NEWS
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…
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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.…
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