Facebook gets behind African entrepreneurs in a ‘celebration of tech’ week as part of its sponsorship of TechCrunch’s Startup Battlefield Africa
October 10, 2017 | 0 Comments
|The event will see entrepreneurs and developers compete across three categories: social good; productivity and utility; and gaming and entertainment|
JOHANNESBURG, South Africa, October 9, 2017/ — Showcasing Facebook’s (www.Facebook.com) passion for investing in creative, diverse talent across Africa, and nurturing the tech and startup ecosystem, Facebook announces a week-long celebration of activities as part of its sponsorship of TechCrunch’s Startup Battlefield Africa 2017 (http://APO.af/wJeqkQ).
In the first event of its kind on the continent, TechCrunch’s Startup Battlefield Africa 2017, will search for the best innovators, makers and technical entrepreneurs in Sub Saharan Africa. The event will see entrepreneurs and developers compete across three categories: social good; productivity and utility; and gaming and entertainment. It will tell the founders’ stories, uncovering the next wave of disruptive innovations and putting African invention under the global spotlight.
Ned Desmond, COO, TechCrunch adds, “We’re really pleased to be able to bring the first Startup Battlefield to Africa. This is an exciting event, with opportunities to discover the creativity, talent and imagination of startups from across the continent. TechCrunch has held events across the world, and being able to hold Battlefield Africa is a natural progression. We can’t wait to see the results.
Commenting on the partnership, Ime Archibong, Facebook’s Vice President of Partnerships said: “Our partnership with TechCrunch on Africa’s first ever Startup Battlefield event is a natural fit. We’re big believers in supporting and developing young, creative, diverse talent, and we also have a passion for supporting small businesses and startups as they grow, and nowhere is this more exciting than in the rich, diverse continent that is Africa.”
The Facebook team will be in Nairobi, Kenya from 9-12 October to take part in and host a number of events aimed at connecting, listening and learning from the startup and wider tech community:
“With more than a billion people in Africa, we want to do more to enable businesses in the region to connect with people,” says Emeka Afigbo, Facebook’s Head of Platform Partnerships for Middle East & Africa. “We are excited to be part of a showcase of how African developers and tech entrepreneurs are empowering people and growing the economy.”
SITA to provide 100% bag tracking for airlines at Istanbul new Airport from day one
October 10, 2017 | 0 Comments
|SITA technology will allow airlines at one of the world’s biggest airports to track bags at every step|
|ISTANBUL, Turkey, October 9, 2017/ — İGA, contractor and designated operator of Istanbul New Airport, has appointed SITA (www.SITA.aero) to implement its innovative baggage tracking solution at what will be one of the world’s largest airports, allowing airlines to meet IATA Resolution 753’s baggage tracking requirements from day one.
The airport, due to open in 2018, will have capacity to accommodate 90 million passengers a year. Upon completion of all four phases, the passenger capacity will reach over 200 million passengers annually and will be required to track more than 750000 bags an hour. The potential for bags to be mishandled in such a busy environment will be significantly reduced with SITA’s baggage solution by providing information on where every single bag is on its route through the airport.
SITA’s baggage solutıon (http://APO.af/QvebHa) provides the IT infrastructure that makes it possible for airlines to track bags at key points in the journey, including check-in, transfer and arrival. Airlines will also be able to receive updates on where their baggage is at each step of the journey, allowing them to comply with IATA Resolution 753.
Yusuf Akçayoğlu, CEO of İGA Airports Construction said: “We fully understand that having the right technology will be essential to the successful operation of the new airport and future-proofing it for decades to come. It is also critical to ensuring our passengers fully benefit from our new, world-class facilities by providing innovative systems that make the journey through the airport enjoyable and effortless. We are confident that we will conclude this cooperation successfully.”
Ersin İnankul, CIO of İGA Airports Construction said: “In building a new facility, we have the opportunity to implement technology or capacity to accommodate new technologies. One of the technologies that will become a must-have is baggage tracking to meet the June 2018 deadline of Resolution 753. As a service to our airlines, we have partnered with SITA to implement the technology to meet the requirements from day one of operation.”
Jihad Boueri, SITA Vice President Airports for Middle East, India and Africa said: “Baggage is one key area where technology is improving the passenger experience. Increasingly airlines and airports are helping to relieve the anxiety of waiting for bags to arrive by providing real-time information on the status of their bags to passengers. At the same time, by understanding where a bag is at any point in its journey, airlines will be able to act proactively to ensure that a bag is correctly allocated to a flight, ensuring it arrives with the passenger at its destination.”
