Business – Africa Guardian

The future of the green hydrogen sector in Africa at the heart of the 13th edition of the Arbois and Mediterranean Round Tables

April 27, 2023

| Business, Energy

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…

French luxury group LVMH becomes world’s 10th biggest company (and EU’s largest)

April 17, 2023

| Business, World News

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…

How love brought Samaki Samaki owner to Tanzania

April 8, 2023

| Business, Lifestyle News

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…

Tanzania-US TRADE: Envoy touts mutual benefits

March 11, 2023

| Business, News

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…

Dr. Agnes Kalibata Commends Tanzania’s Progressive Initiatives Empowering Youth to Drive Food System Transformation

February 21, 2023

| Agribusiness, Agriculture, Business, Business News, Current Affairs, Economy

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…

600 investors from Europe set sights on Tanzania

January 24, 2023

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…

Lagos port operator increases export charges, threatens Nigeria’s export promotion

January 11, 2023

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 to host the AGRF, Africa’s Food System Forum 2023

January 1, 2023

| Agribusiness, Agriculture, Agritech, Business, Business News, Current Affairs, Green, Home Slide Show, Internation Business News, News Update, Top News, World News

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…

Meet the librarian who now carves decor items for a living

November 15, 2022

| Business, Lifestyle News

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…

Kenya, South Africa in talks to create pan-African airline

November 12, 2022

| Business, News Update

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…

Tanzania-Türkiye trade volume increases to 700bn/-

October 30, 2022

| Business, News

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…

Dangote Refinery: Africa’s Largest Oil Facility is 97% Complete

October 24, 2022

| Business, Energy

– 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 TV plans live reporting in Johannesburg, Kigali, Lagos and Nairobi

October 18, 2022

| Business, News, News Update

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…

Tanzania and Mozambique Join Hands to Explore Hydrocarbons

September 28, 2022

| Business, News

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…

What the Nigeria-Morocco Gas Pipeline Project will do for Africa

September 16, 2022

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…

Africa will prosper with more Africa-to-Africa business

August 4, 2022

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 launches first high-tech restaurant in South Africa

July 21, 2022

| Business, Tech

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…

Tanzania: Uganda, Tanzania to Strengthen Business Cooperation

July 8, 2022

| Business, News

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,…

UK To Invest £235m In Africa’s Hydropower Industry

June 29, 2022

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 is Set to Penetrate the African Marketplace

June 20, 2022

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…

Tanzania exports to Kenya hit Sh272.7 billion in first quarter

June 10, 2022

| Business, Current Affairs

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…

China Moly denies DRC takeover of its Tenke copper-cobalt mine

June 10, 2022

| Business, Companies

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…

African e-commerce market to generate $46.1 billion in annual revenue by 2025, report

June 10, 2022

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…

Spotify Targets 1 Bln Users, $100 Bln Revenues

June 9, 2022

| Business, Entertainment

(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…

UN Global Compact launches Africa Business Leaders Coalition

June 1, 2022

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 takes aim at ultra luxury market

May 25, 2022

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…

Top 10 best African countries for opening an e-commerce business

May 24, 2022

Mauritius, South Africa and Tunisia are Africa’s top three B2C E-commerce Markets . The two largest B2C e-commerce markets in the world, are China and the United States Mauritius remains by far the most prepared country for e-commerce in Sub-Saharan Africa, according to UNCTAD’s Business-to-Consumer (B2C) E-commerce Index 2020. The index scores 152 nations on their readiness for online shopping,…

Panasonic announces FY22 business strategy for Middle East and Africa

May 23, 2022

Panasonic Marketing Middle East & Africa (PMMAF) restated its commitment to MEA market expansion and consumer well-being at its regional convention held in Dubai, that unveiled the brand’s new global motto -‘Live Your Best’ The new slogan embodies Panasonic’s commitment to providing solutions that make life simpler, safer, healthier, and more enjoyable for the customers, helping them to live…

French investments in Tanzania to hit $4.2 billion in five years

May 19, 2022

The French public and private sectors are expected to invest about $4.2 billion (Sh9.7 trillion) in various areas in Tanzania, including energy generation and distribution; transport and logistics; marine transport; water and sanitation, telecoms and health in the next five years Dar es Salaam. The French public and private commitment for Tanzania over the next five years will in total…

United Bank for Africa posts 18% growth in earnings as profit hits over $106mln

April 28, 2022

| Business, News Update

The bank’s total assets also rose by 4.1% United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2022, recording impressive growth across its income lines. The bank’s result which was released to the Nigerian Stock Exchange on Tuesday showed that gross earnings rose by 18.3% from $370mln (N155.4bln) in 2021 to $437mln…

