Equatorial Guinea and Russia Officially Break Ground on their Geological Mapping Project in Río Muni
October 6, 2020 | 0 Comments
|The Rio Muni area is believed to be one of the most promising exploration frontiers in Equatorial Guinea.|
Last week marked an important step in the energy cooperation between Equatorial Guinea and Russia, as the first team of Russia’s state-owned joint stock company Rosgeo arrived in Equatorial Guinea to kick off a historic geological mapping project.
The initiative has been in the making for some time, and follows the signing of Memorandum of Understanding during the Russia-Africa Summit in Sochi in 2019 between Rosgeo and the Ministry of Mines and Hydrocarbons (MMH). It was followed by the signing of two firm services contracts in May 2020 with JSC Zarubezhgeologia and JSC Yuzhmorgeologia, internationally operating subsidiaries of Rosgeo, for the initial phase of seismic acquisition in transit zone and state geological mapping in the Rio Muni area in mainland Equatorial Guinea.
As a result, JSC Zarubezhgeologia will be performing scouting works for state geological mapping, and JSC Yuzhmorgeologia will be performing scouting works for complex seismic acquisition in the transit zone of Rio Muni. The activities are notably aimed at analyzing landscape conditions for geological surveying and prospecting, determining the scope of mapping drilling, researching the possibility of mineralogical sampling of channel deposits, analyzing technical conditions for the arrangement of geological camp in Rio Muni, and other scouting necessary to prepare for next phases of exploration works.
Equally important, the program marks the re-entry of Rosgeo into Equatorial Guinea following successful operations of its subsidiary JSC Zarubezhgeologia back in the 1970s. when its activities formed the basis for Equatorial Guinea’s geological exploration industry.
“This is a historic momen for Equatorial Guinea as we welcome once again long-standing partners of our country to explore onshore Río Muni. We expect this region of Equatorial Guinea to become a new natural resources hub both for onshore oil & gas operations but also for mining and minerals. Upcoming exploration activities will provide the foundation for this next phase of growth in our industry, and having Rosgeo on the ground gives us confidence and faith for a successful exploration campaign,” declared H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons.
The Rio Muni area is believed to be one of the most promising exploration frontiers in Equatorial Guinea, which could turn the country once again into a hotspot for natural resources exploration. Increased exploration is expected not only to help in sustaining and increasing domestic output of oil and gas, but also in proving additional reserves in key minerals to help Equatorial Guinea further diversify its economy.
*Africa Energy Chamber
A Heavy Toll On Aviation Jobs in Africa from COVID-19
October 2, 2020 | 0 Comments
By Nevson Mpofu
IATA, International Air Transport Association has revealed new information related to the Aviation Industry. Muhammadi Albakri IATA’s Regional Vice President for Africa and Middle East says the upsurge of covid-19 continues to deepen damage to the Aviation Industry.
He said there are 4,5 million African jobs on risk in 2020 due to covid-19 in the Aviation and related Industries of Aviation support. This is half of 7,7 million jobs in Aviation. This tells then that 3,2 million jobs may be left in the Region if challenges continue. This he adds, is 40% of Africa’s 440,000 Aviation jobs. Gross Domestic Product supported by Aviation will fall by $ 37 billion., This is 58% below pre-covid-19 levels, he concludes on the first part of his speech sent to this On-Line.
‘’Covid-19 had almost crippled the Aviation Industry World-wide. More to our disadvantage, it continues to deepen. The breakdown has severe consequences in the Aviation Industry. This, to Air Transport connectivity has adverse social and economic consequences for millions’’
‘’No Income means lack of social safety net for many people in and outside the Aviation Industry. If no action is taken, then, it means we are to fall. Governments must carry the role to connect nets. Firstly. It is important to keep boarders closed. Secondly to impose quarantine measures. There are certain measures that deter the Air travel. If taken that way, it deters travelling. This increases economic hardships and creates more poverty ‘’ says Mohammadi Albakri .
He further states that to minimize the impact is vital. It is achieved through covid-19 testing and alternative to restrictive quarantine measures. He says that 31 countries in Africa opened boarders to registered International Air Transport. In 22 of the countries, passengers are still subject to a mandatory 14 -day quarantine.
