Inspiring Leadership & Sustainable Business Transformation in Africa
EGYPT – American multinational technology company, Amazon has expanded into the Egyptian market with the acquisition of US$10 million stake in valU. Based on the terms and conditions of the transaction agreement, the option will be exercisable prior to or upon the occurrence of a qualified liquidity event at the level of valU. It will be in the form of…
Read More
KENYA – Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, has announced plans to launch an AWS Local Zone in Kenya. The new AWS Local Zone(s) in Kenya will join 16 existing AWS Local Zones across the United States and an additional 32 AWS Local Zones planned to launch in 26 countries around the world starting in 2022. AWS…
Read More
KENYA – Copia Global, a Kenyan-based B2C e-commerce platform with a distribution solution, has appointed former Amazon executive Jason Murray to its board in bid to help serve the rapidly growing 750 million middle and low-income African consumer market. Jason, who has been on Amazon’s leadership team for 19 years in software development, pricing, inventory planning, fulfillment, supply chain management,…
Read More
SOUTH AFRICA – Amazon, an American multinational technology and e-commerce company, has commissioned its first solar project in South Africa. Located in the Northern Cape province of South Africa, the 10MW solar project officially came online on February 22. With a potential production capacity of 28,000 MWh annually, the solar project will supply Amazon’s Web Service data centers with clean…
Read More
EGYPT – Amazon, a global online shopping platform, officially launched Amazon.eg to replace Souq.com in the local market following the inauguration of its warehouse in Egypt. The launch came a month after the online shopping titan had announced its intention to have an official presence in Egypt. It clarified that the website will feature millions of items from local and…
Read More
EGYPT – Amazon, a global e-commerce website, has revealed its intention to launch its Egypt website this year, to give entrepreneurs, business owners, and local sellers the opportunity to reach a larger number of customers nationwide. The company said the registration for local sellers would take place through the Amazon Seller Partner Center, a tool dedicated to managing their businesses.…
Read More
SOUTH AFRICA – Johannesburg Stock Exchange listed specialist logistics property fund, Equites, has sold two UK distribution warehouses to real estate funds managed by Blackstone for US59 million representing a 4.79 percent net exit yield and 6 percent premium to Equites’ book value. The sale proceeds would be re-invested into distribution warehouse development by the Equites/Newlands joint venture, with the…
Read More
MENA – Amazon, an American multinational technology company, has announced the launch of Amazon Payment Services in the Middle East and North Africa (MENA) region. Amazon Payment Services is a payment processing service with the objective to empower businesses with simple, affordable, and trusted online payment experiences. In 2017, Amazon acquired PAYFORT as part of the Souq Group acquisition. PAYFORT…
Read More
SOUTH AFRICA – Amazon Web Services (AWS), a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs, has announced the launch of its African regional hub in Cape Town, South Africa. AWS Africa Region will offer low latency digital services and a broad range of technologies to players in various sectors, mainly government organizations. Peter DeSantis, vice…
Read More
KENYA – Amazon Web Services, subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, has entered a partnership with Safaricom, Kenya’s largest telco, ISP and cell fee supplier, in a collaboration that might spell competitors between American cloud suppliers in Africa. Safaricom will promote AWS companies (primarily cloud) to its East Africa buyer community. The company…
Read More