BrandArena: May 2024

Friday 24 May 2024

Coca-Cola Launches Wozzaah: A Flavorful Tribute to Africa’s Vibrant Culture

In celebration of Africa Day, Coca-Cola has introduced Coca-Cola Wozzaah, a new beverage that captures the essence of African culture through a unique blend of flavours. This latest addition to the Coca-Cola Creations lineup promises to take fans on a sensory journey across the diverse landscapes of Africa, showcasing its rich cultural tapestry.

Jane Kimemia, Fela Durotoye, Others to Speak at SheCan Conference 5.0 Today

Dr. Jane Kimemia, the CEO of Africa's leading investment immigration and wealth management firm, Optiva Capital Partners, will be among the keynote speakers at the 5th SheCan Conference today, Friday, May 24, 2024. The event is expected to draw 4,000 attendees.

Wednesday 22 May 2024

Abu Dhabi Reaffirms Commitment to Saadiyat Cultural District Completion by 2025

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) today announced that the Saadiyat Cultural District and its cultural institutions remain on track for a 2025 completion.

Kenya Signs $175 Million Investment Deal with Coca-Cola for Five-Year Expansion

Kenya has secured a $175 million (Ksh. 22.8 billion) investment expansion plan with Coca-Cola, set to unfold over the next five years.

Afreximbank Launches 2024 CANEX Prize for Publishing in Africa

Afreximbank has officially announced the launch of the 2024 CANEX Prize for Publishing in Africa, a collaborative initiative between the CANEX Book Factory and Narrative Landscape Press Limited.

Adekunle Gold, The Ben, Chris Eazy, and Alyn Sano to Entertain Fans at Basketball Africa League Finale in Rwanda

The Basketball Africa League (BAL) has announced an exciting lineup of artists and entertainers set to headline the entertainment segment at the BK Arena for the BAL Playoffs & Finals, starting on May 24 in Kigali, Rwanda. Nigerian global superstar Adekunle Gold will headline the event, sharing the stage with some of Rwanda’s top artists, including The Ben, Juno Kizigenza, Alyn Sano, Chris Eazy, and more.

MEDA Supports Obuntu Foundation to Empower Emerging African Fund Managers as Nominations Open

The Obuntu Foundation, a pivotal force for nurturing the next generation of Africa-focused fund managers, has announced a strategic partnership with Mennonite Economic Development Associates (MEDA), a global non-profit dedicated to economic development and entrepreneurship. As part of this collaboration, nominations are now open for the third cohort of the Obuntu Launchpad Program, inviting African-focused fund managers to refine their investment strategies, optimise fund outcomes, and expand their impact.

Nigerian Princess Ugonwaezeh-Agugo Selected for Capgemini Women's Leadership Programme by World Rugby

World Rugby has announced the selection of Nigerian Princess Alban Ugonwaezeh-Agugo for the Capgemini Women in Rugby Leadership Programme for 2024 and 2025. The programme which is designed to enhance the visibility of female leaders in the rugby community is expected to drive the growth of the women's and girls' game as the Women’s Rugby World Cup 2025 approaches.

Instagram Honours African Women in 2024 ‘Made by Africa, Loved by the World’ Campaign

To celebrate Africa Day on May 25, Instagram has unveiled its international and pan-African campaign, ‘Made by Africa, Loved by the World.’ This year, the campaign uniquely honours influential women, showcasing four remarkable African and diaspora women who have gained global recognition through their extraordinary talents in sports, entertainment, and music.

Monday 20 May 2024

NDPC Partners with IIM to Pioneer National Data Protection Certification in Nigeria

The Nigeria Data Protection Commission (NDPC) has forged a partnership with the Institute of Information Management (IIM) to introduce the nation's inaugural data protection certification program. The decision was to cultivate a pool of certified data protection professionals within Nigeria, addressing the escalating demand for expertise in this pivotal domain.

OpenseedVC Launches $10M Fund to Back Seasoned Operators in Launching Tech Ventures Across Africa and Europe

OpenseedVC, a new operator-led fund dedicated to supporting seasoned operators in launching their technology ventures across Africa and Europe, has officially debuted with the successful first close of its $10M angel-style early-stage fund.

Canal+ Increases Stake in Multichoice, Nears 50% Ownership

In a series of strategic moves, the French multimedia giant Canal+ has significantly expanded its ownership in Multichoice, positioning itself on the brink of acquiring a 50% stake in the company.

Okhma Assures Sponsors and Partners of ROI at 2024 Carnival Calabar

The organisers of the 20th edition of the renowned Carnival Calabar, Okhma have assured sponsors and partners of unparalleled exposure and engagement at this year's event through the infusion of different activities at the festival.

