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

Urgent regional cooperation needed to tackle rising piracy attacks in Gulf of Guinea 13-11-2019 | 12:33:00
Following the attack of two vessels in the Gulf of Guinea last week, the International Transport Worker’ Federation called for urgent global and regional cooperation to fight piracy in the region.

Ecobank signs up to UNEP principles for responsible banking 13-11-2019 | 11:31:00
Ecobank Transnational Incorporated has become an official Signatory to the UN Principles for Responsible Banking: a single framework for a sustainable banking industry.

SDX Energy commences production at South Disouq concession, Egypt 13-11-2019 | 10:47:00
SDX Energy, the MENA-focused oil and gas company, is pleased to announce the commencement of production from its operated South Disouq concession in Egypt.

Anglo African Oil & Gas finds rig for Tilapia drilling offshore Congo 13-11-2019 | 10:04:00
Anglo African Oil & Gas (AAOG), has entered into a rig option agreement to source for a drilling rig for a well at its Tilapia field offshore the Republic of the Congo, in which the Company has a 56 per cent interest.

Power Africa and Africa50 partner to implement energy and transmission projects 13-11-2019 | 09:12:00
Power Africa and Africa50 have signed an MOU for a new partnership focused on attracting power sector financing and developing innovative public private partnership models in sub-Saharan Africa.

European Investment Bank announces $1 billion lending programme for African women entrepreneurs 13-11-2019 | 07:15:00
The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent.

Fire onboard Polar Marquis offshore Senegal 12-11-2019 | 11:43:00
GC Rieber Shipping ASA reports to have had a fire onboard its managed vessel Polar Marquis, offshore Senegal yesterday Monday November 11th 2019.

Vivo Energy Morocco, Myher Holding partner to accelerate distribution activities in the southern region 12-11-2019 | 11:20:00
Vivo Energy Morocco and Myher Holding announce their partnership in the company Sopétrole to accelerate the deployment of their distribution activities in the Provinces of southern Morocco.

UNIDO, partners rolls out 500,000 clean cook stoves in Tanzania 12-11-2019 | 10:48:00
The United Nations Industrial Development Organization (UNIDO) and its partners initiated the roll-out of 500,000 ethanol cook stoves to households in various wards of Dar es Salaam, Tanzania.

LOC awarded marine assurance and inspection contract with BP Egypt 12-11-2019 | 10:06:00
LOC announces that it has become the third-party provider for marine assurance & inspection with BP Egypt.

South African Airways embarks on restructuring, process may lead to job losses 12-11-2019 | 08:50:00
South African Airways has informed all its 5146 employees that it is embarking on a restructuring process which may lead to job losses.

[Angola] IFC opens office to support private sector growth 12-11-2019 | 08:29:00
IFC, a member of the World Bank Group, has opened an office in Angola to deepen its support for private sector development and economic diversification the country.

EIB expands trade & investment insurance benefits to West Africa 12-11-2019 | 07:57:00
The EIB has formally agreed to support membership expansion of the African Trade Insurance Agency with a concessional financing facility to cover the shareholding of three prospective members - Cameroon, Niger and Togo.

African Development Bank to launch the 2019 Electricity Regulatory Index in South Africa 12-11-2019 | 07:17:00
The African Development Bank will officially launch its Electricity Regulatory Index (ERI) 2019 at this year’s Africa Investment Forum, Africa’s premier investment marketplace, currently underway in Johannesburg, South Africa.

South African Aberdare Cables seeks to supply Nigeria with quality cables and transformers 12-11-2019 | 06:58:00
The Port Elizabeth, Eastern Cape-based cables and transformers for electricity manufacturer, Aberdare Cables is seeking to supply Nigeria with quality cables and transformers at a competitive price.


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