Year 6 | Edition 39 | 27 November 2019
 

Equatorial Guinea to construct a gas megahub project

Equatorial Guinea’s government has announced its plans to construct a natural gas megahub project. This will consist of interlinked production, aggregation and processing facilities offshore and onshore, and will tie in to existing facilities.

The project is led by the Ministry of Mines and Hydrocarbons (MMH) in collaboration with oil and gas companies. The first phase of the project is to implement a new gas supply agreement signed between the MMH and Noble Energy...

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AWS uncovers the African Startups ecosystem

AWS South Africa recently embarked on a journey to bring AWS Startup Days to Johannesburg, Lagos, Accra and Nairobi. AWS Startup Days are free events for early-stage founders, developers, and investors that aim to help early-stage founders build quickly with AWS services.

They do this by providing networking opportunities and hosting business advice events, with tips on how to get funding, how to market your products efficiently, and how to...

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ECA, ITFC partner to bolster trade between Arab and African countries, generate growth and employment

The Economic Commission for Africa (ECA) and the International Islamic Trade Finance Corporation (ITFC) signed an agreement to step up their cooperation in support to economic and social development as well as trade among their member countries.

The agreement builds on ECA and ITFC’s strengths and strategic priorities to foster regional integration and promote sustainable and inclusive growth. It will enable both organizations to increase joint activities in areas such as...

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[Kenya] Equity’s FinTech innovations in Merchant banking continues to boost digital commerce

Mobile-money continues to be the key driver behind the digitization of payments, this has seen Equity Bank through mobile wallets, cards and digital payments record significant growth over the past one year.

The use of 3rd party infrastructure, mainly merchant and payment points has enabled the creation of seamless distributed bridges for conversion of cash and digital currency. This also saw Merchant commissions grow by 19% to reach...

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[Column] Mukhisa Kituyi: We need a more inclusive and sustainable model of development

At a time when the UN system reforms are bringing the three pillars of sustainable development more closely together, it is important to highlight the persisting need for a more inclusive and sustainable model of growth and development.

In 2014, UNCTAD calculated that UN member states face an aggregate US$2.5 trillion annual shortfall in meeting the investment needs of the Sustainable Development Goals (SDGs). We are proud that the UN still uses this figure to...

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[Interview] David Mbuta, CEO, Ubuntu Meal Delivery Services, Zambia
David Mbuta is the founder of Ubuntu Meal Delivery Services Ltd, a Zambian startup that is riding on a burgeoning working class conscious about their health and looking for convenience.

The company offers food delivery services from any restaurant of a customer’s choice, a forte that has seen it grow to now handle over 400 deliveries every month. He explained to Africa Business Communities the growth journey and the ambitions to scale operations by targeting fresh produce...

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Africa Business Communities Networking Event | Nairobi | 28 November 2019
Africa Business Communities is open for networking! Every last Thursday of the month you are welcome to meet our team and network...

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News Headlines

17-02-2020 | 11:04:00
[Nigeria] Jaiz Bank declares N1.79b profit
Jaiz Bank, Nigerian non-interest Sharia-compliant financial institution, has declared a profit after tax of N1.79 billion in its 2019 unaudited financial results as submitted to the Nigerian Stock Exchange.


17-02-2020 | 09:09:00
Royal Air Maroc and British Airways sign codeshare agreement
British Airways and Royal Air Maroc have announced a new codeshare agreement which will open up new routes across Morocco including Casablanca and Agadir.


14-02-2020 | 13:27:00
IFC helps Egypt's microfinance company build capacity, boost outreach
IFC, a member of the World Bank Group, signed an agreement with Egypt’s largest microfinance organization Tanmeyah, to help increase its sustainability and boost its outreach to underserved groups across the country.


14-02-2020 | 13:11:00
[Nigeria] Airbus and Green Africa Airways sign agreement for 50 A220s aircraft
Nigeria’s Green Africa Airways, has signed an MoU for 50 A220-300 aircraft, one of the largest orders to be placed globally for the A220 programme and the largest ever from the African continent.


14-02-2020 | 08:30:00
African airlines see passenger demand increase by five percent, IATA report
The International Air Transport Association announced full-year global passenger traffic results for 2019 showing that demand rose by 4.2% compared to the full year of 2018.


14-02-2020 | 06:41:00
Standard Chartered Bank invests $ 1.46 billion to fund Tanzania’s Standard Gauge Railway project
The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a $ 1.46 billion term loan financing to fund the construction of the Standard Gauge Railway.


13-02-2020 | 13:55:00
[Egypt] EGAS signs $43m oil exploration deal with Wintershall Dea
The Minister of Petroleum and Mineral Resources Tarek el-Molla has signed an agreement to search for and produce oil and natural gas in eastern Damanhur area in the Nile Delta.


13-02-2020 | 13:37:00
[Nigeria] Auto sector attracts N360b investment in 2019
The National Automotive Design and Development Council (NADDC) said automotive manufacturing companies in Nigeria made over N360 billion investments into the country’s economy in year 2019.


13-02-2020 | 09:41:00
Accor set for expansion in Ethiopia
Accor, a leading augmented hospitality group, is expanding its presence in Ethiopia after signing a management agreement to open a new property under its design-led economy brand, Ibis Styles.


13-02-2020 | 09:37:00
DRC Government and General Electric sign infrastructure agreement
The Government of the Democratic Republic of the Congo and General Electric have announced signing of an MoU in infrastructure projects enabling the increase in the supply of electric energy and health modernization programs.


13-02-2020 | 08:00:00
[Kenya] Jeneria Lekilelei, lion hunter turned conservationist
Jeneria Lekilelei, a Samburu pastoralist from Kenya has been the face behind protecting lions in the Northern Kenya sanctuary.


13-02-2020 | 06:01:22
Andersen Global enters Republic of Guinea’s market
Marking its debut in the Republic of Guinea, Andersen Global announced the continuation of its African expansion by way of a collaboration agreement with Nimba Conseil, a tax and legal firm based in Conakry.


12-02-2020 | 10:40:00
Somalia, UNESCO sign accord to strengthen efforts to preserve culture, improve education
Somalia and the United Nations culture and education agency signed an agreement aimed at strengthening efforts to preserve the country’s cultural heritage and improve its educational sector.


12-02-2020 | 05:04:00
Africa Influencer Agency launches, introducing digital PR tools to connect business professionals in the continent and beyond
Africa Influencer Agency is a B2B PR platform that will embrace all available digital channels and social media to support brands in telling their stories to the African B2B audience


11-02-2020 | 14:26:00
EBRD and Crédit du Maroc boost green economy and value chains in Morocco
Small and medium-sized enterprises (SMEs) in Morocco will benefit from an EBRD credit line of up to €20 million to Crédit du Maroc dedicated to green investment and the development of value chains.


 


 
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Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

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