Abidjan, Côte d’Ivoire, 29 March 2021 – The African Development Bank’s Fashionomics Africa initiative has named a women-led Kenya shoe design house as the winner of its competition to support producers of sustainable fashion. Pine Kazi, which converts pineapple leaf and recycled rubber into fashionable footwear, won the $2,000 Fashionomics Africa competition cash prize. In addition, the business […]
Eunice Kanyesigye, Build a robust human resource capability for sustainable business growth is every organization’s desire, to achieve its goals and vision. However, without understanding what a robust human resource is, an organization will only be doing rhetoric or at worst piling workload and setting unrealistic targets that may never be attained. It is equally […]
Addis Ababa 25 March 2021, On this day last year, Ethiopian Airlines operated its first cargo only service on a passenger aircraft with its Boeing B787-900. The flight departed on the 25th of March 2020 from Addis Ababa to Kinshasa carrying more than 16 tons of much-needed PPE and other shipments inside the cabin and the […]
Raghuram G. Rajan, CHICAGO – Digital payments are attracting growing interest, and eye-popping numbers abound, as demonstrated by the US payment processor Stripe’s recent $95 billion valuation. Why all the excitement, and why now? At one level, the reason is straightforward: digital payments allow buyers to pay sellers without physical currency changing hands. Though the technology has […]
Excerpts by Arjun Mallik, Managing Director Prudential East Africa. Historically the extended family is consulted to solve problems and unfortunately, that network is not as reliable as a result of COVID. As a result, organisations should provide support for employees as a routine aspect of their operations – if staff are cared for, the wider […]
Leading power distributor Umeme navigated a challenging year to register profit for its shareholders amidst a tough COVID19 operating environment and the regulatory lag in recovery of outstanding income. Although the profits declined, the giant utility managed to complete its capital investment programme of $75m (about sh279b) to improve the network distribution capacity, supply reliability […]
The new Africa Centre of Excellence for Sustainable Cooling and Cold Chain (ACES) has taken a major step forward in Rwanda with a $3.5 (£2.4 million) million funding boost. The UK Government’s Department for Environment, Food & Rural Affairs (DEFRA) earmarked this contribution for the Centre’s design and technology kit-out, supporting the work of British universities (Birmingham, […]
By Zuneid Yousuf, Chairman, African Green Resources, 2021 presents a year of opportunity for sustainability in Africa. It is an undeniable fact that 2020 was a challenging year for all of us. We collectively faced and managed a host of unprecedented challenges brought on by the COVID-19 pandemic, which required a total reset of our […]
Abidjan, 23 March 2021 – The Government of Canada and the African Development Bank have signed an agreement formalizing the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change-related projects with a strong gender-responsive component. The fund will be capitalized through a combination of CAD 122.9 million ($104.8 […]
Power distributor Umeme has launched country-wide operations against suspected electricity thieves. This follows a rise in energy losses from 16.4% in 2019 to 17.5% 2020. The increase is attributed to the suspension of drives against illegal connections following the Government-imposed lockdown in March through June 2020 to check COVID-19. Now that the restrictions are eased, […]
Cairo/Kigali/Addis Ababa, 22 March 2021: – The second Intra-African Trade Fair (IATF2021) is now set to take place from 8 to 14 December 2021. African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda have decided to shift the date of the continental trade fair, which was previously scheduled to hold from […]
Ramla is a seasoned Banker with significant industry-wide experience in corporate and SME business development, having worked in financial services for over 13 years. She also has vast experience in strategy formulation and implementation, relationship management, credit risk management and structured financing, among others. She joins KCB Bank from NCBA Bank (formerly NC Bank) where she was […]
Uganda, 21 March 2021, Passengers travelling to Dubai via Emirates can now enjoy special fare and an additional piece of baggage from 24 March to 30 June 2021*. And when you fly First Class or Business Class, you also get a night’s stay at JW Marriott Marquis for free. With flexible booking options and free multi-risk travel […]