Year 8 | Edition 14 | 19 November 2021

[Egypt] EFG Hermes Holding concludes acquisition of Arab Investment Bank

EFG Hermes Holding informed shareholders that it has completed its transformation into an Egyptian universal bank with a market-leading frontier emerging markets (FEM) investment banking platform.

The news comes as the Firm has finalized its acquisition of a 51% stake in the Arab Investment Bank (aiBANK), marking a strategic entry into the fast-growing and solid Egyptian commercial banking sector. The transaction will see EFG Hermes Holding assume control of aiBANK, with TSFE...

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African Development Fund extends $40m grant to establish Development Bank Ghana

The African Development Bank approved a grant of $40 million from the African Development Fund to the Republic of Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution in Ghana.

The Development Bank Ghana is designed to provide financing to micro, small and medium sized enterprises as well as small corporates in agribusiness, manufacturing and information and communication technology (ICT). Ghana is pursuing an...

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Lake Harvest Zambia joins the Tingg digital payment ecosystem

Cellulant, a Pan-African payments company, has partnered with one of Zambia’s fish distributors, Lake Harvest to enable mobile payments in all their outlets through the Tingg one-stop digital payment platform.

As consumer purchasing habits evolve, Lake Harvest has placed importance on accepting all forms of mobile money to give their customers a seamless payment experience. Lake Harvest highlighted that this was necessitated by demand from their customers who kept requesting easier ways to...

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Radisson Hotel Group debuts its third brand in Morocco

Radisson Hotel Group and REALITES Groupe announced the signing of Lincoln Casablanca, a Radisson Collection Hotel, debuting Radisson Hotel Group’s third brand in Morocco.

Radisson Collection also marks the Group’s ninth hotel signing in Morocco this year, bringing its portfolio in the country to 11 hotels in operation and under development, and setting the Group firmly on track to exceed its ambition of reaching 15 hotels by 2025. “The Lincoln Hotel”, the oldest hotel in...

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Cloudmania targets 13 African countries with new offerings

Cloudmania, an exclusive provider of Cloud Partner Programmes in Africa, has opened its doors in 13 countries across the continent. The indirect provider focuses on partner building and enablement by giving resellers the ability to resell superior solutions by leveraging Cloudmania.

According to Winston Ritson, Chief Business Officer, Cloudmania, "We understand the growing need for cloud services and its vital role to ensure seamless collaboration between employees. Our extensive expertise will ensure that...

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Real estate firm Coldwell Banker launches its latest franchise programme in Egypt

Coldwell Banker - Egypt, a pioneer in real estate investment and marketing, has announced the launch of its new Franchise Program in Egypt for the first time.

This came on the sidelines of its sponsorship of the fourth edition of BiznEX 2021- Egypt’s Business Conference, which is dedicated to attract business and investment opportunities in light of Egypt’s interest in micro, small and medium enterprises. The launch of the Franchise Program comes within the framework of the pioneering strategy of Coldwell Banker...

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Brussels Airlines confirms its position in the African market with a new brand identity

Brussels Airlines unveiled a new brand identity, confirming its position in the market as Belgium’s home carrier and the Africa expert of the Lufthansa Group.

Updated colours, a new logo and aircraft livery are the visual token of the airline’s new chapter, stating its readiness for future challenges and reemphasizing on the importance of the Belgian brand. A chapter with a strong focus on customer experience, reliability and sustainability while keeping a competitive cost-structure. As a consequence of the...

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IFC, Rehoboth Properties launch green homes in Ghana

IFC and Rehoboth Properties announced the first affordable housing project in Ghana to achieve IFC's Excellence in Design for Greater Efficiencies (EDGE) green building certification, helping Accra reduce greenhouse gas emissions while conserving energy and water usage.

Rehoboth's 1,700-unit Knightsbridge community in the suburb of Kwabenya features efficient lighting, natural ventilation, low-flow faucets, and dual-flush toilets, among other energy efficient technologies, reducing electricity and water use by...

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MTN Group progresses with simplification of its portfolio with exit from Yemen

MTN Group announces the Group’s exit from its operation in Yemen in a transaction that furthers the delivery of their Ambition 2025 strategy and is in line with their intention. First announced in August 2020 to exit the Middle East.

Effective 17 November 2021, MTN Group transferred their majority shareholding in MTN Yemen to Emerald International Investment LCC. Emerald is a subsidiary of Zubair Investment Center LLC, an affiliate of Zubair Corporation LLC, which is...

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[South Africa] Capitec Bank taps SAP’s innovation to modernize operations

As changing consumer habits and the impact of the COVID-19 pandemic continues to drive adoption of digital services in Africa, banks in particular are under pressure to extend their services into the digital realm.

One recent study found that 96% of banks operating in the African continent have digital transformation at the top of their agendas. For one of South Africa’s largest and most innovative banks, a rapidly growing customer base hungry for its banking services led to an ambitious and award-winning digital...

