Year 9 | Edition 24 | 8 July 2022
NGX, BOI collaborate to deepen capital market in Nigeria for inclusive growth

The Nigerian Exchange (NGX), and the Bank of Industry (BOI), signed a Memorandum of Understanding (MoU) to deepen capital market reach, build the capacity of stakeholders through financial literacy programs, facilitate market advocacy initiatives and promote listings.

The MoU will have NGX, and BOI collaborate on driving capital market solutions through the promotion of retail participation and listings, enhancing information flow to stakeholders and supporting market development that further deepens capital...

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MTN Cameroon implements new data analytics and AI solution powered by LigaData

MTN Cameroon announced the adoption of a new data analytics and AI platform to drive its digital transformation plans. The new solution unifies and correlates mobile operator and subscriber data into a single 360-degree view and enables real-time decisioning with LigaData’s Data Fabric and Flare products.

MTN Cameroon becomes the thirteenth MTN Operating Company to implement the innovative technology solution with the support of strategic data partner LigaData. The business looks to build on the success of its fellow OpCos, offering...

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CBS approves banking licenses of Banque Misr and Ziraat Katilim to operate in Somalia

The Central  Bank Of Somalia (CBS), announced it has given approval to Egypt’s Banque Misr and Turkiye’s Ziraat Katilim to establish and operate branches in the country, after fulfilling all bank licensing requirements of the CBS.

Abdirahman Mohamed Abdullahi, Governor, CBS: ''After an extensive process, we are happy that the Board has approved the licensing application of Ziraat Katilim Bank and Banque Misr. They are both solid banks that will add value to the development of Somalia’s financial sector and contribute to...

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Brokerslink expands global network with new affiliates from Africa

Global broking business, Brokerslink, has expanded its global network in Africa with an addition of four new independent broking affiliates across the continent from Burkina Faso, Gabon, Sierra Leone and Niger, as well as Pan-African asset valuation expert, Roux Afrique.

The four new broker affiliates, each representing high-quality broking expertise in their respective countries and beyond, are: La Grande Agence (LGA), headquartered in Burkina Faso, LGA uses its local expertise and over two decades of...

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Flocash and Visa partner to promote digital capabilities for African SMEs

Visa, a world leader in digital payments, announced today that it is partnering with Flocash, FT Africa’s fastest growing fintech 2022, to promote digital capabilities for African SMEs through digital payments, supplier solutions and access to financial services.

The first step in this partnership is the launch of Flostore, powered by a Visa digital wallet and the Flocash pan -African payment platform, which can help small businesses accept digital payments, manage supplies and access financial...

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[Nigeria] Former Mastercard Vice President joins Klasha as new Chief Commercial Officer

Klasha Inc, a San Francisco and Lagos-based technology company transforming cross-border African commerce, announces the appointment of Nile Younis as Chief Commercial Officer. 

Nile will be based in Dubai, and joins Klasha after a successful 10-year career at Mastercard, where he created leading go-to-market strategies across the MEA (“Middle East Africa”) region for real-time and multi-rail payments interoperability. Most recently, Nile was the P&L business owner responsible for...

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Bboxx partners with Solar Sister to accelerate clean energy access in Nigeria

Bboxx has partnered with Solar Sister, a clean energy and women’s empowerment network operating in several African markets, to implement and accelerate the provision of solar energy to off-grid areas across Nigeria.

Solar Sister has been active across Sub-Saharan Africa since 2010 and opened its first Nigerian office in Lagos in 2014. Since then, they have reached over 500,000 Nigerians in rural areas, providing them with access to clean energy and cookstoves. They recruit, train and support female...

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Autochek acquires CoinAfrique to accelerate expansion across Francophone Africa

Autochek, the Nigerian automotive startup has accelerated its expansion to Francophone Africa after acquiring CoinAfrique for an undisclosed amount.

