ABIDJAN, Cote D’Ivoire – August 11, 2020 – Agility, a leading global logistics and warehousing provider, has leased warehouse space in the Agility Logistics Park (ALP) in Abidjan to CDCI, Cote D’Ivoire’s top retailer, for a new nationwide warehousing and distribution centre.

CDCI, which operates supermarkets in Cote D’Ivoire, will use the ALP facility as a central distribution centre to hold stock and distribute a wide range of food and non-food consumer products to support its retail operations across Cote D’Ivoire.

CDCI chose to lease at the Agility Logistics Park because of it offers secure, international-standard warehousing and facilities and services available to support CDCI’s expanding business across the country.

We are pleased to present the latest edition of our Africa newsletter.

This month’s newsletter focuses on technology and innovation across the African continent. Technology and connectivity are transforming and developing at incredible pace, a trend which presents great opportunities for economic growth, commercialisation and upwards social mobility. This includes the roll-out of 5G in parts of South Africa and of 4G in sub-Saharan Africa (with the help of hot air balloons no less!), such as Eldoret and Nakuru in Kenya, where the editor’s parents were born. With thanks, as always, to our contributors – if you would like to contribute content to our next newsletter, please get in touch.

YPO Africa and Invest Africa Partner to Further Scale YPO’s Lead COVID-19 Response Impact Initiatives

Cape Town, 5 August 2020 ‒ Today, YPO Africa, a global leadership community of chief executives, and Invest Africa, the leading trade and investment platform for Africa, announced that they have entered into a unique bilateral alliance. The key aim of this groundbreaking agreement is for YPO Africa and Invest Africa to support each other in their African impact efforts, with an initial focus on YPO’s Lead COVID-19 Response to begin making the right connections between organisations to start conversations and drive investment.

Due to this unprecedented situation, many institutions in our correspondent network are facing staffing issues, reduced working hours and consequently may be slow to respond. We are working to get responses as quickly as possible, and we appreciate your understanding. The following are countries with specific current limitation due to the fluidity of the situation, this list may not be exhaustive. IFL remains in constant contact with local correspondents across a vast network and strives to update clients on any market changes as quickly as possible.

London and Cape Town, 3 August 2020: African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments and Africa’s most experienced infrastructure manager, has appointed two joint-managing directors to be based in Cape Town and Lagos, following the retirement of the company’s previous CEO.

Vuyo Ntoi and Sola Lawson, have been appointed from within the business, and will continue to sit in their South Africa and Nigeria offices respectively, as two of AIIM’s key markets in sub Saharan Africa. As AIIM’s new joint-MD’s, they take over from Jurie Swart, who has been CEO of AIIM since 2014 and recently elected to take early retirement to focus on a new challenge outside the AIIM business.

COVID-19

The first case of COVID-19 was reported on 12th December, 2019 in Wuhan, China thereafter the disease has rapidly spread and dominated world affairs throughout 2020. The World Health Organisation (WHO) confirmed COVID-19 as a pandemic in March. As at 30th June, WHO had confirmed circa 10.5 million cases, 5.7 million recoveries and 511,000 fatalities globally. Across the East African region, the pandemic has been accelerating across various countries. As at 30th June, Kenya was the second highest country with confirmed cases, after Sudan.