Year 8 | Edition 9 | 22 April 2021
 

Dangote sugar invests $700 million to boost production in Nigeria

With a national annual import of over $337million, the management of Dangote Sugar Refinery Plc has declared its irrevocable commitment to the Backward Integration Policy (BIP) of the Federal Government to reverse the trend and make Nigeria self-sufficient in sugar production.

The company which is committing over $700million to its sugar projects told visiting members of the Nasarawa House of Assembly that the company’s investments in sugar will revolutionalize the economy of the state and lift its people...

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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.

Underpinning the partnership is Sasol’s broad experience in the production, use and marketing of grey hydrogen and aspiration to play a leading role in the establishment of a green hydrogen economy for South Africa, combined with Toyota being a leading global supplier of zero-emission...

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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.

The transaction significantly strengthens KAS Africa’s balance sheet and capacity to execute its growth plans in the years to come. This investment is in line with TRT Investments’ drive to support industrialisation and economic growth across the continent. TRT’s investment takes the form of a purchase of...

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Airtel Africa signs $500 million credit facility with banks

Airtel Africa, a provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, has announced the successful signing of a new $500 million loan facility with a group of relationship banks.

The new committed facility consists of a combination of a revolving credit facility and term loans with tenor of up to 4 years. The facility will be used to partially refinance the Group's €750 million Euro denominated bond (c.$880 million...

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[South Bank] Nedbank partners with Mastercard, Ukheshe to facilitate Whatsapp payments

Nedbank, in collaboration with Mastercard and Ukheshe, has launched Money Message, a new payment platform that lets small and microbusinesses conveniently receive secure in-chat payments from their customers via WhatsApp.

A first in South Africa, the solution will enable merchants to send an invoice requesting a payment from any customer seamlessly through WhatsApp. Their customers in turn can quickly and seamlessly settle a payment directly from the...

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FIS partners with Flutterwave to boost e-commerce in Nigeria and South Africa

Continuing to build its footprint as a global acquirer, financial technology company FIS has announced that it is expanding its payment processing capabilities into the rapidly growing markets of Nigeria, South Africa and Malaysia.

In South Africa and Nigeria, FIS is offering domestic payment processing services through its previously announced agreement with payments technology company Flutterwave, a 2016 graduate of the FIS Accelerator program. Through its...

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Standard Bank Group appoints Yinka Sanni as CEO of Africa Regions

Standard Bank Group, Africa’s largest bank by assets, has appointed Yinka Sanni as its new Chief Executive for Africa Regions and a member of the Group Leadership Council.

Sanni, the group’s Regional Chief Executive for West Africa, takes over from Sola David-Borha, who is retiring after 31 years of distinguished service to the group. Sanni holds a B Agric (Hons) degree in Agricultural Economics from the University of Nigeria and an MBA from Obafemi Awolowo...

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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.

Residents of Accra can now enjoy hot, made-to-order pizza in-store or delivered to their doorstep by Domino's master franchisee, Fire Foods Ghana Ltd. "We are excited to partner with Domino's on bringing this leading and much-loved pizza brand to Ghana's shores," said Karan Kapur, executive...

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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.

The Coca-Cola Company intends to sell a portion of its shareholding in CCBA via an initial public offering. The decision is in line with The Coca-Cola Company’s objective of focusing its resources on building consumer-loved brands and innovation. The companies intend for an IPO within the next 18 months. The exact timing will be driven by a number of...

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[Interview] Nick Treurnicht, Customer Engineer for Google Workspace, DigiCloud Africa, South Africa

Nick Treurnicht is the Customer Engineer for Google Workspace at DigiCloud Africa, Africa's Google Cloud Brokerage, specialising in Google Cloud products - including Google Cloud Platform, G Suite, Google Maps and Chrome.

Kindly introduce yourself and your role at DigiCloud Africa

I have been working with Google Workspace since 2013 and have sold it, trained on it, deployed it and migrated it.  I started at a Google Partner in South Africa and assisted in them becoming a Premier Google Partner.  I have in depth...

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[Column] Ian Lessem: Shaping tomorrow’s innovation - Collaborating with the right VC partner

Early-stage African tech investor HAVAÍC says aligning to startup founders’ interests, allowing management to maintain their independence, leveraging off smart capital and working together towards a mutually favourable exit is the foundation for successful collaboration between Venture Capital (VC) investors and startups.

Ian Lessem, the Managing Partner at HAVAÍC, notes that for African startups with international ambitions, partnering with professional investment managers with proven expertise...

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[Column] Joshua Ndemenge: University Students need continuous mentorship to become relevant in their chosen fields of study

In March, Microsoft’s Africa Development Centre (ADC) announced the kick-off of Season 2 of its  Game of Learners (GOL) program, an initiative aimed at enhancing digital and coding skills amongst university students in Africa, initially targeting Kenya and Nigeria. 

Run in the form of a  hackathon, the program engages directly with students regardless of the higher education institution they come from. It is structured in the form of a virtual experience where participants learn computer science...

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[Column] Dejan Kastelic: How 5G technology could shape Africa's future

Developing nations have arguably surpassed their developed counterparts in benefiting from the rapid deployment of mobile technology.

With the challenges of deploying fixed infrastructure (especially in rural and remote areas) and a shortage of ICT resources, mobile technology is the primary, and often only, platform to access the internet in developing countries, accounting for 87% of broadband connections in these regions. The impact of mobile technology is likely to be even...

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[Africa Tech Review] Duncan Mochama: More African countries are now rolling out 5G

5G is here with us with a number of African telcos already starting to roll out this fifth-generation technology standard for broadband cellular networks in the different countries they operate in. 

This week, Africell, a mobile operator serving over 12 million subscribers throughout Africa, signed a multi-million-dollar agreement with Aviat to provide a 5G-ready end-to-end disaggregated transmission network across multiple African countries. This came after Kenya’s leading telco Safaricom...

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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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