Asset financiers to the rescue as Bolt plans to sign-up 200,000 new drivers in Africa to meet growing demand for ride-hailing services – TechCrunch
Bolt currently has more than 700,000 drivers catering to about 40 million riders across its existing seven markets in Africa. In November last year, Bolt partnered with Metro Africa Xpress (MAX), a Nigerian mobility-tech company, to extend lease-to-own financing to its drivers. In South Africa, Bolt has a similar arrangement with FlexClub, a vehicle subscriptions marketplace, that allows drivers to get into the taxi business through a lease-to-own financing model. In 2020, South Africa was the first African market for the firm’s delivery business, followed a year later by Kenya, Ghana and Nigeria. China’s Didi finally made inroads into the rest of Africa after successfully operating in South Africa.
Source:The North Africa Journal
January 29, 2022 04:54 UTC
PHOTOS: Georgia vs. North Florida Women's Tennis
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Source:The North Africa Journal
January 29, 2022 03:54 UTC
North Sea benchmark crude oil supply to rise in March
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Source:The North Africa Journal
January 29, 2022 03:00 UTC
France’s Troubles in West Africa, Portugal’s Far Right and More
The signs of a gradual deterioration of France’s ties in the region have been apparent for some time. But if the past 12 months are any indication, 2022 might very well be the year that process comes to a head suddenly. Since May, military coups in Mali, Guinea and most recently Burkina Faso have revealed the fragile foundations underpinning France’s partner governments in the region, but also the faulty assumptions driving Paris’ engagement with them. Having staked its claim to regional influence on its ability to underwrite stability by providing security, France has failed on both counts. And the fallout in terms of its regional profile is now coming into sharper focus.
Source:The North Africa Journal
January 29, 2022 02:24 UTC
Reebok Signs Licensing Partner For Middle East And Africa
Authentic Brand Group (ABG) announced that Al Boom Marine (ABM), a company under the portfolio of Scope Investment, will become the operating partner for Reebok in the GCC, the Middle East, including Iraq and Lebanon, and North Africa, which includes Algeria, Egypt and Morocco. As part of the agreement, ABM will partner with Reebok Design Group (RDG), the brand’s global hub, for product design, development, innovation, and creative direction. “Our partnership with Al Boom Marine cements our strategic plan to expand Reebok’s presence in the Middle East and North Africa region,” said Corey Salter, chief operating officer, ABG. “We at Scope Investment are delighted to announce that our retail and distribution business, Al Boom Marine, strikes yet another strategic alliance. The latest association between Al Boom Marine and ABG certainly sets the ground for Reebok to reach its full potential in the MENA region,” said Fareed Bilbeisi, CEO, Scope Investment.
Source:The North Africa Journal
January 29, 2022 01:58 UTC
Egypt's GASC gets offers in wheat purchase tender: traders
But with the advantage of cheaper shipping costs from the Black Sea to Egypt, Ukrainian wheat was cheapest in c&f terms including shipping at $346.89 a tonne c&f, traders said. HAMBURG- The lowest offer in the international tender from Egypt's state commodities buyer GASC to buy wheat on Friday was believed to be $325.86 a tonne FOB for wheat sourced from France, traders said. No purchase has been made and the result is expected later on Friday. The tender sought wheat for shipment in two periods, March 5-15 and March 16-26, with payment at sight (immediate). Traders said these offers were submitted, showing seller, source country and FOB price in dollars per tonne.
Source:The North Africa Journal
January 29, 2022 01:02 UTC
North Texas basketball chalk talk -- UNT at Louisiana Tech
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Source:The North Africa Journal
January 29, 2022 00:50 UTC
North Sea Brent crude oil stream to load 3 cargoes in March: trade source
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Source:The North Africa Journal
January 29, 2022 00:33 UTC
Dozens killed in Tropical Storm Ana as southern Africa braces for more wild weather
In northern and central Mozambique, Ana destroyed 10,000 homes and dozens of schools and hospitals, while downing power lines. It “might evolve into a severe tropical storm in the next few days”, the United Nations said in a statement. Power was restored by Thursday in parts of the country, but parts of the electric grid were destroyed. “Our priority now is restoring power to health establishments, water treatment distribution systems and schools,” the national power utility said in a statement. Southern Africa, and especially Mozambique, has suffered destructive storms repeatedly in recent years.
