Year 4 | Edition 10 | 16 June 2017
Nigeria receives U.S.$3.7b revenue in taxes, royalties from Anglo-Dutch Shell Group

The Nigerian Government is said to have received the sum of $3.7 billion in taxes and royalties from Anglo-Dutch Shell Group...

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AfDB approves $100m for Export Trading Group’s soft commodity value chain operations in sub-Saharan Africa

The African Development Bank has approved a US $100- million facility to finance Export Trading Group (ETG’s) soft commodity value chain operations in sub-Saharan Africa...

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[Column] Bob Koigi: Awakening the giant: How Ethiopia overtook Kenya to become East Africa’s economic power house

Kenya has traditionally held the enviable position of being the East African economic behemoth. But tables have now turned, and in a dramatic way. 

In 2000 for example, it commanded a 70 per cent lead over Ethiopia, a country that was struggling with incessant drought and poor profile to appeal to prospective investors...

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East Africa attracts Sh113.7b in private equity investments

The East Africa region attracted more than Sh113.7 billion ($1.1 billion) funds from Private Equity (PE) between 2015 and 2016, a new study has revealed...

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Nigeria's newest airline prepares for take off in final quarter
Nigeria's aviation industry has suffered a prolonged spell of violent turbulence. The nation's leading carrier was recently taken over by the government to prevent it collapsing...

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Libya and Nigeria increase OPEC's production

OPEC boosted its oil production in May as output recovered in Libya and Nigeria, two countries exempt from the group's recent deal to curb global supplies, new data shows...

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[Column] Brett Parker: How homegrown innovation is solving many of Africa's most pressing challenges
By now, I am convinced that you have heard of M-Pesa, the popular and often-cited mobile banking system that has become Africa's innovation calling card. But do you know about the Ushahidi crowdsourcing app...

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Kenya Airways gets first set of licenses for direct US flights

Kenya Airways has moved a step closer to operating direct flights to the United States after the Department of Transportation (DOT) granted it the first set of licences...

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Ethiopia, South Sudan to develop joint border infrastructure development projects

Ethiopia and the world's newest nation South Sudan are to develop joint infrastructure development projects that would help create regional economic interconnection...

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Kenya Bankers Association and KIM ink deal to train MSMEs under enterprise programme

Kenya Bankers Association (KBA) and the Kenya Institute of Management (KIM) have signed an agreement to train Micro, Small and Medium Sized Enterprises (MSMEs) in Kenya...

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Egypt’s Parliament approves the maritime borders deal between Egypt and Saudi Arabia

Egypt’s parliament has approved on Wednesday the maritime borders deal between Egypt and Saudi Arabia.

The general voting was held after the parliament’s Committee of Defense and National Security had approved the maritime demarcation agreement...

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[Kenya] President Kenyatta recommends 35 percent tax on betting

President Uhuru Kenyatta has recommended that betting, lotteries and gaming activities should be taxed at the rate of 35 percent...

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Ethiopia launches online visa service for international visitors

The Ethiopian Immigration and Nationality Affairs main Department in collaboration with Ethiopian Airlines are set to unveil e visa service for international visitors to Ethiopia...

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Egypt’s GDP growth projected to hit 5.3 per cent by 2019 - World Bank
Egypt's gross domestic product is projected to grow 5.3 percent by 2019, suggesting the economy of the most populous Arab state is recovering after years of turmoil, the World Bank has said...

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[South Africa] ACM Gold announces upgrade to MetaTrader5

ACM Gold has announced the imminent upgrade to MetaTrader5 (MT5) in the company’s quest to deploy exceptional trading platforms in the ever changing forex trading world...

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Nigeria elected into International Labour Organization governing body

A decade after Nigeria was last elected into the Governing Body of the International Labour Organisation (ILO), Nigeria Labour Congress (NLC) President, Ayuba Wabba was yesterday elected into the body for the next three years...

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GT Bank unveils GTPatriot, a subsidized banking package for Nigeria’s military personnel


RwandAir set to fly to Brussels Airport from July 2017


Elanco Animal Health receives $2.7 million to boost food security in East Africa


[Kenya] Kabarak University partners with General Electric Healthcare to develop $450m medical campus


Passenger demand drives increase in flydubai’s frequency to Tanzania


AfDB approves $100m for Export Trading Group’s soft commodity value chain operations in sub-Saharan Africa


Uganda consumer inflation at highest level since beginning of the year


Orange Central African Republic and SES Networks Partner to Reinforce Connectivity in Country


East Africa attracts Sh113.7b in private equity investments


Mauritania collaborates with ECA and Morocco for better national account accuracy


Towercos to increase market growth of mobile towers in Sub Sahara Africa, says Frost & Sullivan


