Year 9 | Edition 18 | 27 May 2022
 
MetroTrans invests Sh389 million in 80 new FUSO canter buses to plug public transport demand gap

MetroTrans East Africa has invested Sh 389 million in a fleet of new FUSO buses aimed at meeting the door to door transport demand in the Kenyan Market. 

The investment is a lease partnership between National Bank of Kenya (NBK) and Simba Corporation as they seek to meet demand for public transport which has continued to rise over the years as population increases. In Nairobi there are currently about 3 million residents and a daytime population of 4.5 million people who need to commute through the city...

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AAEC deepens partnership with WAEMU through additional funding of 10 million CFA

The Africa Alliance for E- Commerce (AAEC) has renewed its partnership with West African Economic and Monetary Union (WAEMU) through an  additional funding of 10 million CFA Francs this year to support the joint project between  WAEMU-AAEC-AfDB. 

The support will go towards improving the performance of the Africa e-Trade Hub platform to  cater for the exchange of electronic certificates of origin as well as consolidating ongoing  initiatives and further support Member States in the process...

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Nigerian fintech startup Grey Partners with payments company Cellulant for East Africa expansion

Nigerian fintech startup Grey has announced the launch of its service to East Africa starting with Kenya in partnership with Cellulant. Its products, including foreign bank accounts, instant currency exchange, and international money transfers, are now available to Kenyan residents who sign up on Grey.

In partnership with Cellulant, Grey has expanded its services into East Africa, kicking off with Kenya to address the difficulties of sending & receiving money abroad. Grey, a Y-combinator backed fintech startup, offers a unique...

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Incentro renews Google Cloud’s Infrastructure Specialization

Incentro announced it has renewed its Infrastructure Specialization in Google Cloud Partner Advantage. The Google Partners Advantage program enables organizations like Incentro to gain access to training, support, and resources to set clients up to succeed.

This also allows Incentro to stand out from other partners as a reputable and trusted organization with the knowledge and experience to execute Google Cloud Platform solutions professionally. Part of this program includes the ability to...

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Technip Energies partners with COS Petrogaz to accelerate gas development in Senegal

Technip Energies and COS Petrogaz have signed a Memorandum of Understanding (MoU) to collaborate in the fields of LNG, carbon-free energy solutions and decarbonization, in order to accelerate Senegal’s gas development and support a fair and equitable energy transition.

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen...

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TAQA Arabia and Equatorial Guinea introduce CNG vehicles

Egyptian company, TAQA Arabia, has delivered its first five compressed natural gas (CNG)-powered vehicles in Equatorial Guinea as part of an agreement signed between the firm and the Ministry of Mines and Hydrocarbons to collaborate on the development and expansion of the gas market in the central African country.

The African Energy Chamber (AEC), as the voice of the African energy sector, would like to congratulate the Ministry of Mines and Hydrocarbons and TAQA Arabia for the milestone...

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USAID trade hub partners with ShEquity to catalyze investment in Women businesses in West Africa

With a $1.2 million co-investment grant from the USAID-funded West Africa Trade & Investment Hub (Trade Hub), ShEquity Partners (ShEquity), an investment firm that promotes women’s entrepreneurship in Africa, will invest in and support more than 100 high-potential women-owned or led businesses.

According to Pauline Koelbl, Founder and Managing Director of ShEquity, women entrepreneurs are integral for Africa’s success, as they operate more than 40 percent of small and medium-sized businesses on the continent. However, African...

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[South Africa] BT and MTN Business form strategic alliance to enhance communications services in Africa

Today, BT and MTN Business announced a strategic alliance which will offer world class security and communications services to business customers across Africa.

New and existing MTN Business customers will get access to a raft of solutions, including cloud-based security and consultancy, managed connectivity, and voice services which will be delivered seamlessly as part of MTN’s Enterprise portfolio, meeting local regulatory and compliance requirements. The two leading operators will collaborate...

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[South Africa] NEC XON, Mimecast partner for SADC’s best e-mail security

NEC XON has partnered with Mimecast Limited to complete its turnkey cybersecurity offering to South African organisations with secure email platform, integration, and managed cybersecurity services.

Mimecast is recognised by analysts and customers as one of the world’s top email security and cyber resilience companies. “Email security is still one of the most important cybersecurity and data protection controls,” says Kevin Smith, Head of Cyber Security at NEC XON. “It is a significant contributor among...

