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...

Read more

 

[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...

Read more

 

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...

Read more

 

[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...

Read more

 

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...

Read more

 
 
 
 

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...

Read more

 

[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...

Read more

 
[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...

Read more

 

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...

Read more

 
 
News Headlines

31-03-2020 | 14:09:00
Somalia becomes a member of World Bank’s Multilateral Investment Guarantee Agency
Somalia has become the 182nd member of the The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group following normalization of its financial relationship with the Bank.


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.


 

 
Click here for the webversion

To unsubscribe click here
 

Colofon:

Africa CEO Network NEWS is a publication of Africa Business Communities
www.africabusinesscommunities.com

info@africabusinesscommunities.com

www.twitter.com/africabizz
Publisher/Editor in Chief: Bas Vlugt

Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

Send your press releases to: info@africabusinesscommunities.com


Africa Business Communities is a Digital B2B Publisher that enables companies and organizations to connect with African Business Professionals. Africa Business Communities supports doing business in Africa by recruitment services, custom media productions and market research. Africa Business Communities is the largest player on LinkedIn in Africa.

Become a member of de Africa CEO Network on LinkedIn

www.africabusinesscommunities.com

www.nigeriabusinesscommunities.com

www.africabusinesspanel.com

www.africaonlinemarketing.com

www.africapresslist.com

www.africanewsmonitoring.com

www.headhuntersinafrica.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -