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Afreximbank and Fiducia partner to promote factoring and supply chain finance in Africa
According to the MoU, Afreximbank is partnering with Fiducia in order to provide additional liquidity for trade facilitation through factoring on the Fiducia marketplace.
AfDB approves $20 million investment in private equity fund targeting the infrastructure sector in Africa
The Africa50 Infrastructure Acceleration Fund I is a pan-African infrastructure private equity fund that is mobilizing up to $500 million for investment and value creation in strategic infrastructure sectors.
Morocco partners with Africa Finance Corporation to advance critical financing for local institutions
The MOU strengthens the partnership after Morocco officially became a member of the AFC in 2021.
Promesse d’achat de CMA CGM pour 100% de Bolloré Logistics
Groupe Bolloré a reçu une offre spontanée du Groupe CMA CGM pour l’acquisition de ses activités de commission de transport et de logistique regroupée dans Bolloré Logistics.
The driving forces: Major industries impacting the African economy
Despite the challenges it's facing, Africa is home to some of the world’s fastest economies. With a fast-growing population and a wealth of natural resources, it has become an attractive destination for investors to capitalize on its untapped potential.
[column] Oluwatobi Amusan : Financial Inclusion in Africa with Embedded Trade Finance
There can be no talk of financial inclusion in Africa without trade finance. Trade promotes economic growth, reduces poverty, fosters economic and cultural links between regions and countries, and facilitates capital movement.
Entrée en négociation exclusives avec le Groupe CMA CGM concernant Bolloré Logistics
Le Groupe Bolloré a reçu une offre spontanée du Groupe CMA CGM pour l’acquisition de ses activités de commission de transport et de logistique regroupée dans Bolloré Logistics.
Finverity raises $5 million to expand Supply Chain Finance Technology
Finverity raises $5m equity funding as revenues grow 15x to meet the demand for its solutions, and finish opening its offices in Dubai, Poland and Kenya.
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.
South African Airways (SAA) Cargo partners with Menzies Aviation to provide air cargo services
South African Airways (SAA) Cargo has appointed Menzies Aviation, the world’s largest aviation services company, to provide air cargo services at OR Tambo International Airport (JNB) in Johannesburg, Cape Town International Airport (CPT), and Port Elizabeth International Airport (PLZ).
Nigerian logistics startup Fez Delivery raises $1 million funding to expand operations
This funding announcement follows Fez Delivery's acceptance as one of the only two logistics companies in Nigeria to have received investment from Techstars Toronto, an elite global tech accelerator.
[Interview] Ayodeji Ayorinde, Co-founder, Artisankonect, Nigeria
Artisankonect is a Nigeran startup that helps outsource user requests to skilled persons. Africa Business Communities chats with Ayodeji Ayorinde, one of the founders.
Aramco and DHL Supply Chain announce new end-to-end Procurement and Logistics Hub joint venture
Aramco and DHL Supply Chain partnership move is expected to help customers drive supply chain efficiency and cost benefits while reducing their carbon footprint through more sustainable solutions
Hutchison Ports invests $700 million in Egypt’s ports
The total investment of the two projects is approximately $700 million, bringing Hutchison Ports’ total investment in Egypt to over US$1.5 billion and paving a solid foundation for the company's strategy to expand its network and enhance its capabilities in emerging markets.
Zipline unveils new autonomous system for home delivery
Zipline, the global delivery company famed for its use of drones to deliver healthcare products has unveiled a new platform to offer deliveries directly to homes.
[East Africa Business Week] Bob Koigi: Scaling startups’ investment in the region
As startups successfully raise funding, they are boosting their product and service portfolio while setting sight on the East African region for expansion. This
[Nigeria Business Week] Andrea Ayemoba: Banks move into East Africa, telecom pushes NSE profit
The telecom industry this week recorded a peculiar development – the massive registration of Nigerian SIM card holders.
[Column] Philip Myburgh : African businesses should diversify supply chains to mitigate global logistics crunch
The world of international trade is currently dealing with a perfect storm of challenges on multiple fronts.
[Interview] Moulaye Taboure, Co-founder, Afrikrea e-Commerce
Moulaye Taboure is the CEO/Co-founder of Afrikrea, an Africa focused e-commerce platform operating out of Côte d’Ivoire.
Djibouti bets on Doraleh facility, infrastructure projects to grow economy
In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti has entered the year 2021 with determination.
L'arrivée du MSC VIRGO à Pointe-Noire promet un nouvel horizon pour l'Afrique Centrale
L'arrivée de ce porte-conteneurs au Congo s'inscrit dans le cadre des plans d'expansion de MSC visant à étendre son réseau en Afrique subsaharienne en redessinant son service vers la côte ouest africaine.
