Category: HighLights

Afreximbank to offer Supply Chain Finance in Nigeria in partnership with Sterling Bank

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Afreximbank s’apprête à introduire un produit de financement de la chaîne d'approvisionnement au Nigeria en partenariat avec Sterling Bank

The partnership with Sterling Bank is a unique and innovative arrangement which leverages the complementary strengths of both institutions to provide a comprehensive market-led solution to Nigerian corporates CAIRO, Egypt, April 4, 2024 (Afreximbank) — African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria. This product, branded as ‘Afreximbank Tradelink,’ is one of Afreximbank’s digital offerings under the umbrella of the Africa Trade Gateway (ATG). ATG provides African corporates and commercial banks with relevant digital tools to access market…

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UNECA publishes AfCFTA implementation strategies synthesis report

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The United Nation Economic Commission for Africa (UNECA) has recently published a report which provides a snapshot of AfCFTA implementation strategies in the continent, with a list of the countries and the Regional Economic Communities (RECs) that have adopted them and a description of their core elements, the process by which they were developed, and experiences of some African states in their implementation. The AfCFTA implementation strategies are policy documents that define strategies for expediting the implementation of the AfCFTA Agreement and realize its benefits at national and regional levels. They are based on a decision adopted by the Conference of African Ministers of Finance,…

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Rwanda : Carrier Transicold Boosts East African Cold Chain Development Through Partnership with ACES

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(Logis-T Africa) This partnership between Carrier Transicold and ACES represents a significant step towards a more robust and sustainable cold chain infrastructure in East Africa, with positive implications for food security, public health, and environmental impact. In a press release issued on March 14, 2024, Carrier Transicold, a leading provider of intelligent climate and energy solutions, announced a significant collaboration with the Africa Centre of Excellence for Sustainable Cooling and Cold Chain (ACES) to accelerate cold chain development in East Africa. This partnership focuses on providing vital resources and expertise…

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KENYA: eWAKA Partners with Powerbase to Expand its E-mobility Solutions

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The partnership between eWAKA and Powerbase is a significant step in the development of electric mobility in Kenya. By addressing the challenges of access to finance and charging infrastructure, it paves the way for wider adoption of this technology and a more sustainable future for the country. eWAKA, a Kenyan electric mobility start-up, has announced a partnership with Powerbase, a financial and energy company, to boost the expansion of its e-mobility solutions in Kenya. This collaboration aims to remove barriers to the adoption of electric mobility in Africa by facilitating…

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WOMEN AND TRADE : WTO and EIF host discussion on trade policy and women’s economic empowerment

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An event titled “A joint conversation on women’s economic empowerment”, hosted by the WTO and the Enhanced Integrated Framework (EIF) on 26 March, provided a platform to showcase recent advances and initiatives aimed at addressing gender inequality in trade and fostering women’s empowerment. Speakers at the event presented recent developments concerning trade and gender. The WTO’s Trade and Gender Office highlighted three member-led outcomes on trade and gender from the 13th WTO Ministerial Conference, marking a significant milestone in advancing gender-responsive policies. Anoush der Boghossian, the Head of the WTO’s Trade and Gender Office,…

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Kenya Airways Takes Flight Again: Records First Profit Since 2017

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Kenya Airways (KQ) has finally turned a corner, emerging from a period of financial turbulence to record a significant milestone in its turnaround journey. The national carrier announced a KSh 10.5 billion operating profit for the year ended December 31, 2023. This achievement marks the airline’s first profitable year since 2017, signifying a remarkable comeback. “These figures highlight the airline’s remarkable performance over the year and provide encouraging signs of continued recovery within the air transportation sector,” said Kenya Airways Chairman, Michael Joseph. Project Kifaru Takes Off This positive shift…

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Togo : The Arab Africa Trade Bridges Program (AATB) launches Training Initiative to Boost the Transport & Transit Sector

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Le Programme Arab Africa Trade Bridges (AATB) lance une Formation destinée à dynamiser le Secteur du Transport et du Transit au Togo

The objective of this training is to equip trainers with the necessary skills to conduct high-quality educational sessions for professionals in the transport and transit sector The General Secretariat of the Arab Africa Trade Bridges (AATB) Program, a multi-donor, inter-regional program, launched in collaboration with Togo’s Ministry of Road Transport, Air, and Rail an initiative aimed at empowering Togo’s transport and transit sector. The “Training for Trainers” initiative is expertly facilitated by the International Road Transport Union (IRU) in Lomé, Togo.   The objective of this training is to equip…

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PORT AUTONOME DE POINTE-NOIRE : Construction of Two Maritime Quays Progressing Perfectly and Could Be Completed by September 2024

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In order to increase its ship reception capacity and maintain its leadership in Central Africa, the Port Autonome de Pointe-Noire (PAPN) has been undertaking the construction of two maritime quays on the eastern side of the existing port basin since 2021. An agreement was signed with the company RAZEL-BEC, which was awarded the contract for this project financed by the French Development Agency (AFD). Begun in July 2021, the construction of these two infrastructures responds to the desire of the port authority to ensure that the PAPN meets the new…

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Nissan Africa: New Leadership and Renewed Ambitions

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Jordi Vila takes over as President of Nissan Africa, succeeding Joni Paiva who is rejoining the Renault Group. Japanese automaker Nissan has announced the appointment of Jordi Vila as President of Nissan Africa. Mr. Vila replaces Joni Paiva who, after 11 years at Nissan, is returning to the Renault Group. The appointment of Mr. Vila as head of Nissan Africa marks a new era for the company on the continent. With his experience and ambitious vision, Mr. Vila is well-positioned to lead Nissan Africa towards a promising future and sustainable…

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South Korea Seeks to Strengthen Trade Ties with Three African Nations

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The Ministry of Trade, Industry and Energy said Wednesday it has discussed ways to expand trade cooperation with three African countries by concluding Economic Partnership Agreements (EPAs). Trade Minister Cheong In-kyo met with the ambassadors of Morocco, Tanzania and Kenya in Seoul to discuss ways to strengthen economic ties between South Korea and Africa, the ministry said. An EPA aims to establish a mutually beneficial trade network with partner nations beyond simple market opening, though it has a more limited scope compared to a traditional free trade agreement (FTA). South…

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