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[Free Webinar] E-commerce Evolution: The Future of Finance with Digital Payments in Africa
Master the skill of leveraging digital payment solutions to enhance transaction efficiency, cater to diverse payment preferences, and manage risks associated with foreign exchange and transaction security.
L'Oréal is the world’s most valuable cosmetics brand, report
The iconic French brand continues to outshine its competitors, boasting a brand value approximately 80% higher than its closest rival.
Corporate communications agency LCH Consultancy appoints Evelyne Wangui as Director of media relations
As Director of Content and Media Relations, she will be pivotal in strengthening strategic services across the African region.
Pan-African legal firm Centurion Law Group rebrands as CLG
The rebrand aligns closely with the firm’s mission to consolidate its position as the leading legal practice and business advisor in an ever-evolving energy environment.
MENA region leads global growth in luxury travel, report
The appetite for new experiences in unexplored destinations, micro-trips and ‘bleisure’ will likely drive the growth of the global luxury travel market
African Union and Google Africa launch campaign to celebrate the creative economy
In celebration of Africa Month,YouTube creators across Africa are invited to share short videos capturing their unique perspectives using the #DiscoverMyAfrica hashtag.
EIB’s Water Sector Fund invests €10 million to support innovative businesses in Africa and Asia
W2AF is a “water-focused” blended finance impact fund targeting sustainable and scalable solutions that improve access to safe, affordable drinking water for underserved populations, mainly in Sub-Saharan Africa and South and Southeast Asia.
[Zoom Event, April 11 2024] Global Strategies for Success in Africa: Overcoming FX and Payment Hurdles
This event explores the vast potential and unique challenges of expanding businesses in Africa, focusing on mastering international pitches, understanding cultural nuances, and crafting pitches that highlight unique value propositions.
Mastercard and Women Choice expand partnership to invest in women entrepreneurs
Women Choice - an international organization dedicated to advancing women's personal and professional development - launched the pilot cohort in 2023.The next cohorts will be participating in the new programs this year and will aim to impact 50,000 women.
Unilever accelerates Growth Action Plan by launching productivity programme
Unilever has announced steps to accelerate its Growth Action Plan (GAP) through the separation of Ice Cream and the launch of a major productivity programme.
Nissan Africa announces regional appointments
Jordi Vila, currently Nissan Divisional Vice President Marketing and Sales Europe has been appointed as President Nissan Africa, as DVP.
Mark-Anthony Johnson: Is Africa splitting in two?
Mark-Anthony Johnson: Is Africa splitting in two?
Africa’s vibrant and sustainable creations
In many African communities, creativity knows no bounds. A unique and fascinating trend has emerged, where individuals repurpose flip-flops into remarkable crafts.
Nissan Navara to fly the flag up through Africa in daring expedition
Dubbed Nissan Daring Africa 2024, the expedition will visit Mozambique, Zimbabwe, Zambia, Malawi, Tanzania and Kenya before ending in Egypt.
[Webinar] Complimentary expert session for Telecom leaders and Startups in Africa, March 21
Designed for telecom leaders and startups, thia event offers invaluable strategies for expanding services, managing FX risks, enhancing cross-border payments, and establishing credibility in the international arena.
Xsolla unveils new payment methods for gamers in Africa
This move addresses the unique financial landscape of Africa, where a significant portion of the population, particularly in regions like Ghana and Uganda, remains unbanked.
Southern African tourism stakeholders to get new regional disaster risk management and crisis communication plan
The SADC Business Council Tourism Alliance has concluded the successful completion of a pilot project on tourism disaster risk management and crisis communication for the Southern African Development Community (SADC) region.
IATA announces first signatories to Air Cargo Digitalization Leadership Charter
The Digitalization Leadership Charter aims to accelerate the air cargo industry’s digitalization journey by committing to five key guiding principles.
Village Capital unveils programme targeting African startups focused on greentech
The programme is designed to advance innovative and sustainable solutions, actively contributing towards building resilience and mitigating the effects of climate change across Africa.
AFC Joins Ecobank and Soto Gallery to Host +234Art International Art Exhibition to empower African artists
AFC has joined forces with Ecobank Nigeria and Soto Gallery to host the +234Art Fair, a 10-day international exhibition intended as a springboard to promote Africa’s art and its artists.
