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

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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