Year 8 | Edition 7 | 8 April 2021
 

Nairobi is the most innovative city in Africa, Knight Frank report

Nairobi is the top city in Africa for innovation and ranks among the top 100 globally according to Knight Frank’s Africa Horizons Report 2021/22, Nairobi ranked ahead of Cape Town which was second, Kampala third with Cairo and Johannesburg at fourth and fifth place respectively.

The report notes that the ability of African cities to emerge resilient from the pandemic will depend on their ability to innovate, providing long term social solutions to their residents, attracting funding and generating new demand for...

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BringCom appoints Allen Chimhende as MD for Datanet Uganda

BringCom Incorporated, a provider of connectivity solutions in Africa, has announced the appointment of Allen Chimhende, as the Managing Director of Datanet.

Allen has a wealth of telecommunications and managerial experience having worked previously as Managing Director in multiple East African countries, including Uganda. As part of the strategic acquisition plan of Datanet by BringCom, the company expanded its service coverage beyond Uganda in 2020 by managing new commercial customers in East and...

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[Nigeria] AMCON plans to operate Arik Air, NG Eagle side-by-side

The state-owned Asset Management Corporation of Nigeria (AMCON) intends to retain Arik Air alongside its new start-up NG Eagle, at least until the end of 2021, according to Arik Air Receiver Manager, Kamilu Omokide.

He told THISDAY newspaper that AMCON had concluded plans to wet-lease three more aircraft for Arik Air, which has been in receivership with AMCON since 2017. “Currently we are doing very well with operational expenses.” He added: “Arik does not plan to get out of business. It will operate side-by-side with...

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MENA economies face rapid accumulation of public debt, strong institutions will be key to recovery, World Bank

The COVID-19 pandemic exacerbated long-standing development challenges in the Middle East and North Africa (MENA) region, contributing to a rise in poverty, a deterioration of public finances, an increase in debt vulnerabilities, and a further erosion of trust in government.

The substantial borrowing that MENA governments incurred to finance health and social protection measures increased government debt. Countries must continue spending on...

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Maersk Drilling confirms long-term drillship contract with Tullow Oil offshore Ghana

Based on the previously announced Conditional Letter of Award, Maersk Drilling has been awarded a contract from Tullow Ghana, for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana.

The contract commenced in April 2021, with an estimated duration of around four years. The estimated contract value is approximately $370 million, excluding additional services provided and potential performance bonuses...

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InspiraFarms partners with Ifria to develop cold chain tech in West and North Africa

Ifria Cold Chain Development Company and InspiraFarms have announced that they have entered into a regional strategic partnership, combining Ifria’s cold chain logistics expertise with InspiraFarms’  next-generation on-farm cold chain & food handling technology and solutions.

Ifria and InspiraFarms are partnering following a mutual concern. Over 40% of food produce in Africa spoils before it reaches a consumer, approaching 60% for fresh produce in Sub Saharan Africa and North Africa according to the state of...

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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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[Interview] Charlette N’Guessan, Co-founder, BACE Group, Ghana

Ivorian based in Ghana, Charlette N’Guessan is a tech entrepreneur who collaborates with various organizations that strongly advocate for gender balance in the tech ecosystem.

She has a degree in Electronic and Software Engineering and certified in data science and machine learning by Worldquant University. A certified digital identity practitioner, Charlette is co-author of the AI BOOK published by Wiley in April 2020...

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[Interview] Abdelaziz Musa, CEO, Sudan Digital

Sudan Digital is a digital marketing agency operating in Khartoum and Dubai while delivering digital marketing solutions for clients across the globe. The company’s CEO and founder Abdelaziz Musa explains.

Tell us a bit about your company?

Sudan Digital is a digital marketing agency in Sudan and one of the fastest growing in North Africa and the Middle East. We are a pure play digital marketing agency, focusing on marketing strategy, and delivering impact to our customers...

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[Interview] Victoria Nannozi, CEO, The Association of Real Estate Agents, Uganda

The Association of Real Estate Agents, AREA-Uganda, is an umbrella institution of real estate agency/brokerage companies, consultancy real estate firms, and real estate agency /brokerage professionals in Uganda that have key interests in real estate agency/brokerage.

It was formed to stimulate cooperation in the business, strengthening professional qualifications and establishing codes of conduct and business standards. Victoria Nannozi...

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[Column] Phyllis Wakiaga: Promoting local production will lead to regional industrialization

The establishment of an effective Common External Tariff in the East Africa region will lead to the exponential growth of the manufacturing sector.

A Common External Tariff (CET) refers to an import tariff or rate adopted and applied by countries within a common market. This tariff is ideally imposed on products imported from non-member countries, with the intention of promoting industrialization in the common region, enhancing the economic development of member states, and liberalizing...

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[Africa Tech Review] Duncan Mochama: Africans are increasingly using eCommerce in response to COVID-19 restrictions

The International Trade Centre (ICT) recently released a report that analyzes opportunities for integrating online marketplaces in Africa with African economies. The report found an increase in Africa’s use of eCommerce in response to COVID-19 restrictions and emphasized the “vast untapped potential” of online marketplaces in Africa.

