tagresults
Swiss-Belhotel International signs agreement for Swiss-Belresidences Rivan in Cairo, Egypt
This sealed the deal between the owning company Al Tameer Al Arabia for Real Estate Development and Investment Sae and Swiss-Belhotel International.
ECOWAS and TradeMark Africa partner to boost trade efficiency in West Africa
The collaborative agreement aims to enhance the use of digital technologies to improve trade efficiency, reduce trade barriers at border crossings, and foster a conducive environment for business operations throughout the region.
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.
COMESA and Malawi sign €900,000 agreement to construct cross border market
The SSCBTI supports the provision of gender sensitive basic infrastructure for use by small scale cross border traders.
Kenya’s Vivo Fashion Group launches its first American-based store in Atlanta
Vivo’s goal is to support, inspire and drive positive change within the African fashion ecosystem, and to share African talent, creativity, and products across the continent, as well with the rest of the world.
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.
[Tanzania] TradeMark Africa and Foundation for Civil Society launch a TZS 2.3 billion project to promote inclusive trade in Tanzania
Funded by the Foreign, Commonwealth & Development Office (FCDO), Ireland, and Norway, the TZS 2.3billion ($ 900,000), the project seeks to integrate the strengths of private sectors and civil society organisations to promote green economic growth.
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
Kenya to host flower buyers from 75 countries for the 11th edition of International Flower Trade Exhibition
Nairobi is set to host the global flower trade fraternity for the 11th edition of the International Flower Trade Exhibition (IFTEX) from June 4-6 2024, as Kenya stamps its growing dominance in the sector.
The Kenya Revenue Authority and the UK partner to streamline customs valuation process
The Kenya Revenue Authority and the United Kingdom (UK) have partnered to streamline the Customs valuation process to make it more efficient, transparent, consistent, and predictable.
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.
Malawi ratifies the Tripartite Free Trade Agreement
Malawi has ratified the Tripartite Free Trade Agreement, bringing the total number of state that have done so to 12. Now, only two are remaining to reach the requisite threshold of 14 to enable the agreement to enter into force.
Dubai-based citizenship firm Imperial Citizenship expands to Lagos, targets Africa’s growing wealth
This strategic move positions Imperial Citizenship to capitalize on the continent's growing population of high net worth individuals (HNWIs) seeking international investment and mobility options.
COMESA begins implementing trade remedies regulations to tame unfair practices
The Regulations were adopted way back in 2000, but their application has largely been concentrated in the enforcement of the Safeguard Measures.
Ethiopian Airlines launches a new service to Warsaw, Poland
The new route, ET 764 from Addis Ababa to Warsaw via Athens, will operate on Mondays, Wednesdays, Fridays, and Sundays. Return flight ET 765 from Warsaw to Addis Ababa via Athens will on Mondays, Tuesdays, Thursdays, and Saturdays.
Global asset manager Rohatyn Group sells South Africa-based Portfolio Company BevCo to Varun Beverages
The company operates five manufacturing facilities across South Africa with an installed capacity of 3,600 bottles per minute
[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.
Kenya Airways launches direct flights to Maputo, Mozambique
The expansion takes flight from 14th June 2024, further solidifying KQ's commitment to strengthening its network and offering seamless travel experiences across the continent.
Global merchandising firm SPAR Group announces sale of interest in South Africa
These transactions have been approved by the SPAR Board of Directors and are expected to close in the second quarter.
Nakonde Border Post upgrade boosts trade between Zambia and Tanzania
Funded by the UK government, the ZMK 197 million (£7.1 million) project will improve the flow of goods and people along the Dar es Salaam Corridor, promising to streamline operations and reduce cargo clearance times by more than 100% on both sides of the border.
East Africa Marine Transport inaugure son premier navire sur le lac Victoria
Après 21 mois de construction, East Africa Marine Transport (EAMT) a inauguré son premier navire sur le lac Victoria.
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.