East Africa – The outstanding bulk of oil and Gas in Africa Might shock you

April 21, 2022

| Business, Energy

The region is slowly morphing into the new ‘Middle East’ in regard to oil and gas. But this will entirely depend on how well East Africa can diversify her economies on the back of the resources. South Sudan, Kenya and Uganda hold the region’s 10.8 billion barrels, with more barrels expected during exploration of new blocks, according to a…

UK backs Africa’s ambitious continental free trade initiative

March 30, 2022

The UK is to support the implementation of the African Continental Free Trade Area UK launches programme of up to £35m to support negotiations and implementation of the African Continental Free Trade Area (AfCFTA). The AfCTFA is expected to lift 30 million people out of extreme poverty, create jobs, and provide new commercial opportunities for businesses across Africa and…

Launch of the 12th edition of the Orange Social Venture Prize in Africa and the Middle East (POESAM)

March 28, 2022

Over 11 previous editions, it has awarded around €555,000 to African business projects with positive social and environmental impacts in various sectors March 28 marks the opening of the 12th Orange Social Venture Prize in Africa and the Middle East. Candidates can submit their applications until May 27 on the website https://POESAM.Orange.com . POESAM was launched in 2011. Over 11 previous editions, it has…

Google, 2 Others To Train 1,000 Business Owners

March 25, 2022

| Business, Education

Africa’s leading e-commerce builder, StartWeb, has partnered with Haptics Academy, a training and technology solutions organisation and a ‘Grow with Google partner, to facilitate a free training program specifically designed for African entrepreneurs and small business owners. A statement by IDAfrica said the goal is to tutor over 1,000 business owners to expand their operations and upgrade their skills…

The Truths about Forex Trading

March 25, 2022

Summary The knowledge and understanding of the technical intrigues of the market is not one a neophyte can master on a weekend or a short course. The popularity of the international forex market has made it the largest financial market in the world. According to a 2019 BIS report, the daily volume of forex traded amounts to $6.6 trillion….

Business must put Africa’s free trade area to the test, says Kenyan minister

March 24, 2022

2021 was a historic year for Africa. The African Continental Free Trade Area (AfCFTA ) came into effect, having been signed by 54 of the continent’s nations. More than a year on, governments are now working to facilitate trade by removing tariffs on thousands of products across Africa. Kenya, Africa’s sixth-largest economy, hopes that the deal will cement the…

The richest man in Africa just opened the continent’s biggest fertilizer plant. He says people are ‘begging’ him to sell crop nutrients as sanctions against Russia disrupt supply

March 24, 2022

On Tuesday, Aliko Dangote, the richest person in Africa, opened the continent’s largest fertilizer plant. The Nigeria plant’s opening comes amid disruptions in fertilizer supplies due to sanctions against Russia. On Tuesday, Africa’s richest person, Aliko Dangote, opened the continent’s largest fertilizer plant in Nigeria. Demand is already knocking at the door. “People are begging us to sell,” Dangote…

South Africa to host Africa oil, green energy summits in October

March 22, 2022

| Business, Environment

Over 2,000 energy experts and government officials are expected to descend on South Africa’ s Cape Town in October when the city hosts the annual Africa Oil Week Organisers said on Tuesday that Africa Oil Week, which is the continent’s premium energy conference and is scheduled for 3-7 October, will run concurrently with a sister event, Green Energy Africa…

Tanzania: Mdundo Music Hits 22pc Growth in Africa

February 9, 2022

PAN African music streaming service, Mdundo, has announced a 22 percent growth in its user base in the last quarter of 2021. The platform recorded 20 million users at the end of further quarter, up from 16.3m/-, in the third quarter and that is driven by strong demand for an easy-to-use music service coupled with aggressive expansion into new…

BEYOND SPECULATION, WHAT MORE CAN NFTS DO FOR AFRICANS?

February 7, 2022

Across Africa, a digital revolution is happening, with the fast adoption of emerging technologies, such as drones, robots and smart cities. This revolution is touching several sectors, including agriculture and banking. Although Africa currently trails other regions in terms of digital adoption and maturity, the pace of adoption and infrastructure buildout is happening faster on the continent than any other region in the world. Blockchain technology is another…

PUMA’s Sales Numbers Are Through The Roof

February 1, 2022

| Business, Fashion

We mostly hear about how the COVID-19 pandemic has crushed businesses, big and small, across the world. Almost every industry has taken hard knocks, what with supply-chain challenges across the board. The fashion and sports apparel industry has also suffered, being forced to rely on expensive air freight rather than container ships to complete the supply chain. There have…

ABSA Bank listed as top employer in Kenya

January 25, 2022

The bank got certified by the Top Employers Institute. In Summary •To become recognised as a Top Employer, your organisation needs to be evaluated. •The said survey covers 6 HR domains consisting of 20 topics. Absa Bank Kenya has been named the top employer in Kenya and Africa in the 2022 accolade. The bank got certified by the Top…

