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.
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.
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.
[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.
[Africa Business Communities Forum] How are the 2023 elections affecting businesses in Nigeria?
With the end of the first quarter here, Africa Business Communities talks with business owners and CEOs in Nigeria on the effect this year's elections is having on the economy at large.
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).
[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.
[Interview] Gbolahan Tobi Ayediran, MD, Suit-U Travels, Nigeria
Gbolahan Tobi Ayediran is a Nigerian entrepreneur and the founder of an NGO dedicated to creating support and opportunities for widows and orphans, while running an agency for travel and tourism.
[Nigeria Business Week] Andrea Ayemoba: Digitization on all fronts, tech takes the lead
There is an obvious, increasing amount of technology awareness, and appeals for more extensive technology trainings in Nigeria.
[Nigeria Business Week] Andrea Ayemoba: Investments take priority over all
With global inflation spiraling out of control, every country is working harder than ever to welcome new enterprise and business. Nigeria made great progress in this in recent months.
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: Nigeria battles odds to maintain productive economy
According to the International Monetary Fund, Nigeria is being pushed to the brink by inflation. Banks however, one of the pillars of the economy, have remained in good standing.
[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.
The 8 tourism sectors and how they are excellently covered on Kenyan Safaris
Looking at how a country scores in relation to its tourism sectors helps you to allay misconceptions and make more informed choices.
[Nigeria Business Week] Andrea Ayemoba: Digitization set to penetrate capital market, investment
Given the economic situation spreading across the globe in the last couple of years, it is with some optimism we can take the modest increase in Nigeria’s GDP.
[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: Telcos break new ground, digital loans gain momentum
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
[Nigeria Business Week] Andrea Ayemoba: Crude industry facts underlining the Nigerian economy
The Nigerian stock market indicators have shown lately a typical pattern in stock markets – investors stay loyal to the resilient stocks.
[Nigeria Business Week] Andrea Ayemoba: Experts point toward startup management for local productivity
Nigeria’s crown jewel, oil and gas, has been in a state of mild disrepair for several months now. There’s an ongoing fuel scarcity situation that is intensifying by the day and causing a ripple effect in every aspect of daily life.
[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.
[Interview] BIBOUM Kléber, Founder and CEO, GO AFRICA Business Sarl, Cameroon
BIBOUM Kléber is the current CEO and founder of GO AFRICA Business Sarl created in 2020, with a specialization in the development of the tourism industry in Cameroon.
[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.
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.
[Interview] James Hunt, Vice President, Creative & Marketing Lead, CNN International Commercial
CNN International Commercial Vice President and Marketing Lead James Hunt discusses strategies the company has put in place while working with brands to remobilize as they adapt to the new world order.
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.
[Column] Tabassum Qadir: South African Airways ship is sinking, but there is a life raft
The South African Communist Party (SACP) has called for workers' rights to be fully protected while at the same time pursuing the turnaround of SAA.
[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.
[Column] Anne Wambui Gaitha: African Trade Agreement key to Financial Services, Logistics, Tourism industries
I believe that the African Continental Free Trade Agreement (AfCFTA) is a game changer in international trade and will be an amazing opportunity for African brands.
[Interview] David Kimani, Founder, Vacay Holiday Deals, Kenya
Kenyan entrepreneur, David Kimani, is providing the unique service of vacations and holiday trips on credit - to be paid for at later dates - with his company, Vacay Holiday Deals.
[Interview] René Stegmann, Director, Relocation Africa
René Stegmann is a South African entrepreneur experienced in the Mobility, Research and Immigration industries, and is currently the Director of Relocation Africa.
[Column] Josephine Wawira: The potential of proper tourism infrastructure for destinations growth
Kenya is set to become one of the top five fastest-growing economies in Sub-Saharan Africa, with a projected rebound in GDP growth to 6% in 2018 and 7% by 2019 according to a Jumia hospitality report.
[Nigeria Business Week] Industries' growth encourage investments
At first glance, one cannot help but notice that Nigeria is prime ground for investment. Any doubts as to that fact are dissolved when you examine the sheer number of startups being funded, especially in the ICT sector.
[Interview] Max Donzella, Director and First Expert Advisor, VIP Business Immigration, Canada
Max Donzella is Director of VIP Business Immigration, a firm that consults on and manages investor immigrant programs into Quebec, Canada. The immigration program is currently open all African countries.
