Zoom Drives Innovation of Video Communications with New Solutions to Empower the Hybrid Workforce
AfDB and Ethiopia sign $118 million to support agro industrial park, youth employment and power interconnection
The African Development Bank Group (AfDB) and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti.
Pfizer and BioNTech partner with Biovac to manufacture and distribute COVID-19 vaccine doses within Africa
Pfizer and BioNTech expect that Biovac’s Cape Town facility will be incorporated into the vaccine supply chain by the end of 2021.
He will be based out of Pune, India. Gaganjot Singh succeeds Marc Pasquet, who has been called to other functions in the Michelin Group.
Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders.
Pan-African banking group, Ecobank Group, in partnership with Microsoft, LinkedIn, GitHub and Ecobank Academy is set to provide training to equip Small and Medium-sized Enterprises (SMEs) across sub-Saharan Africa.
[South Africa] Convergence Partners closes its third fund at at US$120 million to drive digital inclusion in Africa
Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120 million.
To help strengthen broadband infrastructure and improve online access to digital services for individuals and businesses in more than 12 countries in sub-Saharan Africa, IFC has invested in a new fund by Convergence Partners Africa.
[Column] Cathy Smith: Sustainability or extinction: what African enterprises need to know about the next ten years
Businesses and countries across the continent are attempting to rebuild following the devastating economic impact of the pandemic.
AfDB launches extractives sector project to stimulate domestic resource mobilization in Africa’s transitional countries
The African Natural Resources Centre of the African Development Bank (AfDB), has launched a first of its kind Financial Modelling for the Extractives Sector (FIMES) project aimed at strengthening domestic resource mobilization.
[Africa Tech Review] Duncan Mochama: African fintechs are diversifying to offer a wide range of complementary services
Kenyan-based fintech startup Cellulant this week also received approval from Bank of Tanzania to Become a Payment Solution Service Provider.
His appointment is in line with the Bank’s objectives of strengthening its Islamic banking offering across its global network.
[Column] Tonny Tugee: Connectivity, collaboration, competition - The 3 essential Cs for Africa’s growth
If we want to develop Africa’s digital stronghold and support the continent’s growing young population, every person needs access to high-quality, low-cost connectivity.
Although Africa is not necessarily considered a focus area for the more sophisticated types of cybercriminal activity such as targeted attacks or advanced persistent threats (APTs), the continent is certainly not immune to these attacks.
Facebook, Ajua Sign Agreement to Empower African SMEs with Automated Customer Support through WhatsApp
Ajua has signed an agreement with Facebook to automate commercial interactions and customer support for businesses through WhatsApp.
REGMIFA, the Regional MSME Investment Fund for Sub-Saharan Africa, has attracted a further $10 million from Dutch-based entrepreneurial development bank FMO.
Medical Credit Fund (MCF), the not-for-profit fund for financing small and medium-sized (SMEs) healthcare companies in Africa, announced the disbursement of its first loan within MCF2.
The Coalition for Epidemic Preparedness Innovations (CEPI) and the International Vaccine Institute (IVI) today announced a new programme of clinical research which aims to expand access to COVID-19 vaccines in Africa.
Grifols, a global producer of plasma-derived medicines and provider of technologies and services for hospitals, clinics and compounding centers, announced it will establish an intravenous (IV) solutions production plant in Nigeria.
The Coalition for Epidemic Preparedness Innovations (CEPI), would partner with Shanghai Zerun Biotechnology Co., Ltd. to advance development of both COVID-19 prototype and variant vaccine candidates.
The surging demand for digital connectivity during the COVID-19 pandemic has led IFC's commitments to the telecoms, media and technology (TMT) sector in emerging markets to exceed $1 billion for the first time in one fiscal year.
Nesta Challenges launches $14.5m Afri-Plastics Challenge for African innovators in plastic waste management
Nesta Challenges announced the launch of the Afri-Plastics Challenge, involving a public competition that will reward the best solutions from across sub-Saharan Africa to addressing marine plastic waste in developing countries.
In a world where cybercrime remains rife and is only fuelled by aspects like the pandemic, there is never a moment one should not consider the implications of a cyberattack, warn Kaspersky researchers.
Virtually every week brings news of yet another high-profile cybersecurity attack on citizens, companies or governments. Over the last year, large parts of our world moved online.
Zadara, the edge cloud services provider, announced that Africa Data Centres and Global Sense have added Zadara’s edge cloud services to their marketplace.
African Export-Import Bank and Portugal’s National Association of Young Entrepreneurs have announced a 3-year partnership to support and promote Africa’s Fashion Apparel and Textile Manufacturing Industry in Portugal and across Europe.
