Year 6 | Edition 7 | 27 February 2019

New technology drives demand for mobile payments access in the Middle East and Africa, Mastercard study

Mobile payments represented more than 30 percent of the total social media conversation around payments in the Middle East and Africa, with total mentions doubling over the prior year.

Now in its sixth year, the study, developed in partnership with PRIME Research, analyzed more than 3.3 million conversations globally and 90,000 conversations in the Middle East and Africa from the past year across social media channels including Twitter, Facebook, Instagram and Weibo...

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[Interview] Donna Rachelson, CEO, Branding & Marketing YOU, South Africa

Founded in 2007, Branding & Marketing YOU is headed up by Donna Rachelson - branding and marketing specialist, author of three best-selling books, successful businesswoman and savvy business investor.

Tell a bit about your company please?

Branding & Marketing YOU offers companies the branding and marketing know-how they need to expedite the value and impact of their brand by leveraging their most valuable assets – their people...

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[Nigeria] NSE partners with market stakeholders, launches mutual funds trading platform

The Nigerian Stock Exchange (NSE) in conjunction with Fund Managers Association of Nigeria (FMAN); Association of Stockbroking Houses of Nigeria (ASHON) and The Central Securities Clearing System (CSCS), have launched the NSE Mutual Fund Trading and Distribution Platform.

The Mutual Fund trading platform will bring together market participants to facilitate electronic transactions with seamless interaction between NSE, CSCS Plc, Fund Managers and Brokers Dealers. Investors will have the benefit of a single view of their mutual fund investment and ease a variety of...

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[Column] Neil Hobbs: Significant tax benefits on offer for SA's venture capital investors

In July 2009 the South African Revenue Services (SARS) introduced section 12J of the Income Tax Act to encourage ordinary taxpayers to invest in small, medium and micro-sized enterprises (SMMEs). Section 12J allows taxpayers to deduct 100% of their investments into qualifying venture capital companies (VCCs) from their current tax obligations as a reward for the ongoing economic benefits that these investments are expected to deliver.

The uptake of this allowance was initially slow; but has gathered pace as more section 12J compliant VCCs come to market. Thousands of taxpayers now invest via VCCs to utilise their section 12J tax allowances and curb their ever-increasing...

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South Africa - India trade relations deepens

Two KwaZulu-Natal companies are on a mission to explore export opportunities for their products in India. Royalty Agri-Biz, which is based in Pietermaritzburg and Your Best Choice, which is located in Pinetown, will be part of the Outward Trade and Investment Mission to New Delhi and Mumbai in March 2019. 

The mission is organised and funded by the Department of Trade and Industry (the dti). The purpose of the mission is to increase the trade of value-added goods and investment between South Africa and India...

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[Interview] Samson Ogbole, Co-Founder, PS Nutraceuticals, Nigeria

Agriculture and technology working together create a environment condusive to efficiency, empowerment and health. This is the mandate at PS Nutraceuticals, co-founded by Samson Ogbole.

Could you introduce your company?

PS Nutraceuticals is an agri-tech company that I started in 2016 with my business partner, P. J. Okocha. Our operational mandate is to ensure that as a people we eat right to live longer. PS Nutrac are focused on food production with climate smart technology, with the inclusion of artificial intelligence and soilless farming. Our method ensures that food production is not seasonal (any more than hunger is seasonal), while...

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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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