eci, ati sign reinsurance agreement

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 on the Memorandum of Understanding( MoU) that each party signed in March of last time with the thing of boosting […]

the first african carbon credit market opened in egypt

The first African carbon credit market opened in Egypt

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 organisation to issue carbon credits was signed by the Agricultural Bank of Egypt, Libra Capital, and the Egyptian Exchange Holding […]

businesses urged to rise efforts to stem tide of climate change

Businesses to rise efforts to stem tide of climate change

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 mitigation. The comment was delivered at a formal side event that the Commonwealth Secretariat, the governments of Saint Lucia, Namibia, […]

south africa's new transformation law what you need to know

South Africa’s new transformation law: What you need to know

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 South Africa, according to legal experts at Cliffe Dekker Hofmeyr (CDH). The newly revised EE Act will go into effect […]

Businesses in Africa were affected by floods over the last year

Businesses in Africa were affected by floods over the last year

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 stress were the most significant in terms of worries about the physical hazards to African companies. A wide range of […]

tanzania and china agree on more than a dozen deals to foster stronger trade ties

Tanzania and China agree on more than a dozen deals to foster stronger trade ties

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 Hassan, to China. The State House spokesperson Zuhura Yunus noted that the deal primarily focused on avocado transportation, expansion of […]

$40 bn grid investments needed for stable electricity

$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 provide stable electricity to their citizens. According to forecasts, there would be a rise in energy consumption throughout Africa in […]

Renda to provide logistic services for businesses in Nigeria

Renda to provide logistic services for businesses in Nigeria

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 sure you have everything under control and that it generates favourable evaluations. Renda is a startup that assists African small- […]

TraceX Collaborates with ‘Univision’ to Offer Traceability Solutions

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 and Univision’s collaboration will enable the unification of the whole agricultural sector into a single platform. All participants in the […]

nestle appoints new managing director for east s africa

Nestlé appoints new Managing Director for East, S Africa

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, South Africa. Olierhoek, who has been the region’s Chairman and Managing Director since 2018, will transition to a new position […]

the 5th youthconnekt africa summit concluded with demands to invest in youth

The 5th YouthConnekt Africa summit concluded with demands to invest in youth.

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 and innovators from all over the world came together to talk about the different ways that young people on the […]

restrictions are imposed on the use of foreign currency in ethiopia.

Restrictions are imposed on the use of foreign currency in Ethiopia

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 response to a growing trade deficit. Since companies are required to register with banks in order to get the foreign […]

e commerce enters the high growth stage in mena

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 payment solutions, shows that the pandemic-accelerated e-commerce trends are here to stay. More than 15,500 consumers across the Middle East […]

south africa service smmes can fuel economic growth

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 of some form. In the past, economists have downplayed the role that services play in fostering economic growth and employment […]

south african startup iidentifii raises record $15m

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 largest African series A in the identity verification sector to yet is this one. The company iiDENTIFii is regarded as […]

business leaders from south africa, europe to unite

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 sectors. The European House – Ambrosetti (the top private think tank in Italy, fourth in Europe, and among the top […]

south africa’s cef joins african energy week 2022 as host nocs

South Africa’s CEF joins African Energy Week 2022 as Host NOCs

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. Africa’s national oil corporations (NOCs) have a crucial role to play in this process. In this regard, the African Energy […]

ajufo appointed as hudson sandler aide for w. africa business

Ajufo appointed as Hudson Sandler aide for W. Africa Business

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 in Nigeria and Kenya. Hudson Sandler Africa has overgrown over the last two years. It is providing international consulting services […]