[Column] Farai Bayai Ncube: Bridging gender gaps in Africa’s creative sectors
The Creative DNA programme, initially successful in Kenya with three completed cohorts, has expanded to Ethiopia, Senegal, and Uganda, and plans to launch in more sub-Saharan African countries.
IATA partners with Smart Freight Centre on carbon emission calculations
The two organizations will focus efforts on developing the cargo component of IATA’s CO2 Connect offering, which successfully launched its passenger version in 2022.
DP World launches global freight forwarding network
In response to increasing disruptions to global trade – from climate change, geopolitics and macroeconomic challenges – DP World has embarked on a bold initiative to bolster its commitment to its customers.
IBM commits $45 million towards resilient cities
IBM also announced that it would increase investment in the pro-bono social impact program by 50%.
Global HR company Deel to acquire African payroll firm PaySpace
Global HR company Deel has announced that it is acquiring African-based payroll and HR solution company PaySpace for an undisclosed amount. It is one of Deel’s largest acquisitions to date.
Aviation experts push for a Model Bilateral Air Services Agreement
Aviation officials from the Eastern Africa-Southern Africa and Indian Ocean region are making steady progress in reviewing and having a model Bilateral Air Services Agreement (BASA) that conforms with the provisions of the Yamoussoukro Decision of 1999.
IATA and The Weather Company to provide enhanced turbulence-related weather data to airlines
With this enhancement, participating airlines will soon be able to access Eddy Dissipation Rate (EDR) turbulence data directly through Fusion and Pilotbrief tools by The Weather Company.
Lilium Group and Didier Drogba Foundation are now co-owners of Team Drogba in the E1 World Championship
Lilium Group, the parent company of Vista Group the African financial services group, and the Didier Drogba Foundation announce that they are co-owners of Team Drogba in the E1 World Championship.
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.
[FINTECH EVENT] Verto Atlas Product Launch, Lagos Continental Hotel, 29 February
Verto extends this invite to an exclusive, fireside gathering at the prestigious Intercontinental Hotel Lagos, as it unveils Verto Atlas, the financial powerhouse for large corporations and enterprises in Nigeria.
TradeMark Africa partners with global organizations to boost international trade
With TMA funding of $4 million, IOTA developed TLIP, a system built on the distributed ledger technology providing a transparent and secure electronic exchange of trade information in international supply chains.
Uber is the world's most valuable mobility brand, study
Uber remains the world's most valuable mobility brand, with a 28% increase in brand value to $29.7 billion, according to the latest report by Brand Finance, the global brand valuation consultancy.
African healthtech shows resilience with mere 2% decline in funding while broader tech ecosystem plunges in 2023, report
Healthcare consulting firm Salient Advisory has launched its latest Intelligence Report, presenting findings on funding activity, covering grant, equity, and debt investments for African healthtech startups in 2023
Digital commerce in Africa to expand 25% per year by 2026, report
Africa has emerged as a frontier for the new online consumer class, representing an estimated 10 million new consumers in 2024 and trailing only Asia as a region. This is according to the new annual Beyond Borders digital payments and commerce report by EBANX
TradeMark Africa receives $63 million from Netherlands to advance sustainable trade
This strategic investment will fuel TradeMark Africa’s Strategy 3, covering the period till 2030, aimed at driving green, sustainable economic growth, fostering innovative trade practices, and promoting inclusive trade across Africa.
[Free Webinar] Unlocking Success in New Markets: Cross-Border Payments Strategies for South African Businesses
Embark on a journey through the dynamic realm of international finance with our upcoming webinar, where we unravel the intricacies of global payment strategies essential for triumph in the finance sector.
[Free Webinar] The Verto Hour: Streamlining Payments for Manufacturers and Suppliers in Eastern and Western Africa
Join this webinar that empowers both manufacturers and suppliers operating in African markets with valuable insights and actionable strategies to streamline their payment processes and ensure uninterrupted supply chain continuity.
Tembo Gold announces transformative acquisition and landmark investment from Tanzanian strategic investor
Tembo Gold Corp to announce that it has entered into a Licences Purchase Agreement with Lake Victoria Gold Ltd.
CPS and African School of Economics join forces to establish University and Research Labs in Fumba Town
CPS to announce its partnership with the African School of Economics (ASE), spearheaded by Prof Leonard Wantchekon, the esteemed President and Founder.
Kenya Airways and South Africa airlines to finalise partnership strategy in 2024
Kenya Airways and South African Airways have announced plans to launch a pan-African airline group in 2024, as part of their strategic partnership.
