Year 7 | Edition 5 | 25 February 2020
 

Siemens Gamesa unveils 59 megawatts wind farm in Djibouti

The 59 MW wind farm built by Siemens Gamesa will almost double the Djibouti’s current installed power generation capacity; Project will help reduce the cost of electricity, increase energy independence and decrease the country’s CO2 emissions; First Siemens Gamesa project with the participation of an African investor.

Energy access rates and reliability in Africa are the lowest in the world and electricity costs are among the highest. In line with its commitment to deliver cleaner, more reliable and...

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[Nigeria] Dangote invests N63b in Anambra Motor Manufacturing Company
Dangote Group has in the last five years invested over N63bn in the South East with the purchase of over 3,500 units of locally assembled Shacman trucks at the production plant of Anambra Motor Manufacturing Company (ANAMMCO), Enugu.

The order was delivered over a period of five years after Dangote Group signed an agreement with Transit Support Services (TSS), a subsidiary of ABC Transport PLC. The partnership started in 2016 with an initial order of 350...

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Mars in a $10 million deal with CARE to boost women agribusiness initiative in Côte d’Ivoire and Ghana

Mars, the global manufacturer of confectionery, pet food, and other food products has partnered with CARE, a leading humanitarian organization fighting global poverty, to promote women’s social and economic empowerment in cocoa-growing communities in Côte d’Ivoire and Ghana.

CARE and Mars Wrigley are building on the success and learnings of their Village Savings and Loans Association (VSLA) initiative with an investment of $10m to aid them to...

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[Tanzania] Tanchoice meat processing firm to start operations of its new plant in April

TanChoice, a meat processing firm in Tanzania is set to commence operation of its new meat processing plant in April this year. The new plant worth $10m will have capacity to slaughter and process 1,000 herds of cattle and 4,500 goats and sheep per day using high tech equipment.

Being an Export Processing Zones Authority (EPZA) project is set to create over 500 jobs both directly and indirectly once it starts operating and will strategically help the livestock sector graduate and unlock the challenges of commercialising it...

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Uganda can create higher labor productivity jobs by improving trade, business environment, World bank

Uganda’s economy needs to gradually create more jobs for its fast-growing and youth population; to accelerate economic growth and drive transformation, these jobs will need to bring higher labor productivity, says a new World Bank report.

The report, “Uganda: Jobs Strategy for Inclusive Growth,” identifies ten challenges to achieving this, including slowing trends in economic growth.  Labor force growth is quickening, urbanization is sluggish, as is the transition from...

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Airtel Africa Results Analysis: The turnaround continues

Airtel recently reported the financial results of its African operations, for the period ending December 2019. Here key insights from the numbers:

Airtel’s African operations have crossed the 100m subscriber mark; Airtel is the fourth pan-African operator to hit that milestone, after MTN, Orange, and the Vodafone group units (incl. Vodacom and Safaricom). Subscriber growth has been steady, averaging around 13% over the past two calendar years. Among pan-African groups, only MTN has...

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[Column] Maxim Fetisov: Mobile Lending – Non-traditional data in credit decision making

Retail lending in Kenya has taken a unique path. It has skipped some stages typical for developed markets and climbed to heights that can be admired and envied. Ironically, this happened not due to economical advantages but rather due to certain historical deficiencies.

As it happens in many developing markets at some point lots of people move from rural areas to big cities seeking better-payed jobs. These people as they earned money needed some way to transfer it to their families, often left in the villages...

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[Startup Interview] Freeman Addico, CEO, Addicnet, Ghana

With customers spread across 10 countries, Pan-African cloud computing and ecommerce solutions provider Addicnet is redefining cloud computing landscape in the continent through its unique offerings. The CEO Freeman Addico explains.

Tell us abit about Addicnet and your role in it

Addicnet is a Pan-African Cloud computing and ecommerce solutions provider aiding African companies to deploy their operations on the cloud with stability, scalability, security, and efficiency...

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Wanted: African Startups for Interviews

Africa Business Communities is conducting a series of interviews with startup businesses in Africa. Are you a startup in Africa and interested in an interview? Great! Send an e-mail to bas@africabusinesscommunities.com

These are some of the Startup Interviews that we have published in the past few months...

