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Africa Business News

Central African Republic Tender and Business News

TerraPay and GIMAC Partner to Enable Instant Money Transfer in CEMAC Region

TerraPay, a mobile payments platform headquartered in the Netherlands, and GIMAC, the regional electronic money transfer platform of Central Africa, have signed a strategic partnership agreement that will allow instant cross-border money transfer to bank accounts and mobile wallets in Africa's CEMAC region.

IATA Launches Single African Air Transport Market Push

As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.

Civilians Now Targeted in Escalating Central African Republic Conflict

Amnesty International, the London-based human rights group, says deterioration of civil authority in the Central African Republic has made rape, torture, pillage, murder and forced displacement by the Union for Peace in Central Africa (UPC) rebel forces the new normal in many areas of the country.

How Ivory Smuggling Became Big Business in Central Africa

TRAFFIC, the wildlife trade monitoring network, published a new report on September 7, detailing findings from almost a decade of monitoring the ivory trafficking network. The report details a tragic history of how ivory smuggling in Central Africa became as lucrative of many international drug cartels.

New UN Report Defines Roadmaps to Help Africa Transform Its Economy

A new report prepared by the UN Population Fund (UNFPA) says Africa can transform its society into one recognized as prosperous and productive. To accomplish that, however, it will have to find a way to harness the energy and inspiration of the 60% of the continent's population who is currently under 25 years.

Special Seminar Held to Train African Civil Servants on Economic Planning

A special course was recently held on Industrial Policy in Africa, for civil servants from 20 African countries. Its goal was to strengthen the group's capacity in designing, implementing, monitoring and evaluating appropriate strategies to facilitate the structural transformation of the continent’s economies.

IAEA Study Shows Significant Water Resources Present in Drought-Stricken Sahel

The International Atomic Energy Agency, with headquarters in Vienna, Austria, has completed an extensive study of the drought situation in Africa. In a report published on May 29 on the analysis, the information shows significant reserves of good quality water are in fact still available in Africa's drought-prone Sahel region.

Central African Member States Agree on Telecom Governance and Cybersecurity Laws

The Central African Economic Community (ECCAS) member states have produced model and common laws covering telecommunications, cyber security and a regulatory framework that will help govern cross-border telecom interconnections. The agreement was completed with the support of the Economic Commission for Africa (ECA) and the International Telecommunications Union (ITU).

Norway Sends NOK 47 M to the Central African Republic

Norway announced the release of an additional NOK 47 million in aid to the Central African Republic. The announcement was made by State Secretary Tone Skogen during a donor conference in Brussels on November 17.

Dire Warnings But Also Hope as IUCN Environmental Congress Opens

A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.

More Help Needed to Deal with Food Insecurity in the Wake of El Niño

United Nations leaders said today that much more needs to be done to prevent further suffering, strengthen resilience and preserve livelihoods in the wake of El Niño's devastating effects worldwide. Africa was the worst hit, with 40 million of the estimated 60 million affected globally residing in East and Southern Africa.

RMB Reaches Nearly 40% Adoption Across Financial Institutions Worldwide

SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.

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