Year 6 | Edition 40 | 12 December 2019
 

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 fueled by large oil and gas discoveries and subsequent increased investor appetite, the MSGBC Basin shines through one of the most exciting areas of frontier exploration in the region. 

Read on to find out how recent discoveries and a stable operating environment is steadily allowing Senegal to guide the world's attention to the MSGBC Basin and establish its...

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Global investment firm Partech announces its 2019 milestones and investment in African fintech startups

Partech is a global investment firm with offices in San Francisco, Paris, Berlin and Dakar has announced the completion of eight transactions, six new deals and two follow-on investments in 2019. 

The firm, which also this year announced its presence in East Africa has also deployed according to target mostly on Series A & B, half of these tickets ranging between $3M and $7M. It has also ventured in late seed with two companies impressed with the quality of their founders and their early...

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Paratus is first to bridge Africa from East to West

Paratus, a leading telecoms operator with operational offices in six African countries, is the first telecoms operator to bridge Africa from East to West.

The company has now implemented additional routes for redundancy and is in the process of an aggressive rollout plan, building even more routes across the region to ensure maximum uptime for clients using this route. The company reported in August 2019 that it had finally completed a terrestrial East and West coast of Africa connection between...

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Zambia, Uganda farmers grow yields three fold with drought tolerant maize

Zambia’s vice-president has recently called to reduce maize dominance and increase crop and diet diversification in his country. The reality is that maize is and will remain a very important food crop for many eastern and southern African countries.

Diet preferences and population growth mean that it is imperative to find solutions to increase maize production in these countries, but experts forecast 10 to 30% reduction in maize yields by 2030 in a business-as-usual scenario, with...

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JUA Technologies and BrazAgro to distribute solar-drying tray in East Africa

JUA Technologies International, a Purdue University-affiliated startup developing solar-powered crop-drying devices, is partnering with BrazAgro Ltd., a supplier of Brazilian farm machinery, to distribute its solar-drying tray.

Dehytray is a solar-drying solution for small and mid-size growers and food processors and home gardeners. Its convenient size and ease of use are backed by years of research into drying technology. It is durable, approved for...

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[Interview] Jerry Oche, CEO, Growsel, Nigeria

Growsel is a Nigeria based Agritech startup that is working with farmers to simplify activities from farm to folk using ICT.

The startup is also involved in peer-to-peer lending and crowdfuding to create opportunities that will empower and support to local farmers...

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[Column] Josephine Wawira: How Black Friday is giving Africa's economy a lift

It is quite phenomenal how in recent years, both e-commerce players and retailers have used Black Friday to sweep thrifty shoppers off their feet. So much that the shopping event is no longer restricted to a single-day shopping spree but has rather taken over the entire month to become Black November.

 If you drove around the streets of Nairobi, Lagos and Johannesburg for instance, the number of billboards showing discounted Black Friday sales, as well as digital advertisements, are proof of the retailers’ craze to maximize...

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[Column] Jeremy Potgieter: South Africa’s five-year goal for IoT

In five years, the world will have more than 40 billion devices. Locally, IoT specialist, Eseye, says that South African CIOs are recognising IoT (Internet of Things) and M2M (Machine to Machine) technologies as strategic imperatives, but the journey is still in its infancy.

“As legacy systems start to reach end of life, digital shifts will become inevitable. This, coupled with an increasing demand for improved bottom line results from existing and new markets, makes IoT a more viable option over the next five...

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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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