Companies – Page 3 – Africa Guardian

Global Retail Banking Innovation Awards 2021: Bank One Elite Banking awarded “Best Mass Affluent Banking Offering” for its Cross-border Services

December 6, 2021

The “Best Mass Affluent Banking Offering” title recognises the efforts of Bank One in serving mass affluent customers PORT LOUIS, Mauritius, Bank One (www.BankOne.mu) announced that it won the Best Mass Affluent Banking Offering award in the Service Innovations category at the Global Retail Banking Innovation Awards 2021 (GRB21) organised by the Digital Banker. Every year, The Digital Banker…

Canon celebrates 10 years of Cinema EOS

December 6, 2021

Canon broke new ground with the launch of the Cinema EOS System bringing to market its first Full HD digital cinema camera and dedicated camera lenses DUBAI, United Arab Emirates, Canon (www.Canon-CNA.com) celebrates the 10th anniversary of its renowned Cinema EOS line-up, praised by filmmakers including Jimmy Chin, Director and Producer of the Academy Award winning documentary Free Solo, the…

African Business and Political Leaders Start Dialogue to Launch the African Green Initiative at AEW 2022

December 6, 2021

| Current Affairs, Energy

The African Green Dialogue, led by the private sector, will promote discussions around green energy in Africa, marking a significant step in the journey towards the continent’s energy transition JOHANNESBURG, South Africa, As a platform for an inclusive discussion on Africa’s green energy sector, the African Green Initiative, which is being launched during an African Green Summit at African…

MFA Nasser Bourita: Morocco was Able to Turn Challenges of Pandemic into Opportunities

December 5, 2021

The Minister also recalled the inauguration of the African Migration Observatory in Rabat in December 2020 RABAT, Morocco, Morocco has distinguished itself by turning the challenges of the Covid-19 crisis into opportunities, via the launch of a comprehensive program of transformative reforms, said Saturday, December 4th, in Rome, the Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, MFA…

Southern Africa Set for Economic Rebound, but Impact of Covid-19 Lingers

December 4, 2021

| Current Affairs, Financials

Southern Africa is projected to grow 3.2% in 2021 and 2.4% in 2022, according to the Bank’s Southern Africa Economic Outlook PRETORIA, South Africa, Southern Africa is set for an economic rebound in 2021 and 2022, provided the Covid-19 pandemic tapers off, according to a report published by the African Development Bank (www.AfDB.org). Like elsewhere on the continent, the…

Sweden and UN Agencies launch multi-year project to strengthen food and nutrition security in Mali

December 3, 2021

| Agriculture, Health

The project will help improve the food and nutritional security of 144,800 people, particularly women and children BAMAKO, Mali, The Government of Sweden, the Food and Agriculture Organization of the United Nations (FAO), the United Nations Children’s Fund (UNICEF), and the World Food Programme (WFP) have signed a four-year programme to strengthen the resilience of vulnerable communities affected by…

BP Senegal Confirms Participation at MSGBC Oil, Gas & Power 2021

December 3, 2021

Members of the BP delegation will provide a project update on the Greater Tortue Ahmeyim (GTA) offshore natural gas field DAKAR, Senegal, Energy, Capital & Power (ECP) (www.EnergyCapitalPower.com) is pleased to announce that a delegation from lead sponsor BP – comprising Massaer Cisse, Vice President and Country Manager, Senegal; Mohamed Limam Vice President, Head of Country Mauritania; and Rebecca…

Malabo Montpellier Panel unveils practical guide to accelerate progress towards creating sustainable and resilient food systems

December 3, 2021

| Agriculture, Health

The virtual Forum unveiled Recipes for success: policy innovations to transform Africa’s food systems and build resilience KIGALI, Rwanda, The Malabo Montpellier Panel at AKADEMIYA2063 (www.AKADEMIYA2063.org) recently concluded the 9th edition of the biannual Malabo Montpellier Forum (https://bit.ly/3rykPXW) to offer a roadmap of policy innovations for food systems transformation, building resilience and adapting to climate change. The 9th Meeting of the Malabo…

African Economic Conference: Development community calls for universal vaccine access to mitigate impact of Omicron, other Covid-19 variants

December 3, 2021

The World Health Organization categorized Omicron as a Covid-19 “variant of concern”, signifying that it could be more contagious than other known mutations SAL, Cape Verde, Cabo Verde President José Maria Neves on Thursday joined the development community in calling for urgent universal vaccine access as a way to mitigate the impact of Omicron and other variants of the…

African Economic Conference: Development community calls for universal vaccine access to mitigate impact of Omicron, other Covid-19 variants

December 3, 2021

| Current Affairs, Health

In a video message, Amina Mohammed, UN Deputy Secretary General, stated that vaccine inequality could cost African countries billions of dollars SAL, Cape Verde, Cabo Verde President José Maria Neves on Thursday joined the development community in calling for urgent universal vaccine access as a way to mitigate the impact of Omicron and other variants of the Covid-19 virus….

