Month: June 2023

EEA Responds as ISSB makes Climate Risk Disclosure Mandatory for Hospitality Sector

Mr Mohammed

Story: Mohammed Abu, Accra. The London, UK based Energy & Environment Alliance (EEA) has lauded, the issuance of the inaugural standards, IFRSS S1 and IFRS S2 yesterday by the International Sustainability Standards Board(ISSB) while also noting that, this moment marks the beginning of a new era in which sustainability action and disclosure is no longer voluntary but now mandatory. IFRS S1 provides a set of disclosure requirements designed to enable companies to communicate to investors about the sustainability-related risks and opportunities they face over the short, medium and long term.  IFRS…

Investing in Africa Conference & Expo 2023 Gets Set

Mr Mohammed

Now in its 10th year, AFSIC – Investing in Africa is set to host another world-class gathering of Africa-focused businesses, dealmakers and investors to discover and execute investment deals, network and share insights in London on 9-10th October 2023. IFC, Accion, Verdant Capital, RMB, Old Mutual, Citibank and more than 120 speakers are confirmed to present exceptional content in a highly structured, multi-stream programme which includes focused sessions on Banking, Informed Investing, Building, Fintech Innovation, Sustainable Growth, Agriculture and Power. The highly popular country investment summits led by in-country experts…

Global fintech giant invests in sustainable communities in West and Southern Africa 

Mr Mohammed

Having pioneered the development of online trading and digital investment solutions 22 years ago, global fintech company Admirals is today considered a market-leading provider of an innovative range of online trading and investment products.   The Admirals suite of products includes leveraged Contracts for Difference (CFD) products in the over-the-counter market, including Forex, indices, commodities, digital currencies, stocks, and ETFs, as well as listed instruments to retail, professional, and institutional clients.  The company is steadily increasing its footprint in Africa, having opened its first African office in Cape Town, South Africa…

CHIC Implements Accor digital solutions across owned portfolio in DRC

Mr Mohammed

Five hotels, including Novotel Kinshasa La Gombe will integrate Accor’s innovative digital solutions including mobile solution Accor key and Opera cloud systems  Compagnie Hoteliere et Immobiliere du Congo (CHIC), the leading hotel owner and developer in the Democratic Republic of Congo (DRC), at  AHIF 2023 in Nairobi, Kenya, announced the implementation of Accor driven digital solutions covering five hotels of the CHIC group, opening soon under under the Novotel and Ibis Styles brands across 4 cities, bringing 660 keys to the country.  This implementation, according to the official statement, aims to offer a unique…

State Visit Maldives – President Ramkalawan holds talks and conducts visits as part of Maldives State visit

Mr Mohammed

14 June 2023 | Foreign Affairs Male, Maldives 14 June: President Ramkalawan, as part of his State visit in Maldives, held various discussions with various senior government officials and visited tourism establishments as part of his tour of the island nation. Amongst some of the high-level officials President Ramkalawan met with were the Vice-President of the Republic of Maldives, His Excellency Hon. Faisal Naseem, the Speaker of the Parliament of the Maldives, His Excellency Hon. Mohamed Nasheed and the Maldivian Minister for Foreign Affairs, His Excellency Hon. Abdulla Shahid. Whilst visiting…

CityBlue Opens in South Sudan and Tanzania

Mr Mohammed

Openings in July 2023  Date: 13 June 2023 CityBlue Hotels, Africa’s fastest-growing local hotel chain, is pleased to announce the signing of management agreements and the commencement of operations from July 2023 of the CityBlue Panorama Hotel & Suites, Juba, South Sudan and Urban by CityBlue, Masaki, Dar es Salaam, Tanzania. The CityBlue Panorama Hotel & Suites in Juba is a 72-key property upscale mid-market property located in the airport zone in Juba, South Sudan while Urban by CityBlue in Dar es Salaam is a boutique 65-key lifestyle property with…

Hospitality Leaders discuss supply chain challenges at AHIF 2023

Mr Mohammed

How intra-African trade measures, technology and a new generation of hospitality leaders are challenging “business as usual”  Date: 14 June 2023 For too many years, African hospitality leaders have worked incredibly hard to maintain operational standards when critical products are unavailable to be sourced on time due to a myriad of reasons, from changing trade restrictions, poor transport infrastructure, currency fluctuations, and supply chain breakages. This week leaders across the hospitality sector have descended into Nairobi city, the vibrant capital of Kenya and hub of East Africa, to join the…

Radisson Hotel Group announces seven new hotels in Africa for the first half of 2023, maintaining its growth momentum across the continent

Mr Mohammed

Radisson Hotel Group continues its ambitious growth in Africa with the signing of seven new hotels, adding over 1,400 rooms to its African portfolio.   The new hotels expand the Group’s brands, spanning from upscale to premium luxury lifestyle with a new market entry in Gambia and the introduction of new brands in key markets with the first Radisson Collection in Nigeria and Egypt, the first Radisson RED hotel in Nigeria, and the introduction of the Radisson brand in Kenya.    As one of the fastest-growing hotel companies in Africa,…

CIBAFI and the Securities and Commodities Authority Successfully Launch a Joint Technical Workshop on Digital Transformation Strategy in Dubai, UAE

Mr Mohammed

12 – 14 June 2023, Manama, Kingdom of Bahrain, Abu Dhabi, UAE | The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions and the Securities and Commodities Authority, have successfully launched their joint Technical Workshop today in Dubai, UAE. This Technical Workshop is themed: Digital Transformation Strategy for Islamic Financial Institutions (IFIs). The workshop is organised with the support of Finastra for three days. Building on the success of the first edition, which took place in Bahrain in the last quarter of 2022, CIBAFI has conducted…