Tag Archives: Africa

Top African Venture Capital Leaders Recognized for Transforming Start-up Ecosystem at Oxford Programme

(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

Vivendi Realigns Assets to Strengthen Canal+ Group’s Global Media Presence and Revenue Potential

(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

Global Postal Industry Marks 40% Emissions Reduction on Green Postal Day, Sets Ambitious 2030 Targets

(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

Oxford Hosts Pioneering Africa Venture Capital Summit to Drive Tech Innovation and Gender Diversity

(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

Global Agribusiness Shifts Focus: Yara International Sells Ivory Coast Operations to Prioritize Strategic Growth in Africa

(IN BRIEF) Yara International ASA has announced the divestment of its fertilizer import and distribution subsidiary in Ivory Coast as part of a strategic shift to focus on high-potential markets in Africa. This move is aligned with Yara’s 2030 Africa … Read the full press release

Deforestation Accelerates Climate Change Impact on African Montane Forests, Threatening Water Resources and Biodiversity

(IN BRIEF) A new study highlights the severe impact of deforestation on African montane forests, where the loss of tree cover has led to significant increases in temperature and cloud levels, threatening water resources and biodiversity. The research underscores the … Read the full press release

Prudential Partners with Google Cloud to Launch AI Lab, Pioneering the Future of Insurance and Healthcare in Asia and Africa

(IN BRIEF) Prudential and Google Cloud have partnered to launch an AI Lab in Singapore, focused on developing AI-driven solutions to enhance customer experiences, improve healthcare access, and optimize operations in the insurance sector. The Lab will empower Prudential’s 15,000 … Read the full press release

Alstom Strengthens Rail Capabilities in Africa, Middle East, and Central Asia with New Industrial Center in Türkiye

(IN BRIEF) Alstom has strengthened its rail capabilities in Türkiye by acquiring Duray Ulasim Sistemleri in Bursa and establishing an Advanced Industrial Center. The new facility, which employs over 200 people, will produce critical rail components and support Alstom’s global … Read the full press release

Papara Partners with Thales to Introduce World-First Personalization Solution for Payment Cards

(IN BRIEF) Thales has partnered with Turkish fintech leader Papara to launch the world’s first deployment of the SketchMyCard solution, allowing users to design personalized payment cards that showcase their creativity and individuality. This collaboration has led to increased card … Read the full press release

MCFA’s Partnership with ENGIE Energy Access Mozambique to Propel Sustainable Cooking Solutions in Mozambique

(IN BRIEF) The Modern Cooking Facility for Africa (MCFA) has joined forces with ENGIE Energy Access Mozambique to advance clean cooking solutions in Mozambique, backed by EUR 1.3 million in funding. Through ENGIE’s subsidiary in Mozambique, innovative biodigester technology will … Read the full press release

WWF Collaboration: Vodafone’s m-Twiga Initiative Marks Milestone in Conservation Efforts

(IN BRIEF) In the heart of Africa, where wildlife and communities coexist, Vodafone, in collaboration with Safaricom and the World Wide Fund for Nature (WWF), is spearheading a technological solution to address human-wildlife conflict. The innovative AI-powered system, dubbed m-Twiga … Read the full press release

Strategic Partnership: bp Leads Efforts as GTA Phase 1 LNG Development Nears Completion

(IN BRIEF) The successful arrival of the FPSO vessel marks a significant milestone for the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, situated offshore Mauritania and Senegal. The vessel, an integral part of the project, has been securely moored … Read the full press release

EIB Invests €25 Million in Amethis Fund III to Boost African Medium-Sized Enterprises

(IN BRIEF) The European Investment Bank (EIB Global) has committed €25 million to Amethis Fund III, signaling a strategic move to bolster medium-sized companies across Africa. Amethis Fund III targets sectors crucial for the continent’s growth, including healthcare, logistics, manufacturing, … Read the full press release

Munich Re Revamps Leadership Structure to Strengthen Regional Underwriting in Asia Pacific & Africa

(IN BRIEF) Munich Re announces strategic changes to its leadership structure in Asia Pacific, Middle East & Africa (APAC MEA), aimed at bolstering its in-market Underwriting capabilities and refining its regional divisions. The revised setup will prioritize stronger local Underwriting … Read the full press release

Digital Inclusion Initiative: Orange Digital Center Partners with Coursera to Provide Essential Digital Skills Training to Youth in Africa and the Middle East

(IN BRIEF) Orange Digital Center has partnered with Coursera to launch a free high-level certification training program for youth in Africa and the Middle East. The initiative aims to provide essential digital skills training, including areas such as AI, cybersecurity, … Read the full press release

