Afreximbank and Portugal’s ANJE join hands to promote textile and manufacturing sector in Africa

AFRICA – The African Export-Import Bank (Afreximbank) has announced a three-year partnership with Portugal’s National Association of Young Entrepreneurs (ANJE – Associação Nacional de Jovens Empresários) to support Africa’s fashion apparel and textile manufacturing sector. The partnership is in line with Afreximbank’s Creative Africa Nexus (CANEX) program launched in 2020 to organize a series of events in the run-up to the Intra-African Trade Fair 2021, which will take place in Kigali, Rwanda. “We believe that the vast creative talent pool on the continent is an opportunity to accelerate Africa’s economic…

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Ethiopian Airlines, Liege Airport extend long-standing partnership

ETHIOPIA – Ethiopian Airlines Cargo and Logistics Services and Liege Airport have announced the renewal of their long-standing partnership agreement until 2026. Liege Airport, Belgium’s largest cargo airport and the 6th largest cargo airport in Europe, will continue to be Ethiopian Airlines cargo hub serving as a freighter gateway between Africa and Europe for the next five years. Ethiopian Airlines Cargo and Logistics Services, Africa’s largest cargo network operator, has been working with Liege airport for its freighter operations between Africa and Europe. Ethiopian Airlines Cargo and Logistics Services Acting…

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Zambia signs MoU with REEEP to improve rural electrification efforts

ZAMBIA – The Rural Electrification Authority of Zambia and the Renewable Energy & Energy Efficiency Partnership have signed a Memorandum of Understanding to monitor and support the country’s electrification efforts through data collection and analysis. The MoU outlines a joint effort to leverage the Edison data platform that was originally developed to monitor and support Zambia’s broader electrification efforts with advanced data collection and analysis on behalf of the Rural Electrification Authority (REA). The move underscores both organizations’ commitment to promoting and engendering access to modern, clean energy for rural…

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ICAC join hands with ITC to boost smallholder cotton yields in Zambia

ZAMBIA – The International Cotton Advisory Committee (ICAC) signed an MOU with the International Trade Centre (ITC) to double the yields of more than 50,000 smallholder cotton farmers for the next three years in Zambia.   The effort, which is part of a larger agreement between the ITC and the European Union for support in Zambia, will see ICAC involve two of its most advanced technologies – the interactive, voice-based Soil & Plant Health app, and the Virtual Reality Cotton Training Program. “ICAC’s pragmatic approach to increasing yields complements our…

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Liquid Technologies, Facebook team up to construct fiber corridor in DRC

DRC – Africa’s largest fibre company Liquid Intelligent Technologies and Facebook have announced a partnership to build an extensive 2,000 kilometres long haul and metro fibre network in the Democratic Republic of Congo (DRC). The two companies say there is a growing demand for regional connectivity across Central Africa and the partnership is expected to improve internet access for over 30 million people. According to the arrangement, Facebook will invest in the fibre build and support network planning and Liquid Technologies will own, build and operate the fibre network, and…

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Renewables developer Statkraft partners SolarAid to address energy poverty in Africa through solar power

AFRICA – European renewable energy developer Statkraft is partnering with the international development charity SolarAid to address energy poverty through solar power in sub-Saharan Africa over the next three years. In the agreement, Statkraft will give US$2.7 million in cash and equipment in that time to support SolarAid’s work and the donations will go towards providing clean, safe and simple solar lighting in an effort to ensure that by 2030 all homes, schools, and clinics have energy access in the region. According to Statkraft, 548 million people in Sub-Saharan Africa…

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SoftBank and Smart Africa ink MoU for affordable broadband solutions in the continent

RWANDA – Japanese multinational conglomerate SoftBank and Smart Africa Secretariat (Smart Africa) have entered into a Memorandum of Understanding (MoU) to develop solutions that enable affordable broadband across Africa. Specifically, SoftBank and Smart Africa will work to provide accessible and affordable internet connectivity to Africa’s underserved regions, and effectively “bridge the digital divide”. The news forms part of Smart Africa overall goal to double broadband penetration in Africa to 51% by the year 2025 and as such, the alliance is working to implement the Bulk Capacity Purchase Project, an initiative…

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Fintech Ukheshe Technologies announces boostXB joint venture with ForexPeople

SOUTH AFRICA – Fintech Ukheshe Technologies has partnered with ForexPeople, one of the country’s names in forex with over 20 years of experience, to seamlessly facilitate cross-border payments from South Africa into Africa. The service will extend from South Africa to more than 40 countries across Africa, including Africa’s largest economies and the joint venture comes at a time when the demand for online money transfers is at its highest due to the Covid-19 pandemic and consumers become more comfortable with digital-first payment solutions. Over US$48 billion are remitted throughout…

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Equity Bank in new pact with UN to accelerate Sustainable Development Goals

KENYA – Equity Group and Equity Group Foundation together with the United Nations office in Kenya, and its SDG Partnership Platform have signed a strategic partnership to accelerate the achievement of the Sustainable Development Goals (SDGs) in Kenya by 2030. The strengthened partnership will promote and catalyse investments in the SDGs beyond short term cycles, enabling the UN system in Kenya to reach more people on the ground through Equity’s strong brand in the community, its infrastructure network, development expertise and local knowledge. Additionally, the partnership will promote social and…

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IKEA Foundation and Rockefeller set up a historic US$1b initiative to catalyze investments in distributed renewable energy

WORLD – The IKEA Foundation and The Rockefeller Foundation have announced they will join forces to set up a US$1 billion global platform to fight climate change and energy poverty. The platform, which is set to be launched this year 2021 aims to reduce 1 billion tons of greenhouse gas emissions and to empower 1 billion people with distributed renewable energy (DRE), a renewable energy generated from sources such as mini-grid and off-grid solutions, located near the point of use, rather than centralized sources like power plants. The new global…

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