Browsing: Nigeria

Airtel Africa Nxtra
  • Airtel Africa has launched Nxtra by Airtel (“Nxtra”), a new data center business, as demand for data centers continues to rise across the continent.
  • Nxtra aims to build one of the largest networks of data centers in Africa, with high-capacity data centers strategically located in major cities across Airtel Africa’s footprint, complementing its existing edge sites.
  • Airtel Africa’s Group CEO, Segun Ogunsanya, said that a rapid increase in data center capacity is needed to support the growth potential of Africa’s digital economy.

Airtel Africa has launched Nxtra by Airtel (“Nxtra”), a new data center business, as demand for data centers continues to rise across the continent.

Nxtra aims to build one of the largest networks of data centers in Africa, with high-capacity data centers strategically located in major cities across Airtel Africa’s footprint, complementing its existing edge sites.

Airtel Africa’s Group CEO, Segun Ogunsanya, stated that a rapid increase in …

Bluewave insurance
  • Kenya’s Bluewave Insurance Agency has announced plans to raise $6 million to expand into five new African markets to increase insurance penetration in markets characterized by low uptake.
  • Company Founder and CEO Adelaide Odhiambo says the investment would be raised over the next three years.
  • The insurer is partnering with Mobile Network Operators and banks to distribute affordable micro-insurance products, with plans to enter Uganda, Nigeria, Ethiopia, Malawi, DRC, Tanzania, Rwanda, and Zambia.

Kenya’s Bluewave Insurance Agency has announced plans to raise $6 million as the firm seeks to expand into five new African markets, aiming to increase insurance penetration in regions characterized by low uptake. Adelaide Odhiambo, Founder and CEO of Bluewave Insurance Agency, stated that the investment would be raised over the next three years to support the expansion plans.

Bluewave Insurance Agency’s new target markets

The company has forged partnerships with large aggregators, specifically Mobile Network Operators …

Severe malaria

A groundbreaking initiative, the SEMA ReACT (SEvere MAlaria treatment with Rectal artesunate and Artemisinin-based Combination Therapy [in remote settings]) consortium, marks a fresh collaboration between Africa and Europe. This study addresses the knowledge gap surrounding an intervention designed to provide a critical time buffer for seeking additional care in remote settings where transferring to health facilities is difficult.…

African startups

Africa has today emerged as a fertile ground for groundbreaking startups. As 2024 approaches, the continent’s startup scene is buzzing with activity, marked by impressive funding rounds and strategic expansions. This trend is a fleeting moment and a testament to African entrepreneurship’s resilient and dynamic spirit.

The Exchange Africa spotlights five startups thriving and redefining the business landscape in their respective sectors. From renewable energy solutions in the Democratic Republic of Congo to digital health platforms in Kenya, these companies embody the ingenuity and potential of Africa’s business ecosystem. They attract significant investment and are poised to substantially impact their communities.…

African Oil & Gas
  • The Russian invasion of Ukraine has proved highly disruptive to world energy markets.
  • There is still a distance between Africa and the rest of the world in terms of what the continent can do to establish closer ties to energy markets in Europe and elsewhere.
  • Now is the time to offer tax incentives, fast-track projects, show more transparency in processes, and do everything possible to minimize investor risk.

It’s undeniable that the Russian invasion of Ukraine proved highly disruptive to world energy markets. This geopolitical clash led to the imposition of Western sanctions on the export of Russian oil and fuel and the imposition of a price cap on Russian crude by the G7 group.

It also led to the redirection of world oil trade flows. Asian countries such as China and India, for example, began absorbing considerably more Russian oil and fuel than they had done previously, and many …

Tata International
  • Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ).
  • LFZ is the first and only free zone in Nigeria that is uniquely integrated with the deepest seaport in the region, the Lekki Port, which started operations in April 2023.
  • With a rich legacy spanning over four decades, Tata International is a key contributor to the economic landscape of the African continent.

Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ). The agreement as signed in the presence of Anand Sen, Managing Director of Tata International Limited, by Managing Director of Tata Africa Holdings Pty Ltd, Len Brand. This marks a significant milestone in the company’s commitment to the region.

With a rich legacy spanning over four decades, Tata International is a key contributor to the economic landscape of the African …

Nigeria | Saudi Arabia | Nigeria-Saudi Arabia Business Council
  • The Nigeria-Saudi Business Council could see the Middle Eastern country fund several sectors of the West African economy.
  • Through the council, the Kingdom of Saudi Arabia plans to replicate various investments made in Pakistan, Indonesia, and India in Nigeria.
  • Africa has increasingly become the subject of high competition between global economic powers.

Nigeria anticipates multi-billion-dollar “immediate” investment flows from the Kingdom of Saudi Arabia. This follows the signing of an agreement between the countries to establish a business council. The Nigeria-Saudi Business Council could see the Middle Eastern country fund several sectors of the West African economy. These include technological advancements, telecommunications, energy, oil and gas, and agriculture.

The two countries resolved to restore the Nigeria-Saudi Business Council. Crown Prince Mohammed bin Salman Abdulaziz proposed the Business Council in 2019. However, the former president of Nigeria, Mahammadu Buhari, resisted the council.

“We expect to see significant investment flow immediately,” Abubakar …

CNG
  • To lessen its carbon footprint, Tanzania is adopting the use of vehicles that run on compressed natural gas (CNG).
  • Plans are underway to set up CNG refilling stations in Dar es Salaam, Morogoro, and Dodoma cities.
  • Tanzania’s $42 billion Liquid Natural Gas (LNG) project makes the transition to natural gas-powered vehicles a viable initiative.

In Tanzania, a new revolution to reduce carbon footprint is underway. The government is rolling out a plan to cease the use of crude oil for its government vehicles. This is part of a larger national initiative to reduce carbon footprint and adopt a more environmentally friendly system.

Instead of oil, the Tanzania Government Procurement Services Agency (GPSA) will now purchase vehicles that run on compressed natural gas (CNG).

A CNG vehicle is a car powered by natural gas rather than gasoline or diesel fuel. These cars are not specially manufactured to use CNG. Instead, automakers …

the orange economy | Africa's orange economy

According to John Howkins, the orange economy incorporates industries whose goods and services arise from intellectual property. These include research and development, radio and TV, visual and performing arts, publishing, advertising, music, software, gaming, design, film, crafts, architecture, fashion, and design. Artists, cultural non-profits, and creative businesses can produce and disseminate goods and services that generate jobs, revenue, and quality of life.…

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Germany explores Nigeria gas
  • Chancellor Olaf Scholz says German companies are looking for gas deliveries from Nigeria.
  • At the moment, Germany imports huge volumes of crude oil from Nigeria, but no gas.
  • Nigeria boasts the largest confirmed natural gas reserves in Africa, estimated at 202 trillion cubic feet.

Europe’s economic powerhouse Germany is considering the prospect of importing natural gas from Nigeria. This plan was revealed by Chancellor Olaf Scholz during an interview with Nigerian newspaper, The Punch.

Scholz is visiting Nigeria on a mission to reinforce bilateral relations with Africa’s largest economy. His visit, the third to Africa since he took power in 2021, marks a significant milestone in fostering economic cooperation. This trip holds particular significance as it is the German leader’s first visit to Nigeria since President Bola Tinubu’s election.

“Nigeria has the biggest gas supply in Africa,” Scholz told The Punch. “German companies are interested in gas …