NEWS

52 ZAMBIAN BUSINESSES IN DRC FOR TRADE:

The first cohort of over 52 representatives of Zambian companies has arrived in the Democratic Republic of Congo (DRC) ready to talk business with their Congolese business counterparts. The…

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Frazium Energy inks deal for 100-MW solar park in Eswatini

Australian renewable power producer Frazium Energy has inked a deal with the government of Eswatini, also known as Swaziland, to build a 100-MW solar park in the South African Kingdom. The…

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Kenyan fintech Asante announces $7.5m Series A funding for pan-African expansion

Kenya-based fintech startup Asante has announced a US$7.5 million Series A investment to help its credit offerings to a host of African countries. Asante has developed a digital lending platform that…

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Egypt’s ILLA raises $2M to diversify its offerings to FMCG value chain:

Most FMCG brands rely on a combination of owned and outsourced assets to carry out delivery operations. The variety of both models brings about a fragmented logistics cycle and FMCGs can lose…

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Indian car rental platform Zoomcar to invest $25mln in Egypt:

Zoomcar, the largest car-sharing marketplace covering emerging markets and dominating the self-drive car rental market in India, announced the launch of its operations in Egypt as part of its plan to…

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Rwanda, Luxembourg pact to boost financial centre ambitions

Kigali International Financial Centre development ambitions received a boost this week as Rwanda and Luxembourg signed a bilateral cooperation agreement with the aim to support Rwanda in further…

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Egypt signs deal with Nokia to build IoT infrastructure

Egyptian Minister of Communications and IT Amr Talaat oversaw the signing of a deal between Telecom Egypt and Nokia International to build Internet of Things infrastructure in the country. The…

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Caltex Starts Manufacturing Local Lubricants In Kenya:

FAL Manufacturing Limited (AML), which is owned by Tristar Group, has officially launched the local manufacturing of Caltex lubricants in East Africa a month after signing a license agreement with…

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Uganda coffee in hot demand as exports climb to 30-year high

Demand for Ugandan coffee in Italy, where espresso lovers abound, has helped increase the East African nation’s exports of the beans to the highest in at least 30 years. In August, Uganda overtook…

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Uganda ranked top in East Africa for openness to foreign investment

Uganda has been ranked top in East Africa and fifth in Africa for openness to foreign investment by Absa’s 2021 Financial Markets Index. Absa Group Limited is listed on the Johannesburg Stock…

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