Year 4 | Edition 1 | 11 January 2017
Dar es Salaam, Tanzania
Social impact bonds– an option to address Africa’s most pressing challenges
The number of foreign direct investments (FDI) projects into Africa increased by 6% in 2015, according to the FDI report 2016. Africa also recorded 156 more FDI projects than the Middle East in 2015, a figure that has widened by 98% compared with 2014...

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[Column] Bob Koigi: Why Africa’s neglected economic sectors will be our saving grace in job and wealth creation

Kenya leads African counterparts in successfully absorbing majority of its population into the job market and although the labour force is on track to increase dramatically over the coming decade, creating a job market that comfortably accommodates everyone still remains a pipe dream...

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Seven predictions for South Africa’s economy in 2017

Research and market analysis firm Nomura is predicting a relatively quiet first half of the year for South Africa, but expects things to shake up in the second half of the year as the ANC’s elective conference comes into view...

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[Column] Maria Auma: My nuggets for the year 2016
This year has been such an amazing year for me in the various ventures I have been involved. I remember in January having alluded to “attracting what we are ready for”. Almost a year later I realize that indeed this is the case...

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Ingenico Group partners Interswitch to deliver best-in-class multichannel payment solutions to the Nigeria
Ingenico Group, leader in seamless payment, announced that a strategic partnership has been signed with Interswitch Nigeria Limited, the leading transaction switching and electronic payment processing company in Nigeria.

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[Algeria] Marriott International extends footprint in Algeria with new hotel

Diversified hospitality company Marriott International, Inc has announced further expansion in Algeria with the opening of its seventh hotel in Algeria, Sheraton Annaba...

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SEFA to support Tanzania in establishing a Renewable Energy Investment Facility to finance rural energy access projects
The African Development Bank-hosted Sustainable Energy Fund for Africa (SEFA) approved a US $870,000 preparation grant for Tanzania’s the Rural Energy Agency (REA) to structure the Renewable Energy Investment Facility (REIF), which will provide affordable finance...

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Telkom Kenya makes management changes to align business with transformation agenda

Telecommunication company Telkom Kenya has made a raft of changes in its management as part of a broader strategy to strengthen the telcos’ operational and service excellence, drive ongoing growth and technological leadership while aligning the business with its transformation agenda...

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[Egypt] Housing and Development Bank extends branch portfolio to 70

The Housing and Development Bank (HDB) increased the number of its branches to 70 by the end of 2016, after the inauguration of the latest branch in Port Said as the bank seeks to grow its foothold in the region and continent...

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Tanzania earns $11 million from the ballooning gaming industry

Tanzania continues to enjoy the robust growth of the gaming industry in the recent past with the government having now pocketed $11 million in the 2015/2016 fiscal year compared to $7 billion the previous year...

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SEFA grants USD1m to prepare community-owned hydropower project in Kenya
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $992,000-grant to support the preparation of 7.8-MW hydropower project (HPP) in Kenya...

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[South Africa] Fastjet cedes 28 per cent stake to Solenta

Budget airline Fastjet has decided to sell 28 percent stake to South African carrier Solenta. The low cost carrier would also raise at least $28.8 million through a share placement...

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[Cameroon] Entry of ACAM Vie insurance shakes up and redefines industry

The entry of insurance company Assurance du Cameroun Vie, in short ACAM Vie has shaken the industry while promising better days for individuals and companies.

The company that received approval in November last year by the Ministry of Finance after favourable recommendation of the Regional Insurance Audit Commission from...

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Postal and Telecommunications Regulatory Authority of Zimbabwe sets minimum charges for voice and data

Telecommunication regulator Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has set floor prices for voice and data for bundled services including promotional packages...

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Egypt introduces first bankruptcy law with eye on increased investment

Egypt has introduced the country’s first bankruptcy law which among others seek to minimize the need for individuals or companies to resort to courts while abolishing imprisonment in bankruptcy related cases. This, as the country looks to economic reforms with a view to encouraging investment...

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Nigerian National Petroleum Corporation releases list of official oil suppliers for the year 2017/2018

The Nigerian National Petroleum Corporation (NNPC), has released the names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018.

The Group General Manager, Crude Oil Marketing Division NNPC, Mele Kyari, in a statement said the contract would run for on...

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[Angola] The Savings and Credit Bank cements national foothold with two new branches in capital

The Savings and Credit Bank (BPC) has opened two new branches in Angola’s capital Luanda bringing its total to 444 branches spread across the country.

The opening of the two branches, Cerqueira Lukoki and Hospital Militar, aims to optimize the distribution channels and improve...

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Kenya Airways in codeshare agreement with Hong Kong Airlines for daily flights

Kenya’s national carrier Kenya Airways has inked a codeshare agreement with Hong Kong Airlines to help improve connectivity and access in Asia.

The agreement on the Bangkok-Hong Kong route will see Hong Kong Airlines load Kenya Airways flight code on the...

