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PIL's Kota Tema makes maiden call to Ghana

On June 5 2024, Pacific International Lines' newest and largest eco-friendly vessel, Kota Tema, made its maiden call to Tema, Ghana. This 7,092-TEU ship, chartered in April, marks PIL's commitment to enhancing operational efficiency and connectivity. Since the 1970s, Africa has been a key market for PIL. This significant deployment underscores their dedication to connecting Ghana and Africa to the world, fostering growth and development across the region.

7 June 2024


ASEACC attends The Africa Singapore Businesss Forum

The Africa Singapore Business Forum (ASBF) is the premier platform for business exchange and fostering trade between Africa and Asia. Since it was launched in 2010, it has brought together over 5,000 business and government leaders from 30 countries to explore partnerships and growth opportunities between these two dynamic regions.

29 August 2023


Africa’s 2022 Growth Prospects: Poise under Post-Pandemic and Heightening Geopolitical Pressures

Despite the numerous, lingering negative effects of the pandemic — from global supply chain disruption and rising inflationary pressures to recurrent waves of COVID-19 infections and the emergence of threatening variants — the globalisation of growth resilience will emerge as one of the most important stories when economic historians reflect on this time. In a major and synchronised reversal, growth bounced back in 2021 in one of the strongest post-recession recoveries in decades.

31 May 2022


Bank of China Limited Elects Jean-Louis Ekra as Independent Non-Executive Director

Bank of China Limited announced the 2022 First Extraordinary General Meeting of the Bank held on 17 February 2022 elected Mr. Jean-Louis Ekra as Independent Non-executive Director of the Bank. The Bank has received the response from China Banking and Insurance Regulatory Commission on the approval of the appointment of Mr. Jean-Louis Ekra.

27 May 2022


Scanning Systems Receives an Investment to Realise the Goals of the Africa Continental Free Trade Area

Casablanca/Abidjan, 18 January 2023 - Africa50, the pan-African infrastructure investment platform and Tassec Investment Holdings Africa, announced the completion of Africa50’s equity investment into Scanning Systems, a company specialized in the design, financing, and implementation of One-Stop Joint Border Posts (JBPs) in Africa.

18 January 2023


Afreximbank reveals plans for Caribbean Exim Bank as AfriCaribbean Trade and Investment Forum opens

Bridgetown, Barbados, 1 September 2022 – The first-ever AfriCaribbean Trade and Investment Forum (ACTIF2022) opened today in Bridgetown, Barbados, with African Export-Import Bank (Afreximbank) announcing that it would work with governments of the Caribbean Community (CARICOM) to set up a Caribbean Exim Bank and that it envisaged committing an investment of US$700 million in the Caribbean.

1 September 2022


Afreximbank releases consolidated financial results for 2021, showing strong growth despite the challenging operating environment

Cairo, 19 April 2022: – African Export-Import Bank (“Afreximbank” or the “Bank”) has released the consolidated financial statements of the Bank and its wholly owned subsidiaries, altogether referred to as the Afreximbank Group (the “Group”), for the year ended 31 December 2021. The Group results demonstratedstrong and resilient growth, with interest income crossing the US$1 billion mark once again.

19 April 2022


The Africa Southeast Asia Chamber of Commerce (ASEACC) marks a decade of achievements with its Annual Assemblies and a Gala Cocktail & Dinner in Singapore.

The ASEACC, based in Singapore, joyfully marked its 10th anniversary with Annual Assemblies, a cocktail, and gala dinner. Singapore's Minister of State for Trade and Industry, Alvin Tan, graced the event, urging collaboration among African, Singaporean, and Southeast Asian businesses. The ASEACC united established and new members, alongside leaders from public and private sectors. The Annual Assemblies coincided with the Africa Singapore Business Forum, attracting over 500 participants.

29 August 2023


PIL serves as Title Partner for the Singapore Apex Business Summit 2022

Businesses have been battling the pandemic for close to two years. How has the world changed? What are the new challenges and opportunities? What should businesses do to expand and grow as countries around the world slowly re-open their economies?

Aimed at empowering businesses to maximise their potential in an endemic world, the Singapore Business Federation (SBF) and MP Singapore Pte Ltd established the inaugural Singapore Apex Business Summit (SABS), with PIL serving as one of its major Title Partners. In conjunction with SBF’s 20th anniversary, a special 20th anniversary event will also be held during SABS.

23 March 2022


Olam to sell 35.4% stake in Olam Agri to Saudi investment fund for US$1.2b

AGRI-FOOD giant Olam Group : VC2 -1.68% has agreed to sell a 35.4 per cent stake in Olam Agri Holdings to the Saudi Agricultural and Livestock Investment Company (Salic) for US$1.2 billion.

Salic is a wholly-owned subsidiary of the Public Investment Fund of the Kingdom of Saudi Arabia.

In a call to discuss the transaction, Olam Group's chief executive Sunny Verghese said this move unlocks the "hidden value" of the Olam Agri business in the group's portfolio and unlocks value for the shareholders of the group.

25 March 2022

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