[Column] Cathy Smith: Social enterprises could hold the key to a prosperous and equitable future for Africa

11-19-2021 | 08:04:16
Today, Africa is more prosperous than at any other time in history, with more children having access to education opportunities, fewer people living in extreme poverty, and most people living in democracies.

[Egypt] EFG Hermes Holding concludes acquisition of Arab Investment Bank

11-19-2021 | 07:56:58
The transaction will see EFG Hermes Holding assume control of aiBANK, with TSFE Financial Services & Fintech Subfund, a subfund fully owned by the Sovereign Fund of Egypt, EFG Hermes Holding’s valued partner, acquiring a 25% stake.

IFC partners with Absa to boost trade finance in Sub-Saharan Africa

11-19-2021 | 07:44:27
IFC welcomed Absa Bank to its Global Trade Liquidity Program (GTLP) to boost access to trade finance in sub-Saharan Africa, especially in low income and fragile countries.

[Africa Tech Review] Duncan Mochama: MTN Rwanda selects Ericsson to deploy a Network Operations Center

11-18-2021 | 13:17:04
There was some interesting news on African telcos that we covered this week . MTN Rwanda selected its longtime partner Ericsson, to deploy a Network Operations Center (NOC).

[Interview] James Claude, Chief Executive Officer, Global Voice Group, Africa

11-18-2021 | 12:37:00
James Claude, the CEO of Global Voice Group (GVC). GVC assists governments to increase efficiency, revenue, and transparency and compliance, through intelligent big data solutions.

[Column] Carey van Vlaanderen: Deal or no deal? Online Security safety tips for Black Friday

11-18-2021 | 07:10:00
Black Friday is a lucrative day not only for retailers, but also for cyber criminals. In 2019, the use of retail phishing URLs jumped by 275% the week before Black Friday.

East Africa GDP set for full recovery in two years, AfDB economic outlook

11-17-2021 | 18:52:45
The East African economic growth is projected to recover this year despite COVID-19 setback thanks to sustained public spending on infrastructure and improved performance of the agricultural sector.

Tony Elumelu Foundation funds 5000 African SMEs from 54 African countries for its 2021 programme

11-17-2021 | 11:20:10
The Tony Elumelu Foundation (TEF) has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme.

IFC partners with Equity to support MSMEs with local-currency financing in DRC, Kinshasa

11-17-2021 | 08:38:00
To support the growth of micro, small and medium enterprises (MSMEs) in the Democratic Republic of the Congo (DRC), IFC announced a partnership with Equity BCDC, to help smaller businesses access local currency financing.

African Development Fund extends $40m grant to establish Development Bank Ghana

11-17-2021 | 08:09:00
The African Development Bank approved a grant of $40 million from the African Development Fund to the Republic of Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution in Ghana.

AfDB ups financial contribution for local content and job creation in Mozambique to $2.5 Million

11-17-2021 | 08:00:00
The African Development Bank Group has approved a grant of $1.5 million to Mozambique to boost the development of local content.

Google Cloud announced Google Distributed Cloud during Google Next ‘21 virtual event

11-17-2021 | 07:45:00
Google Cloud’s simplified preferred definition of Google Distributed Cloud, is a portfolio of solutions consisting of hardware and software that extend Google Cloud infrastructure to the edge and into your data centers.

Le Groupe Ecobank sponsor de la Foire commerciale intra-africaine 2021

11-17-2021 | 07:32:52
La Foire commerciale intra-africaine offre aux entreprises africaines une occasion unique de nouer des contacts commerciaux dans tous les pays du continent Africain.

Standard Chartered appoints Bongiwe Gangeni to lead Consumer, Private and Business Banking for Africa, Middle East, Europe region

11-16-2021 | 12:16:00
Standard Chartered has appointed Bongiwe Gangeni as Head, Consumer, Private & Business Banking (CPBB), Africa & Middle East, and Europe (AME/E), subject to regulatory approval.

EBRD, EU and Attijari bank partner to strengthen small businesses in Tunisia

11-16-2021 | 09:58:00
The European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), is facilitating access to finance for Tunisian micro, small and medium-sized enterprises (MSMEs).

Verdant Capital closes four private equity-related transactions in South Africa

11-16-2021 | 09:50:31
Verdant Capital announced it closed four private equity-related transactions in South Africa with fund raisings for Bridge Taxi Finance and Retail Capital, the sale of Nedan Oil and the sale of Baxi to MFS Africa.

[Africa Cloud Review] Simon Ngunjiri: Cloud is the centrepiece of new digital experiences for African businesses

11-16-2021 | 08:09:00
Cloud technology has helped businesses in sub-Saharan Africa manage the disruptions caused by the coronavirus pandemic, something we have extensively spoken about in a previous column.

Afreximbank appointed joint lead manager and bookrunner for Fidelity Bank Plc’s USD 400 million

11-15-2021 | 10:22:00
Afreximbank through its Advisory & Capital Markets (ACMA) investment banking arm acted as a Joint Lead Manager (JLM) and Bookrunner to place and close Fidelity Bank Plc’s USD 400 million 5-Year Senior Eurobond.

[Interview] Alioune CISS, Chief Executive Officer, Webb Fontaine, Africa

11-15-2021 | 10:19:00
Alioune CISS is the Chief Executive Officer at Webb Fontaine, a leading provider of solutions for Trade facilitation, powered by modern technology including artificial intelligence across different African countries

[DRC] IFC and Equity Group Partner to support MSMEs with local-currency financing

11-15-2021 | 10:05:00
IFC announced a partnership with Equity Banque Commerciale du Congo that will help these smaller businesses access local currency financing in the Democratic Republic of the Congo (DRC).