NAS wins airport lounge tender for the new terminal at Kenneth Kaunda International Airport

ZAMBIA – National Aviation Services (NAS), airport services provider, and NAC2000 Corporation have been awarded a tender to operate an airport lounge in the new terminal at Kenneth Kaunda International Airport (KKIA) in Lusaka, Zambia. The five-year tender includes building a 588M2 exclusive departure lounge that will cater to all passengers travelling out of the airport in Lusaka that will offer a comfortable space for passengers to relax, enjoy a meal, or catch up on last-minute work before boarding their flight. The new Pearl Lounge will be part of more…

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Automotive digital marketplace Odiggo expands to Dubai

MEA – Odiggo, the Cairo-based automotive digital marketplace, has opened in Dubai, with the goal of becoming the top Autotech business in the Middle East and Africa. The automotive tech app was founded in 2019 by Ahmed Omar and Ahmed Nasser. It sells car parts and accessories directly from various vendors. In the first seven months of service, the startup had 2000 customers onboard. Odiggo claims to have the largest catalog of auto spare parts in the region. The startup makes money by charging 7 to 22 percent commission on…

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Ethiopia’s edtech startup Gebeya launches its revamped marketplace

ETHIOPIA – Gebeya, the Pan-African source for freelance professional talent, has expanded its revamped marketplace, the first of its kind in terms of reach in Africa.  Prior to investment, Gebeya operated mostly a manual non-scalable marketplace model.  The firm raised a US$2M seed investment in February 2020, co-led by Partech and Orange Ventures and followed by Consonance Investment Managers, to set up the machine for scale, fully automated and digitized.  Gebeya.com connects Start-ups and Small and Medium Enterprises to professional talents from across the continent and the platform offers a…

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Private hospital group Mediclinic ink deal with Moshesh Partners to deploy solar power at six hospitals

SOUTH AFRICA – Private hospital group Mediclinic has signed a power purchase agreement (PPA) with renewable energy producer Moshesh Partners to deploy a solar photovoltaic (PV) system at six of its hospitals. The 12-year PPA, signed with the option to extend to 25 years, will ensure that the hospitals have access to affordable and clean power over that time period, according to the medical group. The agreement comes after President Cyril Ramaphosa’s announcement that South Africa would raise the limit on self-generation of renewable power from 1MW to 100MW, including the ability to sell excess capacity into the grid, declaring…

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AfDB appoints Jacques DJOFACK as Director of Financial Management

AFRICA – The African Development Bank Group has announced the appointment of Mr. Jacques DJOFACK as Director, Financial Management, effective 1st June 2021. Jacques, a French national, brings to this role almost 20 years of international experience and expertise in Financial Risk Management from both Development Banks and Commercial Banks in Africa and Europe. Prior to his appointment, Jacques served as Division Manager in the Financial Management Department of the Bank, a position he has held since April 2018. Jacques joined the Bank in 2011 as Chief Financial Risk Officer…

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Tanzania to add Gold to reserves, resume US$3b Iron project

TANZANIA – The government of Tanzania has launched a new gold refinery as its central bank plans to start buying the metal to diversify its reserves. The Mwanza Precious Metal Refinery Limited is able to process 480 kilogrammes of gold per day, and plans to double the capacity in a few months, Tanzanian President Samia Suluhu Hassan said in a televised speech. The East Africa nation’s State Mining Corporation has a 25% stake in the project, while Dubai-based Rozella General Trading LLC and Singapore’s ACME Consultant Engineers PTE Ltd. own…

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Property management platform Seso Global raises US$600,000 pre-seed funding round

NIGERIA – Seso Global, a property management platform, has raised a US$600,000 pre-seed funding round in its bids to build on strong initial traction to challenge Salesforce in property managing in emerging markets. Investors in the round included Kepple Africa Ventures, Rising Tide Africa, and Moabi Group, as well as angel investors Albert Essien, Ibrahim Sanga, and Jamie Broderick. Founded in 2019, Seso has created a customer relation management (CRM) portal that enables property developers, agents and governments to manage their properties, documentation and transactions on a secure blockchain database.…

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Airport services provider NAS launches operation in Guinea Bissau

GUINEA BISSAU – National Aviation Services (NAS), the airport services provider, has announced the launch of its operations at Osvaldo Vieira International Airport in Guinea Bissau. In September 2020, NAS signed a 10-year contract for comprehensive ground handling services with the Guinea Bissau Ministry of Transport and Communications. This is a first of its kind public private partnership in the country between the Government and a foreign private company. The only international airport in the country, Osvaldo Vieira is a hub for exports of fresh seafood and agriculture to Europe,…

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Teeth-straightening startup BASMA.com closes US$3m Series A funding to scale up operation

MENA – BASMA.com, a teeth-straightening D2C startup, has closed US$3 million Series A funding led by MEVP to scale up its healthtech platform in the MENA region. The funding also saw the participation of SOSF, IM capital and returning investors iSME, Cedar Mundi Ventures and IFA capital. BASMA.com is a digital healthcare platform working on redefining the orthodontics support experience with a chain of digitally-equipped clinics to offer faster and more precise treatments through its licensed partners. It uses ISO and CE certified invisible teeth aligners, 3D-printed in-house, to assist…

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Sound Energy acquires Schlumberger Silk Route Services Limited

MOROCCO – Sound Energy, a gas company, has entered into a sale and purchase agreement with Schlumberger Holdings II Limited to acquire the entire issued share capital of Schlumberger Silk Route Services Limited (SSRS). SSRS holds a 27.5% participating interest in the Anoual and Greater Tendrara exploration permits in Eastern Morocco together with a 27.5% indirect interest in the Tendrara Concession through its contractual relationship with the Group. ”We are delighted to have increased our working interest in our principal assets in Eastern Morocco on highly attractive term,” Graham Lyon,…

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