tagresults
Medical Credit Fund unveils new digital financing for healthcare SMEs in Africa
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.
ATI closes €203m financing agreements to support health and transport infrastructure in Ghana
The African Trade Insurance (ATI), announced the closing of two €203 million financing agreements social loans, to fund four health and two transportation projects in Ghana.
AfDB, KOAFEC fund database system to improve utility regulation for Public Utilities Regulatory Commission of Ghana
AfDB and KOAFEC Trust Fund have funded a Database Management System (DBMS) to improve the operations and functions of the Public Utilities Regulatory Commission (PURC) of Ghana.
Nanodropper partners with Unite For Sight to provide better access to vision-saving medications in Ghana
Nanodropper, a medical device company, is joining forces with Unite For Sight to launch a global health initiative aimed at providing better access to vision-saving medications in Ghana.
SEED Awards for Entrepreneurship in Sustainable Development winners announced
A business which gives out virtual cash in exchange for rubbish, a start-up that converts faecal sludge into fuel briquettes, and an enterprise which offers smart metering solutions for solar mini-grids, have won the SEED Awards
Nigeria leads mobile app market growth for Africa, according to AppsFlyer & Google Report
Leading global marketing measurement, AppsFlyer, has launched a report with Google that reveals a booming African mobile app market, propelled by a growing fintech space.
African Development Bank financed Pokuase Interchange road opens in Ghana
A jumbo road interchange financed by the African Development Bank Group has opened in the Ghanaian capital, Accra, amid hopes the new infrastructure will help reduce road fatalities, ease mobility and spur trade within Ghana as well as with its neighbors.
Eocband partners with Workonline to boost internet connectivity in Ghana
Ghana’s Internet ecosystem has received a welcome boost from a collaboration with local player, Ecoband Networks and Workonline Communications, one of the largest IP transit providers on the African continent.
Irish FinTech Pipit Global partners with Cellulant to power low-cost remittances in Africa
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.
IronRidge partners with Piedmont for lithium production in Ghana
IronRidge Resources entered a conditional binding agreement with Piedmont Lithium to fully fund and fast track the Ewoyaa Lithium Project, part of the Company's Ghanaian Cape Coast Lithium Portfolio (CCLP), to production.
[Ghana] USTDA invests in development of aircraft maintenance facility at Kotoka International Airport
The U.S. Trade and Development Agency has announced grant funding for a feasibility study to support the development of an aircraft maintenance, repair, and overhaul (“MRO”) facility at the Kotoka International Airport (KIA) in Ghana.
TechnipFMC awarded iEPCI contract for Tullow’s Jubilee South East development, offshore Ghana
TechnipFMC has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract for the Jubilee South East development, located offshore Ghana.
Eni discovers oil on Eban exploration prospect in CTP Block 4, offshore Ghana
Eni announced a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban - 1X well is the second well drilled in CTP Block 4, following the Akoma discovery.
[Ghana] Verdant Capital raises $7.9 million for challenger fintech, Zeepay
The debt and equity raise for challenger fintech, Zeepay, head-quartered in Ghana, follows a $20 million equity and debt capital raise for Tugende, an East African technology-enabled asset financing business.
Opera launches interest-based social Clubs in its fast growing chat service Hype
Opera is launching Hype Clubs, public and interest-based group chats in Hype, the new chat service built into the Opera Mini web browser. Hype is currently available and quickly gaining popularity in Kenya, South Africa, Ghana, Zambia, Nigeria and other English-speaking African countries.
Vodafone and Invest in Africa partner to advance digital capabilities of businesses in Ghana
The partnership will provide local SMEs with tailor-made digital solutions to enable them to adapt to the disruptions caused by the COVID-19 pandemic, continue interacting with customers online and grow their businesses.
Ghanaian agribusiness startup Green Gold Farms raises $1.6 million to tackle food import challenge
Green Gold Farms is tackling the problems of poverty, lack of economic opportunity, and malnutrition and related illnesses in Northern Ghana through large-scale agricultural production.
Ghanaian Fintech startup Zeepay raises $7.9 million Series A funding
Ghanaian Fintech startup Zeepay, has announced the completion of a USD7.9 million Series A.0 funding. The funding is a hybrid of both equity and balance sheet funds to support its operations.
Social media adoption helps small and medium-sized businesses power Africa’s economic growth, report
A study conducted by Genesis Analytics in eight African countries - Senegal, Côte d’Ivoire, the DRC, South Africa, Nigeria, Ghana, Mauritius, and Kenya - reveals that social media platforms help accelerate economic growth and opportunity across the continent.