Africa: Rhino Horn Consumers Reveal Why a Legal Trade Alone Won’t Save Rhinos

January 21, 2022

Demand for rhino horn in Asian markets, especially Vietnam and China, has pushed the remaining rhino populations to the brink of extinction. In the past decade, nearly 10,000 rhinos were killed by poachers in Africa. The remaining rhino populations in Africa and Asia are steadily declining, with fewer than 30,000 animals left in 2020 from a population of 500,000 at the beginning of the 20th…

Kenyan retail distributor Copia secures $50m for Africa expansion

January 21, 2022

Kenyan-based mobile commerce platform and goods distributor Copia Global has raised $50m from investors to fund its expansion into the rest of Africa, the firm said on Thursday. Source: Copia Global Copia is among a group of African startups that aim to use information technology to solve the continent’s problems, like highly fragmented and informal retail markets. “In the…

China Exports Its Traditional Medicine to Africa

January 21, 2022

Hing Pal Singh is among dozens of patients with daily appointments at the Oriental Chinese Herbal Clinic in Nairobi. Singh, 85, has been suffering from spinal problems for five years and is now trying herbal remedies. “There is a slight difference,” Singh said. ” … It’s only a week now. It will take at least another 12 to 15…

BREAKING: Rand Merchant Bank appoints Grey Africa as creative agency

January 20, 2022

Grey Advertising Africa has announced that it will serve as the new creative agency for Rand Merchant Bank (RMB), the corporate and investment arm of FirstRand Bank Limited. Paul Jackson, Grey Africa’s CEO. The agency will be responsible for developing creative and strategic work across media and partnership platforms. Grey will work alongside RMB’s existing digital, brand and media…

Kenya: Iron imports rise 69pc on increased economic activity

January 10, 2022

The value of the iron and steel imports rose by 69 percent in the nine months to September driven by increased economic activity and a global price rise of the commodities after supply cuts. The latest Kenya National Bureau of Statistics (KNBS) data shows that the imports of iron and steel in the period shot up to Sh120.77 billion…

Isabel Maganga appointed acting Equity Bank Tanzania Managing Director

December 27, 2021

| Business, Current Affairs, Financials, Home Slide Show, Top News

Dar es Salaam, Tanzania 24th December 2021 –Equity Bank Tanzania has announced the appointment of Ms. Isabel Maganga as the new Managing Director in an acting capacity with effect from 23rd December 2021. Ms. Maganga is a career banker with over fifteen years of experience. She holds a Master of Science in Finance and Investments from Coventry University, a…

Make Tanzania’s agricultural sector more transformative- call to Public and Private sector Actors.

December 22, 2021

| Agriculture, Business, Home Slide Show, Top News

By Anthony Muchoki and Ms Stella Clara Massawe Tanzania’s 6th phase government is intensely focused on accelerating private sector development, the Deputy Permanent Secretary (DPS), Prime Minister Office Mr Kaspar Mmuya has assured. He said the government, through the Second Agriculture Sector Development Programme (ASDP II), has articulated the central role of the private sector in agriculture. According to…

Canon brings the precision and simplicity of the EOS R3 to its range of professional cameras

December 15, 2021

| Business, Tech

Building on user feedback and the success of the EOS R3, Canon’s latest firmware levels up the EOS R5, EOS R6 and EOS-1D X Mark III DUBAI, United Arab Emirates, Canon (Canon-CNA.com) today announces firmware updates for the EOS R5 (firmware v1.50), EOS R6 (firmware v1.50) and EOS-1D X Mark III (firmware v1.60). Following the recent launch of the EOS R3,…

The Mauritius Commercial Bank (MCB) Upgrades its Dubai Presence to Build Stronger Bridges between Africa and Global Markets

December 13, 2021

| Business, Current Affairs

This expansion of the MCB’s scope to the Middle Eastern region is aligned with its mandate to further facilitate transactions to and from Africa PORT LOUIS, Mauritius, The Mauritius Commercial Bank (MCB) (www.MCB.mu) announces that it has been licensed by the Dubai Financial Services Authority to provide Advising and Arranging services. Mr Sebastian Graewert has been appointed as the…

Clickatell’s 2022 Prediction: Brands Will Prioritize Chat Commerce to Improve the Consumer Experience, Becoming a Multi-Billion Dollar Market

December 10, 2021

| Business, Companies, Current Affairs, Tech

Convergence of fast-growing CPaaS, CCaaS, and Digital Commerce sectors drives adoption of Chat Commerce REDWOOD CITY, California, Clickatell (https://bit.ly/3yfdmhr), a leader in mobile communications and Chat Commerce (https://bit.ly/3GqJr8U), collaborated with senior executives across the CPaaS, CCaaS, and Digital Commerce industries to predict the stand-out trends for 2022. The responses point to the consolidation of all three sectors into a…

Verdant Capital named best Local Financial Adviser for 2021 by Private Equity Africa

