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IFC to invest in the Africa Conservation and Communities Tourism Fund (ACCT Fund)
IFC invests in the Africa Conservation and Communities Tourism Fund to Support Ecotourism, Conservation in Sub-Saharan Africa
Kenya to discard visa fees for Africa traders
President William Ruto has announced plans to remove visa requirements for African nationals travelling to Kenya for business as a first major step to remove barriers to intra-Africa trade.
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.
UNDP, Japan transfer emergency reference lab to Ghana
The United Nations Development Programme (UNDP) and the Japanese Government on Friday handed over a laboratory facility to Ghana at the Kotoka International Airport, Accra.
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.
Chargel lève 2,5 millions $ pour accélérer sa croissance au Sénégal et en Afrique
Chargel mobilise 2,5 millions $ des ressources supplémentaires pour renforcer son portefeuille clients et étendre sa présence au Sénégal.
Le Sénégal a reçu le fonds pour le développement du port de Dakar et de Ndayane.
MIGA guarantee allows Senegalese government to increase interest in current operator of container terminals at the port of Dakar and future port of Ndayane.
[Nigeria] Shuttlers raises $4m to expand its shared mobility solution across Nigeria
Shuttlers, a Nigerian shared mobility company that allows individual and corporate passengers to take rides on multiple bus routes via an app, has raised $4 million in a new funding round led by Verod-Kepple Africa Ventures.
EU Extends Ksh 50 billion to Kenya for Electrification of BRT
To boost the BRT dream, Kenya has received hed a Ksh50 billion ($378 million) financing from the European Union.
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).
Uber selects Oracle cloud infrastructure
Oracle and Uber Technologies, Inc., has announced a seven-year strategic cloud partnership to accelerate Uber’s innovation, help deliver new products to market, and drive increased profitability.
[Interview] Joel Daniel, Founder, Solutions Platforms, Nigeria
Joel Daniel is the founder of Solutions Platforms, a company that grooms young people to succeed and have global relevance by leveraging its various programs designed to foster international education.
La BDEAC octroie un financement à la compagnie AFRIJET BUSINESS SERVICES pour se développer davantage
BDEAC, BGFIBank Gabon et le transport aérien AFRIJET BUSINESS SERVICES (ABS), ont procédé à la signature d’une convention de prêt destinée à soutenir le projet de développement de ladite compagnie.
[Interview] Jesse Onomiwo, Co-founder, Autosparkle, Nigeria
Autosparkle is part of Riltouche and Sparkles, a company dedicated to building the largest chain of the most eco-friendly cleaning solutions out of Africa through its specialisations in car care, aircraft, boats, homes, offices and cities.
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
[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.
[Nigeria Business Week] Andrea Ayemoba: Gas price triggers ripple effect across industries
Nigeria’s inflation as of the month of May stood at 17.71%, but economists are now predicting just a month later a new figure we can expect at the end of this year.
[Nigeria Business Week] Andrea Ayemoba: Nigeria scores big in budget transparency
The infrastructure of Nigeria is such that for meaningful progress to be made, there must be give-and-take on the parts of the government and the people.
[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.
[East Africa Business Week] Bob Koigi: Region bets on $91.5 million budget to drive economic integration
This week, the East African Community has tabled before the East African Legislative Assembly (EALA) the budget estimates for the 2022/2023 Financial Year totaling $91.5 million.
[Nigeria Business Week] Andrea Ayemoba: An economic overview for Q1
As we have seen over time, when one sectors hits a low point, another is seen hitting high notes. Such is the situation as we’ve seen it lately.
[Nigeria Business Week] Andrea Ayemoba: Domestic savings, capital formation meet infrastructure demands
The Federal Government is taking huge strides to strengthen the infrastructure and agriculture industries in Nigeria.
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
[Nigeria Business Week] Andrea Ayemoba: Economic conditions returning to pre-pandemic levels
The startup movement has picked up pace in Nigeria over the last decade, with the government and responsible agencies ramping up efforts in motivating the burgeoning industry.
[Column] Linda Weaver: Bias-driven travel bans are an ineffective response to variants
While most countries have lifted the restrictions, the ripple effects will continue to be felt for months to come.
[Nigeria Business Week] Andrea Ayemoba: Come dry season, food production and supply chain gain emphasis
As we have established time and again, fertile lands and an able, skilled workforce are a vital combination for a thriving agricultural sector.
[Nigeria Business Week] Andrea Ayemoba: A 5G promise looms, global trade predictions show winning numbers
Nigeria’s tactic is one of sharpening the sectors that have shown promise (such as technology, agriculture and banking) while throwing resources at those that have been in a work-in-progress mode for years.
