Year 6 | Edition 22 | 25 June 2019
 

afriQloud launches in Uganda, 15 African countries to follow in next yea

Leapfrogging Africa’s innovation agenda with local cloud solutions

Pan-African connectivity provider, BringCom, in partnership with science and technology investor, Imprimatur Capital, and European edge cloud software company, GIG Technology, have together birthed what is to provide the African technology industry with cloud sovereignty – afriQloud.

Today launched in Uganda, afriQloud will provide, at internationally competitive rates, local and foreign customers with an innovative and secure distributed edge cloud service...

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Formation of joint venture to accelerate growth of KFC franchise portfolio in East Africa

Vivo Energy, the pan-African retailer and distributor of Shell and Engen-branded fuels and lubricants, has agreed to form a non-fuel joint venture to accelerate the roll-out of KFC restaurants in Kenya, Uganda and Rwanda.

The 50:50 joint venture will manage and operate the restaurants in the three markets on behalf of Kuku Foods East Africa Holdings (Kuku Foods), who will remain the local KFC franchisee. Completion of this transaction is subject to...

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[South Africa] Metrofibre Networx rolls out fibre micro-trenching in Nelson Mandela Bay

Summerstrand in Nelson Mandela Bay has become one of the first areas in the Eastern Cape to get fibre internet infrastructure installed using an innovative process called “Micro-trenching”.  

The Nelson Mandela Bay council provided permission to MetroFibre Networx to install fibre infrastructure via micro-trenching in Summerstrand on a proof-of-concept basis in May 2019. The results have been a much faster, cleaner and less disruptive process for residents and the metro alike...

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[Mozambique] OPIC signs letter of interest to invest in Sunshine Nut

The Overseas Private Investment Corporation (OPIC) and the U.S. Government’s development finance institution, announced during the the U.S.- Africa Business Summit, that the agency will explore a new project with Sunshine Nut Co., which specializes in cashew processing operations in Mozambique.

OPIC Managing Director for Africa Worku Gachou signed a letter of interest to finance the project at an event marking the launch of Prosper Africa, a new U.S. Government...

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WorldRemit and Orabank partner for online money transfers to Senegal

Leading online money transfer service WorldRemit has joined forces with Orabank to enable instant money transfers to 10 new cash pickup locations in Senegal.

WorldRemit saves customers time and money as they do not have to pay expensive fees at a money transfer agent to send money home. The company offers a variety of convenient ways to send money to Senegal including bank transfer, instant cash pick-up and mobile airtime top-up...

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[Column] Tamer Farouk: What CIOs must do to improve businesses’ IT alignment

It is unlikely to have escaped your attention that the culinary world is witnessing an explosion of fusion cuisine, with chefs mixing various cooking styles and cultures to create previously unimaginable gastronomical delights.

 Challenged to increase the productivity and profitability of their restaurants, these experimental pioneers are embracing innovation to stay ahead of the competition and ensure the long-term viability of the businesses they serve...

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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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