Year 6 | Edition 9 | 25 March 2019
 
African Development Bank launches pilot phase of Adaptation Benefits Mechanism
The public sector cannot provide enough finance to make African countries resilient to climate change impacts, and funding from the private sector is hard to come by. At the same time, many grassroot adaptation initiatives are being developed and some of these are making a big difference. 

The Adaptation Benefits Mechanism (ABM) is an innovative mechanism for mobilising new and additional public and private sector finance. It will create a new asset – certified adaptation benefits, with a compliance value for the Paris Agreement, nationally determined contributions (NDCs) and the sustainable development goals (SDGs)...

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Kenshoo and Omnicom Media Group partner to create digital centers of excellence in Africa and Europe

Kenshoo, a global marketing technology platform, and global media network Omnicom Media Group have announced a partnership in the EMEA region (Europe, the Middle East and Africa) to create Digital Centers of Excellence (DCOEs).

Through this relationship, the two companies will jointly develop research, campaign auditing and retail immersion workshops, as well as collaborate on employee training and accreditation to improve performance across the most engaging digital advertising channels...

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[Column] Zwelakhe Gila: Great, South Africa found gas. Now what?

Coming at a time when South Africa’s policy makers are struggling to diversify the country’s energy mix, Total Exploration and Production Southern Africa recently announced a major offshore gas discovery.

The Brulpadda well off the shore of Mossel Bay is one of a number of highly anticipated exploration prospects in South Africa...

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South Africa most integrated country in the continent, index

The African Continental Free Trade Area (AfCFTA) marks a momentous milestone for Africa but preliminary findings of the upcoming 2019 African Regional Integration Index, indicate that regional integration in Africa remains low.

The Index, known as ARII, was set up to monitor and evaluate the status of economic integration among African countries and provides a basis for member States to track their progress...

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Online tool tackles non-tariff barriers in Africa

Zambian traders bringing molasses into Botswana on the Kazungula Ferry on 1 December 2016 were surprised when border officials asked for a fumigation certificate.

The import permit didn’t list such a certificate, the Zambians said. But the officials held their ground...

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[Interview] René Stegmann, Director, Relocation Africa
René Stegmann is a South African entrepreneur experienced in the Mobility, Research and Immigration industries, and is currently the Director of Relocation Africa.

Tell a bit about the company, please?

Founded in 1993, Relocation Africa provides a variety of Mobility, Immigration, Research, Remuneration and Expatriate Tax services across the continent of Africa. This year, we are celebrating 25 years of growing our presence across the continenent, and expanding upon our experience with assisting individuals and corporate clients settle into new environments as efficiently as possible...

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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

Tunisia private airline Jasmin Airways strengthens operations with acquisition of new aircraft 19-07-2019 | 13:15:00
Private Tunisian airline, Jasmin Airways, having made its first flight last month to Sarajevo in Bosnia-Herzegovina is looking at strengthening its hand with its third aircraft being delivered this month.


Fenix reaches 500,000 customers in 6 African markets, announces new leadership team 19-07-2019 | 09:27:00
Fenix International has appointed co-founder and current COO Brian Warshawsky to the role of CEO to drive the next phase of the company’s ambitious growth plans.


PepsiCo to acquire Pioneer Foods growing African foothold 19-07-2019 | 09:24:00
PepsiCo, Inc. has announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd.


Afreximbank appoints Idrissa Diop Compliance Director 19-07-2019 | 06:23:00
The African Export-Import Bank (Afreximbank) has appointed Idrissa Diop, formerly of Ecobank Transnational Inc., as its new Director of Compliance.


European Investment Bank and FMO sign up to renewAfrica covenant 19-07-2019 | 06:20:00
The European Investment Bank (EIB) and FMO adhere to the “renewAfrica” initiative, which intends to facilitate and improve financing for renewable energy projects in Africa.


[Kenya] Credit Bank receives $8 million facility from AfDB for SMEs lending 19-07-2019 | 06:05:00
The Board of Directors of the African Development Bank Group has approved a $8 million-targeted financing to Kenya's Credit Bank for lending exclusively to small and medium enterprises.


[Mozambique] Sasol, government collaborate to create jobs 18-07-2019 | 15:11:00
Sasol has reaffirmed its partnership with the Government of Mozambique to deliver on its socio-economic development strategy focusing on the creation of self-employment opportunities for locals.


[South Africa] Building the AfCFTA, making trade promotion efforts crucial to economic growth, Trade Minister 18-07-2019 | 14:03:00
The South Africa Minister for Trade and Industry says building the AfCFTA and making South Africa’s trade promotion efforts more effective and strategic, was very crucial to economic growth in the country and the African continent in general.


Ford South Africa to create 1 200 jobs at its Silverton Plant in Pretoria, Gauteng 18-07-2019 | 13:39:00
The South Africa Minister for Trade and Industry, Mr Ebrahim Patel, has welcomed the announcement by Ford South Africa that it will be creating 1 200 jobs at its Silverton Plant in Pretoria, Gauteng.


[Egypt] WFP celebrates long-standing partnership with the European Union 18-07-2019 | 13:07:06
The United Nations World Food Programme (WFP) and the European Union (EU) celebrated their five-year-long partnership in Egypt during which they have assisted more than 2.3 million people in collaboration with the Egyptian Government.


Olatowun Candide-Johnson appointed Chairwoman of French startup kwik 18-07-2019 | 07:28:00
The French startup kwik has announced today that Olatowun Candide-Johnson, a Nigerian lawyer and businesswoman, has officially been appointed Chairwoman of its supervisory board.


Trane appoints JMG Limited as new distributor in Nigeria for residential and light commercial products 18-07-2019 | 07:18:00
Trane, a global provider of indoor comfort systems, has entered into a new distribution agreement with JMG Limited in Nigeria that will significantly expand and strengthen the distribution capacity of Trane in Nigeria.


Qatar Airways to introduce three weekly direct flights to Gaborone Botswana 18-07-2019 | 07:07:00
Qatar Airways will be launching its new service to Gaborone, Botswana, from October 27, 2019. It will be the airline's first destination in the African country.


DHL partners with Teach for Uganda to create jobs for youth 18-07-2019 | 07:00:34
DHL Express has launched a partnership with Teach For Uganda, to eradicate education inequity and promote educational opportunities for young people in Uganda.


Air Seychelles set to launch weekly direct flights to Tel Aviv 17-07-2019 | 06:36:17
Air Seychelles has announced the commencement of a new service linking the Seychelles and Israel’s largest metropolitan area, Tel Aviv effective 27 November, 2019.


 


 
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