Elizabeth Antidius Shumbusho | Africa Guardian On Thursday, Morocco and Spain took a significant step toward normalizing trade relations with the first passage of goods through the north African exclaves of Ceuta and Melilla since 2018. These small Mediterranean territories, claimed by Morocco, have long been a point of contention in Spanish-Moroccan relations and serve as the European Union’s…
Edson Baraukwa | Africa Guardian From meat processing in Rwanda to fruit and vegetable distribution in Tanzania and agrovet supplies in Malawi, Africa Eats is reshaping the continent’s agricultural value chain. This investment holding company, modeled after Warren Buffett’s Berkshire Hathaway, has taken a focused approach to African agribusiness. In December 2024, it marked a significant milestone by listing…
Our Correspondent | Africa Guardian John Nicolakakis transformed Roman’s Pizza from a modest chain of fewer than 30 stores into South Africa’s second-largest pizzeria. Today, Roman’s Pizza stands as one of the country’s most successful fast-food chains and recently claimed the top spot in BusinessTech’s pizza taste test. But this achievement didn’t come easy—it’s a story marked by hard…
By Edson Baraukwa | Africa Guardian The Bank of Tanzania (BoT) has granted CRDB Bank Plc a No Objection Certificate (NOC) to expand its operations outside Africa, marking a historic first for the Central Bank. This milestone acknowledges CRDB’s financial stability and strong performance, setting a new precedent in the region’s banking sector. A Pioneering Move BoT Governor Dr….
Our Correspondent | Africa Guardian China, Tanzania, and Zambia have signed a memorandum of understanding to revitalize the 1,860-kilometer railway connecting Tanzania and Zambia, according to Xinhua news agency. This $1 billion initiative, proposed by Beijing in February, aims to enhance Zambia’s access to global markets. The railway stretches from Dar es Salaam, Tanzania’s port capital, to Kapiri Mposhi…
By Edson Baraukwa | Africa Guardian African nations have achieved a significant milestone by securing a platform at the United Nations (UN) to engage in global tax discussions on equal terms. This development marks a critical step in addressing issues such as tax evasion, illicit financial flows, and harmful tax competition, all of which have hindered these countries from…
Business leaders, technology partners and SAP experts met this week to discuss the role and potential of innovation to power East Africa’s economic development and growth. Hardeep Sound, Regional Sales Director: Emerging Africa at SAP, noted that organisations throughout the region are investing in business transformation and technology for greater efficiency and resilience. “Interest in business AI and cloud…
Adesina also spotlighted the African Development Bank’s strategic High 5 program as a cornerstone for progress, as underscored by an independent analysis by the United Nations Development Progr RIYADH, Saudi Arabia, April 29, 2024/APO Group/ — Adesina delivers a keynote address as the Islamic Development Bank marks its 50th anniversary. Climate and health initiatives are of paramount importance. African…
From 3 to 4 May, the Mohammed VI Polytechnic University of Rabat is organising, in collaboration with the University of Aix-Marseille and the CNRS, the 13th edition of the Arbois and Mediterranean Round Tables in Aix-en-Provence, on the theme of “Hydrogen tomorrow: myths and realities”. This edition will bring together elected officials, industrial leaders, research and innovation players, students…
Paul Theron, MD at Vestact Asset Management, and South African fashion designer David Tlale speak to The Money Show’s Bruce Whitfield about French multinational LVMH. A 5% rise in LVMH’s share price in mid-April saw the company’s market capitalisation reach $486 billion, briefly ranking it as the world’s 10th-biggest company. The luxury-brand powerhouse also becomes the first European company…
Summary What started off as a story about a Spanish man who fell in love with Tanzania turned out to be the start of a major business franchise that has revolutionized the industry in the country. What started off as a story about a Spanish man who fell in love with Tanzania turned out to be the start of…
NEWLY appointed American Ambassador to Tanzania Michael Battle has listed his top priorities for promoting trade and investment between the two countries during his tenure in office. The former US Ambassador to the African Union said he would work with the government of Tanzania and its people to expand trade opportunities. According to him, all US ambassadors are responsible…
By Anthony Muchoki Dr. Agnes M. Kalibata, President of AGRA, has commended the Tanzanian government for taking a significant step towards enabling youth to participate in food system transformation. A strong advocate for youth empowerment in agricuture, Dr Kalibata believes that “the younger generation needs to have productive, meaningful lives. Let’s give them the technologies and opportunity to be…
Summary Tanzania and the EU have developed very cordial relations since President Hassan assumed office in March 2021 Dar es Salaam. Over 600 investors and business leaders from the 27-member European Union (EU) are lined up for a mega business forum in Dar es Salaam next month as they seek to capitalise on Tanzania’s current pro-business policies to boost…
APM Terminals, Apapa notified exporters that with effect from January 1st, 2023, Renomination Fee for export cargoes at APM Terminals, Apapa will now be N30,000 per container from the initial N10,000 per container Nigeria – Exporters at the Lagos Ports Complex (LPC) have expressed lamentations over the increment of Renomination Fee for export cargoes by Nigeria’s largest container terminal…
Tanzania will host the AGRF 2023 Summit, the announcement was made by Her Excellency Samia Suluhu Hassan, the president of the United Republic of Tanzania and H.E Hailemariam Dessalegn, the Chair of the AGRF Partners Group on the sidelines of the U.S. Africa Leaders’ Summit currently taking place in Washington, DC. The AGRF, Africa’s Food Systems Forum, is the…
When Clement Kiptoon first set foot in Lamu in January 2020, all he had was a librarian’s certificate and lots of hope in a county kilometres away from his family’s home in Baringo. Kiptoon completed his Higher National Diploma in Library Archives and Information Science in 2017 after studying and graduating at the Nehema Institute of Science and Technology…