‘’It is vital to minimize the impact through covid-19 testing and alternative to restrictive quarantine measures. In Africa 31 countries opened boarders to Regional and International Air Transport. In 122, passengers are still subject to a mandatory 14 -day quarantine. It is imperative to test passengers before their departures ‘’.
‘’ . Measures are crippling the Industry’s recovery and ability to economic development. Some measures have caused challenges in the Industry. It now means we have to work much harder than before to restore capacity and confidence in the once booming Industry ‘’, he concluded in the second part of the Press Release.
IATA. This is a Trade association of World Airlines. It was formed in 1945. It encourages Air-Line companies to stick to International technical Standards. It organizes tariff conferences that serve as a forum for price mixing ..
World Coffee Day: Nestlé Helps Boost Coffee Production in Africa
October 1, 2020 | 0 Comments
Africa accounts for about 12% of the world’s coffee production and the high-quality and taste of coffee from the continent are loved by coffee connoisseurs worldwide.
Coffee farmer, Francois Dadi Serikpa , from Gnamagnoa in Côte d’Ivoire, joined Nestlé’s Nescafé Plan ten (10) years ago. The coffee farms that had been in his family for generations were producing poor yields, making it hard for him to earn a good living to care for his family. Under the Plan, he worked hard with Nestlé agronomists who taught him better farming practices and how to grow coffee sustainably. Four (4) years later, Dadi was very proud to have increased his production five-fold, growing more than two tons per hectare. Dadi embodies the success stories of thousands of farmers across 11 countries, who are part of the Nescafé Plan worldwide.
Dadi is one of the millions of farmers all around the world facing the threat of climate change disrupting coffee production . To grow properly, coffee crops require specific temperature, light and humidity levels. However, rising temperatures will reduce the area suitable for growing coffee by up to 50% by 2050 Water shortages have also left some coffee farms abandoned or converted for other uses. In Côte d’Ivoire, coffee production usually peaks at about 100 000 metric tons a year, but recently took a severe hit when the seasonable rain pattern reduced supply by 15%.
Africa accounts for about 12% of the world’s coffee production and the high-quality and taste of coffee from the continent are loved by coffee connoisseurs worldwide. Côte d’Ivoire alone is the largest coffee producer in West Africa and the third largest in Sub-Saharan Africa. However, scientists warn that without conservation, monitoring and seed preservation measures , millions of coffee farmers on the continent could lose their livelihoods, impacting the quality of their lives and their families.
Rejuvenating, rehabilitating and replanting
To help revitalize coffee production on the continent, much work is currently underway to boost production, which will improve the incomes of coffee farmers and encourage young people to pursue a career in coffee farming, eventually improving economic development across the region.
For Nestlé in Central and West Africa, sustainable coffee farming is attainable, and the company is joining forces to do this by rejuvenating, rehabilitating and replanting sustainable coffee now, and in the future.
Agricultural techniques, such as adapting the coffee tree crop formation including the structure, number of branches and canopy shapes, have been introduced to enhance growth. Group training, individual farmer coaching and farming tools have also been provided to Ivorian coffee farmers to encourage the advantages of the correct pruning and maintenance of plantlets and trees.
As a result, about 6 750 hectares of coffee trees have been planted and more than 2 000 hectares of coffee farms have been rejuvenated across Côte d’Ivoire, producing over 2 000 metric tons of additional coffee supply and increasing farmer income by 25%.
In the Democratic Republic of Congo, Nespresso also recently announced a long-term commitment to revive the country’s coffee industry, support Congolese farmers and restore production in regions that are under threat.
The future of coffee
Encouraging such behavioral changes in agricultural supply and enhancing economic development cannot be done alone.
Last year, the Inter African Coffee Organisation (IACO) teamed up with the Centre for Agriculture and Biosciences International (CABI) and the International Coffee Organization (ICO) to launch a multimillion fund to support Africa’s coffee industry
In 2018, the Ministry of Agriculture in Côte d’Ivoire introduced a pruning campaign to provide support to coffee farmers and set a target to achieve 350 000 metric tons of coffee production. Although this goal was not met and coffee supply volumes continued to decrease, this kind of action to kick-start production is welcomed, as without collective action, the future of high-quality coffee looks bleak.
