IFC, a member of the World Bank Group, and Absa Group Limited, a South Africa based bank, acting through its Corporate and Investment Banking division (Absa), will provide a commodity trade finance facility to Singapore-based Valency International Pte Ltd, a key player in Africa’s agricultural commodities market, to support the company’s pre-export of agricultural commodities
By: Warren Brett Cluster Executive, SEA Region, Smollan Tanzania African beverage trends are driven by innovation and culture. From the cherished rituals of traditional tea and coffee to the emerging popularity of carbonated soft drinks and fruit juices. Africa’s beverage market is evolving rapidly, reflecting changing consumer preferences and the impact of various socio-economic factors.
With foreign exchange shortages plaguing sub-Saharan African economies, Bank One’s Head of Trade, Gerald Ndosi, explains what measures can be taken to overcome US dollar liquidity challenges, promote trade finance, and foster sustainable economic growth in the region International Trade is conducted in the currencies of major economic powers, largely the US dollar, European Union
By Marius Wessels Manager: Professional Services for SYSPRO Africa Food goes to waste at every stage in the food manufacturing and distribution process – from farming and production to packaging, storage, distribution, retail and finally, once it reaches consumers. According to the Food and Agriculture Organisation of the United Nations (FAO), globally we lose or
Exploring innovation coupled with cutting-edge tech is on the up as brands and retailers consider what, when and how to ride the new wave of consumerism in Africa. With the future of digital retail in Africa an exciting and ever-changing landscape. Africa Overview Customer expectations are forcing retailers to reassess the service they provide, not
“It is time for Africa. It is time for Africa to harness its people, its resources, and its resilience for the betterment of all. It is time for large corporates and public sector entities to open up their supply chains for the betterment of local businesses. It is time for financial institutions to support this
Bolt, the leading mobility app in Africa, has announced plans to invest €500 million in its operations on the continent over the next two years. The funds will be used to expand Bolt services in Africa and create opportunities for over 300,000 new drivers and couriers to join the platform in 2023. Having launched in
According to Boston Consulting Group (BCG), Africa’s informal retail sector accounts for more than 70% of food, beverage and personal care products provided to consumers across the continent. However, despite their importance, local informal shops throughout Africa have been consistently held back for decades by a host of major challenges including frequent stockouts, limited access
Africa’s Largest B2B E-Commerce Network Becomes Official Private Sector Ambassador for “Silicon Zanzibar” Initiative Wasoko, the African e-commerce company leveraging innovative technology to transform the informal retail supply chain, has announced the official launch of the “Wasoko Innovation Hub” in partnership with the Zanzibar government. Located in Fumba Town, Zanzibar, the new Hub will focus on
Bhandari has 18 years’ experience of driving growth of the Nestlé business Nestlé has appointed Arvind Bhandari as the new Cluster Head for East and Horn of Africa, which forms part of Nestlé East and Southern Africa Region (ESAR). In this role Bhandari will manage operations in Kenya, Tanzania, Ethiopia, Djibouti, Eritrea, Somalia, South Sudan,
Nomanini (https://Nomanini.com), a fast-growing fintech platform in Africa, has today announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa’s informal retailers at scale. StockNow, an easy-to-use app for retailers developed by Nomanini, makes it possible for informal micro and small retailers to
Starbucks brings the sustainability theme right home with the simultaneous launch of our partnership with the inspirational Reel Gardening initiative. Reel Gardening produces a biodegradable seed tape planted straight into the ground to improve the chances of a vegetable seedling. With a similar ethos to Starbucks, Reel Gardening uses its products and expertise to make
The country has made strides to tackle hunger and malnutrition, although Childhood undernutrition remains a public concern at an estimated 40 percent Tanzania, like other countries in the world, has committed to achieve Sustainable Development Goal 2 “end hunger, achieve food security and improved nutrition and promote sustainable agriculture” by 2030. The country has made
Through its Local Finance Initiative (LFI), UNCDF supported Maswa DC with a US$ 100,000 seed capital grant to cover the cost of connecting the factory to the national grid electricity Maswa District Council (DC) is among the six districts of the Simiyu region, the second poorest region in Tanzania with a population of 377,292 people
Africa can be a challenging place to do business from infrastructure issues, complex compliance, fragmented markets and dispersed populations and particularly post pandemic, harder lives for ordinary people. One cannot ignore those who have gone before with Massmart announcing earlier this month the sale of Game stores in Kenya, Nigeria, Ghana, Uganda, and Tanzania, citing
Associations from both countries will engage Government Representatives in talks Manufacturers from Kenya and Tanzania shall meet from Today, (7th July) to Friday (9th July) to deliberate on trade promotion and market access between the two countries. Food and Beverage, Edible Oils, Chemicals, Automotive, Leather and Footwear sectors are some of the manufacturing sectors that shall participate in the trade mission, hosted
Data top-up (76%), clothing (59%) and computer equipment (49%) top the virtual shopping list in Tanzania Top learning experiences include learning a managing their banking needs online, managing their healthcare needs and getting their medicine online. Social media has become an integral platform for connecting consumers to online businesses Secure checkout experience recognized as fundamental
Partnership is a game-changer in enabling contactless acceptance for smaller merchants across the continent phos, the fintech behind the first-ever software-only Point of Sale (SoftPOS), and Stanchion Payment Solutions, a global specialist in payments systems and integration, today announced that they have partnered to help payments processing companies and banks to accelerate time to market
Innervation Pan African Payment Solutions (Innervation) has announced the acquisition of an African loyalty business, The Loyalty Box from Tritech Media. Innervation forms part of Crossfin Transactional Solutions (CTS), South Africa’s largest independent payments and merchant acquiring solutions platform. Under the terms of the deal, Innervation has acquired The Loyalty Box business for an undisclosed
Vivo Energy plc is pleased to announce the completion of the transaction with Engen Holdings (Pty) Limited, previously announced on 18 September 2018. The transaction adds operations in eight new countries and 230 Engen-branded service stations to Vivo Energy’s network, taking its total presence to over 2,000 service stations, across 23 African markets. The new
Africa’s economy has seen modest growth in the wake of falling commodity prices, slowing revenues and volatile currencies. The moderation in growth impacts a range of industries and sectors, including retail and consumer products that must contend with rising costs, and a fall in prices. Despite the decline in growth, the long-term outlook remains positive.
Zara’s global women’s men’s and kids’ collections will be available online for the first time to customers in Angola, Cameroon, Congo, Ivory Coast, Senegal, Kenya, Mali, Mozambique, Namibia, Tanzania, Madagascar, Zimbabwe and Ghana, among others. Zara will launch online sales through a dedicated worldwide online platform, thus bringing its fashions to customers in 106 new
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