EBRD, Meridiam, and Hassan Allam Utilities Join Forces to Propel Egypt’s Renewable Energy Agenda

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) collaborates with Meridiam and Hassan Allam Utilities (HAU) to establish HAU Energy BV, a platform aimed at investing in renewable energy projects primarily in Egypt and potentially across Africa. This … Read the full press release

Mubadala Acquires KELIX bio, Expanding Access to Life-Saving Pharmaceuticals in Emerging Markets

(IN BRIEF) DPI, BII, and the EBRD have reached a binding agreement to fully exit their investment in KELIX bio, a pan-African biopharmaceutical platform, through its acquisition by Mubadala Investment Company. Founded in 2020, KELIX bio has rapidly grown to … Read the full press release

Vodafone Leads Landing of 2Africa Submarine Cable in Portugal

(IN BRIEF) Vodafone spearheaded the landing of the 2Africa submarine cable, the world’s largest, in Portugal’s Carcavelos, Cascais, bolstering the country’s connectivity to Africa and beyond. The 2Africa project, launched in May 2020, aims to enhance internet connectivity between Africa, … Read the full press release

Swedfund Boosts Financial Inclusion in Côte D’Ivoire with $5 Million Investment in Bridge Bank Microfinance

(IN BRIEF) Swedfund has announced a significant investment of USD 5 million in Teyliom Finance’s subsidiary, Bridge Bank Microfinance, as part of its mission to enhance financial empowerment for micro, small, and medium-sized enterprises (MSMEs) in Côte D’Ivoire. This investment, … Read the full press release

MEA Logistics Boost: DHL Global Forwarding Integrates Danzas AEI Emirates Operations

(IN BRIEF) DHL Global Forwarding has successfully completed the acquisition of shares in Danzas AEI Emirates, rebranding all facilities under the DHL name. This integration not only changes the logo and name but also strengthens operational capabilities by incorporating 1,100 … Read the full press release

EIB Global Invests $30 Million in Seedstars Africa Ventures to Boost Innovation and Job Creation in Africa

(IN BRIEF) EIB Global has announced a $30 million equity investment in the Seedstars Africa Ventures I venture capital fund to support innovative entrepreneurs in Africa. This investment aims to provide improved access to risk capital for startups and innovative … Read the full press release

Ericsson and MTN Strengthen Partnership to Expand Mobile Financial Services Across Africa

(IN BRIEF) Ericsson and MTN Group have deepened their collaboration to advance mobile financial services and promote financial inclusion across Africa. This partnership will leverage MTN’s Mobile Money (MoMo) service on the Ericsson Wallet Platform to provide a wide range … Read the full press release

EIB Provides €10 Million Loan to Boost Access to Finance for Women Entrepreneurs in Mozambique

(IN BRIEF) The European Investment Bank (EIB) has signed a €10 million loan agreement to support women entrepreneurs in Mozambique. This financing will facilitate a new €20 million facility by Moza Banco, focusing on small and medium-sized businesses (SMEs) in … Read the full press release

BioNTech Inaugurates mRNA Vaccine Manufacturing Site in Rwanda, Aims to Boost Vaccine Equity in Africa

(IN BRIEF) BioNTech has achieved a significant milestone in expanding mRNA vaccine manufacturing in Africa with the inauguration of its Kigali site, which includes the first manufacturing unit known as BioNTainer. This move is part of BioNTech’s broader efforts to … Read the full press release

African Pharmaceutical Technology Foundation Takes Major Strides Toward Building a Self-Reliant African Pharmaceutical Industry

(IN BRIEF) In a significant development for Africa’s pharmaceutical sector, the African Pharmaceutical Technology Foundation and the Rwandan Government have signed a host country agreement, paving the way for the Foundation’s operationalization. The Foundation has also forged a memorandum of … Read the full press release

Global Green Bond Initiative and African Development Bank Partner to Foster Green Bond Markets in Africa

(IN BRIEF) A coalition of development finance institutions and multilateral organizations forming the Global Green Bond Initiative (GGBI) has established a strategic partnership with the African Development Bank to collaborate on technical assistance aimed at promoting green bond markets in … Read the full press release

Orange Launches ‘Max it’ Super-App in Africa, Bringing Telecom, Financial, and E-commerce Services to Millions

(IN BRIEF) Orange, a telecommunications company, is introducing its “Max it” super-app in Africa, combining telecommunications, financial services, and e-commerce to serve the daily needs of users. Initially launching in five African countries, Max it simplifies the digital experience by … Read the full press release

EU Pledges €500 Million for Global Health and €134 Million for Local Manufacturing in Africa

