APO - Africa Newsroom

Source: Oakbay Investments Ltd |

Court Rules FIC Report and Jonas Affidavit Irrelevant to Gordhan Application

Oakbay calls again for information on 72 transactions

Ronica Ragavan, Acting CEO of Oakbay Investments (http://OakbayInvestments.co.za), responds to today’s events in Court: “We are delighted that the FIC report, Deputy Minister Jonas’s affidavit and any reference to either of them have been struck from the Finance Minister’s application. As the Court agreed, the report and the Jonas affidavit…

Source: EU Delegation to Kenya |

EIB to sign Ksh 10.45 billion financing agreements to support regional entrepreneurs

The event will be held at the Radisson Blu Hotel in Nairobi

The Vice-President of the European Investment Bank, Mr Pim Van Ballekom, is currently on an official visit to Kenya. As part of his visit, Mr Van Ballekom will sign financing agreements with Equity bank and its regional subsidiaries and with HFC bank. The event will be held at the Radisson…

International Road Transport Organisation (IRU)
Source: International Road Transport Organisation (IRU) |

Saudi Arabia takes steps to boost trade with TIR – the global customs transit system

The country’s accession to TIR will open new road corridors along the spine of the Arabian Gulf – transforming the trade potential of the region

The Kingdom of Saudi Arabia announced today its decision to accede to the global customs transit system for moving goods across international borders – the United Nations TIR Convention – (www.IRU.org/tir) and to make the system operational in 2017. Due to its strategic location, the KSA is the critical link…

Source: The Department of Trade and Industry, South Africa |

South Africa is UK’s Investment Destination

0% of British businesses are of the view that the Government should prioritise trade with South Africa

The Minister of Trade and Industry, Dr Rob Davies has arrived back in South Africa from London, United Kingdom where he attended the inaugural Commonwealth Trade Ministers meeting. Minister Davies says South Africa’s investor confidence received a boost with the release of the results of a survey by the Royal…

Venture Capital for Africa (VC4A)
Source: Venture Capital for Africa (VC4A) |

Innoventures launches “Startup Reactor” Fourth Cycle in Partnership with VC4A and SRI

Startup Reactor is a unique accelerator program designed to support innovative startups operating in several high-opportunity industries in Egypt

Innoventures (http://Innoventures.me) has just opened applications for the fourth cycle of its accelerator program ‘Startup Reactor’ in partnership with VC4A (https://VC4A.com) after a successful third cycle and its grand finale last December. The new cycle comes along with the launching of a new 30 million EGP venture capital fund which…

Source: Sage |

Sage Foundation launches $1 million Enterprise Fund to inspire innovation and change in Africa

The new $1 million fund is open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young people or women and girls

Sage (www.Sage.com/za), the market and technology leader for integrated accounting, payroll & HR, and payment systems, has today launched Sage Foundation’s Enterprise Fund (https://www.Sage.com/company/sage_foundation). The new $1 million fund is open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young people or women…

Source: Ministry of Foreign Affairs of the Republic of Seychelles |

Seychelles values its partnership with IFAD

Seychelles was represented by Ambassador Bernard Shamlaye, the Seychelles Governor for IFAD and its Permanent Representative, and Mr Michael Nalletamby, Principal Secretary – Fisheries and Agriculture

The International Fund for Agricultural Development (IFAD) organised the 40th session of its Governing Council at its headquarters in Rome, Italy, on 14th and 15th February. Seychelles was represented by Ambassador Bernard Shamlaye, the Seychelles Governor for IFAD and its Permanent Representative, and Mr Michael Nalletamby, Principal Secretary – Fisheries…

EnergyNet Ltd.
Source: EnergyNet Ltd. |

Energy Ministers from Uganda, Liberia and Democratic Republic of Congo to address investors at the 3rd Powering Africa: Summit

26 countries will be represented at the Summit to date, including 16 African countries

H.E. Patrick Sendolo, Minister for Energy, Land and Mines, Liberia, H.E. Hon Irene Muloni, Minister of Energy and Mineral Development, Uganda and H.E. Hon Pierre Anatole Matusila, Minister of Energy and Water Resources, Democratic Republic of Congo are the latest speakers to confirm attendance at the 3rd Powering Africa: Summit…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Activity in African capital markets shows significant decline in 2016 amidst economic uncertainty and global political upheaval: PwC report

On a sector basis, the financial services sector continued to dominate the African IPO market during 2016 with 45% of total value and 55% of total volume, followed by consumer goods and industrials with a total value of 31% and 13% respectively

2016 marked a challenging year for African equity markets in the wake of lower economic growth and political upheaval around the globe, largely as a result of the US elections cycle and the Brexit vote. African equity capital markets (ECM) broke a streak of three successive years of growth, recording…

Source: Federal Ministry of Industry, Trade & Investment, Nigeria |

U.S. Chamber of Commerce Hosts Nigerian Trade Minister as Both Agree to Work Together

Minister Meets with Trade Officials, State Department

The U.S. Chamber of Commerce’s U.S.-Africa Business Center Tuesday hosted the Nigerian Minister of Industry, Trade and Investment Dr. Okechukwu Enelamah (www.FMITI.gov.ng) for a roundtable discussion with U.S. business executives at their office in Washington, D.C. The conversation focused on enhancing trade and investment relationship between both countries. This comes…