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

31-03-2020 | 07:42:00
[South Africa] Sasol, government partner to produce unique blend of alcohol-based chemicals for hand sanitisers
Sasol has partnered with the government to develop a new unique blend of alcohol-based chemicals to be used in manufacturing of hand sanitisers to help address the increase in market demand for the product.

31-03-2020 | 06:56:00
BADEA allocates $100 million to assist Sub-Saharan Africa fight against COVID-19
The Arab Bank for Economic Development in Africa (BADEA) has allocated $100 million to support Sub Saharan African countries’ efforts to prevent and limit the spread of COVID-19.

30-03-2020 | 14:10:00
Plans underway to acquire new COMESA headquarters
The Yellow Card Scheme has committed US$ 3.6 million towards the acquisition of the proposed new headquarters of COMESA.

30-03-2020 | 13:58:00
[South Africa] Absa launches extensive COVID-19 payment relief programme
As South Africa and the world confront the public health, financial and economic implications of the COVID-19 pandemic, Absa Group is rolling out an extensive relief programme for eligible customers impacted by COVID-19.

30-03-2020 | 12:03:00
Afreximbank's $3-billion facility to cushion impact of COVID-19
The Afreximbank has announced a $3-billion facility, named Pandemic Trade Impact Mitigation Facility to help African countries deal with the economic and health impacts of the COVID-19 pandemic.

30-03-2020 | 11:39:00
African Development Bank launches $3 billion “Fight COVID-19” Social Bond
The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.

30-03-2020 | 11:07:42
[South Africa] Standard Bank extends instalment relief measures to personal account customers
The Standard Bank has announced a second wave of relief to help its customer base navigate financial commitments as Covid-19 continues to impact the livelihood of many individuals across the country.

27-03-2020 | 08:18:58
South African Airways Acting CEO retires early
The Board of Directors at the South African Airways (SAA) announced it has accepted the request from Ms Zuks Ramasia, SAA Acting CEO, for early retirement with her last date of employ being14 April 2020.

27-03-2020 | 08:00:00
World Bank supports Madagascar's investment in human capital
The World Bank approved a $100 million development policy operation to support the Government of Madagascar’s investment in human capital.

27-03-2020 | 07:42:00
EAIF adopts IFC Master Cooperation Agreement to boost growth, jobs in Sub-Saharan Africa and MENA
The Emerging Africa Infrastructure Fund (EAIF) became the 34th development finance institution to join IFC’s Master Cooperation Agreement to collaborate on expanding private sector investments in African and Middle East infrastructure.

26-03-2020 | 14:20:00
Air Seychelles receives new A320neo aircraft to boost operations
Air Seychelles has announced that the airline has taken delivery of its new A320neo aircraft registered as ‘S7-PTI’.

26-03-2020 | 12:15:00
[South Africa] JSE aligned essential services as country prepares for national lockdown
As South Africa prepares for a national lockdown tonight due to the COVID-19 pandemic, the Government has identified the JSE as an essential service required to enable smooth functioning of the markets during the 21-day lockdown period.

26-03-2020 | 10:37:00
Vaalco completes drilling program offshore Gabon
Vaalco Energy has announced the completion of its 2019/2020 drilling program in the Etame Marin permit located offshore Gabon.

26-03-2020 | 09:25:00
IATA urges African and Middle Eastern governments to give airlines emergency support
The International Air Transport Association is appealing to governments in Africa and the Middle East to provide emergency support to airlines as they fight for survival as a result of the COVID-19 crisis.

26-03-2020 | 09:23:00
Ford temporarily suspends production in South Africa in response to coronavirus
Ford Motor Company is temporarily suspending vehicle and engine production at its International Markets Group (IMG) manufacturing sites in response to the growing impact of the coronavirus.


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Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

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