Year 3 | Edition 32 | 16 December 2016
Kigali, Rwanda
Investments in telecoms hit $68bn in Nigeria

Despite what looks like economic downturn, investments in the fast growing telecommunications sector have been put at $68b as at July, 2016. Of this figure, $35 billion comes from Foreign Direct Investments (FDIs)...

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Mount Coffee Hydro project steers Liberia into energy sustainability and economic growth

The turning on of Mount Coffee Hydro project for the first time in 26 years has been billed as the biggest milestone accelerating Liberia’s economic gains and bringing life back to the streets of Monrovia...

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[Column] Chioma Nnani: Hype and Substance in Business
One of the things that really amuses me about certain business-owners in Nigeria is the mindset that you need hype for hype...

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Kenya, Nigeria, Morocco Africa’s fastest growing reinsurance markets, study
Kenya, Nigeria and Morocco are the fastest growing reinsurance markets in Africa, driven by the size and diversity of their economies, a young and growing population and advanced regulatory regimes, Dr. Schanz, Alms & Company said in its yearly survey “Africa Reinsurance Pulse 2016.”...

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[Rwanda] MTN and Engen partner to allow fuel payment via mobile money

MTN Rwanda and Engen have entered into a partnership that will allow motorists pay their fuel using mobile money.

MTN general manager of human resources and corporate affairs Mary Asiimwe said the facility is part of the telecom’s innovative mobile money products and services...

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[Column] Chinedu Moghalu: Crowding the private sector into Africa's climate action
The global community for climate action was spooked by the November 8 election of Donald Trump as the next President of the United States. The US President-elect had earned the sobriquet of “climate denier,” for his claim that climate change is a hoax...

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Angola bets on 44 logistical platforms to spur agriculture and manufacturing

Angola is counting on the construction of 44 logistical platforms to boost agriculture and provide facilities to the manufacturing industries.

According to the minister of Transport, Augusto da Silva Tomás the construction of the platforms will allow the emergence of other activities in the agricultural field...

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[Uganda] Mobile money transactions reach over 2 million daily
In 2009, when mobile money services were launched, 3 million transactions were concluded in a year, but by July 2016 there were over 2 million transactions daily. 

The phenomenal uptake of mobile money services has greatly increased the population's access to financial services, especially for those people who were being ignored by the traditional commercial banks...

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[Ethiopia] Kifiya Financial Technologies returns sanity to public transport with e ticketing system
Kifiya Financial Technologies PLC  a local start up has come up with an electronic ticketing and payment system meant to tame the congestion of long distance bus transport and respond to sanity in the roads...

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[Column] Bob Koigi: Culture oils the wheels of any successful business

What makes a company grow? And how do we determine the growth of a company? Is it its impressive financial results? The storms it has weathered? Its expansion portfolio?...

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[Algeria] Japanese car makers mull setting up auto and truck manufacturing plants
Algeria is positioning itself as the North African manufacturing hub with three Japanese car makers having already expressed interest to set up auto and truck manufacturing plants...

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[Mozambique] Startup Kameleon brings internet access to rural areas

Mozambican technology startup company Kamaleon is bringing Internet access to remote rural areas through a platform called “Community Tablet” (Tablet Comunitário)...

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[South Africa] Department of Labour releases status of South African industrial strikes report


$27 million Tunisian debt to Italy converted to development projects


DR Congo enlists Cameroon’s support in bond issue


[Uganda] Insurance companies team up to tap into oil and gas sector


[Zimbabwe] CBZ Holdings targets smallholder farmers with $70 million credit facility


Afreximbank Appoints Cameroonian Rene Awambeng Director of Client Relations


[Nigeria] NNPC Proposes Revisions in Petroleum Industry Governance Bill


FNB South Africa and Sterling Bank Nigeria win global award


[Egypt] Accor Hotels to open four new hotels in North Coast


[Mozambique] Border posts extend operations to cater for foreigners


[Nigeria] Customers Risk Losing Money if we License Telcos – CBN


AfDB approves USD250m loan and EUR5m grant for rebuilding and stabilization in North East Nigeria


[Namibia] Three right holders acquire 15 per cent stake in Seawork Fish Processors


Cameroon top banana producer in Africa-Caribbean-Pacific region


[Ghana] Premium Bank starts operations with eye on technology


[Tanzania] Stanbic relaunches private banking services to net high end customers


Morocco set for first government backed Islamic bonds in 2017


Kenya- US partnership to boost energy production


Africa Development Bank commits $75 million to Mozambique- Tanzania road revamp


20 young East African entrepreneurs to benefit from $200,000 grant funding

Africa Business Portal Network Membership | Offer for Africa Business Communities members
Are you an African company looking to trade with U.S. Companies, import U.S. goods or attract U.S. investors?

Or are you a U.S. company interested in exporting, expanding or investing in Africa?...

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Complimentary report on Africa’s transport infrastructure and maintenance

Road authorities and project owners are dedicating their largest budgets to date to address the poor state of their key infrastructure which continues to hamper the speed and confidence of Africa’s ongoing development efforts.

Through a wide range of domestic and international funding measures, Africa is poised to achieve a vast improvement in the quality and reach of its underdeveloped road networks, with new plans emerging as investor confidence in the sector rises...

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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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Complimentary Report: Major Airport Projects in Africa
Government authorities and developers are investing billions of dollars in dozens of airport expansion and rehabilitation works across Africa. Plus, air travel across the continent is predicted to experience a massive surge which will continue to fuel the industry’s expansion.

In light of this, we have put together a report on State of the Market: Major Airport Projects in Africa highlighting the key airport expansion and construction projects currently happening across Africa...

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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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