Audi Volkswagen Middle East announces collaboration with DHL in the Middle East & Africa
udi Volkswagen Middle East (AVME) announces DHL Global Forwarding as its new warehousing partner for the entire spare parts supply chain in the Middle East, for the Volkswagen and Audi brands.
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] Finsbury Trading bets on SAP Business One to boost operations
With the previous system, the company struggled with interbranch and regional reporting, order processing, and visibility, as well as business controls and approvals.
[Startup Interview] Don Okoth, General Manager, Sendy, Kenya
Don Okoth is General Manager for Kenyan Fulfillment and Logistics startup Sendy. In this interview, he talks about the current state of logistics in Kenya and beyond, including Sendy's role in shaping the industry.
Ethiopian Airlines and MailAmerica S.A. launch ecommerce logistics services
Ethiopian Airlines Group (ET) has partnered with MailAmericas (MA), a private postal operator and gold member of the consultive committee for the Universal Postal Union, to develop competitive cross border ecommerce services within Africa and the Middle East using Addis Ababa as a hub.
Economic and supply chains top threats in Ghana, report
It is both stability and change in the Allianz Risk Barometer 2023. Cyber incidents and Business interruption rank as the biggest company concerns for the second year in succession.
Zipline and the Government of Rwanda partnering to serve the entire country with instant logistics
The government of Rwanda plans to make nearly 2 million instant Zipline deliveries and fly more than 200 million autonomous kilometers by 2029.
e-Logistic company Jetstream raises $13m to grow cross-border commerce across Africa
Ghana-based Jetstream Africa, an e-Logistics platform for Africa’s exporters and importers, has raised US$13 million in a combination of debt and equity financing to help it expand.
Nestlé invests in logistics innovations to reduce greenhouse gas emissions for its international water brands
Nestlé is investing over CHF 100 million by 2030 in low-carbon logistics for its three international water brands - S. Pellegrino, Acqua Panna and Perrier.
MSC Group completes acquisition of Bolloré Africa Logistics
MSC Group has confirmed that its wholly owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics.
[South Africa] Zeda lists on the JSE post Barloworld unbundling
Integrated mobility solutions provider Zeda, listed its shares on the main board of the Johannesburg Stock Exchange (JSE), giving investors an opportunity to add to their portfolios a company at the forefront of mobility in Southern Africa.
Bolloré Africa Logistics signe le contrat de concession du Terminal bois port de Douala
Bolloré Africa Logistics et le Port Autonome de Douala ont procédé à Douala, à la signature du contrat de concession du Terminal Bois du Port de Douala (TBPD).
African exchanges link AELP demonstrates share trades
The cross-border trading platform linking seven of Africa’s leading securities exchanges was launched yesterday 7 December in Abidjan. The link gives access to over 1,000 of Africa’s biggest and most promising companies, companies with nearly $1.4 trillion of market capitalization (total value of equities listed).
Mammoet launches technology that enables real-time carbon monitoring for heavy lifting and transport
The system allows customers to accurately predict and monitor carbon output arising from large heavy lifting and transport projects
Jumia has announced leadership changes to support its journey towards profitability
New leadership appointed with a plan focused on path to profitability and e-commerce fundamentals.
AD Ports Group signs deal with Africa Finance Corporation to address continent's infrastructure gaps
The agreement provides the basis for the two organisations to join forces on identifying, financing, developing and investing in much-needed ports, warehouses, maritime and logistics infrastructure projects across Africa.
FedEx establishes direct presence in Nigeria to support customers with international trade
FedEx Express (FedEx), a subsidiary of FedEx Corp. and the world's largest express transportation company, has announced that it has established a direct commercial presence in Nigeria, to meet the country's growing international shipping demands.
Over half of businesses in Nigeria planning to expand locally despite supply chain and cyber-security challenges, report
As part of the Equinix 2022 Global Tech Trends Survey, 100 business leaders in Nigeria were interviewed about the opportunities and challenges their organizations are facing – and their plans for the future.
TRADE X opens new automotive trading facilities in Kenya
TRADE X provides auto dealers, car rental companies, fleet owners and mobility solution providers with a seamless end-to-end process for the sourcing and distribution of cross-border vehicle inventory.
Leta closed $3M pre-seed round to scale in Africa
Leta, a Kenyan B2B supply chain and logistics SaaS provider launched last year to optimize fleet management, is looking for growth opportunities in West Africa, even as it scales operations in its existing five markets.