[Column] Bob Koigi: To remain globally competitive, Africa tourism must fully train eyes on tech
Seven out of every ten holiday bookings globally are done online in what points to the unrivaled space of tech in modern day tourism.
African cities must adopt holistic approach to tourism growth, Mastercard Global Destinations Cities Index
Tourism has been a catalyst for economic growth in Africa. The sector is especially important now when governments are seeking out ways to drive diversification as part of their growth strategies.
[Column] Logan Fransman: Transportation and Logistics essential to achieving NDP 5 goals of Namibia
As Director of Namibian German Centre for Logistics (NGCL) here in Namibia, I am tasked with promoting and highlighting the Importance of our sector.
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
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.
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).
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.
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.
Spotcovery, serving as a bridge between African Americans and Africans, launches optimization tool on site
Spotcovery, the innovative media platform that connects descendants of the African continent while promoting culture, creativity, entrepreneurship and economic growth, has launched the Slickstream optimization tool on its website.
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.
Travelers are increasingly looking for sustainable travel options, report
A major new report by World Travel & Tourism Council (WTTC) and Trip.com Group, together with Deloitte, reveals a heightened appetite for sustainable tourism amongst consumers, with 69% of travellers actively seeking sustainable travel options.
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.
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.
Radisson Hotel Group opens first Zambian resort near Victoria Falls
Radisson Hotel Group to announce the opening of Radisson Blu Mosi-oa-Tunya Livingstone Resort, Zambia and is a key step towards its goal of reaching 150 hotels in operation and under development in Africa by 2025.
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.
Clickatell launches chat commerce solutions for travel industry
Added benefits of the Platform include reduced costs for businesses to conduct chat conversations and engagement in real-time or any time communications.
1&1 and Orange conclude agreement on worldwide international roaming
1&1 and Orange have concluded a long-term agreement for the provision of international roaming services for the 1&1 mobile network.
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.
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.
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.
12e édition du Prix Orange de l’entrepreneur social MEA
iRole!, Kamioun, Biomass4GLC, LifeBlood et Abana remportent la 12e édition du Prix Orange de l’entrepreneur social MEA
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
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.
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.
87 per cent of consumers prefer to use mobile messaging to communicate with travel companies, report
Gen Z, Millennials and Gen X also all place mobile messaging as their top method of communication with travel brands, showcasing that younger generations are the most inclined to interact with brands via mobile.
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
Sabre announces new alliance with SABRON Tech to grow foothold in East Africa
The relationship combines SABRON's strong market knowledge with Sabre's innovative technology.
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.
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.
Mastercard announces deal with Kenya Tourism Board to help boost tourism
The aim of the MoU is to drive growth of tourism numbers into Kenya by leveraging various Mastercard channels, including its Priceless.com platform.
CellPoint Digital partners with Radisson Hotel Group
Radisson Hotel Group will now use CellPoint Digital’s full payment orchestration platform to seamlessly integrate new payment methods, new acquirers and stored card facilities.
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.
Radisson Hotel Group expands its Moroccan portfolio with a new resort in the “Blue Pearl” region
Radisson Hotel Group announced the opening of its fifth hotel in Morocco, and its second Radisson Blu Resort in Saidia.
Radisson Hotel Group surpasses half-year growth target in Africa
Radisson Hotel Group surpasses half-year growth target in Africa with exciting new openings and market entries across both business and leisure destinations
Enabling over 5,000 African businesses to trade in the Africa Continental Free Trade Area
ITC’s partnership with Afreximbank supports innovative, green finance solutions, strengthens Africa’s creative economy through tailored trainings – with 5,000 small businesses skilled so far – and promotes African business opportunities within the Caribbean region.
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.
Qatar Airways partners with Airlink to enhance connectivity across Southern Africa
Qatar Airways and Airlink signed a comprehensive codeshare agreement to offer travellers more choices, enhanced services and greater connectivity between 45 destinations in 13 countries across southern Africa and the rest of the world.
Mastercard expands travel suite
Mastercard Travel & Lifestyle Services is a travel planning and booking gateway, granting World and World Elite cardholders access to exclusive guarantees, amenities and upgrades, 24/7 concierge and premium offers and entertainment from top travel brands.
South African Airways appoints Discover the World as its general sales agent in the UK
South African Airways (SAA), the national carrier of South Africa, has appointed Discover the World, a global player in tourism and airline representation, as its general sales agent (GSA) in the United Kingdom (UK).