SITA’s Baggage Report 2017 showed that baggage management by airlines globally improved again in 2016 as the industry focuses on technology investments. According to the report, the rate of mishandled bags was 5.73 bags per thousand passengers in 2016, down 12.25% from the previous year and the lowest ever recorded.
SITA (www.SITA.aero) is the communications and IT solution provider that transforms air travel through technology for airlines, at airports and on aircraft. The company’s portfolio covers everything from managed global communications and infrastructure services, to eAircraft, passenger management, baggage, self-service, airport and border management solutions. Owned 100% by more than 400 air transport industry members, SITA has a unique understanding of its needs and places a strong emphasis on technology innovation.
Asoko Welcomes Submissions for Africa 2017 Forum Deal Room with COMESA
October 10, 2017 | 0 Comments
The Deal Room will connect some of Africa’s most enterprising SMEs and fast growth companies with investors to help them scale up their businesses.
London, 09 October 2017: Asoko Insight (Asoko), Africa’s largest repository of privately-held company information, will facilitate their second Deal Room at the forthcoming Africa 2017 Forum, to be held in Sharm El Sheikh between the 7th and 9th December.
Africa 2017 is the biggest B2B and B2G forum to take place in Africa this year, bringing together government delegations from over 30 countries and over 1,000 business leaders from across the continent.
The Forum, which will take place on the 8th and 9th December in Sharm El Sheikh, Egypt, will be preceded by a Young Entrepreneurs Day, on the 7th December aimed to connect tomorrow’s future business leaders, with like-minded entrepreneurs and help them, through a series of workshops and discussions, take their businesses to the next level.
The Deal Room is a platform that connects high investment potential African companies with angel investors, venture capital and private equity companies with the aim to help them raise capital and accelerate their growth. Asoko will facilitate the identification of these companies, support their preparation to pitch and use its network amongst the investor community to match capital to proven business models with great potential.
Speaking on the partnership, Asoko CEO and co-founder, Rob Withagen, said “We are delighted and excited to be an official knowledge partner at the Africa 2017 Forum. African businesses are rapidly growing in number and sophistication, but the challenge of positioning themselves in front of institutional investors and global corporates, remains. Being part of initiatives such as this, designed to enhance private sector cooperation and drive investment in sectors of strategic interest within Africa, is at the core of our vision at Asoko”.
The Deal Room at Africa 2017 will focus on companies from 3 sectors: i) agri/agribusiness;; ii) transport and logistics; and iii) light manufacturing. Each of these industry sectors align with the theme of Africa 2017 to promote inclusive growth and cross border trade in the African region.
The selection process will be completed by the end of October. Companies who meet the criteria can apply for consideration by submitting their company details through the following link by the 20th October:
Asoko Insight (Asoko) is Africa’s largest online repository of privately-held company information. Our objective is to facilitate instant access to reliable information on Africa’s most dynamic companies, at scale. With support of research teams based in Addis Ababa, Accra, Lagos and Nairobi, we have captured in-depth profiles on more than 10,000 mid to large cap corporates thus far and are rapidly adding to that number. We work with investors, corporates and governments worldwide who are looking for business partners and investment opportunities.
Africa 2017 Forum is held under the high patronage of H.E. Abdel Fattah Al Sisi on 7th to 9th December 2017 in Sharm El Sheikh, Egypt, and is organized by the Ministry of Investment and International Cooperation of Egypt and the COMESA Regional Investment Agency (RIA).
The 2017 edition builds on the success of the inaugural Africa 2016, which saw participation of 6 Heads of State and more than 1,000 delegates from 45 countries. This year the programme has been enhanced with exclusive Presidential Roundtables with African leaders and CEOs as well as a Young Entrepreneurs Day.
Africa 2017 remains the premier business platform to nurture new partnerships; meet investors and fast track your business objectives in Africa. More information available here www.businessforafricaforum.com
Conferencing in Africa reaches for the stars
October 10, 2017 | 0 Comments
African conferencing facilities are becoming more than just venues for local gatherings and are now attracting major international events. The continent’s breath-taking natural beauty, rapidly developing infrastructure and vibrant multi-cultural people offer an increasingly attractive destination for some of the biggest global strategic events. Elzaan van Rhyn, Groups and Convention Manager at Peermont discusses the growing sophistication of conferencing facilities in Africa and how they can benefit companies and local communities.
With the global economy expected to grow by just 2.7% in 2017 and the African economy by 2.9%, live events have maintained their relevance in a time of cost-cutting. This is despite the potential challenge from teleconferencing technology, which is delivering a much higher image and sound quality than ever before. While the global village is relying more and more on technology to connect people, nothing beats a live event where people can interact with each other for longer periods of time and in genuine ways.