December 9, 2021

| Business, Companies

Now in its 10th year, the PEA awards are the ultimate accolade of success in the African Private Equity industry JOHANNESBURG, South Africa, Verdant Capital (Verdant-Cap.com) has been named by Private Equity Africa as the best Local Financial Adviser for 2021. Private Equity Africa, or PEA is an authoritative journal for private equity investors in Africa and into Africa. …

Sustainable print high on the agenda – Canon Frontiers of Innovation, Expo 2020 Dubai

December 9, 2021

| Business, Tech

Digital printing and personalisation are major growth drivers DUBAI, United Arab Emirates, The print industry in Africa and the Middle East is growing despite predictions; Digital printing and personalization are major growth drivers; Sustainability is high on the print industry agenda. The future of print in a digital world was in question even before COVID-19. Yet, according to regional…

DHL Global Forwarding expands presence in Algeria with new offices in Algiers and Hassi Messaoud

December 8, 2021

| Business, Companies

Customers of DHL’s Algeria offices can access its digital logistics platform Saloodo!, the entire gamut of CDZ customs brokerage services, and industrial projects DUBAI, United Arab Emirates, DHL (www.DHL.com) to meet growing demand for transport, logistics solutions in Algeria and north Africa; The logistics leader to open an additional office in Oran as part of its growth plans. Following…

Tutuka and Paymentology create the world’s first global issuer-processor spanning 49 countries, to form a new payments and card processing powerhouse

December 6, 2021

| Business, Technology

The move brings together the ultra-advanced, multi-cloud platform of Paymentology, with the global reach and experience of Tutuka LONDON, United Kingdom, In a move upending the hottest part of the fintech market, two of the world’s leading issuer processors – Paymentology (www.Paymentology.com) and Tutuka – are merging to create a new payments and card processing powerhouse. Operating under the…

The coming of resilience policies in development economics, the case of Tanzania

December 4, 2021

| Business, Top News

Book Review: Reviewer: Anthony Muchoki, email anthony.muchoki@gmail.com Title: Learning from Resilience Strategies in Tanzania: An outlook of International Development Challenges Editors: Dr Pascaline Gaborit, Dr Donath Olomi Publisher: Peter Lang Finance: The 380- page book is co-funded by the European Union for Pilot 4 Research and Dialogue in Tanzania. Genre: Business Environment Authors: William Amos Pallangy; Kaihula Bishagazi; Wambura…

Binance Educates Over 400,000 Africans, Expands To Francophone Africa

December 3, 2021

| Business, Current Affairs

Since 2020, Binance has been offering free cryptocurrency education courses across Africa, on topics ranging from user protection to building careers in blockchain, and is now doing the same for Francophone Africans YAOUNDE, Cameroon, As Binance (www.Binance.com) continues its mission to increase the freedom of money for users, drive blockchain adoption and enable greater accessibility, it remains dedicated to…

CEMAC Business Energy Forum organized by PRO MEET UP AND LEARN and ML Consulting Fosters Energy Discussions to Uplift the Region

December 2, 2021

| Business, Energy, Finance

Ministerial representatives from the CEMAC sub-region gathered in Congo-Brazzaville on 29-30 November to participate in the CEMAC Business Energy Forum, discussing the region’s development and inter-regional cooperation BRAZZAVILLE, Congo (Republic of the), The CEMAC Business Energy Forum, organized by Pro Meet Up and Learn and ML Consulting, which took place in Congo-Brazzaville on 29-30 November, concluded with interactive reflections…

Binance To Host Its First Offline Event In Cameroon

December 2, 2021

| Business, Technology

Binance continues to ensure crypto enthusiasts have access to the right information about the workings of the ecosystem YAOUNDE, Cameroon, Binance (Binance.com), the world’s largest cryptocurrency exchange and blockchain ecosystem, will hold its first offline event for crypto enthusiasts in Cameroon as it continues its mission to increase the freedom of money, drive blockchain adoption and enable greater financial…

How seamless payment experiences make retail brands more valuable and relevant (By Gilbert Lungu)

December 2, 2021

| Business, Technology

Awareness and adoption of digital-first grocery shopping experiences, particularly from a payment perspective, were steadily growing LUSAKA, Zambia, – By Gilbert Lungu, Country Manager for Zambia at Cellulant (https://Cellulant.io/) As established brands in the retail sector aggressively compete to acquire, cultivate, and defend their share of the Zambian consumer’s spend, those that connect, engage, and transact in the most unified and…

TECNO Shared Recent Breakthroughs in Mobile Camera Technologies: RGBW/ G+P, Sensor Shift and Telescopic Lens

