Tag: American Businesses in Africa

American firm Stripe acquires Nigeria’s Paystack for $200M+

By Ingrid Lunden | Techcrunch

Stripe is acquiring Paystack, a startup out of Lagos, Nigeria that, like Stripe, provides a quick way to integrate payments services into an online or offline transaction by way of an API.

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United Airlines Is Launching 3 New Nonstop Routes to Africa

As air travel continues to slowly pick up amid the ongoing pandemic, many airlines are completely reimagining their route networks. For United Airlines, that means announcing seven new long-haul routes, including three new destinations in Africa. United says it’s adding international flights where there’s existing demand, especially tapping into traffic from travelers from the African diaspora visiting their friends and families.

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Nespresso reinvigorates Congolese coffee economy with new organic offering

 by Benjamin Ferrer | Food Ingredients First

Nespresso’s first organic coffee within its philanthropic Reviving Origins range has hit the US market. Kahawa ya Congo is sourced from rain-rich volcanic soils along the shore of Lake Kivu in the Democratic Republic of the Congo. The coffee giant aims to provide improved access to clean water and health services to growers of the crop, while also helping guide farmers through sustainable practices.

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Nigerian ‘unicorn’ Interswitch sells stake to Visa

By Libby GeorgeAlexis Akwagyiram

(Reuters) – Visa Inc (V.N) will buy a significant minority stake in Nigerian payments platform Interswitch, creating “an instant acceptance network across Africa” that will help drive expansion, both companies said in a statement on Tuesday.

Interswitch and Visa did not provide financial details but a source confirmed media reports that Visa would buy a 20% stake for $200 million.

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You’ll Soon Finally Be Able to Fly Directly From Philly to Africa

By Fabiola Cineas

American Airlines, the world’s largest carrier, will finally fly to Africa. Its first-ever route to the continent will launch on June 4, 2020 and fly to Casablanca, Morocco from the Philadelphia International Airport (PHL). The flight is PHL’s first scheduled service to Africa and makes American the only U.S. carrier with a direct flight to Casablanca.

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Top American universities are doubling down on their presence across Africa

By Abdi Latif Dahir

Amid the rolling hills on the outskirts of Rwanda’s capital Kigali, the Carnegie Mellon University Africa’s new campus is a prominent feature on the lush landscape. The 6,000 square meters property is located within the Kigali Innovation City, a public-private partnership aimed at positioning Rwanda as a globally competitive and knowledge-based economy.

Since it’s establishment in 2011, CMU Africa has grown from a small graduate program attracting local applicants to becoming the only American research university with a full-time faculty and operations in Africa.

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Hip-hop stars Akon and Enow join forces to promote power projects in Africa

By PK Semler

Aliaune “Akon” Thiam and Stanley Enow –the Senegalese-American and Cameroonian hip-hop stars – are joining forces to promote major African energy projects such as a 350 MW hydroelectric power plant in the strategically vital West-Central African nation of Cameroon.

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12 African Leaders Set To Attend US-AFRICA Summit

By Olumide Oyekunle

Corporate Council on Africa, in conjunction with the government of Mozambique, will host the 12th US-Africa Business Summit this year in Maputo with at least 12 African presidents expected to grace the event. The event will take place from June 18 to 21.

Organizers hope to bring more than 1,000 American and African private sector executives, international investors, senior government officials, and multilateral stakeholders.

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Houston-based Artist Designs Sustainable Furniture With Rare African Woods

From Malawi With Love: Local Artist Designs Custom Furniture That Gives Back

By Susie Tommaney

People come into our lives for a reason. Sometimes they’re just agents of change, reminding us of dormant potential; others keep us focused on our path and goals; some will guide and teach; and then there are those difference-makers who share our mission and remain in our hearts and lives forever.

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Kenya Airways inks deal with Delta Air Lines to expand operations in U.S.

Kenya’s flag carrier airline Kenya Airways said Friday it has reached an agreement with American airline Delta Air Lines to activate its codeshare with Delta in the United States and Canada.

Kenya Airways chief executive officer Sebastian Mikosz said the partnership will enable both the business and leisure travelers to enjoy greater connectivity and efficiency in 11 U.S. cities and four Canadian cities.

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