October 28, 2022 | CEO Business Africa

Agricultural company Agrarius lists first Shari’ah-compliant sustainability-linked Sukuk on JSE

October 28, 2022October 28, 2022

SOUTH AFRICA – Agrarius Sustainability Engineered (Agrarius), has listed as Africa’s first Shari’ah-compliant sustainability-linked Sukuk (Sukuk) on the Johannesburg Stock Exchange (JSE). Agrarius is a Polish company which has been introducing products for agricultural and horticultural crops to the market since 2006. The listing of the Sukuk constitutes the inaugural issuance by the Company under its ZAR10 billion (US$551.5m) Shari’ah compliant sustainability-related asset…

Heineken goes green with official launch of solar power plant in South Africa

October 28, 2022October 28, 2022

SOUTH AFRICA – In line with its pursuit of brewing a better world, Heineken South Africa has officially launched its recently installed solar power plant at its Sedibeng, Midvaal brewery. The plant boasts of 14,000 panels having a significant 6.5MW of power, targeted to provide 30% of the brewery’s electricity demand. Unlike many solar plants in South Africa constructed in…

IDZB partners Norsad Capital for sustainable business growth in Zimbabwe

October 28, 2022October 28, 2022

ZIMBABWE – The Infrastructure Development Bank of Zimbabwe (IDBZ) has joined forces with Norsad Capital, a provider of private credit to scalable businesses focused on growth to provide much-needed capital to businesses, which can be used to promote economic growth and improve livelihoods. “Our agreement means that we will introduce each other to potential transactions and seek to collaborate and share…

Delivery platform Glovo launches its third micro fulfilment center in Kenya

October 28, 2022October 28, 2022

KENYA – Glovo, a leading multi-category delivery platform, has launched its third micro fulfillment center in Nairobi, Kenya, as the company expands its ‘Q-commerce’ division. Q-Commerce means that consumers can use Glovo to order from their favorite supermarkets and neighbourhood stores. The first micro fulfillment center was launched in June 2021, while the second was opened in June 2022, now…

Radisson Blu launches construction of its US$54m hotel in Cameroon’s capital

October 28, 2022October 28, 2022

CAMEROON – The Radisson Blu hotel group has laid the foundation stone for the construction of a complex in Yaoundé, the Cameroonian capital. Funds for this project, valued at CFA37 billion (US$54.87m), will be raised from the U.S. International Development Finance Corporation (DFC). However, the local project carrier -BrightView Bethesda SA- offered Cameroonians the opportunity to become partners in…

MYDAWA taps US$1.2M from Gates Foundation to boost HIV fight in Kenya

October 28, 2022October 28, 2022

KENYA – Kenya’s online pharmacy MYDAWA has secured US$1.2 million in funding from the Bill and Melinda Gates Foundation to launch the first Kenyan telehealth solution tailored to boost Human Immunodeficiency Virus (HIV) prevention efforts. The project will be co-financed by the Organization of American States (OAS) in partnership with the University of Washington, Jomo Kenyatta University of Agriculture and…