“The coffee industry including exporters and producers, together with governments in Africa, and worldwide, must all work swiftly as one to tackle climate change. It is highly important to Nestlé, which is why our CEO, Mark Schneider has signed on to the UNs ‘Business Ambition for 1.5°C’ pledge to achieve zero net greenhouse gas emissions by 2050 . We commit to such sustainability goals to advance the health of our planet, drive societal progress and support a sustainable, healthy food system”, said Fatih Ermis, Head of Agricultural Services for Nestlé in Central and West Africa.
Scott Coles, the Business Executive Officer for Coffee at Nestlé Central and West Africa, continued saying, “Working together, we will be able to empower and provide long-term support to local farmers and their communities to rebuild their coffee industries and local economies, while meeting growing demand for coffee in Sub Saharan Africa. All of these steps will go a long way to help fulfill our purpose of unlocking the power of food to enhance quality of life for everyone, today and for generations to come.”
About Nestlé Central and West Africa:
In Central and West Africa, Nestlé operates in 25 countries and directly employs more than 5 400 people. The region has nine factories and three co-packers. As a company in society, Nestlé helps address the specific nutritional needs of the population by offering tastier and healthier foods and beverages; and by promoting balanced diets and healthy lifestyles. Nestlé’s portfolio in Central and West Africa spans food and beverage categories including dairy, culinary, coffee, beverages, infant nutrition and bottled water. MAGGI®, MILO®, CERELAC ®, GOLDEN MORN®, NESCAFÉ®, NIDO® and PURE LIFE® are just some of our most popular brands in the region. The company’s purpose is “unlocking the power of food to enhance quality of life for everyone, today and for generations to come.”
Kenya Bankers Association (KBA), Huawei Ink Partnership Agreement to Promote Tech-Driven Financial Inclusion, Fintech Capacity Building
September 28, 2020 | 0 Comments
|Under the partnership, KBA and Huawei will also aim to promote financial inclusion activities in line with the KBA Strategic Plan for the period 2020 to 2023.|
Partnership seeks to promote tech-led financial inclusion as well as Fintech ICT Capacity; The two organizations have convened a summit on ICT and financial inclusion.
The Kenya Bankers Association (KBA) has signed a collaboration agreement with tech-firm Huawei-Kenya that seeks to deepen financial inclusion in the banking sector through further deployment of technology and building fintech capacity.
In the partnership, KBA will work closely with Huawei-Kenya to spearhead industrywide capacity building initiatives aimed at promoting knowledge on financial technology innovation, digital transformation, and other ICT-related programmes in the banking industry.
Under the partnership, KBA and Huawei will also aim to promote financial inclusion activities in line with the KBA Strategic Plan for the period 2020 to 2023. Launched last year, the Plan seeks to promote access to affordable financial services through tech-aided operational efficiency.
Speaking during the signing of the agreement, KBA Chief Executive Officer Dr. Habil Olaka said the cooperation would go a long way in promoting the delivery of efficient banking services in Kenya through knowledge-sharing programmes that will be organized by the two institutions.
“This partnership will further focus on research and knowledge-sharing activities, which will supplement the research initiatives that continue to be spearheaded by the Association’s Centre for Research Financial on Markets and Policy®. In this regard, the collaboration will certainly augment KBA’s and member banks’ knowledge base in engagements with diverse stakeholders from a fact-based perspective,’’ Dr. Olaka added.
The partnership comes on the heels of the the 2020 edition of the Huawei-KBA Online FSI Summit slated for 30th September this Year. The forum is among the initiatives Huawei and KBA are jointly implementing to promote the delivery of efficient banking services through technology under the cooperation agreement.
Huawei-Kenya Chief Executive Officer Mr. Will Meng welcomed the partnership, saying technology will remain a core driver towards enhancing convenient access to financial services in light of disruptive occurrences such as the ongoing Coronavirus Disease pandemic.
‘’The theme of the upcoming summit is ‘’Building Banking Core Competence through Digital Transformation to Accelerate Inclusive Finance’’. It is one of the initiatives we are rolling out in Kenya in partnership with the Association to ensure we optimally leverage on technology to achieve affordable and accessible financial services in the regional economy,’’ said Mr. Lee.
The summit comes at a time when the global economy is coping with the impact of the Coronavirus Disease. Dr. Olaka noted that the banking industry has continued to tap into the potential of technology to uphold business continuity and supporting customers, a culmination of efficient deployment of technology by the banking sector during this period.
