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Engineering firm Pini Group expands operations into Africa
Pini Group has had a longstanding interest in Africa and has recently participated in several significant projects in Senegal, Mozambique, and Tanzania.
Africa Business Communities seeks columnists in Egypt and Dubai
We are keen on contributors with originality, creativity, versatility and an eye for interesting trends across the sectors that we cover including banking and finance, tech, energy, agribusiness and trade.
Africa Business Communities launches operations in the Middle East
The company supports doing business in Africa through marketing and communication services, custom media productions and market research and has the largest LinkedIn community in Africa with over 1.2 million followers.
Kotler Impact presents the Essentials of Modern Marketing, Nigeria Edition 2024
This is the world's first marketing book around market-specific stories from Nigeria, to be published in November 2024 on Amazon and launched in Lagos.
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.
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
IFC, Proparco and MIGA back Kasada to support Kenya’s hospitality sector
The financing package includes an $11 million loan from IFC and an $11 million parallel loan from Proparco. In addition, MIGA will provide $27.5 million in political risk insurance to the project.
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.
Plexus Africa Finance collaborates with Altair Consultancy on housing and infrastructure projects in West Africa
The collaboration may also extend to include other nations on the African continent, based on project requirements.
Shelter Afrique Development Bank launches affordable housing credit guarantee programme in Nigeria
The innovative financing structure has begun with the first pilot transaction of ₦aira three billion (₦3 Billion) debt financing guarantee for Modern Shelter Systems and Services Limited under a comprehensive affordable housing program.
IFC announces support for UNEP-GlobalABC buildings breakthrough target
IFC will become the first private sector-focused development financial institution globally to endorse the Buildings Breakthrough Target via its two climate innovations:
SODIC expands in Egypt with the addition of two luxury hotels
Underpinned by SODIC's extensive expertise and reputation, Nobu's introduction into Egypt will anchor two of SODIC's developments – Cairo in the New Zayed area and a coastal development on the North Coast.
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.
Baron & Cabot Launches a portal to support the expansion of local real estate agencies in Africa
Baron and Cabot, a UK-based international real estate firm has launched a game-changing concept – a UK property portal that is offering a strategic expansion plan for real estate agencies in Africa.
[ChatGPT Biography] Samih Sawiris, Founder of Orascom Development
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.
[ChatGPT Biography] Manu Chandaria, Founder of Comcraft Group
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
[ChatGPT Biography] Ashish Thakkar, Founder Mara Group
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] Natasha Koli-Muhire: Housing financiers have vital role in promoting housing recovery post disaster
Many countries have constitutions that recognize the right to accessible and adequate housing and to reasonable standards of sanitation under their Bill of Rights. This right to adequate housing is critical more so within the context of disasters.
[East Africa Business Week] Bob Koigi: Bolstering integration with Tripartite Business Council
In a historic move for the integration process, The East African Business Council, COMESA and SADC Business Council recently launched and formed the African Tripartite Business Council.
[Nigeria Business Week] Andrea Ayemoba: Banks rally behind women-led SMEs
The NNPC has an approximated value of 50 trillion naira. With oil and gas infrastructure in Nigeria constantly plagued by mischief and vandalism, an ECOWAS expert has profferred a very interesting solution to this persisting problem
[Column] Muhammad Gambo: The Russia – Ukraine conflict and its impact on the built environment industry in Africa
The imminent food crisis resulting from the war is the topic du jour. However, there are other sectors to consider; one of them is the Built Environment.
[Nigeria Business Week] Andrea Ayemoba: Nigeria sets course to unify industry benefits, lead Africa's 5G
Following a turbulent year of stock market fluctuations, restrictions related to an ongoing pandemic and varying economic instabilities, predictions on Nigeria’s performance last year ranged from inferior to mediocre to excellent.
[Nigeria Business Week] Andrea Ayemoba: Industries unanimously look toward renewable, sustainable practices
The Covid-19 crisis has been cause for numerous economic slumps round the world; companies were shut down, production halted, industries crippled and prices skyrocketed the world over.
[Column] Roger Long: Divergent trends in property values across Africa
The onset of the COVID-19 pandemic not only affected people and communities, but also impacted commercial property values across the world. This report looks at the effect of the pandemic on property values in Africa.
[Column] Babatunde Oyateru: Africa should rethink business models for impact and sustainability
Is the corporate goal of an organisation solely to return a profit to its shareholders, or should it be purpose-driven and respond to wider societal needs at the expense of robust profits?
[Interview] Victoria Nannozi, CEO, The Association of Real Estate Agents, Uganda
The Association of Real Estate Agents, AREA-Uganda, is an umbrella institution of real estate agency/brokerage companies, consultancy real estate firms, and real estate agency /brokerage professionals in Uganda that have key interests in real estate agency/brokerage.
