Newsfeeds Africa Business Communities

1. TradeMark East Africa rebrands to TradeMark Africa

   TradeMark East Africa has officially rebranded to TradeMark Africa (TMA) following all necessary regulatory approvals in most countries of operations across the East, Southern and Horn of Africa region.

2. [Kenya] KAM, IDH partner to drive textile and apparel industry competitiveness

   Speaking during the partnership launch, Principal Secretary, State Department of Industry, Dr. Juma Mukhwana appreciated the role of the Textile and Apparel sector in driving the country’s economic growth.

3. EABC calls for an EAC single air transport services agreement to lower the cost of air transport in the region

   Limited infrastructure, lack of standardized regulations and high air transport costs are among the challenges affecting the air transport sector in EAC.

4. Ethiopia and the World Bank sign financing agreements worth $745 million

   The first Grant Agreement amounting to 445 million US dollars will finance to implement/ Program for Results (hybrid) for Strengthening Primary Health Care Services. And the second 300 million US Dollars Grant Agreement will be used for the implementation of Flood Management Project.

5. Africa will have 57 million pay TV subscribers by 2028, report

   About 16 million pay TV subscribers will be added in Africa between 2022 and 2028 to take the total to 57 million. This is according to the latest report by Research and markets.

6. [Rwanda] Adam Bradford Agency launches entrepreneurs’ hub targeting youth

   The centre aims to provide entrepreneurship skills training, leadership development and engaging opportunities for young aspiring entrepreneurs from rural areas

7. The Water Project deepens its commitment to clean water in Vihiga county, Kenya

   On January 20th, the County of Vihiga in Western Kenya signed a Memorandum of Understanding with The Water Project, a U.S.-based NGO building sustainable water projects to bring clean, safe, and reliable water to the communities of Vihiga County.

8. EAC launches the Verification Mission to assess Somalia's readiness to join the Community

   The verification team comprising of experts from the EAC Partner States shall be in Somalia from 25th January to 3rd February, 2023, to establish the country’s level of conformity with the criteria for admitting foreign countries as provided in the Treaty for the establishment of the EAC.

9. Disruptive Gen Z, digitization to define global consumer trends in 2023, report

   Euromonitor’s annual report aims to help organizations stay ahead of disruption, predict consumer shopping motivations and fulfil unmet consumer needs.

10. Sustainable mobility startup eWAKA receives 500,000 CHF loan to accelerate growth

    Given the transportation sector is the second highest contributor to greenhouse gas emissions, the urban logistics sector in Africa and across the globe urgently needs to adopt new technologies and business models to fight climate change, which disproportionately affects African countries.