Newsfeeds Africa Business Communities

1. General Electric appoints Jaime Morais as Angola Country Leader

   General Electric has announced the appointment of Jaime Morais as the Country Leader for GE in Angola.

2. [Kenya] Magana Flowers targets new markets and customers in rebrand

   Kenya flower grower and exporter Magana Flowers has announced a series of business realignments as it rebrands in time for its 25th birthday.

3. Argus partners with IFDC to promote transparency in Africa fertilizer sector

   Argus has signed a collaboration agreement with the International Fertilizer Development Center (IFDC) that will improve access to information regarding the traditionally opaque and complex African fertilizer sector.

4. AfDB and partners launch facility to connect 320 million Africans to digital financial services

   The African Development Bank and its partners have launched the Africa Digital Financial Inclusion Facility designed to aid safety and expansion of digital financial transactions in Africa.

5. Seychelles edges closer to realizing floating solar energy project

   Implementation of Africa’s first independent power producer floating solar photovoltaic (FPV) project is continuing in the Seychelles.

6. AgDevCo announces first investment in Kenya

   In partnership with Root Capital, AgDevCo is pleased to announce its first investment in Kenya, where its providing a US$5 million facility to a market-leading consortium of macadamia processors and exporters.

7. Equity Bank enters Ethiopia, set to commence operations in July

   Kenyan headquartered Equity Bank has set up a Commercial Representative Office in Addis Ababa, Ethiopia, as it prepares to commence operations come July this year.

8. Lukoil enters hydrocarbon production project in the Republic of Congo

   Russian oil and gas company Lukoil has concluded an agreement with New Age M12 Holdings to acquire a 25% interest in the Marine XII license in the Republic of Congo for $800 million in cash.

9. Africa to benefit from OFID's approval of US$580m for operations in developing countries

   OFID, the OPEC Fund for International Development, has approved more than US$580 million of new funding to benefit developing countries across the globe, including Africa.

10. OPIC Board approves $87 million Lekela BOO Wind Power Plant Project in Egypt

    The Overseas Private Investment Corporation (OPIC), approved $87 million in financing to Lekela Egypt Wind Power BOO S.A.E. to support economic growth in Egypt through the development of critical power infrastructure.