[Column] Victor Oladokun: Africa's lockdown nightmare
Across Africa, affordable housing is in acute short supply. It is one of the reasons why lockdowns and social distancing during the COVID-19 pandemic are unimaginable and unsustainable.
[Startup Interview] Oluwatosin Dada, CEO, Dadus Properties, Nigeria
Oluwatosin Dada is the CEO of Dadus Properties, a Nigerian real estate startup of property development and management consultants.
[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.
[Column] Samuel Kariuki: East African real estate investors discover the working class
The last 20 years of real estate boom in East Africa has changed our building landscape and inventory, as it quite rightly should have done.
[Kenya Business Week] No to robots in banks
Even as Kenya continues to record impressive penetration of technology, a section of citizens still prefer the brick and mortar services and are still apprehensive about embracing new innovations among them machine intelligence.
[Kenya Business Week] US key investment target in Africa
US has reiterating its commitment to strong partnerships with key countries in Africa, specifically naming Kenya as a target for future US aid and investment.
[Column] Sachen Gudka: Tracking Kenya Big Four Agenda’s performance
By deliberately centering Manufacturing in the Big 4 Agenda, Kenya made an expedient decision to steer itself back on the fast track towards realizing Vision 2030.
[Kenya Business Week] Leveraging the blue economy wave to boost national purse
Kenya has this week successfully hosted the first global conference on blue economy that brought together over 16,000 delegates.
[Kenya Business Week] Cementing bilateral relations with South Africa, China
As Kenya continues to cement its position as East Africa’s economic powerhouse, it has been on a charm offensive targeting African and global public and private players.
[Nigeria Business Week] Towards sensible investments, capital pours in from the outside
For a country as populous as Nigeria, the wheels can and should not stop rotating. Supply rarely ever exceeds demand, investors are always welcome and jobs are never surplus.
[Kenya Business Week] Fertilizer shortage and the ripple effects
Mergers, expansions, partnerships, taxation controversy and delays at major installations have dominated Kenya’s headlines this week.
[Kenya Business Week] Towards affordable housing
As Kenya aims for mid- level economic status it has set targets it hopes will propel it to this dream.
[Kenya Business Week] Tackling illicit financial flows
In one of the most historic developments in the country, President Uhuru Kenyatta and his Swiss counterpart Alain Berset have overseen the signing of a key agreement that clears the way for the recovery of assets acquired through corruption and crime in Kenya
[Kenya Business Week] Gauging regional growth through Kenya’s prism
As one of East Africa’s big brothers in economic growth and development, Kenya has this week continued to attract praise and investment with its landmark investments delivering impressive payoffs.
[Interview] Reuben Kimani, CEO, Username Investment, Kenya
Reuben Kimani is an engineer, ICT professional and currently the CEO of Kenyan Real Estate company, Username Investment.
[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.
[Startup Interview] Oladunmade Otitoola, Founder, RentYourHall, Nigeria
Oladunmade Otitoola, an entrepreneur and beneficiary of the Tony Elumelu Entrepreneurship Program in 2016, is founder of RentYourHall, Nigeria. Africa Business Communities poses him some questions on development of the startup.
Reshaping the future of real estate for African cities
Researchers predict that in 2030, Lagos, Cairo and Kinshasa will each have to cater for over 20 million people, while Luanda, Dar es Salaam and Johannesburg will have crossed the 10 million mark.
Roads & Corridors East Africa 2017 | 20-21 June Nairobi, Kenya
Governments across East Africa are set to change transportation and trade development by investing in the expansion and rehabilitation of existing roads, the creation of new road links between key cities and cross-border connections
The Kenyan real estate market and the introduction of Real Estate Investment Trusts
The past decade has seen significant growth in most key sectors of the Kenyan economy, thanks to a vibrant private sector and the ever-increasing foreign appetite for investments in Africa.
WeWork and SiSebenza announce franchise partnership in South Africa
The deal also grants SiSebenza exclusive rights to grow and operate the WeWork franchise in Ghana, Kenya, Mauritius and Nigeria.
Investment firm Rogers Group targets East and Southern Africa for exponential growth
For companies like Rogers, which are listed on the Official Market of the Stock Exchange of Mauritius (SEM), the pursuit of international growth opportunities is a key lever for increasing their presence in markets with high potential.
[Kenya] CMA facilitates engagement to create a Kenya National Real Estate Investment Trust
The affordable housing progamme will be executed under the Sanduku Investment Initiative which will also include infrastructure. KNR will register all REITS for the development of affordable housing and infrastructure through Special Purpose Vehicles.
