Orange’s Social Venture Prize seeks submissions

March 28 marked the opening of the 12th Orange Social Venture Prize in Africa and the Middle East (POESAM). Candidates can submit their applications until May 27. POESAM was launched in 2011. Over 11 previous editions, it has awarded around €555,000 to African business projects with positive social and environmental impacts in various sectors: health, education, e-commerce […]

Ecobank in big win at Global Finance Awards

Ecobank, the leading Pan-African Banking Group, has won five prestigious awards at the Global Finance Treasury & Cash Management Awards 2022, including Africa’s Best Bank for Cash Management and Africa’s Best Provider of Short-Term Investments/Money Market Funds. In addition, Ecobank Cameroon, Ecobank Côte d’Ivoire and Ecobank Kenya were all named Best Treasury & Cash Management […]

Kuwaiti company to provide services at Liberian airport

The Liberia Airport Authority has awarded an exclusive ten-year ground handling management contract to Kuwait-based National Aviation Services (NAS), the fastest growing aviation services provider in the emerging markets. Under the terms of the cooperation, NAS will provide comprehensive ground handling services at the Roberts International Airport (ROB) airport in Liberia. This includes passenger handling, […]

Africa: New payment service launched in 19 countries

United Bank for Africa (UBA) and leading Pan-African payments company Cellulant have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which UBA operates. These countries include  Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso, Cameroon, Chad, Congo, the Democratic Republic […]

Global arms trade falls slightly

International transfers of major arms saw a slight drop between 2012–16 and 2017–21 (–4.6 per cent). Nevertheless, exports by the United States and France increased substantially, as did imports to states in Europe (+19 per cent), East Asia (+20 per cent) and Oceania (+59 per cent). Transfers to the Middle East remained high, while those to […]

Africa: 2022 oil, gas market trends, vision and focus

A lack of adequate investment in exploration, production and transmission infrastructure continues to disrupt energy markets growth across Africa, highlighting the need for leading and emerging African hydrocarbon producers to establish capital attractive regimes that can help increase the participation of investors and international majors for industry expansion. In an exclusive interview with the African […]

UN reports on benefits of digital revolution in Africa

The digital revolution currently underway in Sub-Saharan Africa offers enormous potential for economic growth and agricultural productivity. Coastal countries benefit from fast internet, thanks to undersea cables, and 4G mobile networks are expanding rapidly across the continent. Kenya’s capital, Nairobi, is referred to as the “Silicon Savannah” of Africa because of its buzzing digital economy. […]

Liberian Vice President talks tourism in Belize

Liberia’s vice president has called for economic cooperation between Liberia and Belize in the tourism Industry. Chief Dr. Jewel Howard-Taylor made the call when she paid a courtesy visit on the Prime Minister of Belize John Briceno on Friday She commended the leadership of Belize for maximizing its potential in the tourism sector. She also […]

Team-Energy Africa Initiative launched

The African Energy Chamber (AEC), in partnership with the United Nations (UN) Economic Commission for Africa (ECA) and the Secretariat of Sustainable Energy for All (SEforALL), held the soft launch on Thursday for the Team-Energy Africa initiative, aimed at mobilizing private sector financing for accelerated clean energy deployment across Africa. During the launch – which […]

Ukraine: Liberia moves to ensure its citizens’ safety

Liberia is engaging in frantic diplomatic efforts to ensure the safety and well-being of its citizens in Ukraine, including about 200 students. The Liberian government, through the Ministry of Foreign Affairs, has requested Ukraine’s neighbors, Poland and Hungary, to grant safe passage and humanitarian assistance to Liberians who reach their respective borders fleeing the Ukraine-Russia […]