TradeMark East Africa and TDB ink deal to support trade in Eastern and Southern Africa

EAST AFRICA – TradeMark East Africa (TMEA) and the Eastern and Southern African Trade & Development Bank (TDB) have signed a Memorandum of Understanding (MoU) that establishes a framework for collaboration ultimately seeking to boost trade in the region served by both institutions. By leveraging the two institutions’ expertise in project development and finance, TMEA and TDB will endeavor to jointly pursue targeted investments in trade logistics and production systems, including roads, ports and industrial parks projects, and to facilitate structured trade finance transactions of commodities. Moreover, institutions will work…

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Matrix Petroleum founder and CEO talks up AfCFTA prospects

SOUTHERN AFRICA – Diversified United Kingdom-based Metrix Petroleum says the Africa Continental Free Trade Agreement (AfCFTA) presents great opportunities for Africa’s development. Matrix Chief Executive Officer Mr. Malvin Chiwanga said in a statement to the media that their company was already present in South Africa, Zambia and Zimbabwe, and it was now expanding into Namibia and Tanzania through the linkages provided by AfCFTA. “Intra-Africa trade is worrisomely low at the current moment, especially when it comes to oil and gas. The establishment of the African Free Continental Trade Area is a good…

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Visa appoints Maurice Newa as new managing director for Southern Africa cluster

SOUTH AFRICA – Global payments group Visa, has appointed Maurice Newa as the new managing director of the Southern Africa cluster, a statement from the group has said. Newa would be responsible for the development and implementation of Visa’s growth strategy in the region and report to Aida Diarra, senior vice-president, and head of sub-Saharan Africa, and would be part of the sub-Saharan Africa leadership team. Prior to joining Visa, Newa worked at Vaya Technologies, an Econet Group subsidiary, where he was chief executive. He brought to Visa over 25…

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HiiL opens applications for Justice Accelerator for Southern Africa startups

SOUTHERN AFRICA – The Hague Institute for Innovation of Law (HiiL) is calling on all game-changing justice startups that want to grow their social impact and business to participate in this year’s HiiL Innovating Justice Challenge. Successful applicants will earn a place in the prestigious international HiiL Justice Accelerator programme, along with US$11,771 in funding and a package of tailored local support. The programme is searching for promising startups and social enterprises who are solving a pressing justice problem in a way that is high impact and sustainable.  Themba Mahleka, co-head of the…

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Dimension Data appoints Nompumelelo Mokou as managing director of its Southern Africa business

SOUTH AFRICA – Information technology services company Dimension Data has appointed Nompumelelo Mokou as managing director of its Southern Africa business, effective 1 April. This is another leadership change that comes hot on the heels of the company uniting its four brands of Dimension Data, Internet Solutions, Britehouse and ContinuitySA into a single entity or ‘One Dimension Data’. Mokou started her career at Dimension Data in 2016 and has most recently headed up its Intelligent Customer Experience business for the Middle East and Africa region. Before joining the company, she…

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Emirates to resume flights to Johannesburg, Cape Town, Durban, Harare and Mauritius

AFRICA – United Arab Emirates carrier Emirates has announced resumption of flights to Johannesburg, Cape Town starting October 1, Durban on October 4, Harare in Zimbabwe 1st October while flights to Mauritius on 3rd October. The addition of the five points will expand the Emirates’ global network to 92 destinations as the airline gradually resumes its operations while prioritising the safety of its customers, crew and the communities it serves around the world. Emirates’ African network will also now extend to 19 cities. Customers flying in and out of Emirates’…

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General Electric appoints Nyimpini Mabunda as Chief Executive Officer for Southern Africa

SOUTHERN AFRICA – General Electric (GE), a global digital industrial company, has announced the appointment of Nyimpini Mabunda as the Chief Executive Officer for Southern Africa. His mandate is to lead growth in the region and drive alignment across its Power, Healthcare, Aviation and Renewable Energy businesses. He will also drive GE’s BBBEE roadmap and processes in South Africa. Over his 23-year career, Nyimpini is an accomplished business leader with a track record of consistent performance and business transformation across FMCG, Telecoms and Financial Services having occupied senior roles in…

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IFC, IFHA launch US$115m holding company for healthcare investment in East and Southern Africa

AFRICA – The International Finance Corporation (IFC) and Investment Funds for Health in Africa (IFHA)-II, a private equity fund focused on health care in Sub-Saharan Africa, launched a US$115 million holding company to acquire and integrate targeted health care service businesses in East and Southern Africa. The project will boost access to quality health care services to help improve lives and achieve universal health coverage across the region. IFC is investing US$22 million in the Hospital Holdings Investment (HHI) holding company, an investment platform set up by IFHA-II. HHI is…

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Enygma Ventures launches US$6.8m fund to support South African female startups

SOUTH AFRICA – Enygma Ventures, an investment company that operates in Africa, Europe, and the United States has launched a US$6.8 million fund to support female-owned startups in South Africa. The launch was in a bid to close the funding gap for female entrepreneurs in the country. The US-based Enygma Ventures has been founded by award winning entrepreneurs Sarah and Jacob Dusek and is aimed at empowering, mentoring, and capitalising outstanding female entrepreneurs in Southern Africa. The CEO of Enygma Ventures, Sarah Dusek described the fund to combat the difficulties…

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MSD appoints Dr Priya Agrawal Managing Director for South Africa and Sub-Saharan Africa Cluster

SOUTH AFRICA – MSD, a leading global biopharmaceutical company has appointed Dr Priya Agrawal as Managing Director for the South Africa and Sub-Saharan Africa Cluster. The company in a press statement said that Dr Agrawal brings a wealth of public health experience with a strong track record for advancing successful public health initiatives within both the private and public sectors The statement also revealed that Dr Agrawal trained as an Obstetrician and Gynaecologist in the United Kingdom. After receiving her degrees in Medicine from the University of Cambridge and University…

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