Year 7 | Edition 1 | 24 January 2020
 

Unilever Nigeria appoints Carl Cruz Managing Director

The Board of Unilever Nigeria Plc has appointed Carl Cruz as its new Managing Director to takes over the management and leadership of the company effective 1st February 2020.

Cruz is taking over from Adesola Sobande-Peters who was appointed interim director following the resignation of Yaw Nsarkoh in November. He is currently the Chairman of Unilever Sri Lanka. He holds a Bachelor of Science degree in Marketing from De La Salle University, Philippines...

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[Zambia] Mobe Sugar set to open $166 million sugar refinery plant

Mobe Sugar Company, a wholly owned Zambian private manufacturing company has initiated talks with Luanshya Municipal Council, North-Central Zambia on opening a sugar refinery and auxiliary factories in the district worth over $166 million.

Company Board Chairperson Tarcisio Chanda said his company is in the process of sourcing $554 million to finance the sugar manufacturing project, which also includes a 17,000 hectares sugar estate to be established on the banks of the Kafue...

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[Nigeria] 9mobile launches Artificial Intelligence customer assistant

Nigeria’s telecommunication company 9mobile has reaffirmed its commitment to a superior experience for its customers with the launch of 'Enin', a personal digital customer assistant on the 9mobile network.

'Enin', an Artificial Intelligence-enabled chatbot solution, is the first-of-its-kind by any Nigerian telco which provides virtual assistance to customers and interacts with them as a human would. According to Acting Director, Customer Care, 9mobile, Ehimare Omoike, 'Enin' performs several roles such as...

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Improving digital access offers investors opportunity to achieve SDGs in Africa, Standard Chartered

Opportunity2030: The Standard Chartered SDG Investment Map reveals a $197 billion opportunity for private-sector investors in five high-growth markets in Africa to help achieve the UN’s Sustainable Development Goals (SDGs), with improving digital access making up $74.5 billion of that total.

The study highlights opportunities for investors to contribute to three infrastructure-focused goals between now and 2030: SDG 6: Clean Water and Sanitation, SDG 7: Affordable and...

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African tech startup funding hits $491m in record-breaking 2019, Disrupt Africa report

2019 was the best year yet for investment into the African tech startup space, with 311 companies banking a combined US$491.6 million.

This is according to the annual African Tech Startups Funding Report 2019 released by startup news and research portal Disrupt Africa, which is now in its fifth year. The report, which tracks the total amount of funding raised by African tech startups each year, found the number of startups that secured investment increased by more than 50 per cent on 2018...

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[Interview] Clément Uwajeneza, Country Director, Andela, Rwanda

Clément Uwajeneza is leading the Rwandan arm of Andela's international organization of software engineers in Africa. Africa Business Communities has a brief chat with him.

What does Andela do?

Andela is an engineering-as-a-service business that builds distributed engineering teams quickly and cost-effectively. We build distributed engineering teams with Africa’s top software engineers; we currently have 1,000+ engineers working as full-time, embedded members of development teams at...

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[Column] Dominique Collett: South African fintech in 2020 - what can we expect?

Fintech is rapidly transforming the very essence of global financial services. Here at AlphaCode, we spend a lot of time researching and thinking about how technology, social media and a transforming consumer base is enabling new business models and changing the financial services landscape.

AlphaCode is the Rand Merchant Investment Holdings (RMI) incubation, acceleration, and investment initiative that identifies, partners, and grows early stage financial service...

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[Startup Interview] George Kissinger Adem, CEO, House of Kissinger, Kenya

George Kissinger Adem is the Founder and CEO of House of Kissinger (HOK) a Kenyan online lifestyle management platform that connects Tourists/VIPs/Expatriates to their favourite luxury and essential goods & services.

Kindly give us a brief introduction of your startup and what it does?

House of Kissinger is a lifestyle management platform that outsources personal tasks to notable firms and individuals. We work to give our clients the utmost quality, convenience, privacy and efficiency when undertaking personal tasks...

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[Column] Avinash Ramtohul: Artificial Intelligence gaining grounds in Africa?

Artificial Intelligence (AI) brings a whole new dimension to the drive for customer intimacy. The convenience customers experience weighs heavier than any reduction in privacy. Customers also increasingly express their willingness to welcome intimacy, motivated by improved personalized services.

