LEKOIL, oil and gas exploration and production company with a focus on Nigeria and Africa, announced it has entered into a Strategic Alliance Agreement with NAMCOR, through its subsidiary, LEKOIL Namibia.
Sabre Corporation, software and technology company powering the global travel industryannounc ed the signing of a long-term, technology agreement with BIDTravel.
The statistics that hover uncertainty around Africa are not ones that should make the continent proud. The World Bank has estimated that Africa could potentially hold 90% of the global poor population by 2030.
Total’s second discovery in South Africa promises gas-led recovery for Southern Africa, Energy Chamber
While anticipated, Total’s second significant gas condensate discovery announced in South Africa is nonetheless reason to rejoice after a year of deep uncertainty and struggles for the African energy sector.
54gene, whose mission is to advance inclusive precision medicine through research, advanced molecular diagnostics, and clinical programs, has launched its Clinical Program Services (CPS) division in Nigeria.
Orange partners with Smart Africa, announces new investments to improve quality of service, data security for end-users
Orange, a platinum member of the Smart Africa Alliance, supports the One Africa Network (OAN) project which has the aim of reducing the cost of communication and keeping the traffic generated and destined for Africa within Africa.
CDC Group, the UK’s development finance institution and impact investor announced an additional $40 million equity investment into Liquid Telecom, Africa’s independent fibre, data centre and cloud technology provider.
As African swine fever marches swiftly across countries affecting food security and livelihoods of some of the world's most vulnerable populations, FAO and the OIE are calling on all nations and partners to join forces to keep this deadly pig disease at bay.
Ericsson has launched its 2020 edition of the Graduate Program in Africa. The program aims to grow the technical skills of the graduates, train them in the Ericsson technology, solutions and their delivery.
The USTDA issued a call for initial proposals to expand its grant-based support for feasibility studies, technical assistance and pilot projects that advance the U.S. government’s Prosper Africa and Power Africa initiatives.
Comtech receives $1m satellite ground station equipment order from Mobile Network Operator in Africa
Comtech announced that during its first quarter of fiscal 2021, its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., received a $1 million order for satellite ground station equipment from a Mobile Network Operator in Africa.
Digital transformation has brought with it a massive increase in cyber activity, and attacks present a real, and present danger to people and organisations across the globe.
Cisco has announced its new Wide Area Networking (WAN) edge platform to help customers accelerate cloud adoption and deliver secure and automated connectivity to applications across cloud.
Vertiv, global provider of critical digital infrastructure and continuity solutions, announced a distribution partnership with Cyber Security South Africa (CSSA), cyber security technology distributor.
After piloting Visa Tap to Phone over the past year, Visa has announced product availability in more than 15 markets.
[Africa Business Panel] 6 percent of African Business Professionals expect their companies not to survive the Covid-19 Crisis
About 2/3 of the African companies (62%) say they are struggling but will survive. Almost a third of companies (29%) say they are doing well and the near future is looking good
Standard Bank, Mastercard and Google have announced a collaboration to help SMEs move their businesses online, accept digital payments and attract more customers.
Africa’s technology communications company Vodacom Group is partnering with AFI under the global network’s public-private dialogue (PPD) platform to advance financial inclusion in Africa.
Despite research showing an overall decrease in certain malware families and types in sub-Saharan Africa (SSA) in the first half of 2020, Kaspersky stresses that the human cyber threat remains rife.
Amid coronavirus-driven lockdowns and social distancing, proliferating mobile apps and online channels have proven vital lifelines. US mobile banking grew 50% in the first half of 2020.
Ten African Heads of State have issued a strong call to other world leaders to increase their funding to the IFAD or risk jeopardizing Sustainable Development Goal targets for eradicating poverty and hunger, particularly in Africa.
[Column] Sabelo Mabena: Digitising the agricultural sector to unlock the benefits of next generation technology
Digitising the agricultural sector enables farmers to enhance their business and profitability while opening possibilities to the benefits of next generation technology.
Neptune Energy announced it will adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities, improve efficiency and significantly reduce non-productive time.
Mobile app usage increased by 40% year-on-year in the second quarter of 2020 and in-app spending hit a record high of $27-billion.