In today’s modern and distributed enterprise, it’s more difficult than ever to proactively combat internal and external threats due to a lack of server visibility in the context of user behaviour, application updates and system configuration changes.
Medical Credit Fund (MCF), a non-profit fund exclusively dedicated to financing small and medium-sized healthcare companies in Africa, celebrated the first loan disbursement within MCF2.
[Africa Cloud Review] Simon Ngunjiri: Cloud is playing a big part in the growth of African enterprises
Analysts predict more and more businesses will be moving to cloud as businesses and their employees worldwide continue to face tremendous challenges in maintaining business continuity.
L’association Light On organise, jusqu’au 31 juillet prochain, avec le soutien du Groupe de la Banque africaine de développement et d’autres partenaires, le concours « Salon de l’énergie et du développement durable » (SEDD for Innovation).
[Mauritanie] L'AfDB accorde dix millions d’euros à la BCI pour renforcer le rôle des PME dans la relance économique
Le Conseil d'administration de la Banque africaine de développement (AfDB) a approuvé une ligne de crédit de dix millions d’euros à la Banque pour le Commerce et l’Industrie(BCI) de Mauritanie afin de renforcer ses activités de financement du commerce international en faveur des petites et moyennes entreprises dans des secteurs stratégiques.
Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19
The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership affirmed.
Bank of Kigali has emerged as the best Bank in Rwanda during this year's Euromoney Awards for Excellence 2021.
Not the biggest but the most profitable, that’ the strategy of Guaranty Trust Bank (GTBank) and it’s one that it is clearly achieving among its banking competitors in its home country Nigeria and also across Africa.
The UN Economic Commission for Africa (ECA) and the GSMA has called on Central Africa’s 11 governments to adopt policies to accelerate e-commerce, including better access to digital services and public-private collaboration.
Taager, an Egyptian social e-commerce startup, has raised a US$6.4 million seed funding round to help it scale its platform and expand across the Middle East.
The education sector was the hardest hit by ransomware in 2020 with 44% of organizations hit (compared to 37% across all industry sectors). This is according to a new report published by endpoint security leaders Sophos.
On behalf of the World Bank’s Africa Regions, World Bank heartily congratulate all of their Blog4Dev winners who are the torchbearers to Africa’s development journey and serve as important voices in their respective countries.
Angola’s oil and gas regulator, the National Oil, Gas and Biofuel's Agency (ANPG), achieved a milestone earlier this week when it opened bids for its 2020 onshore licensing round.
Africa Finance Corporation, le principal fournisseur de solutions d’infrastructure en Afrique, a accuelli la Banque Centrale de Guinée et la République Togolaise comme ses plus récents actionnaires, renforçant ainsi la représentation panafricaine de l’AFC.
NuRAN Wireless Inc., a leading supplier of mobile and broadband wireless infrastructure solutions, announces it has signed a Memorandum of Understanding (“MOU”) with Telinno-Consulting Limited for the in Mali, West Africa and Sierra Leone.
The Sustainable Energy Fund for Africa (SEFA), secured commitments worth $90 million from existing and new donors in the year, including from the German Ministry for Development Cooperation and the Nordic Development Fund.
Le Fonds des énergies durables pour l’Afrique obtient 90 millions de dollars de nouveaux financements
Le Fonds des énergies durables pour l’Afrique (FEDA) a obtenu des engagements de 90 millions de dollars provenant de fonds du ministère allemand de la Coopération pour le développement et le Fonds nordique de développement.
This week, Eocband has partnered with Workonline, one of the largest IP transit providers on the African continent to boost internet connectivity in Ghana.
CDC Group, l'institut de financement du développement du Royaume-Uni et investisseur d'impact, a annoncé la mise en place d'une facilité de financement du commerce de 50 millions de dollars EU au profit de Ecobank International (EBI SA), filiale du Groupe Ecobank, basée à Paris.
CDC Group, the UK’s Development Finance Institution and impact investor, announced a $50 million trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group.
With a flourishing ICT sector that has grown by an average of 10.8% every year since 2016 and as a home to some of Africa’s most innovative start-ups, Kenya’s nickname of “Silicon Savanah” couldn’t be more fitting.
CDC Group announces $50 million trade finance facility with Ecobank as part of its Covid-19 response
CDC Group, the UK’s Development Finance Institution and impact investor, has announced a $50 million trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group.
Standard Chartered and Afreximbank commit $200 million facility for African Union COVID-19 Vaccination Acquisition Programme
The collaboration between Standard Chartered and Afreximbank will help ensure that 55 countries across Africa have access to COVID-19 vaccines.
Zoho Corporation, a leading global technology company, today announced its new Business Intelligence (BI) Platform — an AI-driven data analytics solution empowering businesses to surface precise and actionable insights through self-service data preparation.
