Year 5 | Edition 2 | 12 January 2018
Johannesburg, South Africa
[Column] Tobias Alando: Technology key to the future of manufacturing

Current technological advances are creating a new automated age, with recent developments in robotics, artificial intelligence, and machine learning. In order to make proper decision making, investors are now, more than ever, seeking...

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Contemporary exchange rate policies in Eastern Africa: helping or hindering development?
For the past year, a debate has raged over the role and impact of the CFA franc in West Africa. Supporters of the controversial exchange rate arrangement argue that the peg to the...

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[Column] Richard Branson: The alternatives to Nigeria's power situation
Energy access in Africa is close to my heart. Bringing clean, renewable power to people instead of building coal-fired power stations is absolutely essential if we are going to tackle climate change...

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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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ASECNA partners with Aerion to deploy space based surveillance technology in Western and Central Africa

American based Aireon that operates a space-based Automatic Dependent Surveillance Broadcast (ADS-B) to enable global air traffic surveillance, has signed a data services agreement with the Agency for...

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Zloadr and Guardian Newspaper in deal to deliver crypto news to one million Nigerians

In a move that will connect up to one million Nigerians with the latest crypto news and investment opportunities, Zloadr has officially signed a deal with a top Lagos newspaper...

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Namibia launches biometric passport
In an effort to fulfill International Civil Aviation Organization (ICAO) requirements, Namibia is now only issuing biometric passports, or ePassports, instead of the old machine-readable passports...

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Mahboub Maalim Mohamed named new Chairman of the Kenya Power Board

Kenya Power has named Ambassador (Eng.) Mahboub Maalim Mohamed as its new Chairman. A former Permanent Secretary at the Ministry of State for Special Programmes in Office of the President, Ambassador (Eng.) Mohamed has replaced Hon...

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Africa set for big things with continental free trade area operationalization, ECA
Africa’s integration agenda is experiencing a critical and momentous epoch with the Continental Free Trade Area (CFTA) scheduled for operationalization this year and with the creation of a Single African Air Transport Market...

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Ethiopian Airlines to debut flight to Geneva

Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX certified Four Star Global Airline, is pleased to announce that it will launch direct thrice weekly service to Geneva, Switzerland on June 3, 2018...

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BlueBird Finance & Projects oversees financing of a $165 million hospital project in Eastern Africa

BlueBird Finance & Projects reports successful closing of a $165 million complex financing package for an EPC Turnkey construction project of an innovative hospital, including medical equipment supply, in Eastern Africa...

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[Ethiopia] Melcon Construction secures third most expensive road deal

Melcon Construction Plc, a local construction firm, is to construct the nation's third most expensive road, costing 536 million Br, extending from Haile Garment to Jemo square...

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[Nigeria] Union Bank’s rights issue records 120% subscription

Union Bank of Nigeria (Union Bank), one of Nigeria’s long-standing and most respected financial institutions announced that the Bank successfully raised N49.7 billion through a Rights Issue which closed on October 30...

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[Kenya] Stanbic Bank becomes first bank to launch automated float purchase platform for Mpesa agents

Stanbic Bank has become the first bank in Kenya to offer an Automated Float Purchase platform for Mpesa agents. The service will be available through its newly installed Cash Deposit machines...

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[Kenya] Purchasing Managers’ Index highest in a year as political situation stabilizes, report

Business conditions improved for the first time in eight months amid reports of greater political stability. Growth was underpinned by expansions in output, new orders, stocks of purchases and employment, thereby reversing the recent downward trend...

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Ethiopian construction mogul, Samuel Tafesse, to invest in solar park

Samuel Tafesse, the founder of  Sunshine Construction, has announced plans to build a solar park in Ethiopia. “At the moment, we are exploring opportunities in power generation,” the 60-year old entrepreneur told...

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[Côte d'Ivoire] M6 Group acquires 33 per cent stake in in Life TV in deal to open broadcast market to foreign entities

M6 Group has announced that it is participating in the creation of the Life TV channel in the Ivory Coast through the acquisition of a 33% stake in the share capital of the Ivorian company of the same name...

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Zimbabwe posts $185m trade surplus with South Africa

Namibia launches biometric passport

[Ghana] GCB Bank partners with Morocco's largest bank to consolidate transactions in ECOWAS

Hazera bets on hybrid Shanty tomato variety to grow Ethiopian agriculture

[Nigeria] Escravos-Lagos pipeline resumes gas supply


Varroc Lighting Systems expands global footprint with new Morocco factory

[Egypt] Groupe SEB and Zahran family merge to reinforce local manufacturing business

Millennium Challenge Corporation selects Gambia for new threshold program

Private equity-backed Viathan issues Nigeria's debut 10-year guaranteed naira bond

Central Bank of Kenya approves SBM Holdings offer to acquire stake in Chase Bank


Commercial flights to resume between Egypt and Russia, following two-year suspension

[Tanzania] Orca Exploration finalizes terms for $130 million investment by Swala Oil and Gas

No plan to increase pump price of petrol - Nigerian National Petroleum Corporation

Dalkom Somalia launches iDirect Network to expand satellite connectivity in Somalia

IFC finances construction of Zambia’s large scale solar power plant

Africa Development Bank invests $14 million in Togo agribusiness


[Mauritania] Wärtsilä to supply power plant for West Africa’s largest electricity project

MTN Rwanda, Amasezerano Bank sign mobile banking agreement

[Zimbabwe] Time Bank reopens after over a decade's closure

MultiChoice contributes $23m to Ghana’s economy in three years - board Chairman

Kenya most lucrative market for fintech top staff in Africa - DFI survey

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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