Year 8 | Edition 6 | 31 March 2021
 

[Nigeria] Access Bank receives nod to acquire South African Grobank

Following an earlier announcement in September last year, Nigeria’s Access Bank has announced that it has received the approvals of the South African and Nigerian regulatory authorities to its proposed acquisition of the South African-based Grobank Limited.

The transaction is expected to be completed in the second quarter of 2021 subject to completion of other conditions precedent. Speaking on the development, Mr. Herbert Wigwe, the General Managing Director and CEO of Access Bank, said...

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Sub-Saharan Africa poised for recovery amid recession, World Bank

The economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020, and prospects for recovery are strengthening amid actions to contain new waves of the pandemic and speed up vaccine rollouts, according to the World Bank’s biannual economic analysis for the region.

The latest Africa’s Pulse, The Future of Work in Africa: Emerging Trends in Digital Technology Adoption, notes that a slower spread of the virus and lower COVID-19-related...

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Morocco, Nigeria unveil Joint Business Council

Morocco's intensified efforts towards African solidarity and south-south cooperation continue to show results, with the creation of the Nigeria-Morocco Business Council being the latest of encouraging developments.

In a press release shared this week with Morocco World News, the Morocco Africa Cultures and Developments Organization (OMA) announced the creation of the Nigeria Morocco Business Council. The signing ceremony will take place on Monday, March 29, at the headquarters of the Chamber of Commerce...

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Ford Foundation invests $15 million in first global fund addressing key issues facing black women

The Ford Foundation has announced its commitment of $15 million in seed funding to help launch the Black Feminist Fund, a new philanthropic fund developed and led by a core group of Black feminists who sit at the nexus of feminist organizing, advocacy, and philanthropy globally.

Ford’s initial investment will be vital to help jumpstart the fund’s work to create a network of support around key issues that impact Black women around the globe. The Ford Foundation’s $15 million seed investment is from the...

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ENSafrica expands WSG Africa membership with addition of Ghana, Kenya, Namibia, Rwanda and Uganda

World Services Group (WSG) has announced that ENSafrica has expanded its global membership with five new jurisdictions in Africa in addition to South Africa and Mauritius: Ghana, Kenya, Namibia, Rwanda and Uganda.

This expansion reflects ENSafrica's well known reputation as Africa's largest law firm with the capacity to deliver for clients across all major industries in Africa. The expanded reach across the African continent within WSG exemplifies WSG's continued focus of qualified premiere direct global reach for...

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[Interview] Stephan Eyeson, Founder & CEO, Survey54

British-Ghanaian entrepreneur, Stephan Eyeson, is current CEO and Founder of pan-African consumer intelligence gathering firm, Survey54.

Could you tell us about your company?

Survey54 was launched in 2019 and is a market research outfit that uses AI-powered insights to collect data and interpret consumer habits. What we do is help companies to understand African consumer tendencies and how this can affect their marketing plans and overall bottom line. We are...

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[Column] René Schoeman: Innovation Drives Compliance, Enhances Performance

South African businesses operate in a highly legislated landscape. With this comes immense pressure to ensure compliance or face heavy penalties. The need for regulatory and legal compliance increases with every new or amended piece of legislation, and businesses are hard pressed to keep pace with these requirements. 

The legal requirements of the Basic Conditions of Employment Act (BCEA), the Labour Relations Act (LRA), and other sector specific regulations create a quagmire of obligations...

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[Column] Shantel Mufandaidza: The impact of AfCFTA on oil and gas industry

Created by the African Continental Free Trade Agreement in 2018, the African Continental Free Trade Area ("AfCFTA") came into effect on 1 January 2021.

Since the World Trade Organization creation, the AfCFTA is the largest free trade area globally, with 54 out of 55 nations of the African Union, many of which have already ratified the agreement. Estimations forecast that this free trade area will positively impact Africa's Gross Domestic Product (GDP), resulting in welfare gains for citizens, facilitate trade growth...

