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Trade exchange between Egypt, Kuwait hits $1.74B in 2017

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Egypt Trade Minister Amr Nassar

 

CAIRO – 7 November 2018: Trade Exchange between Egypt and Kuwait reached $1.74 billion during 2017, including $363 million for non-petroleum products, Minister of Trade and Industry Amr Nassar said.

The minister added that Kuwait is one of the most important trade partners to Egypt as it is the third largest Arab partner to the country after the United Arab Emirates and Saudi Arabia.

This came during Nassar’ speech at the activities of the Egyptian-Kuwaiti Cooperation Forum held this Nov. 7 in Kuwait under the title “Brothers Partners” under the patronage of Kuwaiti Prime Minister Gaber Mubarak Al-Sabah, and Kuwaiti Minister of Commerce and Industry Khalid al-Rowdan.

Nassar added that Kuwait is ranked fourth in the list of the largest investors in Egypt with 1,227 joint investment projects and a Kuwaiti contribution worth $3.7 billion.

These investments are concentrated in the fields of tourism, industry, finance, real estate and telecommunications, in addition to information technology and agricultural investment, Nassar stated.

He pointed out that these figures do not amount to the level of common relations between the two countries, as Egypt looks forward to deepen these relations and increase the contribution of the private sector and companies in both countries under the umbrella and encouragement of the Egyptian and Kuwaiti governments.

Meanwhile, the Kuwaiti trade and industry minister said that Kuwaiti investors are willing to increase investments in Egypt.

On the sidelines of the forum, an exhibition was launched to review the most important activities of the sponsoring companies of the forum and the relevant governmental and private institutions, in addition to presenting the most important investment opportunities available in both countries.

Minister of Investment and International Cooperation Sahar Nasr signed in March five agreements with Kuwait Fund for Development General Director Abdel Wahab al-Badr, with a total value of KWD 86.1 million ($287 million/LE 5 billion), within the framework of developing Sinai.

-EGYPT TODAY

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NBA Africa Launches Accelerator Focused on Early-Stage African Startups

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NBA Africa CEO Clare Akamanzi and U.S. Trade and Development Agency Director Enoh T. Ebong at the launch. Credit: NBA Africa

In support of President Biden’s Digital Transformation with Africa Initiative and building on the U.S. Department of Commerce-wide Africa strategy, NBA Africa today announced the launch of “Triple-Double: NBA Africa Startup Accelerator,” a startup accelerator based on the continent focused on early-stage African startup companies.

Triple-Double: NBA Africa Startup Accelerator will support Africa’s tech ecosystem and the next generation of African tech entrepreneurs by providing them with access to mentorship and capital that will help drive growth in the sports and creative industries.

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Operated by ALX Ventures, a leading technology incubator that provides the continent’s tech leaders with access to the skills and tools to launch and scale their startups, Triple-Double: NBA Africa Startup Accelerator is open to early-stage startups in Africa that develop solutions in event management and ticketing, youth development, AI, and digital marketing in the sports and creative industries.  Startups can apply to participate here through Friday, May 31, after which the submissions will be narrowed down to the top 10.

The 10 selected startups will then be paired with mentors comprised of NBA Africa and ALX leadership, and other corporate stakeholders, who will provide guidance to the companies with a focus on product development, business growth and go-to-market strategy.  In September, NBA Africa will hold a Demo Day in New York City that will coincide with the United Nations General Assembly (UNGA).  Participating companies will pitch their products to a panel comprised of top industry leaders from the U.S., Africa, and around the world.  The panel will then determine the four winning companies, which will be awarded financial support, mentorship, and the opportunity to work with NBA Africa and the Basketball Africa League (BAL) on their current and future initiatives on the continent. 

The announcement was made today by NBA Africa CEO Clare Akamanzi, who was joined by U.S. Secretary of Commerce Gina M. Raimondo and U.S. Trade and Development Agency Director Enoh T. Ebong at the American Chamber of Commerce’s Business Summit in Nairobi, Kenya.

“We are thrilled to launch an accelerator program based on the continent and focused on early-stage African startups,” said Akamanzi.  “This groundbreaking new initiative reflects our commitment to expanding the African sports ecosystem, and these incredible companies will be at the forefront of shaping the future of sport on the continent.”

Additional information about Triple-Double: NBA Africa Startup Accelerator will be announced at a later date.

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TelCables’ Partner Program is shaping the future of digital connectivity in West Africa

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TelCables West Africa, part of the Angola Cables global network, shared details of its innovative Partner Program at a recent event held at the Lagos Continental Hotel, Victoria Island, Lagos, Nigeria. This initiative is designed to empower companies in West Africa to shape the future of digital connectivity, tap into the rapidly growing enterprise market, and expand their businesses internationally.

​The TelCables Partner Program enables telecommunication companies, operators, ICT integrators, as well as internet service providers to extend their influence in shaping West Africa digital ecosystem.

Multinational telecommunications company Angola Cables operates in the wholesale market, providing connectivity, IT solutions and services, as well as international data circuit capacity and IP transit via owned, high-capacity submarine cables, including SACS, Monet, and WACS.

“Leveraging the Angola Cables Partner Program provides a unique opportunity for us to help connect our partners’ businesses from West Africa to the world,” said TelCables Nigeria CEO, Fernando Fernandes.

