[Africa Prosperity Dialogue]: Africa needs modern, harmonised regulations for universal broadband coverage
MTN Group President and CEO Ralph Mupita has called for the modernisation and harmonisation of regulatory frameworks across Africa as well as the collective effort of all stakeholders to ensure that the continent can deliver universal broadband coverage by 2030.
Apparel Group aims to significantly expand Steve Madden’s footprint in the GCC, Africa, Türkiye, CIS countries and South Asia.
Phatisa takes a significant minority stake in The Manipal Group Company – MHL International Holdings Limited – a leading printing & packaging provider, particularly into the food & beverage sector
AfDB, Government of Canada announce funding facility to grow agriculture small and medium enterprises
The Agri-food SME Catalytic Financing Mechanism aims to catalyze and de-risk investment for agriculture SMEs, as well as strengthen agricultural value chains and improve food security across the continent.
Spotcovery, serving as a bridge between African Americans and Africans, launches optimization tool on site
Spotcovery, the innovative media platform that connects descendants of the African continent while promoting culture, creativity, entrepreneurship and economic growth, has launched the Slickstream optimization tool on its website.
CellPoint Digital, the London-based pioneer of Payment Orchestration, has announced it is partnering with Akwaaba, a multinational food, grocery and household goods retailer.
Heifer International to partner with Mastercard to empower millions of smallholder farmers in Africa
Heifer International and Mastercard have announced an agreement to connect millions of smallholder farmers in Sub-Saharan Africa to Mastercard's Community Pass – a digital platform that makes it safer and easier for farmers to get paid more and faster for their produce.
This latest initiative will focus on enhancing five existing Internet exchange points (IXPs), to improve Internet access by making it faster and more affordable, thus positively impacting Internet users in the regions they are placed in.
AfDB’s Affirmative Finance Action for Women in Africa hits $1 billion investment milestone in lending to women entrepreneurs in Africa
The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative has reached a landmark $1 billion in approved funding designated for lending to African women entrepreneurs.
The Fund exceeded its first close minimum threshold, achieving 75% of its target size, and attracting institutional and commercial investors who have invested in previous Adenia funds, as well as new investors.
Orange, a major partner of Esport in Africa and the Middle East is organizing the regional grand final of the pan-African “Orange Esport Experience” championship on January 28 and 29, 2023, in Abidjan.
Kenya's Shadrack Kiprotich is the 2022 recipient of Microsoft's Most Valuable Professional (MVP) Award for actively sharing high-quality expertise with other technology professionals.
YahClick and Canar Telecommunication Co. Ltd sign USD15 million deal to boost operations and digital services in Sudan
Création en Côte d’Ivoire de Dalia Hospitality, premier fonds d’investissement dédié au secteur du tourisme en Afrique et en Europe.
Le Fonds Souverain d’Investissements Stratégiques (FONSIS) et l'institut Mondial pour la croissance verte (GGGI) ont conclu un Protocole d’accord autour d’un programme d’entreprenariat vert « accroitre l’investissement et l’accès à la finance climatique au Sénégal ».
Le Groupe de la Banque africaine de développement prévoit d’investir dix milliards de dollars au cours des cinq prochaines années pour aider l’Afrique à éradiquer la faim et devenir le principal fournisseur de denrées alimentaires pour elle-même et pour le reste du monde.
Sasol the South African Company partnered with Algerian, Sonatrach for the production of hydrogen and low carbon syngas in Italy.
Les partenaires vont investir 30 milliards de dollars pour stimuler la production alimentaire en Afrique
Les partenaires au développement sont convenus d’investir 30 milliards de dollars pour soutenir la détermination du continent à stimuler la productivité agricole et à devenir un grenier pour le monde.
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.
In his new role, Mucheru will support the company to deliver its growth goals, navigate the regulatory landscape, and build the firm’s presence across the African continent.
TradeMark East Africa has officially rebranded to TradeMark Africa (TMA) following all necessary regulatory approvals in most countries of operations across the East, Southern and Horn of Africa region.
The African Development Bank (AfDB) and the UN’s International Fund for Agricultural Development (IFAD) are joining forces to address the structural problems hampering agricultural productivity in Africa through a new programme aimed at feeding Africa sustainably.
