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Inspiring Africa's Sustainable Business Growth
KENYA – Copia Global, the fast-growing B2C e-Commerce platform operating in East Africa, has undertaken several executives appointments to beef up its management as it continues to pursue its expansion strategy. The mobile commerce platform has promoted its Chief Financial Officer (CFO) Dominic Dimba to Managing Director, of East Africa. As the former CFO of the organization’s Kenya division, Dominic…
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SOUTH AFRICA – As part of its sustainable strategy around energy management, Vodacom SA’s Midrand campus is being fitted with solar photovoltaic (PV) panels which will allow the headquarters to generate around 10.8 gigawatt-hours (GWh) of its own clean power every year – roughly 21% of its power consumption. “Everything we do is driven by our purpose to shape a…
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AFRICA – Buy now, pay later (BNPL) company Lipa Later has announced a partnership with Lami Technologies insurtech to offer its consumers access to reliable and affordable insurance against all products purchased using the Lipa Later platform. Founded in 2017, Lipa Later is a trusted BNPL company operating in Kenya, Rwanda, Uganda and Nigeria, with the sole purpose of providing…
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ETHIOPIA – Ascent Rift Valley Fund Ltd (ARVF) has announced that it has exited as a shareholder of Medpharm Holdings Africa (Medpharm), a provider of medical diagnostic laboratory services in Ethiopia. ARVF has sold its stake in the company to Cerba Lancet Africa (CLA), a network of clinical pathology and medical diagnosis in Africa with 170 sites, across Sub-Saharan Africa.…
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NIGERIA – FSDH Merchant Bank of Nigeria has received a US$25m trade finance facility from the African Development Bank Group (AfDB) to spur over US$200m in agriculture, manufacturing, and energy transactions in the next 3 years. The Board of Directors of the AfDB has approved a US$15 million trade finance line of credit and US$10 million transaction guarantee for the merchant…
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KENYA – Kenyan-based technology food distribution platform, Twiga Foods, has entered into a strategic partnership with automobile manufacturer Isuzu EA and commercial bank NCBA Bank to boost affordability and safe delivery of fresh produce to retailers across the region. The partnership that seeks to see up to 300 Isuzu trucks being released into the marketplace in phases, has flagged off…
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