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...

Read more

 
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...

Read more

 
[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...

Read more

 
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...

Read more

 
[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...

Read more

 
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...

Read more

 
 




 
 
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...

Read more

 



 
News Headlines

Nigeria’s Access Bank raises $ 41million in Africa’s first corporate Green Bond 22-03-2019 | 10:09:00
Nigeria’s Access Bank Plc has issued the first certified corporate green bond in Africa, raising Nira 15 billion (US$ 41 million).


Bank of Zambia, FSD Africa and FSD Zambia partner for second phase of Credit Market Monitoring Programme 22-03-2019 | 07:52:45
The Bank of Zambia partnered with FSD Africa and FSD Zambia to implement the second phase of its Credit Market Monitoring Programme (CMMP).


Qatar Airways suspends flights to Khartoum Sudan 22-03-2019 | 07:39:17
Qatar Airways has announced the suspension of its operations to the Sudanese capital Khartoum effective April 1, 2019, according to a statement issued by the airline.


FSD Africa and Equity Bank Congo target one million people in financial inclusion drive 21-03-2019 | 09:54:00
Farmers, youth, women and small businesses in the Democratic Republic of the Congo will gain better access to financial services following the launch of a new project between FSD Africa and Equity Bank Congo.


[South Africa] Kananelo Makhetha appointed Club Travel Corporate CEO 21-03-2019 | 09:49:24
Club Travel Corporate, a division of the Thebe Tourism Group, has announced the appointment of Kananelo Makhetha as its new CEO.


[South Africa] Small Scale Fisheries Sector launches in Kwazulu Natal 21-03-2019 | 09:01:00
The Department of Agriculture, Forestry and Fisheries has launched the Small-Scale Fisheries Sector in KwaZulu-Natal, South Africa.


FTI Consulting strengthens economic consulting segment in South Africa 21-03-2019 | 07:36:00
FTI Consulting has announced the continued growth of its South African practice with the addition of a team of eight experts from Econex, a leading trade, competition and applied economics consultancy firm.


AfDB Multi-Partner Somalia Infrastructure Fund to receive €1 million from Italy 21-03-2019 | 07:19:00
The Italian Government has signed an agreement for an additional €1 million contribution to the AfDB Multi-Partner Somalia Infrastructure Fund.


Kenya to benefit from Kshs 3.8B Coca-Cola fund to fight plastic waste pollution 21-03-2019 | 06:48:10
Kenya will benefit from US$38 million (approx. Kshs 3.8 billion) fund by the Coca-Cola Company to stimulate plastic recycling industries.


South Africa cosmetics manufacturers ready to meet the export demand 21-03-2019 | 06:05:00
South African small business manufacturers in the cosmetics industry would do well in international markets and meet the high export demand as their products are of high quality and affordable, according to CECOSA Executive Director.


[Kenya] Cytonn and SBM Bank sign $ 6.5 million loan facility towards completion of a residential mixed use development 20-03-2019 | 13:21:00
Cytonn Investments,has signed a $ 6.5 million loan facility with State Bank of Mauritius, SBM Bank Kenya, as it seeks to bring in long-term debt to complement its private markets funding.


Ethiopian Airlines set to introduce direct flights to Istanbul 20-03-2019 | 13:03:35
Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX certified Four Star Global Airline, has finalized preparations to launch a direct thrice weekly flight to Istanbul, Turkey.


Heineken opens $100 million brewery in Mozambique 20-03-2019 | 10:50:00
Dutch brewing company Heineken Has unveiled its first brewery in the district of Maputo, Mozambique.


Hershey unveils plans to restore forest cover in cocoa growing regions of West Africa 20-03-2019 | 10:45:00
Global chocolate manufacturer The Hershey Company has announced plans to protect forests and restore forest cover in the cocoa growing regions in West Africa.


AfDB, Portugal and Mozambique sign Lusophone compact to accelerate private sector development 20-03-2019 | 08:24:10
The African Development Bank and the governments of Mozambique and Portugal have signed a Mozambique-specific Memorandum of Understanding for the implementation of the Lusophone Compact.


 


 
Click here for the webversion

To unsubscribe click here
 

Colofon:

Africa CEO Network NEWS is a publication of Africa Business Communities
www.africabusinesscommunities.com

info@africabusinesscommunities.com

www.twitter.com/africabizz
Publisher/Editor in Chief: Bas Vlugt

Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

Send your press releases to: info@africabusinesscommunities.com


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.

Become a member of de Africa CEO Network on LinkedIn

www.africabusinesscommunities.com

www.nigeriabusinesscommunities.com

www.africabusinesspanel.com

www.africaonlinemarketing.com

www.africapresslist.com

www.africanewsmonitoring.com

www.headhuntersinafrica.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -