Year 7 | Edition 4 |19 February 2020
 

US-Kenya deal could spur regional value chains, Former US negotiator

A trade deal with the U.S. could help both Kenya and its neighbors in the East African Community by fostering the development of regional value chains, according to a former U.S. trade official.

“I think it’d be really fascinating as we go forward with this U.S.-Kenya FTA to see what’s going to be possible not just for Kenya but for other African countries in various sectors,” Florie Liser, a former assistant U.S. Trade Representative for Africa who now heads the Corporate Council on Africa. While at...

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South Africa institutions partner to tackle challenges faced by new age farmers

Kagiso Trust, AFGRI Agri Services and Potatoes South Africa (PSA) have signed an agreement to address challenges faced by South Africa's new era of farmers.

The agreement will provide sustainable solutions for farmers access to technical support, access to finance and access to markets. Whilst initially focused on potato farming in South Africa, with the aim of establishing commercial new era potato farmers, the solution will not be limited to potatoes in the...

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SunFunder, Daystar Power partner for energy investment in Nigeria

SunFunder has made its first investment in Nigeria, part of a facility of up to $4m with commercial and industrial (C&I) solar developer, Daystar Power.

SunFunder’s debt financing for up to 3MW of C&I projects for clients including top tier financial institutions and other small and medium-sized enterprises will mitigate over 100,000 tons of CO2 emissions annually. Daystar Power specialises in providing solar power and energy efficiency solutions for businesses in the commercial, industrial, and agricultural...

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SAP Co-Innovation Lab, Converge Solutions tech platform delivers healthcare solution for African hospitals

Complex business models, combined with immense pressure to deliver great patient experiences and outcomes, has African healthcare providers turning to technology to improve their operational efficiency and automate back-office operations.

This task is now far less daunting with the launch of a new technology platform designed by Converge Solutions and the SAP Co-Innovation Lab specifically for the African healthcare market. “Healthcare providers are under increasing pressure...

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Global peer-to-peer bitcoin marketplace Paxful bullish on Africa for 2020

Global peer-to-peer (P2P) Bitcoin marketplace, Paxful, believes that the world has much to learn from Africa about the future of the crypto-economy and that 2020 will be a landmark year for the African crypto and blockchain industry.

With millions of users globally and Africa being the fastest-growing region, Paxful reported that the company processed almost $1.6 billion (R23 billion) in trade volume globally in 2019; the result of a steady increase of 25%+ trade volume...

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[Column] Tamara Parker: Digitization, unemployment and the future of work in South Africa

In less than a month, South Africa has witnessed a massive wave of rentrenchments, as companies across multiple sectors have announced job cuts running into almost 10,000.

Some of these include network operator Telkom SA, Walmart-owned retailer Massmart,Arcelormittal, Africa’s biggest steel company, Pharmaceutical giant Aspen, and miner Samancor Chrome. With a third of the country’s labour force made up of jobseekers – unemployment rates stood at a staggering 29...

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[Startup Interview] Peter Anowie, CEO, Kolics Company, Ghana

Ghana-based startup Kolics Company Limited has been in the business of manufacturing ecofriendly footwear from recycled materials since 2017. It has been working with the youth as a way of addressing unemployment and encouraging them to take care of the environment. Peter Anowie, the startup’s CEO elaborates.

Give us a brief introduction of Kolics Company Limited?

Kolics Company Limited is a social enterprise that owns the Koliko Wear brand. It was established in Takoradi-Ghana in 2017. It provides customers with quality and affordable...

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[Column] Baljeet Nagi: Four important steps for delivering an Industry 4.0 factory and supply chain

Also referred to as the next industrial revolution, Industry 4.0 is synonymous with smart technologies such as artificial intelligence (AI), cloud computing, blockchain, the Internet of Things (IoT), and more.

It is expected to drive efficiencies and increase competitiveness in the manufacturing industry via faster, more agile internal processes and supply chains. In Africa, several developments (such as the adoption of the African Continental Free Trade Agreement by 44 countries across the continent...

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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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Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

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