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[South Africa] Volkswagen announces R4 billion investment in Kariega plant
The changes being made in preparation for the production of the new SUV also affords training and upskilling opportunities for Volkswagen Group Africa’s production employees.
South African used car platform WeBuyCars lists on the Johannesburg Stock Exchange
WeBuyCars, a prominent and recognised brand within the pre-owned motor vehicle market, established over 23 years ago, has listed on the Main Board of the Johannesburg Stock Exchange (JSE) under the share code "WBC."
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.
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.
[South Africa] Volkswagen Group Africa unveils R20 million airbag deployment centre
The new facility will boost the plant’s airbag testing capacity to 150% of its previous output.
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
Toyota to open a vehicle manufacturing plant in Kenya
The agreement will see Toyota set up a vehicle manufacturing plant in the country. The company has committed an initial investment of Kshs 800 million in the Kenya Thika vehicle manufacturers.
[Kenya] KAM, Unilever launch Business Growth Programme to empower SMEs in manufacturing
The programme, which KAM kicked off in 2016, aims to provide manufacturing SMEs with the necessary tools, resources, and guidance to enhance their competitiveness, expand their market reach, and drive sustainable growth.
[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.
Volkswagen collaborates with DHL Express for the pilot test of ID.Buzz Cargo fleet in South Africa
The units will be utilised for specialised last-mile delivery service part of DHL’s local pilot test of its global zero emissions logistics target.
[South Africa] Western Cape Government and JSE collaborate to fund SME’s for growth
The high-growth, ready to scale SMEs have the opportunity to meet with some of South Africa’s leading funders in speed pitching sessions, offering an overview of their business growth prospects.
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.
[Kenya] Mombasa Plastics Prize unveils the start of incubator to support growth of sustainable businesses
Building on the success of the initial phase, the incubator aims to support teams from the initial phase of the project to create sustainable businesses that significantly impact the mitigation of marine plastic waste pollution in Mombasa County's informal settlements.
80 per cent of SMEs in South Africa project similar or increased revenue in 2023, Mastercard SME Confidence Index
From surviving to thriving in the post-COVID world, small and medium enterprises (SMEs) in South Africa are projecting similar or increased revenues in 2023. These are the findings of the second edition of the Mastercard Eastern Europe, Middle East and Africa (EEMEA) SME Confidence Index.
80% of SMEs in South Africa project similar or increased revenue in 2023, Mastercard report
From surviving to thriving in the post-COVID world, small and medium enterprises (SMEs) in South Africa are projecting similar or increased revenues in 2023.
[Interview] Yvonne Nelson, Actress and Entrepreneur, Ghana
Yvonne Nelson is a renowned Ghanaian actress and producer who has led a life filled with significant moments that illuminate her remarkable characteristics as a human being. Africa Business Communities interviews with her.
Mastercard partners with Alerzo to digitize SMEs in the Nigerian FMCG space
This partnership aims to empower businesses by offering digital payment solutions, financial training, and access to credit, ultimately leading to increased sustainability and success in the market.
Eurorepar enters the South African automotive spare parts industry
The launch of Eurorepar comes with the backing of Stellantis. From a network that stretches across 40 countries, Eurorepar is synonymous with diversity, offering an impressive array of more than 15 000 part numbers.
Stellantis invests ZAR 3 billion in a greenfield manufacturing facility in South Africa
The manufacturing plant will be built in the South African Special Economic Zone (SEZ) in Coega situated near Gqeberha in the Eastern Cape province of South Africa.
[Chronique]Frida Frans: L'impact des coups d'État sur les accords de commerce et la stabilité économique en Afrique de l'Ouest
La récente série de coups d'État en Afrique de l'Ouest a entraîné des bouleversements politiques dans la région. Ces coups d'État survenus au Mali, en Guinée, au Burkina Faso et au Niger se caractérisent par des changements soudains et souvent violents à la tête du pays.
Ford and Salvador Caetano appoint Motorcare as the official Ford distributor in Uganda
Motorcare Uganda and its cumulated experience, strong market knowledge and commitment to service excellence will provide Ford customers in Uganda with the highest standards of Ford products, services, and support.
Volkswagen signs deal with Government of Rwanda to establish a modern farm with electric tractors
As part of the MoU, the Government of Rwanda has agreed to provide land in Gashora (Bugesera District) for the project, as well as to assist with permitting and licensing requirements of the project.
