tagresults
Zambia develops and validates blue economy strategy
The strategy will guide the nation in advancing knowledge on biotechnology, environmental sustainability and ecosystem services.
Nakonde Border Post upgrade boosts trade between Zambia and Tanzania
Funded by the UK government, the ZMK 197 million (£7.1 million) project will improve the flow of goods and people along the Dar es Salaam Corridor, promising to streamline operations and reduce cargo clearance times by more than 100% on both sides of the border.
Zambia validates blue economy strategy
The strategy will guide the nation in advancing knowledge on biotechnology, environmental sustainability and ecosystem services.
GE Vernova commits to support sustainable energy transition in Nigeria
Nigeria, one of Africa's economic powerhouses, faces a dynamic energy landscape characterized by a growing population, industrialization, and a rising demand for electricity.
DFC reaffirms commitment to scaling investment in African infrastructure and critical minerals
Deputy Chief Executive Officer (DCEO) Nisha Biswal traveled to South Africa and Zambia as part of the largest U.S. government delegation to Mining Indaba and the first Lobito Corridor Investors Forum and to deepen DFC’s investments on the continent.
UK and Egypt sign sustainable cities and infrastructure pact
The new partnership between the UK and the Government of Egypt will boost cooperation in the development of sustainable cities and infrastructure in Egypt by establishing a joint working group that will meet twice a year in London and Cairo.
Toyota to open a vehicle manufacturing plant in Kenya
The agreement will see Toyota set up a vehicle manufacturing plant in the country. The company has committed an initial investment of Kshs 800 million in the Kenya Thika vehicle manufacturers.
COMESA and the Indian Ocean Commission renew cooperation
The Common Market for Eastern and Southern Africa (COMESA) Secretariat and the Indian Ocean Commission (IOC) have reaffirmed their commitment to continued collaboration as they both implement regional integration programmes.
Aramco expands global venture capital programme with $4 billion funds injection
It will take Aramco's overall venture capital allocation to $7.5bn, which also includes the $500 million venture capital fund Wa'ed Ventures that focuses on the start-up ecosystem in the Kingdom of Saudi Arabia.
Ukraine opens embassy in Ghana; Rwanda, Mozambique, Botswana to follow
Ukraine has opened a diplomatic mission in Accra, the capital of Ghana, and plans to open embassies in Rwanda, Mozambique, and Botswana, the Foreign Ministry announced on Dec. 27.
Kenya and the European Union sign economic partnership agreement to bolster trade
The EU and Kenya have signed an Economic Partnership Agreement (EPA) to boost bilateral trade in goods, increase investment flows, and contribute to sustainable economic growth.
Philippines, Rwanda sign agreement to bolster bilateral cooperation
Under the MOU, the Philippines and Rwanda will collaborate in the fields of human resources development, scientific and technological exchanges, education, health, agriculture, gender, youth, environmental issues, and security.
Arab Coordination Group allocates $10 billion to support energy transition
This funding is meant to drive a comprehensive and affordable transition to renewable energy in developing countries.
Radisson Hotel Group partners with Edo State Government to expand its portfolio in Nigeria
The hotel’s array of Scandinavian inspired accommodation will range from contemporary standard rooms to expansive executive suites, including a presidential suite.
[Column] Hassan Egeh: What does it mean for Somalia to join East Africa Communities (EAC)?
Somalia was admitted into the East African Community (EAC) on Friday Novermber24, 2023 the eighth member of the bloc as it seeks to expand free trade across the region.
Somalia joins East African Community
It joins Kenya, Burundi, the Democratic Republic of the Congo, Rwanda, South Sudan, Uganda and Tanzania in the bloc.
Arab Coordination Group pledges $50 billion for African development
The Arab Coordination Group (ACG) has announced that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies in the African continent.
[Column] Bill Blackie: Exploring synergies between AGOA and AfCFTA: The case for African exports
Africa is often characterised as a continent poised for economic growth and development. Often, prosperity and development in Africa can be linked back to exports and the benefits that they generate.
Antwerp and Botswana to gather diamond industry in Gaborone for FACETS 2023
The two-day Conference was officially opened by the President of the Republic of Botswana, His Excellency Dr. Mokgweetsi Keabetswe Masisi.
