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

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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