Year 5 | Edition 3 | 17 January 2018
Volkswagen in Kenya
 
Volkswagen to double production in Kenya, explores second model

German carmaker Volkswagen is looking to double production in Kenya and to introduce a new model at its plant in Thika, Central Kenya, a huge boost for President Uhuru Kenyatta’s Big Four action plan.

VW South Africa head Thomas Schaefer told President Kenyatta at a meeting in the South African town of East London that the firm was exploring producing a second model in Kenya...



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[Column] Idowu Oyebanjo: 2017- A year of mixed fortunes for Nigeria’s power sector

2017 had its ups and downs and the power sector was no exception. The year started with a generally low mood in terms of the quantum of power generation available for distribution from none to a peak of 5,222MW on 18th of December, 2017...



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World Bank forecasts growth and increased investment in South Africa this year
According to new data published by the World Bank, South Africa’s economy is forecast to increase to 1.1 percent this year. This is up from 0.8 percent in 2017. Moreover, the Bank said that South Africa’s GDP is expected to...


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Gemalto to provide Ghana Central Bank with PURE payment technology
Digital security provider Gemalto is providing its PURE white-label payment solution to Ghana Interbank Payment and Settlement Systems, a subsidiary of Ghana’s central bank that manages...


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African Development Bank launches the 2018 edition of the African Economic Outlook

The African Development Bank is set to launch the 2018 edition of its yearly flagship report.. As a leading African institution, the Bank is the first to provide headline numbers on Africa’s macroeconomic performance and outlook...



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[Column] Dominique Collett: South African fintech in 2018 – what can we expect?
Fintech continues to surprise with little to touch the rise of bitcoin and cryptocurrencies in 2017. This will continue in 2018 and I make some predictions based on...


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Cote d’Ivoire unveils mobile money tax
A new tax of 0.5 percent has been introduced on money transfers made through telephone companies in Cote d’Ivoire or their intermediaries, and relates particularly to remittances, according to the 2018 Tax Schedule...


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Southern Africa seeks to drop roaming tariffs by 66%
Southern Africa’s telecom regulator is looking to implement a directive by regional ministers for the reduction of mobile roaming costs by 66 percent, BusinessWeek reported....


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Kenya Airways to make North American debut mid-4Q18
Kenya Airways (KQ, Nairobi Jomo Kenyatta) has announced it will make its North American debut during the last quarter of this year. The Kenyan carrier said daily non-stop flights between Nairobi Jomo Kenyatta and New York JFK...


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[Ethiopia] DEG invests $5million in M-BIRR mobile money service

Around 100 million people live in Ethiopia. More than three quarters do not have any access to banking services. The cashless money transfer and payment service, M-BIRR, provides an alternative to a bank branch by...



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South Sudan joins Africa Trade Insurance

In his New Year message President Salva Kiir Mayardit emphasized the need to build a peaceful, prosperous, secure, and stable South Sudan. The country’s now completed membership in the African Trade Insurance Agency...



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[DR Congo] Banro Corporation resumes operations at Namoya mine following months of closure

Canadian gold mining company Banro Corporation has resumed mining operations at Namoya mine, as a result of the reestablishment of the road access to the mine. The Company has expressed gratitude for the support it...



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Deal activity in Industrials, Manufacturing and Transport sector to rise in Africa and the ME - Baker McKenzie forecast
Baker McKenzie’s Global Transaction Forecast shows a rebound in global M&A transactions in the Industrials, Manufacturing and Transport (IMT) sector in 2018, with global M&A rising to US$531.4 billion, up from US$483 billion in 2017...


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Acwa to develop $190m solar projects in Egypt
Saudi-based Acwa Power, a major developer, investor and operator of a portfolio of power generation and desalinated water production plants, has reached financial close of three solar PV projects under Round 2 of Egypt's Feed-in-Tariff programme II...


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Ringier Africa signs pan-African content agreement with The New York Times

Ringier Africa Digital Publishing has entered into a digital content license agreement with The New York Times News Service and Syndicate, the licensing and syndicate division of The New York Times further expanding its news and media portfolio...



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[South Africa] Sygnia launches stabilized growth fund to institutional investors

South Africa based fintech company Sygnia has launched the Sygnia Stabilized Growth Fund to the institutional market, a brand new concept in managing retirement fund savings...



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Ethiopian Airlines partners with Zambian Government for the re-launch of Zambia Airways

[Kenya] Securities lending and borrowing expected to enhance liquidity in capital markets

Linatel in negotiations to build Telecom Egypt’s mobile network

Novartis Foundation and Ghana Health Service announce successful integration and scale-up of telemedicine program


 

[Nigeria] PoS transactions hit N1.4tn in 2017

Aero Contractors and AJW conduct first C-Check in West and Central Africa

[Kenya] A.M. Best affirms credit ratings of PTA Reinsurance Company

[Ethiopia] DEG invests $5million in M-BIRR mobile money service


 

[Ethiopia] DEG invests $5million in M-BIRR mobile money service

[Kenya] Martin Kimani appointed Kenol Kobil General Manager

[Egypt] NEXTracker delivers smart tracker technology to world's largest planned solar power plant in North Africa

Acquisition of Afric Power and Tieri gives ENGIE strong local presence to accelerate its expansion in energy services in West and Central Africa


 

[Burkina Faso] Roxgold receives government’s nod to develop the Bagassi South Project

Atlas Copco completes acquisition of South African exploration manufacturing business

[South Africa] MTN and Ericsson conduct first African 5G trials

[Nigeria] United Bank for Africa introduces virtual banker, Leo

 
 
3rd Underground Infrastructure and Deep Foundations Egypt Conference | Cairo, 22 February 2018
As Egypt embarks on a massive infrastructure expansion drive to stabilise and expand its economy, underground and deep foundations works represent an essential element of preparation, ensuring that the infrastructure delivered is entirely safe, secure and fit for purpose...


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Sonangol Interview Discusses Enhanced Production in Angola
With production decline a common challenge to offshore production in mature fields globally, operators in West Africa are taking advantage of innovative technical developments in enhanced oil recovery techniques to...


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Conference: How business can make smallholder supply chains resilient | London, 13-14 March 2018

We would like to make you aware of Innovation Forum’s How business can make smallholder supply chains resilient conference, taking place in London on the 13th& 14th of March 2018...



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African CEO's wanted for interviews!
Africa Business Communities is conducting a series of interviews with African CEO's and CEO's of companies doing business in Africa...


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African Startups wanted for interviews!
Africa Business Communities is conducting a series of interviews with startup businesses in Africa...


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

Bas Vlugt
Founder Africa CEO Network
bas@africabusinesscommunities.com




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