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Merck launches accelerator program for digital healthcare in Nairobi

by Africa Business on Feb 8, 2016



Merck, a leading science and technology company, announces the start of its equity-free accelerator program for digital health startups in Nairobi, Kenya. The three-month program will support three startups in the field of digital healthcare with an equity-free funding of 15,000 USD each as well as opening the doors to Merck’s global network of experts …Read More

Jovago and Africa Internet Group advances with AXA in a 75 million euros funding round

by Eden Sahle on Feb 8, 2016



Jovago.com, Africa N° 1 hotel booking website, and Axa, a worldwide leader in Insurance and Asset management announced today a partnership to develop the expansion of Jovago and a new round of funding to boost its activities in Africa. This would further ensure the expansion of the business to booming markets and the strengthening of …Read More

Investor groups publish new action framework on sustainable real estate

by Africa Business on Feb 8, 2016



Geneva, London, 8 February 2016 – A new practical guide for real estate investors and their professional advisors to use in order to address climate risk and reduce greenhouse gas emissions (GHG) from property portfolios – through attention to environmental, social and governance (ESG) and climate change risks within their standard business processes – is …Read More

UN agencies warn of escalating food crisis in South Sudan

by Africa Business on Feb 8, 2016



South Sudan is facing unprecedented levels of food insecurity, as 2.8 million people — nearly 25 percent of the country’s population — remain in urgent need of food assistance, and at least 40,000 people are on the brink of catastrophe, three UN agencies warned today. The Food and Agriculture Organization of the United Nations (FAO), the …Read More

Retail in Africa: Still the Next Big Thing

by Africa Business on Feb 7, 2016



Please read here: Retail in Africa (Acrobat Reader, .pdf)

SMART SUPPLIER COMPETITION – “CONNECT WITH OPPORTUNITY”

by Africa Business on Feb 7, 2016



CITY OF CAPE TOWN, WESTERN CAPE – Entrepreneurship is a key driver of our economy and it is with this in mind that the City of Cape Town and Smart Procurement World are running the first annual Cape Town Smart Supplier Competition. Applications for 2016 are open and will close on 17 February 2016. The …Read More

ICAO Council President Advances Aviation Cooperation in Africa

by Africa Business on Feb 7, 2016



African countries will face significant but surmountable challenges as the air transport sector doubles its passenger and flight volumes over the next 15 years Consistent with the UN aviation agency’s ongoing prioritization of the effective implementation in all States of global civil aviation’s standards and policies, ICAO Council President Dr. Olumuyiwa Benard Aliu conducted a …Read More

“The internet for people with no internet”

by Dennis Odera on Feb 4, 2016



By Dennis Odera, Africa Business Co-ordinator Although I was taught that you should not judge a company solely on its slogan, over the course of my professional career I have observed that the most revolutionary companies have slogans that mirror their ambition and audacity to transform (initially) their respective fields and (eventually) the entire world …Read More

Meetings of the Working Groups of the Africa-Arab Partnership in the areas of Trade and Investment; Transport, Communication and Energy

by Africa Business on Feb 4, 2016



A three-day meeting of the two Working Groups of the Africa-Arab Partnership in the areas of Trade and Investment and Transport, Communication and Energy kicked off on 3 February 2016, at the Headquarters of the African Union Commission in Addis Ababa, Ethiopia,  with a joint plenary session. Opening the meeting, the Co-chair on the African …Read More

New Mega Trends in Africa Reveals GDP Growth of 4.5 trillion by 2025

by Africa Business on Feb 3, 2016



Frost & Sullivan’s new video highlights challenges and opportunities, as well as macro-to-micro implications for businesses, people, and society Urbanisation, mobility, infrastructure, natural resources, telecommunications investments and inter-regional trade are just a few of the untapped opportunities making Africa the last growth frontier. The continent is set to become the second fastest growing region by …Read More

South Africa – WC fire and drought: Wine and fruit industries suffer greater loss than anticipated

by Africa Business on Feb 3, 2016



The Western Cape regional fruit production sector has suffered losses amounting to R 720m. The wine industry alone has suffered damage to the tune of R 20m thus far, as around 82 hectares of vineyards have been lost due to drought and fires. This was revealed during today’s committee briefing on the impact of drought …Read More

