NEWS

Kenya to host Amazon cloud services hub

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…

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GreenYellow completes the extension of the Ambatolampy solar power plant

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…

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Zambia starts mass export of avocados to Europe

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…

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Zambia, Angola strengthens bilateral ties

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…

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Egypt infrastructure startup Pylon raises $19m seed round

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…

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New plant to treat wastewater in Kakamega County

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…

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Zambia will start exporting an additional 80 MW of electricity to Namibia

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…

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FIPA and Promos Italia ink agreement to boost Italian investments in Tunisia

(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…

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The Italian company Vitalfarco intends to set up shortly a manufacturing plant for hairdressing products in Ben Arous

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…

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Egypt’s Paymob to Start Pakistan Operation to Tap Growing Market

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,…

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NEWS

Kenya to host Amazon cloud services hub

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…

Read More


GreenYellow completes the extension of the Ambatolampy solar power plant

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…

Read More


Zambia starts mass export of avocados to Europe

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…

Read More


Zambia, Angola strengthens bilateral ties

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…

Read More


Egypt infrastructure startup Pylon raises $19m seed round

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…

Read More


New plant to treat wastewater in Kakamega County

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…

Read More


Zambia will start exporting an additional 80 MW of electricity to Namibia

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…

Read More


FIPA and Promos Italia ink agreement to boost Italian investments in Tunisia

(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…

Read More


The Italian company Vitalfarco intends to set up shortly a manufacturing plant for hairdressing products in Ben Arous

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…

Read More


Egypt’s Paymob to Start Pakistan Operation to Tap Growing Market

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,…

Read More


IFC to invest $15 mln to support start-up ecosystem in Egypt

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…

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$350 million in funding for farmers’ climate resilience

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…

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52 ZAMBIAN BUSINESSES IN DRC FOR TRADE:

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…

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Frazium Energy inks deal for 100-MW solar park in Eswatini

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…

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Kenyan fintech Asante announces $7.5m Series A funding for pan-African expansion

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…

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Egypt’s ILLA raises $2M to diversify its offerings to FMCG value chain:

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…

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Indian car rental platform Zoomcar to invest $25mln in Egypt:

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…

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Rwanda, Luxembourg pact to boost financial centre ambitions

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…

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Egypt signs deal with Nokia to build IoT infrastructure

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…

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Caltex Starts Manufacturing Local Lubricants In Kenya:

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…

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Uganda coffee in hot demand as exports climb to 30-year high

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…

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Uganda ranked top in East Africa for openness to foreign investment

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…

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Djibouti to get new data center and cable landing stations:

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…

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Malawi: A factory in Mzimba Turns Wood Waste into Cooking Briquettes

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…

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Egyptian Startup Swvl to Enter Europe’s Market via Shotl Acquisition

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…

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Hyundai Opens New Dream Centre in Kenya

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,…

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Uganda to Construct 25 Industrial Parks Across the Country

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…

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Rwanda Signs International Convention on Tax Matters

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…

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DRC: Clean-Seas to Generate Electricity From Plastic Waste via Pyrolysis

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…

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Siemens Gamesa Installs First Turbine in Djibouti

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,…

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Mango House Seychelles Becomes Hilton’s 4th Island Property – 2 More On the Way

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.…

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