Nestlé announced yesterday the 3 start-ups winners of the Nestlé Research and Development (R&D) Sub-Saharan Africa innovation challenge. They are SHOPIT, EXPORTUNITY and WAKULIMA from South Africa, Benin and Tanzania respectively.
It has become routine attacks on Africans, especially the Nigerians in South Africa for more than a decade now. The past and present governments seemed not to have taken the attacks seriously hence the attacks continue to grow in scopes, casualties and destructions.
(Ecofin Agency) - Japan’s car company Toyota will soon set up a car assembly plant in Côte d’Ivoire. This is the purpose of an agreement the company signed on August 29 in Yokohama, Japan, with the Ivorian government.
African business leaders are less optimistic about the strength of the global economy and their organisations’ ability to grow revenues in both the short and medium term than they were a year ago. A quarter of African CEOs (25%) believe that the global economy will decline over the next 12 months.
The Swisscham Southern Africa (SCSA), with the support of the Embassy of Botswana recently organised an African summer barbeque to go with a presentation: An Audio–visual presentation on Botswana as a tourism and investment destination held in Georg C. Umbricht Law office at Bahnhofstrasse in the heart of Zurich.
Last month, Africa’s leading film studio and international TV network ROK was acquired by French TV company Canal+ Group for an undisclosed amount.
The buyout gives ROK studios, which already reaches 15 million subscribers across DSTV and GOTV platforms on the continent, the opportunity to produce Nollywood content for CANAL+ channels in French Speaking Africa and globally.
AGCO has revealed plans for further development of the Future Farm project in Zambia. This will involve the upgrades of Phase II to include the construction of 24 rooms for students and staff, communal amenities such as a canteen that sits over 80 people and an Insaka homestead – a traditional complex of grass gazebos with a central court yard to encourage interactive learning.
As Central and Eastern Europe become increasingly popular for South Africa’s property sector due to subdued growth potential and earnings locally, should these funds not be investing closer to home?
A three-day conference organized by CRU (www.CRUgroup.com and the African Fertilizer and Agribusiness Partnership (AFAP) slated to take place in South Africa from 1 – 3 October 2019 and expected to discuss investment, partnership, and innovation of the industry, will boost agric industry in Africa.
The 4th Edition of Prix Les Afriques (Africa Literary Book Prize Award) created by La Cene Littéraire in 2016 was won by Elnathan John, with the French translation of his novel Born on a Tuesday. The novel is the debut of the highly promising young Nigerian lawyer and writer.
Speakers and panellists at the 5th Edition of Africa Business Day (ABD) held recently in Zug, Switzerland discussed the issues of infrastructure deficit in Africa and agreed that Africa should prioritise its power sector to boost the continent’s economy.
Overcoming the infrastructure gap is a big challenge in Africa but is one that can bring huge opportunities, [for the continent and Swiss investors] asserted Mr. Jürg Sprecher, Head of Section Bilateral Economic Relations Middle East and Africa, Switzerland’s State Secretariat for Economic Affairs (SECO) in his address at the 5th Edition of Africa Business Day (ABD) a business platform between Africa and Switzerland organised by the Swiss-African Business Circle (SABC).
Under the banner of “International Geneva”, some consider Geneva as a city rich in cultural diversity. While it welcomes a varied cultural life, it is a commonly accepted reality that this diversity must be created and brought to life by those who wish to experience it fully.
Art, art and more art!! For art collectors and art lovers, there are a lot of major art events taking place in Europe this year. From the eponymous Venice Biennale to the FIAC in Paris, Frieze in London, to Art Basel in Switzerland, there is a lot to see and buy. It will of course require quite a bit of travelling and an investment in sturdy shoes but it is all worth it.
The South Africans celebrated the 25th anniversary of Freedom Day that ended Apartheid rule in 1994 after decades of obnoxious era.
ALGERIA -- The Pan African University Institute for Water and Energy Sciences including Climate Change (PAUWES) in Tlemcen, Algeria provides higher education and applied research in the fields of water, energy and climate change – an important contribution to sustainable development in Africa.
It is no gainsaying that the growth of Africa’s economy has been hampered by poor and inadequate infrastructure. This is notable in poor and unreliable energy, transportation and communication systems, and health among others.
The finalists for the Royal Academy of Engineering’s 2019 Africa Prize for Engineering Innovation have been announced. They were chosen for the innovative ways engineering was used to solve every day problems, and come from Kenya, Nigeria, South Africa and Uganda.
As announced earlier by Business in Cameroon, President Paul Biya issued a presidential order May 29, amending and supplementing certain provisions of the 2019 Finance Act.
(Ecofin Agency) -Maroc Telecom announced on August 26 it has signed an investment deal with the government for MAD10 billion (about a billion dollars). Funds, disbursed by the incumbent operator, will be pumped into the development and strengthening of telecommunications infrastructure, broadband and very high speed (mobile and fixed) deployment across the country.
(Ecofin Agency) - Exchange between Africa and Russia last year reached a total of $20 billion, we learnt. While the black continent imported $17.4 billion worth of goods, it sold only $3 billion to Russia, making a $14.5 billion for Vladimir Putin’s country.
(Ecofin Agency) - Some Chinese companies committed to invest $1.4 billion in energy and mining projects in Africa. They expressed their intention during the visit to Beijing of the African Chamber of Energy (CAE), an organization bringing together government actors and companies involved in the development of the African energy sector.
NIGERIA -- MTN Nigeria has paid the whole $1.6 billion fine it received in 2015 for not deactivating 5.1 million unregistered SIM cards. The operator has indeed paid the NGN55 billion, which is the sixth and last tranche of these payments started in 2016.
The Central Bank of Kenya (CBK) will introduce new banknotes, Patrick Njoroge (photo), the governor, announced last weekend.
LIBYA -- The national unity government (GNA) has threatened to suspend the activities of 40 European firms among them Total and Siemens operating in the country.
Government’s political will is to ensure the tough enforcement of the implementation of the National Minimum Wage (NMW).
Former Congolese President Joseph Kabila wanted his successor, Felix Tshisekedi, to appoint Albert Yuma, a Kabila ally and chairman of state mining company Gecamines, as prime minister, but Tshisekedi refused, sources familiar with the matter said.