advanced Industries…
Danube Home set to open its first showroom in Mauritius
August 14, 2022 | Mauritius | Khaleej Times – Online portal
Danube Home International, the global franchise division of interior décor and home improvement division of Danube Group, on Thursday signed a master franchise agreement with Hyvec Group, a major…
ITIDA, Valeo sign MoU to increase software exports from Egypt
August 13, 2022 | Egypt | Daily News Egypt
Minister of Communications and Information Technology Amr Talaat witnessed the signing of a memorandum of understanding (MoU) between the Information Technology Industry Development Agency (ITIDA)…
Tanzania, Zambia agree to upgrade Tazara to SGR level
August 13, 2022 | Zambia | The Citizen
Tanzania and Zambia yesterday resolved to revamp the railway line that connects the two countries as part of their measures to improve bilateral ties. – the bi-national railway linking the Southern…
Tunisia, Algeria sign agreement to develop tourism in both countries
August 12, 2022 | Tunisia | Zawya
Tunisia and Algeria signed an agreement to develop bilateral cooperation in tourism, at the end of the 5th session of the Tunisian-Algerian sectoral tourism commission held Wednesday in Tunis. The…
Kenyan insurtech Lami raises $3.7M seed extension led by Harlem Capital
August 11, 2022 | Kenya | Tech church
Right from the launch of its first product in 2020, Kenyan insurtech Lami Technologies set out to increase insurance penetration in Kenya and the rest of Africa. It began on this path by building and…
Kenya commences shipment of fresh avocados to Chinese market
August 10, 2022 | Kenya | English News Kenya
The first batch of fresh avocados grown in Kenya and destined for the Chinese market was flagged off Tuesday at a ceremony attended by senior government officials, diplomats, and industry……
Kenya Power to set up electric car charging hubs September
August 4, 2022 | Kenya | Business Daily Africa
Kenya Power will, from next month, start constructing electric charging systems for homes, businesses and the public across the country as the shift to clean transport gathers momentum. The…
Egypt’s Infinity to become Africa’s largest renewable energy company
July 24, 2022 | Egypt | The National News
Egypt’s Infinity Group will become Africa’s largest renewable energy company when it, along with Africa Finance Corporation, acquires Lekela Power in an undisclosed deal that is expected to close…
Zimbabwe President Emmerson Mnangagwa launches US$500mln Zim Cyber City by UAE investor Mulk Int’l
July 22, 2022 | Zimbabwe | Zawya
UAE’s Mulk International breaks ground to develop the 2.5 million square feet Zimbabwe Cyber City that will be a game-changer for the African country as it seeks to develop its economy with foreign…
Italian Firm Eni Commences Production Of First Kenyan Vegetable Oil
July 22, 2022 | Kenya | Capital Business
Italian multinational oil and gas company, Eni has commenced production of the first Kenyan vegetable oil for bio-refineries at its oilseed collection and pressing plant in Makueni. The agrihub will…
Kenyan construction tech startup Jumba raises $1m pre-seed round
July 21, 2022 | Kenya | Disturb Africa
Kenya’s Jumba, a tech startup working to rationalise the construction supply chain in Africa, has raised a US$1 million pre-seed funding round to build a digital business-to-business platform for the…
IFC to invest 35 mln USD in Zambia’s largest agri-business firm
July 21, 2022 | Zambia | The Star.com
The International Finance Corporation (IFC), a financing arm of the World Bank, will invest 35 million U.S. dollars for boosting food production and processing capacities in Zambeef Products Plc,…
In Nairobi, two TotalEnergies stations will collect electronic waste
July 20, 2022 | Kenya | Afrik 21
With Kenya generating 3,000 tonnes of electronic waste every year, TotalEnergies' Ngong Road and Gigiri service stations will collect used appliances from households in the capital Nairobi. The…
Democratic Republic of Congo Becomes the 7th Member of EAC
July 20, 2022 | DR Congo | Modern Diplomacy
After several negotiations, Democratic Republic of Congo (DRC) has finally become a full-fledged member of the East African Community. The EAC was established in 1967, as an inter-governmental…
Egypt and UK ministers launch new association council in London
July 19, 2022 | Egypt | The National News
