(IN BRIEF) Metso has secured an order to carry out repairs and enhancements to a bucket-wheel stacker reclaimer at a customer’s stockyard in Africa. The project will involve upgrades to mechanical, structural, and electrical components, aimed at improving operational efficiency, … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Technology
Tagged Africa, bucket-wheel stacker reclaimer, equipment modernization, material handling, Metso, mining, partnership, repairs, service solutions, stockyard operations, sustainability, Upgrades
(IN BRIEF) A new partnership, strengthened by the UAE-France High-Level Business Council and the UAE-France Framework for Cooperation in Artificial Intelligence, is set to bolster clean energy access in emerging markets. Masdar, TotalEnergies, and EPointZero have formalized a collaboration to … Read the full press release
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Africa, clean energy, decarbonization, EPointZero, France, H.E. Dr. Sultan Al Jaber, H.E. Mariam Almheiri, INDIA, Masdar, Mohamed Jameel Al Ramahi, partnership, Patrick Pouyanné, Peter Abraam, renewable energy, Southeast Asia, Stéphane Michel, sustainability, TotalEnergies, UAE, UAE-France High-Level Business Council
(IN BRIEF) Vodafone Greece’s cable landing station at Tympaki, Crete, has received the 2Africa subsea cable, the world’s largest cable system. The system promises to enhance internet speed and reliability in Greece, while the broader 2Africa project, launched in 2020, … Read the full press release
Posted in Business, Environment, European Union, Financial, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom, United Kingdom
Tagged 2Africa, Africa, Alcatel Submarine Networks, ASIA, China Mobile International, Crete, digital economy, Europe, fibre optic cable, global connectivity, India-Europe-Xpress (IEX), international data traffic, internet capacity, Meta, partnership, Subsea Cable, subsea cables, sustainability, Telecom Egypt, telecom infrastructure, telecommunications, Tympaki, vodafone, Vodafone Greece, WIOCC
(IN BRIEF) The European Investment Bank (EIB) has committed €15 million to the I&P Afrique Entrepreneurs 3 (IPAE 3) fund, aimed at supporting small and medium-sized enterprises (SMEs) across Africa. The initiative, which focuses on key sectors like agriculture, health, … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business, Technology
Tagged ACP Trust Fund, Africa, economic growth, EIB, EU, European Investment Bank, financing, gender inclusion, Global Gateway, I&P Afrique Entrepreneurs 3, investment, IP, IPAE 3, job creation, Madagascar, partnership, small and medium-sized enterprises, SMEs, sustainability, sustainable development, sustainable growth, Team Europe, West Africa, Women Entrepreneurship
(IN BRIEF) SES has secured a €125 million loan from EIB Global to expand its O3b mPOWER satellite network with three additional satellites. The loan will support the network’s efforts to provide high-performance broadband to underserved regions, particularly in Africa, … Read the full press release
Posted in Aviation & Aerospace, Banks, Business, Economy, Financial, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Africa, ASIA, connectivity, Digital connectivity, e-governance, Education, EIB Global, EU Space Programme 2021-2027, EU strategic autonomy, Europe, Global Gateway initiative, Healthcare, high-performance broadband, Latin America, medium earth orbit, MEO, O3b mPOWER, partnership, Robert de Groot, Sandeep Jalan, satellite network, SES, space technology, space-based data traffic, urban-rural digital divide
(IN BRIEF) TotalEnergies has extended its partnership with the Confederation of African Football (CAF) for another four years, continuing its sponsorship of major football events across the continent. The agreement includes support for high-profile tournaments such as the CAF Africa … Read the full press release
Posted in Business, Energy, Gas & Oil, Entertainment, Financial, France, Government, Industrial, Investment, Management, Marketing, News, Sports
Tagged Africa, Africa Cup of Nations, African Schools Football Championship, CAF, CAF Awards, CAF competitions, champions league, Confederation Cup, Dr Patrice Motsepe, football development, Futsal Africa Cup of Nations, partnership, Patrick Pouyanné, renewable energy, sponsorship, Super Cup, TotalEnergies, U-17 Africa Cup of Nations, U-20 Africa Cup of Nations, U-23 Africa Cup of Nations, Women’s Africa Cup of Nations, youth football, youth programs
(IN BRIEF) The University of Exeter has formed a transformative partnership with Ain Shams University in Cairo to establish the first-ever Russell Group branch campus in Africa. This collaboration will offer globally accredited programs, including undergraduate and postgraduate degrees, and … Read the full press release
Posted in Business, Education, Financial, Government, Industrial, Investment, Management, News, Science, Technology, United Kingdom
Tagged academic collaboration, Africa, Ain Shams University, branch campus, Cairo, cultural exchange, dual degree options, EGYPT, Egypt Vision 2030, faculty exchange, Gareth Bayley, global challenges, higher education reform, Interdisciplinary Education, job market, MoU, partnership, postgraduate programs, professional development, Professor Lisa Roberts, Professor Mohamed Ayman Ashour, research initiatives, Russell Group, skill gaps, student exchange, UK, undergraduate programs, University of Exeter
(IN BRIEF) METLEN Energy & Metals’ bauxite project in Ghana has been recognized as a flagship initiative under the European Union’s Global Gateway program for 2025. This strategic investment aims to enhance Europe’s autonomy in critical raw materials and support … Read the full press release
Posted in European Union, Greece, Investment, Metals and Minerals
Tagged Africa, alumina, aluminum industry, autonomy, Bauxite, bauxite project, critical raw materials, Energy & Metals, EU, European Union, Europe’s competitiveness, flagship initiatives, GHANA, Global Gateway, green transition, Metlen, Ninayhin–Mpasaaso, primary aluminum, scoping studies, strategic investment, supply chains, Sustainable Resource Management