[South Africa] Western Cape launches Export Certificate Office System
The Western Cape Department of Agriculture’s Veterinary Services recently launched its innovative Export Certificate Office System (ECOS)
Africa calls for global action to combat climate change
African leaders challenged the global community to honor its commitments citing the Paris Summit for a New Global Financing Pact.
Africa Climate Summit 2023 concluded with Nairobi Declaration
At the closing of Africa Climate Summit 2023, African leaders announced $23 billion Nairobi declaration target for green growth in Africa.
IFC invests $11.5 billion for Africa’s green transition and job creation
IFC made $11.5 billion in investments between July 1, 2022, and June 30, 2023, across 40 countries, the largest ever annual commitment for the continent.
ACWA Power signs deal with NREA for 10 gigawatts wind project in Egypt
ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a player in energy transition, has signed a memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA) to allocate land for a 10 GW wind project in Egypt.
[Column] Rajan Shah: Strengthening local value chains key to Kenya’s transformation
The government, through the Bottom-up Economic Transformation Agenda (BETA), has committed to drive economic and inclusive growth through agricultural value chain approach.
[Column] Rajan Shah: Rethinking Kenya’s export strategy key for economic prosperity
Historically, the transformative growth of industrialized nations has been propelled by exports.
[Chronique]Frida Frans: L'impact des coups d'État sur les accords de commerce et la stabilité économique en Afrique de l'Ouest
La récente série de coups d'État en Afrique de l'Ouest a entraîné des bouleversements politiques dans la région. Ces coups d'État survenus au Mali, en Guinée, au Burkina Faso et au Niger se caractérisent par des changements soudains et souvent violents à la tête du pays.
[Column] Chika Idoko: Bridging the divide: Confronting Socioeconomic inequality In Sub-Saharan Africa
As leaders who support mainstreaming equality, diversity, and inclusion, we aim to ensure that every individual, regardless of their background, enjoys the same rights, opportunities, and dignity.
[Column] Frida Frans: The impact of Coup d’état on trade agreements and economic stability in West Africa
The recent series of coup d'état incidents in West Africa has resulted in significant political upheaval across the region. These prominent coups occurrences in Mali, Guinea, Burkina Faso, Niger are characterized by sudden and often forceful changes in leadership.
COMESA receives $2 million from Saudi Arabian government for construction of its new headquarters
Amb. Alkahtani, said the motivation to support the construction of the COMESA headquarters stems from the strong relations that exist between the Kingdom and the COMESA bloc based on mutual respect and joint action.
[Column] NJ Ayuk: Nigeria must fully implement the petroleum industry Act
Nearly two years from its passage into law, implementation of the PIA and its initiatives has been slow for numerous reasons, but not without progress, and signals from Nigeria’s new administration indicate that these conditions will not remain the status quo.
Eliminate non-tariff barriers to boost intra-African food trade, EAC urges
AU Member States were further urged to invest in irrigation agriculture by moving away from the reliance on rain-fed agriculture. African countries were called upon to adopt policies that motivate the youth to take part in agriculture to ensure increased production and reduce food insecurity.
[Column] Wayne Glossop: Gas power solutions for South Africa
While to date our society has been heavily reliant on coal, it's not able to keep pace with the energy and environmental aspirations of the nation currently.
Ethiopia applies to join the BRICS bloc of emerging economies
Ethiopia, one of Africa’s fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said on Thursday.
[Uganda] New law increases share capital for foreign exchange business
Investors in the foreign exchange business will now be required to have a minimum paid up share capital of Shs200 million to carry out the business of dealing in money transfers.
Volkswagen signs deal with Government of Rwanda to establish a modern farm with electric tractors
As part of the MoU, the Government of Rwanda has agreed to provide land in Gashora (Bugesera District) for the project, as well as to assist with permitting and licensing requirements of the project.
UK and Ghana launch new investor group to scout for top investment opportunities
The UK and Ghana have launched a new investor group to help identify mutually beneficial investment opportunities for both countries in a boost to the existing economic partnership.
