Year 9 | Edition 33 | 2 September 2022
Tecnotree signs deal with MTN Nigeria for 5G digital transformation

Tecnotree, a Finnish global provider of digital transformation solutions for Communication Service Providers (CSPs) and Digital Service Providers (DSPs), has announced the signing of a multi-million-dollar deal with MTN Nigeria, for the deployment of its 5G ready digital BSS solutions.

The operator is aiming towards providing cutting-edge digital services and they have chosen Tecnotree’s cloud-native BSS Suite 5 to drive this transformation journey. The deal involves establishing Catalogue-driven Order fulfilment using...

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Apollo Hospitals and Eclipse Group Africa to set up diagnostic and cancer centre in Tanzania

Apollo Hospitals, one of Asia's foremost and trusted integrated private healthcare services providers, has entered Tanzania by signing an MoU with Eclipse Group, Africa to set up a cancer care centre in the Msasani area, Dar es Salaam, Tanzania.

With this partnership, Apollo will provide healthcare services with advanced cancer care treatments. The 60-bedded state-of-the-art cancer centre will offer comprehensive cancer care right from diagnosis to treatment. It will offer medical, surgical, and radiation treatment to cancer patients across...

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TradeMark East Africa appoints David Beer as CEO

David Beer has been appointed the new Chief Executive Officer (CEO) for TradeMark East Africa (TMEA), and succeeds Mr. Frank Matsaert, TMEA’s founding CEO. He will assume the position from 1st September 2022 and will be based in Nairobi, TMEA’s headquarters.

David Beer has recently completed his tour as High Commissioner for the United Kingdom (UK) in Malawi. The TMEA Board conducted a rigorous selection process to select a CEO with strong experience of the nexus of aid for trade...

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Flutterwave secures switching and processing license from Central Bank of Nigeria

Flutterwave, Africa's payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)—widely regarded as CBN's most valuable payments processing license.

This license allows Flutterwave to offer transaction switching and card processing services to customers. Others include non-bank acquiring, agency banking and payment gateway services.  The Switching and Processing license allows Flutterwave to enable transactions between banks, fintechs...

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NetApp and VMware strengthen global partnership to help customers modernize with multi-cloud

NetApp, a global, cloud-led, data-centric software company and VMware, Inc. have announced the expansion of the companies’ longstanding global alliance.

Through innovative solutions and go-to-market initiatives, NetApp and VMware are helping customers reduce the cost, complexity and risk of migrating and modernizing enterprise-class workloads in multi-cloud environments. In addition, organizations can accelerate the performance and delivery of both traditional and new modern applications, and simplify...

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MTN Group appoints Christian Bombrun as CEO of Digital Platforms

MTN Group has announced the appointment of Christian Bombrun as CEO: Digital Platforms, effective 1 September 2022.  Christian takes over from Minnie Harris, who has been acting in the role since April 2022.

Minnie, who has been double-hatting over the past four months will now focus solely on her responsibilities as Chief Financial Officer (CFO): Digital Platforms. In his role, Christian will be responsible for designing, implementing and maintaining the long-term growth and commercial strategy...

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Allison + Partners acquires African-tech-focused PR agency C. Moore Media

C. Moore Media International Public Relations (CMM), a boutique independent PR agency specializing in the U.S., UK and African markets, has joined Allison+Partners. Allison+Partners is a global marketing and communications agency operating in more than 50 markets around the world.

The addition of CMM augments Allison+Partners’ deep technology expertise, working for some of the world's leading tech companies, such as Qualcomm and Samsung, with pan-African media relations, reputation management, crisis...

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Nova Credit and Vesti partner to remove financial barriers for U.S.-bound Nigerians

Nova Credit, the world’s consumer-permissioned credit bureau, announced a partnership with Vesti, the finance app focused on alleviating barriers for Nigerians moving to the United States.

The partnership will allow Vesti to leverage Nova Credit’s Credit Passport® to help approve more Nigerian newcomers for the new Vesti Card, which will provide a stepping stone for users to start building a U.S. credit profile upon arrival. For more than half of recent U.S. immigrants, a top priority...

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Kunle Awosika appointed to lead Microsoft’s Africa Transformation Office

Microsoft has appointed Kunle Awosika to the position of Managing Director for the Africa Transformation Office (ATO). Kunle takes over from Wael Elkabbany, who is taking up a new role as Microsoft’s Africa Regional Cluster.

Kunle was one of the three pioneer team members when Microsoft opened its Nigeria office and has played various roles in the company, including Director of Enterprise Business, Country Manager: Microsoft Kenya and Director: Small and Medium Corporates, Emerging Markets. In these roles...

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EAC Partner States reaffirm commitment to implement African Union Land Declaration

East African Community Partner States have reaffirmed their commitment to implement the African Union (AU) Declaration on Land. 

The 1st Meeting of the EAC Regional Platform for Sharing Lessons and Best Practices in Land Policy Development that was held in Kampala, Uganda called on the EAC Secretariat in collaboration with the African Land Policy Centre (ALPC) to convene periodic meetings of the platform. The meeting noted that such periodic forums would facilitate the sharing of... 

