Janngo, a digital backbone development company based in Abidjan, Cote d'Ivoire and Paris, just completed its first round of €1 million seed funding.
Tender and Business News
Land LayBy Ghana, a pioneer in the "buy-now, pay-tomorrow" land purchase system in Ghana and with offices in Australia and Kenya, a system which uses Blockchain technologies as part of its 'trust-building' solution set, is actively seeking Ghanaian advocates to help map out and acquire dead capital assets to be repurposed by Land LayBy.
Operating in partnership with CcHub, Facebook opened its NG_Hub in Lagos Nigeria, this week, its first flagship community hub space in Africa.
Greater Antananarivo, the capital of Madagascar, just received a $75 million International Development Association (IDA) credit from the World Bank, to improve urban drainage, selected public service upgrades, and climate resilience improvements for its urban poor.
To help support increased demand for Nigerian companies, Shell Nigeria Gas (SNG) Limited just released figures showing it had increased its domestic gas distribution capacity by 150% versus six months ago.
The Autograph Collections of Marriott International just added five African Pride Hotels to its portfolio. This marks a new era for African Pride Hotels via the rebranding, and the expansion of the Autograph Collection into South Africa for the first time.
According to Bowmans, a Pan-African law firm with a primary headquarters in South Africa, the East African economy has grown so much and matured so that large brand owners are taking to courts to protect their brands and other intellectual property.
Ecobank, headquartered in Lome, Togo, and already with 5 million downloads for its mobile financial app, landed the Retail Banker International group's Best Digital Strategy award at a special ceremony recently held at the Waldorf Hilton Hotel in London.
Kenya's new Computer and Cybercrimes law was just approved by Kenyan president Uhuru Kenyatta. It allows criminal charges to be brought against persons deemed to have "intentionally published false, misleading or fictitious data". Freedom House has come out strongly against the law as a means of controlling the freedom of the press.
In order to improve agricultural efficiency in Nigeria, the African Development Bank (AfDB) and the Government of Nigeria are partnering to increase availability of fertilizer in the country. The AfDB just authorized $100 million to help expand production via the Indorama Eleme Complex.
Cellulant, a digital payments provider based in Kenya currently serving 40 million people in 11 African countries, just landed a record $47.5 million Series C funding round.
Because of fraud and abuse allegations from refugees, the UN Refugee Agency, UNHCR, has temporarily suspended its refugee resettlement program in Sudan.
Somalia is establishing its first Internet Exchange Point (IXP) in Mogadishu (MogIX). The IXP is being set up in conjunction with the Ministry of Post, Telecom and Technology.
The European Union announced a 1 million EURO (Ksh 120,0000,000 million) grant for the Makueni County, Kenya, Mango and fruit processing plant. It is the first county to land an Instrument for Devolution Advice and Support (IDEAS) program grant.
The Newton-Mosharafa Fund, a UK-Egypt partnership which helps provide funding for scholarships, research projects and entrepreneurial backing for scientists, is launching its latest tour across Egypt to encourage applicants.
SGS, a company headquartered in Geneva which provides inspection, verification, testing and certification services, has been selected by REDAVIA, a solar energy equipment supplier in Munich, to implement its first renewable energy project in Ghana.
German technology group Voith opened a new East Africa hub on May 11, 2018, in Addis Ababa. From there it will be focusing on its active contribution to the development of new hydropower projects throughout the region.
His Excellency Mr. Muyeba Chikonde, Zambia's High Commissioner to the United Kingdom, has issued a challenge to the Zambian Business Community outside the country to establish a Diaspora Bond to raise capital for investment projects back home.
Robert Akika Ngong has been debarred from applying for loans and/or grants from the Africa Development Bank (AfDB) and other multilateral banks for a minimum of 36 months. This is based on fraud associated with a Bank financing request.
The Federal Ministry of Agriculture and Rural Development (FMARD), part of the Federal Government of Nigeria, has established a partnership with the Nigerian Agricultural Mechanization & Equipment Leasing Company (NAMEL) and John Deere Tractors, to improve farmers' access to mechanization and increase agricultural productivity.
SANRAL, the South African National Roads Agency, has issued a notice that construction work is currently taking place on the N2 between Toleni (km 15.5) and Ibika (km 44), from Mondays to Saturdays.
Mapcom Systems, a telecommunications service provider based in Virginia, announced a partnership with Paratus, a privately owned Namibian telecommunications operator, for ISP and OSP Management in Namibia.
The Gambian Supreme Court issued a decision on May 10 to declare the crime of criminal defamation unconstitutional. The Committee to Protect Journalists (CPJ) applauds that, but raised concerns about other segments of the country's criminal code on sedition and false news being upheld.
The green bond market, still accounting for less than 0.5% of the global bond market according to Moody's, is growing rapidly, especially in emerging markets most at risk of climate change. South Africa is already positioning itself as a leader in such funds.
The Commonwealth Countries in Africa will be showcasing their successes and challenges in recovering millions of dollars from criminal and corrupt officials, during the upcoming 8th Commonwealth Conference on Heads of Anti-Corruption Agencies in Africa.