Year 6 | Edition 23 | 2 July 2019
 


Kenyan economy projected to grow by 5.8% on average in 2019, research

The Kenyan economy is projected to grow by 5.8% on average in 2019, according to GDP projections from 16 research houses, global agencies, and government organizations that were tracked during the half-year period, inclusive of Cytonn’s projection of 5.8% as at H1’2019.

The average inflation rate increased to an average of 5.2% in H1’2019, as compared to 4.3% in H1’2018, with June’s inflation rate rising to 5.7% from 5.5% in May 2019...

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Ethiopian Airlines to commence flights to Jordan

Ethiopian Airlines will commence services to Amman, Jordan as of July 16, 2019.    

Located between the desert and the fertile Jordan Valley, Jordan’s capital Amman is a city of contrasts and a fascinating destination for holidaymakers. The thrice weekly direct flights to Amman will be as per the below schedule...

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[Nigeria] LEKOIL, Green Energy International signs the Otakikpo Joint Venture MoU with Schlumberger

LEKOIL, the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, is pleased to announce the Otakikpo Joint Venture (JV) between Green Energy International Limited ("GEIL") and LEKOIL (with LEKOIL as Technical Partner).  

The JV has signed a Memorandum of Understanding ("MOU") with Schlumberger and a subsidiary of a major international oil company which has been operating in Nigeria for more...

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Talk360 partners Ding to establish footprint worldwide

Dutch technology startup, Talk360, has partnered with mobile top-up platform Ding, in a venture that will make the former available at thousands of retail stores worldwide. An expansion of this size brings Talk360’s presence to over a million retail outlets in the world. 

Hans Osnabrugge, CEO Talk360: “This is an important step for us in our goal to make relevant technology accessible to everyone. Customers all over the world can now top up...

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[Ghana] Energy Minister cuts sod for GOIL, SMB Joint Venture project commencement

Ghana Energy minister, Mr. John Peter Amewu, has cut the sod for the commencement of work on the Bitumen plant in Tema. 

The project, estimated to cost about 35 million dollars, is a joint-venture between GOIL Company Limited and Societe Multinationale de Bitumes, (SMB) of Côte D’ Ivoire. ..

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[Interview] Stephen Newton, CEO, biNU, South Africa

Stephen Newton is a South African entrepreneur and business leader, the current Chief Executive Officer of biNU, South Africa.

What does your company do?

We have two business divisions: Moya is our b2c service while biNu is our b2b. We developed the Moya Messenger app to prove the #datafree model, a route that is proving to be very successful. Moya is similar to WhatsApp, except messages and the browsing of content in our Discover section are...

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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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