Kuehne+Nagel completes acquisition of Apex Logistics

WORLD – Global transport and logistics company Kuehne Nagel, has completed the acquisition of Apex International Corporation, following the satisfaction of all closing conditions. Apex is an Asian freight forwarder, especially on the transpacific and intra-Asia trade routes. In 2020, the company generated turnover of CHF 2.2 billion (US$2.4 billion), gross profit of CHF 296 million (US$327 million) and earnings before taxes of CHF 126 million (US$139 million) and ranked seventh in terms of global air freight forwarding volume. In the first quarter of 2021, Apex has continued to perform…

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Maviance secures US$3m from MFS Africa to expand into other countries

CAMEROON – MFS Africa, a pan-African fintech company operating a digital payments hub on the continent, has provided seed investment of US$3 million to Maviance, a Cameroon-based fintech provider. Maviance will be using the new funding to increase its footprint in its Cameroon and to expand into other countries in the central African economic region (CEMAC).   “The rapid development of digital financial services that we have seen in Cameroon over the past few years is poised to spread across the CEMAC region. This will further accelerate the demand for domestic…

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Prime Hospitality Management to manage Tredco El Sayad’s new units

EGYPT – Prime Hospitality Management Group (PHMG), a property rental and management company, has secured a contract to manage new serviced units owned by the Tredco El Sayad Company, affiliated to El Sayad Group, in the 10th of Ramadan City. PHMG specialises in managing branded and serviced units, as well as renting and managing apartments furnished in the same manner as a hotel system, known as “vacation houses”. This contract comes as part of the PHMG’s expansion plan into new markets and cities. Moataz Amin, CEO of PHMG, said that…

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Orange to reduce carbon print with deployment of solar solutions in Africa

AFRICA – Orange, a multi-service telecoms operator, is set to deploying solar solutions across Africa and Middle East, an initiative to avoid using generators that run on fossil fuels that emit CO2. Innovative solar solutions are at the forefront of Orange’s. This is in-line with their goal to reduce the organisation’s carbon footprint to zero by 2040. Across the region, many of the company’s sites are not connected to the electricity grid and when they are, the quality of the grid often requires alternative backup solutions. To avoid using generators…

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E-learning startup Classes.ng launches marketplace for educational classes

NIGERIA – Classes.ng, an online search engine & marketplace for both physical & online classes, courses and training programs, has launched its free and open marketplace for classes. In the marketplace, tutorial centres, freelance tutors, schools, universities, training institutions and online institutions can list courses and programmes that are instantly available for registrations and enquiries. “Unlike conventional on-demand tutoring platforms like Tuteria and PrepClass, we do not provide the training and we do not take commissions on bookings,” co-founder Daniel Osi. “It’s a totally free and open marketplace and we…

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Hospitality investment platform Kasada Capital Management acquires the largest hospitality complex in Namibia

NAMIBIA – Sub-Saharan hospitality investment platform Kasada Capital Management, has announced the acquisition of the 414-key Safari Hotels and Conference Centre in Windhoek, Namibia. The transaction will be made through Kasada Hospitality Fund LP and remains subject to approval by the Namibian Competition Commission. The hotel complex is strategically located within ten minutes of Windhoek’s city centre and adjacent to Eros Airport. It consists of the 215-key Safari Court Hotel, the 199-key Safari Hotel and Namibia’s foremost Meetings, Incentives, Conferencing, Exhibitions (MICE) venue, the Safari Court Conference Centre that includes a…

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DHL-Ethiopian Airlines Logistics Services appoints Silvio Weiland as general manager

ETHIOPIA – DHL-Ethiopian Airlines Logistics Services, a joint venture company by DHL Global Forwarding (DHL) and Ethiopian Airlines, has appointed Silvio Weiland as general manager to oversee the strategic direction of the business in the country. Weiland takes over the leadership role from Berhanu Kassa, who was one of those instrumental in forging the strategic partnership between DHL and Ethiopian Airlines. Kassa will continue to support the joint venture whilst he returns to handle logistics services at Ethiopian Airlines. Weiland will report to Ivin George, managing director for DHL Global Forwarding, East…

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Investor Transactional Capital begins WeBuyCars takeover discussions

SOUTH AFRICA – Investor group Transactional Capital has opened formal negotiations with WBC Holdings to acquire controlling shares in online, vehicle retailer WeBuyCars. The Johannesburg Stock Exchange -listed Transactional Capital announced that it’s seeking to increase its stake in WeBuyCars from the current 49.9% shareholding to 74.9% and take charge of the online retailer. WeBuyCars is a dealer in used vehicles in South Africa. The car dealer purchases used vehicles mainly from private sellers and then on-sells them to used car dealers and private consumers. In a note to shareholders,…

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E-tourism startup Wantotrip raises funds from business angels for its development

TUNISIA – Wantotrip, an E-tourism startup that aims to revolutionize travel, has announced that it is raising the funds from investors and Business angels, for its development. Created in 2019, Wantotrip is a travel platform that uses the power of influencer marketing to promote themed, small-group trips operated by partner travel agencies and supported by community leaders. Chahrazed Remadi and Makrem Hermassi, the co-founders of Wantotrip, have succeeded in successfully carrying out their young startup hit by the health crisis and which – not only comes out more solid –…

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Starsights Energy expands to East Africa with 50% acquisition of Premier Solar Group

NIGERIA – Starsight Energy, a commercial & industrial(C&I) solar power supplier, has announced its expansion into East Africa via the acquisition of a 50% stake in the East African operations of Premier Solar Group, a market-leading Commercial & Industrial (C&I) solar company with a focus on Sub-Saharan Africa and South Asia. The transaction will see the creation of Starsight Premier Energy Group which will offer sustainable power and cooling-as-a-service and battery storage solutions to C&I clients in Kenya, Uganda, Tanzania, and Rwanda. Founded in 2015, Starsight Energy is the leading…

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