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

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.


26-03-2020 | 09:23:00
Ford temporarily suspends production in South Africa in response to coronavirus
Ford Motor Company is temporarily suspending vehicle and engine production at its International Markets Group (IMG) manufacturing sites in response to the growing impact of the coronavirus.


 

 
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