East Africa Archives - AfricaBusiness.com

21Aug

By Africa BusinessNo Comments

South Africa News, Tech

Metrofile Cloud launches EverFiles: Transforming cloud storage in South and East Africa

In a strategic move to cater to the burgeoning demand for secure and efficient cloud storage solutions, Metrofile Cloud today announced the official rollout of EverFiles, a cloud storage platform designed for businesses across South Africa and East Africa. EverFiles is predicted to make a significant impact as it launches amid a fast-growing enterprise file synchronization and sharing (EFSS) market, which is projected to reach USD 2,691.01 million by 2029, growing at a CAGR of 26.1%. “EverFiles aims to be at the heart of digital workplace evolution, providing a seamless and secure platform for businesses to manage and share files,” stated Steve Porter, Managing Director at Metrofile Cloud. “In a region that is rapidly adopting digital and cloud-based solutions, EverFiles stands out by of...

30Jul

By Africa BusinessNo Comments

Business, Kenya News

APA Insurance and Hollard International commence collaborative operations

Collaborative effort to drive change in East Africa's Insurance market Following the announcement of their partnership last year, APA Insurance, a leading insurance company in Kenya, and Hollard International, a Pan African Insurer, have officially commenced collaborative operations. This partnership aims to unlock the potential of Kenya's insurance industry by leveraging their combined expertise to provide customised insurance solutions for both individuals and businesses. Ashok Shah, Group CEO of Apollo Investments Limited, said “Our partnership with Hollard International is strategic for APA Insurance as it opens new avenues for growth and expansion. Hollard's investment in Apollo Investments Limited, APA’s parent company, provides us with access to a broader market and further expert...

9Jun

By Africa BusinessNo Comments

Uganda News

How community-led conservation is boosting the local economy in Ugandan villages

by Leo Gripari, CEO, That Gorilla Brand Water is the world’s most precious commodity. Its abundance has the power to create and renew existence; its scarcity has the ability to destroy and extinguish. With just over 1% of all water on Earth safe for human consumption, and the UN’s recent climate report warning of an imminent water crisis that is likely to ‘spiral’ out of control, immediate action is needed to prevent further loss of life. The global story of water scarcity is not an untold one. Governments, NGOs and individuals are acutely aware of the impact that limited access to clean and safe water has on survival. However, a story that is less told, is the socioeconomic impact of communities with just enough water to survive. The story of school children having water as their only...

8Nov

By Charles BwanikaNo Comments

Agriculture, Startups, Uganda News

Creating a borderless agribusiness space in Uganda and across East Africa

Startup testimony Charles Bwanika, a new generation social entrepreneur Charles Bwanika is a new generation social entrepreneur, passionate about undertaking positive challenges to bring about positive impact people’s lives he’s a seasoned child rights activist, experienced and qualified Community development expert with aBA in Development Studies (BDS) and a Diploma in Community Psychology from Ndejje University and Kyambogo University in Uganda respectively. He also has numerous post graduate professional trainings in different fields including Research Methodologies, Child Protection, Civil Leadership, Project Planning and Management, Business and Entrepreneurship among others. Charles is the Founder & CEO of an agritech social enterprise - Farm Kiosk which is on a mission of ...

22Oct

By Ogi Williams and Jacques Du PreezNo Comments

Energy

African Oil & Gas: Evolving the industry post Covid-19

By Ogi Williams and Jacques Du Preez The following paper provides excerpts from Johannesburg-based consulting firm In On Africa’s 2021 African Oil and Gas report. The post Covid-19 period has pushed Africa's oil and gas industry to adapt to a very different paradigm and one revolving around hydrocarbon divestment and increased renewable energy focus. As the pandemic and related financial fallout drove oil prices down and well beyond sustainable thresholds during 2020, projects across the continent were delayed or abandoned entirely. This has been compounded by the growing risks to financing posed by the global divestment movement, with some of the continent's largest financiers announcing a gradual draw down on hydrocarbon financing. One silver lining amid this uncertainty is the renewe...

