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

One million euros climate change project set for launching in Uganda 24-04-2019 | 13:55:43
A 1.07 million euros climate change project aimed at building resilience of agriculture landscapes in Eastern Uganda, is set to be launched in June following the completion of preparatory activities.


Skyway Aviation Handling Company lists on Nigerian Stock Exchange main board 24-04-2019 | 13:52:00
Skyway Aviation Handling Company Plc has listed 1,353,580,000 ordinary shares at The Nigerian Stock Exchange Main Board.


Air Mauritius receives new airbus aircraft from Air Lease Corporation 24-04-2019 | 11:45:48
Air Lease Corporation has announced the delivery of one new Airbus A330-900neo aircraft on long-term lease to Air Mauritius.


Andersen Global grows African foothold by partnering with Mulenga Mundashi Kasonde Legal Practitioners in Zambia 24-04-2019 | 08:42:58
Andersen Global has signed a collaboration agreement with Mulenga Mundashi Kasonde Legal Practitioners, MMKLP, a law firm in Zambia.


Ethiopian Airlines set to launch three weekly flights to Marseille 24-04-2019 | 06:47:00
Ethiopian Airlines says it has finalized all preparations to launch a thrice weekly flight to Marseille, France as of July 02, 2019.


Mauritius makes gains in bridging income inequalities among workers, report 24-04-2019 | 06:44:00
Lower-paid workers in Mauritius are to some extent catching up to their higher-paid counterparts over time, according to a new World Bank report.


Hyatt Hotels opens new property in Algeria 24-04-2019 | 06:36:00
Hyatt Hotels Corporation has opened the first Hyatt hotel in Algeria, Hyatt Regency Algiers Airport.


[Nigeria] NNPC to partner Red Cross Society on disaster management 23-04-2019 | 13:31:00
The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to partner with the Nigerian Red Cross Society towards developing the capacity of the corporation’s staff on disaster management.


NAS Uganda launches eco-friendly vehicles at Entebbe International Airport 23-04-2019 | 11:42:00
National Aviation Services (NAS) Uganda has joined the Civil Aviation Authority’s efforts to combat climate change and reduce greenhouse gas emissions by introducing electric forklifts and tractors into its operations.


African Legal Support Facility supports $200 million energy plant in Rwanda 23-04-2019 | 11:07:40
The African Legal Support Facility has provided advisory services support to the Government of Rwanda for the negotiation of its deal with Symbion Power to develop a $200-million-dollar energy plant in Rwanda.


KawiSafi raises $70 million from Acumen to invest in energy projects in East Africa 23-04-2019 | 10:40:00
Acumen, a non-profit organisation that invests philanthropic capital in companies and leaders tackling poverty, has announced an approximately $70m close of the for-profit fund, KawiSafi Ventures.


Sahara Group advocates for intra Africa solution for petroleum sector challenges 23-04-2019 | 10:32:00
Executive Director, Sahara Group, Wale Ajibade, has said collaboration between players in the oil sector would enhance the contribution of intra-Africa led solutions to addressing the sector’s trade.


[Egypt] NOMP, EGAS ink cooperation protocol to manufacture smart gas meters 23-04-2019 | 10:19:00
National Organization for Military Production (NOMP) and Egyptian Natural Gas Holding Company (EGAS) have partnered in the field of producing prepayment smart gas meters.


[South Africa] Mr Price to become first retailer to list on A2X 23-04-2019 | 10:19:00
Mr Price Group has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 2 May 2019.


[South Africa] Centbee raises £1 million from Ayre Ventures 23-04-2019 | 08:18:00
South African-based Bitcoin company, Centbee, has closed its Series A round with entrepreneur Calvin Ayre, founder of Antigua-based investment firm, Ayre Ventures and CoinGeek.


 


 
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