The WARC Awards 2024: 171 Campaigns Shortlisted Across 35 Markets in 12 Categories

The shortlists for The WARC Awards for Effectiveness 2024, in association with LIONS, have been announced. These restructured awards build on the legacy of WARC’s previous shows, honouring the best global marketing campaigns that demonstrate strategic brilliance and deliver effective impact to drive commercial success.

Spiro Secures $50 Million Debt Facility from Afreximbank to Drive Expansion

Spiro, Africa's leading electric vehicle company, has signed an agreement of a $50 million debt facility with the African Export-Import Bank (Afreximbank). The debt facility was formalised during the Africa CEO Forum in Kigali, Rwanda, underscoring Spiro's dedication to advancing sustainable transportation across the continent. 

IFC and Ecobank Partner to Boost Trade Finance in Seven African Countries

In a strategic move to enhance trade and stimulate economic growth across Africa, the International Finance Corporation (IFC) has announced the establishment of trade finance facilities with seven subsidiaries of Ecobank Transnational Incorporated (ETI) in Burkina Faso, Cameroon, Côte d’Ivoire, Ghana, Malawi, Mali, and Togo.

Reddington Hospital Strengthens Service Delivery with Key Specialist Appointments

Reddington Hospital in Lagos has made strategic appointments across various medical specialties to enhance patient care and service delivery. Dr. Abiodun Osibamowo, a USA-trained Consultant Internal Medicine Physician, has been named Medical Director. Additionally, Dr. Taoreed Azeez has been appointed as a Clinical Director at Reddington Hospital, Victoria Island, and Dr. Olusesan Adebayo, formerly a Consultant General Physician at Chevron, will serve as Clinical Director at Reddington Hospital, Lekki.

PMI Africa Conference Rebrands to PMI Global Summit Series | Africa, Reflecting the Continent’s Ascendant Role in Global Business

The Project Management Institute (PMI), the leading authority in project management dedicated to advancing the profession and enhancing project success, has announced the rebranding of its flagship PMI Africa Conference to PMI Global Summit Series | Africa. This strategic refresh aligns Africa’s premier gathering of project professionals with the esteemed PMI Global Summit, ensuring a cohesive and elevated experience that upholds the high standards and interactive environment characteristic of major PMI events.

Quadrant MSL’s COO, Oluwarantimi Olaniyan Steps Down, Shifts Focus to Sustainability and ESG Adoption

The Chief Operating Officer and Head of Business at Quadrant MSL, Oluwarantimi Olaniyan, has announced her departure after nearly five years of dedicated leadership. On Saturday, May 4, 2024, Olaniyan revealed her decision to redirect her efforts towards sustainability, impact, and Environmental, Social, and Governance (ESG) adoption—areas she is deeply passionate about.

Lagos Leather Fair 2024: Advancing the African Leather Industry with 'Levelling Up' Theme

Lagos Leather Fair, the premier annual event showcasing Africa’s leather industry, is excited to announce the launch of its 2024 edition, themed "Levelling Up." This theme aims to further the impressive strides being made within the African leather ecosystem.

Emirates Group Reports Record Financial Performance for 2023-24, Surpassing All Previous Benchmarks

The Emirates Group has announced its financial results for the 2023-24 fiscal year, achieving unprecedented levels of profit, revenue, and cash reserves. The Group's Annual Report highlights a record profit of AED 18.7 billion (US$ 5.1 billion), a remarkable 71% increase from last year's AED 10.9 billion (US$ 3.0 billion) profit. Revenue surged to AED 137.3 billion (US$ 37.4 billion), up 15% from the previous year, and the Group’s cash balance reached an all-time high of AED 47.1 billion (US$ 12.8 billion), marking an 11% rise from last year.

Monday 13 May 2024

New Chairman Appointed at Access Bank Sierra Leone

Access Bank Sierra Leone Ltd. (Access Bank (SL) Ltd.) has appointed Mr. Maurice Cole as Chairman of its Board of Directors, succeeding Ms. Alice Onomake, the former Chairman.

Nigeria Achieves Milestone with Over 107 Million NIN Enrollments

The National Identity Management Commission (NIMC) of Nigeria has reached a significant milestone in its National Identification Number (NIN) enrolment initiative. As of Friday, May 10, 2024, the database boasts registrations from over 107 million Nigerians, marking a notable increase from the 104 million recorded in December 2023.

FTX Announces Plan to Repay Most Creditors in Full

FTX, the cryptocurrency exchange that faced bankruptcy two years ago, has unveiled plans to reimburse the majority of its creditors in full, along with interest in an attempt to escape bankruptcy.

Sunday 12 May 2024

9PSB Sponsors Tech Entrepreneurs Conference, Inspires Startup’s Growth

9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial inclusion has encouraged the growth and development of more Information Technological startups by sponsoring the just concluded Kano TechPrenuer Conference. A Tech entrepreneur gathering was held at Meena Event Centre, Lodge Road, Kano.