[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.
[Interview] Dr. Thomas W. Laryea, Conseiller Juridique, Orrick, USA
Thomas Laryea est un avocat international spécialisé dans la restructuration de la dette souveraine à l'échelle mondiale et dans le financement et l'investissement en Afrique. Également membre de la prestigieuse organisation The African Business Roundtable, M. Laryea offre un aperçu des structures économiques publiques et privées en Afrique et dans le monde.
[Interview] Dr. Thomas W. Laryea, Legal Counsel, Orrick, USA
Dr. Thomas Laryea is an international lawyer focused on sovereign debt restructuring globally and Africa-related finance and investment. Also a member of the prestigious organization, The African Business Roundtable, Dr. Laryea offers expert insights into both public and private economy structures in Africa, and globally.
Masterclass sur la préparation des projets de l'African Business Roundtable Séminaire Web gratuit, 27 juillet
Après des discussions avec diverses institutions de conseil et d'investissement, et afin d'attirer davantage les investissements vers les projets, le secrétariat de l'African Business Roundtable, en association avec Afreximbank, a conçu le "Project Preparation Masterclass"
The African Business Roundtable Project Preparation Masterclass Free Webinar, July 27
After discussions with a variety of advisory and investment institutions, and to further attract investment to projects, the African Business Roundtable Secretariat in association with Afreximbank has designed the “Project Preparation Masterclass”.
Les marques de distributeurs et les emballages personnalisés essentiels pour redéfinir la perception des marques "Made in Africa".
Les biens et produits fabriqués en Afrique sont souvent perçus comme étant de qualité inférieure à ceux d'autres pays. Redéfinir cette image est essentiel pour accroître la compétitivité des fournisseurs africains, tant au niveau local qu'international.
Private Labels, Custom Packaging Key to Redefining Poor Perception of ‘Made in Africa’ Brands
Goods and products manufactured in Africa are often perceived to be of inferior quality compared to those from other countries. Redefining that image is key to increasing the competitiveness of African suppliers both locally and internationally.
The Africa Trade Expo (TATE) | Virtual Conference and Trade Show
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.
Future Foods | African Food & Beverage Industries Virtual Conference & Trade Show
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
[Interview] Kagure Wamunyu, CEO, Kobo360, Kenya
Kobo360 was launched in 2017 by entrepreneurs Obi Ozor and Ife Oyedele II. Kagure Wamunyu is the current CEO, leading the company's expansion and growth in the African region.
[Interview] Anne Wambui Gaitha, CEO, Regal Africa, Kenya
Anne Wambui Gaitha is an investment and financial services professional. She founded Regal Africa in 2015. Located at Top Plaza, 4th floor, Kindaruma Road, Kilimani, Nairobi, the company provides diverse financial services in East Africa.
[Interview] Byron Mudhune, Co-Founder, MafAfrique
Byron Mudhune is the co-founder and chairman of MafAfrique, an advisory and fund management group with operations in Africa and Eurasia.
[Column] Ralph Speirs: Investment education is a tool to financial literacy
Money is one of life's most vital tools, it gives us the power to sustain, maintain, survive and the ability to leave a legacy for our loved ones.
[South Africa] Pink tax causes financial pain
Basic toiletries, grooming products, medical screenings and haircuts are some of the items that see women spending hundreds to thousands of rands more than their male counterparts.
[Column] Bob Koigi: Sacrificing investments at the altar of consumerism
Sub Saharan Africa is experiencing an unprecedented surge in demand for luxury products and services. This is particularly being driven by a booming middle class.
[Interview] Peter Tole, Co-Founder and Director, Land LayBy Real Estate, Kenya
The real estate firm, Land LayBy was founded by Dr. Peter Tole, a Kenyan medical doctor resident in Australia, in 2014. Land LayBy is a unique combination of assistance to Africans in diaspora and accelerating economic growth on the continent.
[Interview] Thiagarajan Ramamurthy, CEO, Bidco Africa
Thiagarajan Ramamurthy, TRM, is a name synonymous with strategy and tact. He has been a formidable juggernaut in retail and manufacturing industries across Africa.
Radisson Hotel Group delivers strong growth in 2022 through its 9 relevant brands
In 2022, Radisson Hotel Group continued to drive forward its ambitious expansion plan to be one of the top three hotel groups in the world with its strong portfolio of nine distinct brands and its growing resorts portfolio.
