Eric Kalala Nsantu is the new Chief Executive Officer of Bolloré Transport & Logistics in the DRC. Having been Managing Director of the Congolese subsidiary since 2019, he now succeeds François Kaniki, who was Chair of the Board of Directors at Bolloré Transport & Logistics for more than ten years. Eric Kalala Nsantu has strong experience in financial management and mining logistics. He is a...

The United States development financial institution IFC together with FMO, the Dutch entrepreneurial development bank, today announced a loan of $50 million to I&M Bank Ltd. Of the total amount invested, IFC is committing $30 million while FMO provides $20 million. The financial services company will use the money to strengthen its regulatory capital position, which will in turn...

Dubai Chamber, in preparations to host the 6th Global Business Forum Africa in Dubai next month, released its analysis on exports and re-exports to west Africa. The data shows that the Dubai Chamber member companies’ exports and re-exports to the region surged 42% in the first five months of 2021 to reach a record of $387 million. This rise is typically boosted by a recovery in trade...

Building on a 25-year relationship, Bolloré Transport & Logistics and supply chain services company Czarnikow are collaborating to support Bolloré Transport & Logistics’ sustainable development in East Africa, through the VIVE Sustainable Supply Programme. VIVE is designed to create fully sustainable supply chains in which all actors commit to sustainable improvement.   Through its...

Between 2014 and 2016, Guinea suffered the world’s deadliest Ebola epidemic since 1976. Now that the country is once against facing a major health crisis, namely the Covid-19 pandemic, another Ebola-like virus has been detected on its territory. Authorities in Guinea reported last August 9 the first case of Marburg virus infection in the country. The World Health Organization (WHO) confirmed...

Moove, an African mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa has raised $23 million in a Series A round. Speedinvest and Left Lane Capital were the lead investors, with participation from DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Spartech...

Jihadist attacks in Mali have gained ground since 2012 despite counter efforts. The latest deadly attacks, for which no one claimed responsibility, happened in four localities in Gao, Northeast region, last August 8. They claimed at least 51 lives, as reported by Colonel Souleymane Dembélé, spokesperson of the national army. “Terrorists entered the villages and wreaked havoc,” a security...

The World Bank has disbursed a total of $371 million to support the Chadian economy since January 2020. The resources mainly target the fields of education, refugee management, the rural world, agriculture, and healthcare, but the Covid-19 response plan received the largest share. “While efforts focus on addressing Covid-19, there is a high risk of weakening the whole health system and...

GKSD responded to a call for assistance from His Excellency Ahmed Boutache the Ambassador of Algeria to Italy, with 12 palettes of PPE and oxygen concentrators. Yesterday, Algeria received a generous donation of antiCovid medication and equipment. In Algeria, from 3 January 2020 to 4 August 2021, there have been 175,229 confirmed cases of COVID-19...

Naspers, through its investment vehicle, Naspers Foundry, has led a $11 million Series ‘A’, fund raising round in Naked; South Africa’s first fully digital insurance platform offering comprehensive and instant cover for cars, homes, contents, and standalone items. The funding round saw participation from existing Naked investors; Yellowwoods, and Hollard. Since May 2020,...