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Norfund, UK Climate Investments announce funding for wind farms project in South Africa

Norfund and Macquarie-managed UK Climate Investments (UKCI) are financing a joint venture between H1 Holdings and Pele Green Energy to fund their 40% equity participation in a 700 MW portfolio of onshore wind farms.

Both partners will invest alongside Enel Green Power in one of South Africa’s largest renewable energy equity deals valued at around $US100 million. Increased access to clean, reliable, and affordable energy is a critical enabler of social and economic development, and the investment will aim to...

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KenGen drills Ethiopia’s deepest geothermal well

Kenya Electricity Generating Company PLC (KenGen) has completed drilling the deepest geothermal well in Ethiopia reaching a depth of 3,000 meters, surpassing a target of 2,750 meters.

This marks the second of eight geothermal wells KenGen has been contracted to drill for the state-owned electricity producer, Ethiopia Electric Power Company which was delivered successfully amid COVID-19 pandemic. “We are happy to see our teams deliver the same level of success in...

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Government of Rwanda and Google collaborate to accelerate digital transformation

The Government of Rwanda, led by the Ministry of ICT and Innovation, has partnered with Google to accelerate the country’s digital transformation. This initiative is in line with Rwanda’s ambition to drive inclusive economic development leveraging technology.

Rwanda’s vibrant economy is an ideal launch pad for future innovation in Africa, with focus in four key areas: affordable and universal access to connectivity; adoption of digital platforms; Digital Skilling for All; and fostering a pan-African...

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Can Dangote provide 250,000 jobs at his $19bn oil refinery?

The richest black man, Aliko Dangote, is aiming to create more wealth for more Nigerians when his oil refinery begins operation in a few months.

The Dangote oil refinery, the world’s largest single-train refinery, is expected to produce 650,000 barrels per day. The $19 billion project located in Ibeju-Lekki in the outskirt of Nigeria’s commercial capital, Lagos, is projected to create jobs for at least 25,000 Nigerians when it's completed and fully operational, says Group Executive Director of Strategy and...

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[Nigeria Business Week] Andrea Ayemoba: National GDP for Q3 sees increase, amid growing economic concerns

The Nigerian Minister for labour recently has affirmed that more needed to be done in order for the employment crisis to be mitigated. He did allow that much has been done, but a lot of action still was required if the problem was to be tackled from the roots.

Many would agree that entrepreneurship, with all the mentoring and support that it requires, is the most obvious answer. The Central Bank has not been idle in this regard, as seen in its ample loan disbursement in one year to cushion...

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[Africa Cloud Review] Simon Ngunjiri: Cloud is the centrepiece of new digital experiences for African businesses

Cloud technology has helped businesses in sub-Saharan Africa manage the disruptions caused by the coronavirus pandemic, something we have extensively spoken about in a previous column. When the pandemic hit, most businesses turned to the cloud to improve operational efficiency.

The pandemic changed the way we work, with businesses having to migrate to the cloud to enable collaborative remote- or hybrid-work environments.  Analysts predicted more and more businesses will be moving to the cloud as businesses...

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[Interview] James Claude, Chief Executive Officer, Global Voice Group, Africa

James Claude, the CEO of Global Voice Group (GVC). GVC assists governments to increase efficiency, revenue, and transparency and compliance, through intelligent big data solutions applied to vital sectors of the economy, including telecoms, fintech and the whole mobile and digital ecosystem.

You’re a global provider of ICT and RegTech solutions for governments and regulatory bodies. Tell us about this. 

RegTech, as the buzzword suggests, is the use of technology for regulatory purposes. From the point of view of our clients from governments and regulatory bodies, it consists in using...

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[Interview] Alioune CISS, Chief Executive Officer, Webb Fontaine, Africa

Alioune CISS is the Chief Executive Officer at Webb Fontaine, a leading provider of solutions for Trade facilitation, powered by modern technology including artificial intelligence across different African countries.

The company develops new-generation IT systems that take Trade and Customs processes to the next level for the benefit of the global trading community...

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[Column] Cathy Smith: Social enterprises could hold the key to a prosperous and equitable future for Africa

As we continue rebuilding following the economic and social damage caused by the pandemic, there is ample opportunity for optimism.

I am encouraged by the continent’s rich history of innovation and ingenuity. After all, Africa is the cradle of humankind, where stone tools were first invented (2.6 million years ago in modern Ethiopia), papyrus was invented by the Egyptians more than 5 000 years ago, and where the world’s first university – in 859 – was created in Morocco. Today, Africa...

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[Column] Garry Ackerman: Digital transformation - The greatest barrier to education

More than 70 percent of disadvantaged students lost learning due to limited or no access to digital devices, this is according to a report by Oxford University Press (OUP) titled Education: the journey towards a digital revolution, which reflects on how schools can embrace digital technology to shape education in the future.

