Newsfeeds Africa Business Communities

1. Global car sales revenues to plunge by $200 billion in 2022, report

   According to data presented by AugustaFreePress.com, with rising costs and low inventory plaguing the industry, global car sales revenues are expected to plunge by $200bn this year.

2. [South Africa] Impala Rustenburg invests in business development hub targeting MSMEs in mining

   From this multi-functional venue, Impala Rustenburg will provide SMMEs with services including enterprise and supplier development, assistance with market access and funding facilitation, as well as various shared business facilities.

3. Uganda Bureau of Standards launches new laboratory to enhance quality standards

   The Mbale Laboratory is part of three regional laboratories that UNBS has set up outside of the capital in an effort to decentralise its services and make them more accessible to traders.

4. The Presidential Employment Stimulus reaches one million South Africans

   The Presidential Employment Stimulus (PES) has – since its launch in October 2020 – created opportunities for over 1 million direct beneficiaries across South Africa.

5. World’s tallest timber apartment tower to be built in Zanzibar

   The design of the mixed-use apartment and commercial building, in a playful beehive style with breathtaking ocean views, was unveiled to the public in Muscat, Oman on 1 October.

6. IATA and ITC join forces for cross-border trade

   Through the agreement, ITC and IATA will cross-link their information offerings, including data, to expand access to strategic information for trade and cargo professionals.

7. [Kenya] KAM, Agrochemicals Association partner to manage hazardous waste

   Kenya Association of Manufacturers (KAM) and Agrochemical Association of Kenya (AAK) have signed a Memorandum of Understanding (MoU) to support the establishment of the Kenya Hazardous Waste Producer Responsible Organization (KEHAPRO) Initiative.

8. Binance boosts its global law enforcement training programme to meet growing demand

   The programme—the industry’s first coordinated effort across the globe—was created by Binance to help law enforcement and prosecutors detect financial and cybercrimes and to assist in the prosecution of bad actors.

9. [Kenya] UN Economic Commission for Africa inaugurates LAPPSET Business Council

   The UN Economic Commission for Africa (ECA) recently spearheaded the establishment of the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) Business Council to facilitate the participation of the private sector in the implementation of the corridor programme.

10. MEA electric bus market to reach $1 billion by 2028, report

    Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles.