Prophius partners with Mastercard to launch Tap on Phone payments to Small Businesses in Sub-Saharan Africa
Financial technology company Prophius has announced the launch of its PayContactless solution certified by Mastercard – a contactless acceptance solution that turns any NFC-enabled Android device into a physical point of sale.
[Column] Batya Blankers: How an income share agreement can improve access to quality education for Sub-Saharan Africa
Tertiary education has long been positively associated with economic development. While definitions and contexts can vary, tertiary education generally refers to any formal skills development beyond high school or secondary school.
Climate change is intensifying food insecurity across sub-Saharan Africa, where Russia’s war in Ukraine and the pandemic are also adding to food shortages and high prices.
Avanti Communications selects Clear Blue Smart Off-Grid to power eLearning offering across Sub-Saharan Africa
Clear Blue to be the exclusive off-grid power provider for Avanti’s eLearning services for 3,000-5,000 schools in Africa, with high volume rollouts expected from late 2023 through 2025
Meta launches ‘Creators of Tomorrow’ campaign celebrating emerging talents from across Sub-Saharan Africa
Meta has announced the launch of 'Creators of Tomorrow', a new campaign that celebrates emerging talents from around the world who are inspiring a new movement of creative content online.
Rockefeller Foundation invests in satellite data and AI to accelerate economic development, climate resilience in Africa
The Rockefeller Foundation announced a new $5.5 million collaboration with e-GUIDE and Atlas AI to accelerate economic development and promote climate resilient infrastructure investment across sub-Saharan Africa.
UTM Offshore Limited (UTM) signs MoU to raise $2 billion for the floating liquefied natural gas plant
UTM Group of Companies signed the MoU for the development of the first Floating LNG production plant with Afreximbank, raised an initial sum of $2 billion for the first phase, with a commitment for $3 billion in the second phase.
The IMF is predicting sub-Saharan Africa’s economy will expand by 3.7% this year and 4% next year and warns that the impact of Russia’s invasion of Ukraine and the global shock to oil and food prices is affecting the region, which is recovering from the after-effects of the COVD-19 pandemic and US interest rate rises.
Le Togo et plusieurs pays d’Afrique subsaharienne vont bénéficier d’un financement américain, dans le cadre d'un programme de renforcement de la démocratie sur le continent.
SkyMax”, a multinational wireless communications engineering company, and Ericsson have signed a MoU to create a partnership aimed at building a next generation 5G broadband network, inclusive of a digital services delivery platform, across Sub-Saharan Africa (SSA).
Marie-Laure Akin-Olugbade as Acting Vice President for Regional Development, Integration and Service Delivery
The African Development Bank has appointed Mrs. Marie-Laure Akin-Olugbade, née Ndongo-Seh, as Acting Vice-President of its Regional Development, Integration and Business Delivery Complex, with effect from 1st August 2022.
Finnfund invests in Wave, a mobile money provider bringing affordable services to Sub-Saharan Africa
That momentum is limiting the headwinds of the Covid pandemic and government financial restraints, global inflation, logistics logjams, and complementing the tailwinds found in the tremendous financial commitments from development agencies.
MIGA has issued guarantees covering a $200 million investment into companies providing digital financial services under the Airtel Money brand in 12 African countries.
Rockefeller Foundation launches Vaccination Action Network to strengthen health systems across sub-Saharan Africa
The Rockefeller Foundation announced the launch of the Vaccination Action Network (VAN), a $7.4 million locally-led, peer-to-peer learning initiative designed to engage public health decision-makers across sub-Saharan Africa.
IFC and Jubaili Agrotec announced a partnership that will support the company to expand its regional footprint and increase thousands of smallholder farmers' access to key inputs such as fertilizer used to protect crops and increase food production.
Le Fonds eco.business s'est associé à son tout nouveau partenaire, Oragroup, pour financer des industries agroalimentaires d'Afrique subsaharienne titulaires de certifications volontaires de durabilité, au moyen d'un prêt senior de 15 millions d'euros.