Ghana’s tax on sugar-sweetened beverages a win for health sector, experts
Actioned by the Ghanaian Government as part of measures to reduce impacts of SSBs on public health, the country is now one of hundreds that have implemented World Health Organization-recommended interventions to prevent non-communicable diseases (NCDs).
Africa to become the second-fastest growing region after Asia AfDB report
But the projected growth will depend on global conditions and the continent’s ability to bolster its economic resilience, the African Development Bank’s 2023 African Economic Outlook report has found.
France commits to fostering economic, investment ties with Nigeria
In a bid to promote trade between France and Nigeria, the French Government has said it will continue fostering economic and investment ties with Nigeria.
The East African Competition Authority and the Competition Authority of Kenya sign bilateral agreement
The MoU lays out modalities through which the agencies will mitigate competition infringements with cross-border effects, as well as foster transparency and predictability with regard to multijurisdictional merger notifications in order to reduce transaction costs for businesses.
EABC underscores the role of business associations in the implementation of the AFCFTA
The East African Business Council (EABC) emphasizes the vital role of business associations in the successful implementation of the African Continental Free Trade Area (AfCFTA).
[Column] Pankaj Bedi: High production costs hurting Kenya’s apparel exports
A Cabinet communique dated 6th December 2022 highlighted government’s plan to drive Kenya’s export-led growth.
[Column] NJ Ayuk: The outlook for African oil in 2023 is promising
Several years ago, the African energy industry was in survival mode. The COVID-19 pandemic had practically eliminated demand for crude oil, and African exports dropped sharply.
Ghana, Austria sign key strategic partnership agreements
The President of the Republic, Nana Addo Dankwa Akufo-Addo, and the Chancellor of the Federal Republic of Austria, Karl Nehammer have agreed on key areas of cooperation primary on strengthening existing bilateral ties between the two countries.
Naspers, Takealot and Media24 join the South African Plastics Pact to reduce plastic waste across value chain
Naspers, and its subsidiary businesses, Takealot and Media24, have joined the South African Plastics Pact by creating a circular economy for plastics.
Ethiopia moves towards liberalization of trade in services
Trade in Services plays a key role in the economic growth and development of a country. Services directly support production but also value chains and create jobs and other economic and non-economic opportunities.
Technical review of NIST’s inclusive language
NIST stands for National Institute of Standards and Technology. It is an organization within the United States Government.
Kenya and Rwanda sign agreement on 10 areas of cooperation
Kenya and Rwanda Tuesday signed an agreement in 10 areas of cooperation to enhance relations. The Memorandum of Understanding will establish mechanisms for effective cooperation in Education, ICT, Gender and Child Development, Youth and Capacity Development for the Public Service.
[Africa Business Communities Forum] How are the 2023 elections affecting businesses in Nigeria?
With the end of the first quarter here, Africa Business Communities talks with business owners and CEOs in Nigeria on the effect this year's elections is having on the economy at large.
[Column] NJ Ayuk: Time to break the deadlock on TotalEnergies’ offshore gas deal
There’s another complication at hand, in that South Africa’s government has pledged to reduce the power sector’s carbon emissions intensity.
Germany to support Kenyan businesses access European markets
Germany will support Kenya in its attempt to better penetrate the European Union market.
Visit Rwanda signed a new deal
The Rwanda Development Board (RDB), through the Visit Rwanda campaign signed a Memorandum of Understanding with the Veteran Clubs World Championship where Rwanda will host the next three editions of the football tournament.
Volvo delivers the first heavy electric truck to Africa
Deployment of heavy electric trucks is now spreading across the world. With Europe and the US among the leaders, the shift to more sustainable transport is kicking off also in other parts of the world. In Africa, the first heavy electric truck is now being delivered in the city of Rabat in Morocco.
Ghana and Maldives sign two agreements to enhance bilateral cooperation
The Government of Maldives and the Government of Ghana have signed two key Agreements today that will further deepen the bilateral relationship between the two countries.
[Nigeria Business Week] Andrea Ayemoba: Investors bet on fintechs, startups
The past couple of weeks have seen a flurry of activities in several sectors of the Nigerian economy. Startups are receiving increasing financial backing from VCs for the growith of SMEs.