December 2, 2021

| Business, Technology

Highlighted its advances in dark complexion imaging and recent breakthroughs regarding light sensitivity, image and video stabilization, zoom and high-resolution HONG KONG, China, TECNO (www.TECNO-mobile.com), a premium smartphone brand focusing on global emerging markets, outlined its latest technologies and achievements at a webinar entitled “Global Mobile Camera Trends 2022: Innovation Talk (https://bit.ly/3xNgscr)”. The event was organized with Counterpoint. Webinar…

U.S.-Nigeria Commercial Ties Deepen as Burger King Celebrates Nigeria Expansion

December 1, 2021

Burger King partnered with local firm Allied Food & Confectionary Services Limited to make the long-awaited market entry LAGOS, Nigeria, The U.S. Mission in Nigeria hails growing U.S.-Nigeria commercial ties as American brands and franchises expand to Nigeria, bringing jobs and investment. Delivering remarks during the grand opening of Burger King’s first outlet in Nigeria, U.S. Mission Commercial Counselor…

ECOWAS Commission and UNECA organize a technical review of the draft Regional AfCFTA Implementation Strategy

December 1, 2021

| Business, Current Affairs

The African Continental Free Trade Area Agreement which entered into force on May 2019 will create the largest free trade area in the world LOMé, Togo, The ECOWAS Commission, in collaboration with the United Nation Economic Commission for Africa (UNECA), organized a meeting on 23-25 November 2021 in Abidjan – Cote d’Ivoire, to review the draft Regional AfCFTA Implementation…

UNIDO, Zambia sign a five-year Programme for Country Partnership

November 30, 2021

| Business, Relationships

The Programme for Country Partnership (PCP) will strengthen existing and forge new partnerships for the inclusive and sustainable industrial development of Zambia VIENNA, Austria, LI Yong, Director General of the United Nations Industrial Development Organization (UNIDO), and Chipoka Mulenga, Zambia’s Minister of Commerce, Trade and Industry, have signed a five-year Programme for Country Partnership (PCP) on the occasion of the Eighth Forum on Inclusive…

2021 Africa Investment Forum Postponed

November 30, 2021

| Business, Current Affairs

The African Development Bank Group and the Government of Côte d’Ivoire wish to thank previously expected participants and delegations and look forward to hosting the event at a future date ABIDJAN, Ivory Coast, Following consultations with the Government of Côte d’Ivoire and the Board of Directors of the African Development Bank Group (www.AfDB.org), the 2021 Africa Investment Forum scheduled…

TECNO, Samsung Electronics and DXOMARK Forecast Mobile Camera Trends 2022 at A Counterpoint Webinar

November 30, 2021

| Business, Tech

Speakers Tarun Pathak, Hervé Macudzinski, Pan Xuebao, and Jimmy Hsu shared their insights on camera innovation, market trends, and the latest developments in imaging technology HONG KONG, During a webinar entitled “Global Mobile Camera Trends 2022: Innovation Talk”, experts in the field of optical imaging technology along with leading industry research analysts discussed how camera systems are evolving, and…

Whiter green economy in Tanzania? Pilot4Research and Dialogue seeks inclusive pathway to green economic recovery in the wake of COVID 19

November 29, 2021

| Business, Top News

By Faidamax.com Pilot4Research and Dialogue team members have organised a green economy dialogue in Tanzania, on the 30th of November, 2021, which will be online. The organisers note that in the aftermath of the COVID 19 pandemic, green recovery appears to be massive potential for development and youth. The Virtual Dialogue on “Moving Towards Green Economy,” which will explore…

November 19, 2021

2021 Africa’s Business Heroes Winners Announced The Top 10 represent seven African countries, with 80% operating businesses in rural areas and half of the finalists are female ACCRA, Ghana, — Entrepreneurs from Egypt, Kenya and Nigeria make the Top Three; top 10 Finalists pitched live in a virtual grand finale connecting 14 locations across the world. The 2021 Africa’s Business…

Lerato Chiyangwa Celebrates her Proud Moment as a Finalist in the Standard Bank Top Women Awards 2021

November 16, 2021

| Business, Financials

JOHANNESBURG, South Africa/ — APO Group’s (www.APO-opa.com) Senior Account Manager Lerato Chiyangwa is all smiles with her recent accolades received in the annual Standard Bank Top Women Awards 2021 – Africa’s acclaimed business award for women. The Standard Bank Top Women Awards (www.TopBusinessWomen.co.za) recently took place where top tier South African women in business were celebrated and honoured. Thirty-one-year-old Chiyangwa…

USAID DESIGNATES 21 HIGH-PRIORITY COUNTRIES UNDER THE WATER FOR THE WORLD ACT, INCLUDING FOUR NEW COUNTRIES

November 16, 2021

The U.S. Agency for International Development (USAID) announced its annual list of high-priority countries for safe and resilient water, sanitation, and hygiene assistance. Aligned with the requirements in the Water for the World Act of 2014, these partner countries will be the primary focus of the U.S. government’s investments to build a more water-secure world amid ongoing challenges of the…