The Alliance for Commodity Trade in Eastern and Southern Africa (ACTESA), has developed a Seed Information System which will be used to measure performance of the COMESA Seed Trade Harmonization Implementation Plan (COMSHIP).
About 16 million pay TV subscribers will be added in Africa between 2022 and 2028 to take the total to 57 million. This is according to the latest report by Research and markets.
With stable internet connectivity spread out throughout the continent, and greater bandwidth being consumed, we can finally drive down the cost of connectivity.
Azercosmos partners with CommsCarrier to bring internet services to government organizations in Africa
Azercosmos has signed a collaboration agreement on long-term projects with CommCarrier Satellite Services, the provider of satellite services in Kenya.
Le Ministre Mamadou Touré lance officiellement l’initiative "startup boost capital" dotée de 1 milliard de FCFA.
African Guarantee Fund (AGF) has partnered with Frankfurt-based bettervest, a crowdfunding platform, to increase financing of sustainable SME projects in Africa.
A new report by Surfshark in partnership with internet watchdog NetBlocks has revealed that nearly a third of a billion Africans were affected by internet shutdowns in 2022.
The African Development Bank Group, will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world.
Tridiv Vasavada, Chief Technology Officer at Wasoko, Africa’s largest B2B e-commerce network, explores three key industry trends to look out for this year.
The technology world was on fire about the latest artificial intelligence demonstration by OpenAI in the waning months of 2022, ChatGPT.
The partnership will see Moneygram offer transfer services via Astra’s United Arab Emirates-based communications company Botim.
The new card was announced will allow ZoodPay to scale its offerings and provide BNPL solutions to customers and merchants without being restricted to the ZoodPay network.
Euromonitor’s annual report aims to help organizations stay ahead of disruption, predict consumer shopping motivations and fulfil unmet consumer needs.
Given the transportation sector is the second highest contributor to greenhouse gas emissions, the urban logistics sector in Africa and across the globe urgently needs to adopt new technologies and business models to fight climate change, which disproportionately affects African countries.
Oxford Insights highlights this because governments require the appropriate environment to support AI development - including adequate data infrastructure, and an innovative vision to implement progress at the state level.
Serviced office space provider, Workstyle Africa, has partnered with SNDBX International, a business growth ecosystem, to open five one-stop-shop entrepreneurship centres and workspaces in East Africa.
Agriculture deals worth multi-million dollars to be struck next month as investors throng the Kenyan capital for the 6th edition of Africa Agri Expo (AAE) in February 2023.
GITEX Africa is launched in partnership with the Digital Development Agency, a public agency leading the Moroccan government’s digital transformation agenda under the authority of the Moroccan Ministry of Digital Transition and Administration Reform.
Nigeria, Egypt and Kenya to be among the top 10 countries to benefit from adaptation investment, study
Failure to invest the bare minimum needed to withstand projected climate damage could cost emerging markets hundreds of billions in climate damages and lost GDP growth this decade, according to a new study by Standard Chartered.
OKX, one of the world’s leading cryptocurrency platforms and Web3 technology companies, launched its Copy Trading tool to its global user base on its Social Trading platform.
Total funding invested into tech startups on the continent reached $6.5B, an increase of 8% vs 2021, spread across 764 deals - compared to 724 rounds in 2021.
[Rapport Partech Africa 2022] : Ecosystème tech africain continue de se développer avec $6,5 milliards en 2022
Dans un contexte de recul drastique du financement par capital-risque à l’échelle mondiale, l’écosystème tech africain se distingue avec une croissance de + 8 % par rapport à 2021.
FIFA has launched FIFA Digital Skills, an educational programme designed to develop the expertise of professionals in the global football community on all things digital, through a dedicated e-learning platform and a series of live masterclasses.
The forces driving growth of the African Tech ecosystem have prevailed against the headwinds-Partech Report
Funding for the African Tech ecosystem sector grew +8% to US$6.5B, through 764 rounds, with debt funding doubling in the year (+102% to US$1.5B in 71 rounds) to compensate for a slight decline in equity rounds (-6% to US$4.9B in 693 rounds).
The importance of digital products is not in dispute. In today's economy, selling digital products can be a successful strategy for shop owners to bring in new customers and expand their businesses
The retail industry is one of the few sectors of the economy that emerged from the pandemic relatively unscathed.
