Year 6 | Edition 14 | 7 May 2019
 

South African Airways set for direct flights from Johannesburg to Guangzhou China

South African Airways (SAA) is set to introduce direct flights between Johannesburg and Guangzhou in China.

“The decision to launch this direct service between Johannesburg and Guangzhou means we remain on track in executing our strategy to transform SAA into a 'fit for the future' airline that will operate both efficiently and competitively,” said SAA Chief Executive Officer Vuyani Jarana...

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[Column] Phyllis Wakiaga: What does the future hold for the East African Market?

As far as trading blocs go, the European Union (EU) has been a global case study of turning a free market into a common market.

Faced with notable challenges in the integration process such as the consecutive crises in the Exchange Rate Mechanism in the early 90’s, the EU defied all odds and continued to expand in depth and geography in a historic feat...

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IM swap fraud: A new wave of attacks targeting financial and online services in Africa

Kaspersky Lab experts have sounded the alarm on the wide spread growth of mobile payments across the globe and the many cyber risks that surround such technology. Especially the recent SIM swap fraud wave, which have become very common in Africa and the wider region.

In South Africa this type of fraud more than double in the last year, according a report of South African Banking Risk Information Centre (SABRIC)...

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Egypt’s ready-made garments exports record $406million revenue in quarter one of 2019

Egypt’s ready-made garments exports have increased two percent in the first quarter of 2019 to reach $406 million compared to $397 million in the same period of 2018, the Textile Export Council has said in a new report.

The sector's exports declined 0.4 percent in March 2019 to reach $129 million compared to 130 million in the same month of 2018...

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Petroleum agreement between South Sudan and South Africa a boost to South Sudan’s economic revival

The signing of the new exploration and production sharing agreement (EPSA) between South Sudan and South Africa’s Strategic Fuel Fund (SFF) is seen as a boost to the oil sector and promotes peace and stability within the country.

This landmark oil deal marks yet another achievement for Africa’s growing energy investments and will provide further boost to South Sudan’s economic revival...

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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

02-06-2020 | 10:09:00
Germany looks to facilitate private sector investments in Africa
With the recent ‘AfricaConnect’ €400 million initiative under DEG’s management, the German Development Ministry is looking to increase private sector investments and cooperation with the African continent.


02-06-2020 | 07:48:00
Global Partnership for Education increases COVID-19 emergency fund
The Global Partnership for Education (GPE) will provide an additional $250 million to help developing countries respond to the immediate and long-term disruptions to education caused by the COVID-19 pandemic.


01-06-2020 | 07:51:00
African Development Bank mobilizes $22 million for low-income countries in the ECOWAS region
The African Development Bank approved an emergency project in favor of low-income countries members of ECOWAS for strengthening the health systems of The Gambia, Mali and Niger.


01-06-2020 | 07:21:00
Rand Merchant Bank confirms $15bn funding for LNG project in Mozambique
The Rand Merchant Bank (RMB) confirmed that a liquefied natural gas (LNG) project in Mozambique is expected to receive $15 billion (R267bn) of financing commitments at a signing scheduled for June 2020.


01-06-2020 | 07:05:00
Sudan, WFP sign agreement on Sudan family support programme
The Government of Sudan and the United Nations World Food Programme (WFP) have signed a Memorandum of Understanding (MoU) to support the government’s Family Support program that will provide Sudanese families direct cash transfers.


01-06-2020 | 06:44:00
World Bank approves $25m to help Djibouti grow economy, improve access to services
The World Bank approved two new projects totaling $25 million in credit from the International Development Association (IDA), to help Djibouti address vulnerability, foster inclusive economic growth and improve service delivery.


29-05-2020 | 14:12:00
UNWTO launches global guidelines to reopen tourism
The World Tourism Organization (UNWTO) has released a set of guidelines to help tourism sector emerge stronger and more sustainably from COVID-19.


29-05-2020 | 10:24:00
AFD provides €70m to improve water and sanitation in Morogoro, Tanzania
The Government of Tanzania and the French Development Agency (AFD) signed a financing agreement for a 70M€ concessional loan aiming at improving water supply and sanitation services for the residents of Morogoro Municipality.


29-05-2020 | 09:10:54
[South Africa] Sasol announces its not divesting its fuel retail business
Sasol, an international integrated chemicals and energy company announced that it is not divesting its downstream fuel retail business as part of its ongoing asset disposal process.


29-05-2020 | 07:11:00
[Nigeria] NCDMD launches initiatives to drive innovations in oil and gas industries
The Nigerian Content Development and Monitoring Board (NCDMB) has launched BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry.


29-05-2020 | 07:08:00
[Nigeria] Premium Pension appoints Alhassan Babayo as Board Chairman
The Board of Premium Pension appointed Mr. Ibrahim Alhassan Babayo as its new Chairman, following the retirement of the erstwhile Chairman Arc. Yunusa Yakubu who held the position since 2017.


28-05-2020 | 07:44:00
COVID-19 creates fundamental shifts in Africa's consumers, Nielsen
The COVID-19 pandemic has given rise to a new kind of African consumer who is already displaying fundamental shifts in consumption and purchase behaviour.


28-05-2020 | 07:36:18
African Natural Resources Centre unveils publication to advance critical land policy reforms
In response to challenges across Africa around land ownership and use, the African Natural Resources Centre (ANRC) of the African Development Bank is launching a series of articles to aid policy debate.


27-05-2020 | 11:28:00
[South Africa] Unemployment Insurance Fund pays out R15bn
The South African Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries.


27-05-2020 | 10:45:04
Fugro detours for Ifremer's Mayotte underwater volcano survey in Africa
A Fugro vessel heading from the Netherlands to South Africa has made a 10-day detour to support Ifremer, the French Research Institute for Exploitation of the Sea, in monitoring a giant active underwater volcano off the east coast of Africa.


 


 
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