Radisson Hotel Group continues to strengthen its presence in Africa
Radisson Hotel Group plans to strengthen its already impressive presence in Africa. The Group has ambitious plans to reach 150 hotels and 25,000 rooms within the next five years across the continent, making Africa a key region for growth.
[Chronique] Goodie M. Ibru: Ce que l'AfCFTA apporte à l'Afrique
La configuration du continent Africain en matière de commerce et d'investissement est une histoire de promesses et d'opportunités manquées. Avec une population de plus de 1.2 milliard d'habitants, l'Afrique constitue un marché énorme et prometteur.
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.
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.
African Union partners with APO GROUP to Re-brand and Re-position Africa to the world at the Expo 2020 Dubai
The African Union has announced a partnership with the APO group to Re-brand and Re-position Africa to the world at the Expo 2020 Dubai, to be held from October 2021 to March 2022.
L'Union Africaine s'associe à APO Group pour repositionner l'Afrique à l'Expo 2020 de Dubaï
Pour l'Afrique, c'est l'occasion de montrer au monde son vrai visage, notamment ses innovations, ses opportunités commerciales, son art, sa culture, son patrimoine et sa beauté naturelle
Rwanda post office Iposita, to use codified addressing system
The National Post Office (Iposita) has adopted a codified addressing system that will make it possible for them to deliver packages and mails to the exact locations by use of grid code technology.
Rystad Energy analysis shows oilfield service purchases is set to lose $340b until 2028 as peak oil is closer than ever
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis shows.
USAID announces $15m innovative training center for supply-chain management in Africa
USAID announced $15 million to support a partnership between Arizona State University and the Kwame Nkrumah University in Ghana to create an innovative research and training center to improve African supply-chains.
Manufacturing, logistical supply chain constraints inhibit vendors' capacity to address high demand for mobile PC devices in EMEA, IDC
The Europe, Middle East, and Africa (EMEA) traditional PC market declined YoY in 20202Q1 and totaled 16.4 million units, according to International Data Corporation (IDC).
Potential supply chain issues and how to handle them
It’s almost a science to get the supply chain operating just right as business owners need to factor in everything from shipping (import and exports), the manufacturing process, inventory, materials, logistics, and more.
Nigerian Stock Exchange, Luxembourg Stock Exchange sign MoU to expand the green bond markets
The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) have signed a Memorandum of Understanding (MoU) to cooperate in promoting cross-listing and trading of green bonds in Nigeria and Luxembourg.
[South Africa] Absa PMI measures second consecutive large fall
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 41.6 index points in September, down from 45.7 in August.
Africa Logistics Properties addresses current supply chain challenges in the East African Region
Key stakeholders in the logistics industry gathered in Nairobi for a Supply Chain Network forum to discuss the challenges facing the sector.
Greenwich Trust lists Greenwich Alpha ETF on the Nigerian Stock Exchange
The Nigerian Stock Exchange has announced the listing of the Greenwich Alpha ETF by Greenwich Asset Management Limited, on its Daily Official List.
Innovative leasing deals boost Kenya’s office market, Broll Property
A creative approach to leasing deals is helping innovative landlords offset the challenges of high vacancies in an overstocked Nairobi office market, according to Broll Property Intel’s latest Kenya Office Market Snapshot H1:2019 report.
Capital Markets Authority approves Kenya’s first green bond
Capital Markets Authority (CMA) has approved the issuance of Kenya’s first unlisted green bond, to be issued by Acorn Project (Two) Limited Liability Partnership.
CMA rolls out CPD programme for the capital market practitioners in Kenya to enhance professionalism
As part of its drive to enhance professionalism for customer-facing staff working for capital market intermediaries in Kenya, CMA has rolled out a Continuous Professional Development Programme.
[South Africa] Leila Fourie appointed CEO of Johannesburg Stock Exchange
Nicky Newton-King will retire as Chief Executive Officer of the JSE on 30 September 2019. The Board has appointed Dr Leila Fourie as Group Chief Executive Officer, effective 1 October 2019.
Capital Markets Authority Kenya and Abu Dhabi Global Market partner on sustainable finance
The Financial Services Regulatory AuthorityADGM and Kenya's Capital Markets Authority have partnered to enhance cooperation in sustainable finance in each other’s markets.
[Kenya] CMA grants Nairobi Securities Exchange approval to launch Derivatives Exchange Market
The Capital Markets Authority (CMA) has granted approval to Nairobi Securities Exchange (NSE) to launch and operate the Derivatives Exchange Market.