IFC in $4.5 million investment in Medical Credit Fund to increase quality healthcare in Africa


Wartsila to supply gold mine extension to Guinea


AfDB President Adesina receives Life-time Award for Child Nutrition


Uganda Bankers Association in partnership with Mastercard to strengthen financial services sector


Efacec strengthens Guinea Bissau’s electrical capacity


VLCC launches festival of beauty across Africa and Middle East


Libya and Nigeria increase OPEC's production


Tunisia receives $500 million credit facility to improve business environment and ease access to finance


[Tanzania] Agriculture sector lending drops to 6.8 per cent


The Queen of England to honour three young Ghanaians with Queen’s Young Leaders Award


[South Africa] Showmax kicks off its first original show


ECOWAS Member States to agree on regional investment climate scorecard to unlock investment in West Africa


[Nigeria] African Development Bank supports Afe Babalola University expansion with $40m loan


[Kenya] Chinese car assembly plant, Foton East Africa, goes up for auction


Danish firm, DESMI, partners Nigeria on oil pollution cleaning


WorldRemit launches Android Pay to offer mobile-to-mobile transfers to the unbanked


Egyptian economy on track to economic recovery - Hala El-Said


Safaricom takes M-Pesa to Nigeria, Angola


[Nigeria] 371, 000 Internally Displaced Persons to benefit from Dangote Foundation’s donation in Borno


Youtap partners with MatchMove to deliver open loop payments for mobile money customers in Africa and Asia


Afrexim announces support for development of cotton value chain in West Africa


ENGIE and eleQtra sign agreement for development of a wind project in Ghana


[South Africa]The dti and UNDP partner on Centre for Trade Programmes


Orange Digital Investment launches a new investment initiative of €50m devoted to startups in Africa


Foreign-Currency Liquidity Improving for Nigerian Banks - Fitch


Djibouti Telecom connects IP network with Hurricane Electric to bring high-speed IP transit to East Africa


The International Institute of Tropical Agriculture expands research investment with 205.5 hectare research farm in Nigeria


[Nigeria] NNPC Increases Gas Supply for Power Generation


LG Chem to supply RO Membranes to Egypt's largest seawater desalination plant


[Nigeria] FirstBank partners Zons PR to sponsor Afrobeat radio show in the US


Only 33% of healthcare professionals in South Africa believe the overall health of South Africans is positive - report


E190 jet receives South African CAA type certification


[Kenya] KAM champions manufacturing agenda for industrial growth and job creation ahead of national elections

Roads & Corridors East Africa 2017 | 20-21 June Nairobi, Kenya
Governments across East Africa are set to change transportation and trade development by investing in the expansion and rehabilitation of existing roads, the creation of new road links between key cities and cross-border connections, as well as the integration of smarter traffic management solutions, such as ITS (Intelligent Traffic Systems)...

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Banking Innovation East Africa
A strategic meeting on banking innovation taking place from 29-30 June at the Kempinski Hotel in Nairobi, Kenya.

We are working with Stanbic Bank, Barclays Bank, National Bank of Kenya, Co-operative Bank of Kenya, Equity Bank and more to develop an agenda which addresses how to develop customer-focused strategies and leverage digital technologies to help you attract and retain customers...

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Report on Port & Intermodal Projects in West Africa

West African region, much like their easterly neighbours, is experiencing a surge in port development projects which will greatly expand, modernise and link shipping infrastructure across the region over the course of the next five years. With several multi-billion dollar projects already...

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Complimentary Report: Africa EPC Energy Projects – Challenges and Best Practices

Billions of dollars are being invested in EPC energy projects across Africa. The AfDB alone has recently unveiled a $12 billion electrification investment plan, in support of its ‘New Deal on Energy for Africa’ which envisages universal access to electricity for the whole continent by 2025...

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2nd Annual Call Center Conference Africa | 22-24 August 2017 | Nairobi, Kenya
There is a growing desire to digitise African contact centres in order to make them as competitive, cost-efficient and customer-centric as possible. These emerging centres are being designed to exceed the expectations of an increasingly digital African population, not to mention BPO customers from around the world...

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Shared Services Practitioners to meet in Kenya this June

As more and more African companies start to embrace the concept of shared services, heads of Finance, Human Resources, ICT and more gather in Nairobi to learn best practices for implementation...

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Join any of our 180 Africa LinkedIn Groups

Africa Business Communities manages 180 LinkedIn Groups. These groups cover every country and every industry on the continent.

Please feel free to join any of these groups and be part of the African conversation...

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If you think this might be interesting to your company or organization, just drop me a line...

Bas Vlugt
Founder Africa CEO Network

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Publisher/Editor in Chief: Bas Vlugt

Editors: Linda Larbie, Afia Owusu-Nyantakyi, Andrea Ayemoba

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