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Italy’s CDP agrees debut €100 million loan for Africa Finance Corporation to support transition in Africa

The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut €100 million loan for Africa Finance Corporation (AFC), the infrastructure solutions provider on the African continent, to facilitate investments in renewable power, energy efficient projects and climate-resilient infrastructure.

CDP, with assets totalling over 400 billion euros, is providing the bilateral loan to support AFC projects that are urgently needed to transform African infrastructure to help combat and adapt to global warming, as well as catalyse industrialisation...

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Caroline Mulwa appointed as OikoCredit Regional Director for Africa

Caroline Mulwa has over 20 years’ experience in the financial sector in both commercial banking and values-based banking. Earlier in her career, Caroline worked in commercial banking at ABSA before joining Oikocredit in 2007 as Project Manager.

She was appointed as Country Manager in 2009 where she was responsible for implementing Oikocredit’s strategy in Kenya and developed the credit portfolio in financial inclusion and agriculture sectors. In 2018, Caroline was appointed as Investments Manager East Africa and was responsible for...

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Japan and the African Development Bank announce up to $5 billion in support for Africa’s private sector

The government of Japan and the African Development Bank have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative (EPSA) from 2023 to 2025.

The announcement was made at the Eighth Tokyo International Conference on African Development (TICAD8) held Sunday 28 August 2022 in the Tunisian capital, Tunis. The funds consist of $4 billion under the existing window, and an additional up to $1 billion that will be provided under a new...

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Moove partners with MUFG and Suzuki to promote financial inclusion for mobility gig workers across Africa

Moove, the world's first mobility fintech, has announced the signing of a Memorandum of Understanding [MoU] with MUFG, one of the world's leading financial groups and Suzuki, one of the world's leading suppliers of vehicles to mobility businesses.

Through this MoU, Moove, which provides revenue-based financing to mobility entrepreneurs, aims to advance financial inclusion and job creation as well as upskilling opportunities in the sector. Signed at the eighth Tokyo International...

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[South Africa] SYSPRO appoints Jaco Maritz as new CEO

SYSPRO, a global provider of industry-built enterprise resource planning (ERP) software, announced Jaco Maritz has been named global CEO, while Co-founder Phil Duff will be stepping into the role of Executive Chairman.

Supported by a strong executive team, Maritz will drive the business strategy and vision while overseeing the daily operations of the company. SYSPRO will remain a privately-owned business. Duff confirmed that Maritz’s appointment is a result of a transition plan that was implemented when he...

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The African Business Roundtable welcomes new members to its organization

Individuals and businesses join the African Business Roundtable for numerous reasons, and the organization’s objectives have been carefully designed to serve them. Today the ABR represents companies of all sizes, and its members include businesses across every sector of the economy, chambers, business associations, and private sector organizations.

The African Business Roundtable’s key activities include trade and investment missions, economic summits, research, business information and communication, policy commission, advocacy functions, general meetings, trainings and...

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[Interview] Goodie M. Ibru, Founder, Ikeja Hotel, Nigeria

Goodie M. Ibru is the founder of Ikeja Hotel Plc. With over fifty years in business ownership and management, Goodie M. Ibru is a leading player in the Nigerian Capital Market and is a former President of the Nigerian Stock Exchange as well as of Lagos Chamber of Commerce.

He also made remarkable contributions to Tourism development in Nigeria; he was the Pioneer President of the Federation of Tourism Association of Nigeria. He represented Nigeria on the United Nations Committee on International...

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[Interview] N. Justin Chinyanta, Chairman and CEO, Loita Group

A Zambian national residing in Johannesburg, South Africa, N. Justin Chinyanta is the founder, Chairman and Chief Executive Officer of Loita Holdings Corporation. 

Mr. Chinyanta is a specialist and an expert in the financial markets of Sub-Sahara Africa, with over twenty years of professional experience in commercial and investment banking in the region complemented by an extensive network of senior level African private business, donor and government contacts. He has played a leading role in developing African...

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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] Ali Karim Alio: How public private technology partnerships can boost trade and help realize Africa’s economic potential

As the digital transformation continues to stride across Africa, it is clearing the way and opening vast swathes of potential for its nations, businesses, and citizens.

The continent stands on the cusp of a tech explosion with several nations having achieved sustained growth in internet-driven GDP (iGDP)2 – in many cases doubling from 1.5% to more than 3% since 2012. Some experts put the economic growth in Africa at US$180 billion, and if trends continue it could rise to US$712 billion by 2025. The flow of trade into...

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[Column] Richard Muthua: Kenya and Africa are ready to join the future of Cloud

It is sometimes too easy for the world to wrongfully assume that Africa lags too far behind the global cloud innovation revolution happening. That is a fundamentally flawed outlook. 

As of 2021, our continent accounted only for USD 1.2 billion of the global public cloud market, it has more than doubled in the past three years and continues to grow exponentially year on year. Soon, Africa will be among the world’s leading cloud innovators, and countries like Kenya will be at the forefront. It has been inspiring to witness first-hand the continued...