[Rwanda] Delivery drones: Why Zipline is switching to 24/7 operations
Hospitals in Rwanda will now receive much needed medical supplies and personal protective equipment from drone firm Zipline on a 24-hour basis.
Looming cash crisis threatens airlines, IATA
The International Air Transport Association (IATA) warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute), despite the restart of operations.
Most commodity prices to drop in 2020 as COVID-19 depresses demand, disrupts supply, World Bank
The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook.
Transport sector hit hard but has key role in COVID-19 management, COMESA
Road and air transport have borne the brunt of the Coronavirus impact as countries put stringent measures to stop the spread of the pandemic.
Treepz launches in Kenya as it continues its African expansion plan
The award-winning African Mobility Startup, Treepz has announced the successful launch of Treepz Kenya following strategic investment deals to raise additional $1.2m over the last 12 months.
East African Community secures $1.4 million for feasibility study of key road project
The East African Community (EAC) has secured $1.4 million for a feasibility study on a key section of the Northern Transport Corridor linking the Republic of Kenya and the Republic of Uganda.
Une subvention de la SEFA pour favoriser le passage à la mobilité électrique en Afrique
Le Fonds pour l'Energie Durable en Afrique (SEFA) du Groupe de la Banque Africaine de Développement fournira une subvention d'assistance technique de 1 million de dollars à la Facilité pour la Mobilité Verte en Afrique (FMV).
CampX by Volvo Group opens new Incubator track for startups to accelerate sustainable mobility innovations
More than 50 startups have developed their ideas at CampX, the global collaboration hub for innovations by Volvo Group.
Ethiopian set to launch passenger service to Copenhagen, Denmark
Ethiopian Airlines is set to launch a new passenger flight to Copenhagen, Denmark effective 22nd May 2023. The new flight will be operated five times a week except on Tuesdays and Sundays.
Dalia Hospitality, Nouvel investisseur pour l’hospitality en Afrique
Création en Côte d’Ivoire de Dalia Hospitality, premier fonds d’investissement dédié au secteur du tourisme en Afrique et en Europe.
Sustainable mobility startup eWAKA receives 500,000 CHF loan to accelerate growth
Given the transportation sector is the second highest contributor to greenhouse gas emissions, the urban logistics sector in Africa and across the globe urgently needs to adopt new technologies and business models to fight climate change, which disproportionately affects African countries.
FMO provides funding for motorcycle financing in Kenya and Uganda
Dutch development finance institution MO has provided a $15 million and $5 million senior term loan to Wat Credit Kenya and Wat Credit Uganda, respectively.
Mastercard and Ubirider partner to provide mobility-as-a-service solutions for transit operators globally
Through this partnership, Mastercard and Ubirider will look to expand on the early success of the products in Portugal to simplify access and payments for mobility services.
IMS Boda Boda and Lami Technologies partner to digitize access to coverage
Boda Boda riders to benefit from affordable insurance as IMS Boda Boda and Lami Technologies partner to digitize access to coverage.
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.
Clickatell launched chat commerce solutions for travel industry
Clickatell, the Chat Commerce and business messaging leader announced new updates to its Chat Commerce Platform for travel brands to provide exceptional customer service in messaging channels during travelers’ entire journeys.
Ventures Platform to invest in Chargel for digitising Africa’s Freight Network
Ventures Platform announced a partnership with Chargel on their mission to make freight more efficient and help businesses move goods around Africa more easily and affordably.
[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.
[South Africa] Mobility solutions provider Zeda limited lists on the Johannesburg Stock Exchange
Zeda, which has long-term license agreements to operate the leading car rental brands Avis and Budget, listed on the JSE as the only company providing tailored short-, medium- and long-term car rental and vehicle fleet leasing services from within one service provider.
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
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.
[Kenya] Electric taxi company NopeaRide has shut down
NopeaRide, the first fully-electric taxi company that has been in operation since 2018 is folding up its business in Kenya, after failing to raise additional funding to keep it afloat.
Côte d’Ivoire Terminal lance officiellement les activités du nouveau terminal à conteneurs du port d’Abidjan
Côte d’Ivoire Terminal a procédé au démarrage effectif des activités commerciales du nouveau terminal à conteneurs du port d’Abidjan, avec l’accueil du navire CMA CGM ROSSINI, d’une longueur de 267 m, de 40 m de largeur et d’une capacité de 5770 Conteneurs EPV.
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.
MIGA further supports Kenya roads modernization with new investment
The Multilateral Investment Guarantee Agency of the World Bank Group (MIGA) has guaranteed an equity investment by an additional investor to help upgrade Kenya’s national roads network.
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.
Mobility startup BasiGo secures $6.6m funding to accelerate electric bus uptake in Kenya
BasiGo, the first company to introduce electric buses into Kenya, has announced $6.6 million in new funding led by Mobility54, the corporate venture capital arm of Toyota Tsusho; Trucks VC, a transportation-focused venture capital fund in Silicon Valley.