The supply chain challenges of 2020 have caused the global electronics market to decline drastically but has also brought new opportunities for the refurbished market.
As the COVID-19 pandemic wreaks havoc on the global economy, Africa’s top 150 most valuable brands could lose up to 12% of brand value cumulatively according to the Brand Finance Africa 150 2020 report.
[Column] Wambui Gichuri: Why COVID-19-impacted World Food Day 2020 is the time to prioritize investments in food systems
World Food Day 2020 marked the 75th anniversary of the founding of the Food and Agriculture Organization, but celebrations this 16 October are muted due to the coronavirus.
[Column] Samira Amellal: On World Food Day, Africa and Asia’s food security tipping point offers hope for joint solutions
In a year when the World Food Programme has been rightfully recognized in receiving the Nobel Peace Prize, the state of global food security is in the spotlight this World Food Day more than ever.
MTN Group has been named the most valuable African brand in the Brand Finance Africa 150 2020 ranking, which ascribes a brand value of $3.3 billion to MTN.
Another day, another data breach. South African businesses are becoming more susceptible to cyberattacks and seem to be easy targets for criminals.
MicroLoan Foundation has launched its latest campaign, EmpowerHer, in a bid to help 50,000 female entrepreneurs in Africa.
Stripe has entered into an agreement to acquire Paystack, a fintech startup based in Lagos, to make it easy for organizations of all sizes to collect payments from around the world, and help increase Africa’s online GDP.
Efficiency for Access Research and Development Fund supports 20 groups with £2.9 million funding for solar projects
The Efficiency for Access Research and Development Fund has awarded 20 organisations a total of £2.9 million of funding for innovative, solar-powered appliance technology projects.
AppsFlyer, the global attribution leader, has released the 11th edition of its Performance Index.
The latest UNCTAD report indicates that Africa loses about $89 billion a year as a result of illicit financial flows and theft which represents 3.7% of its GDP.
The EEP Africa Innovation Window Investment Committee approved funding for projects submitted under the 2020 call for proposals on Clean Energy Powering Green Growth.
RingCentral, Inc. has announced that RingCentral Global Office™ will be available in six continents including Africa, Asia, Australia, Europe, North America, and South America.
Economic growth will fall this year across west and central Africa due to the effects of the coronavirus pandemic, with the fortunes of major oil producing nations set to decline, according to a report from the World Bank.
$100m Africa Pathogen Genomics Initiative to boost disease surveillance, emergency response capacity in Africa
A group of public, private and non-profit organizations, led by the African Union Commission through the Africa CDC launched the Africa Pathogen Genomics Initiative.
With a shift away from physical commerce, consumers are increasingly taking their daily activities online.
COMESA has welcomed the launch of the African Medical Supplies Platform (AMSP) as an invaluable One Stop Shop that will ensure access to safe and affordable quality medicines in Africa.
ENGIE has appointed Gillian-Alexandre Huart as CEO of ENGIE Energy Access, its Access to Energy business in Africa, tasked with providing millions of households and businesses across the continent with clean and affordable energy.
The Global Startup Awards (GSA), largest independent startup ecosystem awards platform with a mission to find, recognise and connect the future shapers of the digital age from all around the world, will now be expanding across Africa.
Africa Medical Supplies Platform, bioMérieux partner to facilitate supply of high-quality COVID-19 diagnostics
bioMérieux and the Africa Medical Supplies Platform (AMSP), have partnered to facilitate the supply of high-quality diagnostic solutions from the bioMérieux Pandemic Response Portfolio to African Union Member States.
Sunline and Huawei have jointly released the Digital Loan One Box Solution, a global contactless solution for financial services.
Digital revolution has enabled various forms of innovation. We all agree that Africa is witnessing a major technology shift and the pace of change in Africa is becoming exponential.
Consortium of global multilateral development banks calls for measures to support trade continuity in Sub-Saharan Africa
The Pulse check report issued by a consortium of multilateral development banks and trade research institutions, recounts the views of sub-Saharan banks on multi-lateral development banks’ responses to uphold a well-functioning trade finance market.
MultiChoice Group (MCG) has announced that its subsidiary SuperSport has acquired exclusive rights to broadcast Ethiopian Premier League matches.