The KnowBe4 and IDC Impact of Cyberextortion on Africa report released in June 2022 has revealed a complex cybercrime landscape in sub-Saharan Africa (SSA) with data leakages, insider threats, malicious emails and targeted attacks continuing to seriously impact business security in the region.
Africa has the youngest population in the world, representing an enormous opportunity for the continent’s growth and the opportunity to become leaders as global citizens – provided these energetic, creative young people can achieve their true potential.
PerkinElmer, Novartis join forces to address the unmet need of sickle cell disease in sub-Saharan Africa
PerkinElmer, a global player committed to innovating for a healthier world, announced it is collaborating with Novartis, a global medicines company, to expand newborn screening for sickle cell disease (SCD) in sub-Saharan Africa.
Intracom Telecom announced the supply and deployment of its Fixed Wireless Access ecosystem, the WiBAS Point-to-MultiPoint (PtMP) and the uniMS platform, by the operating company of one of the largest mines in the world, located in Africa.
[Column] Alexandra Fraser: Angel investors plugging the early-stage funding gap in sub-Saharan Africa
To fill the early-stage funding gap, the continent urgently needs more investors.
Artificial Intelligence project vastly increases HIV patients on sustained treatment in sub-Saharan Africa
A collaboration between health technology innovators Vantage Health Technologies and the Institute of Human Virology Nigeria (IHVN) has led to a breakthrough and new hope for patient retention in the region.
Sub-Saharan Africa represents one of the last major growth regions globally for mobile services, forecast to contribute 29% of global subscription growth this decade, according to the latest research from Strategy Analytics.
Orange Corners (OC) and AstraZeneca have announced a new partnership to support the Orange Corners programme in the Palestinian Territories focused on creating an enabling environment for young entrepreneurs.
[Kenya] Habitat for Humanity launches new ShelterTech accelerator, seeking affordable housing innovations in SSA
Global nonprofit organization Habitat for Humanity has opened applications for the ShelterTech sub-Saharan Africa accelerator program.
To boost access to finance for women-owned micro, small and medium-sized enterprises in Tanzania, IFC invested in sub-Saharan Africa's first Gender Bond listed by Tanzania's NMB Bank Plc.
The revised and refreshed Norsad brand aligns with its objective of powering growth across sub-Saharan Africa by providing tailor-made debt solutions to companies that are financially, socially and environmentally sustainable.
Marriott International has appointed Richard Collins as its Area Vice President for Sub-Saharan Africa. In this new role, Collins oversees the company’s managed operations in the region and will be based out of the company’s Cape Town office.
The Global Alliance for Livestock Veterinary Medicines (GALVmed) has partnered with Elanco Animal Health to launch a new initiative to manage ticks and tick-borne diseases in Africa.
Gas output from Sub-Saharan Africa set to double by 2030, driven by deepwater developments, Rystad Energy
Untapped natural gas supplies in Sub-Saharan Africa are set to be unleashed this decade, with output more than doubling from 1.3 million barrels of oil equivalent per day (boepd) in 2021 to 2.7 million boepd in 2030 due to vast undeveloped deepwater resources.
Enabling Europe to tap into West Africa’s abundant natural gas supplies, the Trans-Saharan Gas Pipeline is expected to boost exploration in The Republic of the Niger and expand its energy industry.
Proparco announced the signature of the CREA Fund (Creative Enterprise Action Fund) Facility, designed to support the Cultural and Creative Industries in Sub-Saharan Africa.
Ecobank Cape Verde, official sponsor of the Cape Verde pavilion at Expo 2020 Dubai aims to help attract foreign direct investment and investors in key sectors such as tourism, ICT, finance and infrastructure
Over the past two decades, important progress has been made in implementing services to prevent mother-to-child (vertical) transmission of HIV and to access and uptake of HIV testing for infants and children in countries with a high HIV burden.