President of the two countries are discussing the issue Kenya Airways (KQ) and South African Airways are collaborating to form a pan-African airline, Kenyan Wall Street Exchange reported. Kenya’s President William Ruto and his South African counterpart Cyril Ramaphosa are discussing the plan at a high level. “We have agreed that that agreement should be progressed forward as it…
Trade volume between Tanzania and Türkiye has increased to 300 million US dollars (700bn/-), in the past ten years, thanks to continued efforts by the Embassies of the two counties in strengthening further the existing economic and diplomatic ties. This was unveiled by the Ambassador of Türkiye to Tanzania Dr Mehmet Gulluoglu during an event to mark 99th anniversary of…
– Members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) who recently paid a visit to Aliko Dangote’s multi-billion-dollar refinery disclosed that the refinery is 97 per cent near completion. The NMDPRA disclosed the news in Abuja when representatives of the Dangote Petroleum Refinery presented the work plan for the facility for 2022/2023, Daily…
Bloomberg plans to expand its TV presence in Africa to serve the growing audience of business and financial news consumers based on the continent or interested in the region as an agent of global markets, a statement by the firm has said. The firm’s verified Twitter handle notes that Bloomsberg TV offers “breaking news. In-depth analysis. Market-moving scoops. Exclusive…
Promising recent resource finds in Mozambique and Tanzania bode well for Africa’s future. Exploration is being pursued with renewed vigour, and the world’s energy companies are keenly eyeing the continent. Mozambique and Tanzania have signed two cooperation agreements in Maputo, focusing on combating terrorism and fighting crime. Mozambique is currently fighting Islamist militants in the country’s gas-rich northern Cabo…
The Nigeria-Morocco Gas Pipeline Project is an initiative of the Federal Government of Nigeria and the Kingdom of Morocco. The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mele Kyari, on Thursday said the Nigeria-Morocco Gas Pipeline Project will create wealth, and improve the standard of living of countries with the African region. Mr Kyari said…
Businesses in Africa need to be more serious about doing business in Africa. This, for Ivorian businessman Boris Konan, is the best solution to building a more prosperous Africa. Konan, who was born and raised in Abidjan, Côte d’Ivoire, is a serial entrepreneur. He created his first company (that developed websites), while still a student in France, where he…
KFC South Africa has launched a new “ultra-modern” outlet in Cape Town featuring the latest in restaurant technology. The fast food giant said its revamped Pinelands restaurant was designed to make customer service quicker, easier and seamless. KFC Africa chief operations officer, Thuthuka Nxumalo, said that businesses were moving into a “new era of customer experience”. “The approach to…
UGANDAN Minister of State for Works and Transport, Mr Byamukama Fred has expressed his country’s readiness to strengthen business cooperation with Tanzania, following notable improvements in transport infrastructure in the Central Corridor. He made the remarks mid this week during his tour of Isaka Dry Port in Kahama District of Shinyanga region and Mwanza South Port in Mwanza region,…
The United Kingdom(UK) government is planning a £235 million capital investment in the hydropower sector in Africa. UK Prime Minister, Boris Johnson, while in Rwanda for a meeting with Commonwealth leaders, said, he welcomes Green Industrial Revolution ‘sweeping across Africa.’ “The major new UK investments and public-private partnerships are turbocharging the clean energy transition in Africa,” Boris said at…
Amazon, a global e-commerce technology company, is reportedly set to expand to African countries including South Africa and Nigeria in 2023, according to news that was first published by Business Insider. Belgium, Chile, and Colombia are also among the five markets that the giant e-commerce company is set to penetrate next year, according to leaked documents that were seen by…
Summary The increased exports to the neighbouring country has forced the Tanzania Revenue Authority (TRA) to post its officials to Mombasa and Nairobi to facilitate pre-arrival clearance of goods Arusha. Tanzania exported goods worth $ 118.6 million in the first quarter (January to March) of this year, it was revealed on Wednesday.The increased exports to the neighbouring country has…
There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum has said, contradicting authorities in the Democratic Republic of the Congo who said a temporary administrator had taken control of one of the world’s largest cobalt and copper mines. The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed…
As smartphones and internet technologies become increasingly accessible in Africa, the continent has become a lucrative market for the eCommerce industry. According to the numbers presented by StockApps.com, the African eCommerce market will reach annual revenue of $46.1 billion by 2025. Africa is shaping up to be the next hotbed for internet-based businesses. As smartphones and the internet become…
(RTTNews) – Swedish audio streaming platform Spotify Technology S.A. said it aims to reach a billion users over the next eight years, by 2030, and $100 billion revenue annually in the next 10 years. In its first investor day since going public in 2018, in New York, the company said it expects high-margin returns from its expansion into podcasts…
Convened by the UN Global Compact, Chief Executive Officers from across Africa announced the launch of the Africa Business Leaders Coalition (ABLC). The Coalition will provide a platform for African business leaders to have a unified private sector voice as they actively and meaningfully engage to work on the continent’s most pressing issues through an organized, forward-looking, principles-based approach. The…
Mercedes-Benz aims to become a ‘dedicated pure-play luxury car company’ and will strategically target higher profitability by elevating its product portfolio and securing its place in the electric vehicle (EV) market. It’s a fascinating time for car manufacturers. With the global electric mobility movement well underway, the survival and success of any car brand will depend on its ability…