Long-term relationships and contacts can be built without the worry of losing Internet connection or electricity, and nothing could ever replace the subtle nuances of face-to-face contact that are lost even through the most advanced digital contact. Along with a vibrant grass-roots economy, the continent’s unique cultural and tourism experiences mean the Meetings, Incentives, Conferences and Exhibitions (MICE) industry in Africa is starting to boom, despite budget cuts.
In fact, while companies and government departments might cut marketing, advertising and promotion costs, budgets are being diverted to conferences and exhibitions, as the measurable return on investment is more substantial and impactful. Increasingly, conference organisers are looking for fresh locations that leave attendees inspired and energised – especially where team building, sales, strategy and creativity are critical elements to the event process.
Global conference organisers also want to host their events at the best locations, where their delegates won’t be distracted by the hustle and bustle of big city life. The growing trend towards ‘bleisure’ hospitality, where companies seek to combine ‘business’ and ‘leisure’ elements, is serving to create memorable, informative experiences in stress-free environments.
Developers are picking up on this trend and leading leisure properties are being renovated to include world-class conference centres to cater for business and industry events, along with entertainment. In this way, visitors to African destinations are offered the benefit of sophisticated corporate facilities along with the natural beauty and excitement of the African continent.
There’s no better time than now for owners of traditionally leisure-focused assets to boost their conferencing capabilities. While upgrade costs might be daunting, the long-term benefits are immeasurable. Owners benefit from referrals and marketing their properties while the surrounding economy is stimulated through job creation and new supply chains.
The Grand Palm in Botswana and the Umodzi Park in Malawi are two exciting properties that are attracting people who might otherwise have not even visited the continent.
In 2016, The Grand Palm Resort, located in Gaborone, erected a new multi-purpose marquee to add versatility to the resort, especially for large scale events. Since then it was picked as host to the widely televised World’s Strongest Man contest, performances by musician Monique Bingham and the Royal Moscow Ballet, among others.
In 2017, The Grand Palm’s four-star Walmont hotel began upgrades to create a world-class aesthetic quality, including a complete revamp of its Okavango and Moremi conference rooms. With new interior design and a full refurbishment of the main conference hall and breakaway rooms, the Conference Centre received a modern facelift that rivals leading venues abroad. With the casino also being completely overhauled, delegates will experience the same standard of excellence across the entire resort.
In Malawi, construction on Umodzi Park commenced in 2009 and was completed in 2012 as a mixed-use facility. It is the ideal business getaway, featuring the 130-room President Walmont Hotel, the only five-star hotel in Malawi. Adjacent to this is the Bingu Wa Mutharika International Convention Centre, which has 15 different venues and the capacity to host 1,500 people in its main auditorium.
The Convention Centre was picked to host events such as the 2017 Miss Malawi pageant and the successful African Land Forces Summit, which received delegates from 44 countries in May, including the US, France, UK, Brazil and leaders from across Africa.
These properties are rare jewels in the African hospitality industry, and as more people enjoy their state-of-the-art features, they will continue to attract interest from global conferences, international musical performances and mega trade exhibitions.
Nigerian industrialist Aliko Dangote shares secret of backward integration with investors: “Produce the entire value chain”
October 10, 2017 | 0 Comments
|Nigerian industrialist Aliko Dangote shares secret of backward integration with investors: “Produce the entire value chain”|
LONDON, United Kingdom, October 9, 2017/ — At the Financial Times’ 4th annual Africa Summit (http://APO.af/qv2dZF) at Claridges in London, editor in chief Lionel Barber conducted an extraordinarily candid public conversation with Nigerian Aliko Dangote, Africa’s most successful business leader, in the presence of Nigerian vice-president Professor Yemi Osingajo, Congolese presidential hopeful Moise Katumbi, and about 300 business leaders.
Mastering detailed production statistics and highly-compelling demographics on promising sectors of the African economy, Dangote outlined the key to his success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes. “We are not going to import anything any longer,” he said. “In Nigeria we are learning how to produce the entire value chain.” Once a heavy importer of fertilizer, Nigeria is now gearing up to produce 3M tonnes of locally manufactured fertilizer, transforming the nation into one of the largest fertilizer exporters in Africa.
In 2007 Nigeria was the second largest importer of cement after the US, Dangote reminded the audience of business elites. “Today, we have not only satisfied domestic needs; we have become a leading exporter of 6-7M tonnes of cement,” he added.
Diversifying into agriculture, Dangote has eyes on the dairy industry motivated by the fact that “98% of all milk consumed in Nigeria is imported.” Same for rice. Dangote Group has invested heavily in rice production by investing in local farmers and then offering to buy back the 1M tonnes at open market prices that they are growing. “Soon we will be able to feed not only Nigeria but the entire 320M large West African market.”