“Beyond the COVID-19 disruption, we see technology as an invaluable enabler of financial inclusion. I have no doubt that the summit along with the KBA-Huawei collaboration will play a significant role in our collective efforts to entrench technology in our operations and sustain our contribution to the national development agenda,’’ Dr. Olaka said.
About the Kenya Bankers Association:
KBA was founded on 16th July 1962. Today, KBA is the financial sector’s leading advocacy group and banking industry umbrella body that represents total assets in excess of USD 40 billion. KBA has evolved and broadened its function to include advocacy on behalf of the banking industry, and championing financial sector development through strategic projects such as the launch of the industry’s first P2P digital payments platform PesaLink. In line with the Government’s policy on public-private partnerships, KBA and Central Bank of Kenya have implemented key projects such as modernization of the National Payments System through the Automated Clearing House, implementing the Real Time Gross Settlement System (RTGS), and the Kenya Credit Information Sharing Initiative. The KBA members are comprised of commercial banks and deposit taking microfinance banks.
Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We are committed to bringing digital to every person, home and organization for a fully connected, intelligent world. We have more than 194,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world
Germany advances as Major Player in Pan-African Trade and Investment
September 24, 2020 | 0 Comments
The Germany-Africa Business Forum (GABF), Africa Oil & Power and the African Energy Chamber co-hosted the webinar as part of a GABF cooperation-focused series.
“Investment and Trade for Africa’s Economic Development” – a public webinar held on Wednesday – targeted opportunities for cross-border collaboration between Africa and Germany; the African Export-Import Bank announced its plans to sign a Memorandum of Understanding with German car manufacturers to establish an automotive industry in Africa; the Germany-Africa Business Forum (GABF), Africa Oil & Power and the African Energy Chamber co-hosted the webinar, as part of a GABF cooperation-focused series.
The Germany-Africa Business Forum (GABF) hosted its second installment of its German-African cooperation-focused webinar series on Wednesday, aimed at outlining the opportunities for sustainable FDI between Germany and the African continent.
The panel comprised H.E. Günter Nooke, Africa Envoy to German Chancellor Angela Merkel; NJ Ayuk, Executive Chairman of the African Energy Chamber; and Rene Awambeng, Global Head Client Relationship at the African Export-Import Bank (Afreximbank).
Anchored by the theme of investment and trade for African economic development, the opening keynote was delivered by H.E. Nooke, and outlined four key success factors in driving Africa’s economic development: investment and business climate, transport, energy and technological infrastructure, available workforce, and access to markets.
Digitalization and green energy were advanced as two of the critical sectors for facilitating Africa’s economic and social development. Africa contains a young, tech-savvy population, noted H.E. Nooke, translating to smooth technological adoption and enhanced opportunities for both consumers and businesses.
Highlighting efforts to expand global market reach, H.E. Nooke noted the anticipated benefits of the recently adopted African Continental Free Trade Agreement, signed by 53 African countries and already implemented by 30. The agreement is set to boost intra-African trade, with the ultimate objective of creating a common market that empowers African nations.
Meanwhile, cross-border developments in clean energy have already been progressing. This month, a German delegation visited the Democratic Republic of Congo to study opportunities related to the Inga III hydroelectric dam project. Germany is eyeing major opportunities for hydrogen production, a clean fuel alternative, as well as wind, solar and hydropower resources scattered across the continent.
Germany is currently active in a range of investments across the continent. The European leader played a major role in securing a $300 million facility from the United Nations Economic Commission for Africa. The funds are aimed at creating jobs, reviving economies in a post-COVID-19 environment, and encouraging investment reforms to boost FDI.
Furthermore, Afreximbank will imminently announce the signature of a Memorandum of Understanding with German automotive manufacturers, such as Volkswagen, intended to create an African-driven automobile manufacturing strategy.
“We are looking to create a holistic approach to automotive manufacturing,” said Rene Awambeng. “Our goal is to build an entire value chain, with the support of Germany and Europe, in order to be able to design, build and market cars across Africa.”
In a bid to drive investor engagement in a variety of sectors, NJ Ayuk called for a change in the perception of risk associated with investing in Africa.
