60
Outlets are set to be opened in Kenya and Uganda by US pizza chain Papa John’s in 2022. These new outlets will be the pizza chain’s first entry into the sub-Saharan African market as it seeks to reinforce its global momentum as a brand.
(Business Daily)
$1.1 million
Secured by Senegal’s Fleeti startup, which specialises in the administration of vehicle fleets in Africa. This financing, led by early-stage investor Newfund, will go into expanding the firm's reach into new markets and speed up technological developments of its solutions.
(Tech Build Africa)
328%
Jump in profit after tax recorded by Absa Bank for the period ending in September 2021. Despite the negative effects experienced due to the ongoing pandemic, Absa’s business units remained profitable and registered growth in key lines.
(CEO Business Africa)
$150 million
Funding secured by ETC Group Limited from Africa Development Bank Group to address the company’s working capital requirements and boost its food production expansion plans across 10 countries in Africa and support smallholder farmers.
(East African Business Week)
2200 tonnes
Daily crushing capacity by Salima Sugar company in Malawi on the back of newly procured equipment. The figure represents a doubling of output by the company to help meet domestic demand.
(Business Malawi)
3000
New public primary and secondary schools the Zimbabwean government is planning to build by 2025. These new schools will be constructed in a span of four years and this will help prevent children walking long distances to attend class.
(New Zimbabwe)
$4 billion
Equity Bank, in collaboration with 37 partners that include UN agencies and development finance institutions, has developed a plan to accelerate post-COVID-19 economic recovery in the East and Central African region through a private sector-driven $4.68 billion stimulus package.
(The East African)
34.6%
Africa's growth in international freight cargo volumes in September, the highest rate compared to any other region in the world, as airlines continue to recover from the impact of COVID-19, according to data from the International Air Transport Association (IATA).
(Business Daily)
1 Gbps
Capacity of Ivorian telecommunications operator VIPNET after an upgrade from MainOne raised it from 155 Mbps. The Nigerian IT firm partnered with VIPNET as its first local ISP partner in Cote d'Ivoire last year.
(Proshare)
51%
Female business owners on the Jumia platform in Kenya, according to the firm's Africa E-commerce Index 2021. Women represent the same proportion of sellers in Nigeria, another of Africa's leading e-commerce markets. Jumia's CEO cited online retail as being 'inherently female-entrepreneur friendly'.
(CapitalFm)
$300 million
Investment planned by Orange, the French multinational telecommunications company, in Egypt in 2022. This was announced during a meeting between several Egyptian emissaries including Prime Minister Mostafa Madbouly and representatives of a group of the largest French companies held on Monday in Paris.
(Egypt Today)
4,000 tonnes
Annual capacity of Sierra Leone's first cocoa processing plant. The facility, launched by Capitol Foods, one of the country's leading agribusinesses will produce cocoa paste for export, sourcing beans from a network of over 2,800 farmers.
(Food Business Africa)
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