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Mastercard, One Global and i2c partner to launch integrated wallet in Middle East and North Africa

Mastercard, One Global™ and i2c have announced a partnership to provide tailored financial solutions that will enable the issuance of digital mobile wallets in the region. Through this partnership, banks, fintech, merchants and wallet providers can now offer consumers in the region easy access to cutting edge, digital-first payment solutions and services.

Amnah Ajmal, Executive Vice President, Market Development, Eastern Europe, Middle East and Africa at Mastercard said: “Following the successful adoption of Mastercard Digital First solutions by many leading banks, we have introduced...

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Digital Afrique Telecom partners with Ever Medical Technologies to modernize African healthcare through tech

Digital Afrique Telecom (DAT), a pan-african player in digital services, development, aggregation and hosting of mobile value-added services has partnered with Ever Medical Technologies, a medical technology solutions provider to facilitate, improve and disseminate digital medical solutions across the continent.

Africa is growing fast, urbanizing, and industrializing. Every country in Africa is working to close the gap on infrastructure. A major part of these efforts is in modernising the healthcare systems. Digital Afrique Telecom is a major player with a...

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IFC, Averda ink deal to support waste management in the Middle East and Africa

A landmark new agreement between IFC and Averda International, one of the largest privately owned integrated waste management companies in the Middle East and Africa, is helping to bring innovative waste solutions to emerging markets in the two regions.

IFC is providing a $30 million loan to build the UAE-based company's resilience post-pandemic and enable it to continue its planned growth in Oman, Morocco, and South Africa. The groundbreaking agreement will help deliver climate benefits...

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AfricInvest FIVE joins mobility fintech Moove’s latest US$105m Series A2 funding round

AfricInvest, a leading investment platform in Africa, is joining mobility fintech Moove’s latest US$105 million Series A2 equity and debt financing round through its Inclusion Vehicle (AfricInvest FIVE).

Existing shareholders Speedinvest, Left Lane Capital and thelatest.ventures are leading the round, with the participation of other existing and new investors including MUFG Innovation Partners and Latitude. Launched in 2020 by Ladi Delano and Jide Odunsi in Nigeria, Moove is the world’s first mobility...

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Uber reaches 1 billion trip milestone in Africa

Uber is celebrating a huge milestone having clocked a billion rides across all its markets in Africa. The company which entered the African market less than a year ago says it has so far facilitated 1 billion trips in the continent.

Over 10 billion kilometres of trips have been completed, and this is equivalent to travelling to the moon and back over 5500 times. During the same period, Uber and Uber Eats have collectively reached over 30 million riders and eaters in Sub-Saharan Africa. “Since entering the market in 2013, we have...

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Banking has the most valuable brands in Africa, followed by telecom and retail, report

Banking brands including Standard Bank (brand value up 26% to US$1.6 billion), First National Bank (brand value up 18% to US$1.6 billion) and Absa (brand value up 16% to US$1.4 billion) are contributing to the success of African brands significantly with 26% of the total brand value growth according to the new Brand Finance Africa 150 2022 report by brand valuation consultancy Brand Finance.

The growth of African banks in the ranking is facilitated by focusing on digital payments and online banking. Similarly, the telecommunications sector led by MTN (brand value up 49% to US$4.0 billion), Vodacom (brand value up 18% to US$2.0...

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[UNICAF] Scholarship Opportunities

Unicaf is an online and blended learning higher education platform that is dedicated to making higher education of international standard accessible, by offering scholarship opportunities to professionals and young school leavers.

What are scholarship opportunities?

A scholarship could be defined as financial aid that relieves the burden of tuition fees and living costs that students and families have to pay to secure a place in secondary and tertiary education. Considering the rising costs of student expenses and debts, we could nowadays describe education...

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The Africa Trade Expo (TATE) | Virtual Conference and Trade Show | 9 March 2022 - 9 March 2023

The Africa Trade Expo (TATE) presents direct access to African buyers whose main aim is to source the latest products, establish partnerships, and conclude import/export deals. TATE is an ongoing virtual trade show for African businesses to network, collaborate, and enter into partnerships with international manufacturers and exporters. Present your new opportunities, network, build relationships and grow your business in African markets...

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Future Foods | African Food & Beverage Industries Virtual Conference & Trade Show | 9 March 2022 - 9 March 2023

Future Foods is a virtual meeting place for importers, F&B managers, retail category buyers, owner-operators, agents, and distributors from across Africa’s diverse and booming market to come to conferences, to network, meet exhibitors, source products, new ingredients, retail shelf-ready products, and the latest processing, packaging, and logistics solutions. Future Foods connects attendees exhibitors across the...

