Category: Business & Economy

Mobiclicks and SilverPush partner to launch automated TV sync platform in Africa – News

The Magnifi TV sync platform was launched in South Africa towards the middle of 2017 in a partnership with Mobilclicks, a leading mobile media company and its technology partner Silverpush. In the next phase of this collaboration Mobiclicks is leveraging the power of its technology partner, to deliver world class solutions in cross screen media […]

Business & Economy

SA: Huge to become first telecommunications listing on A2X

Huge Group’s shares have been approved for listing on A2X Markets from 10 April 2018. This  will make it the first telecommunications company to list on A2X. Huge will retain its primary listing on the JSE and its issued share capital will be unaffected by its secondary listing on A2X and its shares will be […]

Business & Economy

Get Permanet/Positive Review on Pagerank 4 Blog for $5

My blog is about news on almost any topic, as long as it’s interesting. I cover business, entertainment and lifestyle issues. Some of the categories are about music, movies, and products of any sort. The blog is intended to report interesting issues as well as humor stories whenever possible. The blog is updated daily. Blog […]

Business & Economy

UBA declares profit before tax of N105.3 billion

United Bank for Africa has announced its audited results for the financial year ended December 31, 2017, showing significant growth in the contribution and market share from its pan-African subsidiaries, among other positive trends in the financial performance. The pan-African financial institution’s audited results showed that gross earnings grew substantially to N462 billion, up by 20 […]

Business & Economy

Egypt achieves 800 oil & gas discoveries in 15 years

Egypt’s Petroleum Ministry achieved around 800 new oil and gas discoveries starting fiscal year (FY) 2001/02 and until 2015/16. During this period, the ministry achieved 520 crude oil discoveries, according to figures from state statistics agency CAPMAS. Fiscal years 2011/12 and 2012/13 saw the largest crude oil discoveries, with an average of 57 discoveries each […]

Business & Economy

CBN brain-minds to gather for 2018

The Nigerian central bank’s monetary policy committee will finally meet on Wednesday to set interest rates for the first time this year. Interest rates have been stuck at a record high of 14 percent since July 2016. However, the committee had to cancel its January meeting due to an inability to form a quorum following […]

Business & Economy

Baker McKenzie sees drop in financial deals in Africa, Middle East in 2018

Baker McKenzie’s Global Transactions Forecast, developed in association with Oxford Economics predicts that financial sector M&A in Africa and the Middle East will drop to US$9 billion in 2018, down sharply from US$29.5 in 2017. This higher amount in 2017 was the result of one megadeal that inflated 2017’s deal total: the US$14 billion merger […]

Business & Economy

Bank of Ghana cuts MPC rate to 18%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has reduced the Monetary Policy Rate (MPR) by 200 basis points to 18.0 per cent, citing plummeting inflation and stability of the cedi. This is the first time in the year the MPC has reduced the MPR since it was reduced to 20 per […]

Business & Economy

Ethiopian Airlines launches 3 flights to new routes in DR Congo and Madagascar

Ethiopian Airlines has launched three new flights to Kisangani and Mbuji Mayi in the Democratic Republic of the Congo (DRC) and Nosy-Be in Madagascar. The launch of the flights was announced by Group CEO of Ethiopian Airlines, Mr. Tewolde GebreMariam, at an inaugural ceremony attended by H.E. Prof. Alain Tehindrazanarivelo, Ambassador of the Republic of […]

Business & Economy

Absa lists NewFunds Low Volatility and Value Equity ETF

The Absa NewFunds Low Volatility and Value Equity ETFs have listed on the Main Board of the JSE. These listings bring to nine the total number of new ETFs to list on the JSE this year. The NewFunds Low Volatility Equity ETF is aimed at providing investors with diversified exposure to 20 highly liquid constituent […]

Business & Economy

Zimbabwe: Afreximbank to arrange up to $1.5b for investment promotion

The African Export-Import Bank (Afreximbank) will arrange between $1 billion and $1.5 billion of funded and guarantee facilities to support businesses interested in investing in Zimbabwe, Dr. Benedict Oramah, President of the Bank, has announced. Speaking on Tuesday during a special session on “Doing Business in Zimbabwe” at the Africa CEO Forum in Abidjan, Dr. […]

Business & Economy

Kenya cabinet approves Africa free trade treaty

The Kenyan cabinet has approved the Africa Continental Free Trade (AfCFTA) treaty for ratification. The Bill for ratifying the treaty, which was signed in Kigali, Rwanda, by 44 African nations, will be presented to Parliament within the next few days following its approval by Cabinet in its first sitting. The treaty will come into effect […]

Business & Economy

Africa’s premier investment marketplace to accelerate economic transformation

To help Africa find the path to its long-deserved economic fortune, the African Development Bank is championing the region’s premier investment market. The Bank is providing collaborative leadership for a new 100 per cent transactional initiative – the Africa Investment Forum (AIF) – which provides Africa’s best opportunity so far to encourage accelerated economic transformation. […]

Business & Economy

Spending on smart city technologies in Africa and M’ East to reach $1.26 billion – IDC report

Spending on the technologies that enable Smart City initiatives is forecast to reach $1.26 billion for Africa and Middle East region in 2018, according to the latest insights from International Data Corporation (IDC). In the first release of its Worldwide Semiannual Smart Cities Spending Guide, the global technology research and consulting firm provides a detailed […]

Business & Economy

British Council, YNaija to launch West Africa Arts Exchange

British Council in partnership with YNaija.com has launched the West Africa Arts Exchange (WAArtsExchange), a community of the talented artists from West Africa and arts lovers across the world. It will serve as a one-stop online destination for art enthusiasts interested in learning about the African contemporary art space as expressed by creatives aged 18-35. The West Africa Arts Exchange will showcase artistes working […]