Source:The North Africa Journal
January 29, 2022 00:30 UTC
Tropical Storm Ana Hits hard five countries in the Southern Africa Region
On Tuesday January 22nd, 2022, the tropical storm Ana formed over the Indian Ocean started moving westwards, passing over northern Madagascar and crossed over to Mozambique and subsequently reached Malawi, Zambia and Zimbabwe. The tropical storm then made landfall on the 24th of January 2022 in the five countries. The Tropical storm ANA made landfall in Angoche district, Nampula province on 24th January, 2022. In Zimbabwe and Zambia, the Eastern parts of both countries received torrential rainfalls, floods and strong winds from the Tropical Storm Ana but not as severe damages compared to Mozambique and Malawi. The African Union Commission (AUC) has been informed of the Tropical Storm Ana incident, and carefully monitoring the situation, and is ready to offer a comprehensive support to affected countries.
Source:The North Africa Journal
January 28, 2022 20:03 UTC
Africa: Over 10.6 Million Covid-19 Cases Confirmed Across Continent
Outside court in Blantyre, Malawi, protesters call for the government not to implement a Covid-19 vaccine requirement. As of January 28, 2022, confirmed cases of Covid-19 from 55 African countries reached 10,669,963 while over 210,635,964 vaccinations have been administered across the continent. South Africa has the most reported cases 3,590,399 and 94,491 people died. Other most-affected countries are Morocco ( 1,114,527 ), Tunisia ( 866,445 ), Ethiopia ( 463,465 ), Libya ( 415,468 ), Egypt ( 416,223 ) and Kenya ( 320,766 )For the latest totals, see the AllAfrica interactive map with per-country numbers. AllAfrica interactive map with per-country numbers.
Source:The North Africa Journal
January 28, 2022 19:30 UTC
NPA: Sangoma handed 10 years imprisonment for raping pregnant woman
A 27-year-old man was sentenced to 10 years direct imprisonment for rape by the Phokeng Regional Court on Friday, 28 January. The court heard how Ratang William Moitshodi approached the pregnant victim under the guise of helping her prevent a miscarriage. He laid a “sangoma cloth” on the ground and told the victim to take her clothes off. She reported the matter to the police and the accused was arrested on 27 January 2019,” said the NPA spokesperson. Magistrate Segakweng Moeng said the criminal justice system has a responsibility to protect vulnerable women and children, according to the NPA.
Source:The North Africa Journal
January 28, 2022 19:25 UTC
Kenyan logistics startup Sote raises $4m seed extension to expand offering into fintech
Kenyan supply chain-focused Sote has raised a US$4 million seed extension round to expand its offering into the fintech space. The platform provides a real-time dashboard that allows manufacturers, retailers, and distributors visibility on shipment status, saving time and money. To finance this, the startup has raised a US$4 million seed extension round, bringing its total funds raised to date to US$8.4 million. The round was led by Social Capital, Chamath Palihapitiya’s fund, with the firm’s growth partner Ray Ko joining Sote’s board. This creates a powerful flywheel effect with our customers as they find more holistic and convenient bundled services between logistics and capital solutions.”
Source:The North Africa Journal
January 28, 2022 18:42 UTC
The Surge in Oil Prices Takes a Break as Fed Flags Tighter Monetary Policy
Some analysts predict oil prices to hit the $100-110-mark per barrel shortly as prospects of supply disruptions and rising demand support prices. Prices had surged on Wednesday, with Brent climbing above $90 a barrel for the first time in seven years amid tensions between Russia and the West. Threats to the United Arab Emirates from Yemen's Houthi movement had added to oil market jitters. The U.S. dollar climbed after the announcement, making oil more expensive for buyers using other currencies. With reporting by Oil Price, Reuters, and S&P Global Platts
Source:The North Africa Journal
January 28, 2022 18:40 UTC
Lessons learned by an EUobserver editor-in-chief
Being editor-in-chief of EUobserver was, for me, a first opportunity to look at the world from the "other side", media. You do it because you believe freedom and democracy are impossible without critical journalism. However, it is also true that these practices often point to a deeper problem: how can independent journalism be guaranteed in the future? In my opinion, the European project is the most successful project for peace, prosperity and democracy in human history. That is why European journalism is essential to the European project.
Source:The North Africa Journal
January 28, 2022 18:29 UTC