AGRA President: Village based hands on experts crucial for Inclusive Agricultural Transformation

November 15, 2021

| Agriculture, Business

AGRA (Alliance for a Green Revolution in Africa) is analysing the expanding profile of Village-based Advisors (VBAs), to inform the development of AGRA’s 2030 strategy as it seeks to reach even more smallholder farmers. ‘’As we design our next strategy we want to make sure it will be informed by what we are learning from important partners such as…

South Sudan: Building the Nation Through the Energy Industry

November 14, 2021

| Business, Energy

By introducing multi-sector opportunities within South Sudan, international and regional investors engaged in an inclusive panel discussion surrounding advancements in the country’s oil, gas, and power industries at African Energy Week 2021, held at the V&A Waterfront in Cape Town CAPE TOWN, South Africa– The final day of African Energy Week 2021’s conference and exhibition featured a spotlight on South…

Barrows Hotel Enterprises internationally manages over 10,000 hotel rooms in more than 10 countries, seeks to up game

November 12, 2021

Barrows Hotel Enterprises Focuses on Hotel Improvements The organization has been involved in hotel investments since 2008 and advising hotel operators on acquisitions and operational issues DUBAI, United Arab Emirates, November 12, 2021/ — Barrows (BarrowsHotels.com), the provider of hotel investment and advisory services for hotels in the Middle East and Africa is expanding its professional core activities with Property Improvement…

Its all systems go for the 8th edition of the high-powered “Southern Africa Europe CEO Dialogue”

November 10, 2021

JOHANNESBURG, South Africa, November 10, 2021/ — Some of Africa and Europe’s biggest blue chip business leaders will convene in Johannesburg this month to unlock economic opportunities in high-growth sectors at the 8th edition of the high-powered “Southern Africa Europe CEO Dialogue”. Organised by The European House – Ambrosetti, N.1 Think Tank in Italy, N.4 in Europe and among the top…

Moody’s Affirms African Development Bank AAA Rating, Stable Outlook

November 2, 2021

| Business, Top News

The bank’s liquidity buffer is among the strongest within the AAA-rated peer group, with liquid assets covering 101% of net cash outflows over an 18-month horizon ABIDJAN, Ivory Coast– Moody’s Investors Service (“Moody’s”) has affirmed the African Development Bank’s (www.AfDB.org) Aaa long-term issuer and senior unsecured ratings. The outlook remains stable. In a rating action note dated 28 October…

The institution that was supposed to be the Harvard of Kenya is now down on its knees

November 2, 2021

| Business, Top News

Evelyn Mudaki-phd on Moi University. After coming across a circular of a looming Closure of Moi University, I have never been so excited yet so traumatized concurrently. I have been in the education field for long and I can, though unscientifically confirm that Moi University, one of the largest universities in Kenya is dead and long gone.I was hired…

EAC to benefit from USAID new food security strategy

October 22, 2021

| Business, Health, Home Slide Show, Top News

USAID ANNOUNCES NEW U.S. GOVERNMENT GLOBAL FOOD SECURITY STRATEGY Administrator Samantha Power has announced the updated and enhanced U.S. government Global Food Security Strategy (GFSS), at an event hosted by the White House and joined by Secretary of Agriculture Tom Vilsack. Administrator Power announced that the updated GFSS aims to contribute to reducing poverty and child stunting by 20…

Facing Climate Crisis, Secretary-General Urges More Funding for Urban Adaptation, Resilience, Marking World Cities Day

October 22, 2021

| Business, Current Affairs, Top News

Following is UN Secretary-General António Guterres’ message for World Cities Day, observed on 31 October: Cities are hubs of innovation and human ingenuity — and potential centres for transformative action to implement the Sustainable Development Goals and build a zero-carbon, climate-resilient and socially just world. The theme of this year’s World Cities Day, “Adapting Cities for Climate Resilience”, comes at…

Adanian Labs partners with EMURGO Africa to scale blockchain start-ups in Africa

October 20, 2021

| Business, Current Affairs, Tech

EMURGO has invested a 7x figure undisclosed amount as a seed investment to Adanian Labs through its newly launched EMURGO Africa investment entity NAIROBI, Kenya, October 15, 2021/ — EMURGO is the official commercial arm of Cardano blockchain; This investment is part of EMURGO Africa, a subsidiary of EMURGO’s new $100 million Cardano ecosystem investment vehicle; The undisclosed funding will…

São Tomé and Príncipe: African Development Fund extends a USD 10.7 Million Grant to Support SMEs in Agriculture and Tourism

October 11, 2021

| Business, Industrials

The project aims to improve the business environment by removing specific bottlenecks that hinder private sector-led growth ABIDJAN, Ivory Coast, October 11, 2021/ — The Board of Directors of the African Development Fund approved on Wednesday in Abidjan, a grant of US $ 10.7 million to São Tomé and Príncipe for the implementation of the first phase of…

Tanzania: Abella Tarimo on Celebrating Customer Service Week.