The defining leadership challenge of 2023 will be navigating the silent war brewing between employers and employees. “What war?”, you may ask. Perhaps it is easier to explain it as a series of battles happening on many work fronts.
Kaspersky researchers recently uncovered a new spam campaign spreading through direct messages on Twitter and stealing the cryptocurrency of affected users.
The Islamic Corporation for the Development of the Private Sector (ICD) has signed a new program worth $120 million for the year 2023 to propel private sector-led development in Egypt.
Sanlam Private Equity has announced the acquisition of controlling interest in integrated waste management company, SkipWaste.
Africa50 investit dans Scanning Systems pour construire des postes de contrôle juxtaposés afin de stimuler le commerce régional et la ZLECA.
At least 95% of cloud security failures in the next three years will be the customer’s fault, according to Gartner. Unsurprisingly, the biggest threat to security is people.
The selected startups will receive an intensive three-month coaching and support program to accelerate their growth and benefits worth $750,000 USD.
A major new report by World Travel & Tourism Council (WTTC) and Trip.com Group, together with Deloitte, reveals a heightened appetite for sustainable tourism amongst consumers, with 69% of travellers actively seeking sustainable travel options.
Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024.
Gavi, the Vaccine Alliance has announced the launch of INFUSE 2.0, an innovation scaling hub to accelerate immunisation systems upgrades for the world's most in-need countries.
The agreement signed at the British Embassy in Cairo, aims to strengthen and enhance the cooperation between UK Export Finance and Hassan Allam Holding to further secure inward investment into the UK and to promote cooperation on financing projects and encourage trade between the UK and Africa.
Included in the report is an in-depth look at the challenges facing nations, especially smaller and developing nations, to gaining equal access to digital economies.
Microsoft is the latest corporation to announce massive job cuts, a move that will cost the company $1.2 billion in severance costs.
Cybercrime group Bluebottle has been targeting companies in the financial sector in French-speaking African countries with a combination of spear phishing attacks and malware centred around job opportunities, Kaspersky warned.
Researchers at Kaspersky’s Security Services shared their predictions for this year’s trending cyberthreats that large businesses and government structures should prepare for.
L’African Private Equity Fellowship propose ainsi à de jeunes professionnels talentueux de rencontrer leurs pairs et leurs aînés lors de cet « executive programme », avec la collaboration des principaux gestionnaires de fonds du continent.
Proparco et Bic-Bred (Suisse) SA ont signé un partenariat, sous la forme d’une participation en risque dans une facilité de financement octroyée à Céréalis.
Global law firm Norton Rose Fulbright has announced a new Africa leadership group to help steer its acclaimed, Tier 1 Africa practice.
[South Africa] Red Hat Announces Intent to Reach Net-Zero Operational Greenhouse Gas Emissions by 2030
Red Hat, a leading provider of open source solutions, today announced its ambition to achieve net-zero operational greenhouse gas (GHG) emissions by 2030 to address the global climate crisis.
Zeepay, one of Africa’s leading and fast-growing fintech companies in Mobile Financial Services, was awarded the best company in Ghana at the 19th edition of the Ghana Club 100 Awards in Accra.
Epson’s Regional Head for East and West Africa, Mukesh Bector explores the trends that will shape the workplace of 2030 and how businesses can prepare for the future
Advancing Women in Investing (AWI) is excited to be part of the $1 million seed round for Uncover alongside FirstCheck Africa, Future Africa, and IgniteXL as well as angel investors ex-SokoWatch COO Kwenhui Tawah and WPP Scangroup CEO Patricia Ithau.
Aruwa Capital Management to announce a follow-on investment into AgroEknor International, a fast-growing hibiscus flower exporter and wellness brand.
USAID will work with Congress to provide $50 million for the fund, the first-of-its kind private sector partnership fund dedicated to launching partnerships that leverage business capabilities and influence commercial operations to advance development objectives.
The transaction builds on a partnership with AFC that began in 2012 and has resulted in several loans from DEG, including a recent US$170 million 12-year loan in 2021.
Seven African tech companies wooed investors, networked and showcased their products at two of the world’s biggest tech gatherings in Europe.
African Stream, a newly created social-media platform with its headquarters in Nairobi, Kenya brands itself as a tool that seeks to challenge negative stereotypes and give a voice to Africans through cutting-edge, African-centered content.
