Northern Ireland based Devenish Nutrition invested $2.25 million to acquire 42% stake in the capital of Kenyan agribusiness Sidai Africa Ltd in the framework of its growth strategy in emerging markets. In 2018, Devenish was granted an €11 million credit line by the European Investment Bank for its expansion in many regions, Africa included.   Sidai Africa Ltd, which deems the...

Thousands of people in South Sudan have received relief from a food security project which is addressing the nation’s severe food and nutrition needs. The South Sudan Short-Term Regional Emergency Response Project (STRERP) was launched in December last year by the government with a $43.57 million grant from the African Development Bank. The World Food Programme is implementing the...

The African Union Development Agency-NEPAD in partnership with the German Government and the South African Department of Higher Education and Training (DHET)launched the Funding Window I, a call for proposals for large skills development investment projects proposed by domestic training entities in partnership with companies under the Skills Initiative for Africa (SkillsAfrica.org). This is...

Three partnership agreements were signed by Egypt and Côte d’Ivoire during the visit of Abdel Fattah Al-Sissi, Egypt’s president, in Abidjan yesterday April 12, 2019, in the health, culture and IT sectors. During the signing ceremony, Alassane Ouattara, president of Côte d’Ivoire invited Egyptian entrepreneurs to take advantage of incentives offered by his country’s investment code to...

Standard Chartered Bank reached an agreement with American authorities to refund the tune of $18 million to terminate a US financial law breach case involving its Zimbabwean subsidiary.    Indeed, some of the banking groups’ clients who were blacklisted by the US treasury department made financial transactions from the accounts lodged in Standard Chartered Bank Zimbabwe towards...

In 2018, the flow of official development assistance from the OECD zone toward Africa shrunk by 4%, a report published this week by the OECD reveals. According to the institution, this decrease was correlated to the reduction of refugee assistance because of the reflux of arrivals and changes in the official development assistance counting methodology. Year on year, humanitarian aid decreased...

During an advocacy ceremony in Johannesburg, South Africa, the African Union Development Agency-NEPAD gave awards to five distinguished African Youth Champions for their contribution to Africa’s progress towards the goals of Agenda 2063. On this occasion, five young Africans who won ‘#TheAfricaWeWant Youth Essay Contest’ were also announced.   Much discussion and interaction between...

AfricaOnline, subsidiary of Gondwana International Networks (GIN), announces the launch of its broadband internet service in Ghana. Baptised JOLA, the new offer relies on the connectivity provided by Avanti’s HYLAS 4 satellite. “We are proud to be the first to launch the Avanti HYLAS4 service in Ghana. Our rigorous testing over the past few months has given us the confidence that our...

The Uganda Communications Commission (UCC) just completed the renovation of five IT labs for the Uganda Institute of Information and Communications Technology. Via this Ush1.9 billion investment (according to pmldaily.com ), the communications commission wants to promote IT teaching in the country, reduce expenses dedicated to expatriated professionals and create jobs for nationals. According...

Côte d’Ivoire has signed a Partnership Agreement with Belgian firm SEMLEX for the development and operation of its National Natural Persons Registry. Concluded for a twelve months period, the agreement is for the whole solutions required for the Registry. This includes the software, remote platforms, the main production site in Abidjan and a backup site in the Grand-Bassam IT...