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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.

FAO and AfDB Collaborate on 'Desert to Power Program' in Africa

The Food and Agriculture Organization (FAO) and the African Development Bank (AfDB) have begun a new major collaboration initiative to help transform precarious situations in the desert part of Africa into developmental opportunities. It is called the 'Desert to Power program', and will be deployed to 11 countries including Sudan.

Senegal's InTouch 'Guichet Unique" Solution Coming to 8 African Countries

Senegal-based African fintech company InTouch (www.InTouchgroup.net) recently reached a deal with France-based Total, a global provider of oil, gas and solar energy solutions, and Worldline, a French e-payment service provider. The deal will bring rollout of InTouch's 'Guichet Unique" payment solution to eight African countries.

AfDB Unveils Somalia Infrastructure Fund (SIF)

Donors were recently briefed on the status of the new Multi-Partner Somalia Infrastructure Fund (SIF) by the African Development Bank. The session also included a look at AfDB's new Country Brief for Somalia.

South African Startup Rentorr Connects Landlords, Renters, and Contractors

Rentorr, a unique new startup based in South Africa which just began accepting early signups, connects landlords and potential renters through online software to make it safe to rent for landlords and easy to browse for potential lessees. It also connects landlords to contractor services to help maintain their properties.

Kenya Joins Empretec Network

Kenya is joining the Empretec network, a new United Nations's programme to promote entrepreneurship by building capacity for small businesses around the globe. The project has Jack Ma, the founder of Chinese ecommerce giant Alibaba -- and UNCTAD Special Advisor for Youth Entrepreneurship and Small Business, as a major backer and participant in the network.

Zambia Hosts AGCO-Sponsored Future Farm Forum for Young Agripreneurs

Delegates from 11 countries recently attended the the Southern African Confederation of Agricultural Unions’ (SACAU) Young Agripreneurs Forum to its Future Farm in Zambia for an in-depth three-day programme covering the business of agriculture and effective deployment of the latest equipment.

Burundi's Bujumbura Puts In Solar-Powered Streetlights from Gigawatt Global

With over 95% of Burundi's 11 million residents lacking access to electricity, there is a critical need for something innovative to help. Netherlands-based Gigawatt Global Coöperatief U.A., a multinational renewable energy company, is helping out by bringing solar-powered street lights to the downtown Bujumbura.

IMF Holds Week-Long Review with Mozambique, Comes Up Empty on Critical Data

Michel Lazare and a team from the International Monetary Fund (IMF) completed a detailed review with authorities in Mozambique from July 10-19, regarding the previous audit report of EMATUM, Proindicus and MAM public sector companies. The high-level review went well, but there is still concern that Mozambique still has not addressed major gaps in data requested by the IMF.

Three Agencies Pull Together to Fund Food Security in Rwanda and Tanzania

As a means to improve food security in Rwanda and Tanzania, the Washington, D.C. based International Finance Corporation (IFC) and the Global Agriculture and Food Security Program (GAFSP), a fund coordinated by the World Bank, are launching smallholder farmer financing programs with the United Nations World Food Programme (WFP).

African Innovation Foundation Award Winners Announced

The African Innovation Foundation (AIF, www.AfricanInnovation.org) just announced the prize winners for the 6th edition of the coveted Innovation Prize for Africa (IPA, http://InnovationPrizeForAfrica.org). Innovators from Egypt, Uganda and Liberia won the top three awards.

First Edition of Africa Data Revolution Report Published in Accra

The first edition of the Africa Data Revolution Report (ADDR), jointly published bythe Economic Commission for Africa (ECA), the United Nations Development Programme (UNDP), the World Wide Web Foundation and the Open Data for Development Network (OD4D), was just launched on July 19.

New Plan Rolling Out to Halt Spread of Fall Army Worm in Southern Africa

The fall army worm has expanded so rapidly in southern Africa that its presence is behind a cut in this year's regional maize harvest forecast by up to 10 percent. A new multi-part plan to increase surveillance and research to contain the worm may help push back the agricultural menace.

South and Central Somalia 'Back Online' After Three Weeks

Internet and data services to South and Central Somalia have just been restored, after previous damage to a major fiber-optic cable in the region for approximately three weeks. The owner of the cable, in partnership with the Fed

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