DLA Piper report shows trends in Africa’s energy transition

December 3, 2021

Significant differences also exist between countries in energy supply diversity and power systems which is resulting in inconsistent development across the continent JOHANNESBURG, South Africa, Africa has released the Africa Energy Futures: Horizon 2030 report. Comprised of 21 country chapters, the report is an in-depth look at where the continent stands in regards to the energy transition, as well…

CEMAC Business Energy Forum organized by PRO MEET UP AND LEARN and ML Consulting Fosters Energy Discussions to Uplift the Region

December 2, 2021

| Business, Energy, Finance

Ministerial representatives from the CEMAC sub-region gathered in Congo-Brazzaville on 29-30 November to participate in the CEMAC Business Energy Forum, discussing the region’s development and inter-regional cooperation BRAZZAVILLE, Congo (Republic of the), The CEMAC Business Energy Forum, organized by Pro Meet Up and Learn and ML Consulting, which took place in Congo-Brazzaville on 29-30 November, concluded with interactive reflections…

Siemens Gamesa delivers 250 MW of clean wind energy to Egypt

December 2, 2021

| Energy, Technology

First renewable energy project in Egypt to be energized through a 220kV Gas Insulated Substation developed by Siemens Energy CAIRO, Egypt, Erection and commissioning of 96 SG 2.6-114 wind turbines in less than 10 months; Long term maintenance provided through a 15-year service agreement; Generation of 1,000 GWh per year increasing Egypt’s installed wind energy capacity by 18%; First…

Strengthening Management of Childhood Cancer in Zimbabwe

December 1, 2021

The move is expected to improve the landscape of cancer management for children in Zimbabwe BULAWAYO, Zimbabwe, – Zimbabwe is making great strides in strengthening cancer management as part of the country’s efforts to make Non-Communicable Diseases (NCDs) services more accessible. With the growing number of NCDs and the impact COVID-19 has had on people with cancer and other…

Minister Thoko Didiza announces second phase of implementation of Presidential Employment Stimulus Initiative for subsistence producers

December 1, 2021

| Financials, Politics

Subsistence producers must note that the type and quantities of support provided will be limited to the commodity applied for, and the size of the current operation physically verified on site PRETORIA, South Africa, The Minister of Agriculture, Land Reform and Rural Development, Ms Thoko Didiza (MP), is pleased to announce the opening on the application process of the…

Minister Gwede Mantashe announces adjustment of fuel prices effective from 1 December 2021

November 30, 2021

| Current Affairs, Financials

South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors PRETORIA, South Africa, The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, announces the adjustment of fuel prices based on current local and international factors with effect from the 1st of December 2021. South Africa’s fuel prices are adjusted on a…

Training Academy for Early Warning Experts from IGAD, SADC and Member States Concludes

November 30, 2021

| Current Affairs, Financials

This training academy will contribute to the capacity building for advancing disaster risk reduction agenda in Africa GENEVA, Switzerland, From 22-25 November 2021, a four-day Training Academy on disaster risk reduction and early warning systems took place. Experts responsible for disaster risk management and meteorological/hydrological services from the Intergovernmental Authority on Development (IGAD), IGAD Member States, Southern Africa Development Community…

TECNO, Samsung Electronics and DXOMARK Forecast Mobile Camera Trends 2022 at A Counterpoint Webinar

November 30, 2021

| Business, Tech

Speakers Tarun Pathak, Hervé Macudzinski, Pan Xuebao, and Jimmy Hsu shared their insights on camera innovation, market trends, and the latest developments in imaging technology HONG KONG, During a webinar entitled “Global Mobile Camera Trends 2022: Innovation Talk”, experts in the field of optical imaging technology along with leading industry research analysts discussed how camera systems are evolving, and…

USAID Boosts Support to Zimbabwe through Resilience-building

November 29, 2021

| Financials, Health

Urban populations will benefit from the contribution through WFP’s Urban Resilience Building Programme which aims to reach up to 180,000 households across 19 urban domains HARARE, Zimbabwe, The United Nations World Food Programme (WFP) welcomes a US$5.7 million contribution from the United States Agency for International Development (USAID) to support people experiencing vulnerability to food insecurity across urban and…

South Africa, Kenya and Nigeria see a decrease of ordinary threats, yet experience a massive increase of targeted malware schemes

November 25, 2021

The reason for such a change was the introduction and popularisation of new cybercrime models in the region, with cybercrime tools becoming more targeted NAIROBI, Kenya, — According to Kaspersky’s (https://Kaspersky.co.za/) latest research on the threat landscape trends, South Africa, Kenya and Nigeria are facing a dramatic change in the threat landscape. While regular, self-propagating malware is decreasing dramatically,…

One in five children in fragile states risk dropping out of school as Covid takes its toll: Save the Children

November 25, 2021

Although school closures and disruptions have affected all children, the impact has been far greater for children in low-income countries LONDON, United Kingdom,– Millions of children have not returned to school in low-income countries after classrooms were closed by the COVID-19 pandemic, with up to one in five children missing out on an education, a new Save the Children school…

Nokia, UNICEF and Orange Foundation partner to empower young people in Morocco

November 19, 2021

The UPSHIFT program will empower young people to become resilient citizens who engage more actively with their families, schools, everyday life and contribute to the economy RABAT, Morocco, — Nokia , UNICEF and Orange Foundation to empower young people with digital, entrepreneurial and environmental skills, as well as knowledge about climate change as part of UNICEF’s UPSHIFT program in…

November 19, 2021

Under the Arab Africa Trade Bridges (AATB) Program, ITFC, Afreximbank, BADEA and ARSO organized a High-level Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa during IATF 2021 in Durban The week-long event brought together government officials, policy-makers, industry leaders and institutional heads from African countries and other regions to discuss the future of…