Education is one of the sectors that has been most dramatically affected by global lockdowns. Millions of students, parents and teachers across the world had to suddenly adapt to new ways of learning and accessing educational resources...

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[Africa Tech Review] Duncan Mochama: MTN Rwanda selects Ericsson to deploy a Network Operations Center

There was some interesting news on African telcos that we covered this week. In Rwanda, MTN Rwanda selected its longtime partner Ericsson, to deploy a Network Operations Center (NOC). 

The five-year contract will support MTN Rwanda to focus on enhancing consumer experience through Ericsson’s Managed Services solution that will deliver automation-driven Information Technology (IT) operations. Airtel Money announced some new upgrades to its Airtel Africa...

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News Headlines

26-01-2022 | 15:13:00
Sodexo appoints Colm O'Mahony CEO of Africa & Middle East
Before joining Sodexo, O'Mahony held various roles in the catering and events industry in the UK and has been at the helm of managing numerous iconic events across the country’s sports and leisure industries.

26-01-2022 | 13:20:43
[Nigeria] Air Peace takes delivery of new A320 fleet
Nigerian-based airline, Air Peace, has taken delivery of two Airbus A320 aircraft, bringing the carrier’s Airbus fleet to four A320 aircraft.

26-01-2022 | 12:57:00
Homes & Villas by Marriott International launches in South Africa
Homes & Villas by Marriott International announced that almost 300 exclusive Cape Town, Johannesburg and Durban homes have been added to the platform.

26-01-2022 | 10:54:06
Paramount group appoints Steve Griessel as Group CEO
South African-born Griessel, a global business executive who served as CEO of several companies in South Africa and the United States, including two public companies, brings more than 30 years of business leadership and senior management experience to the group.

26-01-2022 | 09:42:00
NAS renews ISAGO certification in Cote d’Ivoire to enhance safety and quality
National Aviation Services (NAS), the aviation services provider in emerging markets, successfully renewed its IATA Safety Audit for Ground Operations (ISAGO) certification in Abidjan, Cote d’Ivoire for the third time.

26-01-2022 | 09:19:00
DHL Express SSA certifié top employer 2022 en Afrique
DHL Express, le leader mondial du transport express international, a été une nouvelle fois désigné « Top Employer » du continent africain par le Top Employer Institute.

26-01-2022 | 09:18:40
Boeing, Injaz al-Arab, and JA Africa partner to empower over 5,000 young African entrepreneurs
INJAZ Al-Arab, a member of Junior Achievement (JA) Worldwide, the world’s largest non-profit business education organization, has announced the strengthening of its partnership with Boeing.

26-01-2022 | 08:47:42
DHL Express SSA certified as top employer Africa 2022
DHL Express, the world’s leading international express provider, has once again been recognized as a Top Employer on the African continent by the Top Employer Institute.

25-01-2022 | 14:01:54
Orange Corners South Africa and AstraZeneca South Africa join forces to support for young entrepreneurs
Orange Corners South Africa (OC) and AstraZeneca South Africa have officially announced a new partnership to support Orange Corner’s programme in South Africa focused on creating an enabling environment for young entrepreneurs.

24-01-2022 | 12:54:54
South African Airways resumes flights to Durban
South African Airways (SAA) is to resume flights to Durban with three times daily return service effective 4th March 2022.

21-01-2022 | 15:23:06
GhanaWeb TV garners nearly 5 million views in first month of launch
Ghana’s first Advertising-based Video on Demand (AVoD) and free streaming news channel, GhanaWeb TV, has recorded 4.6 million views in the first month of its launch in November 2021.

20-01-2022 | 13:39:34
Netflix commits $1 million towards scholarships in Africa
The scholarship fund forms part of Netflix’s global Netflix Creative Equity Fund launched in 2021 to be allocated to various initiatives over the next 5 years with the goal of developing a strong, diverse pipeline of creatives around the world.

19-01-2022 | 10:33:35
Africa50 and Power Grid Corporation of India partner to pioneer Africa's first transmission PPP project in Kenya
Africa50, the pan-African infrastructure investment platform and Power Grid Corporation of India Limited (POWERGRID) signed a Joint Development Agreement to continue to develop the Kenya Transmission Project on a public-private partnership basis.

19-01-2022 | 09:41:00
Mastercard builds on its diversity commitment by joining pledge to accelerate gender balance in the UAE private sector
As part of its ongoing commitment to advance diversity and gender balance across its own operations, the technology industry, and the wider ecosystem, Mastercard has jointly signed an official pledge to meaningfully advance gender balance in the UAE.

18-01-2022 | 15:31:46
Dangote advocates unity, cooperation among Africans to get global recognition
President of Dangote Group, Aliko Dangote, has charged African leaders and citizens to be united in the promotion of the continent’s intrinsic greatness through improved trade relations amongst African countries.


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