AFEX, Nigeria's leading commodities market player and the country's first private sector commodities exchange, has announced the reopening of its $240m (₦100bn) Asset-Backed Commercial Paper (ABCP) to help stabilize Nigeria's agriculture sector by offering Agro-processors low-cost financing to bridge...

Moody’s Corporationannounced today that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR). GCR is a leading credit rating agency in Africa with operations spanning the continent, including in South Africa, Nigeria,...

Afya Rekod, a Kenyan based company, today announced it has raised $2million in Seed funding, led by Mac Venture Capital. Mac Venture Capital is a US based seed-stage venture capital firm that invests in technology startups leveraging shifts in...

Bamburi Cement signed a Power Purchase Agreement (PPA) with an independent power producer, MOMNAI Energy, to set up two solar plants adjacent to the company’s Mombasa Plant and Nairobi Grinding Plant. The project which aims to save on power...

The Eritrean Ministry of Agriculture reported that date farming in the Northern and Southern Red Sea Regions is in good progress. According to the report from the Ministry so far over 20 thousand date palm trees have been planted...