“We need to create an enabling environment for banks, financial institutions and investors to perceive Africa as a safe and profitable destination,” said Ayuk. “Rwanda paved the way and we have seen outstanding results. We have an obligation to make the change.”
Ayuk also appealed to Europeans nations, such as Germany, to focus on investment rather than aid. Investment enables the creation of synergies and partnerships and places project leaders in a position of accountability. While aid is welcome in periods of crisis, noted Ayuk, it must not be the standard for sustainable, long-term business.
Awambeng underscored that long-term, affordable financing is available for Africa’s investment opportunities, combined with technical capacities and business support.
“Huge amounts of capital are available across the continent in all forms: equity, bank debt, development financial institutions, sovereign funds, among others. All we are missing are the people to make the transition happen.”
*Source Africa Oil & Power Conference
CNN’s Eleni Giokos to moderate discussion on German-African business relations with Chancellor Merkel’s Africa Envoy
September 22, 2020 | 0 Comments
The webinar will be held on 23 September at 15h30 CET.
The discussion will be centred on the topic: Investment and Trade for Africa’s Economic Development; Co-moderated by the Germany Africa Business Forum and spearheaded by H.E Günter Nooke, Africa Envoy to Chancellor Merkel, the discussion also includes NJ Ayuk, Chairman of the African Energy Chamber and René Awambeng of the African Export-Import Bank; The webinar will be held on 23 September at 15h30 CET. To attend, please register here .
With German visibility and participation on the rise in Africa’s energy industry, the Germany Africa Business Forum (GABF) will host its second instalment of its Germany-Africa cooperation focused webinar series.
Germany, through the G20 Compact with Africa initiative, has pledged to increase investment for private sector engagement in Africa in industries such as finance and capital investment, infrastructure, power and energy, agriculture, consumer goods, health care, and information communication technology.
“From Senegal to Kenya and from South Africa to Egypt, African countries have astounding and untapped world-class opportunities for German Public and Private Companies. Our German business and political leaders must work with their African counterparts to urgently capitalize on these prospects, especially in a post Covid environment. This would create jobs and improve lives on both sides.” stated Sebastian Wagner, Executive Chair of the GABF.
The webinar will be moderated by Eleni Giokos, CNN Africa Correspondent, who will facilitate the discussion on how German investments can sustainably strengthen the development of the African continent. Anchored in the topic Investment and Trade for Africa’s Economic Development, the webinar will highlight key efforts to mobilise German funding for African energy projects as a means to advance German-African cooperation. African Gas projects in Mozambique, Tanzania, Nigeria, Equtorial Guinea, Senegal, Nigeria, Ghana, Congo, Gabon, and Cameroon could see a spike in German interest.
“With H.E. Nooke, Mr Awambeng and Mr Ayuk joining this conversation, we hope to foster stronger ties between Germany and Africa that will drive greater economic growth and bring profit to both places”. concluded Wagner
H.E. Günter Nooke, Africa Envoy to German Chancellor Angela Merkel, will spearhead the webinar with a headline keynote speech. Joining the panel discussion will be NJ Ayuk, Chairman of the African Energy Chamber and Rene Awambeng, Global Head Client Relationship at the African Export-Import Bank.
“We are proud of the work done by the Germany Africa Business Forum to create opportunities for Germans and Africans alike, especially at a time when we must move our relationship with Germany from a relationship based on aid to one based on trade.” stated NJ Ayuk, Executive Chairman of the African Energy Chamber “We will continue to support partnerships and initiatives that deepen our ties through commerce and investment between Germany and Africa, especially in a Post Covid era”. concluded Ayuk
The webinar will be held on 23 September at 15h30 CET. To attend, please register: https://bit.ly/3mEjg5J
About the Germany Africa Business Forum:
The Germany Africa Business Forum (GABF) is a private think tank with the mission to strengthen investment relations between Germany and Africa. As a “Private for Privates”, GABF supports German investors in viewing the African continent as a profitable and important investment destination.
African Energy Chamber to Outline Post-COVID-19 African Energy Roadmap in New Book
September 19, 2020 | 0 Comments
|The book will contain data, insight, analysis and interviews, and will assess risks, opportunities and what is ahead for the African energy sector.|
The African Energy Chamber will launch the book “African Energy Road to Recovery: How the African energy industry can reshape itself for a post-COVID comeback” in December; The book will contain data, insight, analysis and interviews, and will assess risks, opportunities and what is ahead for the African energy sector; Leading voices in African energy and global oil markets will create a valuable resource for the continent’s post-COVID-19 rebound.