Wasatch Global Investors has announced the appointment of Albert Trinkl, CFA, to the firm’s institutional business development team.
MTN Group and Telecom Infra Project (TIP) have joined forces to support the evolution of MTN’s communication transport infrastructure, which will become a platform for future revenue growth and profitability.
To enable crop researchers and policymakers access information on the three Tropical Legumes projects under one roof, a digital hub has been developed to capture learnings and impacts of crop varietal development.
First Distribution partners with VSS sign on video surveillance appliances distribution across Africa
First Distribution, the Pan-African distributor for cybersecurity, datacentre, enterprise and cloud solutions, has signed an agreement to distribute the entire Video Storage Solutions (VSS) product line of video surveillance appliances.
World Bank confirms economic downturn in Sub-Saharan Africa, outlines key polices needed for recovery
Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according World Bank's latest regional economic analysis.
Pan African telecommunication company MTN has unveiled YelloBucks, a new loyalty points currency that is set to heap more benefits and value on MTN customers.
Mondia, a technology company which specialises in marketing and distribution of digital content and Jumia, Africa’s largest e-commerce platform, launched Jumia Games, a competitively priced entertainment category on the JumiaPay App.
[Morocco] Vantage Capital invests $28 million to acquire minority stake in Cliniques Internationales du Maroc Group
Vantage Capital, Africa’s mezzanine fund manager, has made a $28.0 million equity investment to acquire a significant minority shareholding in the Cliniques Internationales du Maroc Group.
Mercy Ships unveils its new hospital ship, the Global Mercy, which will join the Africa Mercy, in service in Africa since 2007.
As the impacts of Covid-19 take their toll on human health and well-being around the world, the imperative of producing and ensuring access to healthy food for each and every one of us must not be overlooked.
Pan-African infrastructure financier, Harith General Partners has announced at its Annual Investors' Feedback meeting that Mr Sipho Makhubela has been appointed as its Chief Executive Officer.
Trace, an international media group dedicated to empowerment and entertainment of afro-urban people, has entrusted Molotov Solutions to develop and operate the new version of its OTT platform, TracePlay.
Amid a historic global economic slowdown and societal crisis, CIOs can show their mettle and drive their organisations to a more prosperous future by practising the skills and embodying the attitudes that mark out all great leaders.
Governments must do more to tackle tax abuse and corruption in global finance, says a panel of former heads of state and government, past central bank governors, business and civil society leaders and prominent academics.
Organisations across sub-Saharan Africa are increasingly leveraging multiple cloud deployments to achieve digital transformation.
Mastercard has announced a partnership with Samsung, Airtel Africa and Asante Financial Services Group (“Asante”) to launch a Pay-on-Demand payments platform and drive the digital economy across Africa.
Infront, the media-rights agency responsible for negotiating English Premier League’s free-to-air deals in sub-Saharan Africa, has secured a 30% increase in broadcasters for one of the world’s top football leagues.
About 3 billion people are struggling to access healthy diets with over 200 million children below five years having to survive with insufficient foods.
New analysis shows onshore wind potential across Africa enough to power the entire continent many times over
Developing Africa’s huge onshore wind energy potential can boost its transition to affordable and reliable clean energy. For the first time ever, wind and solar made up the majority of the world’s new power generation in 2019.
The African Union has amplified action to tackle non-tariff barriers and increase small businesses’ use of the tradebarriers.africa tool through its new online platform
The European Investment Bank and other multilateral agencies have signed an agreement with Development Partners International LLP (DPI) to become the first 2X Flagship Fund.
Azam TV has completed the migration of its video platform from the EUTELSAT 7B to EUTELSAT 7C satellite, with a multi-year extension of the existing contract and an incremental capacity commitment.
Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according to UNCTAD’s Economic Development in Africa Report 2020.
Orange has announced the launch of its online training platform "Orange Campus Africa" in partnership with the Virtual University of Senegal (UVS) during GSMA Thrive Africa.
Huawei, in cooperation with digital payment entity, Mondia Pay, is now offering Direct Carrier Billing service (DCB), for seamless, contactless payments for users in the MEA region.
African Guarantee Fund has announced the appointment of Jules Ngankam as the new Group Chief Executive Officer.