CoinAfrique is the leading platform for classified ads in French-speaking Africa, and this acquisition will see Autocheck penetrate its auto financing services in Senegal, Côte d’Ivoire and other French-speaking African countries. Founded in 2016 by Matthias Papet and Eric Genetre, with a presence in Côte d’Ivoire, Senegal and 10 other French-speaking African...

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NSIA, Vitol establish carbon reduction and offset joint venture in Nigeria

The Nigeria Sovereign Investment Authority (NSIA), has partnered with Vitol, a Dutch energy and commodity trading company, to establish a joint venture to invest in a range of high integrity, socially impactful, carbon avoidance and removals projects.

NSIA and Vitol have agreed to make an initial commitment of $50 million to this new venture, that will invest exclusively in projects in Nigeria, partnering with local NGOs which have a proven track record of successfully delivering high-quality...

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Infor Appoints Kerry Koutsikos as GM and VP for Middle East & Africa Region

Infor has appointed Kerry Koutsikos as Vice President and General Manager for the Middle East and Africa region. Koutsikos will drive Infor’s business growth and strategy in the region and ensure customer success through agile delivery of Infor’s industry-specific cloud solutions.

“We are excited to welcome Kerry to our Middle East & Africa operation,” said Wolfgang Kobek, Infor Executive Vice President and General Manager for EMEA. “Kerry joins Infor at an exciting time in the region. Sectors including...

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Kenyan healthtech startup AfyaRekod launches Universal Patient Portal

Kenyan-based AfyaRekod launched the fully automated Universal Patient Portal – a block-chain driven technology that will transform the face of patient care across Africa and the World.

Through a secure central platform ( patients and the medical professionals treating them will have real-time access to their health data and medical history not only ensuring effective ongoing medical management, but critical, timely information in an emergency. The brain-child of CEO...

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CFAO Kenya invests in OFGEN to contribute to power cost reduction and carbon neutrality

CFAO Kenya, a subsidiary of CFAO group, has invested in OFGEN, a provider of solar PV installation for commercial and industrial use in East Africa, to contribute to power cost reduction and carbon neutrality.

CFAO Kenya has worked with OFGEN since 2018 to solarize CFAO Group owned premises within Kenya and Uganda. CFAO group will continue to leverage on OFGEN’s expertise in commercial solar PV installation to solarize all its business premises within the East African Region, in line with the...

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mPharma launches Data-driven insights platform to empower African pharmacies in decision making

mPharma, a pan-African healthcare technology company, has launched a new customer-centric product, Facility Insights, on its proprietary data management and pharmacy transformation tool, Bloom.

This product empowers Pharmacy owners with tailored data-driven pharmacy insights to solve operational problems and make more informed pharmacy management decisions. Facility Insights is now launched in 300+ pharmacies across Ghana, Nigeria, Zambia, Kenya, Malawi, and Rwanda, and is...

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EU commits $1.4 billion in climate financing to Nigeria

The European Union (EU), in collaboration with development finance institutions, has announced a $1.4 billion investment across a number of projects in Nigeria. With the aim of aiding Nigeria’s efforts in tackling climate change, the financing will support up to 60 projects across the agriculture, climate and digital fields.

“The funds will enable the country to achieve low carbon, resource efficient and climate resilient development, creating jobs for youth and economic growth,” according to EU ambassador to Nigeria and the Economic Community of...

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Meta’s AI machine translation research helps break language barriers in Africa

Meta announced that it has built and open-sourced ‘No Language Left Behind’ NLLB-200, a single AI model that is the first to translate across 200 different languages, including 55 African languages with state-of-the-art results.

Meta is using the modelling techniques and learnings from the project to improve and extend translations on Facebook, Instagram, and Wikipedia. In an effort to develop high-quality machine translation capabilities for most of the world’s low-resource languages, this single AI model was designed with...

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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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[Interview] Louis Ojong, Founder & CEO of King Software Technology – KISOTEC

Louis Ojong is the Founder and CEO of King Investment Group, a cameroonian who dedicated his life to change life of people through technology,education and financial services specifically loan access to small enterprises in Africa.