Thursday 9 May 2024

Access Bank Group, Mastercard Expand Opportunities for Cross-Border Payments for African Businesses and Consumers

Leading multinational bank, Access Bank Group, has launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy. Through its cutting-edge Access Africa platform, Access Bank offers consumers and businesses instant, traceable, seamless, and cost-effective international transactions through the network and treasury capabilities of Mastercard Move. 

Tuesday 7 May 2024

Seamfix Raises $4.5 Million in Debut Funding Round to Drive Expansion Across African Markets

Seamfix, a leading identity solutions firm, has secured a significant $4.5 million investment from Alitheia IDF, marking its first institutional funding milestone. The strategic backing of capital is poised to propel Seamfix's expansion beyond Nigeria's borders and into other African markets.

Nike Retains Kit Supply Partnership With France Until 2034

Nike has inked a significant agreement with French soccer's governing body, extending its partnership to provide kits for both the men's and women's national teams until 2034. The US sportswear giant, which initially joined forces with the Fédération Française de Football (FFF) in 2011, will continue to outfit the French teams, ensuring their distinctive presence on the global stage.

See the list of nominees for 2024 African Banker Trophies

African Banker magazine has announced the nominees for the highly anticipated 2024 African Banker Awards, recognising outstanding individuals and institutions driving progress in the financial services sector across Africa. With a focus on business sustainability, gender equality, and banking infrastructure, this year's edition promises to showcase the continent's most innovative and impactful initiatives.

Industry Summit Advocates for Sustainable Marketing Practices to Drive Growth

The imperative of embracing sustainability in marketing took center stage at the recently concluded Industry Summit themed "Sustainable Marketing for Growth," held in Lagos. Addressing a diverse audience of industry experts and stakeholders, the summit underscored the urgent need for marketers to prioritize sustainable practices to secure a resilient future.

Nigerian Banks, PSPs to Commence Collection and Remittance of Cybersecurity Levy

In response to escalating concerns surrounding cyber threats targeting Nigeria's rapidly expanding digital economy, the Central Bank of Nigeria (CBN) has issued a directive mandating all commercial banks and Payment Service Providers (PSPs) to commence collection and remittance of a newly introduced cybersecurity levy.

Humanitarian aid workers need more flexibility when distributing relief, says Devex and Visa report

Visa, a world leader in digital payments, and Devex, the independent news organization covering development and humanitarian aid, have published a report showing international aid professionals believe a more flexible approach to aid delivery is needed, amid increasing geopolitical instability and climate change. 

Thursday 2 May 2024

Morocco’s first Radisson-branded hotel opens in Casablanca

Radisson Hotel Casablanca Gauthier La Citadelle opens its doors as the first upscale Radisson-branded hotel in Morocco. Situated in the heart of the vibrant Gauthier district in Casablanca, the thriving port city that fronts the Atlantic Ocean, the opening of Radisson Hotel Casablanca Gauthier La Citadelle marks Radisson Hotel Group’s second hotel in Casablanca and the ninth hotel opening in Morocco.

Europe-Africa Underwater Tunnel Project Gains Momentum, Envisioned for 2030 Completion

Plans are in motion for a historic project that could see Europe connected to Africa via a new 17-mile underwater tunnel, with an estimated cost of £5.1 billion.

BBC World Service Sheds Light on Journalism Challenges Amidst World Press Freedom Day

As the world commemorates World Press Freedom Day on Friday, 3 May, the BBC has revealed a concerning trend in the journalism landscape. The BBC report revealed that for the first time, over 300 World Service journalists—approximately 15%—are working in exile. This disclosure comes amidst World Service Presents, a three-day event series highlighting the courageous endeavors of journalists worldwide and shedding light on the state of media freedom globally.

Binance Co-Founder Changpeng Zhao Sentenced to Four Months in Prison After Plea Deal

Changpeng Zhao, the co-founder and former CEO of Binance, the world's largest cryptocurrency exchange, has been sentenced to four months in prison after reaching a plea deal on Tuesday. Zhao pleaded guilty to charges of facilitating money laundering at his crypto exchange.

DLM Trust Introduces Innovative Solution with the Launch of DLM Single Asset Trust

DLM Trust, a subsidiary of DLM Capital Group, has unveiled its latest offering, the DLM Single Asset Trust. Representing a groundbreaking evolution in trust services, the model provides individuals and corporations with a unique solution for safeguarding and managing their assets.

LG Electronics MEA Presents Innovative Home Entertainment Line-up at Showcase Event

LG Electronics, a global frontrunner in consumer electronics, recently convened its highly anticipated LG Showcase MEA 2024 at the prestigious Conrad Hotel in Abu Dhabi. Themed "Reinventing Together," the event served as a platform to unveil cutting-edge innovations and fortify relationships with stakeholders. Drawing an audience of over 500 distinguished guests, the event provided attendees with hands-on access to LG's latest product offerings.