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

Andersen Global enters Zimbabwe through partnership with Zenas 21-08-2019 | 07:20:41
Andersen Global announced it has signed a collaboration agreement with Chimwamurombe Legal Practice (Zenas) in Zimbabwe.


Equatorial Guinea to build West Africa’s first Liquefied Natural Gas storage and regas plant 21-08-2019 | 07:18:33
Equatorial Guinea is set to construct the first liquefied natural gas (LNG) storage and regasification plant in West Africa.


Wood-saving cookstoves help Zambia cut forest loss 21-08-2019 | 07:12:00
A UNDP-GEF partnership is promoting energy-saving stoves in rural communities in support of the government’s efforts to cut forest loss, clean up cooking, save lives and curb climate change.


Kenya farmers find new fortunes in avocado farming 21-08-2019 | 06:45:00
Kenya’s avocado farming, now christened the green revolution, has seen farmers abandon their traditional crops in favour of harvesting the popular fruit.


BABA TV launched on DSTV in Uganda 20-08-2019 | 06:04:00
BABA TV, the highest-ranked new channel in the 'family' with the best quality picture has been launched on DStv platform in Uganda.


BBC appoints Pierre Cloete as commercial director for branded services in Sub-Saharan Africa 20-08-2019 | 05:57:00
BBC Studios has announced the appointment of Pierre Cloete as commercial director for branded services, Sub-Saharan Africa.


South African Airways restores Hong Kong service 19-08-2019 | 12:59:00
South African Airways has restored flights between Johannesburg and Hong Kong on August 14, which was suspended for two days due to protest action at the Hong Kong International Airport.


Ethiopia to open banks for Ethiopian investors in diaspora 19-08-2019 | 11:18:00
The government of Ethiopia recently passed a law that will enable Ethiopian in other parts of the world to invest in the country’s financial services industry.


Kenya’s animal health industry unveils umbrella body to address sector needs 19-08-2019 | 10:15:00
The animal health industry in Kenya has today launched a new body that will articulate and address the needs of industry players.


[Nigeria] NNPC targets China to boost crude oil reserves 19-08-2019 | 08:53:28
The Nigerian National Petroleum Corporation says strategic partnership and new investments in the Upstream Petroleum Sector are essential for it to actualize the nation’s crude Oil reserves and 3m barrels per day oil production target by 2023.


Kenya Airways adds two direct flights on the Nairobi- Cape Town route 16-08-2019 | 12:05:37
Cape Town Air Access has announced the addition of two direct flights to the weekly Cape Town-Nairobi service, operated by Kenya Airways.


AfroChampions unveils drive to finance the African Continental Free Trade Area 16-08-2019 | 08:46:00
The AfroChampions Initiative has formally launched a private sector investment framework to secure financing for the African Continental Free Trade Area.


Capital Markets Authority approves Kenya’s first green bond 16-08-2019 | 06:55:00
Capital Markets Authority (CMA) has approved the issuance of Kenya’s first unlisted green bond, to be issued by Acorn Project (Two) Limited Liability Partnership.


EgyptAir’s B787-9 Dreamliner set to fly to Beijing 16-08-2019 | 06:47:06
EgyptAir has said that the first ever flight for the sixth and last Boeing 787-9 Dreamliner is set to be operated on the company's route to Beijing on Sunday.


Africa Oil announces major oil discovery offshore Guyana 15-08-2019 | 14:13:43
Africa Oil is pleased to announce a significant oil discovery on the Orinduik Block, offshore Guyana.


 


 
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