(IN BRIEF) At the 2024 Africa Investment Forum in Rabat, Morocco, the European Investment Bank (EIB) announced major commitments to support sustainable development in Africa. Key initiatives include a $80 million investment in the Pembani Remgro Infrastructure Fund II, the … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Media, News, Society, Technology
Tagged Africa, Africa Investment Forum, Ambroise Fayolle, European Investment Bank, Inclusion, infrastructure, INNOVATION, partership, sustainability
(IN BRIEF) Nokia and du have successfully launched the first commercial 5G Standalone Cloud RAN solution in the Middle East and Africa, marking a significant advancement in the UAE’s digital transformation goals. Utilizing Nokia’s flexible anyRAN approach, the deployment integrates … Read the full press release
Posted in Artificial Intelligence (AI), Business, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged 5G Cloud RAN, Africa, AI, connectivity, du, Mark Atkinson, Middle East, Nokia, partership, Saleem Alblooshi, UAE
(IN BRIEF) Holcim has agreed to sell its 83.81% stake in Lafarge Africa PLC to Huaxin Cement Ltd for an equity value of USD 1 billion. The transaction, aimed at streamlining Holcim’s portfolio, is expected to close in 2025, pending … Read the full press release
(IN BRIEF) An EUR 84 million investment will fund the development of two photovoltaic solar plants with integrated battery energy storage systems (BESS) in Senegal’s Kolda region, providing clean energy to 235,000 people. Spearheaded by the Emerging Africa & Asia … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News
Tagged Africa, Battery Project, Benjamin Memmi, clean energy, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), Emerging Africa & Asia Infrastructure Fund (EAAIF), FMO, Germany, Huib-Jan de Ruijter, Landmark Solar, Monika Beck, partnership, Senegal, sustainability, Tidiane Doucoure
(IN BRIEF) At COP29, the European Investment Bank (EIB) announced a €150 million investment to support Côte d’Ivoire’s forest preservation, rehabilitation, and expansion efforts. This funding aligns with President Alassane Ouattara’s Abidjan Legacy programme, which targets deforestation, land restoration, and … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News
Tagged Africa, Ambroise Fayolle, Cote d’Ivoire, EIB, forest conservation, investment, partnership, President Alassane Ouattara, restoration, sustainability
(IN BRIEF) The EIB’s Finance in Africa 2024 report shows a nearly threefold increase in African fintech companies since 2020, significantly improving financial access across the continent. However, challenges like limited credit and high financing costs still impede economic growth. … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Africa, climate challenges, Debora Revoltella, EIB, Financial, partnership, sustainability, Thomas Östros
(IN BRIEF) VINCI Airports has launched new direct routes between Sal Airport in Cabo Verde and Portugal’s Lisbon and Porto airports, operated by easyJet. The Lisbon-Sal route’s inauguration included celebratory events both in Lisbon and upon arrival at Sal, highlighting … Read the full press release
Posted in Aviation & Aerospace, Business, Financial, France, Government, Industrial, Investment, Management, News, Portugal, Travel
Tagged Africa, Cabo Verde, connectivity, flights, partnership, PORTUGAL, Sal Island, travel, VINCI Airports
(IN BRIEF) Vodafone and Google have announced a groundbreaking ten-year partnership, committing over a billion dollars to enhance services and devices powered by generative AI and cloud technology across Europe and Africa. This collaboration aims to provide AI-driven Google Pixel … Read the full press release
Posted in Artificial Intelligence (AI), Business, Financial, Government, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, News, Technology, Telecom, United Kingdom
Tagged Africa, AI-powered, Europe, Google, Margherita Della Valle, partnership, Sundar Pichai, vodafone
(IN BRIEF) At the Africa Venture Finance Programme hosted by Oxford University’s Saïd Business School, top African venture capital fund managers were recognized for their contributions to supporting start-ups across the continent. Awards were given to First Circle Capital, SpeedInvest, … Read the full press release
Posted in Awards, Banks, Business, Economy, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Africa, Ambroise Fayolle, Awards, EIB, leadership, Oxford University, partnership, SMEs, Start-up Ecosystem
(IN BRIEF) Vivendi has restructured Canal+ Group by integrating several of its assets, including GVA (a telecom provider in Africa), the video platform Dailymotion, and performance venues like L’Olympia in France. This move creates a more unified global media entity, … Read the full press release
Posted in Business, Financial, France, Government, Industrial, Investment, Management, Media, News, Technology
Tagged Africa, Canal+ Group, Media Presence, partnership, Revenue Potential, Vivendi
(IN BRIEF) On Green Postal Day 2024, postal companies worldwide celebrated a 40% reduction in CO2 emissions since 2008. These companies are working towards further lowering emissions by 50% by 2030, with a focus on using renewable energy and sustainable … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, Media, News, Technology, Transportation & Logistics
Tagged Africa, DHL, Emissions Reduction, Europe, Green Postal Day 2024, North America, Oceania, Southeast Asia, sustainability, Tobias Meyer
(IN BRIEF) The Africa Venture Finance Programme (AVFP) will take place at Oxford University’s Saïd Business School from September 9 to 13, 2024. This event will bring together 44 leading African and Africa-focused venture capital fund managers to advance the … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Luxembourg, Management, Media, News
Tagged Africa, Africa Venture Finance Programme (AVFP) Tech Innovation, Ambroise Fayolle, Aunnie Patton Power, EIB, gender diversity, Ido Sum from TLcom, Keet van Zyl from Knife Capital, Khaled Ben Jilani from AfricInvest, Martin Ewald, Oxford University, partnership
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