New research by Mastercard has highlighted the important role of government support in helping small and medium enterprises (SMEs) across the Middle East and Africa (MEA) to recover.
Kintor Pharmaceutical has entered into a licensing agreement with Shanghai Fosun Pharmaceutical Development on the commercialisation of proxalutamide for the treatment of COVID-19 indication in India and 28 African countries.
VOXOX, a 5G-enabled AI cloud communications company announced a strategic partnership with GTS Africa, a French value added communications network operator doing business in Cameroon and Nigeria.
Cybereason, the leader in operation-centric cyber-attack protection, has secured $275 million in crossover financing led by Liberty Strategic Capital, with additional backing provided by Irving Investors.
In line with its commitment to investing in and amplifying African music, Audiomack has teamed up with entertainment provider, Ziiki Media, to propel the craft of artistes across Kenya, Tanzania, Uganda, and South Africa through marketing campaigns.
HEVO Ammoniac Maroc est un projet qui s’inscrit dans le cadre des objectifs du royaume en matière d’énergies renouvelables, devra atteindre une production de 31.850 tonnes par an d’hydrogène vert, de 151.800 t/an de nitrogène et de 183.650 t/an d’ammoniac vert.
L’adhésion du Maroc au SCO intervient à un moment où les questions de l’adaptation et de la lutte contre le changement climatique sont devenues des priorités pour nos sociétés et gouvernements.
From contactless shopping and autonomous checkout technology to Cloud Point of Sale (POS) solutions, Mastercard and Verizon Business will collaborate to deliver scalable innovations that drive the industry forward and create new experiences for consumers and businesses alike.
StarNews Mobile and Culture Genesis to expand entertainment offering to African mobile subscribers via Orange and MTN
StarNews Mobile has announced its partnership with Culture Genesis to distribute All Def Comedy and Music channels to over 430 million mobile subscribers via Orange and MTN in Africa.
Africa Finance Corporation, the leading infrastructure solutions provider in Africa, has onboarded the Central Bank of Guinea and the Togolese Republic as its newest shareholders, cementing AFC’s pan-African representation.
ZCFH headquartered in GCC & Africa, Mobile banking company REZQ-Baraka, the only mobile Shariah Compliant &Digital Bank in the World, and raises $20 million for expansion in the Gulf, Africa, Asia, Europe and CIS countries.
Omnisient, a secure data exchange and collaboration platform which enables companies to improve data-driven decision-making, has secured $1.4 million in a pre-Series A round.
DP World has announced an offer to acquire Johannesburg Stock Exchange-listed Imperial Logistics, an integrated logistics and market access company with operations mainly across the African continent and in Europe.
The fund will provide mid-sized African businesses with flexible capital that will enhance job creation and facilitate much-needed economic opportunities and growth – especially necessary for post-Covid-19 recovery.
IFC, partners support COVID-19 vaccine manufacturing facility of Institut Pasteur de Dakar in Senegal
To scale up the manufacturing of COVID-19 vaccines in Africa, IFC announced a collaboration with the Institut Pasteur de Dakar (IPD), a vaccine maker and non-profit healthcare foundation mandated to support public health improvements in Africa.
IFC announced an investment in a new mezzanine fund managed by Vantage Capital, a mezzanine funding provider on the continent, which will provide capital to fast-growing companies in Africa.
[Column] Claudia Johnston: Utilities companies to embrace service, remain relevant to customer needs
Across the board, utilities are facing de-commoditisation and shifts in the way electricity is generated, supplied and consumed, which requires them to fight to remain relevant to their customers.
5G not only greatly improves network experiences for mobile consumers, but more importantly, will bring digitalization into every industry, revolutionizing our society.
IT professionals in the region need to gain skills in cloud and data architecture due to the rapidly increasing number of organizations subscribing to integrated cloud services in recent years.
Speaking during the Alliance for a Green Revoluton in Africa (AGRA) organized Africa Green Revolution Forum (AGRF) Summit, speakers reiterated that food security cannot be achieved without a gvernment facilitated enabling environemnt for agribusiness to thrive.
Government of Rwanda and the African Development Bank (AfDB) signed a financing agreement worth US$ 84.2 million (Approximately Frw 82.1 billion) to support Transmission System Reinforcement and Last Mile Connectivity Project.
Music streaming service Spotify recently launched its global initiative, the EQUAL Music Program, to cultivate gender equality in music and support female creators.
ESET, a global industry-leading IT security provider together with other players in the cybersecurity sector have raised the red flag on the increase of state and state-sponsored cyber attacks
Smile Identity, the company that enables ID verification and KYC compliance through Artificial Intelligence designed for African faces and identities, announced today that the company had secured $7 million in Series A funding.