AgBiome's research is focused on developing biological pest control solutions for the following crops: maize, sorghum, banana and yam.
Netflix, the world’s leading entertainment streaming service, has announced a commitment of $1 million towards the newly-established Netflix Creative Equity Scholarship Fund (CESF) for film and TV students in Sub-Saharan Africa.
The growing problem of cybercrime requires countries to build effective laws, policies, and international cooperation frameworks, said Head of the Rule of Law at the Commonwealth Secretariat.
MIGA, a member of the World Bank Group, issued a Master Contract to Kasada Hospitality Fund that will provide guarantees up to $270 million to lead the redevelopment and construction of hotels in Sub-Saharan African countries.
Google Cloud is teaming up with Comair, operator of the British Airways brand and the Kulula budget carrier in Sub-Saharan Africa, to accelerate the aviation group’s digital transformation plans.
The pooled funds comprise €7 million provided by the African Development Bank and a €3.5 million contribution by the European Union and the Organization of African, Caribbean and Pacific States.
A climate-smart crop insurance scheme introduced in Kenya has come to their rescue by combining satellite data and smartphone imagery to provide farmers with much needed protection.
The infographic highlights key Meta successes and milestones across the region, whilst reinforcing its continued commitment to Africa.
USTDA partners with Africa Investment Forum to support infrastructure solutions for sub-Saharan Africa
The U.S. Trade and Development Agency (USTDA) launched a Memorandum of Understanding with the African Development Bank’s Africa Investment Forum (AIF) to support high-quality infrastructure solutions for sub-Saharan Africa.
The Vaccine Alliance approved an investment to support the malaria vaccine introduction, procurement and delivery for Gavi-eligible countries in sub-Saharan Africa in 2022-2025.
Novartis launches virtual innovation hub to accelerate digital health solutions in sub-Saharan Africa
The hub will focus on cross-sectoral partnerships to accelerate innovative approaches to increase affordable access to high-quality medicines and sustainably strengthen health systems.
Papa John's International announced its expansion into Sub-Saharan Africa with its newest franchise partner Kitchen Express LTD, a subsidiary of AAH Limited, the majority shareholder of Hass Petroleum Group.
FMO partners with Northern Arc Capital to support young, female, migrant and COVID19-affected entrepreneurs
NASIRA is a risk sharing facility provided by FMO for local financial institutions lending to underserved segments.
Symbiotics and Oikocredit invest US$ 30.75 million to support West Africa cocoa and cashew value chains
Symbiotics, and Oikocredit have extended a loan to the value of $30.75 Million to Agri Commodities & Finance FZ-LLC, the UAE subsidiary of Export Trading Group (ETG).
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.
GE Healthcare and medical group AFRIPHARMA announce the opening of the Afri-Egypt Health Services Center, a first of its kind in Uganda with lifesaving equipment from GE Healthcare.
Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the COVID-19 pandemic with growth expected to expand by 3.3 percent in 2021. This is one percent higher than the April 2021 forecast according to the latest edition of Africa Pulse.
Avanti Communications, the leading provider of high throughput satellite capacity across EMEA, announced the launch of Avanti EXTEND, a new managed satellite service for rural connectivity.
Globacom selects Eutelsat’s Konnect Africa to bring satellite broadband to underserved regions of Nigeria
Eutelsat Communications and Globacom signed a multi-year, multi-Gbps wholesale capacity contract, enabling Globacom to extend its coverage beyond the reach of its terrestrial infrastructure, leveraging the EUTELSAT KONNECT satellite.
The OPEC Fund is participating in Mauritius Commercial Bank’s (MCB) $1 billion syndicated term loan facility for an amount of $42.5 million.
The capital will support the continued growth of the ICT sector in the continent, helping to boost development of necessary infrastructure and providing rural and underserved communities with access to affordable mobile connectivity.
