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

19-09-2020 | 11:15:00
Qatar Airways increases more African services
Qatar Airways is to resume services to Entebbe, Seychelles, and Windhoek, as well as many more global destinations.


19-09-2020 | 06:02:00
AfDB approves $500k emergency relief to boost clean-up of marine oil spill in Mauritius
The Board of Directors of the African Development Bank has approved a $500,000 emergency assistance grant to support international recovery efforts after a significant oil spill earlier this year off the coast of Mauritius.


18-09-2020 | 07:42:08
[South Africa] Edcon concludes sale for parts of Edgars business to Retailability
Edcon announced that the sale of parts of the Edgars business in South Africa to Retailability has been implemented, with all approvals from regulatory authorities and all conditions precedent either fulfilled or waived.


17-09-2020 | 15:59:00
BrightLife appoints Laurynas Vaičiulis CEO of Uganda
BrightLife, a social enterprise by FINCA International, has announced the appointment of Laurynas Vaičiulis as Chief Executive Officer.


17-09-2020 | 14:21:00
Kenyan Government partners with private sector, development partners to outline roadmap to achieve energy efficiency goals
The Kenyan Government through the Ministry of Energy launched the Kenya National Energy Efficiency and Conservation Strategy, placing Kenya firmly on track toward sustainable consumption and production including renewable energy generation.


17-09-2020 | 06:56:00
South Africa's influencer marketing agency R-Squared formally partners with syndicated agencies
R-Squared, South Africa's influencer marketing agency announced a formal partnership with industry leaders such as iProspect and Posterscope of the international Dentsu Aegis Network.


17-09-2020 | 06:37:00
Traceable, commercially viable artisanal gold supply chain now operational in Côte d’Ivoire
After a first export of gold, IMPACT and the European Union announced a traceability and due diligence system from mine site to the international market for artisanal gold from Côte d’Ivoire has been successfully implemented as part of the Just Gold project.


17-09-2020 | 06:26:00
Global and African leaders welcome launch of Global Center on Adaptation (GCA) Africa
The Global Center on Adaptation (GCA) Africa announced the launch of its regional office in Côte d’Ivoire. Hosted by the African Development Bank at its headquarters in the Ivorian capital Abidjan, GCA Africa will work with partners across the continent.


16-09-2020 | 07:58:00
Nestlé appoints Joëlle Abega the first female factory Manager in Central and West Africa
Nestlé Côte d’Ivoire’s Joëlle Abega-Oyouomi is one such example. She is the first-ever female factory manager in Nestlé Central and West Africa.


16-09-2020 | 07:20:23
World Bank sets ambitious targets for green and resilient economic growth in Africa
The World Bank released the Next Generation Africa Climate Business Plan (NG-ACBP), which sets out a blueprint to help Sub-Saharan African economies achieve low carbon and climate-resilient outcomes.


16-09-2020 | 06:22:37
AngloGold Ashanti receives unconditional approval to sell its South African mines
AngloGold Ashanti announced that all conditions precedent have been met with respect to the sale of its remaining mines in South Africa to Harmony Gold Mining Company.


15-09-2020 | 15:18:36
Lumos secures $35 million solar investment to power one million people in Nigeria
Lumos, Africa's solar home system provider, has announced new financing from U.S. International Development Finance Corporation (DFC) to expand its existing market for reliable, accessible and clean solar power in Nigeria.


15-09-2020 | 09:09:00
Hapag-Lloyd expands its footprint in West Africa, opens office in Nigeria
German international shipping and container transportation company Hapag-Lloyd has expanded its footprint in West Africa by opening a new office in Lagos, Nigeria.


15-09-2020 | 07:29:41
Air Partner opens new freight office in South Africa
Air Partner, a charter and Freight solutions specialist, has established its first physical presence in South Africa, with a Johannesburg sales office that will provide localised support to Freight clients within the region.


15-09-2020 | 07:25:57
Bollore Transport & Logistics appoints Pierre Ngon as MD of Benin and Niger
Pierre Ngon has assumed the charge as managing director of the Benin/Niger cluster of Bollore Transport & Logistics. He succeeds Jerome Binois.


 


 
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