The UK’s Foreign Secretary Liz Truss and her Egyptian counterpart have signed a joint statement of intent to reform renewable energy regulations at the launch in London of a new platform to develop…
Malawi: Illovo registers K9.2bn profit
July 19, 2022 | Malawi | Malawi 24
Illovo Sugar Malawi Plc has registered a K9.2 billion net profit after tax in the first half of 2022, representing a 51 percent profit increase. This is according to the company’s Managing Director…
Kenya, Seychelles sign ten cooperation agreements
July 18, 2022 | Kenya | CGTN
Kenya and Seychelles on Monday signed ten cooperation agreements following high-level talks led by Kenyan President Uhuru Kenyatta and his Seychellois counterpart Wavel Ramkalawan in Victoria. The…
Egypt, Brazil To Boost Trade In Textile And Other Sectors
July 18, 2022 | Egypt | Fiber2Fashion
Egypt is actively engaged with Brazil to boost biliteral trade in various sectors including textiles. The free trade agreement (FTA) between Egypt and the Mercosur countries (Argentina, Brazil,…
70 locally produced electric buses to run in Cairo from October
July 17, 2022 | Egypt | Afrik 21
As part of its climate policy, the Egyptian government will put 70 electric buses on the road in the governorate of Cairo. These locally manufactured vehicles will serve the population while…
MoU signed to strengthen collaboration between Somalia and Rwanda
July 15, 2022 | Somalia | CNBC Africa
The last three decades have been particularly difficult for Somalia. Since the 2012 establishment of the Federal Government of Somalia, a number of structural reforms have been put in place to boost…
Kinshasa enters shipping business, set to rock EA boats
May 22, 2022 | DR Congo | The East African
A vessel docks at the port of Dar es Salaam. The DR Congo says it has obtained yard spaces in Mombasa and Dar es Salaam to roll out offices for its new shipping line, The Lignes Maritimes…
Djibouti becomes 10th member of Digital Cooperation Organization
May 20, 2022 | Djibouti | Arab News
Saudi initiative aims to promote social prosperity through more inclusive participation and growth across the digital economy RIYADH: Djibouti has officially joined the membership of the Digital…
TIA develops 39-measure roadmap to boost investment
May 20, 2022 | Tunisia | Tap Info – Tunisia
(TAP) - The Tunisian Investment Authority (TIA) has developed a roadmap 39 measures based on a consultation between the public and private sectors to boost investment in Tunisia. This roadmap will be…
Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets
May 19, 2022 | Kenya | Tech-church
Victory Farms, an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. The investment was led by Ed Brakeman,…
World’s longest subsea cable lands in Djibouti, East Africa
May 18, 2022 | Djibouti | Data Center Dynamics
Meta's 2Africa subsea cable has landed in Djibouti City, Djibouti. Djibouti Telecom announced on 13 May that the country’s 9th subsea cable, which is 45,000 km long, had landed in the capital. At…
Kenyan Software Startup Bamba Secures $3.2M Seed Funding
May 18, 2022 | Kenya | Pyment.com
Enterprise software startup Bamba secured $3.2 million in a seed funding round led by 468 Capital with participation from Presight Ventures, Jigsaw VC and angel investors Mato Peric, Leonard…
Egypt’s Instabug raises $46m Series B to build expand product capabilities
May 18, 2022 | Egypt | Disturb Africa
Egyptian startup Instabug, a mobile monitoring, crash and bug reporting solution for mobile teams, has raised US$46 million in Series B funding to add to its product and build what it says will be…
Egyptian IT firm Benya to establish investment arm in Saudi Arabia next month
May 17, 2022 | Egypt | Arab News
RIYADH: Egyptian Information and communications technology provider Benya Group is planning to establish an investment arm in Saudi Arabia by the end of this year, according to a report published in…
Egypt Investing $40Bn To Green Hydrogen Projects
May 17, 2022 | Egypt | Rigzone.com
Egypt’s pipeline for green hydrogen projects stands at 11.62 gigawatts (GW), equivalent to over 1.57 million tons of green hydrogen, ranking the country in the top three green hydrogen pipelines…
Rwandan startup listed among World Economic Forum’s Technology Pioneers of 2022
May 17, 2022 | Rwanda | The News Times
The World Economic Forum (WEF) has unveiled a list of 100 innovative tech startups for its 2022 Technology Pioneers cohort which include a Rwandan firm, Ampersand. According to WEF, the Technology…
