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Egypt: Ride-hail companies enjoy growth

The Middle East and North Africa are relatively new markets for ride-hail companies like Uber and homegrown player Careem, but in the past year both companies have seen incredible growth across the region — specifically in Egypt. Jambu Palaniappan, Uber’s general manager of Eastern Europe, Middle East and Africa is confident that after Uber invested $250 […]

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Nigeria: Stakeholders welcomes Lottery Sector regulation

The National Lottery Regulatory Commission, the Union of Lottery Agents and Employees and the Bookmakers Association have endorsed moves by the government to regulate lottery and gaming related activities, in order to move the lottery industry in Nigeria to the next level of development and growth. As a first step, the stakeholders agreed that cooperation […]

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South Africa: Starbucks opens up Shop

On its first day in sub-Saharan Africa, Starbucks supplied blankets and umbrellas along with free coffee samples to its new customers who lined up in at her opening day. It has taken Starbucks years to get to South Africa, but some consumers have taken the coffee giant’s entry into the local market as a reaffirmation of […]

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Nigeria: Local operator Air Peace to fly China-Direct route

Chairman of Airline company, Air Peace, Allen Onyema has announced to the general public that it has been named as Nigeria’s official flag carrier. He made this information available to newsmen at the Enugu Economic Summit. The chairman said the airline will operate direct flights to China. Onyema also highlighted the economic benefits, with the […]

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Uganda: Manufacturer capitalizes on Raw material abundance

Sam Turyatunga was studying food science at Uganda’s Kyambogo University when he decided to start a juice manufacturing business. He saw an opportunity because of the large number of fruits, such as bananas, that were selling at throwaway prices. “Uganda is a banana country,” says Turyatunga, founder and director of Tursam Investments. “Everywhere you go you […]

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Africa: East Africa is benefitting New Business Deals

Standard Bank is facilitating business development between clients from the East Africa region and South Africa through its 2016 East Africa Trans-Regional Conference in Kenya. The conference will provide delegates with an overview of commerce and industry in East Africa, while presenting opportunities for access to the market and business development. Over three days, 70 […]