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

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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