Tag: Africa

Total, Siemens Energy to study sustainable solutions for CO2 emissions reduction

Frank

AFRICA – Total, an oil and gas company, and Siemens Energy, an energy technology company, have signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation. “This collaboration with Siemens Energy, a major player in the energy technology sector, brings many opportunities to further reduce the carbon footprint of our activities, especially in our strategic LNG business,” said Arnaud Breuillac, President Exploration & Production at Total. “The development of low-carbon LNG will contribute to…

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Vodacom, AUDA-NEPAD to roll out digital tech for Covid-19 vaccinations in Africa

Frank

AFRICA – South African mobile telecommunication company Vodacom Group, part of Vodafone Group, will work with AUDA-NEPAD to build digital infrastructure to manage vaccinations across up to 55 countries, following successful deployments in South Africa – to manage Covid-19 vaccinations – and in Mozambique, Tanzania, and Nigeria – to manage infant inoculations. According to a statement released to the media, the roll-out of mVacciNation, developed by Mezzanine, a member of the Vodacom Group, is the first project in a public-private partnership that has been formed between Vodacom Group and AUDA-NEPAD “to…

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IHG Hotels and Resorts appoints Haitham Mattar as managing director of India and MEA

Frank

AFRICA – IHG Hotels & Resorts , one of the world’s leading hotel companies, has announced the appointment of Haitham Mattar as Managing Director of India, Middle East & Africa (IMEA), effective 18 April 2021. Haitham is a well-known industry veteran in the IMEA region, with over 25 years of experience in hospitality and tourism and an outstanding network across the industry. In his new role with IHG, Haitham will take on a broad leadership agenda to drive IHG’s business in the Middle East, Africa, and the South West Asia…

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Applications open for Jack Ma Foundation’s Africa’s Business Heroes competition 2021

Frank

AFRICA – Applications are now open for this year’s Africa’s Business Heroes competition, the Jack Ma Foundation’s flagship philanthropic programme in Africa which annually awards 10 outstanding finalists with a share of a US$1.5 million grant. In its third year, the Africa’s Business Heroes competition gives African entrepreneurs a platform to showcase their talent and grow their businesses. The central theme of this year’s competition, “It’s African Time”, is a call to action for all talented African entrepreneurs who are challenging stereotypes associated with “African time” through their businesses, to leverage the…

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Siemens Energy appoints Nadja Haakansson as managing director for Africa

Frank

AFRICA – Siemens Energy, a world leading energy technology company, has announced the appointment of Nadja Haakansson as managing director for Africa. Siemens Energy has a rich heritage in Africa, stretching back over 160 years, and has played a significant part in pioneering sustainable and economic developments in numerous countries in Africa. As managing director for Africa, Haakansson will be based in Morocco, and responsible for supporting Siemens Energy’s business across the continent, as well as developing opportunities to meet the challenges of the energy transition, while improving access to…

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Fintech SeerBit partners Wix to empower eCommerce businesses in Africa

Frank

NIGERIA – SeerBit, an online payment processing platform, has announced its partnership with Wix, a global SaaS platform, to create, manage and grow an online presence, to empower and scale eCommerce businesses in Africa. SeerBit is a product of Centric Gateway, an innovative Pan-African tech solutions company enabling seamless and secure payments across East and West Africa. This collaboration makes SeerBit a payment gateway for Wix on the African continent, processing payments in local currencies, and giving unfettered access to African businesses to build their unique online presence. This integration…

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First intra-African trade transaction worth US$270m successfully completed

Frank

AFRICA – The first intra-African trade transaction through blockchain technology worth US$270 million has just been successfully completed between Morocco and Ethiopia, according to the Office Chérifien des Phosphates (OCP), one of the world’s leading phosphates fertilizer suppliers. The first of its kind in Africa, the transaction involving the export of fertilizers from Morocco to Ethiopia was carried out thanks to the collaboration between Dltledgers, a company specializing in the digitization of trade and the Bank of Commerce and Development of East and Southern Africa (TDB). “Dltledgers made available its…

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Digital financer Baobab+ secures US$4m to support its growth and expand its range

Frank

AFRICA – Baobab+, a digital finance company focusing on financial inclusion, has secured US$4.73 million from the Energy Entrepreneurs Growth Fund (EEGF), managed by Triple Jump, and the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF), managed by LHGP Asset Management. The company obtained dual financing of US$2.37 million to support its growth and expand its range to new products and therefore promote socio-economic development in rural areas in Senegal and Côte d’Ivoire. “We are very pleased to team up with Baobab+ for EEGF’s first investment, and work towards…

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Mastercard Inc to invest US$100m in Airtel Africa’s mobile money unit

Frank

AFRICA – American financial service corporation Mastercard Inc will invest US$100 million in Airtel Africa’s mobile money operations valuing the business at US$2.64 billion, the London-listed company said in a press release to Reuters. Mastercard will hold a minority stake in Airtel Mobile Commerce, in line with Airtel Africa’s plan to monetise the mobile money business by selling up to a 25 per cent stake in the unit, the company said. In March 2021, TPG-owned The Rise Fund announced that they will invest US$200 million in Airtel Mobile Commerce (AMC)…

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Raxio Group, Meridiam partner to deploy data centres across the African continent

Frank

AFRICA – The Raxio Group, a premier pan-African data centre developer and operator, has partnered with Meridiam to deploy a network of data centres across the African continent. Meridiam is a global developer, asset and fund manager specializing in sustainable infrastructure and energy transition projects. Under the agreement, Meridiam will invest US$48 million to support the continued deployment of data centres in Africa, where both Raxio and Meridiam already have strong local presence. Meridiam’s investment is made alongside Raxio’s founding equity partner, Roha Group who established Raxio in 2018, and has been funding the company since…

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