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HomeBreaking NewsAfrica CEO Network NEWS | 12 November 2021

Africa CEO Network NEWS | 12 November 2021

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Entravision expands into Africa and acquires advertising solutions company 365 Digital

Diversified global media, marketing and technology company Entravision has acquired 365 Digital, a digital advertising solutions company headquartered in South Africa. This investment provides Entravision with a geographic foothold in Africa, as the Company looks to expand its breadth of digital services to new emerging markets.

Headquartered in Cape Town, South Africa, 365 Digital maintains exclusive sales representations with TikTok, the leading destination for short-form mobile video and brand…

 

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Liquid Intelligent Technologies launches OneVoice for Cloud PBX in six African markets

Liquid Intelligent Technologies launched OneVoice for Cloud PBX offering in six key African markets. This is part of the organisation’s investment as it partners with its customers in their digital transformation journeys that have accelerated due to the pandemic.

The OneVoice for Cloud PBX solution will assist businesses irrespective of their size in their telephony and collaboration needs. The solution is powered by a single integrated platform  converting  legacy PBX telephony system into a cloud-based…

 

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InfraCo Africa and Helios establish new climate-focused investment vehicle for Africa

InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) and Helios Investment Partners (Helios) are working together to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR).

CLEAR will fund climate-aligned infrastructure and growth businesses whilst also working towards achievement of the UN Sustainable Development Goals. The initiative will address the growing demand from domestic and international investors for sustainable investment opportunities that can help to close…

 

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African telecommunications group Econet launches Cassava Technologies

African telecommunications group Econet, announced the launch of Cassava Technologies, bringing together Econet’s digital services and digital infrastructure product segments encompassing fiber broadband networks, data centers, renewable energy, cloud & cybersecurity, fintech, and digital platforms.

Cassava Technologies, headquartered in London, is Africa’s first integrated tech player of continental scale at the forefront of technology innovation, with operations and activities in most African countries. Its product segments provide digital…

 

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[South Africa] Johannesburg Stock Exchange announces commitment to supporting net zero by 2050

The Johannesburg Stock Exchange, JSE, has joined the Race to Zero Partner Initiative through the Net Zero Financial Service Providers Alliance (NZFSPA), and the Glasgow Financial Alliance for Net Zero (GFANZ) to promote and champion sustainability measures within South Africa, and internationally,  and has committed to supporting net zero by 2050.

These alliances encourage the financial sector to align with a target to limit the rise in global temperatures to 1.5 oC and use their respective mandates in achieving this goal…

 

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[Kenya] Capital Markets Authority licenses two non-dealing online forex trading brokers

The Capital Markets Authority (CMA) has announced the grant of licenses to HFM Investments Limited and Windsor Markets (Kenya) Limited to operate as non-dealing Online Foreign Exchange Trading brokers lifting the number of entities in this space to six.

In a statement released to newsrooms, the CMA Chief Executive Wyckliffe Shamiah noted, ‘the Authority is pleased to grow the pool of licensed entities that can offer non-dealing online foreign exchange trading services to investors…

 

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NBK-Egypt invests EGP 850 million in Madkour for Projects Company

National Bank of Kuwait – Egypt (NBK-Egypt) has provided a finance of EGP 850 million to Madkour for Projects Company, one of the national companies in the field of energy and infrastructure projects, for the purpose of carrying out the works assigned to the company by the Ministry of Housing to replace and upgrade medium and low voltage electricity networks in some villages of Markaz Esna and Markaz Armant in Luxor Governorate.

The financing agreement was signed at NBK-Egypt’s head office in the presence of Mr. Yasser El-Tayeb, NBK – Egypt Vice Chairman, Managing Director & CEO, where the agreement…

 

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Tlou Energy, Synergen Met partner to produce green hydrogen at the Lesedi Power Project in Botswana

Tlou Energy and hydrogen technology partner Synergen Met (SM) are working on combining large, established natural gas reserves with abundant solar energy to produce green hydrogen at the Lesedi Power Project in Botswana, to provide a complementary range of cleaner and greener power generation options.

Tlou has secured a 10MW Power Purchase Agreement (PPA) with Botswana Power Corporation, and power dispatch under this PPA will help displace existing carbon-intensive power…

 

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Globeleq consortium to build 12 renewable projects in South Africa

Globeleq, Africa’s independent power company and the majority partner in the Ikamva Consortium, has been selected to contribute more clean and renewable wind and solar projects across the country.

