March 31 2022

Africa in Review by the Numbers (March 2022)

Review by Kili Partners . Powered by Asoko Insight

$40 million
Five-year fund launched by PepsiCo in South Africa to boost job opportunities and increase local procurement through shared value solutions that will enhance sustainable food system.
(Food Business Africa)

Stake in Jubilee General Insurance's Burundi subsidiary acquired by global insurer Allianz SE. The sale is part of the Kenyan parent firm's  agreement to sell majority stakes in its general insurance subsidiaries across five markets.
(Business Daily)

Tour operators in Tanzania voted No to a proposal to build a cable car on Mount Kilimanjaro, citing environmental, economic and employment concerns over the project, which is still at a conceptual stage.
(The Citizen)

$200 million
Credit approved by the World Bank from the International Development Association to boost Cameroon’s agricultural production. This new project seeks to strengthen irrigation services in the country.
(Food Business Africa)

120 MWp
Solar photovoltaic plant to be constructed in Gabon by Solen Energy to help solve the problem of load shedding. The facility will be commissioned in two phases for the public power company
(Africa Energy Portal)

New buses expected in Tanzania this year to help reduce passenger congestion at the BRT terminals. This brings the number of buses operating in the first phase of BRT project to 305.
(The Citizen)

$2.5 billion
Dangote fertiliser plant commissioned in Nigeria to help boost production of agricultural products. The plant is projected to produce 3 million metric tonnes per year and shield the West African country from food shortages that may arise from the Russian-Ukraine war.
(The Guardian)

87 MW
Independent power producer located in Kenya has been acquired by A.P. Moller Capital to enable the fund manager to participate in the country’s energy transition efforts. This will be the second power plant owned by the company, resulting in a combined capacity of 140 MW.
(CEO Business Africa)

Additional African startups added to the Y Combinator W22 Batch, bringing the total number to 23. This is the largest cohort of African participants, up from 15 in the S21 group, which was itself a record.
(Tech Build Africa)

Review by Kili Partners . Powered by Asoko Insight