Corporate news from Africa:
• Trade Expo Africa (TEXA), a B2B trade show, has concluded plans to host its conference targeted at African small business owners and business professionals in Houston Texas, in October this year.
• The 2017 Africa Green Revolution Forum will be held from September 4-8 in Abidjan, Côte d’Ivoire, and aims to stress the capacity of agriculture and agribusiness to drive inclusive and sustainable rural development in Africa.
• To diversify its economy in the midst of oil crisis, Angola is shifting its gaze from black gold to explore the virtues of tourism. Unlike oil, revenue from tourism is expected to remain in the country.
• Angola wants to become an international hub for Ecotourism like Zimbabwe, South Africa or Namibia.
• Releaf is a new B2B marketplace that wants to help African businesses prosper by helping them find partners they can trust. The startup, which is currently taking part in Y Combinator, has signed up about 1, 000 businesses since its public launch in Nigeria on August 3.
• KFC, SA’s largest chicken buyer, has lent its support to the FairPlay Movement, an organisation formed to protest against the practice of dumping surplus chicken in SA and globally. Dumping is the practice of exporting goods at prices lower than the home-market price. Dumping is legal under the World Trade Organisation (WTO) rules unless its injurious effect on the importing country’s producers can be established.
• First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, has announced the appointment of Mr. Tosin Adewuyi as a Group Executive of First Bank of Nigeria Limited and an Executive Director of its flagship subsidiary FBNBank UK Limited.
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