Dangote’s business accumen was on rare exhibition as FT editor Lionel Barber himself seemed impressed with the business mogul’s quick familiarity with the nuts and bolts of his businesses. “Are we going to continue to import everything?” Dangote asked. “Freight rates are now cheap but they will go up soon. A population of over 200M cannot continue to import basic needs on a daily basis,” he answered himself.
By 2100 Dangote stated Africa will represent 49% of the world’s population, up from 30% today. “If you don’t think big we won’t grow at all,” he said. “In Africa you have to play long-term.”
Aside from Nigeria, which African nations do you think are good growth opportunities? Barber asked Dangote. “Aside from Nigeria?” the business leader repeated and smiled. “I’d have to pick Nigeria. I am a big fan of Nigeria. We are only using 8% of our land.”
SOUTH AFRICAN AIRWAYS EXTENDS GROUP BOOKING PROMOTION
October 9, 2017 | 0 Comments
Get a complimentary* ticket when booking 10 or more passengers traveling to Africa
Fort Lauderdale, FL (October 09, 2017) – South African Airways (SAA), the national flag carrier of South Africa and Africa’s most awarded airline, has extended its special group booking promotion of offering one free tour conductor ticket* (restrictions apply) for every 10 group passengers traveling on SAA.
This offer is valid for new group bookings made and deposits received by October 31, 2017, for travel from October 26 through December 9, 2017, and January 11 through March 31, 2018. Travel is applicable on SAA-operated flights from New York-JFK Airport or Washington, DC-Dulles Airport to any
SAA destination in Africa.
“We invite families, friends, coworkers and travel clubs to take advantage of SAA’s low group fares and this special tour conductor offer to explore and experience the wonders of Africa,” said Todd Neuman, executive vice president, North America for South African Airways. “With this tremendous value, your group can experience the vibe of Africa’s cosmopolitan cities, enjoy an exhilarating game safari to view the Big Five, indulge in amazing wine and culinary delights, or spend quality time together under the majestic African skies.”
South African Airways offers the most service from the U.S. to South Africa and an extensive route network throughout the African continent. SAA’s competitive group fares and its dedicated group sales specialists are available to assist with all your group’s travel needs, including complimentary seat assignments. We invite groups big or small to experience SAA’s award-winning in-flight service designed
for pure comfort for long-haul travel with a roomy economy class cabin, gourmet cuisine and a selection of complimentary spirits and award-winning South African wines and, generous checked baggage allowance. Also included are individual audio / visual entertainment systems that deliver an extensive menu of first-run movies and music choices. Via our Johannesburg hub, SAA links the world to over 75
destinations across Southern Africa and Africa’s Indian Ocean islands.
To request your group quote, email GroupsNA@flysaa.com, or contact your local professional travel consultant. Visit www.flysaa.com to learn more about the exciting destinations we service.
South African Airways (SAA), South Africa’s national flag carrier and the continent’s most awarded airline, serves over 75 destinations worldwide in partnership with SA Express, Airlink and its low cost carrier Mango.
In North America, SAA operates daily nonstop flights from New York-JFK and direct flights from Washington D.C.-IAD (via Accra, Ghana and Dakar, Senegal) to Johannesburg. SAA has
partnerships with United Airlines, Air Canada and JetBlue Airways, American Airlines and Virgin America, which offer convenient connections from more than 100 cities in the U.S. and Canada to SAA’s flights. SAA is a Star Alliance member and the recipient of the Skytrax 4-Star rating for 15 consecutive years.
Complimentary Tour Conductor tickets are subject to applicable taxes & surcharges. Complimentary Tour Conductor ticket is awarded after a group of 10 or more paying passengers. Special is valid for new bookings only. Valid for ad-hoc groups only (no
series producers). Valid for travel 10/26/2017 – 12/9/2017 & 1/11/2018 – 3/31/2018. Valid for travel from New York (JFK) or Washington
Dulles (IAD) to Africa. Entire group (including tour conductor) must travel together. Valid on SAA-operated flights only. Groups must be booked and deposited by 9/30/2017. Seats are limited and may not be available on all flights. Change & cancellation penalties apply, per applicable group reservation and fare rules. Baggage and optional service fees may apply. Reservations made 7 days or more prior to scheduled departure may be canceled without penalty up to 24 hours after the reservation is made
Hilton Launches Africa Growth Initiative
October 7, 2017 | 0 Comments
|Initiative expected to add 100 properties to its portfolio over the next five years|
MCLEAN, United States of America, October 5, 2017/ — Hilton has committed a total of $50 million over the next five years towards the Hilton Africa Growth Initiative to support the continued expansion of its Sub-Saharan African portfolio.