18Oct

By Africa BusinessNo Comments

Kenya News

Autochek Officially Launches in Kenya

African automotive company aims to increase its footprint across East Africa Nairobi, Kenya - Autochek, the automotive technology company that aims to facilitate auto finance across Africa, has officially widened its operations to Kenya as part of its pan-African expansion. To lead its Kenya operations, Autochek has appointed Bilhah Muriithi as the Country Manager. Having recently acquired automotive marketplaces Cheki Kenya and Cheki Uganda from ROAM Africa (Ringier One Africa Media), the move into the Kenyan market signals Autochek’s focus on building digital solutions that will increase market adoption for auto loan financing and drive partner prosperity for its core stakeholders, such as dealerships, garages and financial institutions. With credit penetration in Kenya at 27.5% and ...

ONOMO Hotels Group opens its first hotel in Kampala, Uganda consolidating its investment in East Africa

10Oct

By Africa BusinessNo Comments

travel, Uganda News

ONOMO Hotels Group opens its first hotel in Kampala, Uganda consolidating its investment in East Africa

This new hotel marks a milestone in the group’s growth in East-Africa, and brings its footprint to 22 hotels in 13 countries in Africa ONOMO Hotels Group continues its development in East Africa and opens its first hotel in Uganda. In line with the group’s strategy of opening hotels in the heart of iconic African cities, ONOMO Hotel Kampala is located in Kampala, economic beating heart of Uganda, on Nakasero Hill, the hotspot and preferred meeting place for entrepreneurs, businesspeople and shopping enthusiasts. “We are excited to welcome guests to ONOMO Hotel Kampala as an ideal destination for friends, families, couples and business travelers from all corners of the world looking to experience the vibrant and warm Ugandan hospitality, it’s rich culture and local artists, where every ...

7Sep

By Faizal BhanaNo Comments

Kenya News

Challenges of Governance and Succession; A Focus on the Integration of the NexGen in Family-Owned Businesses in Kenya

Written By Faizal Bhana, Director – Middle East, Africa, and India, Jersey Finance Family-owned businesses in East Africa have been instrumental to the socio-economic development of the region and a catalyst for the growth of the private sector. With a long multi-generational history, their focus has been on manufacturing industries, consumer goods, construction, and agriculture. Hence the need to ensure a more integrated and structured wealth transfer method, particularly with the next family generation (‘the NextGen’) for longevity purposes. According to research by Asoko, there are 645 family-owned businesses earning between US$10m and US$100m in East Africa. Nearly three-quarters of these companies are Kenyan with Uganda, Rwanda, and Tanzania accumulating 2% of the total figure each....

28Apr

By Shahina ParvinNo Comments

archaeology, Ethiopia News, South Africa News, Sudan News, Tanzania News

Some Archaeology Discoveries In Africa

2-Million-Year-Old Stone Tools Discovered: How Were Humans Back Then? Ancient Artifacts and findings in Kalahari. Archaeologists discover new site in East Africa. Medieval Beads: The Truth behind the African Trade Routes. The Oldest Bedding Found in South Africa. South African 'lost city' found using laser technology. The 2021 year. 2-Million-Year-Old Stone Tools Discovered: How Were Humans Back Then? The Olduvai Gorge / Oldupai Gorge in Tanzania has always been one of the most important paleoanthropological sites all around the world. It has given such proofs that paves the understanding of early human evolution. It is because many groups of scientists have been finding hundreds of fossilized bones and stone tools in this area which are from millions of years ago. Ewass Oldupa, the w...

Affordable digital banking to revolutionise price-sensitive East African payments market

21Apr

By Africa BusinessNo Comments

Fintech, Kenya News

Affordable digital banking to revolutionise price-sensitive East African payments market

In a region still dominated by cash and mobile money options, like M-Pesa, new collaborations between fintechs are looking to capture the price-sensitive market with innovative, open-loop digital payment solutions in East Africa. According to Mark Dankworth, President International, Ukheshe Technologies, the region is poised for a surge in digital banking growth, with the likes of MCQR and virtual cards likely to make the biggest impact. This follows the Kenyan retail-tech startup, Tanda, leveraging Ukheshe Technologies’ cutting-edge Eclipse API to increase their digital banking offering in Kenya and East Africa to include QR payments, digital wallets and the issuing of physical and virtual cards. The move will empower Tanda agents and merchants throughout East Africa to implement 100,000 ...