Year 6 | Edition 6 | 22 February 2019
 
JAC Motors expands into 28 African countries

Anhui Jianghuai Automobile Group Corp., Ltd., JAC Motors, China's automobile and commercial vehicle manufacturer, has announced the results of its expansion program in Africa in 2018, declaring that it has established a presence in 28 countries across the continent.

Spurred on by China's Belt and Road initiative (BRI), the country's program to fund and build infrastructure projects around the world along the ancient Silk Road trade routes...

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[Interview] Kathryn Main, CEO, Money Savvy Kids, South Africa
Kathryn Main is an advocate of financial literacy and believes it is a cornerstone of prosperity and security for any community. The author of 'Raising Money Savvy Kids', she runs her company in Johannesburg, South Africa, delivering financial education in a number of ways.

Would you introduce your company?

Born out of the need to teach our kids that money is something to be understood and respected, Money Savvy Kids (MSK) is the beginning of the end of financial mismanagement and misunderstanding...

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Utimaco and Astel sign distribution partnership for HSMs in the Africa region
Astel, a leading provider for IT infrastructure and office automation solutions on the African continent, and Utimaco, the global number two in Hardware Security Modules (HSMs), have announced a distribution partnership for the Africa region.

HSMs by Utimaco provide the ‘Root of Trust’ to a wide range of industries, encompassing financial and payment services, the automotive industry as well as cloud and IT services in the public sector...

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[Column] Michael Armstrong: Lessons Kenya can learn on fintech innovation

The efficiency, convenience and reach of financial services has been significantly enhanced by the development of the fintech (Financial Technology) industry.

Today, services including payments, insurance, lending, capital raising and investment management have all benefited from the boom in fintech...

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African Development Bank starts electricity cooperative feasibility studies in Nigeria and Ethiopia

The African Development Bank has kicked off a feasibility study to explore the potential of electricity cooperative business models in Nigeria and Ethiopia.

The effort is part of the Bank’s goal of achieving universal electricity access across Africa by 2025. Currently, power shortages diminish the region’s GDP growth by 2-4% per year, holding back job creation and poverty reduction efforts...

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[Interview] Jude Menes, Founder, Menes Konsult, United States
Jude Menes is a Nigerian-American attorney and founder of Menes Konsult Firms, in partnership with Europlaw, a group of firms dedicated to advising and guiding foreign investors and relations in Africa.

Tell us something about your firms, would you?

Our firms resulted from collaborative efforts of African professionals in Diaspora, local African professionals, and citizens of other continents committed to contributing to Africa’s development through healthy foreign investments and business relations by foreign companies...

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[Interview] Kirsty Chadwick, Group CEO, TTRO, South Africa
Kirsty Chadwick, a citizen of New Zealand, puts to work her passion for education and the technology at her disposal to create innovative, cost effective and fully customised e-learning solutions.

Could you introduce your company?

The Training Room Online (TTRO) is an organisation I founded in 2008, one of passionate and talented individuals whom, enabled through learning technologies, design and develop human-centered solutions that transform citizens, communities, companies and countries...

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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

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.


 


 
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