South Africa’s wealthiest individual and billionaire Johann Rupert has decided to completely divest from British American Tobacco (BAT) signaling the end of his family's long standing ties to the tobacco industry. Major Share Sale Announcement…
ECI, ATI sign reinsurance agreement
By offering enterprises trade credit insurance and trade backing results, Etihad Credit Insurance( ECI) and African Trade Insurance Agency( ATI) hope to promote marketable ties and increase exports between the two requests. The agreement builds…
The first African carbon credit market opened in…
The first carbon credit company in Egypt has been established by government officials, opening the door for a national carbon credit market to lower CO2 emissions. On November 6, an agreement to establish Egypt's first…
Businesses to rise efforts to stem tide of…
Member nations across the Commonwealth are eager to see corporations play a bigger role in the fight against climate change in light of the growing climatic uncertainties and rising financial needs for climate adaptation and…
South Africa’s new transformation law: What you need…
The newly amended Employment Equity (EE) Act, which gives the employment and labour minister the authority to regulate sector-specific EE targets and compliance requirements, has the potential to have a significant impact on businesses in…
Businesses in Africa were affected by floods over…
According to a recent study, 23% of African firms were impacted by drought over the past year, and 39% by floods. The British International Investment's Emerging Economies Climate Report 2022 noted that drought and water…
Tanzania and China agree on more than a…
Tanzania and China signed 15 agreements to foster bilateral trade relations between the two countries. The agreements were signed as part of the agendas during the three-day visit of the President of Tanzania, Samia Suluhu…
$40 bn grid investments needed for stable electricity
Kola Adesina, group managing director of Sahara Power Group, has estimated that it will take around five years for African nations to invest an average of $40 billion in their power grids in order to…
Renda to provide logistic services for businesses in…
When you run an eCommerce business, logistics may be a real pain, especially if you need to manage various delivery locations and riders. Given how crucial order fulfilment is to your clients, you should make…
TraceX Collaborates with ‘Univision’ to Offer Traceability Solutions
In order to provide end-to-end traceability in the agricultural supply chain, TraceX Technologies, a blockchain-powered traceability technology that improves food and supply chain transparency, has entered the African market in partnership with Ghana-based Univision. TraceX…
Nestlé appoints new Managing Director for East, S…
Nicole Roos has been elected by Nestlé to follow Bruno Olierhoek, whose tenure ends on October 31, 2022, as the Managing Director for the East and Southern Africa Region (ESAR), which is based in Johannesburg,…
The 5th YouthConnekt Africa summit concluded with demands…
After three days of conferences, masterclasses, and networking sessions, the 5th edition of the Youth Connect Summit came to a close in Kigali, Rwanda, on Saturday, October 15th. At the event, thousands of young leaders…
Restrictions are imposed on the use of foreign…
In an effort to shore up declining foreign reserves in one of Africa's main economies, Ethiopia has ordered banks to withhold foreign currency from businesses that are importing non-priority commodities. This move was made in…
E-commerce enters the high-growth stage in MENA
The MENA region's e-commerce industry has entered a period of stability and rapid expansion, offering more chances for e-commerce businesses. Data from the report Digital Transformation in MENA 2022 by Checkout.com, a global leader in…
South Africa: Service SMMEs can fuel economic growth
It is widely acknowledged that SMMEs are crucial to the African economy. Eight out of every ten Africans, according to the Centre for Strategic and International Studies, work for a micro, small, or medium-sized business…
South African startup iiDENTIFii raises record $15m
The biometrics start-up iiDENTIFii in South Africa has raised $15 million in expansion financing. The Dutch Entrepreneurial Development Bank, Norfund, Rabobank Partnerships, and African investment firm Arise were among the round's key investors (FMO). The…
Business leaders from South Africa, Europe to unite
The 9th "Southern Africa Europe CEO Dialogue" will bring together some of Africa's and Europe's top business figures in Johannesburg in November to discuss strategic economic links and look into collaborative investment potential in priority…
South Africa’s CEF joins African Energy Week 2022…
The optimal production and utilization of the estimated 125.5 billion barrels of crude oil and 620 trillion cubic feet of gas reserves on the continent is essential for ensuring that everyone has access to energy.…
Ajufo appointed as Hudson Sandler aide for W.…
Onyebuchi Ajufo has been appointed as a partner in charge of Hudson Sandler, global strategic communications and ESG consultancy, for West Africa's business. The appointment reflects Sandler’s consistent growth in Africa, driven by flagship offices…