ITC, African Union Commission partner to empower small businesses unlock intra-African trade
Together, the organizations will foster inclusive trade in Africa by incorporating small enterprises into the regional economy, and promote the sharing of trade information and market intelligence across Africa through the African Trade Observatory (ATO).
Growth and stability are key priorities for small businesses in Kenya, study
Financial Sector Deepening (FSD) Kenya and the Financial Access Initiative (FAI) research center of New York University, today presented the results of the Kenya Small Firm Diaries (SFD) study in Nairobi.
ExecuJet MRO Services Africa awarded authorised service centre status for Embraer
ExecuJet MRO Services has been appointed by Embraer as its authorised service centre (ASC) for business jets in Africa. The decision represents an expansion of the aircraft manufacturer’s service network in the region.
Global tyre manufacturer Goodyear seeks to expand to Zambia and DR Congo
As part of its growth strategy, Goodyear Middle East & Africa (MEA) is actively seeking the right distributor & service provider to expand its reach within Zambia and the Democratic Republic of Congo (DRC).
Nissan Africa announces new leadership structure
Nissan Africa has taken the next step towards unlocking the potential of the African market, by unveiling a new leadership structure with effect from 1 April 2023 to drive the company’s mid-term plan.
Volvo delivers the first heavy electric truck to Africa
Deployment of heavy electric trucks is now spreading across the world. With Europe and the US among the leaders, the shift to more sustainable transport is kicking off also in other parts of the world. In Africa, the first heavy electric truck is now being delivered in the city of Rabat in Morocco.
Volkswagen opens a new vehicle assembly facility in Accra, Ghana
With this move, Volkswagen also takes over the new vehicle assembly responsibility from its licensed importer in Ghana, Universal Motors Limited (UML).
[Nigeria Business Week] Andrea Ayemoba: Investors bet on fintechs, startups
The past couple of weeks have seen a flurry of activities in several sectors of the Nigerian economy. Startups are receiving increasing financial backing from VCs for the growith of SMEs.
[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.
[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.
[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
[Column] Patrick Utomi: For AfCFTA to deliver on its promise, we must address concerns of entrepreneurs
We must recognise the preponderance of micro-small and medium sized enterprise in the continent’s commercial landscape.
[East Africa Business Week] Bob Koigi: Boosting small businesses’ competitivity in the region
Small businesses are the engine of the East African economic growth, employing millions and opening up the member states to interact with each other through seamless trade.
Africa Business Communities Forum: Which African countries will perform best economically in 2022?
Africa Business Communities talked to several entrepreneurs and founders in the early months of the year, and they cast their votes on which African countries will thrive best in 2022.
Africa Business Communities Forum: Quels seront les pays Africains plus performants sur le plan économique en 2022?
Africa Business Communities s'est entretenu avec plusieurs entrepreneurs et fondateurs au cours des premiers mois de l'année, et ils ont voté pour déterminer quels pays africains seront les plus prospères en 2022.
[Column] NJ Ayuk: How Africa can capitalize on its mineral wealth to develop an electric vehicle value chain
As the entire global transportation marketplace marches toward an increasingly electrified and battery-powered future, many countries across the African continent stand at the threshold of profound economic opportunity.
[East Africa Business Week] Bob Koigi: Partnerships bolster cross-border remittances and trade
This will also accelerate financial inclusion and remove the barriers around cross-border money transfers.
African Business Roundtable, Afreximbank organize free webinar masterclass, September 28
In continuation of the series of webinars that has been ongoing throughout the year, the African Business Roundtable and the African Import Export Bank (Afreximbank) are set to hold yet another webinar on capacity building and investor preparation.
L'African Business Roundtable et Afreximbank organisent un séminaire en ligne gratuit le 28 septembre
Dans la continuité de la série de webinaires qui s'est déroulée tout au long de l'année, l'African Business Roundtable et la Banque Africaine d'Import-Export (Afreximbank) vont organiser un autre webinaire sur le renforcement des capacités et la préparation des investisseurs.
[Column] Bob Koigi: Kenya business community’s expectations of the new government
Kenya’s incoming government following the just concluded elections takes office amid ballooning public debt, chronic drought, COVID-19 effects, inflation, unemployment and the impacts of global shocks that have buffeted the nation.
[Interview] Mahad Ahmed, Fondateur, AME Trade, Royaume-Uni
Mahad Ahmed est fondateur et PDG d'Ame Trade Limited. Il est également membre de l'African Business Roundtable et un expert reconnu dans les secteurs du conseil et des services événementiels.