Orange launched Sanza touch, an exclusive Orange smartphone and the most affordable 4G Android (Go edition) device globally supported by Google.
Ministers of Health from seven small African island states signed an agreement to jointly procure drugs and vaccines in a bid to improve quality and access to medicines and other health products.
Family owned businesses are estimated to contribute over 70% of global GDP.
Epsilon, a global connectivity and communications service provider, has partnered with Business Connexion (BCX), one of South Africa's technology companies, to deliver high performance data centre interconnection (DCI) services for African enterprises.
Emirates announced it will resume flights to Johannesburg (1 October), Cape Town (1 October), Durban (4 October) in South Africa; Harare in Zimbabwe (1 October); and Mauritius (3 October).
The World Business Angels Investment Forum announced the African Development Bank as its newest Board Member.
Esri, the global player in location intelligence, has announced a joint initiative with AfroChampions, a Pan-African nonprofit that aims to promote policies that foster private-public collaboration for Africa's economic transformation.
Microsoft has entered into a Memorandum of Understanding with the Alliance for a Green Revolution in Africa (AGRA) to co-create technology solutions in agriculture.
WorldRemit, a global digital payments company, has launched The WorldRemit Transfer Tracker mobile App for recipients of money transfers which allows them to track their remittances.
Pan African cross-industry API marketplace Chenosis has announced the conclusion of its first set of strategic partnerships with Nigerian-based emerging digital platform provider Blusalt and Gwirio, a software services company founded in South Africa.
UnionPay International (UPI) and Interswitch East Africa (Kenya) announced partnership confirming Interswitch becoming a Third-Party Service Provider (TPSP) for UnionPay International in East Africa.
The African Export-Import Bank (Afreximbank) announced Fitch Ratings has affirmed the Bank’s long-term Issuer Default Ratings (IDR) at ‘BBB-‘ with a stable outlook.
The Yidan Prize Foundation, a global philanthropic educational foundation inspiring future progress and change in education, announced the 2020 laureates of the Yidan Prize.
AirSmat, a Nigeria-based Pan-African Software company, has received a boost of $100,000 from Zetogon as pre-seeding investment to help the organization on the journey to deliver world-class service in Africa.
Insurers must explore new ways to build capabilities to meet the digital needs of customers as BigTechs and non-traditional players enter the insurance space, according to the World InsurTech Report 2020.
Mastercard announces Fintech Express to empower Middle East and Africa fintechs to launch and expand rapidly
Mastercard has launched Fintech Express in the Middle East and Africa (MEA), a program designed to facilitate emerging fintechs’ launch and expansion.
Greenlight Planet Inc., a provider of solar-powered home energy products in sub-Saharan Africa and South Asia, has secured $90 million in new funding to expand its Pay-As-You-Go (PAYG) solar consumer financing business and consolidate its debt portfolio.
Four billion people around the world still lack access to clean, efficient, convenient, safe, reliable, and affordable cooking energy, a new World Bank report finds.
Africa Finance Corporation, an infrastructure solutions provider in Africa, has announced the successful issuance of its inaugural CHF150 Million, approximately $162 million.
The African Export-Import Bank (Afreximbank) announced the appointment of Constantin von Moltke as Director of Syndications and Agency.
CDC Group, UK’s development finance institution and impact investor, announced a joint commitment of $90 million in partnership with leading investors, to Greenlight Planet.
IFC, a member of the World Bank Group, announced a partnership with South African-listed Imperial to jointly develop a modular screening and treatment healthcare infrastructure program in Sub-Saharan Africa to respond to the COVID-19 pandemic.
Helios Investment Partners announced the launch of Africa Specialty Risk Group in partnership with Mikir Shah, former CEO of AXA Africa Specialty Risks, and Bryan Howett, former CEO of Old Mutual’s pan-African reinsurance operations.
Money transfer abroad is so easy today. And so difficult. $445 billion of remittances want to be transferred. This amount is higher than we can imagine.
In the South Africa of about 15 years ago, total retail sales via ecommerce hovered at R2 billion. This year, the estimate for total online retail sales is close to R14 billion – a phenomenal 700 percent increase.
Pan-African housing development financier Shelter Afrique has entered into a strategic partnership with the World Bank aimed at addressing the affordable housing crisis evident across the continent.