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

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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