Year 8 | Edition 5 | 26 March 2021

Afreximbank, NEXIM collaborate to provide project preparation facilities in support of Nigeria’s exports

African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have entered into a Memorandum of Understanding (MoU) to establish a Joint Project Preparation Fund that will provide early project preparation financing and technical support services to public and private sector entities operating in Nigeria’s trade sector.

Under the terms of the MoU signed on 20 February 2021, Afreximbank and NEXIM will collaborate through the Joint Project Preparation Fund to unlock investments into sectors...

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[Kenya] Safaricom launches 5G network

Safaricom has announced the launch of  trials for the trail-blazing 5G technology for its customers. The trial will begin with both individual and enterprise customers in Nairobi, Kisumu, Kisii and Kakamega.

As part of its trial, the company plans to expand the number of such 5G sites to more than 150 across nine towns over the next 12 months. The primary objective during the trial period will be to establish if customers can enjoy speeds of up to 700 Megabits per second, with plans to offer than 1,000 Mbps...

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TIME Hotels set to open its first two hotels in Egypt

UAE-based TIME Hotels will be opening its first two hotels in Egypt later this year – the five-star TIME Coral Resort Nuweiba in the Red Sea resort of Nuweiba and the four-star TIME Marina Hotel & Conference Centre near Al Alamein on the Mediterranean coast, which is being hailed as Egypt’s second capital.

During a recent visit to check on the progress of the hotels, Mohamed Awadalla, CEO, TIME hotels commented: “Work is proceeding well at our TIME Marina Hotel and that property...

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ASIP Accelerator Program open for applications from disruptive startups in Africa

To develop the potential of startups driving the internet economy, Telecel Group has opened applications for the ASIP Accelerator Program powered by Startupbootcamp AfriTech. 

The Program helps startups achieve 18-24 months of growth in just three months. The next generation of early-stage African tech startups disrupting a wide range of industry sectors are being sought. Technology sectors such as Fintech, Insuretech, Agritech, e-Commerce, Healthtech, and...

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Ethiopia launches 50 Million African Women Speak platform

Ethiopian President Her Excellency Sahle-Worke Zewde has launched the 50 Million African Women Speak (50MAWSP) platform in Addis Ababa with a call on the country’s women to embrace it and use it to grow their businesses.

Ethiopia became the thirteenth COMESA Member State to officially unveil the platform, which is an information and networking hub for women providing them with resources to start, grow and scale up their businesses and to access financial and non-financial services. “The platform will...

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IDC, partners launch $340m fund to support black farmers in South Africa

The Industrial Development Corporation (IDC), in partnership with the Department of Agriculture, Land Reform and Rural Development (DALRRD) launched a joint Agri-Industrial Fund to support black farmers in South Africa.

The $340 million (R1bn) fund is an initiative of the DALRRD managed through its blended finance programme but carved out to IDC. Among other objectives, the fund will also be utilised to develop and implement high impact black-owned large scale commercial agricultural projects. “For us, as the...

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[Interview] Marundu Muturi, Customer Advocate, Incentro Africa

Marundu Muturi is a Customer Advocate at Incentro Africa, an IT service provider delivering custom build cloud-based software solutions for the European and African market.

Kindly introduce yourself and your roles at Incentro Africa 

I’m Marundu and I work on Google Workspace at Incentro Africa! I set up, manage, and support Google Workspace customers. Google Workspace is a suite of collaborative tools that enables you to do what you do more easily and efficiently. It includes email, document and spreadsheet preparation...

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[Interview] Naike Moshi, Country Director, CVPeople Tanzania

CVPeople Tanzania is a talent acquisition and recruitment company that has for 6 years established itself as a frontrunner in the executive search and headhunting for clients across banking, telecom, and NGO sectors. The company’s Country Director Naike Moshi explains.

Briefly introduce your company and why it was formed

CVPeople Tanzania is a Talent firm that is specialized in Executive Recruitment. We provide services in the area of Talent acquisition, attraction and analytics. We take our...

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[Interview] Esinam Yevu, Co-Founder, PayBox, Ghana

Esinam Yevu is Co-Founder and Communications Lead at Ghanaian fintech startup, PayBox. 

Please introduce PayBox as a startup and explain what it does.

PayBox was founded in 2019 and operates within the financial services and technology industries simultaneously - what has come to be known as the Fintech space. As such, we provide SMEs with digital business tools and a cross-border payment solution to enable growth. One of our goals is to...

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[Column] Quinton Swart: Why boxed water is better? Thinking inside of the box when it comes to packaging water

Packaged water in South Africa is a growing market, commonly bottled in polyethylene terephthalate (PET) plastic. While this material is recyclable, more than half of plastic waste is not recovered, most of it ending up in landfill or in waterways with a huge environmental impact.

Consider that, with a million plastic bottles sold every minute around the world, it’s easy to do the maths on the detrimental ripple effect of our single-use bottled water behaviour...

