Year 6 | Edition 27 | 23 July 2019

[Morocco] Royal Air Maroc partners with Wirecard to integrate digital payments globally

Wirecard, the global innovation leader for digital financial technology, is handling payments for online and travel agency bookings for Royal Air Maroc, Morocco's national airline, and one of Africa's leading and fastest growing airlines.

Royal Air Maroc is set to join the oneworld alliance in mid-2020, and has annual passenger figures of 7.4 million with an average of 245 daily departures. In 2018, Royal Air Maroc and its subsidiaries generated revenues of EUR 1.5 billion...

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[Nigeria] NNPC records N6.33b trading surplus
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N6.33 billon for the month of May 2019, a figure which is 13 per cent higher than the N5.60 billion surplus posted in the preceding month of April 2019.
Details of the report contained in the May 2019 edition of the NNPC Monthly Financial and Operations Report (MFOR) released today, attributed the modest rise to the increase in gas and power output which contrasts with the figure for the...

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[Column] Hans van Linschoten: AfCFTA and what it means for cloud in Africa

After years of waiting, the African Continental Free Trade Area Agreement (AfCFTA) finally came into force. The objective of AfCFTA is to create a single continental market for goods and services, with free movement of business persons and investments.

This good news comes in handy for tech and cloud companies in Africa. I mean, the continent just became the world’s largest free trade area. 55 countries coming together to become a single market of 1.2 billion people with a...

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African market lagging behind in 4G uptake, report

On the surface, 4G service rollout in African markets appears to be going well. Around 115 LTE networks are commercial, or expected to launch in the continent before the end of 2018.

On average, since 2015, around 20 new 4G networks launch in Africa every year. This is according to Research and Markets report dubbed The "The State of African 4G: 4G Progress, Spectrum Value and the Precarious Case for African Data...

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[Column] Michael Arum: Sugar industry faces exacerbated decline and extinction on proposed regulations in Kenya

Kenya’s sugar industry has many natural advantages, almost all of which have been undermined by policy and public mismanagement that has seen its productivity slump. As a result, when import protection ends, supposedly next year, the industry will be immediately undercut by far cheaper imported sugar.

The costs to Kenya will be huge. A quarter of a million farmers grow sugar cane. Up to six million Kenyans draw a livelihood from Kenyan sugar...

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[Interview] Peter Macharia Kamau, CEO, Jijenge Credit Limited, Kenya

Peter Macharia Kamau is a seasoned banker with over 30 years experience in the Banking Industry. Peter founded Jijenge Credit, a lending institution operating since 2014 within East Africa. 

What does your company do?

Jijenge Credit is a non-deposit taking Micro Finance Lending Institution with over 10,000 clients in Kenya, Sudan and Tanzania, and its head office is at Town House, Nairobi, Kenya...

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Africa Business Communities Networking Event

Africa Business Communities Networking Event

La Mesa Bar | Mövenpick Hotel | Mkungu Close, Westlands | 49719  Nairobi

Africa Business Communities is open for networking! Every last Thursday of the month you are welcome to meet our team and network - every month a different location...

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News Headlines

11-12-2019 | 14:08:00
World Bank launches new Country Partnership Framework for Republic of Congo
The World Bank Group has endorsed a new five-year Country Partnership Framework to support Republic of Congo’s development objectives for 2020-2025.

11-12-2019 | 13:56:00
Senegal leads opportunity boom in the MSGBC Basin
In the context of what PwC’s Africa oil & gas review 2019 describes as an exciting growth phase for the continent fuelled by large oil and gas discoveries and subsequent increased investor appetite, the MSGBC Basin shines through.

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.


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