Orange to complete first phase of NAC data centre next month
May 16, 2022 | Egypt | Daily News
Hisham Mahran — Chief Enterprise Line Business Officer in Orange Egypt — said in remarks on Sunday that the company will finish implementing the first phase of a data centre in the New Administrative…
Egypt’s SCZONE signs USD 10bn in investment pacts with intl consortia
May 16, 2022 | Egypt | Renewables Now
May 16 (Renewables Now) - The sum of the potential green fuel investments that could be made under pacts signed recently by the Suez Canal Economic Zone (SCZONE) has reached USD 10 billion (EUR…
DRC State-owned shipping line to set base in Mombasa
May 16, 2022 | DR Congo | Business Daily Africa
A shipping line from the Democratic Republic of Congo plans to start its operations from Mombasa beginning June this year. The state-owned shipping line, the Lignes Maritimes Congolaises (LMC) seeks…
Kenya Emerges Top With Most Innovative Companies in Africa
May 16, 2022 | Kenya | Kenyans.co.ke
Kenya has once again shown its prowess in the technology industry after trouncing all its continental peers, proving it has the most competitive environment for start ups. On Tuesday, May 10, the…
Italian company Calzedonia to install two industrial units in Zriba and Sahline
May 15, 2022 | Tunisia | Tap Info – Tunisia
(TAP) - Italian textile and clothing manufacturer Calzedonia plans to invest in Tunisia by launching, initially, two industrial units in the delegations of Zriba (Zaghouan) and Sahline (Monastir)…
Emirates reaffirms partnership with Mauritius
May 13, 2022 | Mauritius | Breaking Travel News
Emirates reaffirms partnership with Mauritius in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline Emirates has reaffirmed its partnership…
Rwanda and Alibaba launch the first Electronic World Trade Platform hub in Africa
May 10, 2022 | Rwanda | Zawya.com
The government of Rwanda and Alibaba have come together to establish the first Electronic World trade Platform hub in Africa. The agreement will strengthen economic development and digital economy of…
World class technology for E260M Lavumisa solar plant
May 10, 2022 | Eswatini | Independent News.co.sz
Mbabane – Eswatini Electricity Company invested E260 million on a well-equipped solar power plant at Lavumisa in the quest to combat the thorny issue of energy insufficiency in Eswatini. The solar…
KCB opens new subsidiary in Rwanda after merger
May 10, 2022 | Rwanda | The East African
KCB Group is banking on its new subsidiary BPR Bank Plc Rwanda to more than double its regional business in the next two years and support economic expansion in the East African country. KCB said…
Trade Ties – Zambia and DRC Sign Cooperation Agreement to Manufacture Electric Batteries
May 9, 2022 | Zambia | United Nations Online Portal
The Cooperation Agreement is expected to provide a framework for bilateral cooperation on the initiative to develop the battery value chain as well as strengthen collaboration between Zambia and……
Foreign investment in Tunisia up 73 pct in first quarter
May 8, 2022 | Tunisia | Alarabiya News
Foreign investments in Tunisia rose by 73 percent in the first three months of 2022 compared to the same period a year earlier, the Foreign Investment Promotion Agency reported, according to…
Zambia and Namibian Govt to sign MOU for gas, oil pipeline construction
May 5, 2022 | Zambia | Lusaka Times
The Zambian and Namibian governments are next month expected to sign a Memorandum of Understanding for the construction of a Gas and Oil pipeline from Windhoek into Lusaka. Energy Minister Peter…
Thai Union to invest another €10m in tuna cannery in Seychelles
May 2, 2022 | Seychelles | Seychelles News Agency
(Seychelles News Agency) - Thai Union is planning to invest another 10 million euros in the Indian Ocean Tuna (IOT) canning factory in Seychelles in the next two years, said a top official of the…
Econet Extends 5g Coverage
May 2, 2022 | Zimbabwe | The Herald Zimbabwe
Econet Wireless Zimbabwe, the country's largest mobile network operator, last week extended its national 5G network to the southern region, by launching the service in Bulawayo. The new network,…
Kenya to host Amazon cloud services hub
April 18, 2022 | Kenya | Standard Media
Amazon Web Services (AWS) has announced plans to set up a hub in Kenya to bolster the American technology giant's grip on the lucrative data hosting market. The AWS Local Zone will join 16 other…
GreenYellow completes the extension of the Ambatolampy solar power plant
