Year 7 | Edition 2 | 28 January 2020
 

Plans to put in place East African single currency by 2024 well underway

The East African Community Partner States are in the process of harmonizing critical policies and putting in place the requisite institutions to attain a single currency for the region by 2024 as outlined in the EAC Monetary Union Protocol.

EAC Secretary General Amb. Liberat Mfumukeko said that the Bill for the establishment of the East African Monetary Institute (EAMI) had already been assented to by the Summit of Heads of State, adding that the EAMI would later be...

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[Ethiopia] Leasing scheme helps farmers purchase small-scale agricultural machinery

A new small-scale agricultural machinery leasing scheme in Amhara region, Ethiopia is offering farmers and group of farmers the opportunity to buy agricultural machineries with only 15-20 per cent advance payment and the rest to be paid during a three-year period.

Three farmers participated in the pilot phase of the project. This initiative, led by the International Maize and Wheat Improvement Center (CIMMYT) and the German Development Agency (GIZ), is one more step to expand small-scale...

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Gigawatt Global begins construction on Burundi’s grid-connected solar field

Gigawatt Global’s 7.5MW solar plant in Burundi becomes the first grid-connected project supported by the Renewable Energy Performance Platform (REPP) to begin full construction.

The project is also the first grid-connected solar development by an independent power producer (IPP) in Burundi. It is hoped the success of the venture will pave the way for further foreign investment into the country’s renewable energy sector by demonstrating the government’s increased capacity - and...

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DPO Group extends operations to Senegal, Côte d'Ivoire and DR Congo

DPO Group, a payments technology company in Africa, has announced that it is now operating in Senegal, Côte d'Ivoire and the Democratic Republic of Congo in francophone Africa.

The company works with over 100,000 merchants throughout Africa enabling businesses to pay and be paid on and offline quickly, securely and easily. "We believe that there is significant potential for e-commerce in francophone Africa, making the region a key focus area for us. While we've been...

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Nigeria’s Paga acquires Ethiopia-based Apposit

Nigerian fintech startup Paga, poised for global expansion, has announced its acquisition of Apposit, a United States (US)-based technology company with operations in Ethiopia.

Founded in 2009, Paga provides Nigerians with safe and convenient ways of making payments, allowing money to be sent to any phone number for the beneficiary to redeem at a Paga agent or at an ATM via a cardless withdrawal. Customers can also use Paga to deposit money to bank accounts in...

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[Column] Wandile Sihlobo: South Africa’s agricultural machinery market underperformed in 2019, how will 2020 be?

South Africa’s agricultural machinery market is one of those sectors that “feels the cold when farmers are sneezing”, and 2019 was certainly that case. South Africa’s primary agriculture underperformed because of drought and biosecurity issues, amongst other aspects.

The constrained farmers’ income on the back of the aforementioned factors was reflected in agricultural machinery sales for 2019. Tractors and combine harvesters’ sales were...

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[Interview] Lateef Wiredu, CEO, Ilaha Ghana Company Ltd

Often regarded as one of the orphan crops as more farmers abandon it for more modern crops, the West African yam is making a big come back and conquering international markets thanks to the value addition efforts of Lateef Apau Wiredu, the owner and CEO of Ilaha Ghana Company Limited that specializes in the farming and export of agricultural products.

The company has been working with farmers through an out grower scheme in its signature crop, the yam, and then processing the fresh yams into frozen sliced precooked yam...

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[Column] Andy Papastefanou: Standardising eSignatures to drive adoption

The eSignature market is highly regulated with a plethora of choices when it comes to vendor solutions. Organisations are often overwhelmed with a vast range of possibilities when implementing electronic signatures into their business processes, and this often stifles the adoption.

Key to any eSignature solution selection is understanding what standards have been established to ensure that the organisation’s investment is protected. Standards have a...

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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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Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

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