October 7, 2021

| Business, Top News

NMB People Customer service is reactive and Customer Experience puts the customer at the centre of all decisions. To celebrate, Customer Service Week – Abella Tarimo gives us an insight on the difference between Customer Service and Customer Experience, how the two work in an organization and how customer service has evolved throughout the years. Q. What is customer…

Climate action now! Activists hold widespread actions in Africa, in solidarity with Global Climate Strikes

September 28, 2021

| Business, Current Affairs

The events took place in the Democratic Republic of Congo, Togo, Uganda, Kenya, Ghana and Nigeria NAIROBI, Kenya, September 24, 2021/ — On Friday, environmental activists and citizens across the continent took part in a host of events, in solidarity with the Global climate strikes, highlighting the need for urgent climate action. The events took place in the Democratic…

The President of Tanzania, Merck Foundation CEO, The Prime Minister of TOGO, and Vice Presidents of Uganda and Benin named as Most Influential African Women

September 17, 2021

| Business, Top News

ACCRA, Ghana, September 17, 2021/ — The President of Tanzania, SAMIA SULUHU HASSAN; Merck Foundation CEO, Senator, Dr. Rasha Kelej; The Prime Minister of TOGO, H.E. VICTOIRE TOMEGAH DOGBÉ, The Vice President of Uganda, H.E. JESSICA ROSE EPEL ALUPO and The Vice President of Benin, H.E. MARIAM CHABI TALATA amongst 100 Most Influential African Women 2021; The list of 100…

African Energy Week in Cape Town committed to a real discussion on the future of carbon markets in Africa, with challenges and opportunities at the forefront of dialogue

September 17, 2021

| Business, Top News

African Carbon Markets and the Journey to a Net-Zero Future JOHANNESBURG, South Africa, September 17, 2021/ — African Energy Week (AEW) 2021 in Cape Town is committed to providing a real conversation on the issues facing African people and African businesses, offering attainable solutions through which the oil and gas industry can help drive. With global stakeholders pledging net-zero…

AGRF Summit: Dr Philip Mpango wants UN Food Systems Summit to address agriculture financing

September 12, 2021

| Business, Essentials, Top News

Tanzania is committed to agriculture transformation agenda to improve the food system so as to ensure national food security and improve social-economic security. Vice-President Dr Philip Mpango, virtually addressing the just ended African Green Revolution Forum (AGRF) 2021 Summit in Nairobi, said Tanzania had put in place policies and strategies for continued agriculture growth. The Vice President spoke…

US$110,000 Awarded to Young Agrifood Changemakers

September 12, 2021

Third Annual Generation Africa GoGettaz Agripreneur Prize Competition Two agribusinesses working towards food systems transformation in Africa win grand prizes in the third annual GoGettaz Agripreneur Prize Competition NAIROBI, Kenya,– Fourteen inspiring, young entrepreneurs from across Africa, pitched their innovative agribusinesses to influential judges and delegates at the pitch finale of the Generation Africa GoGettaz Agripreneur Prize (https://GoGettaz.africa) competition…

Serengeti District Authorities in Mara Region have vowed to continue with fight against poaching in the world famous Serengeti National Park.

September 11, 2021

| Business, Top News

Serengeti Intensifies Fight Against PoachingThe two-day anti-poaching marathon was organized by Serengeti Tourism College (SETCO) through Serengeti Tourism Sports Agency (SETSA) TEL AVIV, Israel, September 11, 2021/ — Serengeti District Authorities in Mara Region have vowed to continue with fight against poaching in the world famous Serengeti National Park. Serengeti District Commissioner (DC), Dr. Vicent Mashinji cautioned that stern…

AGRF: Tanzania Vows to Enhance Security

September 11, 2021

| Business, Top News

Agriculture is seen as central to industrialisation and a source of livelihood for approximately 65 percent of the Tanzanian population TEL AVIV, Israel, September 11, 2021/ — Vice-President, Dr. Philip Mpango has reaffirmed Tanzania’s commitment to improve the agricultural sector and boost food security for socio-economic prosperity. In realising agricultural sector transformation and growth, the government has been taking…

Justine Nyachieo: 5 reasons why you are always broke and what you can do about it

September 11, 2021

| Business, Money, Top News

By Justine Nyachieo Despite many efforts to beef up your income and slim down expenses, you are still somehow broke. You have always wanted to regain your financial freedom but that so far looks like mission impossible. What could be going wrong? Why are you always broke? (1) You Are Caught Up In the Gambling Craze Whether it is…

Solomon Mugera appointed African Development Bank Group Director, Communication and External Relations

September 9, 2021

| Business, Home Slide Show, Top News

The African Development Bank Group is pleased to announce the appointment of Mr. Solomon Mugera as Director, Communication and External Relations, effective 1 October 2021 ABIDJAN, Ivory Coast, September 8, 2021/ — Mr. Mugera, a Kenyan national, brings extensive experience to this role. He is a seasoned journalist and media manager with over 20 years of expertise working internationally….

