Business

Nissan automobile, in partnership with Japan Motors Trading Company Ltd. (JMTC), has put plans in motion to set up a vehicle assembly plant in Tema, Ghana. This agreement between JMTC and Nissan is borne out of a long term business partnership between the two companies, with the JMTC being the local partners. The establishment of the vehicle assembling plant is...

A few days after my last column on Africa, COVID-19 and the disruptive concept of work, I saw a screaming headline from a Time Magazine news article on the 7th of May, 2020: “South Africa Parliament Video Call Hacked With Explicit Images“. The South African Parliament, like most parliaments in the world, switched to virtual meetings, in respect for the...

Stripe, a US-based payments giant, is venturing its business into Africa by obtaining Lagos-based payments firm Paystack in an arrangement supposedly worth more than $200 million. Established in 2015 by Shola Akinlade and Ezra Olubi, Paystack tackled online payments in Nigeria. Via seamlessly interfacing all multi-channel payment alternatives with traders nationwide, it empowered them to acknowledge payments from around the globe...

Through the Standard Chartered Foundation, the Standard Chartered Bank in Uganda has unveiled a Shs 750 million cash program to support and encourage 600 youths in agribusiness as part of the 'Futuremakers By Standard Chartered' Initiative. The programme was unveiled at the Kampala Serena hotel by the Minister of Agriculture, Animal, Industry and Fisheries, Vincent Ssempijja, and it is expected...

The leading pan-African banking group, Ecobank, (www.Ecobank.com) has won the coveted prize of Africa's Best Bank for Corporate Responsibility in the Euromoney Awards for Excellence 2020. Euromoney recognises Ecobank's focus on sustainability and partnerships and its core capabilities in delivering positive social and environmental outcomes across Africa. Carl Manlan, Chief Operating Officer of the Ecobank Foundation, said: "At Ecobank we...

Warren Buffett gave Berkshire Hathaway Inc. shares valued at about $2.9 billion to charities including the Bill & Melinda Gates Foundation as part of his annual plan started more than a decade ago. The nearly 16 million Berkshire Class B shares were donated to a total of five philanthropies, including ones run by his children, according to a statement Wednesday. Buffett has given more...

Japanese automotive group Nissan is to set up a new regional business unit for Africa as it seeks to boost manufacturing capacity and infiltrate one of the world’s biggest undeveloped new vehicle markets. The move denotes a revamping of the company's disparate operations on the continent bringing them inside one entity headed by Mike Whitfield. He has previously served as...

EgyptAir said it will restart flights to Doha starting Monday; only a few days after Egypt officially lifted a three-and-half-year airspace ban on the Gulf country. In an official statement on Thursday, EgyptAir said it would operate a daily flight between Cairo and Doha starting 18 January. The flight scheduled to take off from Cairo at 9 am and the...

General Electric (GE) has announced the appointment of Nyimpini Mabunda as the Chief Executive Officer for Southern Africa. In this role, Nyimpini will lead GE's growth in the region and drive alignment across its Power, Healthcare, Aviation and Renewable Energy businesses. He will also drive GE's BBBEE roadmap and processes in South Africa. With a career spanning 23 years, Nyimpini...

Britishvolt, the UK's foremost investor in battery technologies, has announced the appointment of Ray Macera as Project Director for the construction and implementation of Britain's first battery gigaplant. Macera, who is reporting directly to Britishvolt CEO, Orral Nadjari, leads one of the largest industrial investments in British history. The gigaplant will produce world-leading lithium-ion battery technology for the automotive and...