Author: Editor

How to tap the potential of secondary cities: a Kenyan example

How to tap the potential of secondary cities: a Kenyan example

Features
Ben Leo, CEO Fraym Consumer-focused companies in Africa typically limit their focus to a handful of national capitals or major cities. This approach is understandable, given that these urban centers are dynamic economic and population hubs. Outside of these first-tier cities, actionable information becomes scarcer – and yet there are significant opportunities, particularly for companies looking to claim first-mover advantage for their specific product or service. Rural markets should never be overlooked for this reason, but there is another critical opportunity: the fast-growing consumer potential of Africa’s secondary cities. What defines a secondary city varies by study but a good ballpark description is a city with a population that is 10 to 50% of the nation’s biggest city – often
Aleph Hospitality Signs Deal with Marriott International to Manage the First Four Points by Sheraton in Liberia

Aleph Hospitality Signs Deal with Marriott International to Manage the First Four Points by Sheraton in Liberia

Business, Features
Four Points by Sheraton Monrovia to become first internationally-branded hotel in Liberia Pioneering hospitality management company, Aleph Hospitality (www.AlephHospitality.com), today announced the signing of a franchise agreement with Marriott International for the first Four Points by Sheraton (Four-Points.Marriott.com) hotel in Liberia. Located in the capital city, Monrovia, the hotel is due to become the first internationally branded hotel in the country upon opening in 2020 and will be managed by Aleph Hospitality under the Four Points by Sheraton brand.   The landmark property is ideally situated in the city’s central business district, adjacent to the United Nations mission and in close proximity to a number of government organisations and commercial offices. It w
We are in a race with time to unlock Africa’s full potential” – Akinwumi Adesina, 2019 Sunhak Peace Prize Laureate

We are in a race with time to unlock Africa’s full potential” – Akinwumi Adesina, 2019 Sunhak Peace Prize Laureate

Life
2019 Sunhak Peace Prize Laureate Akinwumi Adesina has pledged to do more to advance Africa’s fight against hunger, poverty and youth underemployment. The President of the African Development Bank (www.AfDB.org), and co-Laureate Waris Dirie, a global champion against Female Genital Mutilation, shared the prestigious US $1million dollar prize at an award ceremony held on 9 February 2019 in Seoul, South Korea. According to Adesina, “We are in a race with time to unlock the full potential of Africa.” Known globally for his dogged determination to reduce global poverty, Adesina declared “My life is only useful to the extent that it helps to lift millions of people out of poverty.” Adesina immediately announced he was donating his $500,000 share of the prize to fighting hunger in Africa. “T
Avanti partners MainOne to improve broadband penetration with converged solution

Avanti partners MainOne to improve broadband penetration with converged solution

Business, Innovation
The companies made this announcement on Friday at Nerds Unite, an annual IT conference hosted by MainOne Avanti Communications Group plc (Avanti) (AvantiPlc.com) a leading provider of satellite data communications services in Europe, the Middle East and Africa (EMEA) and MainOne (MainOne.net), a premier connectivity and data centre solutions company in West Africa, have signed an agreement to jointly improve broadband penetration across Nigeria by providing the latest KA-band based satellite communication services to enterprises located in remote areas of the country. The companies made this announcement on Friday at Nerds Unite, an annual IT conference hosted by MainOne. Such services are most critical for the Oil and Gas sector, and for the delivery of social and educational service...
From geeky tech to popular payment method: Kaspersky Lab finds one-in-ten people now use cryptocurrency

From geeky tech to popular payment method: Kaspersky Lab finds one-in-ten people now use cryptocurrency

Business
Cryptocurrency, often associated with ‘geeks’ or those looking to raise cash quickly, has turned into a popular payment method. According to a recent report from Kaspersky Lab (bit.ly/2Spbz7T), one-in-ten people (13%) have now used it to make a purchase. However, cybercriminals are also embracing this trend by targeting cryptocurrency exchanges and modifying old threats (bit.ly/2TjJI5s) to attack investors. This is leaving people at risk of losing their savings stored in this unprotected technology, as hackers develop sophisticated techniques to access funds. There are a growing number of businesses now offering cryptocurrency as a payment method, with retailers (bit.ly/2tVjMFd) and food outlets (bit.ly/2SrULgu) now accepting it. Prices are falling and major sports teams (bit.ly/2rC42py
Experts from around the world in Abidjan to adopt new guiding principles on the right to education