Carbon partners with Visa to enable payments across Africa
Carbon, the Pan-African fintech company providing access to basic financial services for Africans, announced a strategic five-year partnership with Visa, to offer both digital and physical issuance of Visa cards to its customers.
[Africa Tech Review] Duncan Mochama: MTN is investing $1.5 billion to expand broadband access across Nigeria
MTN announced plans to invest 640 billion naira, approximately US$1.5 billion, over the next three years to expand broadband access across the continent’s most populous country.
Ghana Cocoa Board, Bühler sign agreement to build local processing capacity
The Ghana Cocoa Board (COCOBOD), signed an agreement with Bühler to build Ghana’s local cocoa processing and value addition capacity through training, product development and technology guidance.
Opera launches interest-based social Clubs in its chat service, Hype
Opera has launched Hype Clubs, public and interest-based group chats in Hype, the new chat service built into the Opera Mini web browser. Hype is currently available and quickly gaining popularity in Kenya, South Africa, Ghana and Zambia.
MainOne to unveil new data center in Appolonia City, Ghana
MainOne, the provider of connectivity, cloud and data center solutions in West Africa is set to launch the Appolonia Data Center of its subsidiary, MDXi, in Accra, Ghana.
Telcoin's digital remittance service extends coverage to 15 new markets
Telcoin, a blockchain-powered fintech disrupting the $700 billion international remittance industry, has extended its digital money transfer service to 23 additional mobile money platforms in 16 countries.
World Economic Forum, Ghana launch Country Financing Roadmap for SDGs initiative in Africa
The World Economic Forum WEF), in partnership with the Government of Ghana, is launching the first Country Financing Roadmap (CFR) for SDGs initiative in Africa.
AAK and Mars target Ghana women with a ten-year sustainable shea initiative
Running until 2030, the Women in Shea (WISH) initiative aims to reach 13,000 women shea collectors from more than 150 communities in northern Ghana.
AfDB supports risk-based supervision for capital markets in Ghana
The African Development Bank (AfDB), and the Securities and Exchange Commission (SEC) of Ghana, launched a $400,000 project to strengthen the development of Ghanaian capital markets.
GE Healthcare appoints George Uduku as General Manager of West Africa
General Electric has announced the appointment of Dr. George Uduku, a Nigerian national, as the General Manager for West Africa
CODE opens nominations for the Digital Equality Awards in Ghana and Uganda
CODE, a network connecting local and international stakeholders to address the digital gender divide and drive sustainable economic growth in Africa, has opened nominations for the inaugural ‘Digital Equality Awards’ in Ghana and Uganda.
CABI develops emergency response plan for invasive pests in Ghana
An emergency response plan for managing incursions of Invasive Alien Pests (IAPs) in Ghana has been validated at a stakeholder workshop organized by CABI in collaboration with the Plant Protection and Regulatory Services Directorate.
EBID grants $ 50m facility to Consolidated Bank Ghana
The ECOWAS Bank for Investment and Development (EBID) has granted a $50 million facility to the Consolidated Bank Ghana (CBG), to support Ghana’s road infrastructure development.
[Nigeria] Starsight Energy deploys 950kW system for Big Cola Plant
Starsight Energy, the leading African Commercial and Industrial solar power provider, is delighted to announce the completion of a 950kW solar system for the Big Bottling Company plant in Ogun State, Nigeria.
EIB agrees to €170m backing for new National Development Bank of Ghana
President Akufo Addo of Ghana, Werner Hoyer, President of the European Investment Bank and Thomas Östros, Vice President, formally agreed to €170 million EIB backing for the new National Development Bank of Ghana.
MDL completes flexible installation in Ghana’s Tema port
In support of Ghana's offshore LNG development, MDL announced the completion of flexible installation at the Tema port.
ROYBI, LING Project partner to support girls' education in Ghana
ROYBI INC, the creator of ROYBI Robot for children, entered into a collaboration agreement with LING Project to provide its educational robot and other resources to selected schools in Ghana.
GoldStone commences mining and ore stacking at the Homase mine in Ghana
GoldStone Resources announced that mining and ore stacking at the Homase Mine within its Akrokeri-Homase Gold Project (AKHM), in Ghana has commenced with the first mined ore having been successfully stacked onto the heap leach pad.
ASTM International partners with API to harmonize petroleum standards in West Africa
Global standards organization ASTM International and the American Petroleum Institute (API) have announced a partnership on a project aimed at harmonizing petroleum standards in the West African region.