These funds are intended to support the conversion of around 100 hotels (roughly 20,000 rooms) in multiple African markets into Hilton branded properties, namely into its flagship Hilton Hotels & Resorts brand, the upscale DoubleTree by Hilton and the recently launched Curio Collection by Hilton.
Patrick Fitzgibbon, Senior Vice President, Development, Europe, Middle East and Africa, Hilton said: “Hilton remains committed to growth in Africa having been present on the continent for more than 50 years. The model of converting existing hotels into Hilton branded properties has proved highly successful in a variety of markets and we expect to see great opportunities to convert hotels to Hilton brands through this initiative.”
“It enables us to rapidly grow our portfolio and delivers returns for owners by increasing exposure of their business to more international, inter-regional and domestic travellers, and specifically to our 65 million-plus Hilton Honors members, who look to stay with us in our suite of industry-leading brands. We see huge potential here in key cities and airports, as well as allowing us to develop our offering in resorts and safari lodges.”
These hotels will receive all the benefits associated with Hilton’s industry-leading brand proposition and world-class commercial platforms. Guests will also be able to take advantage of Hilton’s innovative technology platforms such as online check-in and the ability to choose individual rooms when booking via the Hilton Honors App.
Fitzgibbon added: “The range of brands we have at our disposal allows owners the flexibility to pick the right fit for their property. We have already deployed this initiative in the signing of two hotels: our first DoubleTree by Hilton property in Kenya, and our first hotel in Rwanda, and expect to be able to announce further additions before the end of this year.”
DoubleTree by Hilton Nairobi Hurlingham
The first hotel to benefit from this initiative is the 109 guest room Amber Hotel on Nairobi’s Ngong Road, which will re-launch under the upscale DoubleTree by Hilton brand. The hotel, which opened in 2016, is currently undergoing a series of renovations and will join the brand by the end of the year. Following the refurbishment, the hotel will be known as DoubleTree by Hilton Nairobi Hurlingham and will continue to be operated by the owner under a franchise agreement through the leadership of its current General Manager, Elisha Katam.
DoubleTree by Hilton Kigali City Centre
The 153 room Ubumwe Grande Hotel in the Kigali central business district will trade under the upscale DoubleTree by Hilton brand when it fully converts in 2018. This franchised property – with 134 guest rooms and 19 apartments – opened in September 2016. The hotel will undergo some changes in order to rebrand and will be Hilton’s first property in Rwanda. Once rebranded, the hotel will trade as the DoubleTree by Hilton Kigali City Centre.
Hilton currently operates 19 hotels in the Sub Saharan Africa region with a further 29 in its pipeline. It has held a presence on the African continent for over 50 years.
Hilton is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,000 properties with more than 825,000 rooms in 103 countries and territories. Hilton is dedicated to fulfilling its mission to be the world’s most hospitable company by delivering exceptional experiences – every hotel, every guest, every time. The company’s portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio Collection by HiltonTM, DoubleTree by Hilton, Tapestry Collection by HiltonTM, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations.
The company also manages an award-winning customer loyalty program, Hilton Honors. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose exactly how many Points to combine with money, an exclusive member discount that can’t be found anywhere else and free standard Wi-Fi.
Off-grid Solar set to triple in Africa
October 7, 2017 | 0 Comments
|The IEA has found that the amount of power from solar grew by more than 50%, and has officially increased energy output globally at a faster rate than any other fuel|
|LAGOS, Nigeria, October 6, 2017/ —
A new report has confirmed that Solar is now the fastest growing energy source in the world, and is making a major impact in Africa. The International Energy Agency’s 2017 report on renewables forecasts that off-grid solar capacity in Africa is set to almost triple in the next five years, saying that it will “bring basic electricity services to almost 70 million more people in Asia and sub Saharan Africa”.
The IEA has found that the amount of power from solar grew by more than 50%, and has officially increased energy output globally at a faster rate than any other fuel. The report specifically highlights off-grid solar as a ‘dynamic’ sector set to accelerate this growth.
Lumos (www.Lumos-Global.com), a company that offers one of the fastest growing off-grid solar services in Africa, is at the forefront of this expansion. Lumos launched its Mobile Electricity Service and the Y’ello Box in partnership with MTN in Nigeria earlier this year. The device transforms the sun’s energy into electricity and is paid for via your mobile phone.