JW Marriott unveils second property in Kenya
Standing as the tallest hotel in the country with 35 stories in the Westlands commercial district, JW Marriott Hotel Nairobi captures the essence of Kenya’s natural beauty and heritage.
German manufacturer Karcher invests €3 million in the Kenyan market
This investment was made to operationalize the business into a full subsidiary, which includes a regional distribution center at the Freight Forwarders Solutions warehouse, Tatu City, the 5,000-acre mixed-use Special Economic Zone (SEZ) on Nairobi's doorstep, positioning Kenya as a hub for East Africa.
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.
TradeMark Africa launches Ghana Country Programme Oversight Committee
The Committee will play a critical role in overseeing trade and customs development programs designed to enhance trade growth and competitiveness not only within Ghana, but also along the Abidjan-Lagos Corridor.
[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.
Kenya Airways Cargo launches direct flights from Sharjah to Nairobi
To commemorate Kenya Airways Cargo's (KQ Cargo) recent route expansion to include direct cargo flights from Sharjah in the UAE.
RwandAir signs IATA’s Safety Leadership Charter
The Charter is aimed at strengthening organizational safety culture, which is an area of focus in IATA's Collaborative Aviation Safety Improvement Program (CASIP), under Focus Africa.
IBM commits $45 million towards resilient cities
IBM also announced that it would increase investment in the pro-bono social impact program by 50%.
Heineken invests R2.3bn in its returnable bottling programme in South Africa
The move, which will see the Heineken beer brand move into returnable glass, aligns to the company’s global ambition of net zero carbon by 2040 as per the Dutch Brewers’ “Brew a Better World” strategy.
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.
Kenya Airways boosts its network with increased frequencies and additional destinations
Kenya Airways (KQ) has announced plans to boost its growing network with increased frequencies to five destinations and the addition of Eldoret and Maputo to its network.
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.
Radisson Hotel Group targets 50 percent portfolio expansion in West and Central Africa by 2030
These hotel signings included new market entries into The Gambia with Radisson Blu Beach Resort & Spa, Banjul and Radisson Hotel Benin City in Nigeria.
TradeMark Africa partners with global organizations to boost international trade
With TMA funding of $4 million, IOTA developed TLIP, a system built on the distributed ledger technology providing a transparent and secure electronic exchange of trade information in international supply chains.
Lifezone Metals announces development plan for the Kabanga Nickel Project in Tanzania
The Company continues to collaborate closely with its project partner on this two-phased development plan, as well as numerous other Definitive Feasibility Study work streams.
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.
GA Telesis delivers two Boeing 737-800SF freighters to Kenya Airways
The aircraft is part of the GA Telesis owned fleet and was delivered to Kenya Airways as part of a two aircraft transaction.
Ethiopian Airlines to launch passenger services to Freetown via Ouagadougou
This new route marks yet another milestone in the airline's extensive network expansion endeavor, connecting more African countries and providing travelers with convenient and efficient travel options.
Kenya Airways and Vietnam Airlines renew codeshare agreement
The codeshare partnership will allow customers to enjoy flexibility and choice with smooth connections via Bangkok and Nairobi to points such as Johannesburg, Cape Town, Dar es Salaam, Kisumu, Entebbe, Kigali, and Mombasa, among others.
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
OPEC Fund approves over $600 million in new financing for global development
The 18 new projects reflect the OPEC Fund’s commitment to advancing sustainable social and economic development in its partner countries.
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.
OPEC Fund provides $30 million loan to improve rural transportation in Uganda
The rehabilitation of the Katine-Ochero road will provide better, faster and safer transport connections in the central-east region of the country. The project is co-financed by the Islamic Development Bank (IsDB) and the government of Uganda.
EAC experts adopt strategies to boost the region's agricultural, pharmaceutical and leather sectors
East African Community (EAC) regional experts in the agricultural, pharmaceutical, and leather sectors convened in Nairobi, Kenya, to review the progress achieved within their respective industries and to formulate recommendations aimed at enhancing growth and scaling up regional trade.
