Tag: African businesses in America

The African Diaspora to host Making Africa Trade Easy Business fair in Washington

BELIEVE IN AFRICA (BIA) has announce its first and largest African diaspora gathering conference called “Making Africa Trade Easy” (MATE) scheduled from September 5th to 7th 2019 at the prestigious Ronald Reagan Building & International Trade Center located at 1300 Pennsylvania Ave NE in Washington, DC 20004, USA.

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The African Airlines That Should Be on Your Radar

By Mark Ellwood

Exactly a year ago, if a New Yorker wanted to get to Nairobi, they were looking at around 24 hours of flight time and at least one plane change under the best of circumstances.

But last October, Kenya Airways’ new direct changed all that, shaving 10 hours off that flight time and eliminating the transfer.

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Nigeria’s Sahara Group signs deal with United Nations Development Programme in New York

The Sahara Group, an international energy and infrastructure conglomerate and the United Nations Development Programme (UNDP) are joining forces to promote reliable access to affordable and sustainable energy, and to mainstream the Sustainable Development Goals (SDGs) in the private sector with a specific focus on SDG 7 (affordable energy).

The partnership was formalized with the signing of a Memorandum of Understanding on Monday 15 April in New York.

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Africa’s Amazon Is set for a New York IPO as online retail takes off

By John Bowker

When Christophe Fofana, a 29-year-old taxi driver and student in Ivory Coast, needed a birthday present for his daughter last year, he did something he hadn’t done before. He went shopping online.

“It was a specific toy, an electric car, that I either couldn’t find in stores or was very expensive,” he said in Abidjan, the commercial capital. He found a gift for the big day on Jumia, the online retailer and market place active in 14 African countries.

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CinemaCon celebrates Nigerian cinema with the Emerging Market Award in Las Vegas

On April 1st 2019, The Official Convention of The National Association of Theatre Owners (NATO), CinemaCon recognized the Nigerian movie industry with the Emerging Market Award at Ceasar’s Palace, Las Vegas, U.S.A.

The award was presented to CEO of The Filmhouse Group, Kene Okwuosa and MD, FilmOne Production and Distribution, Moses Babatope.

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Nigerian music label, Chocolate City, signs new deal with Warner Music Group

By Inemesit Udodiong
Afrobeat, a fusion of African pop, dance, and hip hop, is having a great moment right now. All over the world, people are listening, dancing and buying tickets to sold-out shows by Nigerian artists.

It is also topping streaming and airplay charts across the US and Europe. Earlier this year, Davido‘s 2017 hit single, ‘Fall’, became the longest charting Nigerian song on American Billboard chart. It was the most Shazamed song by New York radio listeners in 2018.

Now, New York-based Warner Music Groupjoins the likes of Universal Music Group andSony Music, who have already boarded the Afrobeat train. The world’s third largest record label has a new partnership with Nigerian music label Chocolate City.

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SAA warns of new restrictions for South Africans travelling to the US

South African Airways (SAA) has advised its customers of additional restrictions when travelling to the United States.

“In terms of the United States’ Transportation Security Administration (TSA), there will be additional security requirements for flights to the United States of America (USA) and these will be in the form of restrictions to carry certain specified items in the cabin under specified circumstances,” said SAA spokesperson Tlali Tlali.

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Ten African companies to feature at New York’s COTERIE

By Kennedy kanethe

Ten women-owned businesses from Nigeria, Ghana and Kenya will next week attend COTERIE, one of the United States’ top fashion trade shows, with support from the International Trade Centre’s SheTrades initiative.

Taking place at the Javits Center, New York City, on 25 – 27 February, COTERIE provides an opportunity for the brands to showcase their collections and connect with international buyers.

All ten companies are part of SheTrades in the Commonwealth Programme, funded by the United Kingdom’s Department for International Development (DFID).

In 2018, SheTrades sponsored a delegation of 9 brands from Ghana, Kenya and Nigeria to attend the fall edition of COTERIE, which led to meetings with 100 buyers and secured US $495,000 USD in trade leads.

One of the participating companies was Afrodesiac, a Ghanaian company that has seen tremendous success following its attendance at COTERIE.

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How Jumia’s planned listing on New York Stock Exchange is strategic for MTN, Rocket Internet

Nigeria headquartered online retail giant, Jumia is mulling a listing in America. It appears the efforts of Rocket Internet to cash out on Jumia will finally pay off as the eCommerce giant is planning to launch its Initial Public Offering (IPO) this year on the New York Stock Exchange (NYSE).

As reported by Bloomberg, the planned listing could value the company at $1.5 billion. The move to have the company listed on the NYSE raises a couple of questions, one of which is about the choice of New York and not any of the African countries Jumia operates in.

MTN Group — the major stakeholder of the company — is looking forward to raising $600 million from the offering, having revealed plans to sell its 40% stake in the company last year.

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Investors gather in Miami to Power Africa

The 5th Powering Africa: Summit will host over 370 investors and public and private stakeholders from across North America, Africa and Europe to present energy projects, discuss investment opportunities and build relationships within the international power community.

The Powering Africa: Summit (PAS) to take place for the first time in Miami from February 25-27 will be attended by delegates of the World Bank, OPIC, MCC, Power Africa, USAID and USADF alongside African energy leaders from Morocco, Ethiopia, South Africa, Kenya, Uganda, Mozambique and Nigeria.

Participants will discuss new innovative partnerships to implement the Power Africa Initiative launched by former US President Barack Obama five years ago. The initiative seeks to provide 60 million households and businesses across Africa with access to electricity and add 30,000 MW of power supply by 2030. Continue reading “Investors gather in Miami to Power Africa”