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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

27-03-2024 | 14:51:22
JW Marriott unveils second property in Kenya
Standing as the tallest hotel in the country with 35 stories in the Westlands commercial district, JW Marriott Hotel Nairobi captures the essence of Kenya’s natural beauty and heritage.


27-03-2024 | 13:22:16
Uganda set to join Single African Air Transport Market
So far, only fourteen countries out of 29 that belong to the Eastern Africa, Southern Africa and Indian Ocean Community (IOC) have acceded to the Single African Air Transport Market, six years since it was launched.


27-03-2024 | 13:19:37
German manufacturer Karcher invests €3 million in the Kenyan market
This investment was made to operationalize the business into a full subsidiary, which includes a regional distribution center at the Freight Forwarders Solutions warehouse, Tatu City, the 5,000-acre mixed-use Special Economic Zone (SEZ) on Nairobi's doorstep, positioning Kenya as a hub for East Africa.


27-03-2024 | 13:13:32
Nissan Africa announces regional appointments 
Jordi Vila, currently Nissan Divisional Vice President Marketing and Sales Europe has been appointed as President Nissan Africa, as DVP.


26-03-2024 | 14:56:32
Radisson Hotel Group targets to have 25 hotels in Morocco by 2030
As Morocco continues to be a crucial market for development, the Group is accelerating its expansion in the country and has therefore extended the portfolio of Erwan Garnier, Senior Director for Development, to include Morocco.


22-03-2024 | 13:48:59
Kenya Airways and Virgin Atlantic announce new codeshare agreement
The first phase of the agreement will allow customers booking through Virgin Atlantic to directly purchase flights on Kenya Airways’ Heathrow to Nairobi service.  


22-03-2024 | 10:43:33
Mark-Anthony Johnson: Is Africa splitting in two?
Mark-Anthony Johnson: Is Africa splitting in two?


22-03-2024 | 10:18:00
Africa’s vibrant and sustainable creations
In many African communities, creativity knows no bounds. A unique and fascinating trend has emerged, where individuals repurpose flip-flops into remarkable crafts.


21-03-2024 | 07:58:00
Nissan Navara to fly the flag up through Africa in daring expedition
Dubbed Nissan Daring Africa 2024, the expedition will visit Mozambique, Zimbabwe, Zambia, Malawi, Tanzania and Kenya before ending in Egypt.


20-03-2024 | 14:38:00
[Column] Anthony Mwangi: Road towards gainful employment in Kenya: The Dual TVET approach
The evolving employment landscape demands a fresh perspective, one that champions the pragmatic alternative of Technical and Vocational Education and Training (TVET).


20-03-2024 | 13:25:30
 TradeMark Africa launches Ghana Country Programme Oversight Committee
The Committee will play a critical role in overseeing trade and customs development programs designed to enhance trade growth and competitiveness not only within Ghana, but also along the Abidjan-Lagos Corridor.


20-03-2024 | 09:53:00
[Webinar] Complimentary expert session for Telecom leaders and Startups in Africa, March 21
Designed for telecom leaders and startups, thia event offers invaluable strategies for expanding services, managing FX risks, enhancing cross-border payments, and establishing credibility in the international arena.


19-03-2024 | 15:00:43
Xsolla unveils new payment methods for gamers in Africa
This move addresses the unique financial landscape of Africa, where a significant portion of the population, particularly in regions like Ghana and Uganda, remains unbanked.


18-03-2024 | 11:12:30
[Column] Hassan Egeh: Somalia's battle with climate change effect
Climate change has significant effects on Somalia, impacting various aspects of the country. Droughts and water scarcity have become more severe, leading to a loss of vegetation and livestock deaths. This has resulted in food insecurity, with crop failures and reduced agricultural productivity.


18-03-2024 | 10:20:00
Southern African tourism stakeholders to get new regional disaster risk management and crisis communication plan
The SADC Business Council Tourism Alliance has concluded the successful completion of a pilot project on tourism disaster risk management and crisis communication for the Southern African Development Community (SADC) region.


 


 
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