The six wind and six solar PV projects will total 1,274 MW of generation capacity adding to Globeleq’s nine majority owned and operated wind and solar assets in Africa, which have a total capacity of 450 MW.  Globeleq and its partners in the Ikamva Consortium were named by South Africa’s…

 

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Emirates reintroduces services to Algiers, extends African network to 21 cities

Emirates announced the reintroduction of its flights to Algiers, Algeria, as of  9 November. Flights from Dubai to Algiers will operate twice a week.

The resumption of flights to Algiers boosts Emirates’ African network to 21 destinations, and represents a full restoration of the airline’s operations into North Africa. With the easing of travel restrictions, and the acceleration of passenger demand, the airline is advancing its plans to expand its presence across Africa, and will operate 116 weekly flights into the continent…

 

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IFC, Proparco and EAIF invest in cement producer CIMAF to meet rising demand in West Africa

IFC, Proparco, the French Development Institution and Emerging Africa Infrastructure Fund (EAIF) are partnering with Ciments de l’Afrique (CIMAF), a subsidiary of Omnium des Industries et de la Promotion (OIP), to help the company boost its production of cement in West Africa to meet growing demand for housing and infrastructure in the region.

IFC arranged a €161.25 million financing package for CIMAF, which includes a loan of €92.5 million from IFC’s own account, a parallel loan of €33.75 million from Proparco, and a B Loan…

 

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[Nigeria Business Week] Andrea Ayemoba: Nigeria enters green market, takes on AfCFTA implementation

The collaboration of government with industries is crucial for economic progress, be the market large or small. Nigeria knows this and is taking steps to work closely and create better transparency in one of the country’s most robust industries – oil and gas – by mandating ownership disclosure of oil assets.

Free trade on the continent, and indeed within Nigeria, remains an issue of concern. Implementation of the Free Trade Area (AfCFTA) depends to a large extent on Nigeria’s enforcing its protocols. This becomes a tall order, seeing as local trade…

 

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[Africa Cloud Review] Simon Ngunjiri: Cloud is essential to modern-day manufacturing

The manufacturing sector in Africa plays a significant role in driving economic growth, job creation, and lifting people out of poverty. When the pandemic hit, the sector, just like all the other sectors recorded a massive decline in output.

Manufacturers decided to prioritise cost reduction while at the same time increasing revenue. With the Fourth Industrial Revolution underway, manufacturers as Francis Wainaina, Senior Product Manager at SEACOM East Africa said in a recent column are being pushed to embrace technological…

 

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[Column] Philip Myburgh : African businesses should diversify supply chains to mitigate global logistics crunch

The world of international trade is currently dealing with a perfect storm of challenges on multiple fronts. This is having adverse consequences for global supply chains, many of which rely on exports to and imports from China – where much of the friction is emanating from.

With the rollout of global vaccination programmes continuing at a healthy pace, there has been cautious optimism that economic activity will continue to recover and return to a semblance of normality. However, as it stands, the trade…

 

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The role of digital tech in efficient ports and free trade

As Africa’s economy recovers from the impact of the pandemic, how are ports keeping up? Not quickly enough — according to The Star’s (Kenyan Newspaper) report “Africa’s Ports: Rapid Transformation”.

The report points to the fact that the existing infrastructure at many ports is insufficient for current demand. At the same time, port congestion is a critical challenge for ports across the continent. In August, Nigeria’s main port experienced server failure, which slowed port operations, including goods…

 

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[Column] Bridgette Vermaak: Making IT Asset Disposal sustainable

Disposing of old electronics has become a business critical process with the introduction of new laws and regulations. Companies need to implement a sustainable IT asset program by engaging with a reputable IT asset management company that can provide the effective recovery, reuse and retirement of redundant IT assets.

Sustainability means keeping IT assets in use for as long as possible instead of disposing of them at an early stage. It’s time to move away from the traditional linear model by…

 

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[Africa Tech Review] Duncan Mochama: DDoS attacks up by 300% in Africa since 2019

Distributed denial-of-service (DDoS) attacks have been on the rise in Africa the last few years. The latest figures from SEACOM, a leading pan-African ICT service provider released this week revealed that these attacks increased by 300% in 2021, compared to the same period in 2019.

