Morocco launches its first smart charging station for electric cars

MOROCCO – Minister of Industry, Trade, and Green and Digital Economy Moulay Hafid Elalamy launched the first 100% Moroccan-made smart charging station for electric cars. Elalamy presented the project as a new and innovative Moroccan technology, part of the electronic innovations that are starting to have an important place in the automotive sector. The “iSmart” project is also part of Morocco’s long committed engagement in the automotive sector and its responsibility to maintain the development of the sector that is moving “totally, gradually, slowly, but surely towards renewable energy,” said…

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FES Group: Building Southern African Agriculture through Technology

ENGINEERING & AGRIBUSINESS SERVICES Farming & Engineering Services (FES Group) is an agricultural solutions company based in Blantyre, Malawi. With a diverse range of services to the sector, the company prides itself in its rich history and exemplary customer service to its customers. The company has recently received investment by leading private equity funds and has also entered the Zambian market to grow its footprint in Southern Africa region For more than 50 years and counting, one company has straddled the agriculture landscape in Malawi like no other. Farming &…

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Hewa Tele: Boosting Oxygen Supplies to Kenya’s Healthcare System

HEALTHCARE As the Covid-19 pandemic ravages the World, the need and relevance of oxygen in human health has become one of the most important debate topics. Hewa Tele, a Kenyan based social enterprise that provides oxygen to medical institutions in Kenya, and its founder Dr. Bernard Olayo, have become critical to how the region survives the pandemic in Kenya and the region and how the future of healthcare will be formulated in the years to come Not many people get their names mentioned by US billionaire Bill Gates, leave alone…

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Kaeme: Personal Care Products with a Purpose

PERSONAL CARE The personal care industry in Africa is changing to meet the needs of a young, vibrant population. Kaeme is a young start-up based in Accra, Ghana that is leading the way in producing high quality personal care products from Ghana for West Africa, Africa and the World market. We interviewed the proprietor of Kaeme, the jubilant entrepreneur Freda Obeng Ampofo on starting the business, its growth prospects and her future aspirations The future of the personal care industry in Africa is young, authentic, hip and vibrant. With a…

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Nairobi Securities Exchange gets approval for OTC platform to allow trading for non-listed firms

KENYA – The Nairobi Securities Exchange (NSE) has been granted approval by the markets regulator to launch the Unquoted Securities Platform (USP), an Over the counter (OTC) platform that offers unlisted companies access to long term funding through private placements. The platform will allow trading, clearing, and settlement of securities of unquoted companies. The exchange said the Unquoted Securities Platform will allow unquoted companies with a register of shareholders to enjoy price discovery and boost their stocks’ liquidity. Further, it will enable investors to view their stocks’ prices, which will…

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Uganda to build 2,700km-long standard gauge railway

UGANDA – The government of Uganda will build its standard gauge railway even if Kenya fails to extend its line to the border town of Malaba, its officials have said. Construction of the long-delayed SGR will now start in the 2022/2023 fiscal year even as the connection with Kenya remains a sticking point. The country’s 271-kilometre-long SGR was part of the Northern Corridor Infrastructure project linking Kenya, Uganda and Rwanda, but has stalled amid political and financial uncertainty. In all, Uganda is now looking at building 2,700km of SGR with…

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Vodafone to sell its 55% shareholding in its Egyptian subsidiary to Saudi Telecom Company

Vodafone extends zero charge on mobile money transfers

EGYPT – Vodafone, a British multinational telecommunications company, has sold its 55% sharehoding in Vodafone Egypt to Saudi Telecom Company on a US$2.4 billion agreement after a series of missed deadlines to complete the deal. STC, the kingdom’s biggest telecom operator, had struck a preliminary deal in January with the London-listed telecoms company to buy the stake as it sought growth in the Arab world’s most populous nation. Vodafone had said in September that it remained in talks to finalise the deal in the near future despite the expiry of…

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Eterna Plc Board of Directors approve proposed divestment plans by its shareholders

NIGERIA – The Board of Directors of Eterna Plc, an oil and gas downstream operators, has approved plans by some of its major shareholders to divest or sell their equity holdings in the firm to a new investor. This is according to a notification, signed by the company’s Secretary, Bunmi Agagu, and sent to the Nigerian Stock Exchange. As at the time of reporting this, Nairametrics gathered that the company (Eternal Plc) is yet to have full details of the transactions, hence the reason for the anonymous status of the…

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MTN launches cross-border airtime purchases

SOUTH AFRICA – MTN South Africa has launched MoMo International Airtime, which allows users to purchase airtime for recipients in other countries. The airtime purchase applies to foreign nationals living in South Africa and South Africans with friends and family living overseas. Registered MoMo (MTN Mobile Money) users can access the service on the MoMo app or via the MoMo USSD menu and users do not have to be MTN customers to take advantage of the service. “Users will be charged for the airtime in South African rand and it…

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Mastercard partners with Junior Achievement Nigeria to bridge digital and financial literacy

NIGERIA – Mastercard, a global payment and a technology company, has partnered with Junior Achievement Nigeria (JAN) to help bridge the digital and financial literacy gap amongst school students and young adults in Nigeria. Through a series of programs, the students will be equipped with essential skills to prepare them for future success as digital entrepreneurs. JAN is part of Junior Achievement Worldwide, the world’s oldest and largest non-profit economic education organization operating in 120 countries. The partnership forms part of Mastercard’s global commitments to connect 25 million women entrepreneurs…

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