Year 5 | Edition 25 |19 December 2018
EIB invests €495 million in transport, energy and internet across Africa

The European Investment Bank has formally agreed a total of EUR 495 million of new financing for three projects to support sustainable transport, clean energy and internet access projects in North, West and East Africa.

The three projects, signed at the summit attended by heads of state and government from across Africa and Europe, demonstrate the European Investment Bank’s technical and financial support for life-changing investment across the continent...

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Africa receives only 5% of the international arrivals

Africa’s travel and tourism industry continues to record impressive growth over the years. In 2017, the continent hit a 63 million high in international tourist arrivals as compared to 58 M in 2016 (+ 9% vs 2016). The growth record is slightly above the global performance of a 7% rise in 2017, to reach a total of 1.323 billion international tourist arrivals.

Results were driven by the continued recovery in Tunisia & Morocco and strong performance in Kenya, Côte d’Ivoire, Mauritius and Zimbabwe. Island destinations Seychelles, Cabo Verde and Reunion recorded double-digit growth in arrivals...

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[Column] Bob Koigi: Africa’s silver bullet is in its new tribe

In East Africa, a group of vanguard youthful innovators are transforming the region into a tech powerhouse through modern innovations that are not only providing homegrown solutions to some of the most biting problems but catapulting the region into international recognition.

To the West of the continent, in Ghana and Nigeria, young fashion designers are lifting the iconic West African fabric’s mojo as they create hundreds of jobs in an entrepreneurial pursuit that has delivered impressive pay offs...

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Mauritania rolls out the welcome mat to investors with new iGuide

Mauritania is serious about “rolling out the welcome mat” to foreign direct investment (FDI) following the launch of an online investment guide in the capital Nouakchott on 22 November.

Also labelled an “iGuide”, it offers a one-stop shop for investors, telling them all they need to know to put their money in the West African country. It also highlights areas for reform in Mauritania’s investment environment and helps the government to understand investor needs...

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[Column] Phyllis Wakiaga: Kenya’s focus on SMEs is a welcome Intervention

50 per cent of all new Kenyan jobs are estimated to come from medium and large companies, despite them constituting only 20 per cent of all firms in the manufacturing and services sectors.

This is according to a World Bank report on High Growth Firms released this month...

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GreenTec Invests in Tanzanian organic honey producer Afrilife
GreenTec has announced its investment in Afrilife, a Tanzania-based producer of organic honey and bee products. Afrilife has developed into one of the most known and sought-after brands of Tanzanian honey and is one of only holders of an HACCP certification operating in Tanzania...

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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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News Headlines

CJ 4DPLEX partners with Genesis Cinemas to unveil ScreenX auditoriums in Nigeria for the first time 20-06-2019 | 11:05:00
CJ 4DPLEX, the world's cinema technology company, has announced the signing of a new partnership with Genesis Cinemas that will bring a total of six ScreenX auditoriums to Nigeria for the first time.

Anadarko announces Mozambique LNG final investment decision 20-06-2019 | 10:58:49
Anadarko Petroleum Corporation and the co-venturers in Mozambique's Offshore Area 1 have announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project.

[Liberia] Financing to upgrade Monrovia water supply system for additional 52,000 users 20-06-2019 | 09:49:00
The World Bank has approved an additional financing of $24.74 million International Development Association (IDA) credit and $5.26 million IDA grant to increase access to piped water supply services in Monrovia.

15 Comesa countries establish road development funds 20-06-2019 | 08:32:43
Fifteen out of 21 countries in the Common market for Eastern and Southern Africa, (COMESA) have established dedicated Road Funds and Road Development Agencies.

[Angola] Bestfly leases two ATR series jets to operate corporate and charter services 20-06-2019 | 08:32:19
Angola private company Bestfly will take delivery of two ATR 72-600s from lessor Acia Aero to operate corporate and charter services throughout the country.

South African Airways and Alaska Airlines launch new interline partnership 20-06-2019 | 05:15:00
South African Airways and Alaska Airlines have announced that they have established a new interline partnership, which provides new and convenient flight options for both SAA and Alaska’s customers.

ExxonMobil to provide $3 million to USAID programmes in Mozambique 20-06-2019 | 05:02:29
ExxonMobil has committed to provide $3 million to USAID to design and administer programs that improve social and economic development in Mozambique.

[Kenya] The Manpower Company introduces employee outsourcing model in the flower industry 19-06-2019 | 13:01:03
Flower farms in Kenya can now outsource employees from a pool created and managed by The Manpower Company.

FAO’s seed fair links farmers to certified quality seed in northeastern Nigeria 19-06-2019 | 11:08:00
Gombi local government area lies two hours outside Yola, the capital of Adamawa, and a mere three-hour drive to Cameroon.

Fishmeal industry steals regional food and livelihoods in West Africa, Greenpeace report 19-06-2019 | 11:05:01
Greenpeace is calling on West African governments to immediately phase out the wasteful fishmeal and fish oil (FMFO) industry.

[Kenya] Simba Corporation unveils Mitsubishi Eclipse Cross model 19-06-2019 | 09:04:00
Simba Corporation has unveiled the new Mitsubishi Eclipse Cross in the Kenyan market.

TradeMark East Africa, Tanzania private sector ink $1.2 million deal to boost country’s competitiveness 19-06-2019 | 08:57:00
TradeMark East Africa (TMEA) and Tanzania Private Sector Foundation (TPSF) have signed a grant agreement to support Public Private Dialogue (PPD) in Tanzania.

Rwanda and China sign $43 million agreement to finance infrastructure 19-06-2019 | 06:50:00
Rwanda and China have signed a $42.8 million agreement to finance the expansion and rehabilitation of 10 km Prince house- Giporoso- Masaka road.

Launch of new council bolsters Kenya-Portugal trade 19-06-2019 | 06:41:00
The Portuguese Business Council Kenya has been officially launched, targeting increased economic opportunities for Portuguese and Kenyan companies and individuals.

TechnipFMC awarded subsea contracts for Anadarkos Mozambique natural gas project 19-06-2019 | 06:37:00
Global energy project TechnipFMC has been awarded a number of subsea contracts by Anadarko Moçambique Área.


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