Lerato Chiyangwa Celebrates her Proud Moment as a Finalist in the Standard Bank Top Women Awards 2021

November 16, 2021

| Business, Financials

JOHANNESBURG, South Africa/ — APO Group’s (www.APO-opa.com) Senior Account Manager Lerato Chiyangwa is all smiles with her recent accolades received in the annual Standard Bank Top Women Awards 2021 – Africa’s acclaimed business award for women. The Standard Bank Top Women Awards (www.TopBusinessWomen.co.za) recently took place where top tier South African women in business were celebrated and honoured. Thirty-one-year-old Chiyangwa…

Health Ministry signs MoU for Family Planning Commodities

November 15, 2021

The Ministry Health has today signed a Memorandum of Understanding for setting up and implementation of a government of Kenya and Donors Sustainable Financing Mechanism for the Procurement of Family Planning (FP) Commodities, a move that will see access to FP commodities valued at 2.5 billion shillings. Speaking during the signing ceremony in Nairobi, Health principal Secretary, Susan Mochache…

South Sudan: Building the Nation Through the Energy Industry

November 14, 2021

| Business, Energy

By introducing multi-sector opportunities within South Sudan, international and regional investors engaged in an inclusive panel discussion surrounding advancements in the country’s oil, gas, and power industries at African Energy Week 2021, held at the V&A Waterfront in Cape Town CAPE TOWN, South Africa– The final day of African Energy Week 2021’s conference and exhibition featured a spotlight on South…

EAC to benefit from USAID new food security strategy

October 22, 2021

| Business, Health, Home Slide Show, Top News

USAID ANNOUNCES NEW U.S. GOVERNMENT GLOBAL FOOD SECURITY STRATEGY Administrator Samantha Power has announced the updated and enhanced U.S. government Global Food Security Strategy (GFSS), at an event hosted by the White House and joined by Secretary of Agriculture Tom Vilsack. Administrator Power announced that the updated GFSS aims to contribute to reducing poverty and child stunting by 20…

Nigeria: African Development Bank Group, MTN sign $500,000 grant agreement to study women’s access to financial services

October 21, 2021

| Financials, Home Slide Show, Top News

20-Oct-2021 The African Development Bank has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into economic, religious, and social factors hampering access to finance for women in northern Nigeria. The research, which includes a feasibility study, women-focused design and testing, will focus on…

October 21, 2021

| Current Affairs, Energy, Politics

Ambitious Action to Get World Back on Track Can Secure Better Tomorrow for All, Says Deputy Secretary-General in Virtual University Lecture Following is UN Deputy Secretary-General Amina Mohamed’s virtual lecture — “Achieving the Sustainable Development Goals and Realizing Youth Aspirations in a Disrupted World” — as prepared for delivery, to Sophia University, Tokyo, today: It is a pleasure to…

Adanian Labs partners with EMURGO Africa to scale blockchain start-ups in Africa

October 20, 2021

| Business, Current Affairs, Tech

EMURGO has invested a 7x figure undisclosed amount as a seed investment to Adanian Labs through its newly launched EMURGO Africa investment entity NAIROBI, Kenya, October 15, 2021/ — EMURGO is the official commercial arm of Cardano blockchain; This investment is part of EMURGO Africa, a subsidiary of EMURGO’s new $100 million Cardano ecosystem investment vehicle; The undisclosed funding will…

The Rush to Ban Fossil Fuels Will Backfire in Africa

October 20, 2021

| Current Affairs, Energy

JOHANNESBURG, South Africa By NJ Ayuk, Executive Chairman of the African Energy Chamber. Make no mistake, we are going to Glasgow and will be proudly supporting the African energy sector and demand a just transition. We just got our winter jackets and gloves. Despite all signs pointing to a warming planet, Europeans are bracing for the crushing effect a…

São Tomé and Príncipe: African Development Fund extends a USD 10.7 Million Grant to Support SMEs in Agriculture and Tourism

October 11, 2021

| Business, Industrials

The project aims to improve the business environment by removing specific bottlenecks that hinder private sector-led growth ABIDJAN, Ivory Coast, October 11, 2021/ — The Board of Directors of the African Development Fund approved on Wednesday in Abidjan, a grant of US $ 10.7 million to São Tomé and Príncipe for the implementation of the first phase of…

TAMFI: renewable energy financing at the grassroots is the way to go

September 19, 2021

| Current Affairs, Energy

Dar es Salaam, 19th September, 2021 Tanzania’s immense renewable energy, especially solar power, needs concerted financing, especially for the end-users, so as to increase uptake across the country, according to TAMFI. The Tanzania Association of Microfinance Institutions (TAMFI) CEO Winnie Terry noted that Tanzania has one of the greatest potentials for producing solar energy for electrification, which can help…

Energy sector one of the most unequal sectors globally, and female participation remaining considerably low

September 10, 2021

| Energy, Top News

AOG 2021’s Women in Energy Panel Places Women at the Forefront of Africa’s Development With inclusivity and equality a key focus, the women in oil and gas seminar highlighted the current and future role of women in Africa’s energy development LUANDA, Angola, September 10, 2021/ — With the energy sector comprising one of the most unequal sectors globally, and…

