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

03-07-2020 | 14:27:00
Ecobank Group spearheads new private sector initiative to end malaria in Africa
Ecobank Group has announced its commitment to support ending malaria, launching the first-of-its-kind Zero Malaria Business Leadership Initiative in partnership.


03-07-2020 | 12:51:00
African Development Bank concludes $116m investment in Nedbank SDG-linked bonds
The African Development Bank Group has concluded the investment of R2 billion ($116 million) in Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa.


03-07-2020 | 11:20:00
MultiChoice joins the UN as official African media supporter for global COVID-19 campaign
The MultiChoice Group has become an official supporter of the United Nations’ global COVID-19 awareness campaign Pause which launched globally on 30 June.


03-07-2020 | 11:15:00
DRC government and TMEA set to begin construction of the One Stop Border Post at Mahagi
The Government of the Democratic Republic of Congo and TradeMark East Africa (TMEA) are working on the construction of the One-Stop Border Post (OSBP) at Mahagi in Ituri Province, on the border with Uganda.


03-07-2020 | 06:26:00
African Development Bank joins WTO, other MDBs to support trade finance amid COVID-19 crisis
The African Development Bank has joined the World Trade Organisation (WTO)and other multilateral development banks (MDBs) to reduce trade finance gaps that emerge as a result of the COVID-19 pandemic.


02-07-2020 | 14:27:00
Nile University Nigeria joins Honoris United Universities’ pan-African network
Honoris United Universities has announced its expansion into West Africa by welcoming Nile University of Nigeria, known for its strong academic credentials and best-in-class faculties, into the network.


02-07-2020 | 09:06:00
Portable solar power system boosts COVID-19 testing in Zambia
First Aid Africa and Renovagen Ltd have announced the success of a rapid response project to support testing operations in the fight against the COVID-19 pandemic in Zambia.


02-07-2020 | 09:05:35
Africa becoming a dumping ground for obsolete and inefficient air conditioners, report
A new report on environmental dumping finds that 35 per cent of the room air conditioners sold in many of Africa’s largest countries do not meet minimum energy efficiency standards in their countries of origin.


02-07-2020 | 07:23:10
South Africa switches to Argus-related pricing for LPG
The South African Department of Mineral Resources and Energy (DMRE) has switched to a new formula for calculating official domestic liquefied petroleum gas (LPG) prices.


01-07-2020 | 14:18:00
Barclays receives nod to offer private banking services in South Africa
Barclays has been granted a Financial Advisory and Intermediary Services (FAIS) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.


01-07-2020 | 10:31:00
IFC supports Standard Bank of South Africa expand lending to SMEs during COVID-19
IFC announced a $185 million loan to The Standard Bank of South Africa to help it expand its COVID-19 lending program to small and medium-sized enterprises and corporates affected by the pandemic.


01-07-2020 | 10:23:00
IFC, IFU and PROPARCO provide $108.5m to improve healthcare in Egypt and Morocco
IFC, IFU and PROPARCO are providing an equity financing package of up to $108.5 million to Humania, a private healthcare company, to help improve medical care in Egypt and Morocco.


01-07-2020 | 10:10:00
Oceaneering awarded inspection services scope in Angola from CABGOC
Oceaneering International announced its Asset Integrity group has secured a three-year contract in Angola with Cabinda Gulf Oil Company Limited (CABGOC), a Chevron subsidiary.


01-07-2020 | 09:54:00
Eni successfully drills first exploration well offshore Egypt
Eni, BP and Total have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush.


01-07-2020 | 09:35:25
UNCTAD, ITC and WTO roll out tool to help businesses trade better
Businesses now have free access to a one-stop shop with the information they need to trade effectively as the global economy recovers from the effects of the coronavirus crisis.


 

 
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Publisher/Editor in Chief: Bas Vlugt

Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

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