Home Business and Trade

Business and Trade

AfDB Debars Company and its Managing Director for Fraudulent Practices

The Office of Integrity and Anti-Corruption of the African Development Bank found the company and its Managing Director to have engaged in several fraudulent practicesABIDJAN, Ivory Coast, January 23, 2019/ -- The African Development Bank Group on January 23, 2019, announces the debarment of ALG Global Concept Nigeria Limited, a construction company registered in Nigeria and...

Making access to credit and loan repayment available to anyone, anywhere

Pocket Money has come up with a marketplace that offers a multi-layered solution that ensures that the borrower is introduced to various potential lendersKAMPALA, Uganda, May 13, 2019/ -- Over the past few years, there has been a proliferation of new fintech models, offering alternative financial solutions to the conventional set-ups, more so in...

Kenya Elections Chaos: Rwandan Drivers to get compensated, court ordered

The High Court has ordered the Kenyan government to pay 16 Ugandan and Rwanda companies Sh6.3 billion as compensation for the goods they lost during the 2007-2008 post-election chaos. Justice Msagha Mbogholi made the landmark ruling on Friday, which is the single largest award ever made in the post-election chaos cases. The multi-billion award will also benefit drivers who were ferrying...

Angolan President leaves France with more than $ 1.16 billion investment agreements

Angola will benefit from an investment portfolio of more than $ 1.16 billion, Angop news agency reported on Wednesday. According to information published by the media, this amount obtained from several economic partners, after the visit of the Angolan president in France, will be invested in several sectors such as agriculture, trade, oil, and Training. Thus, $ 116.6 million should be...

Ghana and Rwanda urged to collaborate in production of tyres

Ghana's Dr Frannie A. Léautier, Chief Operating Officer, Trade and Development Bank, on Friday urged Ghana and Rwanda to collaborate in the production of lorry tyres as part of efforts to accelerate Africa’s socio-economic development. She said rubber produced in Ghana combined with cow fat produced in Rwanda could produce high performing car...

VW announces plan to start assembling vehicles in Ghana

Volkswagen and Ghana have signed a memorandum of understanding with a view to establishing a vehicle assembly facility in the African country. Thomas Schaefer, managing director of Volkswagen South Africa and head of the Sub-Saharan region for the German brand, signed the memorandum with Alan Kyerenmaten, Ghana’s minister of trade and industry, in the presence of Angela Merkel, chancellor of...

Equatorial Guinea to host AfDB’s 2019 Annual Meetings in Malabo

The Bank’s Annual Meetings represent a unique opportunity to discuss challenges and ways to advance the continent’s regional integration agendaABIDJAN, Ivory Coast, March 4, 2019/ -- Equatorial Guinea will host the African Development Bank’s next Annual Meetings in June 2019, following the signing of a memorandum of understanding between the two parties. The Annual Meetings...

VIDEO: ENAS, USAID launch Post harvest Storage and Grain Drying Facility in Kirehe

Efforts to reduce post-harvest losses still faces grave challenge with reports indicating that at least 15 per cent of the produce is lost before reaching the consumer. The losses, which have continued despite investments by the government and donors to address the challenges over years, pose a threat to the livelihoods of smallholder farmers.

Seven challenges to media development

Media scholar Christoph Spurk shares his knowledge about the major challenges currently facing media development organizations working in developing countries. 1. Authoritarian rule In many developing countries, democracy is formally established but political elites and authoritarian rulers control power beyond the influence of the majority of people. So, instead...

EgyptAir begins new service to Rwanda’s Kigali as carrier eyes African expansion

Egypt’s flagship carrier EgyptAir will start flying to Rwanda’s Kigali twice weekly, it said on Saturday. “The national carrier of Egypt has put in place ambitious plans to expand to the strongly rising countries in Africa, such as Rwanda, one of Africa's new hubs,” Ahmed Adel, the chairman and...

Rwanda hosts African Aviation week

Under the patronage of the Government of the Republic of Rwanda and in partnership with RwandAir, a dedicated African Aviation Week championing best practices, market liberalisation and world-class safety standards across the continent will take place in Kigali from 10-14 September 2018. The initiative is being promoted by Ground Handling International, the AviAssist Foundation and the AviaDev Africa Forum. The event...

ITANGAZO Rijyanye na Serivisi za TOPAFRICANEWS.COM

TOPAFRICANEWS.COM Ni Urubuga rw’Amakuru y’Afurika by’Umwihariko rwibanda ku makuru y’Abanyarwanda ariko agatangazwa mu buryo bunogeye Abasomyi. (adsbygoogle = window.adsbygoogle || ).push({ google_ad_client: "ca-pub-3452496356895288", enable_page_level_ads: true }); Urubuga Topafricanews.com rwemewe...

South Africa’s State-owned Oil Company Signs Deal to Explore Highly-prospective Oil Block B2 in South Sudan

South Africa’s State-owned Oil Company Signs Deal to Explore Highly-prospective Oil Block B2 in South SudanSouth Africa today signed an exploration and production sharing agreement (EPSA) with South Sudan for Block B2JUBA, South Sudan, May 6, 2019/ -- South Africa’s state-owned oil company Strategic Fuel Fund (SFF) will own and operate Block B2; In 2018, South Africa...

Access to information in MFIs, headache to Journalists

A Study conducted by TOPAFRICANEWS has shown that most of the news articles published in media about services, performances of the banking Sector especially Microfinance institutions (MFIs) are coverage of meetings or Press releases announcing an annual profits or New Services as part of marketing strategies. However media are criticized for not reporting investigative stories about financial sector despite public...

Reba Imyanya 100 y’Akazi muri REB

100 Job positions at RWANDA EDUCATION BOARD: Data entry clerk/under contract( Deadline :25 October 2018) Job Description Recording of examination marks, To capture data for registered primary pupils 2018, S3 and S6 registered students 2018, to make verification of data captured Job Profile – Should have a bachelors degree in computer science – Should have bachelors degree in any field but with experience of...

RwandAir to start flights to Addis Ababa

The national carrier of Rwanda, RwandAir, is to launch flights to Addis Ababa Bole International Airport this summer.  CEO of RwandAir, Yvonne Manzi Makolo told The Reporter that RwandAir will soon start operating a five weekly flight between Kigali and Addis Ababa. “We are looking at connecting the Kigali hub to Addis Ababa. We...

South Sudan signs Agreements to gain Technical Assistance to its Petroleum Sector

This technical assistance will support South Sudan in building an enabling environment for business and a world-class oil industry for the benefits of all citizens and investorsJUBA, South Sudan, January 30, 2019/ -- The Chamber will mobilize capacity building initiatives; it will work on reforms to boost an enabling environment...

Jambojet seeks approval to fly to 16 International routes including Rwanda

Budget airline Jambojet has applied for a license from the Kenya Civil Aviation Authority (KCAA) to launch scheduled flights to 16 International routes including Rwanda. KCAA published details of the license application in a gazette notice dated 15th February 2019. The new routes are all in Africa and...

AEC2018: Moving the Africa Free Trade Area agreement ahead with quick win solutions

The African Continental Free Trade (AfCFTA) area aims to create a single continental market for goods and services, with free movement of business persons and investments KIGALI, Rwanda, December 5, 2018/ -- A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the...

Kenya, Tanzania agree to effect single customs territory

Kenya and Tanzania have agreed to fully implement a single customs territory to fasten clearance of goods. The two states also struck a deal to fast track the harmonisation of domestic taxes, levies and fees in a bid to ease trade between them. This will come as good news for traders...

SPECIAL FOCUS ON

OUR NEWS STORIES