The African Energy Chamber is pleased to announce the launch of a pivotal publication – “African Energy Road to Recovery: How the African energy industry can reshape itself for a post-COVID comeback”’ – in December 2020. This important work will unpack how Africa’s energy industry can overcome the impact of the COVID-19 pandemic across the entire energy value chain.
Produced by Africa Oil & Power – the African continent’s leading investment platform for the energy sector – the book will highlight crucial aspects of Africa’s post COVID-19 energy industry recovery by harnessing the knowledge and expertise of the African Energy Chamber’s Advisory Board.
Made up of 35 seasoned energy professionals, the Advisory Board will be central to the Chamber’s policy advocacy and advisory efforts across the continent to provide an enabling business environment for investors and entrepreneurs.
The inaugural Advisory Board book will include interviews, moderated discussions, articles, resources, opinion pieces, round table discussions and vital data for moving beyond the pandemic. It will also provide a clear picture of how the African energy industry can not only recover, but make a strong comeback, offering a roadmap to create a strong and sustainable context within which energy companies can thrive.
“The onslaught of COVID-19 has impacted every country and every sector around the globe – the energy sector has not been spared. Moving forward, it is critical that the African Energy sector unites around a shared strategy and on a unified path toward recovery post-COVID-19,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.
The publication will further emphasise how to create a competitive environment that will attract investment, pinpoint how African countries can tackle the energy transition while also addressing issues of energy poverty across the continent. Through its incisive content, readers will better understand the range of recovery strategies which can be applied to Africa’s energy sector value chain, from upstream oil and gas to the renewable energy transition, while key insights from industry leaders will provide a framework for moving forward.
“At the African Energy Chamber, we know the African energy sector can make an incredible rebound and that the opportunities for investment and growth will be exponential, but the energy industry must first be reshaped for a post-COVID-19 comeback — to be ready to spring into action once a recovery is possible,” Ayuk adds.
Be Part of Africa’s Energy Revolution:
To advertise or be featured in the African Energy Chamber’s “African Energy Road to Recovery,” out in December 2020, contact email@example.com.
About the African Energy Chamber:
The African Energy Chamber is the voice of the African energy industry, representing all facets of the African oil and gas sector. The Chamber was created out of a need to ensure a strong, united voice advocating for the African continent on the global energy stage. It is now the leading chamber of successful networks, transactions and partnerships at the helm of Africa’s growing energy industries. The Chamber’s work funnels into four key pillars: advocacy and campaigning; community building and networking; capacity building; and investment outreach. The African Energy Chamber’s passion and core tenets are that of creating jobs, free market policies and limited government, because we know that is the recipe for prosperity.
Bollore Transport & Logistics appoints Cameroonian, Pierre Ngon to head operations in Benin and Niger
September 18, 2020 | 0 Comments
By Amos Fofung
Cameroon-born, Pierre Ngon has been appointed managing director of the Benin/Niger cluster of Bollore Transport & Logistics. With little over 20-year of service with Bolloré Transport & Logistics subsidiaries across Africa, Pierre’s promotion come as surprise to few who describe him as hardworking and a well-grounded expert in logistics.
At 47, Pierre Ngon who holds a Master’s in Management Sciences with major in Finance and Accounting from the University of Douala, possesses in-depth knowledge of the African continent and has developed robust managerial skills over his career.
On his promotion he is quoted to have said he was satisfied and grateful to the management of the company following his appointment declaring his readiness to work hard for the growth and development of the company.
“It is a great pride for me to join the cluster teams. The employees are passionate and the challenges for our company are great. Together, we will continue to develop activities, offer our customers competitive solutions, and participate in the socio-economic growth of these two magnificent countries…,” he noted. Ngon is an expert in transport and logistics. He holds a master’s degree in management science option finance & accounting obtained from the University of Douala.
With over two-decade career in the company, Ngon is no stranger to the work that awaits him. As part of his new responsibilities, Ngon is charged with overseeing the development of logistics activities in Benin and Niger, harnessing his knowledge of the market and addressing the needs of import and export customers while developing an innovative and agile solutions adapted to the needs of local and international customers.