Hivestack and RE/MAX of Southern Africa activate the world’s first programmatic digital out of home anamorphic campaign
The campaign was activated for RE/MAX of Southern Africa, the leading global real estate franchisor via their agency Mark1 targeting audiences at the iconic Victoria & Alfred (V&A) Waterfront in Cape Town via V&A appointed media owner, Innovocean.
[Kenya] CMA approves listing of LAP Trust Imara Income Real Estate Investment Trust
This listing by introduction gives Laptrust the platform to build investor confidence in its brand through transparency and disclosure, a track record of performance and compliance with regulatory requirements.
Property investment company Baron and Cabot to help South Africans buy low interest rate property in the UK
As of 2022, rising inflation has become a shared trend in Africa. Global supply disruptions caused by the COVID-19 pandemic and Russia’s invasion of Ukraine are some of the major factors responsible for inflation
World’s tallest timber apartment tower to be built in Zanzibar
The design of the mixed-use apartment and commercial building, in a playful beehive style with breathtaking ocean views, was unveiled to the public in Muscat, Oman on 1 October.
DLA Piper launches inaugural survey of In-House Lawyers in Africa
DLA Piper Africa, in partnership with The Legal 500, has published its inaugural WIN (What In-house lawyers Need) Insights Report for Africa and associated Benchmarking Report.
Nigeria pays $7.15 million for additional stake in Shelter Afrique
The Additional stake now takes Nigeria's shareholding to 15.8%, one-percentage point behind top shareholder Kenya, which currently stands at 16.85%.
Jobomax, Sankofa announce joint venture pilot housing project in Ghana
Sankofa Capital, a Philadelphia-based Real Estate Development Company and Jobomax Global, West Africa's most trusted homebuilder, announced a joint venture pilot housing project in Ghana.
Sotheby's International Realty opens first office in Egypt
Sotheby's International Realty announced the opening of Egypt Sotheby's International Realty, signifying the brand's second office in Northern Africa and its 206th office in the EMEIA region.
Square Seven organizes "Egypt Living" exhibition in Canada
Ali Abdel Ghaffar, CEO and founder of Square Seven, highlighted that organizing this exhibition comes within the framework of integration with the government's strategy to expand exporting real estate abroad and helping real estate companies access to clients outside Egypt.
Marvel Group launches Egyptian Property Market exhibition
Egypt’s marketing company Marvel Real Estate intends to launch first edition of Egyptian Property Market (EPM) EXPO on 19 May.
Envol City joins Basketball Africa League as official partner
The Basketball Africa League (BAL) and Envol City announced a multiyear partnership that makes Envol City an official partner of the BAL and the league’s Country Partner in Senegal.
Government to pilot 3D-printed houses in South Africa
The Department of Science And Innovation (DSI) is piloting the use of 3D-printed homes to help address South Africa’s housing shortfall.
RED announces the first alliance of real estate marketers in Egypt
RED has prepared an extensive study on the needs of the real estate market, as well as the relationship between the real estate marketer, the real estate developer and the client.
Al- Futtaim Group Real Estate partners with Misr El Khair Foundation to develop villages in Upper Egypt
The initiative aims to provide sustainable development activities in different areas in the village of Mansheyah Al Dahab Al Qblyah in Minya, Upper Egypt throughout the year.
Tanzania, World Bank sign $650m credit pacts for education and land
The government of Tanzania and the World Bank have signed two concessional loan agreements worth $650 million (about Sh1.501 trillion) for the improvement of education and land administration systems.
Knight Frank Kenya appoints Mark Dunford as new Managing Director
Real estate management firm Knight Frank Kenya, has appointed Mark Dunford as the new Managing Director.
[Egypt] New El Alamein city sees $4bn investments, housing minister
Projects involved in Egypt’s new El Alamein city have raised 62 billion Egyptian pounds ($4 billion) to date, the minister of housing, utilities and urban communities said.
Homes & Villas by Marriott International launches in South Africa
Homes & Villas by Marriott International announced that almost 300 exclusive Cape Town, Johannesburg and Durban homes have been added to the platform.
[Tanzania] World Bank approves $150m to aid land systems
The World Bank has approved $150 million in financing to strengthen Tanzania’s land administration system and increase tenure security for at least two million land holders, users and their families.
Holcim and CDC Group unveil Africa’s largest 3D-printed affordable housing project in Kenya
A new neighbourhood in a Kenyan town is to spring into existence in record time thanks to a world beating 3D printing technology.
Abu Dhabi's Chimera invests $100 million in Gemini Global Development Egypt
Egyptian businessman CEO and Chairman of Ora Developers, Naguib Sawiris has announced the signing of an investment deal with Abu Dhabi’s Chimera whereby Chimera, through its subsidiary, will subscribe to a capital increase in Gemini Global Development Egypt (“Gemini”) in return for a significant minority equity stake in Gemini.
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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