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[Column] Georginah Machiridza: Giving Africa a creative voice in the digital era

We’re all aware of how rapidly the media landscape is changing. Audiences have been migrating to digital and online channels for more than a decade, and even established media such as broadcast, film, and radio are using hybrid platforms that reach audiences across multiple channels.

A modern media company would likely use a combination of broadcast media, social media, written content, video clips, as well as animation and physical activations to share content...

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[Column] Patrick Ndegwa: Continental collaboration - How to take the African tech ecosystem into the future

According to a report by the African Development Bank, Africa has the highest rate of entrepreneurship in the world, with 22% of the working-age population starting their own businesses. While the African continent has struggled to direct its large human capital pool and vast natural resources to accelerate economic growth, a new wave of entrepreneurship shows tremendous potential.

With the world on a steady course toward rapid digitalisation, many African start-ups are focusing on tech-based solutions. And as one of the fastest-urbanising regions in the world with an emerging middle class, Africa’s growing tech landscape is...

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[Column] Dumisani Moyo: Can technology be the driving force behind Africa’s development?

The month of May is significant for the African continent because it is during this month that we celebrate Africa Day. Africa Day commemorates the formation of the African Union on May 25, 1963.

It is a day when Africans celebrate the continent’s independence, freedom, and liberation from colonialism. Reflecting on the significance of Africa Day, we have accomplished much in terms of colonial liberation, but much work remains to be done in achieving liberation from persistent challenges such as poverty, inequality, and...

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[Column] Baljeet Nagi: From crisis-struck to risk-shielded supply chain management

With the disrupted supply chains of today in the spotlight, Supply Chain Management (SCM) has transformed as a consideration, moving from a “behind the scenes” organisational role to a prime driver of company business.

As enterprises transition to the “new normal,” there should be a significant acceleration of digitisation to allow supply chains to emerge in a stronger position. After all, SCM is a key component of essentially every business sector, not just a concern for retail, manufacturing and heavy industry. Across...

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[Column] Andrew Cruise: How to create a cloud migration strategy for your business

The benefits of cloud are clear: increased agility and efficiency, longer-term hardware efficacy, and greater security are just some of the perks.

Why, then, has everyone not yet moved their operations to cloud? “Eliminating traditional infrastructure is a major undertaking,” says Andrew Cruise, MD of VMware Cloud provider Routed. “And with all the cloud options available today, decision-making has become more complex.” With all the noise out there, it’s important to put a solid cloud...

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[Column] Nick Durrant: Changing the fintech landscape

There is a new breed of agile, tech-driven start-ups that are fast changing the fintech landscape. Modern tech-savvy consumers are opting for financial service providers that can help them better understand their financial position and manage it accordingly across any platform, any time.

Consumers expect a digital-first customer experience and businesses will have to adapt to and thrive in this changing environment. Tech is transforming the market and meeting the growing digital demand. Waiting to innovate is no longer an...

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[Column] Ashley Olson Onyango: GSMA improves Women’s Digital Safety with Mobile Tokenisation

The start of the COVID-19 pandemic accelerated the shift in how people get access to information, services and conduct business. As governments in most countries implemented hard lockdowns to curb the spread of the pandemic, mobile phones allowed people to stay connected and access critical services and information.

This contributed to the growth of mobile internet usage, with over 3 billion people in low- and middle-income countries (LMICs) now accessing the internet on the palms of their hands. In LMICs, the majority of women own a mobile...

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[Nigeria Business Week] Andrea Ayemoba: Telecoms slide into banking, Central Bank ups interest rates

The last few days have shown us developments and setbacks, statistics that show growth on the one hand and room for improvement on the other. What has stood out is the glaring inequality of women versus men in the Nigerian credit market.

new report has revealed that nearly the entire female population is excluded from formal acquisition, also highlighting just how much of the Nigerian population makes use of the formal credit market. On a more positive note...

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[Africa Tech Review] Nixon Kanali: Africa still lagging behing when it comes to Digital Rights and Inclusion

Digital Rights and Inclusion have been an area of concern for most countries across Africa. At the recently-concluded Digital Rights and Inclusion Forum 2022 organized by Paradigm Initiative and a host of country partners across 17 African countries, stakeholders shared recommendations for a proper digital rights implementation within the continent.

It was concluded in Kenya with the launch of PIN’s 2021 Annual Digital Rights and Inclusion Report –  LONDA featuring 22 countries. This week, Nigerian fintech startup Grey announced the launch of its service to East Africa...

