Tag: Europe

Air Arabia Maroc launches new air routes linking Morocco to Europe

Frank

MOROCCO – Air Arabia Maroc, a joint venture company and member of Air Arabia Group, has announced the launch of new air routes linking Morocco to Europe as part of the company’s decision to expand its network. The new routes will include flights linking Casablanca and Geneva, Nador and the Netherlands’s Eindhoven, as well as Oujda and Spain’s Murcia. According to the company, the flights between Casablanca and Geneva will kick off on June 17. The company will serve the destination with two flights per week on Thursdays and Sundays.…

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Mobility platform Bolt raises US$182m to grow its business in Africa and Europe

Frank

AFRICA – Bolt, Europe’s leading on-demand mobility platform, has raised 150 million euros (US$182 million) to bolster the safety of its platform through facial recognition and artificial intelligence. The investment was led by D1 Capital Partners, with the participation of Darsana Capital Partners. Tallinn-based Bolt confirmed in the press release that the company will use the funds further to enhance the safety and quality of its products as it continues to grow its ride-hailing, micromobility and food delivery services in Europe and Africa. Founded by Markus Villig, Martin Villig, and…

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Liquid Telecom eyes US and Europe with Zayo partnership

Frank

ZIMBABWE – Pan-African telecoms group, Liquid Telecom, is eyeing expansion in North America and Europe after partnering with Zayo, a global provider of communications infrastructure. In a statement, the companies say the deal will see Liquid Telecom and Zayo leverage existing networks for many of their customers that have operations in North America and Europe, in addition to their African operations. “We have long been committed to building Africa’s digital future, and know that for African companies to be competitive, they have to be a part of the global digital…

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Bosch launches new rapid coronavirus test

Frank

GERMANY – German multinational engineering and technology company Bosch has developed a new rapid test for its Vivalytic analysis device to detect the SARS-CoV-2 pathogen. The test provides a reliable result in 39 minutes and is currently the fastest polymerase chain reaction (PCR) test worldwide. Bosch’s new rapid test is predestined for decentralized use in mobile test centres at freeway service stations or in airports. Available now in Europe, the CE-approved test helps avoid time in quarantine, relieve laboratories, and make travel and work safer again. “One of the keys…

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Delta Airlines to invest US$1bn on carbon emissions reduction, sustainability

Frank

UNITED STATES – United States carrier, Delta Airlines, has said that it will be committing US$1 billion over the next 10 years on its journey to mitigate all emissions from its global business. The airline said it would invest in driving innovation, advancing clean air travel technologies, accelerating the reduction of carbon emissions and waste, and establishing new projects to mitigate the balance of emissions.  “As we connect customers around the globe, it is our responsibility to deliver on our promise to bring people together and ensure the utmost care…

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11 African fintech startups selected for CATAPULT programme

Frank

AFRICA – Eleven African fintech startups have been selected to take part in the 2020 edition of CATAPULT: Inclusion Africa, which helps companies focusing on financial inclusion to scale. Building on the success of its 2018 edition, CATAPULT: Inclusion Africa is developed by the LHoFT Foundation and targets companies focusing on financial inclusion in Africa. It aims to build bridges between Africa and Europe. It provides selected startups with access to a tailor-made program with intensive mentoring, coaching, peer-to-peer learning and dedicated workshops. The 11 startups are: CinetPay (Côte d’Ivoire):…

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BASF unveils new car battery production plant in German to serve rising demand from European vehicle manufacturers

Frank

GERMANY – BASF, a global leader in Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions has unveiled a new battery materials production site in Schwarzheide, Germany. The German chemical company which is the second largest chemical producer in the world said that the new plant was part of its multi-step investment plan to support the European electric vehicle (EV) value chain. “This state-of-the art plant will produce cathode active materials (CAM) with an initial capacity enabling the supply of around 400,000 full electric vehicles per year…

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China tops Nigeria’s 6 month import list, accounts for 31% of value of Q3 imports

Frank

NIGERIA – Nigeria’s imports from China in the second and third quarter of 2019, (April to September) stood at US$6.08 billion (N2.2tn); data obtained from the National Bureau of Statistics has shown. The country imported Chinese goods worth US$2.82 billion (N1.02tn) in the second quarter, representing 25.47 per cent of total imports and in the third quarter, imported Chinese goods valued at US$3.37 billion (N1.22tn) representing 31.34 per cent of total imports. Imports from the United States of America were valued at US$1.17 billion (N422.1bn), representing 10.53 per cent of…

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Vodafone to close over 1000 European stores amid growing preference for online shopping

Frank

EUROPE – British based multinational telecommunications conglomerate Vodafone, has announced that it will shut 15% of its 7,700 stores in Europe and upgrade some of the remaining outlets as customers buy more online and change their expectations of in-store shopping. The company’s chief executive Nick Read while revealing the company’s plans also said that the group will overhaul its European store estate. According to read, during the overhaul, data will be used to give insight into what customers want in each location and about 40% of the stores will be…

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Google announces new subsea cable connecting Africa and Europe

Frank

AFRICA – American multinational technology company, Google has announced Equiano, a new private subsea cable that will connect Africa with Europe in a bid to boost its cloud computing infrastructure between the continents. Once complete, Equiano will start in western Europe and run along the West Coast of Africa, between Portugal and South Africa, with branching units along the way that can be used to extend connectivity to additional African countries. The first branch is expected to land in Nigeria. This new cable is fully funded by Google, its third…

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