Year 6 | Edition 1 |17 January 2019

Angola passes resolution to eliminate double taxation with Portugal, UAE and China

Angola’s National Assembly has approved joint reports and draft resolutions on agreements for the elimination of double taxation and prevention of tax evasion of income taxes with Portugal, China and the United Arab Emirates.

The legal instruments, approved by the specialized committees, establish a global legal regime for the prevention or elimination of double taxation...

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[Africa Tech Week] African tech startups continue to raise more funding

2018 was a good year for the African startup and tech community. A number of startups raised funding to scale and expand their operations across the continent. Over the last five years, Africa has rapidly built a strong tech startup culture as technology becomes more accessible and less costly.

According to the Digest Africa INDEX, an annual report that summarises Africa’s technology investment landscape set to be released on Thursday 9...

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[Column] Armando Da Silva: Why solar power is the obvious solution for South Africa

As South Africa kicks off the New Year with a lower petrol price and hopes for a constructive 2019, there are some looming problems that hinder the great spirit of the country.

For example, Eskom is maintaining that load-shedding is still a possibility, in spite of the maintenance over the holidays and the currently stable coal supply...

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Versa Networks and BringCom roll out improved network connectivity solutions in East and West Africa

Versa Networks, innovator of the Secure Cloud IP platform, and BringCom Incorporated, a telecommunications provider focused on wholesale and retail telecommunications services in Africa, have rolled out a joint solution to deliver Versa's best-in-class SD-WAN capabilities to BringCom's telecom managed service providers and SaaS platform operators in East and West Africa.

Following the VERSA-BringCom partnership established in October 2018, BringCom will be providing SD-WAN services with in-depth...

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[Interview] Tunde Ajala, Executive Director, Dovewell Oilfield Services, Nigeria

Tunde Ajala is the founding executive director of Dovewell Oilfield Services Ltd, a Nigeria oil and gas company that has invested in modern innovations and expertise to spur Nigeria and West Africa’s petroleum and energy sectors.

He talked to Africa Business Communities about the company’s business model, the growing clientele base as demand for modern technology in the...

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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

Kenya launches green bonds market in product diversification plan 20-02-2019 | 09:00:00
As part of the strategy of diversifying products in the Kenyan capital markets, the frameworks to issue listed and unlisted green bonds have launched.

IFAD, Egypt sign $81 million deal to promote resilience in desert environments 20-02-2019 | 06:52:00
IFAD and Egypt have signed a financing agreement to reduce poverty and enhance food and nutrition security for 450,000 rural people in the Matrouh Governorate.

Libya government partners with World Bank to accelerate economic recovery 20-02-2019 | 06:49:00
The World Bank Group has announced a new strategy of support for Libya focused on restoring key services to citizens and promoting economic recovery as a critical contribution to the ongoing peace process.

Protiviti grows global foothold with new South Africa partnership 20-02-2019 | 06:46:02
To further address the needs of its clients, global consulting firm Protiviti has expanded its Member Firm network to South Africa to add SekelaXabiso CA Incorporated (SkX) as its newest member firm.

[Tanzania] Armadale signs offtake agreement with Matrass for the Mahenge Liandu Graphite project 20-02-2019 | 06:42:31
Armadale has signed an MOU for a proposed offtake agreement with the Matrass Group for high quality graphite products produced at the Company’s Mahenge Liandu Graphite Project in Tanzania.

[Côte d'Ivoire] IFC develops guide to increase market access for processed cashew nuts 19-02-2019 | 07:39:16
IFC, in partnership with the Government of Côte d'Ivoire and Canada, and the Cotton and Cashew Council announced the publication of a guide to improve market access for SMEs in the cashew processing sector in Côte d'Ivoire.

South African Airways settles Comair dispute 19-02-2019 | 07:33:10
South African Airways (SAA) has reached a settlement with Comair following a protracted legal battle, saying it paves the way for the airline to reach financial sustainability.

Innova to open $40 million plant in Kenya to build green affordable homes 19-02-2019 | 07:24:00
Innova Eco Building System has entered into a joint venture agreement to build a $40 million manufacturing plant bringing its green building technology to Mwale Medical and Technology City.

Telkom Kenya revises data packages targeting millenials 18-02-2019 | 13:08:00
Kenya’s telecommunication company Telkom has reviewed its flagship Combo bundle dubbed “Mzito” giving subscribers data, minutes and free night data.

Handa Mining Corporation signs joint venture agreement to develop copper processing plant in South Africa 18-02-2019 | 13:06:13
Handa Mining Corporation has signed a joint venture agreement with O’Okiep Copper Company and SHIP Copper company to fund and build a processing plant in South Africa.

SDX Energy expands presence in Morocco 18-02-2019 | 10:09:12
SDX Energy Inc. has announced that it has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses.

[Nigeria] Shell, partners sign 300 million cubic feet gas FID 18-02-2019 | 10:07:00
The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners signed a Final Investment Decision agreement for a 300 million cubic feet of gas on Wednesday in Abuja.

[Angola] Seadrill establishes new joint venture with Sonangol 18-02-2019 | 10:04:37
Seadrill Limited has announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.

Nigeria, India pledge deeper collaboration on Energy Sector 18-02-2019 | 09:46:00
Nigeria and the Republic of India have pledged to work more closely to enhance energy security of both countries.

Eni granted two exploration blocks onshore Egypt 18-02-2019 | 09:38:00
Egyptian authorities have granted Eni two exploration blocks onshore Egypt, the first block assigned within the EGPC 2018 competitive bid round


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