Tuesday 28 November 2023

GB Foods Marks 50 Years of Investing in Africa, Reaffirms Mission to Create a Sustainable Food Ecosystem

...announces the introduction of 3.2L jars for the Bama and Jago mayonnaise brands

GB Foods Africa, a prominent culinary and worldwide manufacturing company, held a big celebration to commemorate its 50th anniversary in Lagos, Nigeria. The event, themed "Cooking Together: A Delicious Future for Nigeria and Africa," gathered government officials, corporate leaders, and other stakeholders to celebrate the company's past accomplishments and debate its future goals.

IsDB Institute, Nigerian Exchange Limited to Boost Islamic Capital Markets in Nigeria

The Islamic Development Bank Institute (IsDB Institute) and the Nigerian Exchange Limited (NGX) have announced a collaboration to deliver an influential Islamic capital markets capacity-building workshop in Lagos, Nigeria.

AFRIMA Calls For Concerted Efforts to Combat Drug Abuse in Africa's Creative Industry

Africa's booming creative economy, which includes music, film, fashion, and other artistic fields, has seen extraordinary growth and international acclaim. However, beneath the surface of this success is a darker story: the prevalence of drug usage among creative circles, which the All Africa Music Awards (AFRIMA) has now sought collaboration to address head-on.

BusyBee Business Summit: Experts harp on technology in growing $20 billion event business

The event planning industry and other stakeholders in the event sector in Nigeria have urged for the use of technology to improve the craft of event planning and develop the industry, which is estimated to be worth $20 billion.

Tata International expands operations in Nigeria at Lagos Free Zone

Tata International plans to grow its business in Nigeria through a strategic alliance with the Lagos Free Zone (LFZ). Len Brand, Managing Director of Tata Africa Holdings Pty Ltd, signed the agreement in the presence of Anand Sen, Managing Director of Tata International Limited. This represents a big step forward in the company's commitment to the region.

Thursday 23 November 2023

Nigeria Set to Host the West Africa Healthcare, Lab, & Pharma Week in April 2024

…introduces the 2024 editions of Medic West Africa and Medlab West Africa, and the launch of Pharmaconex West Africa

Informa Markets, the world's leading event organiser, revealed today the launch of its event series —The West Africa Healthcare, Lab, and Pharma Week, set to take place in April 2024 at the Landmark Centre in Lagos, Nigeria. The week-long event series will feature three major global platforms: Medic West Africa, Medlab West Africa, and Pharmaconex West Africa, with each event aimed at highlighting the recent technological innovations and advancements within these crucial sectors.

MSGBC 2023: The Future of Natural Gas in a Changing Environment

An insightful panel discussion on the role of natural gas in the global energy landscape took place on the second day of the MSGBC Oil, Gas & Power 2023 conference and exhibition, which was sponsored by the Société nationale industrielle et miniére, a national industrial and mining company. The panellists discussed how market dynamics are changing as a result of the global energy transition, sustainability initiatives, and technical advancements in the sector.

NBA Africa Opens Two New Stores in SA

NBA Africa and Shesha, a premium retailer of exclusive and limited-edition footwear, apparel, and accessories, has announced the opening of two new NBA Stores in South Africa's Durban and Cape Town.  The NBA Store in Durban will open on Friday, November 24th, 2023 at Gateway Mall, while the NBA Store in Cape Town will open on Friday, December 1st 2023, at V&A Waterfront. 

Germany pledges 4 billion Euros in Africa’s green energy

...AfDB President calls for enhanced partnership

The government of Germany has pledged to invest 4 billion euros in Africa’s green energy until 2030. German Chancellor Olaf Scholz made the announcement at a press conference in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank Group Dr Akinwumi Adesina, during the G20 Compact with Africa conference.  

Wednesday 22 November 2023

Richard Teng named new CEO of Binance amid Changpeng Zhao’s forced departure

The founder and former CEO of Binance, Changpeng Zhao “CZ” has announced Richard Teng, its former Global Head of Regional Markets as the new CEO. 

Sam Altman returns as CEO of OpenAI

Just a few days after his ouster, OpenAI announced that it has reached an agreement in principle with Sam Altman to return as CEO, together with a new inaugural board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. This was posted this morning on the company's "X" page.

From COP27 to COP28: Key factors for Africa ahead of the 2023 United Nations Climate Change Conference

The Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) represents an important international forum for countries to gather to discuss and address global climate change issues. However, to date, these conferences have tended to be high-level and process-based, and COP 27 was no exception. – negotiations took place and some of the highlights included the historic establishment of the loss and damage fund which was seen as setting a precedent for climate justice. 

Tuesday 21 November 2023

AfDB approves $10 million investment in Dhamana Guarantee Company

...funding to enable Dhamana to offer guarantees for debt instruments

The Board of Directors of the African Development Bank Group (AfDB) has approved a $10 million equity investment in Dhamana Guarantee Company Limited to support the use of capital markets as an alternative source of long-term funding for infrastructure and the real sector in East Africa.

Afreximbank’s President Oramah receives Zik Prize for Leadership

The President of the African Export-Import Bank (Afreximbank), Professor Benedict Oramah, has been awarded the 2021/22 Zik Prize in Professional Leadership by the Public Policy Research and Analysis Centre (PPRAC). He received the award yesterday in Lagos, Nigeria.

Mpho Sadiki becomes GMD of Merchant Solutions for Africa

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the appointment of Mpho Sadiki as Group Managing Director of Merchant Solutions, Africa. Mpho will oversee the merchant solutions line of business across the Network's African markets.