[Mastercard Economics Institute] Pent-up demand drives global leisure and business flight bookings
After a turbulent two years, new research from the Mastercard Economics Institute reveals that global leisure and business flight bookings have surpassed pre-pandemic levels, while spending on cruise lines, buses and trains saw sharp improvements this year.
Global travel insurance market to reach $119 billion by 2030, report
The growth of the global travel insurance market is driven by factors such as rising tourism demands post the pandemic are boosting the growth of the travel insurance market.
Radisson Hotel Group opens its 14th South African hotel in Durban
Radisson Hotel Group is proud to announce its entry into its fourth South African city, Durban, with the opening of Radisson Blu Hotel, Durban Umhlanga.
South Africa's Comair suspends flights pending receipt of funding
South African airline Comair announced it is obliged to suspend all British Airways and kulula.com flights, pending successfully securing additional funding.
Ethiopian launches new flight connecting Lomé with Washington DC
thiopian Airlines, Africa’s leading carrier, commenced thrice-weekly passenger service to Washington DC via Lomé, Togo as of 01 June 2022.
Forum sur l'investissement en Afrique présente de grands projets
Dans le contexte des assemblées annuelles de la BAD de cette année, le projet d'autoroute Abidjan-Lagos, d'un montant de 15,6 milliards de dollars, mené par la Commission de la Communauté économique des États de l'Afrique de l'Ouest (CEDEAO), a occupé le devant de la scène.
Africa Investment Forum showcases major projects
Within the context of this year’s AfDB Annual Meetings, the $15.6 billion Abidjan-Lagos Highway project, led by the Economic Community of West African States (ECOWAS) Commission took centre stage.
Mastercard and Musafir partner to boost seamless travel bookings through innovative solutions
As recovery of the travel industry picks up steam, payments technology company Mastercard and travel website Musafir have partnered to take travel bookings originating in the Middle East and North Africa, to new heights
Emirates reaffirms partnership with Mauritius to promote the tourism sector
Emirates signed a Memorandum of Understanding (MoU) with Mauritius Tourism Promotion Authority (MTPA), to promote tourism to Mauritius from key markets across the Emirates network
€123 million European Union backing for Belabo-Ngaoundere railway upgrade
The European Union has agreed to provide €123 million to support upgrading of the 330km Belabo – Ngaoundere railway line in Cameroon.
OPEC Fund approves $100m for operations in developing countries
The OPEC Fund for International Development (the OPEC Fund) approved $100 million in new funding to support development operations in Burundi, Nicaragua and Ghana.
World Bank provides $130.8m to upgrade road infrastructure in Uganda’s West Nile sub-region
The World Bank approved a grant of $130.8 million from IDA to ease the movement of goods and people and improve access to social services and job opportunities in the refugee hosting districts in the West Nile sub-region of Uganda.
EBRD supports infrastructure services in Morocco
The European Bank for Reconstruction and Development (EBRD) is supporting the delivery of vital infrastructure services in Morocco with a €300 million financing package to state-owned utility and transport companies.
EBRD loans $12m to Al Dau Al Haram to support tourism sector in Egypt
The European Bank for Reconstruction and Development (EBRD) is breaking fresh ground with a $12 million loan to Al Dau Al Haram for Hotel Operations for the regeneration of a brownfield site into a Hyatt Regency hotel in Egypt.
EIB, Arab Republic of Egypt partner to support urban transport in Alexandria and Cairo
The European Investment Bank (EIB) and the Arab Republic of Egypt signed a €1.128 billion agreement to support investments in the rehabilitation and expansion of metro and tram systems in Alexandria and Cairo.
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.
Ethiopian, UTD Aviation Solutions and AFRAA sign MoU to re-establish African aviation renaissance in MRO services
Ethiopian Airlines MRO, UTD Aviation Solutions and the African Airlines Association (AFRAA), signed a tripartite MoU to work together on Maintenance, Repair, and Overhaul (MRO) services in pursuance to the The Brown Condor Initiative (BCI).
Uber suspends operations in Tanzania
Uber has suspended its operations in Tanzania, citing a tough regulatory environment that has made it difficult for the ride-hailing company to continue running in the East African country.
[Column] Justin Manson: How fleet managers can keep their trucks and cargo safe on SA roads
Geofencing allows them to do this by providing a location-based service that defines a virtual perimeter via GPS.
Radisson Individuals debuts in Ghana
Radisson Hotel Group has announced its first Radisson Individuals property in Ghana in partnership with Belfast City Management.