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

European Commission approves € 5 million grant to African Legal Support Facility 16-01-2019 | 11:42:26
The European Commission has approved a grant of 5 million euros to the African Legal Support Facility, to finance the Facility’s Medium Term Strategy for the next five years.


African Infrastructure Investment Managers acquires stake in BBOXX as it expands to off-grid solar market 16-01-2019 | 11:42:00
African Infrastructure Investment Managers has acquired through its African Infrastructure Investment Fund 3 a minority stake in BBOXX’s operations in East Africa.


Equatorial Guinea entices investors with one-stop shop service 16-01-2019 | 08:46:45
Equatorial Guinea’s one-stop shop has become a reality this week, allowing investors and corporations alike to set up a business in only seven days.


Seychelles launches five year HR policy and strategy 16-01-2019 | 06:33:45
The Government of Seychelles has launched a 5-year Policy and Strategy on Human Resources Development (HRD) to support its Sustainable Development Strategy.


Egypt and Jordan sign supplemental deals on natural gas 15-01-2019 | 14:14:57
Egypt Petroleum Minister Tareq el Mulla has held a meeting with Jordanian Minister of energy and mineral wealth Hala Zawati to discuss the latest developments of joint energy projects.


South Africa, Mozambique cement bilateral relations 15-01-2019 | 14:12:52
South Africa and Mozambique have committed to maximising areas of cooperation that are beneficial for the neighbouring countries’ bilateral relations.


Bank of Mozambique deepens Portugal and China banks relations 15-01-2019 | 11:50:13
The Governor of the Bank of Mozambique received a delegation from the Monetary Authority of Macau, Banco Nacional Ultramarino and Bank of China, with the aim to deepen relations between the banks.


Pioneer Kitchenware compulsorily de-listed from Ghana Stock Exchange 15-01-2019 | 08:36:47
The Ghana Stock Exchange (GSE) has decided to compulsorily de-list Pioneer Kitchenware Limited (PKL) from the Main Equity Market of the Exchange.


AgDevCo invests $3million in Ghanaian farmer-owned Cocoa Company 15-01-2019 | 08:29:16
Impact investor AgDevCo has invested in Kuapa Kokoo Limited, the only licensed cocoa buying company in Ghana which is owned by a cooperative of Ghanaian smallholder cocoa farmers.


[Ghana] Aluworks and Cocoa companies taken off GSE’s ''Watch List'' 15-01-2019 | 08:13:00
The Ghana Stock Exchange (GSE) has announced that Aluworks Limited (ALW) and Cocoa Processing Company Limited (CPC) have been taken off the GSE’s “Watch List”.


Jan De Nul successfully completes first major umbilical installation project in Egypt 15-01-2019 | 07:12:03
Jan De Nul Group has successfully completed the installation and burial of the two main subsea umbilicals for the exploitation of new gas fields in the West Nile Delta concessions, in the North Alexandria region, Egypt.


Vivo Energy Côte d'Ivoire strengthens its presence in the Ivorian market 15-01-2019 | 06:50:00
Vivo Energy Côte d'Ivoire has reinforced its presence in the Ivorian market with the opening of a new Shell station in TAABO.


South African National Space Agency to become designated regional provider of space weather information for aviation sector 14-01-2019 | 11:35:00
South African National Space Agency has been selected by ICAO to become the designated regional provider of space weather information to the entire aviation sector.


[Uganda] Solarnow and Sunfunder announce $9m debt financing with Oikocredit and Responsability 14-01-2019 | 11:30:00
Kampala-based off-grid solar company SolarNow has closed largest-yet receivables financing facility with SunFunder, Oikocredit and responsAbility


Financial close achieved for Cameroon’s Nachtigal hydro power plant 14-01-2019 | 09:05:00
Financial close of the €1.26 billion Nachtigal hydro power plant to be built in Cameroon has been achieved.


 


 
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