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

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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