The State of Libya has officially acceded to African Export-Import Bank (Afreximbank) Establishment Agreement, becoming the 53rd nation to become a member / participating state and marking an important step towards full continental coverage and advancement of the continental integration agenda through trade and investments. The accession document, signed by His Excellency Dr. Khaled Al-Mabrouk Abdullah,…
The United States imports for November totalled 2.72 million TEUs (Twenty-Foot Equivalent Units), representing a significant 12.3% increase compared to last year. This marks the 15th consecutive month of annual growth in U.S.-bound imports, reflecting the continued strength in demand despite economic uncertainties. Still, when compared sequentially to October, imports experienced a slight dip of…
The loan aims to enhance the efficiency of the Cameroon-Chad Transport Links. The African Development Bank Group’s Board of Directors has approved two loans for Cameroon totalling $342.92 million. These funds are designated to significantly improve transport infrastructure along the Douala-N’Djamena trade route, fostering enhanced connectivity with neighbouring Chad. This development is expected to deliver…
The highly anticipated Nigerian Supply Chain Summit, organised by Pentland Energy Limited, took place on November 8, 2024, and was an unforgettable event. Delegates from various professional bodies, businesses, and government agencies gathered to discuss critical issues. The theme of the summit, “Leading Nigeria’s Supply Chain Transformation,” resonated throughout the fully packed hall at the…
As U.S. President-elect Donald Trump prepares to take office again in 2025, his promise to introduce new tariffs sends ripples through global markets. Businesses across the world, including those in Africa, are bracing for what could be another wave of disruption to international trade. While the specifics of the tariffs remain unclear, supply chain stakeholders…
Driving Faster Deliveries, Broader Product Selection, and Rapid E-commerce Growth in Ghana. Jumia Technologies AG (JMIA), Africa’s leading e-commerce platform, recently launched a state-of-the-art integrated warehouse and logistics facility in Tema, Ghana. This milestone represents a significant investment in Ghana’s e-commerce ecosystem and reinforces Jumia’s dedication to providing outstanding customer experiences. The expansion aligns with…
The manufacturing sector faces the highest risk from cyber threats. According to the latest Cyber Roundup Report, supply chain cyber-attacks have surged by 431% since 2021, highlighting the growing risks linked to interconnected businesses. Cowbell, an insurance provider for SMEs and middle-market companies, publishes the report. It draws on a comprehensive three-year dataset from over…
According to data released by Statistics South Africa, South Africa’s mining sector recorded a notable 4.7% year-on-year increase in production for September. This growth highlights the industry’s resilience, driven by significant performance improvements in critical minerals. The Platinum group metals (PGMs) led in this rise, achieving a 6.7% increase and contributing 2.1 percentage points to…
The main port reports an increase in cargo handling from January to October. On November 14th, Kenya’s main seaport, the Port of Mombasa, reported handling 33.78 million tonnes of cargo in the first 10 months of 2024, reflecting a 13.9% increase from 29.66 million tonnes during the same period in 2023. The Kenya Ports Authority…
US retail giant aims to attract customers from Amazon and boost Walmart subscriptions this holiday season. Walmart plans to offer new financial incentives to independent delivery drivers to enhance its holiday season logistics. The retailer revealed to Reuters that these bonuses encourage drivers to collect orders directly from U.S. stores and deliver them to customers….
South African click-and-collect company Pargo is actively exploring opportunities to expand its services across the African continent, according to CEO Lars Veul in a recent interview. Driven by the rapid growth of e-commerce in Africa, Pargo aims to meet the increasing demand for convenient delivery and pickup options in markets beyond South Africa. Veul emphasized…
The shipping and logistics market is expected to expand from $14.56 billion in 2024 to $18 billion by 2029. Amr El-Samadouni, Secretary-General of the International Transportation and Logistics Services Division at the Cairo Chamber of Commerce, has urged stronger collaboration and coordination among all stakeholders in the public and private sectors to tackle challenges in…
Grocery giant Checkers, which operates over 260 stores in South Africa, has launched a bold new approach to brand visibility by taking to the skies with its first branded airplane. This move highlights the role of its efficient supply chain in serving customers across the country. The vibrant teal Airbus A320 is emblazoned with “Sixty60”…
The international dairy company, owned by over 8,400 European farmers, continues to make strides in the MENA region. Arla Foods has submitted a non-binding offer to acquire a majority stake in the Arabian Food Industries Company (Domty), a prominent player in Egypt’s food sector. Domty, a publicly listed company, employs approximately 4,000 people and operates…
International Federation of Robotics Releases World Robotics 2024 Report. The report recorded 4,281,585 units operating in factories worldwide – an increase of 10%. Annual installations exceeded half a million units for the third consecutive year. By region, 70% of all newly deployed robots in 2023 were installed in Asia, 17% in Europe and 10% in…
The carrier now serves domestic networks in US, Europe, the Middle East, Africa (EMEA), and Asia. E-commerce giant Amazon has officially entered the for-hire air cargo market, offering space on its extensive fleet of cargo jets to freight forwarders and businesses. This expansion goes beyond Amazon’s parcel delivery service and is positioned to compete with…
The decision was driven by the need to establish a secure network for air travel safety and regulatory compliance. The International Air Transport Association (IATA) has launched IATA Connect with an initial focus on the IATA Operational Safety Audit (IOSA). IATA Connect community members will be able to access and use the platform to securely exchange safety…
Aiming to cut operating costs and boost efficiency with an all-Boeing fleet. Kenya’s national carrier, Kenya Airways, has announced plans to acquire 13 new aircraft to expand its existing fleet, according to Tuko Media. The airline’s current fleet includes Boeing 787-8 Dreamliners, Boeing 737-800s, and Embraer E190s, which will expand to over 55 planes within…
Schneider Electric, Cisco Systems, and Colgate-Palmolive secured the top three positions. In the second quarter of 2024, Gartner released its annual Global Supply Chain Top 25 report, showing that the top-performing supply chain organizations continue to be led by industry giants. Schneider Electric retained its top spot, followed by Cisco Systems in second and Colgate-Palmolive…
XPO introduces Connect Europe, a new platform streamlining shipment management across 25 European countries. The service handles single pallets to full loads, providing a single point of contact for cross-border logistics. Leveraging XPO’s extensive network, Connect Europe simplifies global freight shipping while prioritizing…
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