News

[Kenya] NSE launches Mini NSE 25 index futures contracts for derivatives market

06-18-2021 | 16:29:00
The NSE Derivatives Market (NEXT), has formally launched the Mini NSE 25 index futures contracts. The Mini NSE 25 index futures contract will appeal to retail investors due to its lower initial margin requirements.

USTDA announces grant funding to support digital connectivity in South Africa

06-18-2021 | 16:13:00
The U.S. Trade and Development Agency (USTDA), announced grant funding for a feasibility study to support Dark Fibre Africa efforts to expand reliable and affordable internet access and digital services to underserved populations in South Africa.

Africa Renewable Energy Fund II secures €130m first close with SEFA and CTF investments

06-18-2021 | 15:55:00
The Africa Renewable Energy Fund II has achieved its first close at €130 million, following a joint investment of €17.5 million from The Sustainable Energy Fund for Africa and the Climate Technology Fund through the African Development Bank.

Victoria Oil and Gas raises $7.5m for Matanda drilling in Cameroon

06-18-2021 | 15:46:00
Victoria Oil & Gas announced it has entered into a definitive financing agreement with Meridian Capital to raise maximum gross proceeds of $7.5 million through the issue of unsecured loan notes, for Matanda licence in Cameroon.

Danish dairy co-operative Arla Foods to build dairy farm in Nigeria to support local milk production

06-18-2021 | 11:29:29
Danish Farmer owned dairy co-operative Arla Foods will build a commercial dairy farm in Northern Nigeria where it will also train and support up to 1,000 local dairy farmers.

MTN Uganda advances network automation with TIP technology

06-18-2021 | 11:25:00
MTN Uganda and several members of the Telecom Infra Project (TIP) have signed an agreement that will advance network automation using TIP’s Disaggregated Cell Site Gateway (DCSG).

CDC commits $50m for renewable power project in South Africa

06-18-2021 | 11:19:00
CDC Group, UK’s development finance institution and impact investor, announced a $50 million project finance direct debt investment to ACWA Power’s Redstone Concentrated Solar Power Project (Redstone) in South Africa.

Investment firm AIIM, consortium acquire 25.8% stake in South Africa's MetroFibre

06-18-2021 | 10:58:00
The African Infrastructure Investment Managers (AIIM), along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF), have agreed to acquire 25.8% interest in MetroFibre Networx.

DHL adds sustainable marine fuel option for full container load shipments

06-18-2021 | 10:35:39
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, introduced another Sustainable Marine Fuel (SMF) service for ocean freight as part of its sustainability strategy.

MarketForce acquires Digiduka startup to consolidate distribution of consumer goods with digital financial services in Africa

06-18-2021 | 10:16:06
MarketForce, the end-to-end retail distribution platform for consumer brands in Africa, announced the strategic acquisition of Digiduka, a startup on a mission to bring informal retailers in Africa into the digital economy.
 
Features

[Interview] Lydie Nyombayire, Director, JurisTax, Rwanda

06-20-2021 | 21:45:00
Lydie Nyombayire Murorunkwere from Rwanda is an outgoing and motivated team player eager to contribute to dynamic customer service, who initiated JurisTax Ltd which specializes in company formation, fund administration and investor services, The provision of professional services and financial advice.

[Interview] Lydie Nyombayire, Directrice, JurisTax, Rwanda

06-20-2021 | 21:03:00
Lydie Nyombayire Murorunkwere du Rwanda est un joueur d'équipe extraverti et motivé désireux de contribuer au service à la clientèle dynamique, qui a initié JurisTax Ltd qui est spécialisé dans dans la création de sociétés, L'administration de fonds et les services aux investisseurs, La fourniture de services professionnels et le Conseils financiers.

[Column] Santho Mohapeloa: Cyber insurance is a growing demand for all companies

06-18-2021 | 11:32:19
The acceleration towards greater digitalization and remote working driven by the pandemic is also further intensifying IT vulnerabilities.

[Africa Tech Review] Duncan Mochama: Nigeria, Kenya and South Africa are top drivers of eCommerce volumes in Sub-Saharan Africa

06-17-2021 | 15:08:00
[Africa Tech Review] Duncan Mochama: Nigeria, Kenya and South Africa are top drivers of eCommerce volumes in Sub-Saharan Africa

[Column] Mark Walker: The significant scope of the great data grab

06-17-2021 | 10:10:00
The South African Draft National Policy on Data and Cloud announced on 01 April 2021 has done more than startle the country. It has presented company, individual, and analysts with some very important questions.

[Interview] Teddy Kimani, CEO, vukaplus.com, Kenya

06-17-2021 | 09:42:00
Teddy Kimani is the CEO and Founder of Vukaplus, a Kenyan-based classified ads company that provides an online platform for users to place ads for properties, cars, job vacancies, businesses and services.

[Column] Mojolaoluwa Aderemi Makinde: The key to reviving Africa's economic backbone

06-16-2021 | 12:59:18
Over the past year, the term ‘digital transformation’ has gone from an industry buzzword to a firmly entrenched necessity for survival. Hard lockdowns and stay-home orders, while necessary, also created a huge challenge for some of the continent’s largest economies grappling with the pandemic’s cost to gross domestic product (GDP).

[Column] Mandy Duncan: Financing the workplace of tomorrow, hybrid or otherwise

06-15-2021 | 15:01:00
An unprecedented ability to connect, collaborate and work from anywhere. Enterprise-level connectivity and equipment at home. New work spaces, automated systems and cognizant buildings at the office.

[Column] JP van Loggerenberg: Protecting your ERP system from cybersecurity breaches

06-15-2021 | 14:48:40
Cybercrime taps into the vulnerability of business systems and can pose a real threat to a robust supply chain. A sophisticated ransomware attack recently targeted the world’s largest meat processor.

[Africa Cloud Review] Simon Ngunjiri: Businesses in Africa are increasing their cloud spending in 2021

06-14-2021 | 14:49:00
In 2016, global spending on public IT cloud services was just under $100B. In 2021 that figure has ballooned to a healthy $312.4B after experiencing a 34% increase from 2019’s $233.4B revenue.