New East African railway launched
28/11/2013Kenya has formally launched a new, Chinese-financed railway which should extend across East Africa to reach South Sudan, DR Congo and Burundi. The first section will link the Kenyan port.
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Samsung Offers Smart Business Solutions To Zimbabwean Government
26/11/2013Multinational tech giant, Samsung Electronics has partnered with Zimbabwean Lines Products and Services (LPS) to provide business-to-business (B2B) and government solutions across the Southern African country. The new partnership involves.
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Development Stories
Google Announces Project To Boost Internet Connectivity In Uganda
25/11/2013US tech giant Google, today announced Project Link, an initiative to connect Internet service providers (ISPs) in Kampala, Uganda to a metro fiber network to boost connectivity and internet speed.
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Development Stories
Nigerian teachers honored by Microsoft for innovation
25/11/2013A school and three teachers from Nigeria were nominated amongst the world’s best as part of Microsoft’s 2014 class of Mentor Schools and the Inaugural Class of Expert Educators this.
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Development Stories
Ethiopia Secures $1.26bn To Strengthen Regional Energy Push
18/11/2013Ethiopia has secured a syndicated $1.26bn fund for an Ethiopia-Kenya high-voltage transmission line, due for completion in 2015, with the economic spillovers expected to benefit neighboring countries. The project is.
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Development Stories
Ethiopian Billionaire Al Amoudi Bankrolls $3.4m Space Observatory
18/11/2013Funded buy billionaire, Mohammed Hussien Al Amoudi, the Ethiopian Space Science Society (ESSS) has established a $3.4 million space observatory in Addis Ababa, to enhance the country’s knowledge of the.
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Development Stories
African Development Bank (AfDB) Grants Namibian Port $338m Loan
15/11/2013In keeping with its 10-year strategic focus on infrastructure development, the African Development Bank (AfDB), this week said it had approved a R2.9 billion ($338m) “sovereign guaranteed” loan to Namibia.
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Ethiopia Generates $700m From Grains, Oilseeds And Spices Export
15/11/2013Ethiopia Minister of Trade, Kebede Channie, on Thursday said the East African nation has generated $700 million from the export of grains, oil seeds and spices during the last fiscal.
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Development Stories
Actis To Invest $220m In 3 Cameroonian Power Assets
13/11/2013Private equity investor, Actis Capital LLP has signed an agreement with American energy giant, AES, to acquire its stake in three power assets in Cameroon for $220 million. The deal.
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Development Stories
Access Bank To Invest $18m In Nigeria’s Tourism Sector
05/11/2013Access Bank Plc has earmarked N3 billion ($18.8 million) to support tourism and hospitality in Nigeria, said Obeahon Ohiwereian Executive Director with the bank, The lender joins the league of.
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