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[Column] Diego Gutierrez: Why women are key to Africa's digital transformation

The digital gender divide in Sub-Saharan Africa means only around 25% of women have access to connectivity, according to the World Economic Forum. Connecting these women to the digital economy is critical to drive further economic growth and innovation on the continent.

Opening avenues to empowerment

Technology can empower women through access to information, employment, financial, education, health services and business support; increasing their contribution to social...

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[Africa Tech Review] Duncan Mochama:The rapid uptake of 5G and its real potential in Africa

5G network is here. This fifth generation of wireless technology promises more than just a faster network. It will help redefine the network, establishing a new global wireless standard for speed, throughput and bandwidth.

In Kenya, Safaricom is preparing to launch this network in partnership with Nokia and Huawei. Once rolled out, Kenyans are going to enjoy faster speeds. This will also make Safaricom the first operator in East Africa to launch 5G. This launch actually came as a surprise considering Safaricom...

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News Headlines

01-12-2021 | 10:02:00
Burger King opens first outlet in Nigeria
American multinational fast food chain Burger King has opened its first outlet in Nigeria in partnership with local firm Allied Food & Confectionary Services Limited.

01-12-2021 | 09:47:24
HeidelbergCement sells Sierra Leone business to Diamond Cement Group
HeidelbergCement holds 50% of the shares in the company and has full management responsibility. The sale includes a cement grinding plant with two grinding mills.

01-12-2021 | 09:43:03
Kenyan e-pharmacy platform MYDAWA receives $1.2 million funding in fight against HIV & AIDS
This grant is aimed at increasing access to PrEP (Pre-Exposure Prophylaxis) services through MYDAWA’s award winning e-pharmacy model, supporting the fight against HIV& AIDS in Kenya.

01-12-2021 | 07:30:00
Libya, Niger move forward on strengthening migration management and labour mobility
In a step towards regularizing labour migration, Libya and Niger signed a memorandum of understanding that seeks to protect migrant workers through effective work visa issuance before employment and to better respond to Libya's labour market needs.

30-11-2021 | 16:35:08
Accor expands Africa footprint with the opening of Novotel & Novotel Living Conakry, Guinea
Accor is collaborating with KAKANDE-IMMO, a real estate subsidiary of GUICOPRES Group, who’s Chairman and CEO is Mr Kerfalla Camara, also known as KPC in his country.

30-11-2021 | 12:30:00
Zanzibar is the latest investment destination for Kenyan investors
According to German real estate firm CPS, Kenyan investors form 30 per cent of all investors betting on the island nation.

30-11-2021 | 11:11:00
Ethiopian partners with IDC to launch Zambia Airways
Ethiopian Airlines, the largest aviation group in Africa, announced it has finalized preparations for the launch of Zambia’s National Carrier in a joint venture with Industrial Development Corporation (IDC).

30-11-2021 | 10:51:00
UNIDO, Zambia sign five-year Programme for Country Partnership
LI Yong, Director General of the United Nations Industrial Development Organization (UNIDO), and Chipoka Mulenga, Zambia's Minister of Commerce, Trade and Industry, signed a five-year Programme for Country Partnership (PCP).

29-11-2021 | 11:52:36
[South Africa] SlipMate offers first Mastercard corporate prepaid cards for e-commerce
South African expense management solution SlipMate has announced that it has enabled e-commerce functionality for its Mastercard corporate prepaid cards, a first-of-its-kind integration for the South African market.

29-11-2021 | 11:30:19
Business travel expected to fully recover by 2024, report
The report provides a detailed analysis of business travel in 2021 with projections for 2022 and beyond, including post-COVID-19 recovery forecasts.

29-11-2021 | 11:26:55
Golden Star announces receipt of Ghanaian Regulatory approval for Chifeng acquisition transaction
Gold mining company Golden Star Resources Ltd has announced that the Ghanaian Ministry of Lands and Natural Resources has informed Chifeng Jilong Gold Mining Co., Ltd

26-11-2021 | 13:40:00
Dutch development bank FMO partners with VC4A to launch a Ventures Lifecycle Support project across Africa
FMO has partnered with VC4A to work with local partners across Africa to create a more efficient network of support for early-stage ventures.

26-11-2021 | 13:35:00
Egypt takes over the Chair of COMESA
Egypt is the new Chair of the COMESA Heads of State and Authority after taking over from Madagascar that has been steering the organization since 2016.

26-11-2021 | 10:44:00
Insurpass partners AXA Mansard for easier access to health insurance for Nigerians
Insurpass, an insurance technology company has partnered with AXA Mansard, a leading player in the insurance and asset management sector to provide access to affordable insurance coverage for emerging customers in Nigeria.

26-11-2021 | 07:50:21
Air and travel services provider dnata announces investment in Zanzibar aviation industry
dnata will provide its globally renowned, quality ground and passenger handling services to airline customers at ZNZ, ensuring safe and timely operations of flights and an excellent travel experience for passengers. dnata expects to handle over 4,000 flights annually at the airport.


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