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Factor[e] Ventures launches a new venture studio to transform the African startup ecosystem
Delta40 focuses on technology-driven energy, agriculture, and mobility ventures led by diverse, experienced founders.Baron & Cabot Launches a portal to support the expansion of local real estate agencies in Africa
Baron and Cabot, a UK-based international real estate firm has launched a game-changing concept – a UK property portal that is offering a strategic expansion plan for real estate agencies in Africa.Egypt and Marriott power hotel development in Africa
North Africa continues to dominate the pipeline, with Egypt far ahead. It alone numbers 21% of the hotels and 30% of the rooms being planned or built on the entire continent.[Interview] Joel Daniel, Founder, Solutions Platforms, Nigeria
Joel Daniel is the founder of Solutions Platforms, a company that grooms young people to succeed and have global relevance by leveraging its various programs designed to foster international education.FIFA President Gianni Infantino re-elected by acclamation at historic FIFA Congress
Gianni Infantino will serve a second term as FIFA President after being re-elected unopposed to lead global football’s governing body for another four years, during the 73rd FIFA Congress in Kigali, Rwanda.Volvo delivers the first heavy electric truck to Africa
Deployment of heavy electric trucks is now spreading across the world. With Europe and the US among the leaders, the shift to more sustainable transport is kicking off also in other parts of the world. In Africa, the first heavy electric truck is now being delivered in the city of Rabat in Morocco.AFRAA partners with the Kenya Association of Air Operators to support the airline industry in Kenya
The African Airlines Association (AFRAA) has signed a memorandum of understanding (MoU) with the Kenya Association of Air Operators (KAAO) to provide mutual support to the sustainable development of the airline industry in Kenya as the country is represented by the two Associations.Hutchison Ports invests $700 million in Egypt’s ports
The total investment of the two projects is approximately $700 million, bringing Hutchison Ports’ total investment in Egypt to over US$1.5 billion and paving a solid foundation for the company's strategy to expand its network and enhance its capabilities in emerging markets.South African Competition Tribunal approves Heineken acquiring control of Distell and Namibia Breweries
In November 2021, Heineken announced its intention to acquire control of Distell and Namibia Breweries Limited (‘NBL’), which were to be combined with Heineken South Africa (‘HSA’) into a new Heineken majority-owned business (Newco).KFC appoints Akhona Qengqe General Manager for Africa
Akhona’s experience, spans across multiple industries including petroleum, property, marketing, operations and convenience retail. She has also served as the Chairperson of the Board of the Franchise Association of South Africa.Volkswagen opens a new vehicle assembly facility in Accra, Ghana
With this move, Volkswagen also takes over the new vehicle assembly responsibility from its licensed importer in Ghana, Universal Motors Limited (UML).Education Cannot Wait renews multi-year resilience programme in Uganda with $25 million funding
The extended three-year programme will be delivered by Save the Children and UNHCR, in partnership with the Government of Uganda, and will support the inclusion in the national education system of more than 122,000 refugees.Mastercard Foundation Fund for Rural Prosperity connects over 5 million people in Sub Saharan Africa to credit facilities
Offered across Sub-Saharan Africa, the $50 million program in the form of a Challenge Fund was established by the Mastercard Foundation in 2015 to grow the number of Africans actively participating in the continent’s financial systems.Plastics innovation challenge targets startups with solutions to pollution
Nine Kenyan startups are competing for a share of more than £4.1 million in funding as part of a Sub-Saharan-African plastics innovation challenge.Ethiopian Airlines resumes flights to Kuala Lumpur, Malaysia
Ethiopian Airlines, the largest airline in Africa, has announced that it will resume its services to Kuala Lumpur, Malaysia as of 25 March 2023. The flight will be operated four times a week with the ultramodern B787 Dreamliner.eco.business Fund receives $67 million from BMZ and KfW to support sustainable practices in sub-Saharan Africa and Latin America
The eco.business Fund has received investments for an aggregate amount of USD 67 million from its strategic partners, the German Federal Ministry of Economic Cooperation and Development (BMZ), acting through KfW Development Bank (KfW), and KfW on its own behalf.Ghana and Maldives sign two agreements to enhance bilateral cooperation
The Government of Maldives and the Government of Ghana have signed two key Agreements today that will further deepen the bilateral relationship between the two countries.Joe Public celebrates its 25th birthday by committing to the growth of young creative talent
To mark the occasion, the organisation – currently ranked the largest independent and locally owned communication group in our country – is making a commitment to the next generation of creative talent.Rolls-Royce announces new leadership for Africa
John joined Rolls-Royce over twenty years ago, in 2001, as a graduate trainee in the Defence business. He rose to become a senior manager before joining Civil Aerospace.Kenya and Italy agree to scrap non-tariff barriers
The two countries said they will negotiate on the avoidance of a double-taxation agreement that will usher in higher levels of foreign direct investments.AfCFTA Secretariat and Afreximbank sign AfCFTA adjustment fund host country agreement with Rwanda
The AfCFTA Secretariat and African Export-Import Bank (Afreximbank), have signed the Host Country Agreement for the AfCFTA Adjustment Fund with the Republic of Rwanda.[South Africa] JSE launches 50th edition of flagship investment challenge
Virtual trading floors for the Johannesburg Stock Exchange’s (JSE) flagship financial literacy programme, the JSE Investment Challenge, have officially opened as the competition marks a 50-year milestone.[ChatGPT Biography] Acha Leke, senior partner at McKinsey & Company
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write.[ChatGPT Biography] Samih Sawiris, Founder of Orascom Development
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write.[ChatGPT Biography] James Mworia, CEO of Centum Investment
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write.
