Year 5 | Edition 1 | 3 January 2018
George Weah, president-elect of Liberia
Liberia open for investment, says President-elect George Weah

Liberian President-elect George Weah has declared the country open to investment and pledged to tackle entrenched corruption, in his first speech to the nation since decisively winning an election last week...

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A guide to Africa’s key markets in 2018

Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust of three years ago...

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[Interview] Peter Tole, Co-Founder and Director, Land LayBy Real Estate, Kenya

The real estate firm, Land LayBy was founded by Dr. Peter Tole, a Kenyan medical doctor resident in Australia, in 2014. Land LayBy is a unique combination of assistance to Africans in diaspora and accelerating economic growth on the continent...

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Root programmable bank account launching in South Africa this year

2018 will see the commercial launch of Root – a bank account which comes with a programmable credit card, online banking interface, mobile app and APIs...

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Zenith Bank Nigeria appoints two executive directors, an independent non-executive director
The Board of Directors of Zenith Bank has approved the appointment of Dr. Temitope Fasoranti and Mr. Dennis Olisa as Executive Directors of the bank effective December 29, 2017...

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Egypt trade finance transactions record $70.8b since EGP float - CBE

Egypt's banks have funded trade finance transactions worth $70.8 billion since the Egyptian pound was floated in November 2016, the Central Bank of Egypt (CBE) announced Wednesday...

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Ethiopian Airlines mobile application available on Apple Store and Google Play
Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX certified Four Star Global Airline, is pleased to announce that it has availed its mobile application in the apple store and Google Play...

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Russia launches telecoms satellite for Angola
Russia on Tuesday launched a rocket carrying Angosat-1, the first national telecoms satellite for Angola, from its Baikonur space pad, with rare use of a rocket from Ukraine despite collapsed ties between the two nations...

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Somali regains control of its airspace after 27 years

The federal government of Somalia officially has taken over the control of its airspace and launched the opening ceremony of the airspace control tower at Aden Abdulle International Airport in Mogadishu last Thursday...

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Ghana unlikely to license new banks in 2018 - BoG
The Bank of Ghana (BoG) has said that it may not license new banks in 2018, adding that the move is to help facilitate strict measures to implement the new capital requirement of 400 million cedis ($92million) next year...

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Nigeria’s Dangote gets approval for $41m cement investment in Liberia

Nigeria’s manufacturing giant, Dangote Cement, has received legislative approval from the Liberian Senate for the production of cement in the West African country. The approval followed the passing of the Investment Incentive Agreement between the country...

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Morocco purchases four Dreamliner Planes for $1.1b

The fleet of Morocco’s national airline company Royal Air Maroc (RAM) will be enhanced with the purchase of four 787-9 Dreamliner planes for $1.1 billion...

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Algerian Space Agency launches telecoms satellite

The Algerian Space Agency has launched a telecoms satellite into space in cooperation with China. This follows the successful launch of Alcomsat-1 by China Great Wall Industry Corporation (CGWIC) aboard a Long March 3B rocket...

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Kenya to build 10MW waste-to-energy electricity plant

The Africa Development Bank’s (AfDB) Sustainable Energy Fund for Africa (SEFA) has approved a grant of US$995,000 to Asticom Kenya Ltd, to support the construction of a 10MW grid-connected municipal waste-to-energy (WTE) plant...

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[Ethiopia] Ethio Telecom to franchise 94 service centres
The sole telecom provider of the country, Ethio telecom, has announced a bid to partner with individuals for 94 franchised shops around the country. The franchises will provide services similar to those...

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[Ethiopia] Bank of Abyssinia posts fastest growth in seven years

Shell Egypt and Al-Mansour Automotive strike up new partnership

Green Motion expands car rental fleet in Morocco

[Nigeria] 9mobile sale deadline extended to January 16

[Nigeria] NNPC distributes over 1.3 billion litres of petroleum products

Airtime purchase costs Nigerians N2.68trn in 10 months

Nigeria’s sales revenue from white products rise to N1.877 trillion


[Ethiopia] Ethio Telecom to franchise 94 service centres

African Development Bank achieves 100% investment in green energy Projects in 2017

Africa’s first multinational blockchain land registry to be launched in Kenya and Ghana

Central Bank of Nigeria suspends new clearing rules for banks

Yam Pro signs $180m deal to build wave energy power station in Ghana


Nigeria Government approves LPG extraction plant in Rivers State for Green Energy

Central Bank of Kenya issues banks strict directives on combating money laundering and terrorism

Workfront Partner Network grows African foothold to solve modern work management challenges

World Bank approves $2.8 Million to increase Zambia solar energy generation

Egypt calls on World Bank to intervene on Ethiopia dam impasse

Rivers State Government, Shell Nigeria Gas sign MoU on gas supply to Industries

Tunisia receives €143m from Africa Development Bank to strengthen its digital transformation


[Libya] Operations resume at the Abu Attifel field gas plant

Zimbabwe-South Africa Forum to invest $800m in Zimbabwe

Improving project bankability key to bridging Africa's infrastructure gap, African Union

South Africa’s economy dips on weak domestic demand, report

Africa makes a case for continental free trade area

Portuguese government gives green light for sale of South Africa's Mercantile Bank

ITFC supports Burkina Faso’s cotton sector with a €107 million financing

African CEO's wanted for interviews!
Africa Business Communities is conducting a series of interviews with African CEO's and CEO's of companies doing business in Africa...

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African Startups wanted for interviews!
Africa Business Communities is conducting a series of interviews with startup businesses in Africa...

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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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