Year 6 | Edition 3 | 1 February 2019
 
Rendeavour, Lagos State Government launch new city in Nigeria

Africa's largest urban developer, Rendeavour, in partnership with the Lagos State Government, has broken ground on a new satellite city development in the Lekki Free Zone as part of a joint venture that boosts foreign direct investment in Nigeria and will create tens of thousands of jobs.

The project, Alaro City, is a mixed-income, city-scale development with industrial and logistics locations, complemented by offices, homes, schools, healthcare facilities, hotels, entertainment and 150 hectares (370 acres) of parks and open spaces...

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[Interview] Fabrice Nze-Bekale, Managing Partner, ACT Afrique, Senegal
Fabrice Nze-Bekale is an experienced investment banker with a working history in investment banking, telecoms and the mining & metals industries. He is currently the Managing Partner of the pan-African firm, ACt Afrique.

Could you introduce your company?

ACT Afrique (ACT) is a pan-African capital, advisory and communication firm headquartered in Dakar, Senegal. ACT’s service offerings include, amongst other things, strategic and operational advisory, investment banking, financial and commercial intermediation and transformative communication support...

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[Column] Fuad Siddiqui: Charting a new course for Africa’s economic prosperity

Imagine a world where the laws of business survival are being redefined and new competitive market models re-assembled with the advent of 4th industrial revolution. Emerging technologies are changing the way organisations shape their offerings and service new markets.

They are the muses of innovation and inspiration and the keys to unlocking the potential of business in Africa. It is time to build economic models that change industries and reshape the way we live, work and play...

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Government authorities in East and West Libya set to partner to develop one of North Africa's largest deep sea ports
Libya's government authorities in the East and West have come together and formally agreed to jointly support what will become one of North Africa's most highly-automated and largest deep-sea ports near the city of Susah in Libya, International investment firm, The Guidry Group has announced...

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[Column] Sachen Gudka: What Kenya needs to kick-start her economy

In 1965, a tiny country in Asia was expelled by its ‘Mother Country’. At its point of departure from the Federation of Malaysia, Singapore, a 580-square Kilometer Island, had no natural resources to speak of and no established industries.

Fast forward to 2016, Singapore was ranked 10th in the Top 10 richest economies by the IMF and number 3 last year, in the Global Competitiveness index. In just 54 years, Singapore has made a remarkable leap to become one of the most advanced economies in the world...

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[Interview] Pete Frielinghaus, Managing Director, Continuity East Africa, Kenya
Pete Frielinghaus is the Managing Director of ContinuityEastAfrica, a company whose key focus is in disaster recovery, business continuity and resilience.

He talked to Africa Business Communities about the company’s business model, the cybersecurity landscape in East Africa, the growing appetite for Business Continuity Management solutions and how the company is responding to these needs.

Tell us about ContinuityEastAfrica and your role in it

I am Managing Director of Continuity East Africa and I was tasked to establish this recovery site to serve the East African market in Business Continuity Management (BCM) and operational resilience...

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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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