Equatorial Guinea Inaugurates Pioneering CNG Plant

Equatorial Guinea Inaugurates Pioneering CNG Plant

by Africa Business on Feb 3, 2016



- Ministry of Mines, Industry and Energy and SONAGAS officially inaugurate compressed natural gas infrastructure. – CNG bus terminal and cooking gas bottling plant situated at Punta Europa gas processing center. – Equatorial Guinea is the first country in the region to introduce CNG and gas-powered public transport. Equatorial Guinea has unveiled the latest in …Read More

Mauritania: “Safeguards against torture must be made to work” – UN Rights expert urges

by Africa Business on Feb 3, 2016



United Nations human rights expert Juan E. Méndez today called on the Mauritanian authorities “to put into practice the existing laws and safeguards for the protection from torture and ill-treatment for all suspects and detainees in Mauritania.” “The legal safeguards against torture and ill-treatment are in place, but they don’t work,” warned the UN Special …Read More

7th annual International Port Security Conference

7th annual International Port Security Conference

by Africa Business on Feb 3, 2016



7th annual International Port Security Conference 1 – 2 June 2016 London, UK Contact e-mail: zgale@smi-online.co.uk Contact tel:  James Hitchen +44 (0) 207 827 6054 www.internationalportsecurity.com/africabusiness The SMi Group is proud to announce the 7th annual International Port Security Conference. The event will be held in London on the 1st and 2nd of June 2016. …Read More

The Economist Events’ Nigeria Summit to take place on March 7th and 8th 2016

The Economist Events’ Nigeria Summit to take place on March 7th and 8th 2016

by Africa Business on Feb 3, 2016



Global leaders in business, government, academia and civil society to speak at The Economist Events’ Nigeria Summit 2016 Lagos set to host global leaders at The Economist’s Nigeria Summit 2016 The events’ arm of the foremost International socio economics news magazine, The Economist has concluded plans to hold the 11th edition of the annual Nigeria …Read More

AviaDev Africa – Ready For Take-off

AviaDev Africa – Ready For Take-off

by Africa Business on Feb 3, 2016



Unique opportunity to connect aviation and hotel sectors AviaDev Africa, a unique platform bringing together airlines, airports, hotel and hospitality investors for the first time, is being launched this year in Rwanda. www.aviationdevelop.com The inaugural forum on aviation route planning and development will run in parallel with the prestigious Africa Hotel Investment Forum (AHIF), providing …Read More

Malawi: Ritual murders of people with albinism must end

by Africa Business on Feb 3, 2016



The killing of a woman with albinism in Malawi highlights the government’s shocking failure to protect the right to life and personal security of this vulnerable minority, said Amnesty International. The mutilated body of Eunice Phiri, a 53-year-old woman with albinism, was found on 28 January in the Kasungu National Park. Her arms had been …Read More

IMF, Ghana and DFID Highlight the Value of Data for Better Economic Policies in Africa

by Africa Business on Feb 3, 2016



One of the largest regional conferences on the importance of data for better macroeconomic policies was concluded today in Accra, Ghana. Organized by the Government of Ghana, the International Monetary Fund (IMF), and the United Kingdom Department for International Development (DFID), the conference brought together policymakers from over forty African countries as well as representatives …Read More

Africa premiere for Massey Ferguson’s Farm Mechanisation Package at US/Africa Business Summit in Addis Ababa

by Africa Business on Feb 3, 2016



Africa premiere for Massey Ferguson’s Farm Mechanisation Package at US/Africa Business Summit in Addis Ababa AGCO, Your Agriculture Company (NYSE:AGCO) (AGCOcorp.com), a worldwide manufacturer and distributor of agricultural equipment is showcasing its new Massey Ferguson Farm Mechanisation Package at the 10th Biennial US-Africa Business Summit in Addis Ababa, Ethiopia 1st-4th February 2016. The package is aimed …Read More

Benin and IFAD work together to boost food and nutrition security while creating jobs for young people

by Africa Business on Feb 2, 2016



The Republic of Benin and the United Nations International Fund for Agricultural Development (IFAD) signed an agreement today to finance the Market Gardening Development Support Project (PADMAR), an initiative that will create some 3,000 new jobs, particularly for young women and men, and improve food and nutrition security in 27 municipalities of seven departments in …Read More

US$352 billion railway projects underway in the Middle East

US$352 billion railway projects underway in the Middle East

by Africa Business on Feb 2, 2016



Middle East Rail set to mark 10th anniversary of the show February 2nd , 2016 – Dubai, UAE: The Middle Eastern & North African countries are forging ahead with plans to establish a strong passenger and freight transport network with 16 major railway projects worth US$352 billion currently under way in the region, according to …Read More