[Interview] Mahad Ahmed, Founder, AME Trade, United Kingdom
Mahad Ahmed is Founder and CEO of Ame Trade Limited. He is also a member of the African Business Roundtable and an an established expert in the Consulting and Events Services industries.
The African Business Roundtable Project Preparation Masterclass Free Webinar, July 27
After discussions with a variety of advisory and investment institutions, and to further attract investment to projects, the African Business Roundtable Secretariat in association with Afreximbank has designed the “Project Preparation Masterclass”.
The African Business Roundtable stays firm as Africa's private sector conduit to the world
The African Business Roundtable came into being in an era when Africa was hit by a horrendous economic climate. Between the fight for independence in many countries and the end of apartheid in South Africa, Africa’s private sector barely had any structure in the 1960s.
L'African Business Roundtable reste ferme en tant que conduit du secteur privé Africain vers le monde
L'African Business Roundtable a vu le jour à une époque où l'Afrique était frappée par un climat économique épouvantable. Entre la lutte pour l'indépendance de nombreux pays et la fin de l'apartheid en Afrique du Sud, le secteur privé Africain n'était guère structuré dans les années 1960.
[Column] Job Wanjohi: Why the Kenya National Automotive Policy is a big win for the manufacturing industry
Over the years, Kenya has carried out significant reforms geared towards improving the business environment and driving competitiveness.
[Nigeria Business Week] Andrea Ayemoba: Government, Industries move to expand women enterprise
With plunging profits in its prized sector, oil and gas, and an ever-climbing inflation, Nigeria is increasingly turning to what most of the world has been blind to – the potential of women in business.
[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.
[Nigeria Business Week] Andrea Ayemoba: Banks rally behind women-led SMEs
The NNPC has an approximated value of 50 trillion naira. With oil and gas infrastructure in Nigeria constantly plagued by mischief and vandalism, an ECOWAS expert has profferred a very interesting solution to this persisting problem
[Nigeria Business Week] Andrea Ayemoba: Telecoms slide into banking, Central Bank ups interest rates
The last few days have shown us developments and setbacks, statistics that show growth on the one hand and room for improvement on the other.
[Nigeria Business Week] Andrea Ayemoba: Persistent shortages and inflation call for new measures
Africa has in the past decade positioned itself as a knowledge economy, with one of the most robust startup ecosystems in the world.
[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.
[Interview] Siviwe Ngcingwana, Founder, Signet Seal Group, South Africa
Siviwe Ngcingwana is the founder and CEO of Signet Seal Group, a diversified Pan-African company with growing interest across various sectors among them agriculture, renewable energy, mining, trading and deal brokering.
[East Africa Business Week] Bob Koigi: Investing in women-led businesses to deepen integration
East African member states, private sector players and development partners have stepped up their investment in women-led businesses and SMEs in a move likely to impact cross-border trade and boost integration in the region.
[Nigeria Business Week] Andrea Ayemoba: State to digitize tourism, FG takes on efficient mobility
Banking is one of the most thriving sectors in Nigeria. The reason for this success has been attributed to the efficiency with which this industry has leveraged technology to modernize its operations.
[East Africa Business Week] Bob Koigi: Financial institutions bank on tech to bolster offerings
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
[East Africa Business Week] Bob Koigi: What EU’s lifting of financial sanctions on Burundi means for EAC
The EU made the decision in the wake of deteriorating political situation occasioned by a disputed presidential election in 2015.
[Nigeria Business Week] Andrea Ayemoba: Government, Central Bank turn focus to the startup movement
There’s an ongoing comparison in Nigeria's status quo that is causing some rift – the national statistics and reports are showing a promising and stable economy, but the situation on-ground reflects a different reality.
[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.
[East Africa Business Week] Bob Koigi: East Africa positions itself as investment destination of choice
The East African community continues to live up to its billing as a prime investment destination for investors.
[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.
[Column] Titilayo Adewumi: West Africa’s circular economy efforts at the forefront of fostering a more sustainable future
The vast majority of population growth across the continent will be concentrated in urban areas. WEF data indicates that more than 80% of Africa's population growth between now and 2030 will be in cities, with Lagos growing at a pace of 77 people every hour.
