Africa

Visa openness in Africa unlocking intra-regional trade and investments potential, report shows

November 12, 2019

AFRICA – African travellers now have liberal access to over half the continent, the 2019 Africa Visa Openness Index published by the African Union Commission and African Development Bank, reveals. The report was launched on the sidelines of the Africa Investment Forum in Johannesburg, South Africa. On average, Africans can travel to approximately 27 countries […]

Read More

Ogilvy Africa appoints Vikas Mehta as new chief executive for Sub Saharan region

November 12, 2019

AFRICA – Ogilvy Africa, a public relations agency, has named Vikas Mehta as new chief executive for Sub Saharan region, replacing Mathieu Plassard who is taking up a similar post in South Africa. Until his appointment, Vikas was the CEO of Mullen Lintas, in India. He will take on this new role in December Bharat […]

Read More

UNEP to collaborate with Trade and Development Bank on climate finance

November 11, 2019

AFRICA – In a pledge to continue stepping-up its commitment to climate change mitigation and adaptation action, the Eastern and Southern African Trade and Development Bank (TDB) signed a Memorandum of Understanding with the UN Environment Programme. According to a statement issued by UNEP, the MOU effectively establishes a framework of cooperation through which the […]

Read More

DFC CEO Adam Boehler tours Sub-Saharan Africa to bolster investments

November 11, 2019

AFRICA – Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), will travel to South Africa and Ethiopia from November 11-14. According to a statement issued by U.S. department of state, His visit is for promoting the U.S. investment in sub-Saharan Africa and strengthen relationships with key regional partners in support […]

Read More

Africa Development Bank converts its sustainable energy fund to concessional loan to amplify impact on green energy

November 7, 2019

AFRICA – The African Development Bank’s Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund Sustainable Energy for Africa (SEFA) into a “special fund”. The multilateral finance institution said in a statement that the conversion will amplify SEFA’s development impact by allowing it to access a wider range of financial instruments […]

Read More

Wefarm secures US$13m to expand and diversify its smallholder agricultural ecosystem

November 7, 2019

AFRICA – Wefarm, the digital network for global small-scale agriculture, has announced that it has raised $13 million in a Series A financing round led by Silicon Valley venture capital firm True Ventures. Jon Callaghan, co-founder of True Ventures while commenting on his company’s investment in Wefarm said, “We are enormously inspired by how Kenny […]

Read More

AfDB Board approved US$115 billion capital injection to stabilize its AAA rating

November 4, 2019

AFRICA – The board of the African Development Bank (AfDB) have approved US$115 billion capital injection that will see the pan-African lender capital base jump from US$93 billion to US$208 billion, the largest in the lender’s history. The President of the AFDB, Akinwunmi Adesina, revealed this in a press conference after in which he spoke […]

Read More

Africa Media Fund set to invest US$99.3m in media assets across the continent

November 4, 2019

AFRICA – The Africa Media Fund, launched in Sandton, Johannesburg, promises to take African media into the Fourth Industrial Revolution and market it to the world. Spearheaded by diplomat, entrepreneur and social activist Dr Khumoetsile Moetse, the AMF is set to invest US$99.3m in large-scale infrastructure in media assets on the African continent. It has […]

Read More

Workonline Communications launches Remote Cloud Connect services in Africa

November 1, 2019

AFRICA – Global network service provider, Workonline Communications, has launched Remote Cloud Connect, facilitating access to cloud services for Workonline customers over a dedicated Ethernet Virtual Private Line (EVPL) service. This low latency cloud solution enables customers to connect to leading cloud services such as AWS Direct Connect, Microsoft Azure Express Route, Google Cloud, Oracle […]

Read More

Seedstars World partners with African Development Bank to propel youth start-ups

November 1, 2019

AFRICA – Seedstars World, a Swiss-based start-up competition in emerging markets, and the African Development Bank announced a strategic partnership to implement its innovative ‘job creation track’ model to support youth employment and entrepreneurship in Africa. The partnership is in line with the Bank’s entrepreneurship and innovation lab under its Jobs for Youth in Africa […]

Read More