Kenyan supply chain and logistics startup Leta secures $3m pre-seed funding to accelerate growth
Leta, the supply chain and logistics startup driving distribution optimization, announced the close of $3 million Pre-Seed equity round.
USTDA, Zipline partner to expand West African healthcare access through drone technology
The U.S. Trade and Development Agency (USTDA) announced it has awarded a grant to Fly Zipline Ghana, for a feasibility study to expand healthcare access in Ghana and Nigeria using unmanned aerial vehicles.
FEDA invests $85 million into Arise IIP to support its pan-African growth strategy
The Fund for Export Development in Africa (FEDA) has announced a $85 million investment into ARISE Integrated Industrial Platforms (ARISE IIP), the pan-African infrastructure developer and operator. This deal demonstrates the confidence of FEDA in ARISE IIP's development strategy.
Transnet digitizes freight services in South Africa with Huawei's all-optical backbone network for railways
Transnet has been working with Huawei to build an upgradable and easy-to-maintain transmission backbone network featuring high bandwidth and reliability.
EABC calls for set up of consolidation centers to boost export of fresh produce from the EAC bloc
The intricacies and competitiveness of EAC economies rely on the transport and logistics sector
[Kenya] Logistics startup Sendy raises an undisclosed amount of funding from Japanese VC MOL PLUS
Kenyan Fulfillment and Logistics startup Sendy has announced that it has received funding from MOL PLUS the Corporate Venture Capital of Japanese transport firm Mitsui O.S.K. Lines (MOL).
Chargel une solution pour transporteurs routiers et expéditeurs au Sénégal
La start-up, basée à Dakar, a été fondée par Moustapha Ndoye et Alioune Ndoye. Elle a déjà levé 750 000 $ plus tôt dans l’année pour soutenir sa croissance.
[Kenya] Bolt hands over safety kits to boda boda riders on its platform
On-demand transportation platform Bolt on Wednesday equipped over 300 boda boda riders on its platform with safety kits. The move, the firm says is a way to support, improve, and promote road safety among the riders within Nairobi.
AIIM-led consortium establishes $150m pan-African cold chain logistics platform to ensure food security
To improve essential temperature-controlled logistics infrastructure in sub-Saharan Africa and ensure food security in the region, AIIM and its investment partners, have established a cold chain logistics platform, Commercial Cold Holdings (CCH).
[Kenya] Bolt appoints Linda Ndung’u new Country Manager
Ride-hailing company Bolt has appointed Linda Ndungu as its new country manager, charged with the responsibility of scaling the company’s local business to new heights.
[Kenya] Logistics startup Sendy restructures its operations, cuts down on its Supply Service
The startup says it will now lay more emphasis on its Fulfilment Service and provide more streamlined services to its business clients.
AIIM establishes $150 million cold chain logistics platform to tackle food insecurity in Sub-Saharan Africa
As global population grows and demand for food supply chains increase, demand for temperature-controlled logistics is also on the rise. This transaction therefore signifies AIIM’s entry into the cold storage sector which seeks to establish a pan-African cold storage platform.
[Kenya] Jumia adds electric Tuk-Tuks to its delivery fleet in Kenya
Jumia Kenya is adding E-Vans or what are commonly known as Tuk-Tuks to its delivery fleet in the country. The e-commerce leader has partnered with California-based EV solutions provider BILITI Electric for this project.
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.
OmniBiz announced a brand refresh
OmniBiz, a platform digitizing the essential goods ecosystem has announced a brand refresh.
Sendy partners with Meta to train SMEs in Kenya and Nigeria
Sendy has partnered with Meta through the Innovation Growth Hub (IGHub) to offer free training for SMEs on how to grow their business.
[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.
[Kenya] Jumia launches an integrated warehouse and logistics network facility to fasten delivery time and cut costs
Jumia has opened a new integrated warehouse and logistics network facility in Nairobi. The new facility will aim to transform Jumia logistics operations by providing increased storage capacity for scale-up of warehouse operations
[Kenya] Uber wants court to nullify newly-published ride-hailing regulations
Uber has appealed to the Supreme Court of Kenya to nullify the proposed digital taxi hailing regulations that were published by the Ministry of Transport in July this year.