Could you tell us about your company?

King Investments Group is a company offering services in three subsidiairies; King Investment Finance - Micro Finance Institution ( Accounts, Loan Facilities and Money Transfers), King Software Technology – KISOTEC ( Build customized software application, builds websites and carry on ads on...

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Three ways traditional retail banks can keep up with modern financial service providers

For the longest time, traditional banks required their customers to conduct all their transactions in person. And while the rise of ATMs did provide consumers with an alternative way of transacting, people still had to go out of their way to find these machines whenever they needed them.

Nowadays consumers can enjoy easy access to online banking services instead of having to go to a physical branch or an ATM. As such, many modern customers actively look for financial institutions that allow them to transact primarily...

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[Column] Agnes Kalibata: The lessons learned from the last food crisis – A solution?

The food price crisis of 2007 to 2008, Covid-19, the Russian war against Ukraine, and climate change have exposed the fragility of food systems. The greatest risk lies in refusing to learn from lessons of the past.

At the start of 2022, we were already facing the prospect of a food crisis. Even before the first Russian tank rolled across Ukraine’s borders on 24 February, food prices had tipped record highs as the world struggled to recover from Covid-19 to repair disrupted supply chains and soaring fuel and gas...

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[Column] Moses Anibaba: Education for employment

Africa has the youngest population in the world, representing an enormous opportunity for the continent’s growth and the opportunity to become leaders as global citizens – provided these energetic, creative young people can achieve their true potential.

In a region where millions of people remain excluded from basic amenities such as education, social and creative entrepreneurs are leading the way for positive transformation. Social and creative enterprises offer a route to self...

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[Column] Cameron Beveridge: The new business balancing act has leaders walking a tightrope

Business leaders are engaged in a delicate balancing act as radical workforce changes, new customer demands, external pressures and the impact of the pandemic collide to create a multitude of new challenges and opportunities.

Corporate leaders are having to balance traditional business objectives such as revenue and profit with the demands of the modern economy that include building a healthy company culture, playing a positive role in society and being a good...

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[Column] Titilayo Adewumi: Rise to the challenge: Building intelligent enterprises in West Africa

The past few years have been a wake-up call to businesses to speed up their digital transformation efforts and more quickly adopt the technologies needed to deal with disruption.  Business leaders today are digitising with haste, seeking to enhance products and services, future-proof their businesses, drive innovation, and improve customer experiences.

While governments in West Africa strive to undo the damage wrought by the pandemic and implement policies to boost economic growth in the region, business leaders have their hands full dealing with widespread uncertainty and...

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[East Africa Business Week] Bob Koigi: Region bets on bioeconomy to bolster

The East African Community recently unveiled the Regional Bioeconomy Strategy 2021/22-2031. The strategy will offer an opportunity for Partners States to achieve their individual aspirations, making use of the region’s abundant natural resources, including underutilized agricultural waste materials, to produce value-added products with applications in many sectors including food, health, energy and industrial goods.

Among the key interventions proposed in the strategy is the creation of new forms of sustainable bioenergy, and the conversion of waste materials to useful products. The strategy further seeks to ensure the transformation of economies and...

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News Headlines

12-08-2022 | 16:34:26
EAC sets ground for bilateral economic and social cooperation with South Korea
The East African Community (EAC) has officially kick-started engagements with the Republic of Korea (ROK) on a grand economic and social cooperation between the EAC and South Korea.

12-08-2022 | 09:28:00
Participants in AfriCaribbean Trade and Investment Forum to benefit from Barbados visa waiver
African participants in the first-ever AfriCaribbean Trade and Investment Forum (ACTIF2022) taking place in Bridgetown, Barbados will benefit from a decision by the Government to waive visa requirements for passport holders from 24 African countries who would have needed visas to enter the country.