(IN BRIEF) During the Global Gateway Forum, the EU committed €500 million to global health in collaboration with the European Investment Bank (EIB) and the Bill & Melinda Gates Foundation. This funding will strengthen healthcare capacities, improve pharmaceutical supply chains, … Read the full press release

Societe Generale Appoints François Bloch as Head of International Retail Banking for Africa, Mediterranean Basin & Overseas

(IN BRIEF) Societe Generale has announced the appointment of François Bloch as the new Head of International Retail Banking for the Africa, Mediterranean Basin, and Overseas region, effective from November 1, 2023. François Bloch, who has been with the Group … Read the full press release

EIB Commits €500 Million in Landmark Investment to Eradicate Polio Globally

(IN BRIEF) The European Investment Bank (EIB) has announced a substantial investment of €500 million to support the eradication of polio in Africa and Asia. This landmark commitment was unveiled during a press conference in Brussels, signifying a historic partnership … Read the full press release

Hydrogen Revolution: Saudi Arabia Debuts Alstom’s Eco-Friendly Passenger Train in Riyadh

(IN BRIEF) In a groundbreaking initiative, Saudi Arabia Railways (SAR) and global mobility leader Alstom are set to operate and demonstrate the world’s first passenger hydrogen-powered train, the Coradia iLint, in Riyadh during October. This pioneering event marks the introduction … Read the full press release

Ericsson Launches Gen-E Graduate Program in Middle East and Africa to Nurture ICT Talent

(IN BRIEF) Ericsson has introduced the Gen-E Graduate Program in the Middle East and Africa region, aimed at offering young talents an opportunity for world-class learning and career development. This program is designed to provide structured development in collaboration with … Read the full press release

Ericsson’s Graduate Program Welcomes Fresh Cohort in Nigeria, Aiming to Drive Innovation and Digital Transformation in Africa

(IN BRIEF) Ericsson has introduced a new group of graduates in Nigeria as part of its ongoing Graduate Program in Africa. This program offers opportunities for graduates to explore roles in various fields including Engineering, Information Technology, Artificial Intelligence, and … Read the full press release

Italy and Tunisia Move Closer to Europe-Africa Electricity Connection with €307 Million Loan Agreement

(IN BRIEF) Terna, the Italian electricity grid operator, and Steg, the Tunisian electricity and gas operator, have signed a Grant Agreement with the European Commission for a €307 million loan to support the “Elmed” project. This initiative aims to establish … Read the full press release

Acre Impact Capital’s Export Finance Fund Receives $40 Million Backing from EIB for Climate Investment in Africa

(IN BRIEF) The European Investment Bank (EIB) has committed up to $40 million to Acre Impact Capital’s Export Finance Fund I, which aims to accelerate climate infrastructure investment in Africa. The fund focuses on investing in the commercial debt tranches … Read the full press release

EBRD hosts first event of Alliance for Entrepreneurship in Africa to support North African start-ups

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) hosted an event in Cairo to launch the Alliance for Entrepreneurship in Africa. The aim of the Alliance is to promote cooperation between policymakers and stakeholders in the African start-up … Read the full press release

Nokia to provide iSIM Secure Connect to Airtel Africa’s wider digitalization efforts

(IN BRIEF) Nokia’s iSIM Secure Connect technology has been selected by Airtel Africa, as part of its digitalization efforts to offer 5G and IoT-based on-demand services to its customers. The technology provides communication service providers and enterprises with the capability … Read the full press release

Alexandre Muratore asume el mando como director general del clúster de África Occidental de Kuehne+Nagel

(NOTICIA EN BREVE) Kuehne+Nagel, un proveedor global de logística, ha nombrado a Alexandre Muratore como Director General de su clúster de África Occidental recientemente establecido, que comprende 12 países. Alexandre tendrá su base en Abidjan, Costa de Marfil, y trabajará … Read the full press release

Alexandre Muratore Takes the Helm as Managing Director of Kuehne+Nagel West Africa Cluster

(IN BRIEF) Kuehne+Nagel, a global logistics provider, has appointed Alexandre Muratore as Managing Director of its newly established West Africa Cluster, comprising 12 countries. Alexandre will be based in Abidjan, Ivory Coast, and will work with local teams to develop … Read the full press release

Kuehne+Nagel now present in 18 African countries; opens new control tower in Durban

Full-service logistics provider to Africa Expansion reflects Africa’s growing importance in world trade Regional control tower serves as a single point of contact to an integrated network across the continent (PRESS RELEASE) DUBAI, UAE, 5-Jan-2022 — /EuropaWire/ — Kuehne+Nagel (SWX: … Read the full press release