Chancellor Merkel’s Africa Envoy, H.E. Günter Nooke, leads discussion on German investments in Africa
September 15, 2020 | 0 Comments
|The discussion will be centred on the topic: Investment and Trade for Africa’s Economic Development.|
The webinar will be moderated by Sebastian Wagner, Executive Chair of the Germany Africa Business Forum and Gugu Mfuphi, Presenter of Kaya FM’s prime time business show, Kaya Bizz; the discussion will be centred on the topic: Investment and Trade for Africa’s Economic Development; panelists include NJ Ayuk, Chairman of the African Energy Chamber and Rene Awambeng of the African Export-Import Bank; the webinar will be held on 23 September at 3PM CET. To attend, please register here.
With German visibility and participation on the rise in Africa’s energy industry, the Germany-Africa Business Forum (GABF) will host its second instalment of its Germany-Africa cooperation focused webinar series.
The webinar will facilitate the discussion on how FDI can sustainably strengthen the development of the African continent on September 23rd at 15:00 CET. Anchored by the topic Investment and Trade for Africa’s Economic Development, the webinar will highlight key efforts to mobilise German funding for African energy markets as a means to advance the German-African cooperation which can already be seen in Equatorial Guinea, Angola, South Africa, Nigeria, Egypt, Congo DRC, Senegal and recently, through the expression of interest by German investors in the DRC’s Inga III Dam.
The webinar, moderated by Sebastian Wagner, Executive Chair of the GABF and Gugu Mfuphi, Presenter of Kaya FM’s prime time business show, Kaya Bizz, will be opened by H.E. Günter Nooke, personal Africa representative of the German Chancellor Angela Merkel.
“We are honoured to announce that H.E. Günter Nooke will spearhead our webinar. With his vast and unmatched knowledge in both the German and African markets, he will be able to bring many interesting aspects of the discussion,” said Sebastian Wagner.
Joining the panel discussion will be NJ Ayuk, Chairman of the African Energy Chamber and Rene Awambeng, Vice President at the African Export-Import Bank. “With their expertise in the African finance and energy sector, we look forward to a high-ranking and diverse panel. Especially the energy sector is an important cornerstone of any African economy, and we are looking forward to the outcome of the discussion,” said Mr. Wagner.
German interest in Africa as an investment destination has continued to grow and we hope to see a more diversified investment beyond energy and sales of German products to Africa. Africa is and will continue to be an investment market with the potential for significant growth post Covid and superior returns.
While South Africa and Egypt have seen a huge part of German investment, Ghana, Nigeria, Tanzania, Congo DRC and Zambia are considered hotspots for potential investors from Germany. Projects in the financial services, climate change, energy poverty, health care, energy transition, manufacturing, retail and consumer goods have seen a huge increase.
This event is in collaboration with the Africa Energy Chamber and Africa Oil and Power
The webinar will be held on 23 September at 3PM CET. To attend, please register here https://bit.ly/2ZAFbAU
*Source African Energy Chamber
Hewlett Packard East Africa Ltd quits Kenyan market, many rendered jobless
September 14, 2020 | 0 Comments
By Samuel Ouma
Hewlett Packard East Africa Limited has halted its operations in Kenya and the entire East Africa region.
The company said its decision to close its businesses in the region was arrived at during the annual general meeting that took place in early September.
There are claims that a hostile business environment and counterfeit products are the reasons that drove the company out of the East African market with toner cartridges being among the most counterfeit products.
Another reason is stiff competition from Chinese companies manufacturing cheap products.
Reports indicate that George Weru and Muniu Thoiti of P.O. Box 43963 – 00100 Nairobi had been appointed as joint liquidators.
“Creditors of the company are required on or before October 9, 2020, to send full particulars of all the claims they may have against the company to the undersigned, the joint liquidators, personally or by his advocates, to come in and prove their debts or claims … or in default thereof, they may be excluded from the benefit of any distribution made before such debts are proven,” said the notice.
Mr. George Weru of PricewaterhouseCoopers (PwC) Business Recovery Services Partner dismissed claims that the company exited by debt distress and an unfriendly business environment.
“HP East Africa is a dormant subsidiary of HP and is being liquidated as part of internal re-organization,” he told The Standard, local publisher.