At the same time, Nokia 2021 Threat Intelligence Report released this week shows that banking malware threats are sharply increasing as cybercriminals target the rising popularity of mobile banking on smartphones, with plots…

 

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News Headlines

 

12-11-2021 | 09:09:00
Emirates reintroduces services to Algiers, extends African network to 21 cities

Emirates announced the reintroduction of its flights to Algiers, Algeria, as of 9 November. Flights from Dubai to Algiers will operate twice a week. The resumption of flights to Algiers boosts Emirates’ African network to 21 destinations.
12-11-2021 | 09:05:00
Alstom and Egyptian National Railways Authority ink deal to to modernise the Tanta – Zifta – Zagazig mainline

In addition, the contract includes the testing and commissioning of signalling, telecom and power systems, civil works, trenching works and track-works including doubling of the track.
10-11-2021 | 14:34:50
Digital payments startup MFS Africa raises $100 million to expand across the continent

MFS Africa, Africa’s digital payments network, has raised $100 million through an equity and debt financing round.
10-11-2021 | 10:29:02
[Kenya] KEPSA partners with Xetova on supply chain transformation

The agreement was sealed with the signing of a Memorandum of Understanding (MoU) that was signed by KEPSA CEO Ms. Carole Kariuki and Mr. Bramuel Mwalo, Managing Director, Xetova Limited at the KEPSA offices.
09-11-2021 | 12:09:17
Entravision expands into Africa and acquires advertising solutions company 365 Digital

This investment provides Entravision with a geographic foothold in Africa, as the Company looks to expand its breadth of digital services to new emerging markets.
09-11-2021 | 09:43:00
Mastercard and Paymob launch Tap-On-Phone in Egypt, a new digital payment solution for small businesses

Paymob, Egypt’s pioneer in digital payments, has partnered with Mastercard to launch the Tap-on-Phone digital payment acceptance service in Egypt, the first-of-its-kind in the country.
08-11-2021 | 12:32:34
AfDB, AUC and UNECA pledge more resources to improve land governance in Africa

The African Development Bank, the African Union Commission (AUC), and the United Nations Economic Commission for Africa (UNECA) have pledged to work more closely with governments to beef up land governance systems.
03-11-2021 | 14:55:00
CP Kelco expands distribution relationship with Azelis in the EMEA region

CP Kelco, a global leader of nature-based ingredient solutions, announced it will expand its distribution relationship with Azelis in Europe, the Middle East, and Africa.
02-11-2021 | 10:12:17
Kenyan HR Company Workpay expands into Nigeria

Nigeria will act as the company’s hub for the West Africa region. Workpay is a graduate of Y Combinator and Google for Startups Africa.
02-11-2021 | 10:09:38
Climate Finance Partnership mobilizes $673 million to accelerate net zero transition in emerging markets

A global consortium of 22 investors including governments, philanthropies, and institutional investors committed to the fundraise, which was oversubscribed and exceeded its target of $500 million.
02-11-2021 | 07:36:00
U.S. government provides $125m in economic assistance to Egypt

The U.S. government, through the U.S. Agency for International Development (USAID), and the Ministry of International Cooperation announced seven bilateral assistance agreement amendments worth $125 million in Egypt.
29-10-2021 | 10:21:00
Stimuler la production industrielle du Nigeria pour accélérer sa croissance économique et son développement

Le président du Groupe de la Banque africaine de développement, a appelé le Nigeria à stimuler sa production industrielle pour accélérer sa croissance économique et son développement.
29-10-2021 | 10:09:00
D’éminents scientifiques forestiers appellent à un arrêt des nouvelles exploitations forestières au Congo

Les écologistes craignent qu’un accord forestier d’un milliard de dollars en RDC qui doit être annoncé à la COP26 ne donne le feu vert à une nouvelle exploitation massive de la deuxième plus grande forêt tropicale du monde.
27-10-2021 | 09:17:00
B2Gold sells Burkina Faso projects to West African Resources

The closing of the Kiaka Transaction is subject to certain customary conditions, including completion of a transaction between WAF and GAMS-Mining F&I Ltd.
27-10-2021 | 09:09:23
Andersen Global enhances African platform with Cameroon-based collaborating firm

Phoenix Advisory includes Managing Partner Albert Désiré Zang and more than 10 professionals. The firm provides tax services to individuals, businesses and corporations based in Cameroon and other African countries.

 

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