AMEA Power commissions its 50MW solar photovoltaic plant in Togo

TOGO – AMEA Power, a subsidiary of UAE-based Al Nowais Investments (ANI), has announced the official commissioning of its 50MW solar photovoltaic (PV) plant in Blitta, Togo. This marks the country’s first utility-scale renewable energy project developed by an Independent Power Producer (IPP), and one of the largest solar PV IPP plants in West Africa. Officially named Sheikh Mohamed Bin…

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Morocco secures US$450m loan from World Bank to improve its digital infrastructure

MOROCCO – The World Bank has announced through a press release that it would be awarding Morocco a US$450 million loan through its Financial and Digital Inclusion Development Policy Financing (DPF) program. The loan aims to expand the availability of financial services and digital infrastructure for individuals and businesses, as well as improving financial inclusion and digital entrepreneurship. This is…

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Moja Ride startup partners O-CITY for digital innovation and future expansion

COTE D’IVOIRE – Moja Ride, an Ivorian startup providing a reservation and cashless payment system for transport services in Abidjan, has partnered with O-CITY for its next phase of digital innovation and future expansion. Through its open loop platform, O-CITY will enable public transport drivers to accept different payment methods from passengers, including QR code, NFC, and prepaid cards such…

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Ag-tech startup Apollo Agriculture secures US$1m debt funding from ABC Fund

KENYA – Agri-tech startup Apollo Agriculture, which uses machine learning and automated operations technology to help small-scale farmers access the resources they need to maximise their profitability, has raised US$1 million in debt funding from the Agri-Business Capital Fund (ABC Fund). Based in Nairobi, Apollo Agriculture is a commercial farming platform for small-scale farmers that uses machine learning and automated operations technology…

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MTN Nigeria set to invest US$1.5bn to expand broadband access in the country

NIGERIA – MTN Nigeria, a mobile telecommunications company, has announced plans to invest N640 billion (US$1.5 billion), over the next three years to expand broadband access across the continent’s most populous country. The invest is in line with the federal government’s 2020-2025 National Broadband Plan and in support of MTN Group’s strategy, Ambition 2025: Leading digital solutions for Africa’s progress.…

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Fintech Finch Technologies takes up majority stake in FundingHub to boost SME funding

SOUTH AFRICA – Cape Town-based fintech Finch Technologies has “significantly” upped its investment in finance marketplace FundingHub inorder to boost Small and Medium Enterprises funding, the company has announced. In a statement, Finch Technologies says its investment will see it become the majority shareholder in FundingHub. “We made a second investment in FundingHub, due to its dramatic growth over the past…

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South Africa to host COVID-19 vaccine technology transfer hub for the continent

AFRICA – The World Health Organization (WHO) has picked South Africa to host the continent’s first messenger RNA (mRNA) vaccine technology transfer hub for COVID-19 vaccines. The move comes after the WHO issued an expression of interest in April, to establish COVID-19 mRNA vaccine technology transfer hubs to scale up production and access to COVID vaccines in low- and middle-income countries (LMICs). The WHO describes the…

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OCP Maintenance Solutions partners BCG to provide solutions integrating industrial expertise

MOROCCO – OCP Maintenance Solutions (OCP-MS), an affiliate of the OCP group – a leading producer of phosphate rock and phosphoric acid, has signed a partnership agreement with Boston Consulting Group (BCG), a business management firms. These two organizations will cooperate to jointly provide solutions integrating industrial expertise, digital and artificial intelligence (AI) to large industrial groups, in Africa and…

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Delta Airlines resumes Atlanta-Johannesburg operations

SOUTH AFRICA – Delta Airlines has announced the resumption of its direct flight from Johannesburg to Atlanta, US, bringing relief to international travelers in spite of the doubts about the benefits to South Africa’s aviation industry. Delta said in a statement that it would resume the non-stop service between Atlanta and Joburg on August 1 to all pre-Covid Africa markets,…

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Veolia Group appoints Chouhaid Nasr as its Morocco Country Director

MOROCCO – Veolia Group, a France-based optimized resource management group, has appointed Chouhaid Nasr as Morocco Country Director, effective July 1, 2021, the group’s chairman and CEO, Antoine Frérot, has announced. Nasr succeeds François De Rochambeau who retains his position as Non-Executive Chairman. As Country Director, Nasr will join Veolia’s Africa & Middle East Zone Executive Committee. He shall also remain…

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