Improvement in access to water becomes a life-changer for residents of a refugee camp in Abidjan

September 9, 2021

| Business, Home Slide Show, Politics, Top News

After years of witnessing fights over water, a family’s life is transformed in a refugee camp in Zimbabwe New high-capacity boles and an irrigation system were installed with funding from the African Development Bank ABIDJAN, Ivory Coast, September 8, 2021/ — For years, Josephine Mbayo watched as fights broke out in her community over water. “There was only…

Tech Innovations for African Farmers: Founders of ColdHubs, Hello Tractor Wins Inaugural AYuTe Africa Challenge

September 9, 2021

| Business, Top News

A combined US$1.5 million in grants to help fund rapid expansion plans, providing much-needed services for smallholder farmers: ColdHubs for its solar-powered pop-up cooling stations; Hello Tractor for its creative solution to Africa’s farm machinery challenges NAIROBI, Kenya, September 8, 2021/ — Nnaemeka Ikegwuonu, founder and CEO of ColdHubs, a Nigerian business that provides solar-powered, walk-in coolers for smallholder…

ICRISAT recognized for helping 25 million farmers in 13 countries to improve income and food production

September 8, 2021

| Business, Current Affairs, Home Slide Show, Top News

Awarded 2021 Africa Food Prize Recognized for helping 25 million farmers in 13 countries to improve income and food production Nairobi, Kenya, September 8, 2021 – The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has been awarded the 2021 Africa Food Prize, for work that has improved food security across 13 countries in sub-Saharan Africa. ICRISAT, a CGIAR…

AGRF 2021 Summit kicks off to transform Africa’s food systems

September 7, 2021

| Business, Top News

Stakeholders call for investment, collaboration and inclusivity in agriculture; a post pandemic priority to tackle hunger and grow value of Africa’s agricultural sector Nairobi September 7, 2021 – The AGRF 2021 Summit kicked off today in Nairobi, Kenya convening close to 7,000 participants virtually, including African presidents, agriculture Ministers, agricultural stakeholders and experts to discuss ways the continent can transform food systems…

Tanzania agriculture investment opportunities in the spotlight on global AGRF Summit

September 7, 2021

Dar es Salaam/Nairobi The 2021 AGRF Summit was flogged off today 07 09 2021 in Nairobi, hosted by President Uhuru Kenyatta, under the banner “Pathways to recovery and resilient food systems.” Tanzania, as one of the most food-secure African nations, is expected to feature prominently. A cross-section of stakeholders in Tanzania gathered at Southern Agricultural Growth Corridor of Tanzania…

Africa’s largest-ever data centre expansion plan

September 5, 2021

| Business, Technology, Top News

10 Interconnected, cloud- and carrier neutral data centres will be built across the length and breadth of the continent in an unrivalled $500m investment in Africa’s digital future JOHANNESBURG, South Africa, September 3, 2021/ — Africa’s leading carrier-neutral co-location data centre provider, Africa Data has announced plans to build large hyperscale data centres throughout Africa, including the North African countries…

Tanzania: Noted high demand for renewable energy production and consumption

September 5, 2021

| Business, Energy, Finance, Financials, Top News

Micro Finance Institutions(MFIs) asked to adopt renewable energy financing models There is a high demand for renewable energy production and consumption across Tanzania, which microfinance institutions(MFIs) can unlock, as a way of addressing energy poverty, and creating a new revenue niche. That was the general assertion by workshop participants organised by the Tanzania Association of Microfinance Institutions (TAMFI) senior-level…

Human activity is leading to rise in climate variability- Dr Kurauka

September 2, 2021

| Business, Top News

Nairobi, Kenya 2 September 2021: African governments have been advised to integrate climate change concerns in all their national development plans, programmes and policies, Dr. Joseph Kurauka, a Kenyatta University Don in Nairobi has said. Speaking at the Nairobi Summer School on Climate Justice currently ongoing at the Kenyatta University, Dr. Kurauka said rapid population growth, weak enforcement of…

Nigeria: Federal and state governors endorse Special Agro-industrial Processing Zones Programme: African Development Bank and partners to mobilize $520 million for Phase 1

September 2, 2021

| Business, Top News

Special Agro-industrial Processing are a flagship initiative of the Bank’s ‘Feed Africa’ strategic priority ABUJA, Nigeria, September 1, 2021/ — Nigeria’s Federal and State governments have expressed overwhelming support for an initiative to create Special Agro-industrial Processing Zones (SAPZ) – public-private partnerships aimed at developing priority value chains through developing infrastructure in rural areas, focused on finishing and…

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