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[East Africa Business Week] Bob Koigi: Region’s startups are on an expansion binge

East African startups have been on an expansion drive, raising funding as they seek to tap into emerging opportunities in the region and across Africa while growing their portfolio.

Wasoko (formerly Sokowatch), an Kenyan-based B2B e-commerce startup recently announced the official launch of the “Wasoko Innovation Hub” in partnership with the Zanzibar government. Located in Fumba Town, Zanzibar, the new Hub will focus on building world-class tech solutions that will drive Africa’s e-commerce industry for years to come, becoming...

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News Headlines

30-09-2022 | 08:30:00
Binance boosts its global law enforcement training programme to meet growing demand
The programme—the industry’s first coordinated effort across the globe—was created by Binance to help law enforcement and prosecutors detect financial and cybercrimes and to assist in the prosecution of bad actors.

29-09-2022 | 13:49:05
[Kenya] UN Economic Commission for Africa inaugurates LAPPSET Business Council
The UN Economic Commission for Africa (ECA) recently spearheaded the establishment of the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) Business Council to facilitate the participation of the private sector in the implementation of the corridor programme.

29-09-2022 | 09:38:01
MEA electric bus market to reach $1 billion by 2028, report
Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles.

28-09-2022 | 13:46:00
American convenience store Circle K expands to South Africa
Alimentation Couche-Tard (Couche-Tard) a global player in convenience and mobility, and Millat Convenience (Millat), a subsidiary of the Millat Group, announced a Master License Agreement that will bring Circle K to South Africa.

28-09-2022 | 12:33:00
Accords autour de la phase 2 du complexe industrialo-portuaire de Kribi
Le Port Autonome de Kribi (PAK) et Kribi Conteneurs Terminal (KCT) ont procédé à la signature d’un avenant à la convention de concession du terminal à conteneurs du Port en eaux profondes de Kribi.

28-09-2022 | 12:22:00
Bolloré Transport & Logistics Côte d'Ivoire acquiert la simulateur dédié à la formation des métiers portuaires
Bolloré Transport & Logistics Côte d’Ivoire annonce avoir fait l’acquisition de son tout premier simulateur de conduite qui sera mis à la disposition de son centre de formation portuaire panafricain (CFPP) situé à Abidjan.

28-09-2022 | 11:57:00
FIFA partners with World Trade Organization to further economic inclusion
FIFA has joined forces with the World Trade Organization (WTO) to look at ways of using football to promote economic inclusion, particularly in the developing world.

28-09-2022 | 11:27:00
African Youth Adaptation Solutions (YouthADAPT) Challenge 2022
The Global Center on Adaptation, African Development Bank, and Climate Investment Funds has launched a call for applications for the second edition of the African Youth Adaptation Solutions (YouthADAPT) Challenge.

26-09-2022 | 14:24:00
Les véhicules électriques débarquent dans le transport en commun au Cameroun
Baptisés « Greenrides », ces véhicules disposant d’une batterie rechargeable sur une borne alimentée à l’énergie solaire, et jouissant d’une autonomie de 250 km une fois chargés à 100%, font essentiellement des courses, dont le prix est identique à celui de la course à bord de véhicules ordinaires, apprend-on.

26-09-2022 | 09:54:50
ClimeCo partners with Enaleia to establish a Verra plastic collection project in Kenya
ClimeCo, a pioneer in the management and development of environmental commodities, has partnered with Enaleia to remove plastic pollution from vital fishing areas in Kenya.

26-09-2022 | 09:41:00
What are the benefits of body heating therapy?
Heating therapy is generally safe when used as directed.

23-09-2022 | 12:47:40
[South Africa] DHL Global Forwarding invests €7 million in new transhipment hub
DHL Global Forwarding, the international air, ocean, and road freight services provider, has inaugurated a new transhipment hub and head office in Johannesburg, South Africa.

21-09-2022 | 12:33:03
Turkish firm to build three luxury hotels in Rwanda
Prime Minister Edouard Ngirente receives Ferit Şahenk, the chairman of Doğuş Group, who is currently in the country to look for potential areas of investment, in Kigali, Şahenk announced that Rwanda will be their headquarters with plans to grow further to other African countries in the future.

21-09-2022 | 09:31:39
Sitarail réceptionne nouvelle bourreuse pour la maintenance de la voie ferrée entre Côte d’Ivoire et Burkina Faso
SITARAIL a réceptionné au port d’Abidjan une nouvelle bourreuse – niveleuse – dresseuse d’une valeur de 2 milliards de FCFA (plus de 3 millions d’euros), destinée à l’entretien et à la maintenance du chemin de fer entre la Côte d’Ivoire et le Burkina Faso.

20-09-2022 | 12:29:00
Mastercard announces deal with Kenya Tourism Board to help boost tourism
The aim of the MoU is to drive growth of tourism numbers into Kenya by leveraging various Mastercard channels, including its platform.


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