Category: Big News

SOUTH AFRICA : MYCITI SERVICE RECORDS 19% INCREASE IN PASSENGER TRIPS

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Life in Cape Town is slowly returning to normal. The number of passenger trips recorded on the MyCiTi bus service for the last quarter of 2021 has increased with over 19% when compared with the same period in 2020 when South Africa faced harsh lockdowns due to the Covid-19 pandemic. A total of 2 843 153 passenger trips were recorded on the MyCiTi bus service from 1 October 2020 to 31 December 2020 when South Africa was in the midst of the second wave of Covid-19. This number increased to…

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AFRICAN AIRLINES’ PERFORMANCE UPDATES BY AFRAA – JANUARY 2022

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The number of people infected by the Omicron Covid variant continues to increase. This has unfortunately resulted in some countries putting in place panic measures against international travel.  Globally, the number of cases has reached 350 million and 10.7 million in Africa. Stringent travel advisories, insistence on full vaccination before travel, forceful vaccination at ports of arrival, repatriation of passengers not meeting entry travel requirements and quarantine of passengers at their own costs are some of the unorthodox measures being enforced by some governments. In fact, in one African country…

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IFC INVESTS IN EGYPT’S BRIMORE TO SUPPORT THE GROWTH OF E-COMMERCE, CREATE JOBS AND MARKETS

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To support the growth of local manufacturers, create job opportunities, and develop e-commerce in Egypt, IFC today announced an equity investment in Brimore, a leading Egyptian social commerce platform that connects emerging brands with distributors and customers. IFC is co-leading Brimore’s $25 million Series A round with an investment of $5 million in the Cairo-based company, which provides small- and medium-sized manufacturers in Egypt with access to the mass market through a large network of distribution agents, most of whom are women. IFC’s investment will help Brimore grow its network…

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DP WORLD AND ANGOLAN GOVERNMENT SIGN MOU TO EXPLORE DEVELOPING THE COUNTRY’S LOGISTICS SECTOR

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DP World, the leading provider of smart logistics solutions, and the Government of Angola, today signed a Memorandum of Understanding (MoU) with the aim of cooperating to further develop the country’s trade and logistics sector. The MoU was signed in Luanda by Eugenio de Lima Fernandes, National Director for Concession Economics, and Suhail Al Banna, CEO and MD, Middle East and Africa Region, DP World, in the presence of His Excellency, Dr Ricardo Viegas de Abreu, Angola’s Minister of Transport, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World. The…

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THE AFRICAN CONTINENTAL FREE TRADE AREA (AFCFTA) COUNCIL OF MINISTERS RESPONSIBLE FOR TRADE AGREED THAT TRADING UNDER AFCFTA REGIME PROCEEDS ON THE BASIS OF AGREED RULES OF ORIGIN COVERING 87.7% OF TOTAL TARIFF LINES

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The Eighth (8″”) Meeting of The African Continental Free Trade Area (AfCFTA) Council of Ministers Responsible for Trade was convened in Accra-Ghana on 28-29 January, 2022. The meeting was chaired by Hon. Ebrahim Patel, Minister of Trade, Industry and Competition of the Republic of South Africa. The overall objective of the meeting was to assess the status of negotiations on outstanding issues and agree on the steps towards the start of commercially meaningful trading under the AfCFTA. In addition to the progress report from the Secretary-General of AfCFTA, His Excellency…

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OPIBUS INTRODUCES THE FIRST-EVER ELECTRIC BUS DESIGNED AND DEVELOPED IN AFRICA

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Opibus has just introduced the first all-electric bus in Kenya as well as the first African designed electric bus ever. This is the first major step in the company’s vision to provide a locally designed and developed electric bus that can be mass-produced for the pan-African market, by the end of 2023. This is a step towards realizing Opibus goal of electrifying Africa’s public transport system, deploying products tailored for the local use case. The bus is designed and developed in-house with local engineering talent, while at the same time…

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YAPI MERKEZI TO BUILD TANZANIA’S BIGGEST RAILWAY LINE

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Yapı Merkezi has signed on to undertake a $1.9-billion project in Tanzania. Having successfully developed an impressive array of world-class projects, Yapı Merkezi has recently signed another contract to construct the third phase of the Tanzania’s Dar es Salaam–Mwanza Railway, which will be the fastest railway line ever to be built in East Africa. The company has already undertaken the first and second phases of the railway line. The third phase will stretch from Makutupora to Tabora. In addition to the infrastructure works of the turnkey, single-line railway project in…

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RETURN TO SERVICE OF THE MABOPANE LINE AND OVERSIGHT ON INFRASTRUCTURE REHABILITATION

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Following relentless efforts since 2019 to rehabilitate and upgrade infrastructure in the Mabopane Corridor, the Railway Safety Regulator finally granted a No-Objection Notice allowing PRASA to commence operations with the new trains. A programme to upgrade the infrastructure and implement necessary refurbishments was introduced in February 2020 following the President’s announcement of a R1.4 billion allocation for this purpose. The Mabopane line has seen its fair share of challenges before the declaration of state of disaster and needed major infrastructure upgrades before the new trains could be deployed on this…

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DHL SUPPLY CHAIN INVESTS IN 13 NEW VOLVO BIO-LNG TRUCKS

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DHL Supply Chain today announces the addition of 13 new Volvo FH Liquefied Natural Gas (LNG) tractor units to its fleet as part of its GoGreen plan and commitment to finding innovative solutions to reduce its environmental impact.  The new additions join DHL Supply Chain’s growing fleet of gas trucks. The Volvo FH 6×2 tractor units are equipped with Globetrotter cabs and specified with 155kg LNG tanks for maximum range of 1,000km. The new vehicles will deliver up to 80% reduction in carbon emissions when fuelled with bio-LNG and 10-20%…

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