Nigerian Stock Exchange, Securities and Exchange Commission streamline approval process to encourage more listings
The Nigerian Stock Exchange, NSE, and the Securities and Exchange Commission, SEC, have moved to make the processes involving listing on the NSE more efficient by streamlining the approval process.
[Kenya] Capital Markets Authority set to recover Ksh208 million from illegal trading in fixed income securities
Kenya’s Capital Markets Authority has taken enforcement action against Mr. Rodrick Muhoro, a bond trader, following conclusion of investigations with respect to allegation of irregular trading of Government Securities.
[Kenya] Capital Markets Authority licenses Jubilee Financial Services to operate as a fund manager
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Jubilee Financial Services Limited to operate as a fund manager having met all requirements.
Capital Markets Authority licenses AFG Wealth Kenya as an investment adviser
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to AFG Wealth Kenya Limited to operate as Investment Adviser in Kenya bringing the number of investment advisers to 15.
[South Africa] Experian acquires Compuscan and Scoresharp
Consumer credit reporting company Experian has completed the acquisition of South Africa's Compuscan and Scoresharp.
[South Africa] Nedbank lists Green Bond on the Johannesburg Stock Exchange
Nedbank Limited has become the first commercial bank in South Africa to list a green bond on the Johannesburg Stock Exchange, JSE’s Green Bonds segment.
Skyway Aviation Handling Company lists on Nigerian Stock Exchange main board
Skyway Aviation Handling Company Plc has listed 1,353,580,000 ordinary shares at The Nigerian Stock Exchange Main Board.
[South Africa] Third Leaf Wines acquires Mulderbosch
Mulderbosch winery, widely considered one of South Africa's most iconic wineries has moved its US distribution to Third Leaf Wines.
Komet announces sale of its Assets in Burkina Faso
Canadian-based gold mining and exploration Komet Resources Inc has entered into an agreement to sell all the issued and outstanding shares that it holds in the share capital of its subsidiaries in Burkina Faso.
African Gold Group completes share consolidation
Mining company has announced that it has received final TSX Venture Exchange approval to complete its previously announced share consolidation.
[Kenya] CMA recovers $4.5 million in connection to suspicious trades in KenolKobil shares
The Capital Markets Authority has secured the surrender of potentially illegal gains amounting to $4.5 million, in the context of the ongoing investigations into insider trading on KenolKobil shares.
Nigeria’s Access Bank raises $ 41million in Africa’s first corporate Green Bond
Nigeria’s Access Bank Plc has issued the first certified corporate green bond in Africa, raising Nira 15 billion (US$ 41 million).
Afreximbank makes a case for factoring to ease access to financing for African SMEs
The African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing.
Kenya launches green bonds market in product diversification plan
As part of the strategy of diversifying products in the Kenyan capital markets, the frameworks to issue listed and unlisted green bonds have launched.
Protiviti grows global foothold with new South Africa partnership
To further address the needs of its clients, global consulting firm Protiviti has expanded its Member Firm network to South Africa to add SekelaXabiso CA Incorporated (SkX) as its newest member firm.
Citi launches global depositary note capabilities on Ghanaian debt securities
Citi’s Global Issuer Services business, acting through Citibank, N.A. in its capacity as a depositary bank, has expanded its Global Depositary Note (GDN) product capabilities to Ghanaian government debt securities.
Egypt's bourse launches new index
The Egyptian Exchange has launched a new fixed-weighted index dubbed "EGX30 Capped" that will include the activities of top 30 companies in terms of liquidity.
[Kenya] NIC, Commercial Bank of Africa finalize merger plan
NIC Group PLC and Commercial Bank of Africa Limited, CBA board directors have agreed to the merger of NIC and CBA.
Coca-Cola completes acquisition of Chi Limited in Nigeria
Global beverage company Coca-Cola Company has completed its acquisition of Chi Ltd. in Nigeria.
IFC and West African Stock Exchange partner to strengthen corporate governance
IFC and West Africa Regional Stock Exchange have signed an agreement to cooperate toward improving corporate governance practices of listed companies.
[South Africa] JSE’s proposed new debt listing requirements to be interrogated
Investors, issuers, certain representative bodies and debt sponsors have had their say in response to the Johannesburg Stock Exchange’s proposed new debt listing requirements.
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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
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[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