[Nigeria Business Week] Andrea Ayemoba: National GDP for Q3 sees increase, amid growing economic concerns
The Nigerian Minister for labour recently has affirmed that more needed to be done in order for the employment crisis to be mitigated. He did allow that much has been done, but a lot of action still was required if the problem was to be tackled from the roots.
[Column] Phyllis Wakiaga: Why Kenya should implement local content policies to steer growth
Businesses continue to be exposed to a constant creation and review of policies, which is tedious and costly. One of the reasons for this is poor structures and reception by institutions that have been put in place to ensure that these policies are of benefit to the people of Kenya.
[Column] Phyllis Wakiaga: Ease regulatory burden for SMEs
They contribute to communities’ unique identities and are the lifeline of any country’s economy, through job creation and as a stepping stone to achieving shared prosperity.
[Column] Cathy Smith: Sustainability or extinction: what African enterprises need to know about the next ten years
Businesses and countries across the continent are attempting to rebuild following the devastating economic impact of the pandemic.
[Column] Phyllis Wakiaga: Government policies must support a flourishing local industry
There is a sense of pride, for a country and its citizens, in attaining self-sustenance and economic independence. Central to this is a competitive local industry, producing goods for its domestic and export markets.
[Interview] Stephan Eyeson, fondateur et PDG, Survey54
L'entrepreneur Britanique-Ghanéen, Stephan Eyeson, est actuellement PDG et fondateur de la société panafricaine de collecte de renseignements sur les consommateurs, Survey54.
[Interview] Essi Farida Geraldo, CEO, Architecte urbaniste, Togo
Passionate about art and creation and ended up in immersing in the field of architecture and design, Essi Farida Geraldo is the CEO of Architecte urbaniste an architectural and sustainable development firm which offer classic eco-architecture and urban planning services in Togo.
[Interview] Stephan Eyeson, Founder & CEO, Survey54
British-Ghanaian entrepreneur, Stephan Eyeson, is current CEO and Founder of pan-African consumer intelligence gathering firm, Survey54.
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.
[Startup Interview] Stanley Njeru, CEO, Buyer Logistics Limited, Kenya
Stanley Njeru is the CEO of Buyer Logistics Limited, a Kenyan-based startup offering freight forwading, custom clearance, warehousing and motor vehicle importation services.
[Kenya Business Week] Competition, customer service drive expansion binge
As customers demand top notch services grows and competition reach fever pitch, companies are investing millions to improve infrastructure and service quality.
[SA Business Week] Investment wave boosts country’s earnings, attractiveness
South Africa continues to be the continent’s preferred destination for international investors due to its competitive market, favorable political climate, a booming middle class and strategic location.
[SA Business Week] Opening businesses to the world, growing markets
In the recent years, South Africa has continued to prove that it is one of the most diverse and promising emerging markets in Africa. The country has become a key global hub for investment, innovation and research.
[SA Business Week] Naspers breathe new life into startups, filmmakers train eyes West
The tech startup fever has been spreading across the globe like bush-fire and Africa has not been left out in this bandwagon. More and more people are entering into the tech space because technology never gets old and new inventions keep evolving.
[SA Business Week] Water tariffs rise, no markets for black traders
Access to clean water is still a challenge in most of the sub-Saharan Africa countries. Due to the scarcity, the ones who are lucky enough to access it have to dig deeper into their pockets in order to enjoy this basic commodity.
[South Africa Business Week] Monash South Africa is now AdvTech owned
ADvTECH has announced the acquisition of Monash South Africa (MSA), a leading South African private tertiary education institution with students from more than 50 countries.
[Kenya Business Week] The UK, China trade factor
Fresh from discussing bilateral ties with the United States, Kenya has over the recent past held trade negotiations and deals with UK and China as the super powers seeks to grow their influence in the country.
[Kenya Business Week] New energy frontiers, more business deals
It has been another busy week for anchor sectors in Kenya with more investors, landmark deals and strategic partnerships pointing to Kenya as the investment destination for the region.
[Kenya Business Week] Realigning businesses to drive growth
With competition across public and private sector now being driven by innovation, Kenyan institutions have invested heavily in modernizing operations and selling the convenience message to customers.
[Nigeria Business Week] Racing toward growth, partnerships, targets
This week has shown interesting developments in a wide range of sectors in Nigeria - Hospitality, Real Estate, Agribusiness, Banking, Automotive, Oil and Gas and as always, ICT remains a busy sector.
