Year 6 | Edition 11 | 8 April 2019
 
Marriott International to add 19 properties under its Africa and Middle East portfolio in 2019

Marriott International has said it expects to add 19 new properties and more than 3,000 rooms to its Middle East and Africa portfolio in 2019. 

Underpinning a strong demand for its diverse brands, the new additions are in line with the company’s expansion plans to add more than 100 new properties and nearly 26,000 rooms across the region by the end of 2023...

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[Nigeria] Oando divests its residual 25% interest in Axxela to Helios Investments

Oando, Nigerian indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, has divested its residual 25% interest in Axxela Limited (held through Glover Gas & Power B.V.) to Helios Investment Partners, a private equity firm with a focus on investments in Africa.

The total purchase price for the transaction was USD $41,500,000, thereby optimizing value from a non-core business activity of the Group...

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[Interview] Nikhil Pereira, CEO, Africa Healthcare Network, East Africa
Africa Healthcare Network has over the years worked to change the landscape of renal care and education in Sub-Saharan Africa through the provision of dialysis services, education of clinicians and patients across the region and by working with governments to build standards of care to ensure that a patient in Africa receives the same, if not better, quality of care that they would receive in the Western world.

Nikhil Pereira, the founder and CEO of the organization talked to Africa Business  Communities about the interventions, the milestones, hiccups and expansion plans

Tell us a bit about Africa Healthcare Network and your role in it?

Africa Healthcare Network (“AHN”) has established the first dialysis chain across East Africa, providing high-quality, life-saving dialysis at an affordable cost...

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[Kenya] Nairobi Farmers Market seeks to link food producers directly with buyers in a country’s first

Kenyan farmers will soon have their own market where they sell produce directly to consumers, cutting off the traditional value chain that is replete with middlemen.

The Nairobi Farmers Market, which is under construction in the upmarket Runda Estate, off Kiambu Road, will contain 45 stalls that are exclusively operated by farmers...

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[Column] Sachen Gudka: Kenya counties must focus on attracting investments

The idea behind the decentralization of Government into devolved units was a noble one. Its main intent was to ensure that each and every Kenyan citizen can have an equal chance at living a productive quality life.

The devolved function of Government was envisioned to enhance equitable distribution of wealth and increase access to social amenities, which are central to our collective goal of poverty reduction...

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Argus West Africa LPG | 25-26 April in Abuja, Nigeria
Discover the potential of the West African LPG industry on 25-26 April in Abuja, Nigeria.

As west Africa’s LPG industry continues to grow in strength, the region is now a leading global market participant. With the capacity for growth in the industry greater than ever before, join us to identify new opportunities by exploring the key drivers for LPG growth, pricing trends and future trade flows...

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The 5th China-Africa Enterprises Convention | 8 - 12 June 2019 | Shanghai | China

The China-Africa Enterprises Convention, which will be held from June 8 to 12, 2019 in Shanghai, China, is an opportunity for African companies to trade and establish strategic partnerships with Chinese companies, to learn from Chinese companies experience and find investment opportunities with Chinese and African investors.

The event, which is in its 5th edition, is organized by Reliconn (a Shanghai-based consulting firm), with the support of the Organizing Committee of the China International Consumer Goods Fair (CICGF), which is one of the of the 4 biggest fairs of China...

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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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