The International Air Transport Association (IATA) announced the launch of a global Mobility Aids Action Group to examine and improve the transport journey of mobility aids, including wheelchairs, with the objective of improving the handling of this vital equipment for travelers with disabilities.
The African Electronic Trade Group (A-eTrade Group) which also includes the African e-Commerce Development International, has accepted the offer of the Government of Rwanda to host the continental headquarters.
Call of Duty League plans to begin rolling out ActivStat during the 2021 season which the initial rollout will include critical information like player and team standings and winning ratios across multiple aspects of virtual combat—including ultimately what these numbers mean for rankings.
Standard Chartered appoints Lina Osman as Regional Head of Sustainable Finance for Africa and the Middle East
Standard Chartered has appointed Lina Osman as Regional Head of Sustainable Finance for Africa and the Middle East, as part of the Bank’s ongoing efforts to provide sustainable financing solutions across its regional footprint.
Hapag-Lloyd announced it successfully closed the acquisition of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch).
The Africa Centres for Disease Control and Prevention (Africa CDC) and pan-African operator MTN Group launched a joint campaign – “One More Push” – to encourage people across the continent to not give up in the fight against COVID-19.
[Côte d’Ivoire] La Banque Africaine de Développement va soutenir la création de chaînes de valeur agricoles
La Banque Africaine de Développement va soutenir la Côte d’Ivoire dans la création de chaînes de valeur agricoles afin de créer davantage d’emplois et de rendre la croissance économique plus inclusive, a affirmé, le président de l’institution, Dr Akinwumi A. Adesina
AfDB scoping study identifies opportunities for private sector participation in Africa’s climate agenda
A recently published African Development Bank scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation.
amsung Electronics East Africa has introduced into the East African market a new range of consumer electronics most of which are centered on AI and interconnectivity between home and lifestyle technology.
[Africa Tech Review] Duncan Mochama: Sub-Saharan Africa to reach 70 million 5G subscriptions by 2026
Data from the latest Ericsson Mobility Report, released this week now shows Sub-Saharan Africa to reach 70 million 5G subscriptions by 2026.
Bolloré Ports, an operator of port terminals in Africa, Asia and the Americas, has launched the "Green Terminal" certification process, which aims to reduce the carbon footprint of its activities by using a precise methodology that covers all environmental issues.
Glovo selects Orange Business Services’ digital voice solutions to help expand customer experience globally
Delivery service start-up Glovo has engaged Orange Business Services to support its global expansion plans with a wide range of contact center and telephony services.
Sophos has today announced that it has acquired Capsule8, a pioneer and market leader of runtime visibility, detection and response for Linux production servers
Pipit Global has announced that in Nigeria, Kenya, Uganda, Tanzania, Mali, Senegal, and Ghana, consumers can now avail of transactions through the pipit platform at lower rates than ever before.
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.
Microsoft has unveiled a new cloud-based business management solution, Dynamics 365 Business Central, to help small and medium-sized businesses (SMBs) in Africa and the Middle East to streamline their operations.
The continent’s leading investment platform for the energy sector is doubling down on its role as the official promoter of Angolan oil and gas development by putting the country under the spotlight for investors across the globe
Kenya Electricity Generating Company (KenGen) is set to benefit from its Clean Development Mechanism (CDM) Projects further giving impetus to the company’s efforts to combat climate change.
le Sénégal veut pouvoir boucler la construction de son Parc des technologies numériques (PTN), premier Parc IT aux standards internationaux du pays érigé sur 25 hectares à Diamniadio, le nouveau pôle urbain.
Over 8,500 girls and young women from across Africa are getting a head start into careers in computer coding to help transform African economies thanks to a two-week formation exercise opened by Cameroon’s Minister of Posts and Telecommunications Minister
Mapping Africa’s startup landscape between 2014 and 2020, the report provides data and analysis on venture capital (VC) deal activity in Africa in 2020 along with information about the types of investors that have participated in those deals. The report also includes case studies covering prominent investments across Central, East and North Africa.
Internet Exchange Points are critical in lowering connectivity costs in Africa, Internet Society report
A new report published by the Internet Society outlines the state of Internet interconnection in Africa and the critical role Internet Exchange Points (IXP) play in improving access and lowering costs.
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.
This webinar offers the opportunity for Incentro and HYCU to share insights of existing/past cases of ransomware attacks and how they were overcome. The Webinar will focus largely on Google Cloud (Incentro/Google) and Cloud security (HYCU).
The African Development Bank has launched its Strategy for Economic Governance in Africa (SEGA), aimed at fostering transparent and accountable governments and institutions to secure inclusive, sustainable development.
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