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About 7,167 poor and food insecure rural households in Rwanda will benefit from a new $24.7 million project that aims to improve food and nutrition security, climate resilience and raise incomes by increasing production. The financing agreement for the Kayonza Irrigation and Integrated Watershed Management Project – Phase 1 (KIIWP1) was signed on 22 June by Gilbert F. Houngbo, President of the International Fund for Agricultural Development (IFAD), and Gerardine Mukeshimana, Minister of Agriculture and...

Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies, has released the results of its 2019 Cost of Living survey, ranking cities around the world. Mercer’s 25th annual Cost of Living Survey finds that a number of factors, including currency fluctuations, cost of inflation for goods and services, and volatility in accommodation prices, contribute to the overall cost of expatriate packages for employees...

Telecom Egypt, Egypt’s first integrated telecom operator, and Juniper Networks, a leader in secure, AI-driven networks, have signed a Memorandum of Understanding (MoU) further cementing Juniper’s position as a strategic technology provider for Telecom Egypt. This MoU will highlight the companies’ intent to scope the Egyptian business landscape for shared opportunities to provide IP-based, high-performance networking solutions to enterprises. Telecom Egypt will also have the option to become an authorized resale partner of Juniper’s technology...

With the aim of reducing the financial inclusion gender gap in Kenya, Stanbic Bank has today launched a Value Proposition for women dubbed D.A.D.A. that will provide essential financial and non-financial services that Kenyan women need to grow. In addition, a kitty of KES 20 billion has been set aside by Stanbic Bank to specifically lend to SMEs in Kenya between now and 2020. “DADA”, acronym for ‘Dare to Aspire Dare to Achieve’ is tailored to help women...

South Africa, Nigeria, Kenya, Egypt and Morocco hold some of the most active tech hubs in Africa, with the total number of these hubs in Africa having grown to 442 in 2018, a 50 per cent increase since 2014. This according to The Managing Director: Central Africa at SAP Africa, Pedro Guerreiro who further added that the trailblazers have managed to lay the foundation for what looks set to become one of the defining urban...

12 African startups that that were taking part in Google’s Launchpad Accelerator Africa programme have graduated in Lagos. This third class, which started on 1 April 2019, involved startups from six African countries – Egypt, Kenya, Nigeria, Senegal, South Africa and Uganda. Of these 12 startups, 6 have female co-founders and 9 are either AI-enabled or have AI potential. All of the teams participating in Class 3 have been trained in machine learning technologies and are implementing...

The NSE in partnership with Geopoll, Kantar, Brand Leadership and Africapractice, hosted Brand Africa’s announcement of the Most Admired Brands in Kenya. The list, the 7th annual Brand Africa 100: Africa’s Best Brands, is based on the comprehensive pan-Africa survey of the most admired brands among African consumers. In the Kenya and regional results, which are dominated by non-African brands, Coca Cola was recognized as the overall Most Admired Brand in Kenya. Safaricom leads as...

The State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO) and the African Development Bank have signed two agreements to fund African initiatives on the sidelines of the Bank’s 2019 Annual Meetings.  SECO contributed 3 million Swiss francs to the Entrepreneurship Lab (E-Lab) for innovative young entrepreneurs and 200,000 Swiss francs to the Urban & Municipal Development Fund for Africa (UMDF), which helps African cities plan and manage urban growth and...

Over 400 women have signed up to Africa’s first online platform for female agripreneurs, launched at a trade fair in Nairobi.  The VALUE4HERConnect network will help bring women entrepreneurs in agriculture together in a virtual community and serve as an important business resource for members.  The network, which was launched at AWAN-Afrika’s first continental conference and VALUE4HER B2B fair, is part of a program led by the Technical Centre for Agricultural and Rural Cooperation (CTA)...

As Joule Africa enters the final stages in developing the Bumbuna II 143 MW hydropower project in Sierra Leone, the Development Bank of Southern Africa (DBSA), has committed US$4.9 million to finance remaining project development activities. Mohale Rakgate, DBSA’s Group Executive for Project Preparation, commented: “Bumbuna II is a critical energy infrastructure project for Sierra Leone which will help to reduce the country’s dependence on fossils fuels and emergency power by providing affordable baseload power for Sierra...