Le port d’Abidjan entame sa phase finale
Le projet de construction du deuxième terminal à conteneurs du port d’Abidjan entame sa phase finale avec la réception de 6 portiques de quai et 7 portiques de parc
La start-up sénégalaise Afrikamart a levée de fonds auprès d’investisseurs dont Teranga Capital
Teranga Capital, un fonds mis en place par le FONSIS et ses partenaires, accompagne Afrikamart dans son développement
Le Terminal Roulier d'Abidjan (TERRA) obtient la labellisation "Green Terminal"
Le Terminal Roulier d’Abidjan (TERRA), qui assure la manutention et les activités liées aux navires rouliers au port d’Abidjan, a obtenu le label « Green Terminal », délivré par Bureau Veritas
[Kenya] E-Logistics startup Lori Systems raises an undisclosed amount of funding from Google
Kenya e-logistics company Lori Systems which operates across East Africa has raised an undisclosed amount of Round B funding from Google.
[Tanzania] Bolt switches to corporate clients only
Popular ride-hailing company Bolt has switched to corporate clients only in Tanzania. This, the firm says is due to the regulatory environment that is causing undue pressure on the sustainability of its operations in the country.
[Kenya] KOBO360 wins Best E-Logistics Platform at the Digital Tech Awards 2022
KOBO360 has been awarded the “Best e-Logistics Platform” at the Digital Tech 100 Awards 2022,for its outstanding contribution to Kenya’s logistics and supply chain ecosystem.
[South Africa] Standard Bank invests in tech-enabled logistics solution Tripplo
This start-up partnership ability arose when Standard Bank entered a relationship with tech business accelerator, Founders Factory Africa (FFA), a venture development company that designs, builds, and scales tech-enabled businesses across Africa.
Moroni Terminal s'engage dans un programme d'investissements de 5 milliards de francs comoriens
L’Union des Comores et Moroni Terminal ont procédé à la signature de l’avenant à la convention de concession du terminal à conteneurs du Port de Moroni.
Rand Merchant Bank funds Greenfield Dry Bulk Port Concession in Côte d’Ivoire
The concession is a 35-year agreement between TIPSP and the Autonomous Port of San Pedro, the state-owned port authority, encompassing the design, construction, financing, operation and maintenance of a greenfield multipurpose bulk terminal.
Côte d'Ivoire Terminal réceptionne 14 tracteurs électriques
Côte d’Ivoire Terminal (CIT) a réceptionné 14 tracteurs électriques APM 75T HE, commandés auprès du constructeur Gaussin, et destinés à équiper le deuxième terminal à conteneurs du port d’Abidjan.
To create a world class supply chain, SA logistics industry needs better and faster KYC, says SearchWorks
Although KYC is a priority for most businesses, conducting manual checks is onerous, time-consuming, and open to human error and oversight.
Woolpert expands partnership with Google to support Google Maps platform in Europe, Middle East and Africa
Woolpert announced it is expanding its partnership with Google to provide Google Maps Platform services in Europe, Middle East and Africa.
J&T Express launches in Egypt to accelerate e-Commerce across the MENA region
J&T Express (J&T), an international express logistics company, announced it has officially launched its network in Egypt, another major step in J&T's expansion in the Middle East North Africa (MENA) region.
Egyptian digital logistics startup Khazenly raises $2.5 million in seed funding to drive product development
Proceeds will be used to develop Khazenly’s products and services, and quadruple its existing facilities. Geographical expansion will also be supported as Khazenly continues its rapid growth trajectory during 2022.
Siginon Group embraces SAP solution to boost efficiency and transparency
Fast-growing businesses need to be supported by technology platforms that support their growth and expansion while keeping tight controls over financial and other core business processes.
SOGECO, opérateur logistique de référence de la filière cotonnière en Mauritanie
Grâce à la mise en œuvre d’une synergie au sein des filiales de la Région Afrique Atlantique de Bolloré Transport & Logistics, le démarrage des opérations d’empotage du coton malien en Mauritanie a connu un véritable succès.
Bolloré Transport & Logistics Cameroun inaugure la nouvelle base logistique Hub de Kribi
Bolloré Transport & Logistics Cameroun inaugure Kribi Logistics Hub, une nouvelle base logistique de 24 000 M²
Bolloré Transport & Logistics Ghana implements a special storage solution adapted to the automotive industry
Bolloré Transport & Logistics Ghana received a total of 555 vehicles on behalf of CFAO Ghana PLC, part of the CFAO Group, at the Tema port. After leaving India, the vehicles were shipped in 2 batches before arriving at destination.
Accenture partners with Imperial Logistics to transform supply chain operations across the African continent
Accenture has announced a strategic collaboration with Imperial Logistics to deliver intelligent, customer-centric supply chain transformation across the African continent.
Uber reaches 1 billion trip milestone in Africa
The company which entered the African market less than a year ago says it has so far facilitated 1 billion trips in the continent.
