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

22-06-2021 | 12:12:44
AMEA Power launches 50MW solar power plant in Togo
AMEA Power, a subsidiary of UAE-based Al Nowais Investments (ANI), has announced the official commissioning of its 50MW solar photovoltaic (PV) plant in Blitta, Togo, marking the country's first utility-scale renewable energy project developed by an Independent Power Producer

22-06-2021 | 12:08:05
FSD Africa Investments invests $4.5 million to support the scale up of off-grid energy access in African markets
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has invested $4.5 million in Nithio FI, a renewable energy financing intermediary focused on the Pay as You Go (PAYG) off-grid solar sector, to provide reliable and sustainable renewable energy solutions for households and small businesses in Kenya, Nigeria, and Uganda.

22-06-2021 | 12:05:12
UAE suspends flights from Liberia, Sierra Leone, Namibia
The General Civil Aviation Authority (GCAA) and the National Emergency Crisis and Disasters Emergency Management Authority (NCEMA) have announced the suspension of all inbound flights for national and international carriers coming from Liberia, Sierra Leon, and Namibia, effective 23:59 on Monday, June 21st.

21-06-2021 | 16:46:23
Chouhaid Nasr appointed new Country Director for Veolia Morocco
Antoine Frérot, Veolia Group’s Chairman and Chief Executive Officer, announced that Chouhaid Nasr has been appointed as Morocco Country Director, effective July 1, 2021.

21-06-2021 | 15:19:00
ITFC, International Trade Center launch ‘SheTrades’ initiative in Egypt
The International Islamic Trade Finance Corporation (ITFC), launched the “SheTrades” initiative in Egypt, implemented by the International Trade Center (ITC) within the framework of the Aid for Trade Initiative for Arab States (AfTIAS) program.

21-06-2021 | 14:55:00
Radisson Hotel Group debuts in Djibouti
Radisson Hotel Group announced the signing of Radisson Hotel Djibouti. The hotel marks the Group’s entry into the country and brings its East African portfolio to 18 hotels and over 2700 rooms.

18-06-2021 | 11:19:00
CDC commits $50m for renewable power project in South Africa
CDC Group, UK’s development finance institution and impact investor, announced a $50 million project finance direct debt investment to ACWA Power’s Redstone Concentrated Solar Power Project (Redstone) in South Africa.

18-06-2021 | 10:35:39
DHL adds sustainable marine fuel option for full container load shipments
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, introduced another Sustainable Marine Fuel (SMF) service for ocean freight as part of its sustainability strategy.

17-06-2021 | 08:48:28
Eight COMESA countries sign the Air Transport Market agreement
These are the Democratic Republic of Congo, Egypt, Ethiopia, Kenya, Rwanda, Eswatini, Zambia and Zimbabwe. This initiative is led by the African Union through the African Civil Aviation Commission (AFCAC).

17-06-2021 | 08:43:31
[Kenya] KenGen Joins UN-backed campaign against global warming
Kenya Electricity Generating Company PLC (KenGen) has joined the UN-backed global campaign to combat global warming, becoming the first public service agency in Kenya company to do so.

16-06-2021 | 14:55:00
IAA expands global market alliance network in Nigeria
IAA, Inc., the global digital marketplace connecting vehicle buyers and sellers, announced a strategic market alliance in Nigeria with Boacon Autos.

16-06-2021 | 14:10:00
NAS awarded airport lounge tender for new terminal at Kenneth Kaunda International Airport, Zambia
National Aviation Services (NAS), airport services provider, and NAC2000 Corporation have been awarded a tender to operate an airport lounge in the new terminal at Kenneth Kaunda International Airport (KKIA) in Lusaka, Zambia.

16-06-2021 | 13:56:58
NAS launches ground handling operations in Guinea-Bissau
National Aviation Services (NAS), the airport services provider, announced the launch of its operations at Osvaldo Vieira International Airport in Guinea Bissau.

16-06-2021 | 13:35:00
[South Africa] Competition Tribunal approves sale of Sasol's16 air separation units to Air Liquide
Sasol announced that the Competition Tribunal approved its sale of 16 air separation units (ASUs) to Air Liquide, concluding the final outstanding suspensive condition from the agreement.

16-06-2021 | 13:02:00
World Bank steps up support to deepen regional integration in Africa
The World Bank updated its approach to help strengthen regional integration in Africa. This reinforces the institution’s support to help the continent recover from the COVID-19 pandemic and realize its economic transformation through 2021-2023.


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