Tanzania: Noted high demand for renewable energy production and consumption

September 5, 2021

| Business, Energy, Finance, Financials, Top News

Micro Finance Institutions(MFIs) asked to adopt renewable energy financing models There is a high demand for renewable energy production and consumption across Tanzania, which microfinance institutions(MFIs) can unlock, as a way of addressing energy poverty, and creating a new revenue niche. That was the general assertion by workshop participants organised by the Tanzania Association of Microfinance Institutions (TAMFI) senior-level…

African Development Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides more than $7.3 million for youth jobs and skills

September 1, 2021

| Business, Current Affairs, Finance, Financials, Home Slide Show

The Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides project preparation and co-financing for Bank projects and places great emphasis on employability, entrepreneurship and job creation Access Multimedia Content ABIDJAN, Ivory Coast, August 24, 2021/ — In June and July of this year, an African Development Bank (www.AfDB.org) technical review committee approved eight project proposals to receive funding in…

Tanzania: 24 outstanding entrepreneurs shortlisted for the 4th Citi Micro-entrepreneurship Awards (CMA)

June 22, 2021

| Business, Companies, Financials, Top News

*Ths 85 million up for grabs Dar es Salaam, Tanzania Tanzania Association of Microfinance Institutions (TAMFI) has released about 24 candidates shortlisted for the 4th Citi Micro-entrepreneurship Awards(CMA) final round, narrowed down from 350 participants. Citi Foundation, in partnership with TAMFI, is running the prestigious micro-entrepreneurship competition for the fourth time in Tanzania. This year awards are linked to…

The way to make clean energy to rural areas accessible

June 19, 2021

| Current Affairs, Energy, Technology

The Energy Access situation Report Survey of (2016) findings shows that, 32.8 percent of all households in Tanzania Mainland are electrified with some form of electricity.Out of the electrified households, 74.9 per cent get electricity from the national grid, 24.7 per cent from solar power and 0.3 per cent of the households get electricity from private entity and individual…

Islamic Corporation for the development of the Private Sector (ICD) Launches the ICD Finnovation Award 2020

November 19, 2020

| Business, Money, Tech

Islamic Corporation for the development of the Private Sector (ICD) Launches the ICD Finnovation Award 2020The winners will be awarded in a very special ceremony to be organized during the Annual Meetings of Islamic Development Bank Group (IsDBG) to be held in June 2021JEDDAH, Kingdom of Saudi Arabia, November 19, 2020/ — The Islamic Corporation for the development of…

Finance summit rallies banks to build a new coalition to better face the COVID-19

November 13, 2020

| Business, Companies, Current Affairs, Finance, Financials, Home Slide Show, Maisha, Markets, Politcs, Technology, Top News

Finance In Common summit rallies 450 development banks to ramp up, deepen collective efforts to address fragility beyond COVID-19 “Nothing can dampen our collective resolve to provide better opportunities for all” – African Development Bank President Akinwumi Adesina ABIDJAN, Ivory CoastThe first global summit of public development banks on Thursday showcased a collective resolve to accelerate efforts to achieve…

COVID 19: The positive sides that the quarantine poses to the society

September 12, 2020

| Business, Health, Health, Home Slide Show

By Charles Mwangi, cmmwangi85@gmail.com The calamity of the coronavirus (COVID-19) has forced many to stay indoors, but this can also be viewed as a blessing in disguise. People should look at the situation as a chance to find out different things about themselves, that is inner talents and skills that might be buried deep inside a person. One should…

Dr. André Bationo and Dr. Catherine Nakalembe Awarded the 2020 Africa Food Prize (AFP)

September 11, 2020

| Business, Companies, Current Affairs, Top News

Kigali, Rwanda, September 11, 2020 – Dr. André Bationo and Dr. Catherine Nakalembe have been announced as the 2020 winners of the Africa Food Prize (AFP) for their exceptional contribution towards the promotion of food security across the continent. Dr. André Bationo, a researcher from Burkina Faso, has been recognized for his efforts into the improvement of micro-dosing fertilizer technology….

Eating healthy, answer to overcoming some diseases, including COVID19

August 30, 2020

| Education, Essentials, Health, Health, Home Slide Show, Top News

By Charles Mwangi, cmmwangi85@gmail.com Nutrition knowledge is important and it influences eating habits. This is according to a dissertation by Leonida Sylvester Luballa (2017) submitted to the Open University of Tanzania. The study highlighted “eating habits and lack of proper nutrition information” as major aspects of malnutrition. Generally, the intake of adequate nutrition/balanced diet is vital for keeping our…

TAMFI wants Micro Finance Institutions(MFIs) to adopt renewable energy financing models

August 29, 2020

| Business, Energy, Essentials, Financials, Home Slide Show, Top News

Dar eS Salaam, 29th August, 2020 There is a high demand for renewable energy production and consumption across Tanzania, which microfinance institutions(MFIs) can unlock, as a way of addressing energy poverty, and creating a new revenue niche. That was the general assertion by workshop participants organised by the Tanzania Association of Microfinance Institutions (TAMFI) senior-level managers of MFIs in…

TAMFI launches energy access project for micro and small entrepreneurs

August 28, 2020

| Current Affairs, Energy, Finance, Financials, Home Slide Show, Top News

*Seeks inclusive financial ecosystem for clean energy uptake Dar es Salaam, 28th August 2020 The project is supported by C.S. Mott Foundation based in Flint Michigan, US. It seeks to develop a program to improve capacity of the microfinance institutions to extend financing to enterprises and end users of renewable energy technologies in Tanzania, by targeting microfinance institutions….