Overall, Africa has 631 online marketplaces, which recorded 2.2 billion visits in 2019. Ten countries are responsible for 94% of all online business in Africa. South Africa, Egypt...

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[Free Webinar] Incentro Presents: The future of work is here with Google Workspace

When: 22 April 2020

From: 12:00 - 13:30 EAT

Where: Online Webinar

For: CIO/CTO/ Senior IT Management of companies in Sub Saharan Africa

Looking back on 2020, it’s clear that the ways we work have rapidly transformed, from the shift to remote work to balancing time across work and personal responsibilities. This shift to remote work has also accelerated the demand for digitized processes since your business is now living in a...

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News Headlines

24-04-2024 | 11:03:00
[Free Webinar] Supply Chain Resilience in Africa: Navigating Global Manufacturing and FX
Join the experts at this comprehensive webinar exploring the intricacies of supply chain management and payment dynamics in African markets.


24-04-2024 | 09:26:28
MTN selects M&C Saatchi Abel as its global marketing partner
M&C Saatchi Abel was selected following a meticulous process for their expertise in fostering growth and enhancing brand value for multinational corporations.


23-04-2024 | 12:31:19
Ethiopian Airlines launches a new service to Warsaw, Poland
The new route, ET 764 from Addis Ababa to Warsaw via Athens, will operate on Mondays, Wednesdays, Fridays, and Sundays. Return flight ET 765 from Warsaw to Addis Ababa via Athens will  on Mondays, Tuesdays, Thursdays, and Saturdays.


19-04-2024 | 13:45:33
[South Africa] Johannesburg Stock Exchange proposes amendments to listing requirements
As part of its continued commitment to creating an enabling environment for listed companies, the JSE has announced the proposed amendments to its Listings Requirements to introduce the Market Segmentation Project aimed at the smaller issuers on the Main Board of the exchange.


17-04-2024 | 09:14:46
The Radisson brand enters Cape Town with the newly rebranded Radisson Hotel Cape Town Foreshore
Radisson Hotel Group brings the renowned Radisson brand to South Africa's "Mother City" with the rebranding of Park Inn Cape Town Foreshore to Radisson Hotel Cape Town Foreshore.


17-04-2024 | 07:10:00
The evolutionary journey of fruit slots in the gaming industry
Social media and collaborative gaming platforms added a new dimension to the gaming industry. Now players can share their successes, participate in tournaments, and challenge friends to competitions, adding elements of social interaction and competition.


16-04-2024 | 16:14:00
[South Africa] Volkswagen announces R4 billion investment in Kariega plant
The changes being made in preparation for the production of the new SUV also affords training and upskilling opportunities for Volkswagen Group Africa’s production employees.


12-04-2024 | 16:12:00
Global asset manager Rohatyn Group sells South Africa-based Portfolio Company BevCo to Varun Beverages 
The company operates five manufacturing facilities across South Africa with an installed capacity of 3,600 bottles per minute


11-04-2024 | 16:18:33
South African used car platform WeBuyCars lists on the Johannesburg Stock Exchange
WeBuyCars, a prominent and recognised brand within the pre-owned motor vehicle market, established over 23 years ago, has listed on the Main Board of the Johannesburg Stock Exchange (JSE) under the share code "WBC."


10-04-2024 | 19:33:00
Global Strategies for Success in Africa: Overcoming FX and Payment Hurdles
This event explores the vast potential and unique challenges of expanding businesses in Africa, focusing on mastering international pitches, understanding cultural nuances, and crafting pitches that highlight unique value propositions.


09-04-2024 | 14:13:00
Kenya Airways launches direct flights to Maputo, Mozambique 
The expansion takes flight from 14th June 2024, further solidifying KQ's commitment to strengthening its network and offering seamless travel experiences across the continent. 


05-04-2024 | 17:11:35
Global merchandising firm SPAR Group announces sale of interest in South Africa
These transactions have been approved by the SPAR Board of Directors and are expected to close in the second quarter.


05-04-2024 | 17:07:30
Surf Air enters deal to supply electric powertrains to Tanzanian Cessna caravan operator Auric Air
Surf Air now has approximately 13% of the Cessna Caravan market in Africa under agreement to upgrade to its electrified powertrains, once certified.


04-04-2024 | 15:57:00
Nakonde Border Post upgrade boosts trade between Zambia and Tanzania
Funded by the UK government, the ZMK 197 million (£7.1 million) project will improve the flow of goods and people along the Dar es Salaam Corridor, promising to streamline operations and reduce cargo clearance times by more than 100% on both sides of the border.


04-04-2024 | 11:21:37
East Africa Marine Transport inaugure son premier navire sur le lac Victoria
Après 21 mois de construction, East Africa Marine Transport (EAMT) a inauguré son premier navire sur le lac Victoria.


 


 
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