Egypt signs MoU with TotalEnergies, Enara Capital to boost Green Ammonia production

EGYPT – The government of Egypt has signed a memorandum of understanding (MoU) with Total Energies and Enara Capital to annually produce 300,000 tons of green ammonia from clean energy in the Sokhna region. The MoU was signed between the Egyptian General Authority for Suez Canal Economic Zone (SCZone), Egypt’s Sovereign Fund, the Egyptian Electricity Transmission (EETC), the New and…

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Network service provider Angola Cables partners Flexential to offer customers connectivity options

ANGOLA – Flexential, the provider of data center colocation, cloud and connectivity, announced its partnership with Angola Cables, a multinational ICT solutions and network service provider operator, to drive colocation and interconnection options for customers in the Southern and West African markets. Providing access to Angola’s MONET cable, housed in Flexential’s Fort Lauderdale data center, this partnership will offer customers…

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Norwegian company Elopak completes acquisition of MENA’s Naturepak

MENA – Global supplier of carton packaging and filling equipment, Elopak, has acquired Naturepak, the leading gable top fresh liquid carton and packaging systems supplier in the MENA region. The move has earned the Norwegian packaging manufacturer additional production facilities in Morocco and Saudi Arabia, expanding its extensive global network, which already encompasses customers across 70 countries. It has also…

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Credit Agricole partners Mastercard to introduce innovative payment solutions in Morocco

MOROCCO – Credit Agricole (CAM) has signed a long-term strategic partnership with Mastercard to implement new technologies, products, and services that will render transparent and secure transactions for the Moroccan market. With the agreement, CAM becomes the first African bank to launch the cards digitization service on E-commerce websites that supports the Mastercard’s digital enablement service for merchants also known…

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AMEA Power closes financing for its Zina solar power plant in Burkina Faso

BURKINA FASO – UAE-based independent power producer (IPP) AMEA Power, has reached a financial close on the Zina solar power plant in Burkina Faso, with an installed capacity of 26.6MW. The solar plant is being built by Zina Solaire, a project company fully owned by AMEA Power. The project is being implemented in a public-private partnership (PPP) with the government…

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Nigerian clean-tech startup Kaltani secures US$4M to expand plastic recycling

NIGERIA – Nigerian clean-tech plastic waste recycling company Kaltani has secured US$4 million in seed funding to expand its recycling operations across the country. The startup will use the funding to open 20 new collection and aggregation centers across Nigeria and increase its staff strength to over 500 people. This development will augment Kaltani’s capacity substantially, allowing the company to…

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Eskom Pension Fund launches debt fund designed for South African Small Medium Enterprises

SOUTH AFRICA – The Eskom Pension and Provident Fund (EPPF) has launched the South African SME Debt Fund, a debt fund designed for South African Small Medium Enterprises (SMEs). The fund will be managed by Sanlam Investments, following its appointment as the external fund manager. EPPF committed R350m to the investment pool, while Sanlam made a co-investment of R50m. The debt…

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Vodacom Group appoints Sitho Mdlalose as Managing Director for its South African business

SOUTH AFRICA – Vodacom Group, a mobile communications company, has announced the appointment of Sitho Mdlalose as Managing Director (MD) of Vodacom South Africa, effective 01 July 2022. Sitho is currently the Managing Director of Vodacom Tanzania, a position he has held since August 2021. He returns to Vodacom South Africa to assume the role held by Balesh Sharma, who…

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AIIM becomes the largest single shareholder in MetroFibre after acquiring additional 25.8% interest

SOUTH AFRICA – African Infrastructure Investment Managers (AIIM) has completed a follow-on acquisition in MetroFibre Networx, following approval from the Independent Communications Authority of South Africa. AIIM, alongside a consortium comprising South African Housing & Infrastructure Fund (SAHIF) and STOA, a foreign investment vehicle based in France, has acquired an additional 25.8% interest in MetroFibre, previously held by Sanlam Private…

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Radisson Blu Upper hill reopens under new management after 16-month closure

KENYA – Global hotel brand Radisson Blu has resumed operations of its outlet in Upper Hill, Nairobi after sixteen months of closure due to the COVID-19 pandemic. Low bookings due to the pandemic pushed the establishment to halt operations and send most of its staff home in December 2020. The hotel has now resumed operations under new management led by…

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