Healthy lifestyle improves immunity and strength to the body

June 2, 2020

By Charles Mwangi Healthy lifestyle is essential to all especially in this era of COVID-19, enlightenment to people on proper lifestyles will aid in controlling the rates of the infected. Eating the proper foods and exercising builds up one’s body and even improves metabolisms that will help in making the body energetic. Simply using junk food and drinks will…

Africa focused Iron Capital announces partnership with the Australian Trade Commission (Austrade).

April 11, 2020

| Business, Companies, Current Affairs, Financials

Australian businesses that want to enter into Africa, with a special focus on Nigeria, Ghana, Kenya, and Zambia, will have wide access to invaluable credible knowledge and extensive network, giving them a headway, if they work with Iron Capital. This is possible in the wake of Iron Capital, an Africa-focused corporate finance and financial advisory firm new partnership with…

BOT, Citibank see micro-entrepreneurship as viable options for every entrepreneurial Tanzania

June 17, 2019

| Current Affairs, Finance, Financials, Markets, Money

DAR-ES-SALAAM Microfinance Institutions play an effective role in poverty alleviation, social empowerment, and economic development within the broader context of financial inclusion. The assertion was made by Bank of Tanzania Deputy Governor, Dr. Bernard Kibesse in an event where 18 winners of the 3rd Citi Microentrepreneurship Awards (CMA) in Tanzania collectively won USD 37,500. He declared that the…

The Golden Woman

April 19, 2019

| Business, Companies, Current Affairs

GoldenWoman.org Magazine is a new women’s publication that celebrates trailblazers changing the world. We publish inspirational stories/features of women changing the world from diverse backgrounds, in their own way. It is the small actions that count and grows into formidable forces of change. In addition, the magazine covers health & fitness, finance, beauty, fashion, food, and travel issues biased…

Ecobank appoints digital payment partner to reach over 170 million digital customers

December 14, 2018

| Business, Companies, Current Affairs, Financials

The customers of Ecobank, the Pan-African Banking Group in 33 African countries, can now transact with over 170 million mobile wallets across the continent Ecobank (www.Ecobank.com) The Pan-African bank announced on Dec12, 2018 the appointment of MFS Africa (www.MFSAfrica.com) as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The partnership allows Ecobank customers to send and…

Tanzania is first African country to reach an important milestone in the regulation of medicines

December 13, 2018

| Business, Current Affairs, Health, Health

Brazzaville Tanzania is the first confirmed country in Africa to achieve a well-functioning, regulatory system for medical products according to the World Health Organization (WHO). This means that the Tanzania Food and Drug authority (TFDA) has made considerable improvements in recent years in ensuring medicines in the healthcare system are of good quality, safe and produce the…

ZABRON MBWAGA: The Overall winner, The Citi Microentrepreneurship Awards 2017/8 (Tanzania)

April 17, 2018

| Business, Companies, Current Affairs, Financials, Industrials

Mr ZABRON MBWAGA is the overall winner, the Citi Microentrepreneurship Awards 2017/8 (Tanzania). About 16 entrepreneurs and one loan officer, have won Citi Micro-Entrepreneurship Awards for 2017/8 funded by Citi Foundation, as announced by Tanzania Association of Microfinance Institutions(TAMFI). The Program in Tanzania is conducted by TAMFI. Winners were named and rewarded last Friday in a colourful event attended…

Activity in African capital markets shows significant decline in 2016 amidst economic uncertainty and global political upheaval: PwC report

February 16, 2017

| Energy, Finance, Financials, Health, Home Slide Show, Industrials, Markets, Media

On a sector basis, the financial services sector continued to dominate the African IPO market during 2016 with 45% of total value and 55% of total volume, followed by consumer goods and industrials with a total value of 31% and 13% respectively JOHANNESBURG, South Africa, February 16, 2017/ — 2016 marked a challenging year for African equity markets in…

IBRA Contractors Ltd

November 22, 2016

Kenya to hold 6TH Tokyo International Conference on African Development (TICAD VI) SUMMIT

August 27, 2016

| Finance, Financials, Health

The Sixth Tokyo International Conference on African Development (TICAD VI) Summit will be held at Kenyatta International Convention Center in Nairobi, Kenya on 27th -28th August 2016. This will be the first time TICAD is being held in Africa since its inception in 1993. Dar Es Salaam, Aug 27, 2016/- The decision to host TICAD VI Summit in Africa…

Dr Reginald Mengi’s summon before the high court: He is not director, shareholder of the principal party in the case (KM Prospecting Limited)

August 21, 2016

| Business, Energy

When we received a copy of the judgment we discovered that the judgment had no date. In law a judgment that is not dated is not a judgment at all. In other words it is invalid and it cannot be appealed against and the other side cannot execute such a judgment. STATEMENT BY DEOGRATIAS RINGIA ADVOCATE REGARDING NEWS BEING…

Dar to become EA regional hub for commodity market

August 5, 2016

| Current Affairs, Financials

Tanzania Commodity Exchange (TCX) is set to make Tanzania a hub for commodity trading in East African region that will involve setting up exchange associations and fostering relationships with International agencies. Commodity Exchanges integrates functioning of several key components of agriculture trade namely farmers, traders to services like Warehouse and Warehouse receipt system. It brings in standardization of…