Extractive Resources have not benefited resource-rich countries in Africa

by Ronald Chawatama on Feb 1, 2016



Interview with ECPDM Deputy Manager, Isabelle Ramdoo By Ronald Chawatama: Animus Sustainability Portal (http://animus-csr.com) Extractive Resources (ER) have not benefited resource-rich countries in Africa. This trend has been recorded for a while, what interventions needs to be put in place for the countries and their economies to benefit? The benefits from the extractive sector have …Read More

The Sixth Tokyo International Conference on African Development (TICAD VI) Summit will be held in Africa for the first time

by Africa Business on Feb 1, 2016



TICAD VI will take place in Nairobi, Kenya on 27-28 August 2016. H.E. Mr. Uhuru Kenyatta, President of the Republic of Kenya, announced today, Saturday 31 January 2016, in the company of H.E. Dr. Nkosazana Dlamini Zuma, Chairperson of the African Union Commission (AUC) and Mr. Katsuyuki Kawai, Representative and Special Advisor to the Prime …Read More

IMF Executive Board Completes the Third Review of the Precautionary and Liquidity Line for Morocco

by Africa Business on Feb 1, 2016



On January 27, 2016, the Executive Board of the International Monetary Fund (IMF) completed the third and last review of Morocco’s economic performance under a program supported by a two-year Precautionary and Liquidity Line (PLL) arrangement, and reaffirmed Morocco’s continued qualification to access PLL resources. The current two-year PLL arrangement in an amount equivalent to …Read More

Practical agricultural and agro-processing initiatives among the action plans for the 2016 African Year of Human Rights

by Africa Business on Feb 1, 2016



The Food and Agriculture Organization of the United Nations (FAO) is set to invest in securing women’s rights to land and other productive resources, developing their capacity to boost food production and creating more wealth for family farmers, while preventing and minimizing food losses and waste. The objective being to enforce women’s right to land, …Read More

Ethiopian Airlines partners with IOCC Consulting

Ethiopian Airlines partners with IOCC Consulting

by Africa Business on Feb 1, 2016



Ethiopian Airlines and IOCC Consulting are now in the final stage in concluding a long-term agreement between the two companies. The initial part of the agreement was signed on 14 January 2016 by Ethiopian Airlines Group CEO Mr. Tewolde GebreMariam and IOCC Consulting’s CEO Mr. Dustin Paul Wilden. The agreement will include a mutually beneficial …Read More

African Capital Markets continue to reflect strong figures for 2015 – but challenging times may lie ahead

African Capital Markets continue to reflect strong figures for 2015 – but challenging times may lie ahead

by Africa Business on Feb 1, 2016



In line with global trends, 2015 was a challenging year for African capital markets in the wake of market volatility and the emergence of renewed global economic uncertainty in the latter part of the year, while the first half resulted in the highest levels of both equity capital markets transactions and proceeds raised in the …Read More

United States Announces Nearly $100 Million in Additional Food Assistance for Ethiopia

by Africa Business on Feb 1, 2016



U.S. Agency for International Development (USAID) Administrator Gayle Smith announced an additional $97 million in emergency assistance for Ethiopia today, to address the ongoing humanitarian crisis resulting from the impacts of the El Niño phenomenon. This additional contribution includes more than 176,000 metric tons of food to be distributed to over 4 million Ethiopians and refugees. It builds …Read More

Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar

by Africa Business on Jan 29, 2016



The Governor of the Bank of Botswana, Ms. Linah Mohohlo, and the Deputy Managing Director of the International Monetary Fund, Mr. Min Zhu, hosted today in Gaborone, Botswana, a regional conference entitled “Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar” [1]. Delegates included senior officials from a number of countries representatives of the private sector, …Read More

African Union Leadership Academy to Promote Good Practices towards the achievement of Agenda 2063

by Africa Business on Jan 28, 2016



The Administration and Human Resources Management Directorate (AHRMD) of the African Union Commission (AUC) launched the African Union Leadership Academy project today, 28th January, 2016 at the AU in Addis Ababa Ethiopia under the theme: Driving the Africa We Want. The launch was attended by H.E. Dr. Nkosazana Dlamini Zuma, Chairperson of the Commission, H.E. …Read More

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