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News Headlines

05-07-2022 | 12:55:00
L'African Business Roundtable promeut le commerce Africain lors de la Journée annuelle de l'Afrique de la SABC
L'African Business Roundtable a participé en tant que partenaire institutionnel et sponsor à la 10e Journée annuelle de l'Afrique du Swiss African Business Circle 2022 à Baden en Suisse.


05-07-2022 | 11:16:00
The African Business Roundtable promotes African trade at SABC Annual Africa Day
The African Business Roundtable participated as an institutional partner and sponsor at the Swiss African Business Circle 10th Annual Africa Day 2022 in Baden Switzerland.


04-07-2022 | 11:26:00
African Business Roundtable nomme Africa Influencer Agency comme partenaire RP
L'African Business Roundtable a choisi la maison de médias Africa Influencer Agency pour être responsable de ses campagnes marketing et médiatiques.


04-07-2022 | 11:06:00
USAID announces $74m early grade reading in Malawi
The U.S. government, through the U.S. Agency for International Development (USAID), is supporting Malawi’s vision for early grade literacy through the new Next Generation (NextGen) early grade reading project.


04-07-2022 | 10:18:31
Anghami acquires live events and concerts company Spotlight
Anghami Inc., the leading music and entertainment streaming platform in the Middle East and North Africa, has announced the acquisition of Spotlight Events, an events and concert company specialized in managing and executing live events and concerts in the region.


04-07-2022 | 08:30:00
African Business Roundtable appoints Africa Influencer Agency as PR partner
The African Business Roundtable has chosen media house Africa Influencer Agency to be responsible for its marketing and media campaigns.


04-07-2022 | 08:26:00
Eni Rovuma Basin hands over school infrastructures at Cidadela das Crianças Primary School
Eni Rovuma Basin, on behalf of the Area 4 partners and together with ADPP, has inaugurated a school sports infrastructures at the Cidadela das Crianças community primary school in Maputo.


01-07-2022 | 11:09:00
ADEX, EBID sign financing agreement to boost UAE exports to West Africa
Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed a financing agreement with the ECOWAS Bank for Investment and Development (EBID), to boost Emirati exports in the African market.


01-07-2022 | 10:28:00
Qatar Airways partners with Airlink to enhance connectivity across Southern Africa
Qatar Airways and Airlink signed a comprehensive codeshare agreement to offer travellers more choices, enhanced services and greater connectivity between 45 destinations in 13 countries across southern Africa and the rest of the world.


30-06-2022 | 12:41:00
Guinea eases cross-border trade
Trading across borders between Guinea, Sierra Leone and Liberia to be made easier for small-scale traders and women.


30-06-2022 | 10:59:00
Le directeur national d'ABR Côte d'Ivoire plaide en faveur de l'autonomisation des femmes.
Lors du récent Africa CEO Forum, Massogbè Touré, directrice nationale de l'ABR Côte d'Ivoire, a participé à un panel. Elle a utilisé la plateforme pour discuter de la structure panafricaine de l'ABR, en célébrant ceux qui ont cru en capacité des femmes de valeurs.


29-06-2022 | 17:50:00
ABR Côte d'Ivoire Country Director makes a case for women empowerment
At the recent Africa CEO Forum, Massogbè Touré, the Country Director at ABR Cote d'Ivoire participated as a panelist. She used the platform to discuss the pan-African structure of ABR, celebrating those who have believed in the capacity of women of values.


29-06-2022 | 11:00:00
[Nigeria] NCC, 3R sign pact on revenue assurance solutions
The Nigerian Communications Commission (NCC) has finally signed a Public Private Partnership (PPP) agreement with its consultant, 3R Company Nigeria Limited, for the execution of the Revenue Assurance Solutions (RAS) to strengthen and manage the integrity of revenue generation process in the Nigerian telecommunications industry.


29-06-2022 | 10:24:34
Wego and German National Tourism office GCC partner for the Third Year running
Wego, the largest online travel marketplace in the Middle East and North Africa (MENA), and German National Tourist Office for the GCC sign new partnership to inspire travellers to visit the country post COVID-19.


28-06-2022 | 13:17:21
Kazera Global to acquire majority stake in Kenya's Great Lakes Graphite
Kazera Global announced the signature of Binding Heads of Terms for the proposed acquisition of a 71% interest in Great Lakes Graphite, which owns 100% of 3 exploration licenses covering the Homa Bay and Buru Hill Rare Earth Elements in Kenya.


 


 
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