Experts from around the world in Abidjan to adopt new guiding principles on the right to education

Youth
This landmark text promises to be the new reference point for governments, educators and education providers when debating the respective roles and duties of states and private actors in education On 12-13 of February 2019, education and human rights experts will meet in Abidjan, Côte d’Ivoire, for the adoption of guiding principles strengthening the right to access free quality public education in the context of growing private actor involvement in education. This landmark text promises to be the new reference point for governments, educators and education providers when debating the respective roles and duties of states and private actors in education. The Guiding Principles unpack existing international human rights law on the right to education and outline practic
AfDB, ECOWAS seal $22m deal on Abidjan-Lagos highway

AfDB, ECOWAS seal $22m deal on Abidjan-Lagos highway

Africa
The African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS) have agreed to fast track the technical design to develop the proposed Abidjan-Lagos highway. The bodies have therefore signed a $22 million agreement on the design project. ECOWAS Commission President, Mr. Jean-Claude Brou, said in Abuja that the signing of the agreement was in line with the decision of the Presidents of Nigeria, Ghana, Cote d’Ivoire, Togo and Benin in 2014 on the construction of the highway. He explained that with the approval of the member states, the ECOWAS Commission forwarded financing requests of approximately 89 million dollars to several development partners, including AfDB and European Union to fund the technical and project preparation studies. Local media reports
Over $10 billon of Africa telecom, media and technology (TMT) infrastructure initial public offering (IPO) and mergers and acquisitions (M&A) deals predicted in 2019 as investor appetite and valuations grow

Over $10 billon of Africa telecom, media and technology (TMT) infrastructure initial public offering (IPO) and mergers and acquisitions (M&A) deals predicted in 2019 as investor appetite and valuations grow

Africa
TMT Finance exclusively reported last week on the US$1bn sale of South African data-centre firm Teraco Data Environments to US private equity firm Berkshire Partners TMT (telecom, media and technology) infrastructure mergers, acquisitions and fundraising in Africa is predicted to continue growing in 2019, as investment news provider TMT Finance (www.TMTFinance.com) predicts that transactions for the year will exceed $10 billion, due to increasing dealflow across the region and appetite from global industry and investors. TMT Finance exclusively reported last week on the US$1bn sale of South African datacentre firm Teraco Data Environments to US private equity firm Berkshire Partners. Teraco was reported to be valued at 22 times its 2018 EBITDA of US$40-45m, reflecting outstanding gro
Nestlé Waters Nigeria re-launches Nestlé Pure Life

Nestlé Waters Nigeria re-launches Nestlé Pure Life

Corporate Reports
The Nestlé Waters Nigeria on Monday joined its global community to unveil the new look of Nestlé Pure Life premium drinking water, Nestlé Pure Life. Speaking at the brand’s re-launch in Lagos, Mr Issa Rabie, Business Executive Officer, Nestle Waters Nigeria, said, “This unveiling marks the beginning of a new purpose for Nestlé Waters.” Rabie was represented by Mrs Gloria Nwabuike, Marketing Manager, Nestlé Waters, Nigeria, at the event tagged “Championing Pure Water for Healthier Generations’’. “This purpose is rooted in the belief that ‘water’ is the essence of life and should be valued, not taken for granted. “In line with this, Nestlé Pure Life is committed to responsible water stewardship and providing quality safe drinking water to support healthy hydration, making it easi
In Nouakchott, Economic Commission for Africa (ECA)’s Vera Songwe congratulates Mauritania on ratification of African Continental Free Trade Agreement (AfCFTA)

In Nouakchott, Economic Commission for Africa (ECA)’s Vera Songwe congratulates Mauritania on ratification of African Continental Free Trade Agreement (AfCFTA)

Africa, Business, Economy
In Nouakchott, Economic Commission for Africa (ECA)’s Vera Songwe congratulates Mauritania on ratification of African Continental Free Trade Agreement (AfCFTA)   In an audience with the President of the Islamic Republic of Mauritania Mohamed Ould Abdel Aziz held yesterday in Nouakchott, ECA’s Executive Secretary Vera Songwe congratulated Mauritania for having ratified the African Continental Free Trade Agreement (AfCFTA), as a major project for the region’s economic development. Mauritania is one of the first countries to sign the AfCFTA documents, this shows that its President and government are convinced of the importance of regional integration, said Songwe. Discussions with President Ould Abdel Aziz included strategic choices for ECA’s work in Mauritania and its coop