Source: African Development Bank Group (AfDB) |

South Africa’s mass transit sector secures US$ 10 million and ZAR 1.4 billion African Development Bank loans

The financing will support the Company’s growth plans and initiatives to support Small and Medium Enterprises (SMEs) in the country’s mass transit segment

The African Development Bank (www.AfDB.org) has approved over US$100 million in loans to SA Taxi Development Finance Limited, a wholly owned subsidiary of SA Taxi Finance Holdings Proprietary Limited, a vertically integrated business platform that provides a comprehensive financial and allied services offering to minibus taxi operators.  The minibus taxi system…

Uber
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    • Sachin Kansal, Uber’s Global Head of Safety Product , addressing drivers “I am here to listen to you, to your safety experiences, so I know what my team and I can build to help with your safety.”
    • South AfricaTrusted Contacts GIF
    • Kenya Trusted Contacts GIF
    • Ghana Trusted Contacts GIF
    • Nigeria Trusted Contacts GIF
    • Uganda Trusted Contacts GIF
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Source: Uber |

Uber launches Safety Toolkit for riders and drivers

This week Uber announced the new Safety Toolkit which, over the next few weeks, will be rolled out to the millions of riders, drivers and delivery-partners using the app across Europe, Middle East and Africa

Uber (www.Uber.com) to double down on safety and roll out Safety Toolkit for riders and drivers across 38 countries, including Ghana, Kenya, Nigeria, South Africa, Tanzania, Uganda; Features to include Safety Centre, Trusted Contacts, Share Trip, emergency assistance button and customisable speed alerts This week Uber announced the new Safety Toolkit…

Source: International Road Transport Organisation (IRU) |

International Road Transport Organisation (IRU) Media Prize awarded to journalist Mike King from Breakbulk, USA

Mike King is a multi-award-winning journalist, as well as a shipping and logistics consultant

International Road Transport Organisation (IRU) (www.IRU.org), the world road transport organisation today announces the winner of the 2018 IRU Media Prize on the future of transport and trade. The IRU Media Prize celebrates the significant contribution of journalists to current debate within the transport sector, and coincides with the upcoming IRU…

International Road Transport Organisation (IRU)
Source: International Road Transport Organisation (IRU) |

Pakistan launches first outbound Transports Internationaux Routiers (TIR) transport

The first Pakistan Transports Internationaux Routiers (TIR) transport leaves Karachi today, bound for Kabul via Peshawar and Jalalabad

IRU (www.IRU.org) member, PNC-ICC, issued the first TIR carnet this week to Pakistani transport operator, TCS Logistics, ahead of the departure today, which is marked by a ceremony in Karachi. Today’s launch follows recent meetings in Istanbul between Afghanistan and Pakistan – where TIR was highlighted as the customs standard…

Source: International Road Transport Organisation (IRU) |

International Road Transport Union (IRU) announces finalists for the 2018 IRU Media Prize on the future of transport and trade

Three journalists have been selected as finalists for the 2018 IRU Media Prize on the future of transport and trade

The IRU (www.IRU.org) Media Prize celebrates significant contributions from the media to the transport sector debate, to coincide with its World Congress in Oman, 6-8 November 2018. This year’s honour is around the theme of “the future of transport and trade”. Tying in with the World Congress focus on “innovation…

CAJ News Africa
Source: CAJ News Africa |

Disgraced Chinese tycoon building Angola’s new airport

Sam Pa, the 60-year-old businessman who is synonymous with controversy in the continent, is back in the spotlight in Angola

The construction of a new major airport in Angola is confirmation of a disgraced Chinese billionaire’s clutch on infrastructure projects in the economically-struggling Southern African country and his infamous influence in the continent’s political crises and human rights violations. Sam Pa, the 60-year-old businessman who is synonymous with controversy in the…

The Department of Trade and Industry, South Africa
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    • Minister Rob Davies and his Saudi counterpart, Dr Majid Bin Abdullah during the signing of the JEC minutes
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Source: The Department of Trade and Industry, South Africa |

Minister Davies concludes Visit to Saudi Arabia

A key outcome was encouraging discussions around investment in the energy sector by Saudi Arabia into South Africa

The Minister of Trade and Industry, Dr Rob Davies has returned to South Africa following his visit to the Kingdom of Saudi Arabia where he co-chaired the 8th Session of the South Africa – Saudi Arabia Joint Economic Commission (JEC). The Saudi side was chaired by HE. Dr Majed Abdullah…

Source: Republic of South Africa: The Parliament |

Transport Committee to invite Prasa Board on strategy to deal with burning of Trains

The Chairperson of the committee Ms Dikeledi Magadzi said the fires in the Western Cape and KwaZulu-Natal Provinces concerned the committee

The Portfolio Committee on Transport has called on law enforcements to double their efforts and prioritise investigations into the burning of trains in and around Cape Town. The Chairperson of the committee Ms Dikeledi Magadzi said the fires in the Western Cape and KwaZulu-Natal Provinces concerned the committee. The committee…

Source: International Road Transport Organisation (IRU) |

UAE runs first intermodal transport under TIR

First ever intermodal TIR operation between the Gulf Cooperation Council (GCC) and the EU is launched today, with a container leaving the UAE bound for Europe under a single customs transit document and a single guarantee

The United Arab Emirates is an important trade hub with a robust economy. TIR (www.atcuae.ae/tir-system/) offers huge potential for improving transit connectivity between ports and borders with free zones and integrating them into the global logistics chain. The UAE’s strongest trading partners are India and China – both part of…

Source: African Development Bank Group (AfDB) |

African Development Bank, mariner investment group, and africa50 price landmark $1 billion impact securitization

Structured as a synthetic securitization by Mizuho International, Room2Run transfers the mezzanine credit risk on a portfolio of approximately 50 loans from among the African Development Bank’s non- sovereign lending book, including power, transportation, financial sector, and manufacturing assets

With “Room2run,” AfDB Launches Securitization Market for Multilateral Development Bank Sector Transaction is in Direct Response to G20 Action Plan for Mdb Balance Sheet Optimization AfDB Commits to Reinvest freed up Capital into New African Infrastructure Lending, Making Room2run one of the Largest Impact Investments ever Transaction is supported by…