[Column] Baljeet Nagi: From crisis-struck to risk-shielded supply chain management
SCM built on a cloud platform provides decision-makers with a clear overarching view of the digital thread running the full length of the supply chain.
Bolloré Transport & Logistics inaugure une nouvelle station d’empotage pour le Cacao à San-Pedro
Grâce à un investissement d’un milliard de FCFA nouvelle station d’empotage permettra également à Bolloré Transport & Logistics d’améliorer sa qualité de service, avec un potentiel d’accroissement de 30 à 50 % du volume de cacao traité à ce jour, sur cette base logistique.
Egyptian last-mile delivery firm Mylerz raises $9.6 million to expand logistics solutions in North Africa
Mylerz’s proprietary logistics management technology allows it to deliver e-commerce products to customers in city centers in as fast as same-day delivery.
[Kenya] Fargo Courier adopts SAP solution to boost business performance
The company sought a system that could fully integrate with client systems and enable improved controls.
Vuna Partners delivers on deal to acquire 80% of 4PL Group in South Africa
Vuna Partners Fund announced its acquisition of an 80% equity stake in 4PL Group Proprietary (4PL), with the remaining 20% shareholding held by the management of 4PL Group.
[Nigeria] OnePort 365 secures $5 million Seed Funding to Digitize Freight Management in Africa
Nigeria's digital freight forwarding company OnePort 365 has raised $5 million in seed funding to drive the end-to-end digitisation of freight management in Africa.
Ethiopian Airlines, others sign MoU toward Aviation MRO services
Ethiopian Airlines, UTD Aviation Solutions and the African Airlines Association have signed a tripartite MoU to work together on Maintenance, Repair, and Overhaul (MRO) services.
[Africa Tech Review] Nixon Kanali: Google joins tech giants setting up innovations hub in Kenya
Google announced plans to open its first African product development centre in Nairobi. The centre is also Google’s second major research and development investment in Africa after the company set up an AI and research centre in Ghana back in 2019.
Kribi Conteneurs Terminal awarded Green Terminal label
KCT operator of the container terminal of the Autonomous Port of Kribi, has been granted the Green Terminal label following the audit conducted by Bureau Veritas.
4PX Express partners with Jumia to expand its delivery services in Africa
E-commerce leader Jumia has partnered with Chinese global logistics company 4PX Express to help it expand its reach in Africa
[South Africa] Instant gratification drives last-mile technology advancements, Picup
With so many online options now available, it is doubtful consumers will ever return to pre-Covid19 levels.
UPS partners with Jumia to expand its logistics services in Africa
E-commerce leader Jumia has today announced a partnership giving UPS access to its last-mile logistics capabilities and infrastructure to grow its delivery services in Africa.
Bolloré cède ses actifs en Afrique à MSC
Bolloré a signé le contrat prévoyant la cession au groupe MSC de 100 % de Bolloré Africa Logistics, regroupant l’ensemble des activités de transport et logistique en Afrique, sur la base d’une valeur d’entreprise de 5,7 milliards d’euros .
Vehicle financing startup Moove partners with Swvl for EV buses across the MENAP region
Egypt’s on-demand bus-hailing company Swvl has announced a new partnership with African fintech mobility startup Moove to scale Moove’s revenue-based vehicle financing model across the MENAP region.
Kenya to host region’s first trade facilitation summit
Kenya is set to host the first trade facilitation summit in the East African region as the country seeks to increase international trade.
Ethiopian inks partnership agreement with IDIPO and Air Djibouti for sea - air transport
Ethiopian Airlines has signed a strategic partnership agreement to jointly commence sea-air multimodal transportation with International Djibouti Industrial Park Operation (IDIPO) and Air Djibouti for an expeditious transportation of goods to Africa.
FedEx Express launches direct services in Egypt to meet growing trade needs
Egypt's exports in 2021 rose to $31 billion, reaching the highest level in history.
[Africa Tech Week] Nixon Kanali: African fintechs aggressively increasing their valuation
This has been quite an interesting week in tech in Africa. The biggest news coming from Nigeria where fintech startup Flutterwave tripled its valuation to over $3 billion after raising $250 million in Series D funding
[Kenya] Sendy partners with residential minimarts in credit finance and fulfillment scheme
Kenyan logistics startup Sendy has teamed with Mini Marts to enable retail commerce at the micro level.
[Kenya] Sendy fulfillment service crosses 1,000 online sellers
Launched in November last year, Sendy fulfillment service is a digital-enabled platform that relieves online sellers of logistics difficulties while also insulating them from the high operational costs that come with logistics.