[ChatGPT Biography] Mo Ibrahim, Founder of Celtel International
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write.
[Column] Anthony Mwangi: Why Kenya needs a stable and predictable tax regime
The importance of predictable and stable policies in driving the realization of a country’s socio-economic goals cannot be over emphasized.
[Column] Sithembile Ntombela: South Africa economy could benefit from BRICS enlargement
One of the least known information about the BRICS countries is that the chairmanship of the group is rotated annually amongst its members in accordance with the acronym of B-R-I-C-S.
[Column] Rajan Shah: Proposed EGMS Tax hike threatens Kenya’s economic growth
The Kenya Revenue Authority (KRA) has proposed an increment of excise duty which as Kenya Association of Manufacturers (KAM) are deeply concerned about.
[Nigeria Business Week] Andrea Ayemoba: Digitization on all fronts, tech takes the lead
There is an obvious, increasing amount of technology awareness, and appeals for more extensive technology trainings in Nigeria.
[East Africa Business Week] Bob Koigi: What the entry of Somalia to the EAC means for region
This week, The East African Community (EAC) officially launched the verification mission to assess the Federal Republic of Somalia’s readiness to join the Community.
[East Africa Business Week] Bob Koigi: Improving business competitiveness in the region: The case of TradeMark Africa
As it rebrands to TradeMark Africa, TMA, in its bid to grow its continental footprint, aid for trade institution formerly known as TradeMark East, boasts of having made a lasting mark in East Africa where it has operated for over ten years.
EIB Climate Survey in Kenya
97% of Kenyan respondents say climate change is already affecting their everyday life.
AfCFTA, an opportunity for Africa’s youth to accelerate trade and industrialization
Through its Youth Protocol, the AfCFTA recognises that young people can play a critical role in the achievement of the free trade zone by initiating youth-led initiatives in agriculture, financial technology, IT and in the creative industry.
Enquête de la BEI sur le climat en Côte d’Ivoire
91 % de la population ivoirienne interrogée estiment que les changements climatiques ont déjà des répercussions sur leur quotidien.
[Column] Givemore T. Chiwanza: How has the Russia-Ukraine crisis affected Africa?
This Ukraine crisis escalated on 24 February 2022 and has tremendously impacted the global socio-economic terrain. The situation has and will continue to affect the African continent's financial system and food and energy security.
[East Africa Business Week] Bob Koigi: Enhancing regional digital integration
As East Africa seeks to become a more deeply integrated and dynamic digital investment, innovation, and growth hub, it is exploring initiatives and partners to help it drive that agenda as it seeks to boost its competitiveness as an investment hub.
[Nigeria Business Week] Andrea Ayemoba: Investments take priority over all
With global inflation spiraling out of control, every country is working harder than ever to welcome new enterprise and business. Nigeria made great progress in this in recent months.
[Column] Anthony Mwangi: Let’s tackle illicit trade head on
The recent crackdown on various forms of illicit goods revealed the extent to which criminal networks have proliferated in our nation and posed a threat to the lives and safety of all citizens.
[East Africa Business Week] Growing the region’s investment portfolio
In the last week, a series of investments across East Africa have been unveiled by corporates, banks, multinationals and development partners as the region continues to position itself as an investment hub in the continent.
[Column] Patrick Utomi: For AfCFTA to deliver on its promise, we must address concerns of entrepreneurs
We must recognise the preponderance of micro-small and medium sized enterprise in the continent’s commercial landscape.
[East Africa Business Week] Bob Koigi: Accelerating sustainable and clean transport solutions
A bulk of East African countries’ electricity comes from renewables. Yet the region’s transport sector relies entirely on imported petroleum fuels.
[Nigeria Business Week] Andrea Ayemoba: Local fintech spreads to East Africa, oil and gas find major milestone
Nigeria, like other countries of the world, is going through some economically turbulent times. Inflation is on the rise (recently pegged at 21.9%) and local startups are directly impacted by financial crises on the other side of the world.