Yassir lève 150 millions de dollars en financement de série B pour son expension en Afrique
Yassir lève 150 millions de dollars en financement de série B pour consolider sa croissance régionale et son expansion en Afrique et dans le monde.
Prêt de 247 millions $ de la France pour le projet du métro d’Abidjan
Avec un tracé de 37,4 km, 18 stations, 21 ponts-rails et routes et un pont viaduc, le métro d’Abidjan devrait permettre de transporter 540 000 passagers par jour et de générer 2 000 emplois.
MAX launched its services in Ghana
MAX, a leading mobility and technology company, has announced its entry into the Ghanaian market with the appointment of David Hoyme as Director of International Growth and Expansion.
Stellantis investit dans Africar Group pour créer Auto24
Stellantis investit dans Africar Group pour créer Auto24, Une start up dédiée au commerce de véhicules d’occasion
Yango lance une plateforme internationale d'enseignement en ligne au Cameroun
Yango apportera bientôt dans le pays le projet international d'enseignement des technologies de l'information Practicum, qui aide déjà des milliers de personnes dans le monde entier au développement de l’accès au numérique.
Radisson Group pose la première pierre d’un complexe hôtelier à Yaoundé
Le groupe hôtelier international Radisson Blu a posé la première pierre de son complexe hôtelier à 56,5 millions $ à Yaoundé, la capitale du Cameroun.
Moove has raised £15 million from Emso Asset Management to scale it's UK fleet
Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing it has raised £15 million in debt financing from Emso Asset Management
Inauguration de la logistique aérienne d'Afrique de l'Ouest
Bolloré Transport & Logistics inaugure la phase 2 d'Aérohub, avec la mise en service de la plus grande base logistique aérienne d'Afrique de l'Ouest
Africa50 annonce un accord pour investir dans le Groupe Holged
L'investissement d'Africa50 dans le groupe Holged, l'un des principaux acteurs de l'enseignement primaire et secondaire au Maroc et en Tunisie, viendra soutenir l'expansion du réseau d'écoles Holged à travers l'Afrique.
Ouverture du premier magasin Winpart by CFAO en République démocratique du Congo
La RDC rejoint ainsi le réseau Winpart by CFAO dédié à la vente de pièces détachées et produits à un prix abordable pour l’entretien et la réparation de véhicules multimarques.
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.
Bridge Taxi Finance to roll out free Wi-Fi to the taxi industry
Bridge Taxi Finance, a leading provider of affordable credit facilities to South African entrepreneurs in the minibus taxi industry is partnering with Old Mutual Limited, a pan-African investment, savings, insurance, and banking group, to provide Wi-Fi to the South African population that uses minibus taxis as a mode of transport.
Nigerian mobility fintech Moove raises £15 million financing facility to scale UK operations
Moove launched in London in August with a 100% EV rent-to-buy model that provides access to brand-new, zero-emissions vehicles to mobility entrepreneurs for a flat weekly fee.
Tugende closes pre-Series B funding raising a total USD 10 million arranged by Verdant Capital
Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking.
Purple Elephant Ventures lève 1 million $ pour créer de nouvelles start-up africaines
Le studio de capital-risque Purple Elephant Ventures lève 1 million $ pour créer de nouvelles start-up africaines.
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).
DFC approved 62 new transactions worth more than $2.3 billion for this quarter
U.S. International Development Finance Corporation (DFC) approved 62 new transactions this quarter totaling more than $2.3 billion of investment to help solve some of the world’s greatest development challenges.
IATA and ITC join forces for cross-border trade
Through the agreement, ITC and IATA will cross-link their information offerings, including data, to expand access to strategic information for trade and cargo professionals.
[Kenya] UN Economic Commission for Africa inaugurates LAPPSET Business Council
The UN Economic Commission for Africa (ECA) recently spearheaded the establishment of the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) Business Council to facilitate the participation of the private sector in the implementation of the corridor programme.
Upstream mergers and acquisitions hit record level in 2022
Merger and acquisition (M&A) deals across Africa’s oil and gas upstream sector in 2022 have reached a new record with $21 billion worth of deals having being announced in the past nine months, following a decline since the onset of the COVID-19 pandemic in 2020, according to a new study released by market intelligence company, Rystad Energy.
Africa Co-Guarantee Platform partners reaffirm commitment to catalyzing trade and investment
Amid rising urgency for instruments to de-risk investment across Africa, the Africa Co-Guarantee Platform’s (CGP) six partners have affirmed commitments to better leverage guarantee and insurance products, resulting in more trade and investment across Africa.