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“As the most connected network operator in Africa, our secure, low-latency direct routings Data Center to Data Center  from West Africa to the USA and South America, and from West Africa to London provide an immense advantage to our partners.​ Moreover, our presence across a number of Nigerian IP hubs such as Lekki, WACS CLS, Medallion DC, Rack Centre and others, and connections across Africa via the Djoliba network, means our partners have access to some of the most advanced digital infrastructure on the continent and our featured products to address secure connectivity and Clouds2Africa the most interconnected Cloud IAAS in Africa benefiting to our Global Network in more than 400 Cloud and Anti-DDoS secured nodes,” he added.

The Partner Program provides a comprehensive suite of management resourceful tools to support partners in their sales efforts. This includes portal, sales and marketing tools that enable partners to define product, commercial, and marketing strategies, as well as receive technical formation and go-to-market initiatives to streamline and accelerate their market offerings. The personalized program also adapts to the needs of each partner’s experience and market demand, ensuring mutual success. Additionally, tailored training and support are provided to each partner to help them achieve their goals.

Based in Nigeria, and with a global footprint in 20 countries on five continents, TelCables offers a wide range of internet exchange points, points-of-presence, peering, and related services.​ Current participants in the Partner Program include Microsoft, NEC, Juniper Networks, Ciena and Check Point Software Technologies Ltd., all benefiting from Angola Cables’ extensive, low-latency direct access connectivity, connecting to the largest Internet Exchange Points (IXPs), Tier 1 operators, and global content providers in Africa and around the world

As part of the Angola Cables family, TelCables West Africa’s Partner Program is a testament to the company’s dedication to empowering businesses in West Africa to reach new heights in the digital age. Companies interested in joining the Partner Program and becoming part of a network that is shaping the future of digital connectivity in West Africa, can do so here

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2024 Veuve Clicquot Bold Woman Award opens for entries in South Africa

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Veuve Clicquot Bold Woman Award (Image: Supplied).

Since its inception in 1972, the Veuve Clicquot Bold Woman Award has established the platform as the ultimate accolade highlighting female founders and CEO’s globally. Esteemed for honouring female pioneers who embody the spirit of Madame Clicquot, this award has two categories, the Bold Woman Award and the Bold Future Award, which highlight and give visibility to innovative women around the world. This is the first and longest-running international award of its kind and South African female business leaders and entrepreneurs looking to elevate their businesses and join a community of like-minded trailblazers are invited to enter from 18 March 2024.

Over 52 years, the award has celebrated women who exemplify the same tenacious, enterprising spirit of the Grande Dame of Champagne, Madame Clicquot. Widowed at the age of 27 in 1805, she defied norms and transformed an entire industry – an extraordinary feat during an era when women faced significant limitations, unable even to establish personal bank accounts, let alone independently own or manage businesses. The Bold Woman Award is a powerful tribute to women who share her fearlessness and determination. Open to women in 27 countries, the award has honoured over 450 businesswomen to date. Not only does it applaud their leadership, but also provides laureates with prominence, a powerful platform and access to an inspiring global community.

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The award’s impact is invaluable, and these Bold women in turn inspire and motivate future generations of female leaders. The South African edition of the 2023 Bold by Veuve Clicquot Barometer reveals that 72% of aspiring women entrepreneurs are inspired by, and can name, a local female role model. This finding underscores the vital role of the Bold by Veuve Clicquot programme, which sets out to fortify a sustainable future for businesswomen globally through impactful initiatives that inspire mentorship and collaboration. The data for the 2023 Bold by Veuve Clicquot Barometer was collated from over 49,000 women and men surveyed in 25 countries, contributing to a powerful overview of female entrepreneurship globally.

One initiative that sets out to amplify the Bold Programme and fosters global female networking is Veuve Clicquot’s Bold Open Database, a collaborative database catalysing social and economic development. South African women seeking to connect with fellow female entrepreneurs across the globe are invited to register Here.

The women who step into the Bold Woman Award spotlight pay tribute to the legacy of Madame Clicquot and play a vital role in inspiring future generations of female entrepreneurs. South African women who are ready to be recognized for their business achievements are called to enter the 2024 Veuve Clicquot Bold Woman Award.

HOW TO ENTER

To enter the Bold Woman Award, candidates must be founders or CEOs of a company for more than three years, have demonstrated transformation and evolution in their field, and supported growth for at least two years while maintaining an ethical approach to business.

To qualify for the Bold Future Award, candidates must be the founders or CEOs of a company that has been in existence for less than three years. In that time, the candidate must have made a significant contribution to the success of their company by instilling a sense of entrepreneurship and have made a tangible contribution to transformation in an existing market, while bringing ethical change to the company.

Three finalists in each category will be selected by an esteemed jury and will be invited to attend the Bold Woman Award ceremony on 17 July where one laureate in each of the categories will be lauded by a grand jury. The Bold Woman Award winner will travel to Reims, France, for an immersion in the history, tradition, and luxury of Maison Veuve Clicquot.

Entries open on 18 March and close on 30 April 2024. Business leaders and role models who are ready to be recognised for their remarkable success are invited to enter the Veuve Clicquot Bold Woman Award by completing a simple form Here.

Applicants must be an official resident of South Africa and the business must be based in or operating in South Africa. The finalists will be selected by an independent panel of judges.

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