Legatum Center launches inaugural Legatum Foundry Fellowship for entrepreneurs in Africa
At an inflection point in their entrepreneurial journeys, Fellows will learn from MIT faculty, connect with investors, and expand their network of peer innovators.
Galiano Gold commences exploration work on wholly owned Asumura property in Ghana
Galiano Gold announced that exploration work has commenced on its 100% owned Asumura property in Ghana.
IFC, Ghana’s Securities and Exchange Commission partner to develop green bonds market
IFC and Ghana's Securities and Exchange Commission (SEC), announced a partnership to facilitate investments in projects that address climate and environmental issues through green bonds.
This app is helping football players in Ghana and Africa connect to clubs safely
Kaazi, a new startup founded by Nana Yaw Oppong-Mensah, wants to help football players in Ghana and Africa connect to clubs safely.
Ghana set to receive first LNG cargo by end of May
Ghana is now expected to receive its first LNG cargo at the end of this month, a project spokesman said, as the country prepares to become sub-Saharan Africa's first LNG importer.
Twitter CEO Jack Dorsey to stay in Ghana for six months to help set up the company’s Africa headquarters
Reports now indicate that Twitter CEO and Founder Jack Dorsey will settle in Ghana for six months to help set up the new office in Ghana.
Tolulope Yanwah appointed as Jumia Ghana CEO
George-Yanwah has been appointed as chief executive officer Ghana for e-commerce company Jumia,.
[Ghana] Banking sector assets up 18.5%, says BoG
The Bank of Ghana has said total banking sector assets as of end-February 2021 increased by 18.5 per cent year-on-year to GH¢152.0 billion, marginally higher than the annual growth of 17.8 per cent as of end-February 2020.
Kaspersky expands presence in Nigeria and Ghana
As part of its strategy to grow its business in West Africa, Kaspersky has partnered with value-added distributor DataGroupIT who will provide the global cybersecurity company with access to new markets in Nigeria and Ghana.
Kaspersky partners with value-added distributor DataGroupIT to strengthen West African footprint
Kaspersky has partnered with value-added distributor DataGroupIT who will provide the global cybersecurity company with access to new markets in Nigeria and Ghana.
International Labour Organization and EU launch T4DW Project in Ghana
The Ministry of Employment and Labour Relations, the International Labour Organisation and the European Union have jointly launched the Trade for Decent Work (T4DW) Project in Accra.
Ghana unveils 5-year anti-malaria strategy
The National Malaria Control Programme (NMCP) has laid out a five-year national strategic plan to help scale up malaria control and prevention in the country.
RTS,S malaria vaccine benefits children in Ghana, Kenya and Malawi
Two years on from the launch of a pilot programme, more than 1.7 million doses of the world’s first malaria vaccine have been administered in Ghana, Kenya and Malawi, benefitting more than 650 000 children with additional malaria protection.
Domino's Pizza opens first store in Ghana
Domino's Pizza Inc. one of the largest pizza companies in the world based on global retail sales, is continuing its global growth momentum, as the first Domino's store in Ghana is now open.
Ghana fintech company Zeepay acquires Mangwee Mobile Money in Zambia
In a private placement Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to Zeepay. The deal makes Zeepay Ghana the majority shareholder of the entity.
Gateway Real Estate Africa to build office development at Appolonia City in Ghana
Gateway Real Estate Africa (GREA), a private real estate development company specialising in turnkey construction in Africa, announced that it will build its first commercial office building in Ghana at Appolonia City
[Ghana] UNICEF StartUp Lab Announces Twenty-Two Startups Joining the Second Cohort
UNICEF has announced the twenty-two startups that will be taking part in this year's cohort of the UNICEF Startup Lab, a co-creation space and accelerator.
[Africa Tech Review] Duncan Mochama: Twitter Opens First African Office in Ghana to Tap Fast-Growing Market
Twitter announced that it's finally coming to Africa. The microblogging site announced on Monday that it was opening a new office in Ghana, which it said was in line with its growth strategy.
Twitter Opens its First African Office in Ghana
Twitter is coming to Africa, the social media company announced Monday. The company seeks to build a team in Ghana, which it said was in line with its growth strategy.
[Interview] Stephan Eyeson, fondateur et PDG, Survey54
L'entrepreneur Britanique-Ghanéen, Stephan Eyeson, est actuellement PDG et fondateur de la société panafricaine de collecte de renseignements sur les consommateurs, Survey54.