Kenya Airways partners with Air Europa to extend its reach into Europe
The new agreement will allow Air Europa passengers to fly to Nairobi from Amsterdam as well as allow Kenya Airways guests to fly to Madrid, Palma de Mallorca, New York, and Miami.
UK and Egypt sign sustainable cities and infrastructure pact
The new partnership between the UK and the Government of Egypt will boost cooperation in the development of sustainable cities and infrastructure in Egypt by establishing a joint working group that will meet twice a year in London and Cairo.
COMESA and the Indian Ocean Commission renew cooperation
The Common Market for Eastern and Southern Africa (COMESA) Secretariat and the Indian Ocean Commission (IOC) have reaffirmed their commitment to continued collaboration as they both implement regional integration programmes.
[Column] Anthony Mwangi: Export-led growth the cure to Kenya’s currency devaluation
The Kenya Association of Manufacturers (KAM) firmly believes that embracing an export-led growth strategy holds the potential to reverse the situation and mitigate against the free fall of the local currency.
[South Africa] GAC Motor and Salvador Caetano Auto sign vehicle distribution partnership
GAC Motor and Salvador Caetano Auto have come to an agreement regarding the distribution of vehicles, spare parts and services, in South Africa.
[Open Webinar, Feb 1 2024] Cross-Border Finances: Enhancing Commodity Trade Across Africa
Tailored for CFOs, this event provides strategic knowledge to navigate international markets and enhance financial outcomes in the dynamic commodities sector. Don't miss this unique opportunity for CFOs to stay ahead in global commodity trading.
[Egypt] International consortium backs Damietta Port with $455 million financing
Damietta Alliance Container Terminals is a Special Purpose Vehicle (SPV) established by Eurogate, Contship Italia, Hapag Lloyd, MELC Group and Ship & C.R.E.W to design, develop, operate and maintain the terminal under a 30-year concession.
United Manganese of Kalahari (UMK) has announced reduction in manganese production
United Manganese of Kalahari (UMK) announced that, in response to the worsening market conditions, it will reduce the production of manganese ore and concomitant to that, the sale of its ore products, for the time being.
[Open Webinar] Cross-Border Finances: Enhancing Commodity Trade Across Africa, Navigating Int'l Markets
Tailored for CFOs, this event provides strategic knowledge to navigate international markets and enhance financial outcomes in the dynamic commodities sector. Don't miss this unique opportunity for CFOs to stay ahead in global commodity trading.
[Free Webinar] For Marketing Experts, CFOs and Business Expansion Strategists
Verto, a global financial technology firm that enables businesses of all sizes to access enterprise grade cross-border payments, FX and banking solutions, has announced its first webinar for the year 2024, taking place on the 18th of January.
Rwanda and European Investment Bank agree new critical raw materials investment partnership
The agreement will strengthen technical and financial cooperation to identify critical raw material sector investment that creates skilled jobs, supports economic development, and ensure environmentally and socially responsible development of critical raw material resources.
Kenya and the European Union sign economic partnership agreement to bolster trade
The EU and Kenya have signed an Economic Partnership Agreement (EPA) to boost bilateral trade in goods, increase investment flows, and contribute to sustainable economic growth.
Heidrick & Struggles adds Executive Search Partner in South Africa
Heidrick & Struggles , a premier provider of global leadership advisory and on-demand talent solutions, added a partner to its Executive Search business in South Africa in November 2023.
[Free Webinar] Accelerating FX Success: Expansion Strategies for Marketing Agencies in Eastern, Western Africa
This event is tailored for marketing executives and CFOs looking to gain actionable insights into international expansion, building a global clientele and establishing strong online presence.
[Free Webinar] Accelerating FX Success: Expansion Strategies for Marketing Agencies in Eastern, Western Africa
This event is tailored for marketing executives and CFOs looking to gain actionable insights into international expansion, building a global clientele and establishing strong online presence.