According to the IEA, off-grid capacity in Africa and Asia is set to reach “over 3000 MW in 2022.” CEO of Lumos Nigeria, Yuri Tsitrinbaum, said: “This is the latest evidence that off-grid solar is providing the answer to growing energy demand in Africa. There is no other option available that can provide energy that is as affordable, reliable, and clean.”
“We are changing the way people access electricity, and this is only the beginning. Mobile phones improved millions of lives, and now we are seeing the same thing with mobile electricity.”
Lumos Mobile Electricity Service is available at MTN stores across Nigeria. By subscribing to the service, customers get one of the revolutionary Y’ello Box systems that converts solar energy into electricity for the home, paid for by phone credit and a simple text message. It’s reliable, affordable and powerful.
The IEA report projects that over the next five years, services like Lumos will be the catalysts and drivers of innovative payment solutions that can allow low-income populations access to electricity.
Lumos (Lumos-Global.com) brings affordable, modern and clean electricity to communities that have been living off-grid.
Taking an intelligent approach to Africa’s promising mobility revolution
October 7, 2017 | 0 Comments
|Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa is bracing itself for a transport revolution as more countries embrace the onset of new technology|
|JOHANNESBURG, South Africa, October 5, 2017/ —
Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa is bracing itself for a transport revolution as more countries embrace the onset of new technology.
This sets the scene for a new era of intelligent mobility in Africa, writes Kevin Pillay – Vice President for Mobility at Siemens Africa (Siemens.com).
Intelligent mobility involves the electrification, automation and digitalization of existing transport infrastructure, and gives every citizen access to safe, reliable and efficient modes of transport.
The need and demand for intelligent mobility in Africa has never been greater – World Economic Forum competitiveness data reveals that only three African countries feature in the top 50 globally for quality of roads, quality of rail and quality of ports infrastructure respectively.
World Bank data also indicates that the Sub-Saharan African railway network has declined to 59,634km today, down from 65,661km in 1980 with only about 70% of the railway network in operational state.
At face value, it seems as though the continent faces insurmountable transport challenges. But the reality is that we are already setting the wheels in motion to create interconnected, more modern and efficient African transport networks that keep economies on the move, rather than hindering them. This development will not happen overnight, and will be realised one step at a time.
Intelligent traffic systems
Many African cities have traffic infrastructure plagued by unreliable power supply. To the frustration of motorists, timing of traffic lights stays the same regardless of actual conditions, and many are faulty and take weeks to repair. This means that the road infrastructure can’t handle peak traffic, not because of technology but because of the lack of proper technological investment.
The challenge is partly that these traffic systems have grown in an unco-ordinated way, with lots of different suppliers and systems cobbled together. Speeding and traffic light violations are a problem, and there is limited technology deployed to support effective traffic law enforcement.
Concern of this situation has been expressed by officials and road users alike, who say congestion and accidents have reached alarming levels. Inefficiencies in these transport systems affect a country’s ability to attract and maintain investment.
So where do we begin?
The adoption of intelligent traffic systems (ITS) will keep Africa’s busiest cities as fast-moving investment destinations. ITS includes deployment of smart sensor systems with intelligent algorithms to automatically adapt to improve traffic flow.
Two-way communication can be enabled by running fibre between traffic junctions and a central control centre to gather information from intelligent networked systems, sensors and cameras at every junction. This allows traffic lights to be adjusted according to demand.
Nigeria’s Edo State government recently announced its intention to upgrade to a technologically-advanced ITS system that provides real-time traffic information in Benin City. As part of the integrated solution, motorists and commuters will be informed about travel times, weather conditions and traffic jams on radio or online.
With all traffic management systems automated and digitalized, technology like automatic number plate recognition (ANPR) cameras can be utilised to efficiently enforce traffic rules.
Average speed over distance (ASOD) technology captures the time when a specific vehicle enters and exits the ASOD zone. The journey time is compared against the distance travelled and authorities are automatically notified if the prescribed speed limit was exceeded.
This improves the safety of drivers, passengers and pedestrians. It also minimises the risk of corruption, while promoting best practice among traffic enforcement officers who are exposed to a new skillset when trained in operating these new systems.
Automated rail infrastructure
Another effective means of reducing congestion on overburdened and under maintained roads in Africa is through greater investment in upgrading passenger rail networks.
Some of the world’s cities with the most advanced transport networks feature fast, efficient, safe and clean rail mobility networks powered by Siemens, and African cities can benefit from expertise in centralised traffic management and automation systems, including train control systems with minimum line side equipment linked to modern control centres.
A clear case in point is the Gauteng Nerve Centre (GNC) in South Africa. The 3400 m2 state-of-the art control centre for centralised rail traffic management in South Africa’s economic hub of Gauteng accommodates 35 train control operators in one place, and constantly monitors Gauteng’s rail traffic where over 600 trains carry more than 500,000 commuters on a daily basis.
