Category: News

216 Capital co-leads Pan-African startup Logidoo’s $1.5M fundraising round

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The African continent is facing a critical logistics challenge compared to regions like Asia and the EU. Currently, Africa’s low index of intra-continental trade poses a challenge to the vision of the African Continental Free Trade Area (AfCFTA) due to nonexistent corridors, high logistics costs, complex customs processes, delays, and lack of infrastructure. With its logistics marketplace platform, Logidoo addresses this major challenge by creating commercial corridors between African countries through its fast, reliable, secure, and affordable intelligent logistics solution. Continuing its momentum to support emerging sectors in the African…

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Roam Secures US$24M in Funding to Accelerate Electric Mobility Solutions in Africa

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● Roam secures US$14M in Series A equity funding led by Equator Africa, with notable contributions from At One Ventures, TES Ventures, and others, alongside an additional US$10M debt commitment from the US Government’s International Development Finance Corporation (DFC). ● This funding will enable Roam to expand its production of locally designed and manufactured electric motorcycles and buses, fueling its mission to revolutionize African transportation with innovative products specifically designed for consumers across the continent. Nairobi, Kenya — Kenyan-based electric mobility pioneer, Roam, is accelerating its mission to revolutionise transportation…

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Pan African Payment and Settlement System (PAPSS) Expands into North Africa as Banque Centrale de Tunisie Becomes Thirteenth Member

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The Pan African Payment and Settlement System (PAPSS) is proud to announce the entry of Banque Centrale de Tunisie (BCT) into its network as its thirteenth Central Bank member, further strengthening its commitment to promoting seamless cross-border payment services and enhancing financial integration across the African continent.   PAPSS, developed by African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, facilitates real-time settlement of intra-African trade and payments, in African currencies, across the continent. By uniting central banks from across Africa, PAPSS seeks to address…

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The 71st International Conference and Exhibition of ACI-Africa under the theme: “Airports: Engines of Social, Economic and Sustainable Growth.”

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LogisT Africa – The Egyptian capital will host the 71st International Conference and Exhibition of the Airports Council International – Africa Region ‘ACI-Africa,’ from February 24 to March 1, 2024. The event is organized by the Holding Company for Airports and Air Navigation, one of the companies affiliated with the Ministry of Civil Aviation of Egypt. Under the patronage of the Prime Minister, Dr Mostafa Madbouly, this gathering aims to bring together approximately 400 representatives from airports and international organizations representing 52 African countries, around the theme: ‘Airports: Engines of…

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ANGOLA COMMITS TO CONTINENTAL INTERCONNECTIVITY

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On Thursday, February 8, Angola submitted its letter of accession to the solemn declaration on the Single African Air Transport Market to the African Union (AU). The ceremony took place at the headquarters of the continental organization in Addis Ababa, Ethiopia. The letter of accession, presented by the Angolan Ambassador to Ethiopia and Permanent Representative to the AU and ECA, Miguel César Bembe, was signed by the Angolan Head of State, João Lourenço, on September 29, 2023, in accordance with the Constitution of the Republic of Angola. The Angolan diplomat…

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HAMZA BENHAMOUDA APPOINTED NEW CEO OF AIR ALGERIE

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LogisT-Africa – After succeeding Amine Debaghine Mesraoua in June 2022, Yacine Benslimane is stepping down from his position as the head of the Algerian national airline less than two years later, handing over the reins to Hamza Benhamouda, who was previously the Director-General of the National Civil Aviation Agency (ANAC). This change, decided by Algerian President Abdelmadjid Tebboune, was announced through a press release on Wednesday, February 7th. The new captain of Air Algérie faces the challenging task of surpassing the achievements of his predecessor, who successfully navigated the post-Covid…

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V.A.O.B Facilitates Historic Train Procurement for the Government of Ghana

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V.A.O.B, a leading intermediary in the infrastructure sector, has announced the successful sale of its first rolling stock to the Government of Ghana, marking a significant milestone for Ghana’s railway transport sector. This transformative transaction solidifies V.A.O.B’s position as a key player in fostering international collaboration, spearheading the Government of Ghana’s first-ever train purchase from a European country, and simultaneously, ushering Polish manufacturers’ inaugural entry into the African market. The success of this deal sheds light on V.A.O.B’s extensive experience in navigating complex transactions between major stakeholders in the infrastructure…

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The Italian Foreign Trade Agency opens an office in Dakar

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The Italian Foreign Trade Agency (ITA) declares having opened an office in Dakar last January, with the aim of “facilitating commercial relations between companies” from Italy and those from Senegal . The ITA explains in a press release sent to the APS on Tuesday that its “primary objective […] is to facilitate commercial relations between Senegalese and Italian companies, particularly during trade fairs and events in Italy”. The Italian agency promises to “assist” Senegalese companies “in their efforts” aimed at “discovering Italian products and technologies”. “It also intends to help…

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Morocco: Marrakech-Agadir High-Speed Rail Line, China Railway Secures Contract

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ligne à grande vitesse Marrakech à Agadir

LogisT-Africa – The Kingdom of Morocco plans to launch a second high-speed railway network project following the inauguration in 2018 of the first one connecting Tangier to Casablanca. This new high-speed line, stretching from Marrakech in the central-south to Agadir on the Atlantic coast, will also include three stations at Sidi Zouine, Chichaoua, and Agadir. Estimated at around 50 billion dirhams, the construction of this 230 km-long railway infrastructure has been entrusted to the Chinese group China Railway Design Corporation (CRDC), a subsidiary of the China State Railway Group, a…

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The Port of Abidjan welcomes the CMA CGM ‘Scandola’, a container ship powered by liquefied natural gas

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Thursday 1 February 2024 will go down in the history of the Port of Abidjan, which welcomed for the first time the CMA CGM “Scandola”, a container ship powered by Liquefied Natural Gas (LNG). The CMA CGM “Scandola”, with its imposing dimensions of 366 m long and 51.11 m wide and a capacity of… read more on maritimafrica.com

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