More charges,taxes and fees in the air transport industry in Africa a big challenge to AfCFTA
Overcharges, taxation, and accumulation of fees in African air transportation can be a hindrance in achieving and success of African Continental Free Trade Area
[Column] NJ Ayuk: How Africa can capitalize on its mineral wealth to develop an electric vehicle value chain
As the entire global transportation marketplace marches toward an increasingly electrified and battery-powered future, many countries across the African continent stand at the threshold of profound economic opportunity.
[Column] Anthony Mwangi: How Kenyan manufacturing sector can contribute 20 per cent to the GDP by 2030
Competitiveness is our ability to sustainably produce goods and services for which there is a market – at a price and quality that the market is willing to pay for.
[Column] Goodie M. Ibru: What the AfCFTA brings to the table in Africa
The trade and investment layout of the African Continent is a story of both promise and missed opportunities. With a population of over 1.2 billion, Africa promises a huge and promising market.
[East Africa Business Week] Bob Koigi: Deepening diaspora remittances, driving regional investment
In a first of its kind move, The East African Community (EAC) has announced setting up a Diaspora desk that will focus on facilitating East Africans living in the diaspora to invest and trade in the region.
[East Africa Business Week] Bob Koigi: Partnerships bolster cross-border remittances and trade
This will also accelerate financial inclusion and remove the barriers around cross-border money transfers.
[Column] Anthony Mwangi: Why Kenya’s inflation adjustment should not be implemented
The Plan demonstrates the government’s deep understanding and commitment to developing sustainable solutions for all. KAM remains committed to working closely with Government to transform the economy.
[East Africa Business Week] Bob Koigi: Investing in women-led businesses
Small and medium-sized enterprises (SMEs) account for an estimated 90% of all businesses in Africa and women own about a third of all registered African SMEs.
Forum de l'African Business Roundtable: Que peuvent faire les gouvernements Africains pour renforcer le secteur privé du continent?
African Business Rountable (ABR), créé par le Groupe de la Banque Africaine de Développement en 1990, est la principale association d'entreprises et de chefs d'entreprise d'Afrique et représente la Société Africaine des Affaires auprès des Nations Unies.
[East Africa Business Week] Bob Koigi: Banking on innovations, partnerships to grow financial services sector
These developments have led to improved services and a robust sector that is shaping the region’s financial services industry dynamics.
African Business Roundtable, Afreximbank organize free webinar masterclass, September 28
In continuation of the series of webinars that has been ongoing throughout the year, the African Business Roundtable and the African Import Export Bank (Afreximbank) are set to hold yet another webinar on capacity building and investor preparation.
L'African Business Roundtable et Afreximbank organisent un séminaire en ligne gratuit le 28 septembre
Dans la continuité de la série de webinaires qui s'est déroulée tout au long de l'année, l'African Business Roundtable et la Banque Africaine d'Import-Export (Afreximbank) vont organiser un autre webinaire sur le renforcement des capacités et la préparation des investisseurs.
African Business Roundtable Forum: What can African governments do to elevate the continent’s private sector?
The African Business Rountable (ABR), set up by the African Development Bank Group in 1990, is Africa’s foremost and continent-wide association of businesses and business leaders, and is the representative of the African Business Society to the United Nations.
[Column] Rajan Shah: Transforming Kenya through a competitive manufacturing base
Since the beginning of the year, the business community witnessed a hesitation by many investors before embarking on new projects or expanding on existing ones. The decision-making process by the government also stagnated as the nation awaited the election of new leaders.
[Column] Percy Letwaba: State’s developmental role puts procurement at center of economy
With the Presidency announcing a raft of measures aimed at attracting foreign direct investment, unlocking local investment, improving capacity-building, and creating new jobs, work is underway to repair some of the damage caused by COVID-19 and to rebuild the economy.
[Column] Margaret Soi: How AfCFTA promises to improve labour mobility and spur wealth creation in Africa
The African Continental Free Trade Area (AfCFTA) was signed on 21st March 2018 in Kigali, Rwanda, by 44 out of the 55 African countries, and brokered by the African Union (AU).
[East Africa Business Week] Bob Koigi: Cushioning food systems from shocks
This week, thousands of delegates across the continent and beyond are gathered in Kigali, Rwanda for the African Green Revolution Forum, AGRF, an annual event bringing governments and partners together around food security and making safe, nutritious foods produced in a sustainable way available to all Africans.
