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

21-01-2021 | 11:25:00
MIGA issues $25.6m in guarantees to Escotel Mauritius for solar power generation in Sierra Leone and Liberia
MIGA, a member of the World Bank Group, issued guarantees of up to $25.6 million to Escotel Mauritius covering its investments in solar power generation in Sierra Leone and Liberia for a period of up to ten years.


21-01-2021 | 11:08:00
Kenya Power rolls out smart metering project for SMEs customers
Kenya Power has rolled out a smart metering project that will benefit customers in the Small and Medium Enterprise (SMEs) sector across the country.


21-01-2021 | 10:52:00
InfraCo Africa, Global Logistics Services to commence construction on Liberia Inland Storage Facility project
InfraCo Africa and Global Logistics Services have signed an Engineering, Procurement and Construction contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility project.


21-01-2021 | 07:13:29
Andersen Global enters Malawi
Andersen Global establishes a foothold in the Malawi market through a Collaboration Agreement with Knight & Knight, bolstering its platform on the African continent and adding additional coverage in the eastern region.


21-01-2021 | 07:11:05
Séché strengthens its positions in South Africa with acquisition of Spill Tech
Global waste treatment company Séché Environnement has announced the signature of an agreement for the acquisition of Spill Tech 1, a company in environmental emergency and decontamination services in South Africa.


21-01-2021 | 07:10:00
The UN approves new strategy to accelerate business action to achieve SDGs, more ambitious climate targets
The UN Secretary-General, António Guterres, Chair of the Board of the UN Global Compact, announced a new three-year strategic plan to increase and accelerate corporate sustainability and principled business.


20-01-2021 | 14:46:07
Kasada acquires eight hotels in Sub-Saharan African from AccorInvest
Funds advised by Kasada Capital Management announced the first transaction made through the debut fund, Kasada Hospitality Fund LP, acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest.


20-01-2021 | 13:40:00
Qatar Airways resumes flights to Cairo, Egypt
Qatar Airways resumed flights to Cairo in the Arab Republic of Egypt with a daily service. QR1301 departed Hamad International Airport to Cairo International Airport at 15:15 local time and landed at its destination at 17:40 local time.


20-01-2021 | 13:13:00
[Zambia] Glencore signs contract to sell 73% of underlying stake in Mopani for $1.5b
Glencore announced that its subsidiary Carlisa Investments, in which Glencore holds 81.2% of the shares, has signed an agreement with ZCCM Investments to transfer its 90% interest in Mopani Copper Mines.


20-01-2021 | 07:39:57
United Women Economic Development Network launched to advance women empowerment
Women business leaders and entrepreneurs from the United States, Bahrain, Morocco, Israel, United Arab Emirates, Sudan, Uzbekistan, and Kosovo have convened for the virtual launch of the United Women’s Economic Development Network.


19-01-2021 | 12:30:00
The young stars inspiring an Esports wave in Africa
As esports dominate modern entertainment industry as a fast growing sport, Kenya and South Africa youth continue to dominate the world of competitive video gaming.


19-01-2021 | 08:44:27
[Kenya] Clir Renewables partners with Lake Turkana Wind Power to optimize its wind farm performance
Clir Renewables has partnered with Lake Turkana Wind Power (LTWP) to enhance wind farm performance tracking and support its Kenya-based team in realizing potential opportunities for optimization.


18-01-2021 | 11:15:00
[Kenya] African Elite Group awarded best boutique PR Agency award at global event
Boutique PR agency, African Elite Group Ltd, headquarters in Nairobi, Kenya has been awarded an international award, at the 4th annual MEA (Middle East & Africa Markets) Business Awards 2020.


18-01-2021 | 09:32:45
DHL Express purchases eight additional Boeing 777 freighters
DHL Express, world’s express service provider together with Boeing announced that the global logistics company placed an order for an additional eight new Boeing 777 freighters.


18-01-2021 | 09:16:19
Siemens Mobility signs MoU to install high-speed rail system in Egypt
The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility signed an MoU to design, install and commission Egypt’s first ever high-speed rail transportation system.


 

 
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Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

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