*Story has been updated
Kenya:Lipa na M-Pesa grows during covid-19 pandemic
September 14, 2020 | 0 Comments
By Samuel Ouma
The number of customers using Lipa na M-Pesa services has risen from 1 million in January to 6 million today, announced the Safaricom.
Consequently, the number of businesses on Lipa na M-Pesa platform has also crossed the 200,000 mark.
Lipa Na MPESA in Kenya is a service offered by Safaricom Company that allows businesspersons to receive payments for goods and services via Mpesa in Kenya. It enables customers to pay for goods and services without being charged the transaction fee.
“The mobile phone has today become the most preferred alternative to cash and its popularity only continues to grow. More than ever, an increasing number of businesses are discovering the numerous advantages of cashless payments resulting in high growth for Lipa Na M-Pesa,” said the telco’s CEO Peter Ndegwa.
The retail sector leads the number of businesses using the service followed by the hospitality industry, general trade, and distributions.
In June 2020, the mobile service provider launched Lipa na M-Pesa Business smartphone app to allow businesses to access real-time statements, export statements, and track their business performance on the go.
“At Safaricom, we are taking a focus on the needs of small and medium businesses to provide them with suitable technology solutions to help them grow. The M-PESA for Business smartphone App is one such solution. It empowers more than 170,000 businesses across the country to send money and make payments and provides them with simple and detailed reports from the convenience of the mobile phone,” said Peter Ndegwa.
TEL-ONE Partners South African Company Car-Track, Launches Product to Monitor and Track Vehicles and Fleet Management
September 11, 2020 | 0 Comments
By Nevson Mpofu
Tel-One an International Communication Technology Company has launched in Harare at its Training Center an exciting first of its kind Vehicle Tracking and Fleet Management Solution called Tel-Track. This Chipo Mtasa TEL-ONE Managing Director says is a facility meant to focus on value -added Services.
”As Tel-ONE, we have moved from just being providers of voice and data services. We now take an active role in transforming our community through technology solutions in line with our vision of creating a digitally enabled society by 2030.
”A digitally enabled community does not only require access to connectivity, it also goes to digital products that make use of the wide broad-band network ”.
Taking a deep further presentation Tel-One explores that the system helps fleet owners and managers track the location of their vehicles, insight of their vehicles at given time and information about location of the vehicles. It works on drivers whereabout with vehicles, not only that it goes on to track and recover stolen vehicles. Ms. Mutasa adds that car theft is at 37% as of 2019, she notes the importance of the technology is vital and timely.
”The solution is suitable for commercial or individual vehicles for Government, corporates, Small to Medium Enterprises and personal uses. It is an issue of safety, security and comfort to those with their cars on the road. It means there are no foul plays along the way.’’
Accompanying the product is host of invaluable features and support services including a 24/7 in-house control room making use of our state-of-the-Art National Operations Centre recently launched as well. The system uses predictive analysis and intelligence loaded with statistics and reports key in ensuring vehicles are managed and monitored.
Car-Track is the partner and the original equipment manufacturer of the technology that is found in South- Africa. It is however World -Wide. The two companies are two key players adding value to Technology and making up a state-of-the-Art Economy with Global Standards. Tel-ONE Telematics is a new bundle under Tel-One that will work in partnership with Sanctuary Insurance Company. . Telematics Insurance is a type of car insurance that takes advantage of devices to define customized insurance cover and premiums.
‘’We are pleased to have partnership with Car-Track. It then means we are Global as a service provider that has grown so big in the Industry. We are pleased to announce that we got support from ZIMOCO. I am pleased to partner with the best in the Industry already.
Commenting on the same occasion giving a speech on behalf of Zimbabwe Government, Dr Muswere Minister of ICT , Postal and Courier Services said the Ministry is tasked to ensure Zimbabwe’s digital economy awakens and the nation is empowered to make data driven decisions . We have the mandate to digitize the economy. There are many projects being implemented.
‘’As Government we are running a number of digitized projects around the country. I am pleased to see the kind of a launch that makes us grow well in terms of our economy. The development is key priority under the Government’s Vision 2030.
‘’As Government let us improve efforts to improve efficiency under Ministry guidance ..Tel-one has partnered with CMED , Central Vehicle Mechanical Department in providing the service for Government vehicles , he said . Already there are several players coming in , he said in conclusion . .