Jobberman, the single largest job placement website in sub-Saharan Africa, has today announced its Alliance for Better Work initiative, as part of its longstanding partnership with the Mastercard Foundation.
CDC commits over $50m to expand digital infrastructure, boost rural connectivity across sub-Saharan Africa
CDC Group, the UK’s development finance institution (DFI) and impact investor, has announced commitments totalling $50.9 million to expand digital infrastructure, boost rural connectivity and accelerate digital technology access.
Currently available in South Africa, Ethiopia, Kenya and Nigeria, Marketplace is a convenient destination where people can discover, buy and sell items from others in their local communities, simply by tapping on the Marketplace icon to browse and search for items, or filter by distance or category.
The United States and international partners are investing $80 billion in Africa’s private sector to help end the COVID-19 pandemic and spur sustainable growth.
IFC will extend up to US$160 million of debt funding to Kasada, backing its plan to support the hospitality sector and instil globally recognised ESG practices in its hotels.
REGMIFA, the Regional MSME Investment Fund for Sub-Saharan Africa, has attracted a further $10 million from Dutch-based entrepreneurial development bank FMO.
IFAD launches new financing programme to boost private funding of rural businesses and small-scale farmers
Rural businesses will get a boost from new financing programme launched by the UN’s International Fund for Agricultural Development (IFAD), as part of its broader efforts to address rising hunger and poverty levels in the world’s poorest countries.
Ericsson projects that 5G mobile subscriptions will exceed 580 million by the end of 2021, driven by an estimated one million new 5G mobile subscriptions every day.
In fact, 68% of SMEs in Sub-Saharan Africa are projecting revenues that will either grow or hold steady. Almost half (48%) are projecting an increase.
IFC and Holmarcom, a Moroccan business group, have partnered to boost access to insurance products in Morocco and select countries in sub-Saharan Africa, with IFC investing in Holmarcom Insurance Activities.
Kowry Energy wins Rolls-Royce Power Systems as an investor as it launches across Sub-Saharan Africa. The Berlin-based company will empower local, independent energy companies with decentralized energy systems.
Professor Silas Lwakabamba has been appointed to chair Coventry University's new Africa hub, an exciting journey to be part of an institution with great potential to make a difference for the African economies.
Rice sector players in sub-Saharan Africa and Asia are set to lead discussions on accelerating progress in rice research & development, inclusive markets & value chains.
To help expand banking services to low-income populations in sub-Saharan Africa, the International Finance Corporation (IFC), has partnered with Nigeria's Lift Above Poverty Organization (LAPO), to expand its microfinance business.
Desalytics Water Solutions, a company specializing in the distribution of water treatment and water quality consumables, has strengthened its operations in Sub-Saharan Africa with the closing of its acquisition in Kenya.
eco.business Fund receives €85m for biodiversity conservation in Latin America and sub-Saharan Africa
The eco.business Fund received an investment of €85 million from its strategic partner, the German Federal Ministry of Economic Cooperation and Development (BMZ) via KfW Development Bank.
The expansion, which will include the availability of backhoe loaders, excavators, wheel loaders, motor graders, and crawler dozers, will be sold and supported by independent, newly appointed John Deere dealers, to be announced.
Two FAO-designed projects, one focusing on agroforestry in sub-Saharan Africa and the other on water management in the Near East, received $80 million, paving the way to improve the livelihoods of smallholder farmers.
Facebook has announced the launch of Instagram Lite to Sub-Saharan Africa, a new, lightweight version of the Instagram app for Android that uses less data and works well across all network conditions.
ReSurge International, a global nonprofit specializing in reconstructive surgery, launched ReSurge International Program in Africa (RIPA), to increase access to safe reconstructive surgical care in Eastern, Central and Southern Africa.
South Africa has been ranked the highest in food security out of 28 countries in sub-Saharan Africa (SSA). This according to the latest Global Food Security Index (GFSI) report, despite an overall decline in food security.