Real estate search engine Aqarmap launches service for efficient interaction for their customers

EGYPT – Real estate search engine Aqarmap has launched the Aqarmap Matcher service, to increase the efficiency of interaction between sellers and buyers, and to benefit from lost marketing opportunities in supply and demand. According to Daily News Egypt, this will achieve compatibility and concordance between both buyers’ and sellers’ interests, through a database that includes 7.9 million clients interested in real estate. The platform includes the biggest database of clients in the real estate market, which has been compiled over 10 years. Business Development Manager Ahmed Abd El-Fattah said…

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GreenYellow secures US$25m loan from FMO for development of solar plant

BURKINA FASO – French renewable energy developer GreenYellow, a unit of the Casino Group, has secured a €21 million (US$25.57m) loan by Dutch development bank FMO for its solar power plant in Nagréongo, Burkina Faso. The money will be given in three tranches of €7.9 million (US$9.62m), €7 million (US$8.52m), and €6.1 million (US$7.43m), by FMO’s Fund for Access to Energy. “We look forward to contributing to a substantial increase in production capacity from renewable resources in Burkina Faso, at lower costs,” said Huub Cornelissen, director of energy at FMO.…

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Fintech startup MoneyHash closes pre-seed funding round to launch across MEA

EGYPT – MoneyHash, a fintech startup, has closed a six-figure US dollar pre-seed funding round to launch its services across the Middle East and Africa (MEA) region. The six-figure round was led by UAE-based venture capital firm COTU Ventures, with participation from Ventures Platform, Kepple Africa Ventures, and various angel investors. MoneyHash uses a universal API and a unified checkout experience to help businesses consolidate and grow their payments and financial tech stack. Founded in late 2020 by Nader Abdelrazik, Mustafa Eid and Anisha Sekar, MoneyHash provides a unified checkout…

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Dislog Group, SPE Capital Partners exit SPE AIF I fund

MOROCCO – Dislog Group, a fully integrated distributor company, and SPE Capital Partners, a private equity firm, have announced the exit of SPE AIF I from H&S Invest Holding following the approval of the competition board in Morocco. Following the transaction, the Belkhayat family and management together own 100% of H&S. Dislog, which is chaired by Moncef Belkhayat, has achieved the transformation plan announced June 2019 following the partnership with SPE Capital, with a successful entry into FMCG manufacturing and the restructuring of H&S into an operational holding company led…

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United Airlines unveils direct New York – Johannesburg direct service

SOUTH AFRICA – United Airlines, an American airline headquartered in Chicago, flew its inaugural non-stop daily service today between New York hub at Newark Liberty International Airport and O.R. Tambo International Airport, Johannesburg. The new service is operated with state-of-the-art B787-9 Dreamliner aircraft and together with the airline’s seasonal, three-times weekly service between Cape Town and New York/Newark, United will offer more nonstop services from South Africa than any other US airline and is the only airline providing a daily nonstop service between Johannesburg and New York. “We are excited to…

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Flat6Labs launches capacity building program for regional support structures in Tunisia

TUNISIA – North Africa focused startup accelerator Flat6Labs, has launched Ignite Tunisia, a capacity building program for regional support structures in Tunisia. Launched by Flat6Labs, funded by the European Union and implemented by Expertise France as part of the “Innov’i” project, Ignite Tunisia is a capacity building program for regional support structures in Tunisia. “Ignite Tunisia was born from a reflection of more than two years,” said Yehia Houry, Managing Director of Flat6Labs. “We were able to identify the challenges encountered by the regional support structures which can range from…

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Logistics startup Amitruck and Sanergy partner for sustainable waste management

KENYA –  Amitruck, a technology startup and waste management solutions provider Sanergy have announced a partnership to tackle waste management in Nairobi, Kenya. Through the partnership, they have built an end-to-end value chain network of operations and efficient logistics that will collect, treat, and convert two streams of waste: sanitation waste generated in low-income informal settlements with inadequate sanitation services and kitchen & agricultural waste from restaurants, marketplaces and agricultural pack houses building a new model for city’s resilience through circular organic waste management.  The partnership has also created more jobs in the…

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Standard Chartered Bank Kenya names Kellen Kariuki as new board chair

KENYA – Kellen Kariuki has been appointed as the new Chairperson of the Board of directors of Standard Chartered Bank Kenya, following the retirement of Engineer Patrick Obath. Her appointment took effect from May 31, 2021. Prior to her appointment to chair the board, she served as an independent non-executive director of the board since her appointment on 10th February 2021. Kellen has a rich experience in the banking and finance industry having served in various top leadership roles at Citi Bank North America for more than 20 years. She was…

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Kenya’s consumer credit platform Lipa Later enters Ugandan market

UGANDA – Lipa Later, a Kenyan consumer credit platform, has expanded into the Ugandan market to enable customers to access credit to purchase products from retailers and supermarkets on monthly instalments. The company, which also has operations in Rwanda, said the new service will enable customers to purchase latest mobile phones, electronics, and furniture. Lipa Later Chief Executive Officer, Eric Muli, said the new service is designed to facilitate Ugandans to own mid to high value goods and upgrade their homes. “We recognize that more often than not, there is…

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