[Startup Interview] Aziz Senni, Founder, C Mon Taxi, Senegal
Aziz Senni, a serial entrepreneur with over 20 years’ experience is piloting a taxi renting model in Dakar Senegal that offers taxi drivers access to ownership of their vehicle through a system combining financing, training and customer acquisition thanks in particular to its digital booking platform.
[Startup Interview] Axel Peyriere, Co-Founder, AfricarGroup
Axel Peyriere is co-founder of the number one car classifieds websites in Africa, the AfricarGroup, which covers 22 countries and translated into 10 local dialects of the continent. His interview with Africa Business Communities:
Rolls-Royce announces new leadership for Africa
John joined Rolls-Royce over twenty years ago, in 2001, as a graduate trainee in the Defence business. He rose to become a senior manager before joining Civil Aerospace.
Stellantis and the South African authorities sign agreement to manufacture vehicles in South Africa
Stellantis has signed a Memorandum of Understanding (MOU) with the Industrial Development Corporation (IDC) and the Department of Trade, Industry and Competition (the dtic) to develop a manufacturing facility in South Africa.
Volkswagen Group builds 100, 000 Polos for the South African market
The special milestone vehicle rolled off the production line on 1 March during the night shift.
EABC urges governments to fast-track review of EAC SME charter
He said, SMEs should be empowered to trade under African Continental Free Trade Area Agreements (AfCFTA).
Stanford Seed renews collaboration with AMI to support African entrepreneurs
Seed, a Stanford Graduate School of Business-led initiative, has renewed its collaboration with the African Management Institute (AMI) in its ongoing effort to partner with entrepreneurs to help them build thriving enterprises that transform lives.
Workstyle Africa partners with SNDBX International to launch workspaces in East Africa
Serviced office space provider, Workstyle Africa, has partnered with SNDBX International, a business growth ecosystem, to open five one-stop-shop entrepreneurship centres and workspaces in East Africa.
[South Africa] SMEs in JSE’s inaugural development programme raise nearly R1 billion
The Johannesburg Stock Exchange (JSE) has announced that 16 medium-sized companies that participated in the JSE Enterprise Acceleration Programme performed exceptionally, growing their average annual turnover by 56% and employment by 32%.
Why Does Your Business Need Commercial Auto Insurance?
If you are a business owner, small or large, the importance of having auto insurance should be paramount.
Klasha launched menstrual leave policy for employees
Klasha to announce a new menstrual leave policy for Klasha’s female employees — a first of its kind for a technology company operating in Nigeria.
Mastercard Foundation launches $200 million fund to catalyze job opportunities
The Mastercard Foundation Africa Growth Fund (MFAGF), a Fund of Funds that works through African investment vehicles to support early-stage, growth-oriented SMEs on the continent, has been launched with a committed $200 million.
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.
Isuzu Motors South Africa announces expanded board of directors
This happens at the back of just 4 years of a journey of end-to-end business transformation to drive growth and expansion for the local OEM.
CANAL +,AFD et l’association Convergence pour intensifier la formation des acteurs de l’audiovisuel en Afrique
Canal Plus One, l’association Convergence et l’AFD ont signé un accord de partenariat pour intensifier la formation et l’insertion professionnelles des acteurs de l’audiovisuel en Afrique.
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COLUMNS.
[Column] Louis Avenant: Trends for African telcos in 2024
Africa’s vibrant telco sector is set for a bumper year in 2024 as it expands operations and broadens service offerings ...read full column here
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[Column] Virodh Sunderlall: What to expect from South Africa’s cybersecurity landscape in 2024
As widely reported last year, South Africa received the most cybersecurity threats on the continent by far ...read full column here
[Column] Stephen Bottger: The power of data analytics to revolutionise public safety
The use of applications, technology and data analytics can play a significant role in public safety globally ...read full column here
INTERVIEWS.
[Interview] Chester Wisniewski, Director of Global Field CTO, Sophos
Chester Wisniewski, the Director of Global Field CTO at Sophos, emphasizes several key trends and predictions for the cybersecurity realm in the coming year … read full interview here
[Interview]: Daniel Otu, Koa’s Production and Operations Director & the factory project lead
Daniel Otu, Koa’s Production and Operations Director & the factory project lead, touched on the challenges faced, the importance of sustainability, the role of local culture, and the lessons that shaped Koa’s future vision … read full interview here
[Interview] Oluwole Eweje, CEO-WATT Renewables Corporation
We provide sustainability for communities, especially communities that have very few businesses … read full interview here