Year 6 | Edition 28 | 30 July 2019

Greening Ethiopia Initiative plants 200 million saplings in a day

A nation-wide tree planting initiative kicked off on the morning of Monday 29th July aimed at breaking the world record of planting 200 million saplings on a single day. India currently holds the world record.

Officially launched by Ethiopia’s Prime Minister Abiy Ahmed in May, the nation-wide reforestation program, also popularly known as green legacy, is aimed at recovering the trees and forests that have been lost over the years...

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[Nigeria] MTN subsidiary, Yello Digital Financial Services, receives super agent license from Central Bank

MTN Nigeria has announced that its subsidiary, Yello Digital Financial Services Limited ("YDFS") has been granted a full Super Agent License by the Central Bank of Nigeria.

The Super Agent licence enables the scale launch of MTN Nigeria's fintech strategy. The licence will enable MTN to convert their existing airtime agents and recruit other small businesses to distribute financial services...

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[Column] Tamer Farouk: Using tech to put CFOs in the driver’s seat of their organizations

New innovations in financial IT solutions are opening several opportunities for finance decision-makers in Africa. But realizing the full value of these innovations will require leadership and vision.

Earlier this year, the financial platform service M-Pesa announced that it has more than 20.5 million active users and over 27 million subscribers across Africa. This represents an important milestone for the continent and demonstrates the...

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[Egypt] Wartsila supports local industries by increasing power plants capacity by two thirds

The technology group Wärtsilä will supply additional capacity for an existing power plant located in Borg El Arab, an industrial city some 45 kilometres southwest of Alexandria, Egypt.

The plant is owned and operated by the National Electricity Technology company, Kahraba, a part of the Egypt Kuwait Holdings (EKH) Group. Kahraba is one of the largest private electricity service providers in Egypt. The order with Wärtsilä was placed in June 2019...

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Japan invests $1.8 million in UNIDO’s bioplastics project in South Africa

The Government of Japan and the United Nations Industrial Development Organization (UNIDO) have signed a funding agreement for a project to support a transition from conventional plastics to sustainable alternatives in South Africa.

The Government of Japan announced the funding support of US$1.8m for the UNIDO project during the G20 Osaka summit in June when the Prime Minister of Japan, Shinzo Abe, held a summit meeting with the President of the Republic of South...

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[Column] Anne Wambui Gaitha: African Trade Agreement key to Financial Services, Logistics, Tourism industries

I believe that the African Continental Free Trade Agreement (AfCFTA) is a game changer in international trade and will be an amazing opportunity for African brands.

Traditionally the trade flows in Africa have revolved around exporting raw materials to Europe and the Far East and then importing value added products from global trade partners. This has not benefited many African businesses, especially the SMEs as they have not been able to compete with the...

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[Interview] Mary Njoku, Director General, ROK Film Studios, Nigeria

Nigerian Film and Entertainment Studio, ROK, was recently acquired by French media giant, CANAL+. Mary Njoku, the leader of ROK, talks to Africa Business Communities about the aquisition and what it means for the African entertainment industry.

Please tell us about ROK and its work since inception.

ROK Studios was launched in 2013 and is a leading African film and original series studio and production house based in Lagos, Nigeria. We specialize in the creation of content in...

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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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