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News Headlines

17-04-2024 | 09:14:46
The Radisson brand enters Cape Town with the newly rebranded Radisson Hotel Cape Town Foreshore
Radisson Hotel Group brings the renowned Radisson brand to South Africa's "Mother City" with the rebranding of Park Inn Cape Town Foreshore to Radisson Hotel Cape Town Foreshore.


17-04-2024 | 07:10:00
The evolutionary journey of fruit slots in the gaming industry
Social media and collaborative gaming platforms added a new dimension to the gaming industry. Now players can share their successes, participate in tournaments, and challenge friends to competitions, adding elements of social interaction and competition.


16-04-2024 | 16:14:00
[South Africa] Volkswagen announces R4 billion investment in Kariega plant
The changes being made in preparation for the production of the new SUV also affords training and upskilling opportunities for Volkswagen Group Africa’s production employees.


15-04-2024 | 21:31:00
[Free Webinar Business Event] Supply Chain Resilience in Africa: Navigating Global Manufacturing and FX
Join the experts at this comprehensive webinar exploring the intricacies of supply chain management and payment dynamics in African markets.


12-04-2024 | 16:12:00
Global asset manager Rohatyn Group sells South Africa-based Portfolio Company BevCo to Varun Beverages 
The company operates five manufacturing facilities across South Africa with an installed capacity of 3,600 bottles per minute


11-04-2024 | 16:18:33
South African used car platform WeBuyCars lists on the Johannesburg Stock Exchange
WeBuyCars, a prominent and recognised brand within the pre-owned motor vehicle market, established over 23 years ago, has listed on the Main Board of the Johannesburg Stock Exchange (JSE) under the share code "WBC."


10-04-2024 | 19:33:00
Global Strategies for Success in Africa: Overcoming FX and Payment Hurdles
This event explores the vast potential and unique challenges of expanding businesses in Africa, focusing on mastering international pitches, understanding cultural nuances, and crafting pitches that highlight unique value propositions.


09-04-2024 | 14:13:00
Kenya Airways launches direct flights to Maputo, Mozambique 
The expansion takes flight from 14th June 2024, further solidifying KQ's commitment to strengthening its network and offering seamless travel experiences across the continent. 


05-04-2024 | 17:11:35
Global merchandising firm SPAR Group announces sale of interest in South Africa
These transactions have been approved by the SPAR Board of Directors and are expected to close in the second quarter.


05-04-2024 | 17:07:30
Surf Air enters deal to supply electric powertrains to Tanzanian Cessna caravan operator Auric Air
Surf Air now has approximately 13% of the Cessna Caravan market in Africa under agreement to upgrade to its electrified powertrains, once certified.


04-04-2024 | 15:57:00
Nakonde Border Post upgrade boosts trade between Zambia and Tanzania
Funded by the UK government, the ZMK 197 million (£7.1 million) project will improve the flow of goods and people along the Dar es Salaam Corridor, promising to streamline operations and reduce cargo clearance times by more than 100% on both sides of the border.


04-04-2024 | 11:21:37
East Africa Marine Transport inaugure son premier navire sur le lac Victoria
Après 21 mois de construction, East Africa Marine Transport (EAMT) a inauguré son premier navire sur le lac Victoria.


04-04-2024 | 10:00:00
[Kenya] Mombasa green entrepreneurs launch Zero Waste Festival
Zero Waste Fest culminated a week-long digital campaign dubbed #BeatPlasticPollution aimed at addressing the plastic pollution menace in Mombasa.


03-04-2024 | 16:07:24
Mastercard and Women Choice expand partnership to invest in women entrepreneurs 
  Women Choice - an international organization dedicated to advancing women's personal and professional development - launched the pilot cohort in 2023.The next cohorts will be participating in the new programs this year and will aim to impact 50,000 women.


28-03-2024 | 13:03:44
Unilever accelerates Growth Action Plan by launching productivity programme
Unilever has announced steps to accelerate its Growth Action Plan (GAP) through the separation of Ice Cream and the launch of a major productivity programme.


 

 
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Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

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