India’s energy solutions brand Luminous Power Technologies forays into South Africa
Having established a strong foothold across the African continent in the past 15 years, this landmark partnership is a major milestone for Luminous Power Technologies as it further strengthens its foothold in the African market.
East African Community leads in share of NEPAD Infrastructure funded projects
The EAC Secretary General, Hon. (Dr.) Peter Mathuki, attributed this achievement to the comprehensive governance framework for projects management that has been put in place by the Community.
Philippines, Rwanda sign agreement to bolster bilateral cooperation
Under the MOU, the Philippines and Rwanda will collaborate in the fields of human resources development, scientific and technological exchanges, education, health, agriculture, gender, youth, environmental issues, and security.
How international conflicts shape gold market dynamics
International conflicts, ranging from geopolitical tensions to full-scale wars, have a profound impact on global financial markets, particularly on the gold market.
Marriott International and Palm Hills Developments sign agreement to open the Ritz-Carlton Cairo, Palm Hills in Egypt
Marriott International, Inc. Has announced it has signed an agreement with Palm Hills Developments to open The Ritz-Carlton Cairo, Palm Hills, signaling a commitment to strengthening its portfolio of properties across the company’s luxury brands in Egypt.
[Column] Hassan Egeh: What does it mean for Somalia to join East Africa Communities (EAC)?
Somalia was admitted into the East African Community (EAC) on Friday Novermber24, 2023 the eighth member of the bloc as it seeks to expand free trade across the region.
Tata International expands operations in Nigeria at Lagos Free Zone
The agreement was signed in the presence of Anand Sen, Managing Director of Tata International Limited, by Managing Director of Tata Africa Holdings Pty Ltd, Len Brand. This marks a significant milestone in the company's commitment to the region.
Somalia joins East African Community
It joins Kenya, Burundi, the Democratic Republic of the Congo, Rwanda, South Sudan, Uganda and Tanzania in the bloc.
SGS launches EAC-ready certification scheme for exporters to East Africa
SGS EAC-Ready certification is a voluntary certification scheme that simplifies the process for exporters entering markets in the republics of Burundi, Congo, Kenya, Rwanda, South Sudan, Tanzania and Uganda.
[Free Webinar] Unlocking Success in New Markets: Cross-Border Payments Strategies for South African Businesses
Embark on a journey through the dynamic realm of international finance with our upcoming webinar, where we unravel the intricacies of global payment strategies essential for triumph in the finance sector.
Ethiopian Airlines and Rolls-Royce sign service agreement
TotalCare is designed to provide operational certainty for customers by transferring time on wing and maintenance cost risk back to Rolls-Royce.
[EVENT] Verto FX partners with UBA Kenya to launch Verto Atlas
Join us for an exclusive event launch, as we unveil Verto Atlas, the financial powerhouse for large corporations and enterprises in Kenya, hosted by Verto on Thursday 23rd November.
[Column] Michael Muhangi: Africa’s continental integration offers opportunities for cross-border expansion
With the gradual elimination of political, economic, and regulatory barriers has come a need for financial institutions to adopt a strong trans-regional focus.
Volkswagen signs agreement with Government of Egypt for strategic co-operation viability study of shared automotive painting facility
Volkswagen and Government of Egypt have signed an agreement to work together to develop a feasibility study on a shared automotive painting facility within the East Port Said Industrial Zone in the East Port Said Automotive Zone in Cairo.
Gold in Nigeria: From ore to ornamentation
The importance of this entire process to the Nigerian economy cannot be overstated. Each step in the trade gold Nigeria chain contributes to the livelihoods of people involved and the economy as a whole.
Arab Coordination Group pledges $50 billion for African development
The Arab Coordination Group (ACG) has announced that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies in the African continent.
[Column] Bill Blackie: Exploring synergies between AGOA and AfCFTA: The case for African exports
Africa is often characterised as a continent poised for economic growth and development. Often, prosperity and development in Africa can be linked back to exports and the benefits that they generate.
Share this article
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
.png)
[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