April 18, 2022 | Madagascar | Afrik 21
The French company GreenYellow, a subsidiary of the Casino Group, has announced the completion of the extension of the Ambatolampy solar power plant. This installation is the result of a partnership…
Zambia starts mass export of avocados to Europe
April 16, 2022 | Zambia | Xinhua
Zambia has started the mass export of avocados to Europe with the first consignment of over 37 tons, a senior government official said Friday. The commencement of export came after the southern…
Zambia, Angola strengthens bilateral ties
April 15, 2022 | Zambia | Lusaka Times
Zambia and Angola have signed an addendum to operationalise the Bilateral Trade Agreement that was signed in 2016. The Agreement will see an enhancement of trade and economic relations between the…
Egypt infrastructure startup Pylon raises $19m seed round
April 15, 2022 | Egypt | Arab News
Egypt-based water and electricity infrastructure management startup, Pylon, has raised a $19 million seed round, in a mix of equity and debt led by investment firm, Endure Capital. Pylon uses smart…
New plant to treat wastewater in Kakamega County
April 13, 2022 | Kenya | Afrik 21
A new sanitation project is starting in Kakamega County, Kenya. It involves the construction of a wastewater treatment plant in the town of Mumias at a total cost of 17.2 million Kenyan shillings…
Zambia will start exporting an additional 80 MW of electricity to Namibia
April 13, 2022 | Zambia | Xinhua
Zambia will start exporting an additional 80 MW of electricity to Namibia following an agreement signed by the utility companies of the two countries on Tuesday in Lusaka Zambia's Zesco Limited and…
FIPA and Promos Italia ink agreement to boost Italian investments in Tunisia
April 12, 2022 | Tunisia | Tap Info
(TAP)-The Investment in Tunisia (FIPA-Tunisia) and Promos Italia on Monday in Milan, inked a memorandum of understanding to boost the Italian companies' investments in Tunisia, the agency said on…
The Italian company Vitalfarco intends to set up shortly a manufacturing plant for hairdressing products in Ben Arous
April 12, 2022 | Tunisia | Tap Info
It will launch its activities during this year, announced its owner Luca Messinese, according to an Invest in Tunisia (FIPA-Tunisia) press release issued Tuesday. Receiving on Monday FIPA Director…
Egypt’s Paymob to Start Pakistan Operation to Tap Growing Market
April 12, 2022 | Egypt | Bloomberg
Egypt’s digital payments provider Paymob plans to start its operations in Pakistan this month, taking advantage of a market that has seen a funding frenzy in its startups. The Cairo-based company,…
IFC to invest $15 mln to support start-up ecosystem in Egypt
April 11, 2022 | Egypt | Ahram Online
The International Finance Corporation (IFC) — a World Bank Group member — is set to invest $15 million in the second fund from venture capital firm Algebra Ventures with the aim of supporting tech…
$350 million in funding for farmers’ climate resilience
April 8, 2022 | Rwanda | Afrik 21
The government of Rwanda has announced the release of $350 million to support farmers' resilience to climate change. The funding will be used to purchase modern crop irrigation technologies. The $350…
52 ZAMBIAN BUSINESSES IN DRC FOR TRADE:
October 20, 2021 | DR Congo | Zambia Reports
The first cohort of over 52 representatives of Zambian companies has arrived in the Democratic Republic of Congo (DRC) ready to talk business with their Congolese business counterparts. The…
Frazium Energy inks deal for 100-MW solar park in Eswatini
October 20, 2021 | Eswatini | Renewables Now
Australian renewable power producer Frazium Energy has inked a deal with the government of Eswatini, also known as Swaziland, to build a 100-MW solar park in the South African Kingdom. The…
Kenyan fintech Asante announces $7.5m Series A funding for pan-African expansion
October 20, 2021 | Kenya | Disturb Africa
Kenya-based fintech startup Asante has announced a US$7.5 million Series A investment to help its credit offerings to a host of African countries. Asante has developed a digital lending platform that…
Egypt’s ILLA raises $2M to diversify its offerings to FMCG value chain:
October 19, 2021 | Egypt | Tech Church
Most FMCG brands rely on a combination of owned and outsourced assets to carry out delivery operations. The variety of both models brings about a fragmented logistics cycle and FMCGs can lose…
