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

22-04-2021 | 09:01:42
TGI Distri launches Kleansol Toilet Cleaner in Nigeria
TGI Distri, a manufacturer of quality home care products in Nigeria, has launched into the market Kleansol Toilet Cleaner which contains power active ingredients with 99.9% efficacy in killing all forms of bacteria in and around the toilet area.

22-04-2021 | 06:42:33
Nigerian Economic Summit Group appoints new Board Directors
The newly appointed directors will collaborate with the current board members to drive the mandate on Nigeria’s foremost think tank and policy advocacy group in the national interest.

21-04-2021 | 14:18:50
Sommet Education expands its global footprint with acquisition of South Africa's Invictus Education
Sommet Education together with Invictus Education Group announced that Sommet Education is acquiring a majority stake in Invictus Education alongside its historical shareholders.

21-04-2021 | 13:45:42
KAS Africa secures $10 million investment to expand operations
KAS Africa, a contract manufacturer of personal, home, baby and oral care FMCG products, has received an investment with an aggregate value of $10 million from TRT Investments Limited.

21-04-2021 | 08:02:00
Sasol, Toyota South Africa Motors announce green hydrogen mobility partnership
Sasol and Toyota South Africa Motors (TSAM) announced the formation of a partnership to commence exploration of the development of a green hydrogen mobility ecosystem in South Africa.

21-04-2021 | 06:17:00
Domino's Pizza opens first store in Ghana
Domino's Pizza Inc. one of the largest pizza companies in the world based on global retail sales, is continuing its global growth momentum, as the first Domino's store in Ghana is now open.

20-04-2021 | 07:18:39
Coca-Cola to sell part of its shareholding in Coca-Cola Beverages Africa via an IPO
The Coca-Cola Company and Coca-Cola Beverages Africa (CCBA) have announced plans to list CCBA as a publicly traded company.

19-04-2021 | 13:53:29
Gateway Real Estate Africa to build office development at Appolonia City in Ghana
Gateway Real Estate Africa (GREA), a private real estate development company specialising in turnkey construction in Africa, announced that it will build its first commercial office building in Ghana at Appolonia City

19-04-2021 | 06:57:45
Egypt, South Sudan sign MoU to build integrated crop livestock fish farming
Egypt and South Sudan signed have signed a memorandum of understanding to build an integrated farming of crop, livestock and fish.

16-04-2021 | 14:52:00
Gabon launches technical training hub to revolutionize skills for economic diversification
The Centre is equipped with high-tech teaching equipment with a capacity to accommodate 1,000 learners who will study in the fields of mechanical engineering and maintenance of agricultural construction machinery.

16-04-2021 | 09:18:48
NAS launches ground handling operations in Democratic Republic of Congo
National Aviation Services (NAS), the aviation services provider in emerging markets, announced the launch of its operations in the Democratic Republic of Congo (DRC).

15-04-2021 | 13:13:00
UNDP and GISD Alliance launch platform to facilitate private sector investments in SDGs
SDG Investor Maps is a unique tool that allows investors identify the impact/sustainability areas that, combined with high return, can be game changers in their portfolio.

15-04-2021 | 12:32:46
Africa receives its first Level D helicopter full flight simulator
The simulator allows pilots to train in complete safety for a variety of complex situations (adverse weather conditions, helicopter failures and emergencies), that could occur in the during actual flight operations.

15-04-2021 | 11:09:00
Desalytics Water Solutions finalizes Kenyan acquisition
Desalytics Water Solutions, a company specializing in the distribution of water treatment and water quality consumables, has strengthened its operations in Sub-Saharan Africa with the closing of its acquisition in Kenya.

15-04-2021 | 06:12:00
[Kenya] KEPSA partners with The Canada-Africa Chamber of Business to boost trade and investment
The Kenya Private Sector Alliance and The Canada-Africa Chamber of Business have announced collaboration to promote, support and facilitate bilateral trade and investment opportunities from Canada into Kenya.


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