One -Stop Centre recommended for fire rescue services taxes

July 29, 2016

| Current Affairs, Financials

BUSINESS community in the country has recommended for establishment of one-stop centre for collecting taxes related to fire and rescue services to increase compliance level and improve business environment. According to Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA), the one stop point for tax collection will greatly reduce corruption that occurs when payments are done at different…

Diversification and Industrialisation are Critical for the Integration of African Countries into the Global Economy

July 20, 2016

| Current Affairs, Financials

Minister Davies highlighted that the African countries participate in the global economy as mainly suppliers of primary products Dar es salaam, July 20, 2016/- The Minister of Trade and Industry, Dr Rob Davies says African countries need policy space to diversify, industrialise and transform their economies in order to integrate into the global economy. Minister Davies was speaking at…

Deputy Minister opens Key Micro Finance Conference in Dar es salaaam

July 14, 2016

| Current Affairs, Financials

Commends sub-sector for championing equality Dar es Salaam, 14th July 2016: The micro-finance industry in Tanzania plays a big role in bringing equality to all citizens especially the disabled and less fortunate in the rural areas. Deputy Minister of State, Prime Ministers Office(persons with Disability) Hon. Dr. Abdallah Possi , MP, made the assertion when he opened a key two…

National Microfinance Bank PLC (NMB)

June 27, 2016

For more information visit- http://www.nmbtz.com/ National Microfinance Bank Plc (NMB) is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized corporate clients, as well as large businesses. It was established under the National Microfinance Bank Limited Incorporation Act of 1997, following the break-up of the old National Bank of Commerce, by…

Standard Chartered launches Africa’s most extensive roll out of mobile and online banking

June 10, 2016

| Business, Companies, Financials

Digital Banking made easier, faster and safer for over 1 million clients across 8 markets June 9, 2016: Standard Chartered Bank (SC.com) is bringing its newest mobile and online banking platform to 1 million clients across 8 African markets, the most extensive digital rollout of its kind in Africa by an international bank. Supported by the Bank’s global-standard technology,…

Corporate oil and gas players in Africa Forum

April 13, 2016

| Current Affairs, Energy

14th Africa Independents Forum in London, May 25th & 26th 2016 April 13, 2016/- The 14th Africa Independents Forum 2016 (Africa-IndependentsForum.com), to be held on 25-26th May in London at the Waldorf Hilton, being hosted by the Global Pacific & Partners / ITE Group Plc JV, gathers together leading independents and corporate players worldwide and from across Africa, both listed and…

World Bank Group Unveils $16 Billion Africa Climate Business Plan to Tackle Urgent Climate Challenges

November 24, 2015

| Current Affairs, Energy, Technology

WASHINGTON, November 24, 2015 – The World Bank Group today unveiled a new plan that calls for $16 billion in funding to help African people and countries adapt to climate change and build up the continent’s resilience to climate shocks. Titled Accelerating Climate-Resilient and Low-Carbon Development, the Africa Climate Business Plan will be presented at COP21, the global climate…

First Lady Margaret Kenyatta launches massive NBK forestation initiative in Northern Kenya

November 12, 2015

| Financials, Home Slide Show

In one of the fastest rates of growth, bank has set up 25 branches since 2013 and is amassing a forest of 100,000 trees with each of the branched it is setting up Nairobi Kenya, 12th November, 2015: Kenya’s First Lady Margaret Kenyatta has lauded the National Bank (NBK-NSE) – Kenya’s fastest growing listed bank- for “contributing a great…

TANESCO’s Managing Director to address Tanzania’s leading investors at forum for power sector development this December

October 22, 2015

| Business, Energy

As Tanzania’s leaders are praised for its peaceful handling of elections, an increasing number of projects are appearing which show case a country that is maturing, growing in confidence and cooperating with the right kind of partners to help it achieve its long-termm goal of becoming a regional hub. The Powering Africa: Tanzania investment briefing will take place from…

Tanzania Presidential aspirants challenged to state their positions on pensions

October 17, 2015

| Financials, Health

Dar es Salaam, 17th October 2015: Contestants in the presidential and parliamentary elections in Tanzania have been challenged to expound their visions and policies towards old age before the polling date. Speaking at a meeting in Dar es salaam on Monday and attended by HelpAge International, Older persons and the media, Smart Daniel who is the Deputy Country Director,…

Alarming news: Global Economic weakness to last into 2016

October 6, 2015

| Current Affairs, Financials

A relentless deceleration in the economies of the developing world will cause global growth to slow this year and only pick up a bit more pace in 2016, the head of the International Monetary Fund said on Wednesday. In a speech that previewed a report on global growth due next month, IMF Managing Director Christine Lagarde held back from…

Solar powered tablet devices for education: Akon Lighting Africa unveils its strategy in Benin

August 11, 2015

| Current Affairs, Energy

Benin is the last stop on this two-week road show during which the co-founders unveiled their long-term objective to use solar activities to drive education by introducing connected tablet devices. COTONOU, Benin, August 6, 2015/African Press Organization (APO)/ —Akon Lighting Africa concluded its African road show last night in Benin. The three co-founders, Akon, Thione Niang and Samba…

