Inspiring Leadership & Sustainable Business Transformation in Africa
AFRICA – Moove, the first mobility fintech in the world and Uber ’s first car leasing partner in EMEA, has announced that it will launch in India as part of its global expansion. Moove, which provides revenue-based financing to business owners in the mobility industry, has established itself throughout Africa and is now expanding to Mumbai, Hyderabad, and Bangalore. All…
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ETHIOPIA – Ethiopian Airlines, the largest aviation group in Africa, has announced the resumption of thrice weekly passenger flights to Bengaluru, India. The airline announced the recommencement of after it halted operations for two years due to the pandemic. Ethiopian operated its first flight services to Bengaluru in October 2019. The nonstop service between Bengaluru and Addis Ababa is being…
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MOZAMBIQUE – The Indian High Commissioner to Mozambique, Ankan Banerjee, has signed a memorandum of understanding worth US$10 million with the Mozambican government to support the drinking water sector. This funding supports a drinking water supply program that will benefit the populations of the Mueda district, in the Cabo Delgado province. The Indian funding, provided in the form of a…
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KENYA – Nairobi based cargo airline Astral Aviation and India’s SpiceXpress, the air cargo arm of Spicejet, have signed a interline agreement connecting the networks of the two companies. The new partnership will give a major boost to cargo traffic between the Indian sub-continent and Africa, giving the option of more affordable channels of moving shipments which will include general…
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TUNISIA – Tunisia is set to join the International Solar Alliance (ISA) in order to enhance its partnership with India in the Solar energy field. A report by Africa Energy Portal indicated that the intent by Tunisia to join International Solar Alliance will mark the starting point for the strengthening of the Tunisian-Indian partnership in the solar energy field. The…
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TANZANIA – Tanzania is set to benefit from India’s foreign direct investments (FDIs) amounting to US$8 billion, thanks to its direct flights to India. The billion-dollar investment involves key priority areas, including agriculture, manufacturing, transportation of merchandise and skills transfer as identified by the Tanzania Investment Centre (TIC). Agricultural products such as sisal, cotton, cashew nuts, avocados and minerals are…
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TANZANIA – Indian sugar miller, Purandare Industries (T) Ltd, plans to establish a mega sugar processing factory in Tanzania’s capital, Dodoma. According to the company’s Managing Director, Satish Purandare, construction of the 20,000 acres factory is expected to kick off in June this year. Operations at the factory which will have the capacity to produce 5,000 tonnes per year is…
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INDIA – India has announced plans to sell its entire interest in Air India Ltd, in a renewed push to sell the flag carrier. A document released from the government slated March 17 as the deadline for submission of initial expressions of interest. The document also noted that any bidder must assume liabilities, including debt of 232.87 billion rupees ($3.28…
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NIGERIA– Air Peace, one of Nigeria’s leading domestic carrier has been designated by the Federal Government to operate flight services to Tel Aviv, Israel. The Chairman of Air Peace, Mr Allen Onyema, told journalists that the designation would help Nigeria to benefit from a Bilateral Air Service Agreement that has been in existence for several decades. Onyema said the airline…
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MOROCCO – Morocco ranked 12th out of 30 at the 2019 Global Retail Development Index conducted by US global management consulting company Kearney. Morocco earned its position with a score of 50.2, according to the index chart. The index notes that Morocco has invested around US$47 billion in national retail sales, placing the kingdom 3rd in Africa. Despite the positive…
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