Business & Economy

Hilton partners with Wessal Capital to build 150 room hotel in Rabat

Hilton will once again be welcoming guests to the Moroccan capital city of Rabat from 2022 after a landmark deal was signed with Wessal Capital. At a ceremony in Dubai, a management agreement for a 150 room Hilton Rabat to form part of the city’s Wessal Bouregreg project was confirmed. The Wessal Bouregreg master development […]

Business & Economy

IMF clears Nigeria from recession

Nigeria’s economy is exiting a painful recession, but policy implementation needs to move quickly and comprehensively to facilitate economic recovery and help the country reap its longer-term potential, says the International Monetary Fund (IMF) in its latest economic health check of sub-Saharan Africa’s largest economy. Growth in Nigeria recovered to 0.8 percent in 2017 after […]

Business & Economy

SimbaPay, Interswitch to launch Pan-Africa remittances chatbot

SimbaPay, a London based digital money transfer provider, has launched an Artificial Intelligence powered chatbot service which now makes International Money Transfer remittance possible with only an SMS. The SimbaPay chatbot will also enable 24/7 instant customer service for its customers across Africa and Europe. “We’re thrilled at the prospect of the chatbot service resolving […]

Business & Economy

GE Power and FieldCore restart production at Metahara Sugar Factory in Ethiopia

GE Power and FieldCore, the company’s independent field services execution arm, have successfully restarted Metahara Sugar Factory in Ethiopia, seven months after the plant was severely damaged by a major thunderstorm. The outage execution service of two steam turbines, which lasted 20 days, succeeded in bringing back the 5000-person workforce and solving sugar scarcity for […]

Business & Economy

Ethiopian Airlines introduces tech to save fuel and conserve environment

Aviation Partners Boeing, APB, has announced that Ethiopian Airlines has become the first operator in Northern Africa of its latest Split Scimitar Winglet technology. The first installation of the system was completed on March 20, 2018, at its MRO in Addis Ababa.  Ethiopian Airlines intends to install the Winglets on its fleet of Boeing Next-Generation […]

Business & Economy

IFC to create jobs, build SMEs and work with women in SA

IFC, a member of the World Bank Group, has committed to expand support for initiatives in South Africa that help address persistent challenges in job creation, especially for young people and women. In a speech to government officials and business leaders in Johannesburg, IFC CEO Philippe Le Houérou said IFC is ready to deliver expertise […]

Business & Economy

Port Louis ranked best city in Africa for expats in Mauritius

Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies, has ranked Port Louis the best city in Africa, according to their 2018 Quality of Living Survey. Port Louis is in 83rd place in the global rankings and number one in Africa. The Mauritian […]

Business & Economy

AfDB pledges full support towards success of Continental Free Trade Area

The African Development Bank celebrates with Africa and pledges its full support to achieve the success of the recently launched Continental Free Trade Area, as part of its strategy to help Integrate Africa. To accelerate trade facilitation, the Bank has invested more than $20 million over the past five years in trade agreement support, and […]

Business & Economy

Intertek renews contract with Nigeria for its SON Conformity Assessment Programme

Intertek, a Total Quality Assurance provider to industries worldwide, has extended its contract with the Standards Organisation of Nigeria (SON) to continue to manage its Conformity Assessment Programme (SONCAP) for exports to the country. The programme verifies the conformity of all regulated products entering Nigeria from the respective exporting countries within a range of sectors, […]

Business & Economy

Afreximbank pledges $25 billion for intra African trade

The African Export-Import Bank, Afreximbank, will disburse about $25 billion dollars in support of intra-African trade during the five years ending in 2021 under an Intra-African Trade Strategy it launched in 2016 in anticipation of the African Continental Free Trade Area (AfCFTA), Dr. Benedict Oramah, President of the Bank, has announced. Speaking during a special […]

Business & Economy

Transforming indoor theme park experience in Africa

African millennials are changing their consumer spending patterns, from markets to malls, where they can eat, socialize and get entertained at family entertainment centers apart from shopping. Virtual Reality (VR) the next big thing in electronic entertainment is all set to invade theme parks across Africa. Technology in the contemporary world has amassed heights only […]

Business & Economy

Business: Port Louis ranked best city in Africa for expats

Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies, has ranked Port Louis the best city in Africa, according to their 2018 Quality of Living Survey. Port Louis is in 83rd place in the global rankings and number one in Africa. The Mauritian […]

Business & Economy

Check out how much good Skype does for your business

Hosting a meeting, showing a presentation or holding a Q&A with Skype for Business is easy; attending someone else’s meeting is even easier. Here’s how to do it…. Read further

Business & Economy

Fidelity “Get Alert in Millions Reloaded’ rewards 12 customers with N13m

Fidelity Bank Plc on Friday rewarded 12 customers with N13 million in the fifth draw of “Get Alert in Million Reloaded” aimed at strengthening the culture of saving among Nigerians. Mr Nnamdi Okonkwo, the bank’s Managing Director, said in Lagos that the promo, the seventh in the series in the last 10 years, was instituted […]

Business & Economy

Promote your products or services on Medianet.info & reach a massive audience

Hello, We would like to inform you that we are promoting businesses on our website, www.medianet.info. To provide you with a little background on our site; Medianet.info is a diverse-content site having more than 40,000 unique visits daily and 200,000 pageviews daily from. Traffic is from many parts of the world as you can see […]

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