A delegation from the Arab Academy for Science, Technology and Maritime Transport today in Cairo visited Dr. Benedict Oramah, President of the African Export-Import Bank, for discussions on potential collaboration between the academy and the continental trade finance institution.
Merck, a leading science and technology company, today continues their commitment for the second year to empower infertile women in Uganda through improving access to information, health, change of mind-set and economic empowerment.
The Nigerian National Petroleum Corporation has renegotiated its deep offshore rig-rate from a staggering $580,000 to $164,000 per day, saving the country a 71.7 per cent cost of executing a similar operation in the past.
Benin, Guinea and Niger will benefit significantly from the development support provided by the African Development Bank Group (AfDB) following the Board’s approval to open offices in the three countries in order to strengthen its operational presence.
International express services provider, DHL Express, has published research highlighting the significant growth opportunity for retailers and manufacturers with an international online product offering.
The B Team and Safaricom has announced plans to create The B Team - Eastern Africa, a new not-for-profit initiative, created by regional business leaders to catalyse a better way of doing business for the wellbeing of people and the planet - and responding to the specific challenges and opportunities of the Eastern African market.
Caterpillar Inc has announced plans to consolidate its parts distribution centers in Isando, South Africa into a new parts distribution facility near Johannesburg at about 20 kilometers (12 miles) from the existing centers. The new facility is expected to become operational in the second quarter of 2017.
The tire market in Sudan is anticipated to cross $18.50 million by 2022, on account of recovering domestic demand, growing automobile sales and favorable government policies, according to recently released TechSci Research report, “Sudan Tire Market Forecast & Opportunities, 2022”.
The Securities and Exchange Commission (SEC) is in the process of unveiling higher standards for the securities industry in keeping up with the latest international development and to ensure the growth of the sector.
Kenyan economy is predicted to grow at 6.5 per cent in 2017 from an estimated 5.9 per cent last year driven largely by a historic spike in borrowing this year driven by government and private sector as the capping works itself out according to the latest forecast by Metropol Corporation.
Kenya’s Jomo Kenyatta International Airport has received category one status after a final assessment audit by the US Federal Aviation Administration which now means that Kenyans can now fly directly to the United States after waiting for eight years.
The Kenya Electricity Generating Company (KenGen) has announced plans to sell 351 million shares equivalent to a 5.33 per cent stake to a South African pension fund, Public Investment Corporation SOC Limited.
The Common Market for Eastern and Southern Africa (Comesa) is working towards improving investment opportunities in the region by offering better protection to the business community against any violations relating to the regional integration agenda.
American carrier, Delta Airline, has disclosed arrangements to air Nigerian movies, popularly known as Nollywood, on-board its international flights, including those between the United States and Nigeria.