Astral Aviation and SpiceXpress sign interline deal to boost Africa, India freight traffic

KENYA – Nairobi based cargo airline Astral Aviation and India’s SpiceXpress, the air cargo arm of Spicejet, have signed a interline agreement connecting the networks of the two companies. The new partnership will give a major boost to cargo traffic between the Indian sub-continent and Africa, giving the option of more affordable channels of moving shipments which will include general cargo, courier, and pharmaceuticals through the two airlines’ networks. “We are the only airline in Africa with a highest number of interline partnerships because we believe in the spirit of…

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Tunisia to join International Solar Alliance for enhanced solar energy partnership with India

Tunisia to join International Solar Alliance

TUNISIA – Tunisia is set to join the International Solar Alliance (ISA) in order to enhance its partnership with India in the Solar energy field. A report by Africa Energy Portal indicated that the intent by Tunisia to join International Solar Alliance will mark the starting point for the strengthening of the Tunisian-Indian partnership in the solar energy field. The intention to join ISA comes even as the The North African country works towards its goal of reducing by 30% its consumption of fossil fuels by 2030. The move by…

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Tanzania to benefit from India’s US$8bn foreign direct investments

TANZANIA – Tanzania is set to benefit from India’s foreign direct investments (FDIs) amounting to US$8 billion, thanks to its direct flights to India. The billion-dollar investment involves key priority areas, including agriculture, manufacturing, transportation of merchandise and skills transfer as identified by the Tanzania Investment Centre (TIC). Agricultural products such as sisal, cotton, cashew nuts, avocados and minerals are central to India’s investments. A representative from TIC, Mr Nestory Kissima noted that the two countries had been enjoying historical bilateral relations as learnt from last week’s business travel to…

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Indian firm to establish sugar factory in Tanzania to boost production

TANZANIA – Indian sugar miller, Purandare Industries (T) Ltd, plans to establish a mega sugar processing factory in Tanzania’s capital, Dodoma. According to the company’s Managing Director, Satish Purandare, construction of the 20,000 acres factory is expected to kick off in June this year. Operations at the factory which will have the capacity to produce 5,000 tonnes per year is project to start in June 2021. “I am happy that the government under president John Magufuli has been giving me a lot of collaboration, and at this stage we are…

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India invites bids for its entire stake in Air India in renewed push to offload air carrier

INDIA – India has announced plans to sell its entire interest in Air India Ltd, in a renewed push to sell the flag carrier. A document released from the government slated March 17 as the deadline for submission of initial expressions of interest. The document also noted that any bidder must assume liabilities, including debt of 232.87 billion rupees ($3.28 billion). An Indian entity assuming substantial ownership and effective control of the airline was another pre-condition that bidders were required to meet for their bids to be considered. The potential…

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Nigeria’s leading domestic carrier, Air Peace gets nod from government to fly to Israel and India

NIGERIA– Air Peace, one of Nigeria’s leading domestic carrier has been designated by the Federal Government to operate flight services to Tel Aviv, Israel. The Chairman of Air Peace, Mr Allen Onyema, told journalists that the designation would help Nigeria to benefit from a Bilateral Air Service Agreement that has been in existence for several decades. Onyema said the airline had also been given the right to fly to Mumbai, India, adding that the service would commence by March. “We will start the Mumbai route by March 2020; and later…

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Morocco shades 5 spots to rank 12th in Global Retail Development Index

MOROCCO – Morocco ranked 12th out of 30 at the 2019 Global Retail Development Index conducted by US global management consulting company Kearney. Morocco earned its position with a score of 50.2, according to the index chart. The index notes that Morocco has invested around US$47 billion in national retail sales, placing the kingdom 3rd in Africa. Despite the positive ranking, the index also shows that Morocco has dropped by 5 spots from the 2017 Index. China, the world’s second largest market after the United States tops the list with…

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Kenindia Assurance appoints Bhawani Sharma as new Managing Director

KENYA – Kenindia Assurance Company Limited has appointed Mr Bhawani Shanker Sharma as its managing director. He succeeds Mr Inderjeet Singh who joined New India Assurance Company Limited as the new general manager. He brings with him a wealth of leadership experience spanning over 32 years on general insurance operations in underwriting, claims and administration, and all insurance marketing channels. He will be tasked with building upon Kenindia’s already strong position in the country, by enhancing the focus on delivering innovative products and services to the company’s growing customer base.…

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Exxon Mobil partners with ONGC to develop India’s offshore oil reserves

INDIA – Global energy giant Exxon Mobil Corp has entered into an agreement with India’s biggest state-owned explorer Oil and Natural Gas Corp Ltd which will see the energy giant offer its expertise and technology to help India develop its resources in offshore blocks, according to a Reuters report. The memorandum of understanding (MoU), developed in October this year, will be later signed as a definitive deal after Exxon studies the blocks of the company, one of the sources told Reuters. “It is a non-binding agreement. It is a technical…

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Microsoft expands women-focused cloud accelerator to Kenya, SA

AFRICA – American technology giant, Microsoft Corporation, has extended the reach of its women-focused cloud accelerator programme to Kenya and South Africa, designed to help women-led companies start and build their businesses through its cloud distribution channels. The programme, which currently covers the US market, will also expanded to more countries including Canada, France, Germany, India, the UAE and the UK – besides Kenya and South Africa – in partnership with IdeaGen and Women in Cloud Run by the company’s Women in Cloud initiative, the Microsoft Cloud Accelerator is an…

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