11-08-2022 | 13:51:00
Director Ebong to join Secretary Blinken in the Philippines and South Africa
U.S. Trade and Development Agency, Director Enoh T. Ebong joined U.S. Secretary of State Antony J. Blinken’s travel to the Philippines and South Africa later this week, highlighting USTDA’s work to advance the Philippines’ clean energy transition and Africa financial support.

11-08-2022 | 13:05:00
Le consortium Petrofac remporte un projet EPC en Algérie
Petrofac, à la tête d'un consortium avec Genie Civil et Batiment (GCB), a reçu la notification d'une attribution provisoire d'un contrat d'ingénierie, de fourniture et de construction avec Sonatrach pour le projet de développement EPC2 de Tinrhert en Algérie.

11-08-2022 | 10:30:00
German manufacturer Stihl Group selects Kenya as the Hub for East Africa
The subsidiary dubbed Stihl East Africa will be its Eastern Africa hub servicing countries that include Kenya, Uganda, Tanzania, DRC, Rwanda, and Burundi among others.

10-08-2022 | 16:19:41
GoGlobal expands operations in Africa with launch of Employer of Record services in South Africa
GoGlobal, the provider of global Employer of Record (EOR) services, announced the launch of operations in South Africa, to accelerate its commitment to support business investment in the region.

10-08-2022 | 15:38:00
SADC BC, Afreximbank launch SADC - Africa Trade and Investment Marketplace to promote regional trade
The African Export-Import Bank (Afreximbank) and the SADC Business Council (SADC BC) launched the SADC - Africa Trade and Investment Marketplace which aims to promote regional trade.

09-08-2022 | 17:09:00
Les tout premiers responsables nommés à la tête du Centre d’échange de contenus de l’UAR à Alger
C’est une équipe de journalistes et d’ingénieurs rompus à la tâche qui s’apprête à prendre les rênes du tout nouveau Centre d’échange de contenus de l’Uar , à Alger.

09-08-2022 | 10:31:00
L'ABR stimule la création de richesse et un changement durable dans l'économie privée Africaine
L'African Business Roundtable (ABR) a eu un impact retentissant au fil des ans et continue d'être la force motrice du changement et de la transformation à travers l'Afrique.

08-08-2022 | 09:55:00
La Plateforme Industrielle d’Adetilope première zone industrielle certifiée ISO au Togo
La Plateforme Industrielle d’Adetilope du Togo (PIA) gérée par ARISE IIP, première zone industrielle certifiée ISO au Togo

08-08-2022 | 09:30:00
ABR drives wealth creation, sustainable change in African private economy
The African Business Roundtable (ABR) has made resonating impacts over the years and continues to be the force driving change and transformation across Africa.

05-08-2022 | 10:40:54
KAM launches findings on implications of AfCFTA on Kenyan products
Kenyan manufacturers have tcalled on Government to address gaps that will hinder them from benefitting from the Africa Continental Free Trade Area (AfCFTA).

05-08-2022 | 10:07:00
New UN Women Representative officially assumes duty in Uganda
New UN Women Country Representative Paulina Chiwangu formally assumed duty Wednesday after presenting her credentials to Uganda's Minister of Foreign Affairs, Hon General Jeje Odongo.

05-08-2022 | 08:32:00
KFC Africa partners with Serge Ibaka to empower youth through basketball
KFC Africa, the most loved fast-food brand in 23 markets across the continent, is partnering with Serge Ibaka, of the Milwaukee Bucks, to enable and uplift the continent’s youth and communities, whilst growing grass-roots basketball.

04-08-2022 | 15:50:00
African Business Roundtable et Afreximbank concluent deuxième webinaire de la série sur la préparation des projets
L'African Business Roundtable (ABR) et la Banque africaine d'importation et d'exportation (Afreximbank) se sont réunies la semaine dernière dans le cadre d'un projet bien exécuté qui est une passion pour les deux organisations - faire aboutir des projets commerciaux.


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