The GNC boasts world-class automation capabilities and can immediately respond to any operating failures, accidents and other incidents, thereby enabling greater efficiencies in rail operations and train safety, while offering a more reliable service through higher infrastructure utilisation.
Siemens’ proven railway capabilities are set be bolstered further, following the mobility business’ recent announcement of its intention to merge with French railway engineering specialist Alstom.
With a strong presence in, and dedicated commitment to Africa, this anticipated partnership will create an African champion in mobility.
Intelligent, integrated mobility ensures environmental sustainability
Transportation is the world’s second-biggest producer of greenhouse gases. In 2015 motor vehicles, trains, ships, and planes emitted 7.5 billion tonnes of CO2 into the atmosphere, accounting for almost a quarter of all CO2 emissions worldwide.
Today transportation-related emissions are already about 60 percent higher than in 1990. One of the reasons for this is the dramatic increase in the number of vehicles in developing countries and emerging markets – of which Africa is home to many.
According to forecasts, transportation-related CO2 emissions will increase by another 67 percent between now and 2050. Clearly, in view of this, the global community must take decisive action to bring about a worldwide transition to sustainable transportation systems.
A well-integrated intelligent multi-modal transport network promotes a culture of eco-friendly travel and healthier living, as it reduces traffic congestion and CO2 emissions by transporting more people more safely and more comfortably, using newer and cleaner technology without relying on fossil fuels.
The time for intelligent mobility is now
If Africa truly wants to unleash its full potential, then sufficient funds must be responsibly invested in upgrading existing transport and logistics infrastructure like road, rail and ports, in addition to new concepts that include electric bus rapid transport and ferries, to name a few.
Intelligent and integrated traffic systems are part of the future of transport in the world’s advanced cities. If Africa seizes the opportunity, many of its cities will be on that list, and the continent’s citizens will reap the rewards. That is the way forward.
2018 World Cup: Fifa hands out punishments to several African nations
October 4, 2017 | 0 Comments
Fifa has handed out punishments to eight African nations for various offences committed during September’s 2018 World Cup qualifiers.
Gabon fielded an ineligible player – Merlin Tandjigora, who should have been suspended – in the 3-0 home defeat by Ivory Coast on 2 September.
The Panthers effectively escape with a fine as the main sanction for the error is to forfeit the match 3-0.
Several teams suffered similar sanctions in 2014 World Cup qualifying.
Meanwhile, the Nigeria Football Federation has been fined just over US$30,000 and issued with a warning after fans invaded the pitch when they beat Cameroon 4-0 on 1 September.
DR Congo were also given a warning and also handed a major fine, forced to pay Fifa around US$20,000, for incidents during their match against Tunisia on 5 September.
Fifa ruled that there had been “improper conduct among spectators – throwing objects [bottles] and letting off incendiary devices” at the match, which ended 2-2, in Kinshasa.
The Congolese federation was also sanctioned for failing to fly national flags at the stadium and for not displaying a mandatory “central advertising board”.
There was a US$15,000 fine and a warning for Mali after their home match against Morocco also suffered from “improper conduct among spectators – throwing objects [bottles and chairs]”.
Elsewhere, Zambia must pay US$7,000 after their fans threw objects when they played Algeria in Lusaka.
Morocco’s punishment of US$3,000 and a warning was given after spectators whistled during the national anthem ahead of their match against Mali in Rabat.
Both Burkina Faso and Senegal were issued warnings for delayed kick-offs in their matches against each other on 2 and 5 September respectively.
And South Africa’s Erick Mulomowandau Mathoho had his suspension for a straight red card against Cape Verde increased from one match to two and also fined US$5,000.
He was dismissed in Praia for kicking out at an opponent after the ball had already gone into touch and missed the return match a few days later through suspension.
The increased ban means Bafana Bafana coach Stuart Baxter had to drop him from his squad to face visiting Burkina Faso on Saturday.
He has been replaced by Cape Town City captain Robyn Johannes, who has earned his first call-up since 2008.
Ecobank launches mVisa across 33 African Countries
October 3, 2017 | 0 Comments
|Ecobank Scan+Pay with mVisa delivers instant, secure cashless payment for goods and services by allowing customers to scan a QR code on a smartphone or enter a unique merchant identifying code into either a feature phone or smartphone|
LOME, Togo, October 2, 2017/ — Ecobank (https://Ecobank.com) has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers.