La startup d’e-mobilité M Auto "devient la plus grande entreprise de véhicules électriques en Afrique"
M Auto est une alternative à moindre coût aux véhicules thermiques qui est à la fois plus accessible grâce au modèle "pay as you go" ou "rent to own" (louer pour devenir propriétaire) et moins cher à long terme qu'une moto thermique
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.
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.
African Development Bank provides €28m for development of road networks in Senegal
The African Development Bank Group has approved a €28.88 million loan for improvements to the road and transport network linking six Senegalese municipalities.
Les véhicules électriques débarquent dans le transport en commun au Cameroun
Baptisés « Greenrides », ces véhicules disposant d’une batterie rechargeable sur une borne alimentée à l’énergie solaire, et jouissant d’une autonomie de 250 km une fois chargés à 100%, font essentiellement des courses, dont le prix est identique à celui de la course à bord de véhicules ordinaires, apprend-on.
BAD accorde près de 29 millions d’euros pour développer le réseau routier au Sénégal
Le Conseil d’administration du Groupe de la Banque africaine de développement, a donné son feu vert à un prêt de 28,88 millions d’euros au Sénégal, pour améliorer le réseau routier et les transports dans six communes du pays.
Sitarail réceptionne nouvelle bourreuse pour la maintenance de la voie ferrée entre Côte d’Ivoire et Burkina Faso
SITARAIL a réceptionné au port d’Abidjan une nouvelle bourreuse – niveleuse – dresseuse d’une valeur de 2 milliards de FCFA (plus de 3 millions d’euros), destinée à l’entretien et à la maintenance du chemin de fer entre la Côte d’Ivoire et le Burkina Faso.
EBRD and donors support electric transport provider in Egypt
The EBRD and donors are enabling Abou Ghaly Motors (AGM), a leading transport provider in Egypt, to purchase 250 range-extended electric vehicles (REEVs) for its taxi services, in a boost for the development of the country’s e-mobility sector.
SafariBus card, a new transport payment card in Kigali
Designed and developed by Centrika, a Rwandan fintech and software development company, the smart card dubbed SafariBus has for months been piloted in Musanze District and launched countrywide.
RUBiS Energy launched ULTRA TEC advanced fuel technology
RUBiS Energy Rwanda has launched UltraTec advanced fuel technology, an additivized fuel that contains high-performance additives that increase power and fuel economy at no extra cost.
Digital marketplace platform IAA expands its service footprint to Mexico and Nigeria
IAA, a global digital marketplace connecting vehicle buyers and sellers, announced it has expanded its service footprint of IAA Transport to include Mexico and Nigeria.
Uber launches a suite of new product and safety features across Sub-Saharan Africa
The launch, which took place simultaneously across various locations in Sub-Saharan Africa (SSA), also showcased Audio Recording, the latest addition to its suite of safety features.
Yango signe un accord stratégique avec la startup de mobilité Bee Group
Yango Cameroun a révélé un nouvel arrangement avec la jeune entreprise de mobilité Bee Group dans le but de transformer le secteur du transport dans le pays.
[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.
[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.
EBRD invests €19.2m in first green infrastructure bond in Morocco
The European Bank for Reconstruction and Development (EBRD) is investing €19.2 million in a certified green bond issue of €95 million by the Office National des Chemins de Fer du Maroc (ONCF).
East Africa Heads of State officially launch the Arusha Bypass Road
EAC launched the Arusha Bypass Road, during the EAC Heads of State summit, the 42.4 km bypass seeks to decongest traffic in the towns of Arusha and Moshi and to promote intra-regional trade.
FSD Africa and CDG Capital support Africa’s first corporate clean mobility green bond
Africa’s first corporate clean mobility bond has been launched by Morocco’s national railway operator (ONCF). FSD Africa provided technical assistance for the green certification process of this bond.
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.
WFP and partners bring first-of-its-kind transport training centre to West Africa
The United Nations World Food Programme (WFP) is partnering with global corporations to build a world-class Transport Training Centre in Accra, Ghana, aimed at enhancing transport and logistics capacities across West Africa.
L’usine Bontaz Tunisie choisie par Volkswagen pour un projet révolutionnaire
Volkswagen, la marque de voiture représentée par Ennakl Automobiles en Tunisie, a choisi l’usine Bontaz pour son prochain projet.
DHL express delivers chimpanzees to their new home in Liberia
DHL Express Sub Saharan Africa (SSA) partnered with Liberia Chimpanzee Rescue & Protection (LCRP) to safely transport four vulnerable chimpanzees from Guinea-Bissau to Liberia.
Travel and tourism jobs in Nigeria to double over the next decade, WTTC
The World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in Nigeria is expected to create 2.6 million new jobs over the next decade, doubling the number of those employed within the sector by 2032.