Windows 10 available in 190 countries as a free upgrade

August 4, 2015

| Technology, Telcoms

People and organizations can do great things with Cortana, Microsoft Edge, Xbox App, new Office Universal apps and more REDMOND, Wash., July 30, 2015/ — Microsoft Corp. announced that Windows 10 will become available Wednesday as a free upgrade(1) or with new PCs and tablets. Windows 10 includes innovations such as Cortana,(2) an Xbox app and Microsoft Edge for a familiar, yet more…

Social Safety Nets Expand in Developing Countries, But Majority of the Poorest Still Lack Coverage

July 7, 2015

| Financials, Media

WASHINGTON, July 7, 2015 – A growing number of developing countries are investing in social safety nets to improve the lives and livelihoods of billions of poor and vulnerable people, yet around 55 percent of the world’s poor or 773 million people with acute needs still lack safety net coverage – especially in lower-income countries and in urban areas-and countries must…

Kenya to host Africa’s First Cyber Security Summit

July 6, 2015

Nairobi July 4 2015: Kenya will host of the first ever Africa Cyber Security Summit (ACSS). The summit to be held in Nairobi at the Kenyatta International Convention Centre, is expected to attract numerous stakeholders as well as government officials from across Africa. Speaking on Saturday, the chair of the Africa Cyber Security Summit Centre, Lindsey Achudi, said the…

UAE Based Oil Firm Consolidates East African Presence with Acquisition of Essar Petroleum East Africa Ltd

July 1, 2015

| Current Affairs, Energy

Gulf Petrochem Group rename entity to Aspam Energy (Kenya) Ltd NAIROBI, Kenya, July 1, 2015/ — Gulf Petrochem Group today announces the official acquisition and name change of Essar Petroleum East Africa Ltd to ASPAM Energy (Kenya) Ltd. The deal will enhance the group’s integrated services and products for the downstream supply chain in the oil and gas sector…

The cities of Accra-Ghana, Kinondoni-Tanzania and Praia- Cape Verde win the inaugural José Eduardo dos Santos African Mayor Awards

May 6, 2015

| Current Affairs, Industrials

United Cities and Local Governments-Africa (UCLG–A) announces the winners of the first ever “African Mayor Awards” in Luanda, Angola LUANDA, Angola, May 5, 2015/— The winners of the inaugural 2015 “José Eduardo dos Santos African Mayor Awards” were announced last week during a gala dinner in Luanda, Angola. These awards acknowledge the leadership and contribution made by Mayors of large,…

Malawi takes key step to advance digital payments and drive inclusive growth

May 1, 2015

| Business, Financials

Government, private sector, mobile operators and development organizations convene to establish a plan for the future LILONGWE, Malawi, April 30, 2015 Today, Malawi took a significant step towards creating a digital payment ecosystem in order to address poverty and drive inclusive growth. An event organized by the Government of Malawi with the United Nations Capital Development Fund’s (UNCDF) Better…

Dr. Reginald Mengi awards 10 Million Shillings to February winner of 3N competition

March 11, 2015

| Current Affairs, Media

IPP Executive Chairman Dr Reginald Mengi yesterday awarded 10m/- to Viana Mulokozi a student from Ardhi University in Dar es Salaam after she emerged the February winner of the ‘Nitabuni, Nitatekeleza, Nitafanikiwa’ (3Ns) Twitter competition. Viana, currently pursuing a Bachelors of Science in Building Economics in Dar es Salaam, submitted a business idea dubbed Centralized Field Training Allocation System…

Ask your questions LIVE to the Chief Executive of The Mauritius Commercial Bank (MCB)

March 8, 2015

| Current Affairs, Financials, Media

The Chief Executive of MCB, the largest bank in East Africa, will host an online press conference Wednesday 11th March 2015 at 11 a.m. GMT PORT-LOUIS, Mauritius, March 6, 2015/ — The Chief Executive of MCB (http://www.mcb.mu), the largest bank in East Africa, will host an online press conference Wednesday 11th March 2015 at 11 a.m. GMT to provide updates on the strategy of the…

APO to Provide Africa-Related News Releases to Millions of Students and Researchers Around the World

March 4, 2015

| Current Affairs, Media

APO Announces an Alliance with NewsBank, one of the world’s premier information providers DAKAR, Senegal, March 3, 2015/ — APO (African Press Organization) (http://www.apo-opa.com), the sole press release newswire in Africa and the global leader in media relations relating to Africa, announced today an alliance with NewsBank (http://www.newsbank.com), one of the world’s premier information providers for more than 40 years, to provide…

2014 sees flydubai achieve increased revenues of USD 1.2 billion up 19.1% and profits of USD 68 million

March 4, 2015

| Current Affairs, Transport

• 14% increase in passenger numbers between 2013 and 2014 in Africa • 100% increase in number of routes in Africa • Schedule increased to 63 flights a week across 12 points in North and East Africa Dubai, UAE, March 3, 2015/ — flydubai (http://www.flydubai.com), in its fifth year of operation, today announced its Annual Results for 2014 and reported a…

Despite Progress Much More Must Be Done To End Poverty- Global Monitoring Report 2014/2015

October 8, 2014

| Business, Financials

“The world has made great progress in the last quarter-century in reducing extreme poverty – it was cut by a stunning two-thirds – and now we have the opportunity to end poverty in less than a generation,” said World Bank Group President Jim Yong Kim. WASHINGTON, October 8, 2014 – Much more work needs to be done to end…

