African airlines’ traffic fell 68.2% in June 2021, cargo demand goes up -IATA

AFRICA – The International Air Transport Association (IATA) announced has passenger demand performance for June 2021 showing a very slight improvement in both international and domestic air travel markets even though demand remains significantly below pre-COVID-19 levels owing to international travel restrictions. As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted, all comparisons are to June 2019, which followed a normal demand pattern. Total demand for air travel in June 2021 (measured in revenue passenger kilometers (RPKs) was down 60.1%…

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Imperial inks US$300m deal to acquire logistics company J&J

MOZAMBIQUE – Imperial Logistics has announced that it reached an agreement to buy African logistics company J&J Group in a R4.4 billion (US$300 million) deal. The agreement comes on the back of Imperial’s announcement that Dubai Ports World (DP World) wants to buy and de-list the local group in a R12.7 billion deal (US$867.9 million). Imperial explained that it had received DP World’s consent for the J&J transaction, which will be concluded once regulatory and other conditions are fulfilled.  J&J has logistics operations between Mozambique, South Africa, Zimbabwe, Zambia, Malawi and…

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Mobility company Swvl plans to go public in US$1.5bn merger with Gambit Growth Capital

EGYPT – Dubai-based mobility company Swvl has announced plans to go public through a reverse merger with Queen’s Gambit Growth Capital, a special purpose acquisition company (SPAC). Queen’s Gambit Growth Capital was created earlier this year by a team of female executives (which claims to be the first women-led SPAC). Its CEO Victoria Grace is the founder of New York-based VC fund Colle Capital. The two companies have entered into a definitive agreement for a business combination that would result in Swvl becoming a publicly listed company on NASDAQ after…

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Egypt’s contactless grocery delivery platform GoodsMart raises US$3.6m for further expansion

EGYPT – Egyptian grocery delivery platform GoodsMart, has raised US$3.6 million in a funding round led by Sawari Ventures. Founded in 2014, GoodsMart allows customers to browse thousands of premium grocery and home products from a variety of shops and suppliers, place orders, and have goods delivered to their door. On the surface, the company may look like any other grocery delivery startup but the overall user experience and operating model GoodsMart has is completely different. According to reports by Menabytes, its grocery delivery service is contactless as the users receive…

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Logistics startup Errand360 launches it delivery services in Nigeria

NIGERIA – Errand360, a new logistics startup has launched bicycle-based delivery service in Nigeria. The bicycle delivery platform is built to serve users with demand for quick and short errands within their communities and on-demand delivery services. It serves users with a variety of delivery services, with the first phase of rollout beginning in Lagos and users able to access its services via mobile app. The self-funded Errand360 has purchased 100 branded bicycles, backpacks and helmets, and deployed its apps, and is now working on building its user base. The…

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Airline startup Cally Air debuts its commercial flights in Nigeria

NIGERIA – Cally Air, a Nigerian-based startup airline, has begun commercial flights between Lagos, Abuja, and Calabar despite the COVID 19 Pandemic and its impact on the aviation industry. The flights will start using a B737-300, registered 5N-BYQ (MSN 30334). This will be the first Commercial flight of Cally Airlines. “This marks the commencement of the state of Cross River’s liberation and total independence from the government.” the governor remarked, congratulating all the people. Cally Air, in my opinion, is the start of the privatization process that will eventually result…

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German airline Eurowings Discover debuts Frankfurt – Mombasa flights

KENYA – Eurowings Discover, a subsidiary of Lufthansa Group, has launched its inaugural flight from Frankfurt to Mombasa, Kenya using A330-200 for its first flight before heading on to Zanzibar, Tanzania as a tag flight. From August 2 2021, this will be followed by further supplementary services to Punta Cana, the Dominican Republic with three flights a week, as well as to Windhoek, Namibia on five days a week. From October 2021, Eurowings Discover is planning further flights to Las Vegas and Mauritius and in the 2021 winter flight schedule,…

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Kenya Airways increases flights to European routes as summer demand surges

KENYA – National carrier Kenya Airways has increased frequencies to Europe following high demand from passengers seeking air travel for summer holidays. The carrier has increased weekly flights to Paris from three to four starting Saturday, July 17, 2021, London will get an additional flight from one to two starting July 27 while Amsterdam will get two frequencies beginning August 2, 2021. The rise in demand is the product of increased travel to Kenya and other East Africa countries by western tourists seeking safari visits and a view of the wildebeest migration in…

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Ride-hailing firm Little sets eyes on the Ethiopian market

ETHIOPIA – Kenyan ride-hailing firm Little is expanding to Addis Ababa, Ethiopia joining Safaricom and several other Kenyan firms in the race to crack the Ethiopian market that has so far remained closed to foreign companies. The firm’s  Chief Executive Officer Kamal Budhabhatti told Business Daily that the company will invest US$5 million in the next five years, with plans to inject an additional US$5 million based on its growth projections. The company, which competes with global players Uber and Taxify in Kenya, Uganda, Zambia, and Tanzania, will start Ethiopia…

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Imperial Logistics in talks to buy Mozambique transport firm J&J Africa ahead of its own takeover by DP World

MOZAMBIQUE – Imperial Logistics is planning to acquire transportation firm J&J Africa ahead of its own takeover by Dubai giant logistics giant DP World. The South Africa-based company is holding talks to buy the business from its private equity owners, it said in a press statement that confirmed an earlier Bloomberg News report. There is no certainty that any agreement will be struck, Imperial said. A deal, if completed, could value J&J at US$350 million to US$400 million, according to people familiar with the matter. J&J provides transport and logistics services…

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