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Africa Business News

AfricaBiz.Link is a leading Africa business news portal featuring news articles and tenders related to business throughout Africa with an emphasis on new business opportunities and issues affecting businesses.

Angonix Becomes Third Largest African IXP

Luanda, Angola based Angonix (www.Angonix.net), founded only two years ago, is now the third largest African IXP, with peak traffic recorded as of July 2017 at 10.8 Gbps. The rapid growth of the IXP supplier demonstrates both how open the opportunity is for digital enterprises and specifically the competitive nature of Angonix itself.

Report on Africa Airline Seat Capacity Shows Major Drop

According to a report from Valencia, Spain, based ForwardKeys on airline capacity in Africa, Lagos, Nigeria in particular is showing a significant seat capacity decline in 2017. According to a spokesperson from AviaDev, a major airline route development conference in Africa, this comes directly from the difficulty in bringing revenues back out of the country in 2016.

New Beverage Plant in Angola Secures Approval, Eventually to Provide 400 Jobs

Grupo Sun Ocean Lda, a new company formed by Embasa (Equatorial Guinea), Sun Ocean Holdings Ltd. of Angola, and QG African Infrastructure 1 LP have received formal approval to proceed with their project to produce, package and distribute juice, water and wine with significant capacity to contribute to positive economic and social impacts in Angola.

International Monetary Fund Upgrades Economic Forecasts for Botswana

The International Monetary Fund completed its Article IV consultation with the country of Botswana at the end of July. Based on improvements in diamond sales and other factors, the IMF has upgraded its near-term economic forecasts for the country. It has also recommended specific actions for the country to consider going forward.

LUX Ile des Deux Cocos Converts to Full Solar Power

Mauritius-based LUX* Resorts & Hotels has replaced its previous diesel-based power generation with a bank of 130 solar panels and batteries, to provide full power generation for its Ile des Deux Cocos, off-grid SE Mauritius (www.IleDesDeuxCocos.com/fr) project.

Africa Hall Renovation Project Board Meets For First Time

The much-needed upgrade of Africa Hall, the Addis Ababa-based headquarters for the United Nations Economic Commission for Africa (ECA), took a major step forward on August 10th, when members of the new advisory board for the Africa Hall Renovation Project met for the first time.

Tatu City Development Proceeding Ahead of Schedule

Just 24 kilometers away from Nairobi's city center, Tatu City, Kenya, one of the most ambitious real estate projects anywhere in the world, is very quietly exceeding expectations and beating schedules.

World Food Programme to Distribute 5,000 Tons of Nigeria Rice to NE Nigeria

The Government of Nigeria has supplied the United Nations World Food Programme (WFP) with 5,000 metric tons of rice, as part of a more structured means of distributing food for nearly half-a-million internally displaced people in the the conflict-damaged and famine-plagued northeast region of the country.

Reflections On The Importance of Investing in Youth in Africa

The theme of this year's African Union Decentralization Day celebrated on August 10 was "Youth Participation". With 63 percent of Africa's overall population below the age of 25, getting youth involved in all aspects of society is critical to the continent's growth and health.

New Africa Infrastructure Fund Forms With Initial Commitments of US $550M

A. P. Moller Capital (www.APMoller.com) of Copenhagen, Denmark, is partnering with PensionDanmark, PKA and Lægernes Pension to form the first of a new series of funds focusing on infrastructure investments in emerging markets. The first of these, one focused on Africa, was just announced by the investment group.

Mpame Bridge Project in South Africa To Transform Way of Life for Many

The R10-million Mpame bridge project under construction in South Africa is expected to make a major difference in the business and personal lives of many in the Mbashe municipality. The Minister of Cooperative Governance and Traditional Affairs (CoGTA), honourable Des van Rooyen will be visiting the region to determine progress on the project on August 15.

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