Year 6 | Edition 26 | 17 July 2019

[South Africa] Vodacom launches IoT products

Vodacom has launched a range of Internet of Things products that will allow customers to connect and monitor their compatible home and leisure IoT devices to the Vodacom dedicated global IoT network using a dedicated IoT V-Sim.

The “V by Vodacom” range includes the V-Pet tracker, V-Kids Watch tracker, V-bag tracker and a V-Home Safety starter kit with a multipurpose sensor, siren, HD camera and a mobile...

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AFC provides $100 million to Aker Energy’s deep water offshore oil project in Ghana

Africa Finance Corporation, the infrastructure solutions provider in Africa, has financed Aker Energy A.S. a subsidiary of Aker ASA, one of the highest-quality-rated companies in the Norwegian market and a leader in oil, gas and industrials.

 AFC’s support is through investing in US$100 million of convertible bond notes with an intention to participate in follow on fund raising activities...

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HSEVEN launches Africa startup acceleration programme with up to €1.5 million investment per business

HSEVEN, Africa’s largest accelerator is launching “HSEVEN DISRUPT AFRICA”, an ambitious startup acceleration program designed for entrepreneurs of the Moroccan and African diaspora.

The 6-month program will provide a seed investment of €150,000 plus an eventual investment of €500,000 to €1.5 million...

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[Column] Hillary Miller-Wise: How disruptive technology can bring about a Green Revolution in Africa

Population growth may have slowed in many regions of the world, but in Africa it is exploding. With the population set to double by 2050, the question of how Africa will feed itself is becoming increasingly urgent.

Small-scale farms comprise 80 per cent of all farms on the continent and, in some countries, supply 90 per cent of the...

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French media channel, Canal+ aquires Nigerian film studio, ROK

African film studio and international TV network, ROK, has been acquired by CANAL+ Group, comprising production, content distribution and publishing channels.

As part of the transaction, IROKO Ltd will also take full control of the JV IROKO+, the #1 SVOD platform in French-speaking Africa. The move comes as CANAL+ Group looks to strengthen its content production reach in Nigeria and across Africa...

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[Column] Sachen Gudka: Growing manufacturing SMEs from local value chains to global market players

The increased attention on SME growth both at a national and global scale, points to a reckoning that the future of business hinges on their success.

In Kenya’s context, it seems that both Government and private sector are progressively dismantling any one-size-fits all approaches, and are instead, constantly trying to find more nuanced ways to intervene and uplift micro, small and...

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[Africa CEO Forum] What are the opportunities that AfCFTA brings for business?

We regularly ask key players for their opinion on current developments in African business and politics.

This time the question is about the signing of the African Continental Free Trade Agreement by the members of the African Union, which took 17 years of negotiations...

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News Headlines

11-12-2019 | 13:22:58
DOF Subsea secures integrated FSV contract in Africa
Norway’s DOF Subsea has entered into a 2 month long contract with an international energy client in Africa.

10-12-2019 | 13:08:00
Travelstart to power Jumia Travel’s pan African online travel booking portal
Travelstart has entered into a distribution and commercial agreement with Jumia Travel to power the latter’s pan-African online travel booking portal.

10-12-2019 | 12:36:00
USTDA advances petrochemicals development in Egypt
The U.S. Trade and Development Agency awarded a feasibility study grant to the Egyptian Petrochemicals Holding Company (Echem), for what will be Egypt’s first polyoxymethylene (POM) plant.

10-12-2019 | 12:06:00
First homes in Kenya ready in landmark affordable housing initiative
Kenyan President Uhuru Kenyatta launched the first project as part of an ambitious 100,000 affordable homes agreement between the government of Kenya, UNOPS, and Sustainable Housing Solutions.

10-12-2019 | 11:55:15
Total awards Ocean Infinity for 2D high resolution seismic survey in Angola
Ocean Infinity, the next generation sub-sea technology and data company has been awarded a contract by Total E&P Angola.

10-12-2019 | 09:38:00
DBSA concludes $81.30m loan facility with Mozambique’s EDM
The Development Bank of Southern Africa (DBSA) has provided finance to the Government of Mozambique's national energy utility, Electricidade De Mocambique, EDM.

10-12-2019 | 09:15:00
[Egypt] GCR grants rating upgrade to Afreximbank
Global Credit Rating (GCR) has announced an upgrade of the African Export-Import Bank’s (Afreximbank) long-term international scale rating from BBB+ to A-.

10-12-2019 | 09:01:00
EU deepens Ethiopia cooperation with €170m package
On the occasion of her first official visit outside Europe, the new President of the European Commission, Ursula von der Leyen, announced in Addis Ababa, a significant boost to the EU's cooperation with Ethiopia.

10-12-2019 | 08:45:00
EU steps up economic partnership to boost job creation in Kenya
The European Commission (EU) announced two new programmes totalling €31 million to boost investment and create jobs in Kenya.

10-12-2019 | 08:20:00
Top Employers Institute announces the coveted group of Africa’s top employers 2020
Top Employers Institute, a global organization dedicated to accelerating the impact of people strategies to enrich the world of work, has announced Africa’s Top Employers for 2020.

10-12-2019 | 06:55:00
TDB, EIB deepen partnership with $120m 15-year SME, climate action facility in Eastern, Southern Africa
The Trade and Development Bank (TDB) and the European Investment Bank (EIB), signed a USD 120 million 15-year SME and climate action facility to grow the relationship between the Eastern and Southern African countries.

10-12-2019 | 06:25:00
World Bank approves action plan following inspection panel investigation of Uganda energy, water projects
The World Bank considered a Management Report and approved a Management Action Plan that respond to an independent Inspection Panel investigation of the Uganda Energy.

09-12-2019 | 10:30:00
Potential supply chain issues and how to handle them
It’s almost a science to get the supply chain operating just right as business owners need to factor in everything from shipping (import and exports), the manufacturing process, inventory, materials, logistics, and more.

09-12-2019 | 08:43:53
[Ghana] Genser Energy lands $366m funding package
Genser Energy Ghana has has successfully achieved financial close for a USD366m funding package including a new syndicated senior loan facility of USD230m, a mezzanine loan and preference shares.

09-12-2019 | 08:30:00
All On and The Rockefeller Foundation launch hub to support off-grid entrepreneurs in Nigeria
The Rockefeller Foundation and All On, a Nigerian off-grid energy impact investment company funded by Shell, have announced the launch of the All On Hub,


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