[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.
[Interview] Dr. Mohamed El Sahili, CEO, Medland Hospital, Zambia
Dr. Mohamed El Sahili is the Chief Executive Officer of Medland Hospital, Zambia. As a medical doctor and entrepreneur, Dr. Sahili also serves on the board of key economic international organizations like the African Business Roundtable, the American Chamber of Commerce, Zambia, Olympic Youth Development Center and the Africa CEO Forum.
[Interview] Dr. Mohamed El Sahili, PDG, Hôpital Medland, Zambie
Le Dr Mohamed El Sahili est le directeur général de l'hôpital Medland, en Zambie. En tant que médecin et entrepreneur, le Dr Sahili siège également au conseil d'administration d'organisations économiques internationales clés, telles que l'African Business Roundtable et l'American Chamber of Commerce.
[Interview] Goodie M. Ibru, Founder, Ikeja Hotel, Nigeria
With over half a century in business ownership and management, Goodie M. Ibru is the founder of Ikeja Hotel Plc, the founder and Principal Partner of G.M. Ibru & Co. and current Vice President (West Africa) of the African Business Roundtable.
[Interview] Goodie M. Ibru, Fondateur, Ikeja Hotel, Nigeria
Avec plus d'un demi-siècle d'expérience dans la propriété et la gestion d'entreprises, Goodie M. Ibru est le fondateur de l'Ikeja Hotel Plc, le fondateur et partenaire principal de G.M. Ibru & Co. et l'actuel Vice-Président (Afrique de l'Ouest) de l'African Business Roundtable.
[Interview] N. Justin Chinyanta, Directeur Général et PDG, Loita Group
De nationalité zambienne et résidant à Johannesburg, en Afrique du Sud, N. Justin Chinyanta est le fondateur, le président et le directeur général de Loita Holdings Corporation, ainsi que le vice-président exécutif du chapitre d'Afrique australe de l'Africa Business Roundtable (ABR).
[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 as well as the Executive Vice` President for the Southern Africa Chapter of the Africa Business Roundtable (ABR).
[Interview] Dr. Mima Nedelcovych, Chairman, AfricaGlobal Schaffer
Dr. Mima Nedelcovych is the Founder and Chairman of AfricaGlobal Schaffer, a strategic consulting firm focused on project development, project finance, trade facilitation, and public-private partnerships in developing countries, with a particular focus on Africa.
[Interview] Dr. Mima Nedelcovych, Président, AfricaGlobal Schaffer
Mima Nedelcovych est fondateur et président d'AfricaGlobal Schaffer, une société de conseil stratégique spécialisée dans le développement de projets, le financement de projets, la facilitation du commerce et les partenariats public-privé dans les pays en développement, et plus particulièrement en Afrique.
Share this article
COLUMNS.
[Column] Louis Avenant: Trends for African telcos in 2024
Africa’s vibrant telco sector is set for a bumper year in 2024 as it expands operations and broadens service offerings ...read full column here
.png)
[Column] Virodh Sunderlall: What to expect from South Africa’s cybersecurity landscape in 2024
As widely reported last year, South Africa received the most cybersecurity threats on the continent by far ...read full column here
[Column] Stephen Bottger: The power of data analytics to revolutionise public safety
The use of applications, technology and data analytics can play a significant role in public safety globally ...read full column here
INTERVIEWS.
[Interview] Chester Wisniewski, Director of Global Field CTO, Sophos
Chester Wisniewski, the Director of Global Field CTO at Sophos, emphasizes several key trends and predictions for the cybersecurity realm in the coming year … read full interview here
[Interview]: Daniel Otu, Koa’s Production and Operations Director & the factory project lead
Daniel Otu, Koa’s Production and Operations Director & the factory project lead, touched on the challenges faced, the importance of sustainability, the role of local culture, and the lessons that shaped Koa’s future vision … read full interview here
[Interview] Oluwole Eweje, CEO-WATT Renewables Corporation
We provide sustainability for communities, especially communities that have very few businesses … read full interview here