Ford Motor Co announced 17 new vehicles for Sub-Saharan Africa on Thursday, as carmakers jostle for position in one of the last major markets where potential growth remains largely untapped. The models, among 25 to be introduced by 2016 in a broader product offensive across the Middle East and Africa, draw on the U.S. auto […]
Ford unveils new models for Africa as it eyes big untapped market Read More »
East Africa is one of the fastest-growing markets for beauty products and as tastes get more discerning local and international companies are cashing in. With East Africa’s middle classes developing a taste for high-quality personal care and beauty products, international cosmetics companies like L’Oréal and homegrown ones like Kenya’s SuzieBeauty are rushing to cash in on this fast-growing market.
Africa’s Beauty brands primped for profit Read More »
ANALYSIS: Subsistent farmers in rural Tanzania can now use mobile phones to access vital information that helps them increase their harvest. The service has helped bridge the information gap. Farmers in the remote village of Magole, located 288 km (179 miles) from Tanzania’s commercial capital Dar es Salaam, have been trying in vain to increase food
Tanzania: Mobile Phones Help Farmers Boost Yields Read More »
Nairobi — Barclays Bank of Kenya (BBK) has invested Sh26 million in “Light up Kenya” an initiative aimed at moving more than 100,000 rural establishments to solar energy. The first phase of this initiative will be implemented in partnership with the Kenya Girl Guides Association. The project is benchmarked on statistics that indicate that only
Kenya: Barclays Lights Up Kenya in Sh26 Million Solar Initiative Read More »
The investment company formerly known as Citadel is putting more cash in Rift Valley Railways. Qalaa Holdings, the Egyptian investment fund previously known as Citadel Capital, may have a new name, but it has not lost its appetite despite some tough moments after the 2011 uprising.
Egypt’s Qalaa backs East Africa’s railway line Read More »
The AU Commissioner for Economic Affairs, Anthony Maruping, told journalists in Malabo on Monday that the Fund would work to correct balances of payment positions across Africa. He said such positions were mainly caused by low export of commodities and high import volumes which exerted negative burden on currency stability. The AMF would be established
Africa: AU Summit Approves Creation of African Monetary Fund Read More »
Beijing — In July, nations known as the “BRICS,” Brazil, Russia, India, China and South Africa, announced the creation of a new, $100 billion development bank (NDB). The project is aimed at lending money to developing nations for investments, much like how the American and European-backed International Monetary Fund (IMF) and World Bank operate. Liu
Africa: BRICS Launches New Development Bank Read More »
Maputo — “Your granary will never be filled by your neighbour.” This is a Mozambican saying that was used by Graca Michel, member of International Panel of Elders and a former Mozambican minister of education, to illustrate the point that Africa cannot rely on outside help to achieve food security.
Africa: Grand Vision for an African-Owned Drive on Food Security Read More »
E-commerce in Africa is set to receive a boost as United Bank for Africa (UBA) Plc has introduced an online payments and collections platform tagged U-bills. The online payment platform has been enabled in all the 19 countries where UBA has operations.
UBA Launches One-Stop E-Payment Portal Read More »
The Yabelo-Mega road that connects Ethiopia and Kenya has been inaugurated and is open for traffic. Speaking at the inauguration, Ethiopian Minister for Transport, Workneh Gebeyhu, said the road is one of several many projects underway in the country aimed at linking Ethiopia with its neighbors through infrastructure.
Kenya: Road Connecting Ethiopia, Kenya Opens for Traffic Read More »