There are two trends we see emerging with the delivery of customer service: Customer privacy and Customer intimacy. Digital customer intimacy (commonly known as customer...

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Africa Business Communities Networking Event | Nairobi | 13 February 2020

Africa Business Communities is open for networking! Every last Thursday of the month you are welcome to meet our team and network. This edition Africa Business Communities founder Bas Vlugt will join us.

Please note: this is an open, informal, non-sponsored networking event. There will be no program - so no waste of time - this is pure business networking. You will be...

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News Headlines

02-06-2020 | 10:09:00
Germany looks to facilitate private sector investments in Africa
With the recent ‘AfricaConnect’ €400 million initiative under DEG’s management, the German Development Ministry is looking to increase private sector investments and cooperation with the African continent.


02-06-2020 | 07:48:00
Global Partnership for Education increases COVID-19 emergency fund
The Global Partnership for Education (GPE) will provide an additional $250 million to help developing countries respond to the immediate and long-term disruptions to education caused by the COVID-19 pandemic.


01-06-2020 | 07:51:00
African Development Bank mobilizes $22 million for low-income countries in the ECOWAS region
The African Development Bank approved an emergency project in favor of low-income countries members of ECOWAS for strengthening the health systems of The Gambia, Mali and Niger.


01-06-2020 | 07:21:00
Rand Merchant Bank confirms $15bn funding for LNG project in Mozambique
The Rand Merchant Bank (RMB) confirmed that a liquefied natural gas (LNG) project in Mozambique is expected to receive $15 billion (R267bn) of financing commitments at a signing scheduled for June 2020.


01-06-2020 | 07:05:00
Sudan, WFP sign agreement on Sudan family support programme
The Government of Sudan and the United Nations World Food Programme (WFP) have signed a Memorandum of Understanding (MoU) to support the government’s Family Support program that will provide Sudanese families direct cash transfers.


01-06-2020 | 06:44:00
World Bank approves $25m to help Djibouti grow economy, improve access to services
The World Bank approved two new projects totaling $25 million in credit from the International Development Association (IDA), to help Djibouti address vulnerability, foster inclusive economic growth and improve service delivery.


29-05-2020 | 14:12:00
UNWTO launches global guidelines to reopen tourism
The World Tourism Organization (UNWTO) has released a set of guidelines to help tourism sector emerge stronger and more sustainably from COVID-19.


29-05-2020 | 10:24:00
AFD provides €70m to improve water and sanitation in Morogoro, Tanzania
The Government of Tanzania and the French Development Agency (AFD) signed a financing agreement for a 70M€ concessional loan aiming at improving water supply and sanitation services for the residents of Morogoro Municipality.


29-05-2020 | 09:10:54
[South Africa] Sasol announces its not divesting its fuel retail business
Sasol, an international integrated chemicals and energy company announced that it is not divesting its downstream fuel retail business as part of its ongoing asset disposal process.


29-05-2020 | 07:11:00
[Nigeria] NCDMD launches initiatives to drive innovations in oil and gas industries
The Nigerian Content Development and Monitoring Board (NCDMB) has launched BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry.


29-05-2020 | 07:08:00
[Nigeria] Premium Pension appoints Alhassan Babayo as Board Chairman
The Board of Premium Pension appointed Mr. Ibrahim Alhassan Babayo as its new Chairman, following the retirement of the erstwhile Chairman Arc. Yunusa Yakubu who held the position since 2017.


28-05-2020 | 07:44:00
COVID-19 creates fundamental shifts in Africa's consumers, Nielsen
The COVID-19 pandemic has given rise to a new kind of African consumer who is already displaying fundamental shifts in consumption and purchase behaviour.


28-05-2020 | 07:36:18
African Natural Resources Centre unveils publication to advance critical land policy reforms
In response to challenges across Africa around land ownership and use, the African Natural Resources Centre (ANRC) of the African Development Bank is launching a series of articles to aid policy debate.


27-05-2020 | 11:28:00
[South Africa] Unemployment Insurance Fund pays out R15bn
The South African Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries.


27-05-2020 | 10:45:04
Fugro detours for Ifremer's Mayotte underwater volcano survey in Africa
A Fugro vessel heading from the Netherlands to South Africa has made a 10-day detour to support Ifremer, the French Research Institute for Exploitation of the Sea, in monitoring a giant active underwater volcano off the east coast of Africa.


 

 
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