Indian car rental platform Zoomcar to invest $25mln in Egypt:
October 19, 2021 | Egypt | Zawya
Zoomcar, the largest car-sharing marketplace covering emerging markets and dominating the self-drive car rental market in India, announced the launch of its operations in Egypt as part of its plan to…
Rwanda, Luxembourg pact to boost financial centre ambitions
October 19, 2021 | Rwanda | The News Times
Kigali International Financial Centre development ambitions received a boost this week as Rwanda and Luxembourg signed a bilateral cooperation agreement with the aim to support Rwanda in further…
Egypt signs deal with Nokia to build IoT infrastructure
October 18, 2021 | Egypt | Arab News
Egyptian Minister of Communications and IT Amr Talaat oversaw the signing of a deal between Telecom Egypt and Nokia International to build Internet of Things infrastructure in the country. The…
Caltex Starts Manufacturing Local Lubricants In Kenya:
October 17, 2021 | Kenya | Capital Business
FAL Manufacturing Limited (AML), which is owned by Tristar Group, has officially launched the local manufacturing of Caltex lubricants in East Africa a month after signing a license agreement with…
Uganda coffee in hot demand as exports climb to 30-year high
October 17, 2021 | Uganda | Fin24
Demand for Ugandan coffee in Italy, where espresso lovers abound, has helped increase the East African nation’s exports of the beans to the highest in at least 30 years. In August, Uganda overtook…
Uganda ranked top in East Africa for openness to foreign investment
October 17, 2021 | Uganda | New Vision
Uganda has been ranked top in East Africa and fifth in Africa for openness to foreign investment by Absa’s 2021 Financial Markets Index. Absa Group Limited is listed on the Johannesburg Stock…
Djibouti to get new data center and cable landing stations:
October 15, 2021 | Djibouti | Data Center Dynamics
Djibouti is due to get two new cable landing stations and a data center. Djibouti Telecom this week said it had broken ground on a new Cable Landing Station in Djibouti City. The CLS will consist of…
Malawi: A factory in Mzimba Turns Wood Waste into Cooking Briquettes
August 30, 2021 | Malawi | Afrik 21
Malawi's Minister of Forestry and Natural Resources, Nancy Tembo, is inaugurating a new plant in the Mzimba district of Malawi. The facility built by Raiply Malawi converts wood waste into briquettes…
Egyptian Startup Swvl to Enter Europe’s Market via Shotl Acquisition
August 19, 2021 | Egypt | Egyptian Streets
Egypt-founded transportation startup has agreed to buy Spain-based Shotl, an on-demand shuttle-booking platform, according to Reuters. Spain-based Shotl would serve as Swvl’s HQ in Europe, which…
Hyundai Opens New Dream Centre in Kenya
August 15, 2021 | Kenya | Oman Observer
Hyundai Motor opened its newest Hyundai Dream Centre — an automotive training and educational facility — in Kenya. The new Dream Centre is the seventh global institute established by Hyundai Motor,…
Uganda to Construct 25 Industrial Parks Across the Country
August 14, 2021 | Uganda | Construction Review
25 Industrial parks are set to be constructed across Uganda. This follows a partnership agreement inked between Uganda Investment Authority (UIA) and Uganda Peoples Defence Forces (UPDF) over the…
Rwanda Signs International Convention on Tax Matters
August 13, 2021 | Rwanda | The News Times
Rwanda this week became a signatory to the Convention on Mutual Administrative Assistance in Tax Matters (MAAC). The treaty is a commitment by Rwanda to comply with international standards from the…
DRC: Clean-Seas to Generate Electricity From Plastic Waste via Pyrolysis
August 5, 2021 | DR Congo | Afrik 21
Clean-Seas, a provider of waste management technology solutions, have been selected to build a waste-to-energy plastics plant using pyrolysis technology in Kinshasa, the capital of the Democratic…
Siemens Gamesa Installs First Turbine in Djibouti
August 2, 2021 | Djibouti | RENEWS.BIZ
Siemens Gamesa has installed its first ever turbine in the African country of Djibouti at the 59MW Goubet wind farm. Goubet, which is located on 395 hectares in the Arta region close to Lake Assal,…
Mango House Seychelles Becomes Hilton’s 4th Island Property – 2 More On the Way
August 1, 2021 | Seychelles | Global News Lead
Mango Home Seychelles is the fourth tourism institution to open in Seychelles below the Hilton lodge and resort world model, whereas the development of two extra have began, stated a lodge official.…