Category: Innovation

IMF / Sub−Saharan Africa’s Regional Economic Outlook

Growth in sub-Saharan Africa is expected to slow to 3.6 percent in 2023, as a “big funding squeeze”, tied to the drying up of aid and access to private finance, hits the region, announced the IMF today (Friday, April 14, 2023) in a press briefing. If no measures are taken, this shortage of funding may force countries to reduce fiscal resources for critical development like health, education, and infrastructure, holding the region back from developing its true potential “I wish […]

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Africa Finance Corporation acquires Aker Energy ahead of development of the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana

photo Africa Eco Race

Aker Capital AS, 100 percent owned by Aker ASA (together referred to as “Aker”), and The Resource Group TRG AS (“TRG”) have agreed to sell their shares in Aker Energy AS (“Aker Energy”) to AFC Equity Investment Ltd, a company owned by Africa Finance Corporation (“AFC”). Aker today holds 50.79 percent of the shares in Aker Energy, and TRG holds 49.21 percent. The management team of Aker Energy will remain unchanged and will work towards submission of the Plan of […]

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Iconic FIAT Brand Launches in Algeria

        Stellantis announces launch of six FIAT carlines coming to Algerian customers starting March 21: Fiat 500 Hybrid, Fiat 500X, Fiat Tipo, Fiat Doblò, Fiat Scudo and Fiat Ducato Investment contributes to development of the automotive sector in Algeria with a scaled plan covering manufacturing in Tafraoui – Oran of localized FIAT models and development of a robust sales and aftersales commercial network First wave of investments from Stellantis and its suppliers totaling over €200 million to […]

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Update on First BioNTainer for African-based mRNA Manufacturing Facility

BioNTech SE (Nasdaq: BNTX, “BioNTech”) reached the next milestone in the establishment of scalable mRNA vaccine production in Africa. The six ISO-sized shipping containers for the first BioNTainer have been flown to Kigali, Rwanda, where they have been welcomed by Sabin Nsanzimana, M.D., Ph.D., the Minister of Health of Rwanda and Sierk Poetting, Ph.D., Chief Operating Officer at BioNTech. Media material from today’s arrival of the containers and their unloading at Kigali International Airport is available here. In parallel, BioNTech […]

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Huawei and partners to boost digital inclusion in Uganda through DigiTruck project

DigiTruck will provide free digital skills training for more than 10,000 beneficiaries. Ugandan President H.E Yoweri Kaguta Museveni officially launched a new DigiTruck project in Uganda. The project will provide free training in digital skills for more than 10,000 beneficiaries over three years. Launched on March 8 at an event celebrating International Women’s Day (IWD) in Kiruhura District, the DigiTruck project is a part of Huawei’s TECH4ALL initiative, the company’s long-term initiative for driving inclusion and sustainability across the globe. […]

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Interview with CAKE’s Sinje Gottwald

What was your previous experience with motorcycle adventures? I have extensive experience with motorcycle adventures, having circumnavigated the world by motorcycle from 2017 to 2020. During this time, I traveled overland from Europe to Asia, explored Australia, made my way from South to North America, and traveled from Morocco to Mali, as well as completing several shorter motorcycle trips. When did you begin your journey across Africa? October 14th, 2022. What did you bring with you?The CAKE Kalk AP motorcycle, […]

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CAKE’s Sinje Gottwald completes first unassisted African continent crossing on an electric motorcycle.

AKE B2B Account Manager Sinje Gottwald has achieved a remarkable milestone in riding the longest distance ever on an electric motorcycle, after completing her 124-day journey along the West Coast of Africa on the CAKE Kalk AP. Starting from Spain and ending in South Africa, Sinje rode the entire journey completely unaided by technical or medical support. Faced with daily challenges ranging from the continent’s inclement weather and terrain, to her ability to charge the bike and the risks posed […]

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A New Step for Kenitra Site to Support Growth Plans for Middle East and Africa Region

At the occasion of meetings with the Moroccan Head of Government, the Minister of Industry and Trade, and the Minister Delegate to the Head of Government in charge of Investment, Convergence and Evaluation of Public Policies, Stellantis today announced an over €300 million investment in its Kenitra manufacturing facility aimed at doubling the site’s production capacity and launching the “smart car” platform. This enhanced capacity supports the Company’s growth plans for Middle East and Africa region, as it pushes to […]

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