(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
(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
Posted in Business, Education, Environment, Financial, Finland, Germany, Government, Industrial, Investment, Management, News, Science, Technology
Tagged Africa, biodiversity, Climate Change Impact, deforestation, Montane Forests, partnership, Prof. Petri Pellikka, sustainability, University of Helsinki, water resources
(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
Posted in Artificial Intelligence (AI), Business, Environment, Financial, Government, Healthcare, Industrial, Insurance, Internet & Online, Investment, Management, News, Technology, United Kingdom
Tagged Africa, AI Lab, ASIA, Google Cloud, Healthcare, insurance, partnership, Prudential, Singapore, sustainability, Thomas Kurian
(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
Posted in Business, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics, Türkiye
Tagged acquisition, Africa, Alstom, Bursa, Central Asia, Kerem Bugay, Middle East, Nazlı Zengin, partnership, rail systems, sustainability, Türkiye
(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
Posted in Banks, Financial, France, Security & Safety, Technology, Telecom, Türkiye
Tagged advanced technologies, Africa, ASIA, Banking and Payment Services, Bio-sourced cards, card orders, eco-friendly card materials, Emre Kenci, financial freedom, hyper-personalization, individuality, INNOVATION, Middle East, Nassir GHROUS, Ocean Plastic®, Papara, personalized payment cards, SketchMyCard solution, Thales, Turkish fintech, user experience
(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
Posted in Agriculture, Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Technology
Tagged Africa, Alexandra Links, biodigester technology, Cooking Solutions, ENGIE Energy Access Mozambique, Kari Hämekoski, Modern Cooking Facility for Africa (MCFA), Mozambique, NEFCO, partnership, Sistema.bio, sustainability
(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
Posted in Artificial Intelligence (AI), Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, News, Science, Security & Safety, Technology, Telecom, United Kingdom
Tagged Africa, AI, conservation, humans, m-Twiga, partnership, Safaricom, sustainability, vodafone, wildlife, World Wide Fund for Nature (WWF)
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Transportation & Logistics, United Kingdom
Tagged Africa, Dave Campbell, Floating Production Storage and Offloading (FPSO), GTA Phase 1 LNG Development, Lightsource BP, Mauritania, partnership, Senegal, sustainability
(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
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Africa, Amethis Fund III, EIB, Laurent Demey, Luc Rigouzzo, partnership, SMEs, sustainability, Thomas Östros
(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
Posted in Banks, Business, Economy, Financial, Germany, Government, Industrial, Insurance, Investment, Management, News
Tagged Achim Kassow, Africa, Ajeet Phatak, appointment, Asia Pacific, Belhassen Tonat, Brian Jinzenji, CHINA, Florian Gruson, Haruka Narahashi, Hitesh Kotak, INDIA, Japan, Joachim Zagrosek, KOREA, leadership, MENA, Michael Hauer, Munich Re, Roland Eckl, Serene Chan, South-East Asia, Surbhi Goel
(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
Posted in Education, France, Internet & Online, Media, Society, Technology, Telecom
Tagged 'Orange Fab’ startup accelerator, Africa, artificial-intelligence, Asma Ennaifer, certification training program, Code School, Coursera, Cybersecurity, Digital Inclusion, Digital marketing, digital professions, entrepreneurs, Entrepreneurship, free learning programs, Middle East, ODC, online learning, Orange Digital Center, Orange Ventures Middle East and Africa, Solidarity FabLab, YOUTH
(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
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Africa, Amr Allam, EBRD, EGYPT, Hassan Allam Utilities, Meridiam, Nandita Parshad, partnership, renewable energy, sustainability, Thierry Déau
(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
Posted in Banks, Business, Environment, Financial, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology, United Kingdom
Tagged acquisition, Africa, Alhadi Alwazir, British International Investment (BII), Development Partners International (DPI), EBRD, Essam Farouk, Frederic Lucenet, Hocine Sidi Said, KELIX bio, Mubadala, partnership, pharmaceuticals, Samir Abhyankar, Sofiane Lahmar, sustainability
(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
Posted in Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, News, Portugal, Technology, Telecom, United Kingdom
Tagged 2Africa Submarine Cable, Africa, ASIA, Carcavelos, Cascais, Europe, partnership, Paulino Corrêa, PORTUGAL, sustainability, vodafone
(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
Posted in Banks, Business, Financial, Government, Industrial, Investment, Management, News, Small Business, Sweden
Tagged Africa, Bridge Bank Microfinance, Cote d’Ivoire, Financial, investment, Kitanha Toure, MSMEs, partnership, Swedfund, Teyliom Group
(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
Posted in Business, Germany, Industrial, Transportation & Logistics
Tagged acquisition, Africa, Al Maktoum International Airport, Al Tayer Group, Amadou Diallo, Danzas AEI Emirates, DHL Global Forwarding, DHL Group, Dubai Airport Free Zone, Dubai World Central, freight specialist, GCC, Jebel Ali Freezone, logistics, MEA, Middle East, Ras Al Khaimah, UAE
(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
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Africa, Ambroise Fayolle, Bruce Nsereko Lule, digitalisation, EIB, EIB Global, entrepreneurs, European Union, INNOVATION, investments, job creation, Margaritis Schinas, Maxime Bouan, partnership, Robert Daussun, Seedstars Africa Ventures, Stéphanie Casciola, sustainability, Tamim El Zein
(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
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, Telecom
Tagged Africa, Ericsson, Ericsson Wallet Platform, Michael Wallis-Brown, Mobile Financial Services, Mobile Money (MoMo), MTN Group, partnership, Serigne Dioum, sustainability
(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
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Africa, Antonino Maggiore, EIB, finance, Manuel Soares, Mozambique, partnership, SMEs, sustainability, Thomas Östros, women entrepreneurs
(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
Posted in Business, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged Africa, BioNTainer, BioNTech, Dr. Jean Kaseya, H.E. Macky Sall, H.E. Paul Kagame, H.E. Ursula von der Leyen, Hon. Annalena Baerbock, Moussa Faki Mahamat, mRNA Vaccine, Prof. Ugur Sahin, Rwanda, Sierk Poetting, vaccine
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