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

[Kenya] Capital Markets Authority set to recover Ksh208 million from illegal trading in fixed income securities 17-05-2019 | 13:09:00
Kenya’s Capital Markets Authority has taken enforcement action against Mr. Rodrick Muhoro, a bond trader, following conclusion of investigations with respect to allegation of irregular trading of Government Securities.


Emirates mulls growing African footprint 17-05-2019 | 11:11:00
Dubai based airline Emirates is considering flight frequencies to key African destinations including Morocco, Ghana, Senegal, Egypt, and South Africa as it sees potential for growth in Africa.


[Nigeria] Ebenezer Onyeagwu appointed CEO of Zenith Bank 17-05-2019 | 06:28:00
Nigeria’s multinational financial service provider Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank effective June 1, 2019.


[Kenya] Capital Markets Authority licenses Jubilee Financial Services to operate as a fund manager 17-05-2019 | 06:15:00
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Jubilee Financial Services Limited to operate as a fund manager having met all requirements.


[Uganda] KCCA flags off construction of five roads 16-05-2019 | 14:00:00
The Kampala Capital City Authority (KCCA) has flagged off a new set of roads to two international firms to start construction work.


Bank of Mauritius bags Best Central Bank for Corporate Governance, Indian Ocean 2019 Award 16-05-2019 | 12:13:00
The International Business Magazine has conferred upon the Bank of Mauritius its Award for ‘Best Central Bank for Corporate Governance Indian Ocean 2019’.


AGRA, UPL partner to increase Africa smallholder farmers’ access to yield-enhancing technologies 16-05-2019 | 10:07:50
Thousands of smallholder farmers are set to benefit from increased access to technologies that support yield increase.


Mahindra South Africa enters farming equipment business 16-05-2019 | 10:03:39
In its endeavour to establish South Africa as its home outside India, Mahindra South Africa has announced entry into its fourth business line, by introducing its range of farming equipment.


CBK and Bank of Mauritius brainstorm to deepen cooperation 16-05-2019 | 08:47:00
The Central Bank of Kenya (CBK) and the Bank of Mauritius held a brainstorming session with a view to enhancing cooperation between the two central banks.


NAS and LAM joint venture to operate airport lounges across Mozambique 16-05-2019 | 08:29:00
National Aviation Services (NAS), has announced a joint venture (JV) agreement with Linhas Aéreas de Moçambique (LAM), the Mozambique flag carrier, to provide management services of the Flamingo lounges in Mozambique.


Société Pétrolière expands liquefied petroleum gas business in Rwanda 16-05-2019 | 07:22:00
Société Pétrolière Ltd,SP, the East Africa mid and downstream oil company, has installed eight Liquified Petroleum Gas storage and cylinder filling plants across Rwanda.


BBOXX and Victron Energy to deliver pay-as-you-go solar solutions in DR Congo 16-05-2019 | 07:19:00
BBOXX, a provider of off-grid solar home solutions for rural communities in Africa has entered into an agreement with Victron Energy to provide solar solutions to households across Democratic Republic of Congo.


[South Africa] Trade Minister gazettes the draft B-BBEE Chartered Accountancy Sector Code 16-05-2019 | 06:39:00
Members of the public have until 23 June 2019 to make inputs and comments on the Draft Broad-Based Black Economic Empowerment (B-BBEE) Chartered Accountancy Sector Code.


IFC, SECO partner to address water scarcity in South Africa 16-05-2019 | 06:17:00
IFC, a member of the World Bank Group and Switzerland’s State Secretariat for Economic Affairs (SECO), launched a program aimed at addressing water scarcity in South Africa’s agribusiness sector.


Capital Markets Authority licenses AFG Wealth Kenya as an investment adviser 15-05-2019 | 13:15:00
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to AFG Wealth Kenya Limited to operate as Investment Adviser in Kenya bringing the number of investment advisers to 15.


 


 
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