Incorporated (‘ETI’ or ‘The Group’) Incorporated in Lomé, Togo in 1988, Ecobank Transnational Incorporated (‘ETI’) is the parent company of the leading independent pan-African banking group, Ecobank. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group employs over 17,000 people in 40 different countries in over 1,200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.
About Visa Inc. Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.
Rx Healthcare Fund Announces Anchor Investors
October 3, 2017 | 0 Comments
|The Fund aims to address growing demand for high-quality healthcare services across North African and Sub-Saharan jurisdictions, through investments in high growth potential entities in three key sectors: specialized hospitals, medical diagnostics, and pharmaceuticals|
CAIRO, Egypt, October 2, 2017/ — Rx Healthcare Fund (“Rx” or the “Fund”) (www.RxHealthManagement.com), an Africa-focused healthcare private equity fund currently under establishment, today announced that GE Healthcare (www.GEhealthcare.com), a leading global provider of transformational medical technologies and services, is set to become an anchor limited partner in Rx. Following an earlier commitment to Rx by the African Development Bank, the proposed minority investment by GE is subject to completion of fundraising.
Rx, which is led by former Egyptian Minister of Health Dr. Hatem El Gabaly, is a private equity fund managed by a newly setup fund manager in partnership with EFG Hermes, the leading financial services corporation in the Middle East and North Africa. The Fund aims to address growing demand for high-quality healthcare services across North African and Sub-Saharan jurisdictions, through investments in high growth potential entities in three key sectors: specialized hospitals, medical diagnostics, and pharmaceuticals.
“Access to long term development funding is the cornerstone of sustainable healthcare development in Africa”, said Farid Fezoua, President & CEO of GE Healthcare Africa. “As Africa’s banks and financial services industry sharpen their focus on the continent’s expanding health sector, nurturing homegrown strategic funding and financing solutions combined with operators’ and technology domain expertise has the potential to provide a significant boost for local private sector healthcare providers, SMEs and entrepreneurs as well as public-private partnerships.”
“We’re delighted to have completed our lineup of potential anchor limited partners with GE Healthcare, an unrivaled industry specialist with a footprint in more than 100 countries across the world, and African Development Bank, the continent’s leading development finance institution,” said Dr. El Gabaly. “Importantly, GE Healthcare’s added value to Rx goes far beyond its financial investment: We view GE Healthcare and AfDB as strategic partners who would bring deep industry and geography specific knowledge in many of our target markets. We believe our Fund will offer a unique value proposition to the potential investors, in which it will be supported by veteran healthcare professionals, seasoned private equity professionals, and experienced investors.”
“Africa’s healthcare sector is unique in that it offers both the potential for superior risk-adjusted returns as well as the opportunity to invest responsibly in a critical sector that will have measurable impact on the wider economy,” El Gabaly noted.
With the IMF projecting the continent’s GDP growing at 6% (2013-2017) and a population of over one billion that includes an emerging middle class that has grown 60%+ to reach c.313 million over the last 10 years, Africa has a strong macro-economic outlook that could create a significant role for private healthcare providers.
GE Healthcare provides transformational medical technologies and services to meet the demand for increased access, enhanced quality and more affordable healthcare around the world. GE (NYSE: GE) works on things that matter – great people and technologies taking on tough challenges. From medical imaging, software & IT, patient monitoring and diagnostics to drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions, GE Healthcare helps medical professionals deliver great healthcare to their patients.
Rx Healthcare Fund, is a private equity fund (Under Establishment) that will capitalize on the rapidly growing demand for affordable, high-quality healthcare services across the African continent. The Fund aims to build an integrated portfolio of strategic healthcare assets across the North African countries of Egypt, Tunisia and Morocco with a potential for expansion and replication in the vastly underserved Sub-Saharan healthcare markets particularly Kenya, Nigeria and Ethiopia.
The Fund deploys a rigorous value creation strategy centered around the development of pan-African healthcare platforms along three distinct verticals covering diagnostics & therapeutic services, hospitals (general and specialized), and pharmaceuticals or other complimentary subsectors of healthcare across the continent.
With a current footprint spanning Eight countries in the Middle East, North Africa, Pakistan & United States of America, EFG Hermes started in Egypt and has grown over 30 years of success to become a leading financial services corporation with access to emerging and frontier markets. Drawing on our proven track-record & a team of more than 2900 talented employees, we provide a wide spectrum of financial services that include investment banking, asset management, securities brokerage, research and private equity to the entire region.
EFG Hermes’ private equity arm is one of the Arab world’s leading private-equity groups with a special focus on investing in infrastructure (particularly renewable energy), healthcare and consumer products. With more than 25 years of experience in investing across a broad industrial footprint, the firm is a leader in infrastructure private equity.