Swala Oil & Gas Announces Successful Completion Of Seismic Acquisition Survey In The Moshi Basin

October 2, 2014

| Business, Energy

We will now map the structural leads the survey has identified at the basin margins with the aim of identifying potential drilling locations for the next phase of operations Swala Oil & Gas S(Tanzania) Plc (DSE:SWALA) (‘Swala’ or ‘the Company’) is pleased to announce the successful completion of its 2D seismic acquisition programme (“programme”) over the Moshi Basin in…

South African Airways Adds More Travel Options in Africa

September 14, 2014

| Business, Companies, Transport

We are delighted to be operating 14 flights per week on the Johannesburg to Dar Es Salaam route using a combination of our state of the art Airbus A320, and Boeing 737-800series or Airbus A319 aircraft. This is in line with our focus on growing our footprint on the continent . Dar es Salaam. South African Airways (SAA) is…

Lamudi Outlines The Most Unique Places to Study and Live Overseas

September 12, 2014

| Business, Companies

Global property portal explores the best places to be a student across the globe NAIROBI: Studying abroad presents students with the opportunity to embark on international adventures, experience other cultures and enhance their academic abilities. As students all over the world pack their backs for university, whether for the first time or to return for the upcoming semester, Lamudi,…

Aviation Africa 2015 for Dubai, UAE on 10-11 May 2015

September 3, 2014

| Business, Current Affairs, Transport

DUBAI, UAE, September 2, 2014/ — Aviation Africa 2015 Summit & Exhibition, has been set for 10-11 May 2015 in Dubai, UAE. NEXUS from Saudi Arabia and Wyvern Consulting from USA have joined up with this event to become main sponsors. The link with these two companies is a perfect fit for the Aviation Africa event, which has launched…

Dr. Speciosa Graces Young Positives Beauty Pageant

September 2, 2014

| Business, Health

Kampala, Uganda: As the young men and women took to the stage to showcase their talent, no one except the event organizers could tell their HIV Status. Their blazing faces beaming with a future captivated the cheering audience, a reassurance to everyone that contracting HIV/AIDS was no more a death sentence as it were in yesteryears. And when the…

Flydubai announces addition three new East African routes

August 31, 2014

| Business, Companies, Transport

Dubai- Dubai-based flydubai (http://www.flydubai.com) has announced the addition of three new East African routes, bringing the total number of destinations in the carrier’s network to 80. With the launch of flights in September 2014 to Bujumbura in Burundi, Entebbe in Uganda and Kigali in Rwanda, flydubai will fly to nine destinations in Africa. Commenting on the launch of these…

Nakumatt inches closer to golden milestone as second Dar es Salaam store opens its doors

August 6, 2014

| Business, Companies

06/08…Regional retailer, Nakumatt Holdings, has officially opened its second, Dar Es Salaam, Tanzania, store as it inches closer to the opening of its 50thbranch in coming days. The opening of the 49thNakumatt store this morning, is a major milestone for the retailer which had earlier set a corporate target to open 50 branches by February 2015. Following its recent…

Investment environment key to closing Africa’s energy gap, says Standard Bank

August 5, 2014

| Business, Financials

Standard Bank and General Electric today reaffirmed their commitment to Africa at a power financing roundtable held in Washington DC JOHANNESBURG, South-Africa, August 5, 2014/ — Standard Bank – Africa’s largest lender by assets, and General Electric today reaffirmed their commitment to Africa at a power financing roundtable held in Washington DC. The partnership sees both parties aiming to…

Why you should take foreign languages seriously

July 30, 2014

By: Tumusiime K. Deo, Kampala- Immediately we stepped foot in Senior One over two decades ago, one of the greatest challenges, was how to manage over 16 subjects. At some point, you would have more homework to do than could ordinarily fit within the available free time. As we progressed to Senior Three, we were advised to reduce the…

Carnegie Mellon University in Rwanda Graduates Its First Class

July 24, 2014

KIGALI- Carnegie Mellon University (CMU) in Rwanda (http://www.cmu.edu) is proud to announce that its first class in Africa graduated on 24 July, 2014. The ceremony, which took place at the Serena Hotel in Kigali, Rwanda, awarded 22 students with master’s degrees in information technology (IT). The graduation underscores Carnegie Mellon University and the Government of Rwanda’s commitment to educating…

Tanzania Gets New Assistance From Japan to Enhance Power Distribution

July 24, 2014

Dar es Salaam: On 24th July, 2014, the Government of Japan and the Government of the United Republic of Tanzania signed Exchange of Notes for the Japanese Grant Projects “The Project for Reinforcement of Power Distribution in Dar es Salaam” and “The Project for improvement of Tazara Intersection”. The Government of Japan provided an additional grant of up to four…

Tanzania: Agro dealers’ network, the long journey

February 20, 2014

| Companies, Current Affairs

By Anthony Muchoki “Alliance for Green Revolution in Africa (AGRA) programs have provided us with innovative financing and high-yield crop varieties. The partnerships created with private seed companies and small agro-dealers have become our lifeline as farmers,” notes National Agrodealer Association(TANADA) chairman Micheal Mahecha Building Rural Incomes Through Enterprise (BRiTEN) Managing Director Mrs Josefynne Miingi-Kaiza, is grateful to AGRA…

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