#Africa

Africa

AD Ports Group, Africa Finance Corporation ink deal

The two organisations aim on identifying, developing and investing in ports, warehouses, maritime and logistics infrastructure projects across Africa

Gitex Global: Hub71 and GetFundedAfrica to fundraise support for startups

Gitex Global: Hub71 and GetFundedAfrica to support growth of tech startups

Qualifying startups from Abu Dhabi and Africa to gain guidance, resources and support to setup, scale and raise funding in new markets

Gitex

Gitex to launch Africa edition in 2023

Gitex Africa marks first international venture for the mega tech showcase, in partnership with Morocco’s Digital Development Agency

Saudi Arabia’s foreign minister and the secretary general of the Digital Cooperation Organization in Riyadh

Digital Cooperation Organization to establish HQ in Riyadh

Saudi Arabia, Bahrain, Cyprus, Djibouti, Kuwait, Morocco, Nigeria, Oman, Pakistan, Jordan and Rwanda are member states of the organisation founded to drive collaboration in digital transformation

Africa

McKinsey sees Africa fintech sales surging eightfold by 2025

Financial services revenues in Ghana and francophone West Africa will enjoy the fastest growth, with Nigeria and Egypt the next quickest

dubuy.com adds Al Ain Farm products to its offerings

Al Ain Farms to offer dairy products in Africa through DP World’s DUBUY.com

Dubuy.com connects 10,000 registered customers to 2,000 registered vendors and facilitates the trade of 1.4 million products on a daily basis

CAFU partners with Dubai Cares

CAFU, Dubai Cares partner to build school in Malawi

CAFU aims to raise Dhs154,000 in donations to help construct and run a primary school with two classrooms in one year.

Dubai Chambers

Dubai Chambers welcomes over 1,600 new African companies since October 2021

Dubai International Chamber operates four representative offices in Kenya, Ethiopia, Mozambique and Ghana

Biomass. emissions

First African emissions reduction credit platform unveiled

The platform, to be known as CYNK, will use the Hedera Hashgraph public decentralised ledger to track emission reductions

EFG HERMES - gcc economy - sector

UAE, London IPOs planned for Africa Finance’s infrastructure projects

The Nigerian banking group aims to combine assets in renewables, ports and industrial parks and offer them to investors through initial public offerings

Standard Chartered closes transition trade facility

StanChart plans to exit seven markets in Africa, Middle East

The markets it plans to exit made up about 1 per cent of total group income in 2021

Dubai’s Averda secures $45m investment from US firm to develop recycling facilities

The waste and recycling company will use the investment loan to develop and set up plastic recycling facilities in Africa and India

Emirates

Emirates to restart Dubai-Casablanca flights

The airline will resume services on the route starting Tuesday, February 8

UAE flights

UAE lifts restrictions on flights from 12 African countries

It has also updated the entry measures for travellers coming in from three other African countries: Uganda, Ghana and Rwanda

UAE launches Etihad 7 programme to fund renewable energy projects in Africa

The programme aims to supply clean electricity to 100 million people by 2035

Emirates

Emirates suspends flights between Dubai and six African destinations

The airline will operate one-way flights from Dubai to six other countries

Emirates dubai

Emirates suspends entry of passengers from 10 African countries to Dubai

Outbound passenger operations from Dubai to these destinations will remain unaffected

vfs

Saudi suspends flights to and from seven additional African countries over Omicron

The kingdom has banned flights to and from 14 African countries in total, including Seychelles and Mauritius

Dubai’s Emirates to resume services to Algiers

The resumption of flights to Algiers will boost the carrier’s African network to 21 destinations

Uganda Airlines chooses Dubai as first destination outside Africa

The carrier is operating direct services between the Ugandan capital and Dubai three times a week

Abu Dhabi’s Hope Consortium, Astral Aviation sign deal to boost vaccine distribution in Africa

The alliance will ensure delivery of vaccines and critical supplies to all 54 African nations

Dubai’s flydubai to commence operations to Hargeisa

Flydubai will become the first carrier to operate to Hargeisa from Dubai

UAE startup Pawame secures $2.5m, launches $5m Series A round for expansion in Africa

Pawame offers a portfolio of solar home systems in remote areas of Kenya on a micro-financed basis

Spotify to add 85 new markets with 1 billion people

Spotify is the largest paid music service in the world, and has become the single biggest source of revenue for the recording industry

Qatar Airways adds flights to Africa as carrier expands network

Its network currently stands at 120 destinations, with plans to reach 130 routes by the end of March

How the regional wealth management model is set to evolve?

The adoption rate for digital wealth management solutions has increased dramatically during the pandemic

Dubai’s Emirates to resume passenger services to Lusaka

The resumption will boost the airline’s global network to 79 cities, beginning next month

Dubai’s Emirates to resume flights to four more cities

The carrier’s passenger network will grow to 62 destinations in August

Flydubai to resume regular flights from July 7, aims to fly to 66 destinations by summer

The airline has opened bookings to 24 destinations

Prince Alwaleed

Alwaleed Philanthropies allocates $30m to combat the virus

The funds follow Prince Alwaleed’s move to make available many of his assets to support the kingdom’s efforts against the pandemic