AUDA-NEPAD and Ecobank Group partnership to launch financing component under the 100,000 MSMEs Initiative

AFRICA – The African Union Development Agency NEPAD (AUDA-NEPAD)) and the Ecobank Group, its strategic partner on the development of the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative, are set to launch the financing component as from 27 May 2021.AUDA-NEPAD launched the 100,000 MSMEs Programme to accelerate African economic transformation, provide the needed skills, and build resilience against the economic shock triggered by the global Covid-19 pandemic. The ‘100 000 MSMEs’ initiative seeks to build the capacity of 1,000,000 enterprises in Africa through entrepreneurial and business training to improve access…

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Ivanhoe Mines Energy and La Société Nationale d’Electricité sign MoU to strengthen hydropower in DRC

DRC – Ivanhoe Mines Energy has signed a Memorandum of Understanding in a public-private partnership with the DRC’s state-owned power company La Société Nationale d’Electricité (SNEL) to deliver reliable, clean, and renewable hydropower to the Kamoa Mine. Ivanhoe Mine’s Co-Chairs Robert Friedland and Yufeng ‘Miles’ Sun explained that Ivanhoe Mines Energy DRC’s (which is a sister company of Kamoa Copper SA) public-private partnership with SNEL is aimed at working together to strengthen the grid’s capacity. This objective is to be met with renewable energy through the upgrade of a major…

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FAO and Arab Bank for Economic Development in Africa sign MoU to advance African agriculture

AFRICA – The United Nations Food and Agricultural Organization (FAO) and the Arab Bank for Economic Development in Africa (BADEA) have signed a memorandum of understanding for future collaboration to promote agricultural infrastructure development and skills training for women and youth. The agreement would also advance climate-smart agriculture in Africa. FAO Director-General Dr. Qu Dongyu and BADEA Director-General Sidi Ould Tah signed the agreement on 29 April in a virtual ceremony during a high-level dialogue organized by the African Development Bank and the International Fund for Agricultural Development, in partnership…

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Zambia and Angola oil pipeline deal nears conclusion

ZAMBIA – The governments of Zambia and Angola are expected to sign a Memorandum of Understanding (MoU) that will facilitate the commencement of a feasibility study on the establishment of the Angola-Zambia Oil Pipeline. Speaking in an interview with the Zambian Business Times, Energy Minister Mathew Nkhuwa said the signing of the MoU will take place in May 2021. “Well, we are currently to finalizing the MoU so that we can sign with our Angolan counterpart, suffice to say that the MoU signing might be done virtually, or we will…

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Kenya Airways and advanced air mobility company Skyports partner to launch drone delivery service

KENYA – Kenya Airways PLC, has signed a Memorandum of Understanding (MoU) with Advanced Air Mobility (AAM) company, Skyports to collaborate on launching permanent unmanned aerial vehicle (UAV) operations in Kenya.  The collaboration brings together Kenya Airways’ significant expertise in aviation services and Skyports’ drone delivery logistics service – Delivery by Skyports. The partnership aims to explore the commercial viability and impact of various medical, logistical and inspection use cases alongside Kenya’s leading public and private institutions in the next few months. The target for the launch of the first…

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Zimbabwe signs deal with Russia’s Rosatom to tap nuclear energy

ZIMBABWE – The government of Zimbabwe and Russia’s State Atomic Energy Corporation (Rosatom) have signed a memorandum of understanding (MoU) to explore nuclear generation as the Southern African nation seeks to cut its reliance on hydroelectric power. “The anticipated cooperation in the use of nuclear energy for peaceful purposes will provide alternative sources of energy which Zimbabwe needs,” Information Minister Monica Mutsvangwa said in an emailed statement to the press. The country’s co-operation with Rosatom, Russia’s state-owned nuclear company, will also explore the feasibility of constructing a nuclear science and…

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Tech company Thales signs MoU to develop AI application in Egypt

EGYPT – Thales, a global company in high technology solutions, has signed a Memorandum of Understanding (MoU) with the Ministry of Communications and Information Technology (MCIT) in Egypt to further develop Artificial Intelligence applications in the country. The MCIT aims to fortify the AI industry in Egypt and develop local skills, technology, infrastructure and governance mechanisms to ensure its sustainability and competitiveness through its National AI Strategy. Leveraging Thales’ vision to develop sovereign capabilities through local innovation, education and industry, common projects will be identified to strengthen Egypt’s role as…

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AFRAA, Ethiopian Airlines sign MoU to strengthen collaboration on aviation training

ETHIOPIA – The African Airlines Association (AFRAA) and Ethiopian Airlines have signed a memorandum of understanding (MoU) on training that will facilitate a framework of collaboration between AFRAA and Ethiopian Airlines Aviation Academy. The MoU was signed between AFRAA secretary general Abdérahmane Berthé and Mesay Shiferaw, managing director, Ethiopian Aviation Academy. The MoU was signed during a consultative meeting between AFRAA secretary general Abdérahmane Berthé and Ethiopian Airlines group CEO Tewode Gembremariam held at Ethiopian Airlines headquarters in Addis Ababa. The collaboration will support the development of sustainable and safe air transport system in Africa and thereby…

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Bank of Africa signs MoU for building trading and logistics park in Morocco

MOROCCO – Bank of Africa has signed a Memorandum of Understanding (MoU) with Zhejiang China Commodity City Group (CCC Group) to boost their trading partnership. The purpose of the agreement is to enable the two institutions to work together to build a trading and logistics park in Morocco. The agreement is also part of the determination of Morocco and China to advance their relations at all levels, including economic partnerships. “Through this agreement, Bank of Africa strengthens its power in the financial market in China and becomes the main financial…

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