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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.
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.
MTN selects M&C Saatchi Abel as its global marketing partner
M&C Saatchi Abel was selected following a meticulous process for their expertise in fostering growth and enhancing brand value for multinational corporations.
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.
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.
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.
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.
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.
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.
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.
Canon and MindMe International partner to empower Kenyan youth through creative storytelling
This collaboration aims to empower marginalized communities through sustainable development, with a focus on fostering positive change in young individuals' lives.
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.
Vodacom, Safaricom hit 200 million subscribers
Vodacom Group’s subscriber base including Safaricom has now surpassed 200 million for the first time, having previously achieved 100 million customers in 2018.
[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.
15% of companies in the Middle East, Turkiye, Africa region do not train employees on IT
According to Kaspersky’s Business Digitization survey, only 29% of companies surveyed in the Middle East, Turkiye, and Africa (META) region organised training on cybersecurity for their employees.
[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.
Global access solutions provider ASSA ABLOY acquires South African security communication equipment maker Amecor
ASSA ABLOY has signed an agreement to acquire Amecor (Pty) Ltd, a South African manufacturer of security communication equipment in the South African security market.
Critical infrastructure sees most cyber incidents due to lack of budget, report
18% of companies in the Middle East, Turkiye and Africa (META) region have experienced cyber incidents due to insufficient cybersecurity investment in the last two years, according to a recent study by Kaspersky.
Mastercard partners with CarbonSifr to advance climate action in MENA region
The innovation-driven partnership aims to equip small businesses in the region with innovative tools to measure, reduce and compensate for their carbon footprint.
[South Africa] Ninety percent of CEOs are waiting for GenAI to move past the hype, report
Seventy-one percent of global executives surveyed say they plan to increase tech investments in 2024—an 11-point jump from 2023—and even more (85%) plan to increase their spending on AI and GenAI.
[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.
23% of companies in the META region suffered from malicious actions by staff, report
A Kaspersky study found that in the past two years, 78% of companies surveyed in the META region have faced cyber incidents in different forms, 23% of which were caused by deliberate malicious behaviour by employees
CAF concludes extensive global TV-Broadcast agreements
CAF concludes extensive global TV-Broadcast agreements ahead of the kick-off of the TotalEnergies Africa Cup of Nations Côte d’Ivoire 2023.
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.
Tomorrow.io and MTN partner to deliver weather early warnings
Through this partnership, MTN’s vast customer base will be able to receive early warning notifications about severe weather events, generated through Tomorrow.io’s weather intelligence and Microsoft Azure.
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.
47% of companies in the Middle East, Turkiye, Africa region plan to outsource cybersecurity, report
Company bosses are boosting their cybersecurity following an alarming increase in cyberattacks, a new study commissioned by Kaspersky has found.
[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.
UNIDO and Orange partner to transform Egypt's mobile and network through circular solutions
The United Nations Industrial Development Organization (UNIDO) and Orange have joined forces to support over the next two years the establishment of a viable business model for high-quality standard secondary market of mobile devices and networks/IT equipment in Egypt.
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.
Generative AI skills gap slowing down AI adoption EMEA region, report
Organisations in the EMEA region plan to embrace AI solutions but are slowed by a generative AI skills gap. This is according to a new report released by hybrid multi-cloud computing provider Nutanix.
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.
Retailers are struggling to deal with ransomware attacks, Sophos report
After surveying 3,000 IT/cybersecurity leaders in organizations with between 100 and 5,000 employees (including 355 from the retail sector), across 14 countries in the Americas, EMEA and Asia Pacific Sophos found that only 26% of retail organizations this past year were able to disrupt a ransomware attack.
[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.
Aleph Hospitality signs contract to manage its second hotel in Kigali, Rwanda
Dubai-based independent hospitality management company Aleph Hospitality has signed a contract to manage Zaria Court Hotel in Kigali, Rwanda.
Western Australia to host 24th WTTC Global Summit after Kigali
During the closing session of the World Travel & Tourism Council’s (WTTC) Global Summit in Kigali, Western Australia was announced as the host for 2024, marking the first time the event will visit Oceania.
75% of healthcare organisations lose data to ransomware attacks, Sophos report
Cybercriminals successfully encrypted data in nearly 75% of ransomware attacks on healthcare organisations. This is according to the The State of Ransomware in Healthcare 2023 report released by cybersecurity firm Sophos.
[Kenya] Swiss-Belhotel International continues expansion in Africa with second property in Nairobi
This development comes less than a month after the signing of its previous hotel in the city.
COMESA’s global trade rises by 15 per cent
The largest exporting countries in the COMESA region were Libya, Egypt, Tunisia and Sudan. These had a combined market of 98% in exported fuels in 2022.
Kenya among top countries receiving most DDOS attacks amid ongoing geopolitical unrest
Kenya has been listed among the top five countries hit by distributed denial-of-service (DDoS) attacks in the first half of 2023. Other countries include France, Germany, Italy, and Saudi Arabia
[Free Webinar] The Verto Hour: Streamlining Payments for Manufacturers and Suppliers in Eastern and Western Africa
Join this webinar that empowers both manufacturers and suppliers operating in African markets with valuable insights and actionable strategies to streamline their payment processes and ensure uninterrupted supply chain continuity.
[South Africa] Companies acknowledge inadequate budgets to address the root cause of breaches, J2 Software survey
A recent survey revealed that 58% of organisations believe their budgets allocated to manage insider risks are insufficient to effectively mitigate the increasing costs and frequency of security incidents instigated by individuals within the organisation.
The Eastern and Southern African Trade and Development Bank and ITFC sign MoU to promote trade between common member states in Africa
Under the MoU, TDB and ITFC will harmonize their efforts to provide robust trade finance solutions to better serve their respective Member Countries in Africa.
Africa's total exports expected to hit close to $1 trillion by 2035, report
Standard Chartered has published its Future of Trade: Africa report, highlighting the outlook for African trade and providing a view of the African Continental Free Trade Area (AfCFTA) as a key proponent of optimising intra-African trade.
[Free Webinar] Global Payment Strategies for Shipping & Logistics: Empowering Seamless Trade
Join this insightful webinar that delves into the world of global payment strategies tailored to empower seamless trade within the shipping and logistics industry.
Global ad company Entravision enters into a global partnership with Pinterest
Entravision, a global advertising solutions, media and technology company serving clients across more than 40 countries, has entered into an international sales partnership with Pinterest, the visual inspiration platform.
[South Africa] Western Cape launches Export Certificate Office System
The Western Cape Department of Agriculture’s Veterinary Services recently launched its innovative Export Certificate Office System (ECOS)
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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