African mobile game publisher Carry1st raises $27M in funding round led by Bitkraft Ventures.
Africa Fertilizer Financing Mechanism welcomes $10.15 million from the Norwegian Agency for Development Cooperation to boost fertilizer supply to 850,000 African smallholder farmers.
Zenlayer, a massively distributed edge cloud services provider, and Cyxtera, a global player in data center colocation and interconnection services, have announced a partnership to bring high-performance cloud connectivity to global emerging markets
JDE selects Orange Business Services for future-proof and scalable connectivity infrastructure to support global business expansion.
[Column] Bonisiwe Tshabalala: Five technology priorities for enhancing the African healthcare sector
What actions can African countries, healthcare providers and healthcare organisations take to improve the provision of health services to the continent’s 1.4 billion citizens?
Mastercard and Ubirider partner to provide mobility-as-a-service solutions for transit operators globally
Through this partnership, Mastercard and Ubirider will look to expand on the early success of the products in Portugal to simplify access and payments for mobility services.
The International Islamic Trade Finance Corporation (ITFC) and the Islamic Solidarity Fund for Development (ISFD), both members of the Islamic Development Bank (IsDB) Group, have announced the signing of the Trade Finance Support Program for the least developed member countries (LDMCs) affected by the COVID-19 and the food security crises.
Ubalijoro will be the first African woman Director General of a CGIAR Research Center and CEO of two Centers in CGIAR’s 52-year history.
Growing dependency on smartphones, increasing penetration of the internet and the thriving media and entertainment industry are among the key factors stimulating the growth of the online music streaming market worldwide.
Low-carbon investments to rise by $60b in 2023 as inflation weakens, hydrogen and CCUS spending to surge, Rystad Energy
Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and CCUS infrastructure, Rystad Energy research shows.
The material used for building the tower emits less CO2 than steel, the alternative
Eutelsat bridges digital divide in Africa by providing ubiquitous and affordable connectivity services
Half a year into the pledge, Eutelsat is proud to share that the 200,000-user mark for its Konnect Wi-Fi hotspots has already been reached, a significant milestone acknowledged by the 2022 Partner2Connect Annual Report.
Through its Youth Protocol, the AfCFTA recognises that young people can play a critical role in the achievement of the free trade zone by initiating youth-led initiatives in agriculture, financial technology, IT and in the creative industry.
Huawei has earned top recognition from CDP, a global non-profit that runs the world’s first environmental disclosure system for companies, cities, states and regions, for the firm’s actions on climate change and transparency of disclosures.
Following a year of disruption caused by Russia’s invasion of Ukraine, supply chain disruptions and record-breaking inflation, we look to the year ahead and what 2023 might have in store for manufacturers and distributors.
Airtel Africa announced that its Nigerian subsidiary, Airtel Networks (Airtel Nigeria), has purchased additional spectrum for network expansion in Africa.
Ghana, Nigeria, Kenya and South Africa were the main contributors to this rise in finance app installs, with the former largely bolstering this by a massive 200%.
L’Allemagne et le FIDA unissent leurs forces pour mobiliser les financements privés en faveur des communautés rurales sur le continent africain.
The facility, co-ordinated by Bank of America, Mizuho and SMBC Bank International is Standard Bank Group’s inaugural sustainability-linked loan.
As businesses continue evolving to meet changing customer behaviour, the uptake and investment in cloud unified communications platforms and tools will continue to soar.
Sub-Saharan Africa recorded losses worth $261 million from 9532 hours of internet shutdowns that affected 132.2 million people.
Sama, Facebook's largest content moderator has discontinued its services for the social media company. Following this shift, Sama will release about 3% of its workforce, most of them from its moderation hub in Nairobi.
enza will focus on providing native digital payments capabilities to service institutions that want to enable their customers to accept or make electronic payments.
Le fonds de capital-risque et accélérateur Catalyst Fund a annoncé un investissement de 2 millions de dollars dans 10 start-ups développant des solutions pour améliorer la résilience des communautés les plus vulnérables au changement climatique en Afrique.
USAID Announces Four New Public-Private Partnerships Under the Digital Invest Program to Support Digital Finance and Internet Service Providers.