News

STANLIB Infrastructure Fund II to acquire stake in Upington Solar

02-06-2023 | 13:21:52
STANLIB Infrastructure Fund II has agreed to acquire a majority stake in the 258 MW Upington Solar Power complex from two Norwegian investors, Scatec and Norfund.

Sophos Discovers Fake Apps Found on Apple’s App Store Used by Cybercriminals for CryptoRom Schemes

02-06-2023 | 13:15:00
Sophos on Wednesday released new findings on CryptoRom scams—elaborate financial fraud schemes that prey on and trick dating app users into making fake cryptocurrency investments.

[South Africa] Grocery delivery startup Yebo Fresh raises 4.5 million in pre-Series A

02-06-2023 | 12:51:00
Yebo Fresh, a South African grocery delivery startup has raised $4.5m in a pre-series A equity funding round. The pre-series A investment was led by Enza Capital.

NSE amends trading rules to support block trades in Kenya

02-06-2023 | 11:28:42
The Nairobi Securities Exchange (NSE) has amended its Trading Rules to allow for Block Trades, following a green light from the regulator Capital Markets Authority (CMA) on 30th January, 2023.

Ethiopian set to launch passenger service to Copenhagen, Denmark

02-06-2023 | 11:16:00
Ethiopian Airlines is set to launch a new passenger flight to Copenhagen, Denmark effective 22nd May 2023. The new flight will be operated five times a week except on Tuesdays and Sundays.

Oikocredit partners with MyCredit to fund SMEs in Kenya

02-06-2023 | 10:52:56
Social impact investor Oikocredit, approved a loan facility of $2.6 million to MyCredit, to support businesses and local communities to achieve greater financial freedom through tailor-made loans to SMEs, professionals and civil servants.

[Cameroun]: La BAD forme ses pays membres régionaux au prisme de la fragilité

02-06-2023 | 10:52:00
Le Bureau de coordination des États en transition de la BAD a organisé un atelier de formation à Yaoundé, pour renforcer les capacités des pays membres régionaux et des Communautés économiques régionales en matière d’application stratégique et opérationnelle du prisme de la fragilité.

Olaseni Alabede joins MFS Africa’s Global Technology Partners as new CTO

02-06-2023 | 10:45:00
Olaseni Alabede, a veteran of the payments technology sector has joined Global Technology Partners (GTP), an MFS Africa company, as chief technology officer (CTO).

Husk becomes first profitable minigrid company in Africa and Asia

02-06-2023 | 10:33:09
Owner of the largest fleet of community solar minigrids with 150 in operation, Husk was EBITDA positive in its primary markets of Nigeria and India in Q4 2022.

RESPITE launches activities to increase grid-connected renewable energy in West Africa

02-06-2023 | 10:29:00
Activities under the new Regional Emergency Solar Power Intervention Project (RESPITE), officially kicked off in Freetown to increase electricity access to millions of existing and prospective consumers in Chad, Liberia, Sierra Leone, and Togo.
 
Features

[Column] Tejpal Bedi: The hybrid workplace: Rethinking security in the new world of work

02-06-2023 | 13:28:47
The rise of the hybrid workplace model has certainly brought about new challenges for companies in terms of connectivity and security – but also new opportunities for those who can navigate this transition safely and successfully

[Interview] Seyi J. Matanmi, Founder, Hosteet, Nigeria

02-06-2023 | 11:13:00
Seyi J. Matanmi is a technology product developer and entrepreneur. Educated in software development, research and analytics, he currently leads the cloud services outfit, Hosteet, operating out of Lagos, Nigeria.

[Column] Zunaid Miya: How small businesses can go digital – and why they have no choice

02-06-2023 | 07:49:56
Mastercard’s New Payments Index 2022, published late last year, found that 95% of consumers in South Africa used at least one emerging digital payment method in the last year, with usage expected to increase further.

[East Africa Business Week] Bob Koigi: Improving business competitiveness in the region: The case of TradeMark Africa

02-03-2023 | 13:05:00
As it rebrands to TradeMark Africa, TMA, in its bid to grow its continental footprint, aid for trade institution formerly known as TradeMark East, boasts of having made a lasting mark in East Africa where it has operated for over ten years.

[Startup Interview] Don Okoth, General Manager, Sendy, Kenya

01-30-2023 | 12:52:00
Don Okoth is General Manager for Kenyan Fulfillment and Logistics startup Sendy. In this interview, he talks about the current state of logistics in Kenya and beyond, including Sendy's role in shaping the industry.

[Interview] Chris Okoro, CEO, Eunisell Interlinked, Nigeria

01-30-2023 | 11:46:00
Chris Okoro is an entrepreneur and business strategist skilled in the Financial Services and Engineering sector. He's currently the Managing Director and CEO of Eunisell Interlinked Plc., Nigeria.

[Column] Patrick Evans: Governing cybersecurity from the top as a strategic business enabler

01-30-2023 | 08:32:00
C-Suite executives still don’t take cybersecurity seriously enough while boards are not nearly as engaged in cybersecurity as they are in other areas of oversight, says Patrick Evans, CEO of SLVA CyberSecurity.

[East Africa Business Week] Bob Koigi: What the entry of Somalia to the EAC means for region

01-27-2023 | 13:30:00
This week, The East African Community (EAC) officially launched the verification mission to assess the Federal Republic of Somalia’s readiness to join the Community.

[Column] Christopher Mwangi: Connecting Africa’s potential metre by metre, country by country

01-26-2023 | 15:44:29
With stable internet connectivity spread out throughout the continent, and greater bandwidth being consumed, we can finally drive down the cost of connectivity.

[Column] Tejpal Bedi: IoT innovation: Connected systems and opportunities for Kenyan businesses

01-26-2023 | 13:53:37
With an estimated global market value of $478.36 billion this year, which is set to grow exponentially, IoT technology has the potential to become the next-generation business solution and enabler of new digital functions and services.