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Nokia and Ooredoo Algeria achieve transmission rate of 1TPS in Africa’s first field trial of new optical technology


[Nigeria] UBA launches first merchant app for MSMEs


[Nigeria] First Bank increases mobile app transfer limit to N1m


[South Africa] Oil Trader Gunvor Suing Cerberus Over Failed Chevron Bid


Kenya considers producing oil from coal to cut imports


[Egypt] Chad Ratifies Afreximbank Establishment Agreement


Data Science Nigeria holds e-Learning bootcamp for young scientists


Priority Women’s Land Rights Initiatives to be Launched at Convening in Ghana


Investments in telecoms hit $68bn in Nigeria


European Investment Bank confirms $97 million support for East African entrepreneurs in 2016


[Zimbabwe] George Manyanya appointed NetOne Public Relations and Special Projects Executive


[Ghana] UT Bank resumes trading at the bourse after hiatus


[Zimbabwe] CBZ Holdings suspend use of visa cards for local transactions on cash crunch


Global aviation safety rating: Nigeria steps up another notch


[Nigeria] SEC, Central Bank issue guidelines for securities settlement


Algeria looks to cement self-sufficiency with new production plant


[South Africa] Bauba reopens chrome mine on improved prices


[Rwanda] Central Bank steps in to tame rising bad loans


Sierra Leone invests $11 million in upgrading electricity network


[Zimbabwe] Local tyre manufacturers decry foreign currency shortage, warn of ripple effects

Africa Business Communities is looking for Partners
Africa Business Communities is preparing for a great 2017.

We are welcoming partners to help us develop some more than interesting new activities.

In addition to our Africa Business Communities website – - we will launch several spin-off websites, that will be both country platforms and related platforms.

We invite you and your company to join us as our partner.

As partner you will benefit in many ways:

• You can advertise on our websites and in our newsletters

• You can send Direct Mail campaigns that will reach many thousands of business professionals in or related to Africa

• We will publish your company content: articles, interviews, columns, reviews, your offers and propositions…

• We will help you with recruiting anywhere in Africa

• We will promote your business events

• We will send your press releases to thousands of journalists in Africa – and write them for you if so wish

• We will generate business leads for you

• We will connect you to just about anyone in business in Africa that you want to be connected to

In fewer words; we will help you meet your communication needs, marketing ambitions and sales targets.

We offer partnerships starting from as little as 1000 euros per year.

Read all about Africa Business Communities here:

Are you interested in a partnership?

Then we would love to hear from you.

Please send an email to Bas Vlugt, founder of Africa Business Communities

We wish you great business in 2017

The Africa Business Communities Team

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2017 IEEE PES PowerAfrica Conference | 27-30 June Accra, Ghana

Meet researchers, executives, industry leaders, regulators, investors, and participants from ICT, energy, power & utility industries

Welcome to the 2017 IEEE PES PowerAfrica Conference coming to Accra, Ghana, June 27-30, 2017. IEEE Power and Energy Society (PES) offers this premier international forum on advances...

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Africa Business Portal Network Membership | Offer for Africa Business Communities members
Are you an African company looking to trade with U.S. Companies, import U.S. goods or attract U.S. investors?

Or are you a U.S. company interested in exporting, expanding or investing in Africa?...

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AFRIKA KOMMT! 2016-2018 Fellowship Program is open for applications
AFRIKA KOMMT! is an initiative of leading German enterprises for future leaders from Sub-Saharan Africa. The fellowship program aims at highly qualified young professionals and junior executives from countries in Sub-Saharan Africa with several years of work experience...

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Complimentary report on Africa’s transport infrastructure and maintenance

Road authorities and project owners are dedicating their largest budgets to date to address the poor state of their key infrastructure which continues to hamper the speed and confidence of Africa’s ongoing development efforts.

Through a wide range of domestic and international funding measures, Africa is poised to achieve a vast improvement in the quality and reach of its underdeveloped road networks, with new plans emerging as investor confidence in the sector rises...

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Join any of our 180 Africa LinkedIn Groups

Africa Business Communities manages 180 LinkedIn Groups. These groups cover every country and every industry on the continent.

Please feel free to join any of these groups and be part of the African conversation...

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Complimentary Report: Major Airport Projects in Africa
Government authorities and developers are investing billions of dollars in dozens of airport expansion and rehabilitation works across Africa. Plus, air travel across the continent is predicted to experience a massive surge which will continue to fuel the industry’s expansion.

In light of this, we have put together a report on State of the Market: Major Airport Projects in Africa highlighting the key airport expansion and construction projects currently happening across Africa...

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Do you want to advertise on our website and in this newsletter?

Advertising in this newsletter makes you reach over 10,000 C-level Executives, General Managers and Company Owners operating in Africa.

Publishing your content in our LinkedIn groups will give you access to over 1 million top business professionals like yourself.

If you think this might be interesting to your company or organization, just drop me a line...

Bas Vlugt
Founder Africa CEO Network

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And don't forget to send us your press releases

We'd love to publish your press releases.

Please send them to:

OK, you don't send press releases but you want to. Now what?

In that case, drop me a line too. We are good (promise):

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Africa CEO Network NEWS is a publication of Africa Business Communities
Publisher/Editor in Chief: Bas Vlugt

Editors: Linda Larbie, Afia Owusu-Nyantakyi, Andrea Ayemoba

Send your press releases to:

Africa Business Communities is a Digital B2B Publisher that enables companies and organizations to connect with African Business Professionals. Africa Business Communities supports doing business in Africa by recruitment services, custom media productions and market research. Africa Business Communities is the largest player on LinkedIn in Africa.

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