Global brokerage firm Willis Towers Watson appoints Nana Gaisie to head Ghana business
Willis Towers Watson, a global advisory, broking, and solutions company, has named Nana Gaisie as the new Head of Willis Towers Watson Ghana.
[Africa Tech Review] Duncan Mochama: Africans are increasingly using eCommerce in response to COVID-19 restrictions
Ten countries are responsible for 94% of all online business in Africa. South Africa, Egypt, Nigeria, Algeria, and Kenya together account for 78% of total marketplace traffic.
Dash raises $500k to simplify remittances, announces plans to launch in Kenya and Ghana
Fintech startup Dash App has raised $500K+ pre-seed financing to expand its operations to Kenya and Ghana.
Maersk Drilling confirms long-term drillship contract with Tullow Oil offshore Ghana
Based on the previously announced Conditional Letter of Award, Maersk Drilling has been awarded a contract from Tullow Ghana, for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign.
Binance Charity announces $1 million crypto donation to UNICEF to help in global COVID-19 vaccine rollout
Binance Charity has announced the world’s first crypto donation to UNICEF’s role in the global COVID-19 vaccine rollout—the largest vaccine procurement and supply operation ever undertaken.
[Interview] Charlette N’Guessan, Co-founder, BACE Group, Ghana
Ivorian based in Ghana, Charlette N’Guessan is a tech entrepreneur who collaborates with various organizations that strongly advocate for gender balance in the tech ecosystem.
MedAccess announces extension to guarantee support for UNICEF
MedAccess, a social finance company established by CDC to increase patient access to life-changing medical supplies in Africa and South Asia, announced a one-year extension to its $50 million procurement guarantee for UNICEF.
Tullow Oil starts multi-well drilling campaign in Ghana
Tullow Oil announced the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field yesterday.
[Ghana] MTN will not entertain proxies during MoMo transactions
The Chief Executive Officer for Mobile Money Limited, Eli Hini has ruled out the use of proxies in withdrawing cash from any MTN Mobile Money Account in the country.
BBC World Service partners with AfricaWeb to offer digital content to audiences in Ghana and Cameroon
This partnership will offer for the first time The Comb podcast, a unique and fascinating news and current affairs product aimed at younger audiences across the continent.
Accelerex fintech receives enhanced PSP licence from the Bank of Ghana
Pan-African fintech company, Accelerex Ghana has been granted an enhanced Payment Service Provider (PSP) licence from the Bank of Ghana.
Insurtech startup Curacel secures $450K pre-seed funding to drive insurance inclusion in Africa
Curacel, an AI-powered platform for claims processing and fraud management in Africa, raised a $450,000 pre-seed funding in a round led by Atlantica Ventures and Consonance with participation from Kepple Ventures and other African angel investors.
[Interview] Stephan Eyeson, Founder & CEO, Survey54
British-Ghanaian entrepreneur, Stephan Eyeson, is current CEO and Founder of pan-African consumer intelligence gathering firm, Survey54.
The U.S.-Ghana Alumni Association elects new executive board
The U.S.-Ghana Alumni Association (USGHAA) met on Saturday March 27, 2021, to announce the results of a national election among Ghanaian alumni of U.S. government-sponsored programs.
[Ghana] GNPC justifies investment in new LNG regasification plant
The Ghana National Petroleum Corporation (GNPC) has said the new regasification plant being constructed at the Tema Liquefied Natural Gas (LNG) Terminal will safeguard the country’s future energy needs and usher in an era of cheaper gas.
[Ghana] Upfield joins Global Shea Alliance
Upfield has also registered as a GSA sustainability partner, committing to promoting the sustainable development of the shea sector. Joining the Global Shea Alliance is an important component of Upfield’s sustainability strategy.
Over 300 Million Users with Access to Free Mobile Internet During Pandemic, Report
A total of 314 million mobile users across eight developing countries benefited from free internet access during the hardest months of the pandemic, despite having run out of credit or not being physically able to top up.
Cybercrime worries on the increase, but Africa’s mobile users loath to leave WhatsApp, KnowBe4
Africa’s mobile users are increasingly concerned about mobile risks and the potential for digital identity theft; however, this is not stopping them from using their favourite messaging platforms and applications.
ENSafrica expands exclusive WSG membership in Africa
World Services Group (WSG) announced that ENSafrica has expanded its global membership with five new jurisdictions in Africa in addition to South Africa and Mauritius: Ghana, Kenya, Namibia, Rwanda and Uganda.
Radisson Hotel signs first Africa property in Ghana
The Radisson Hotel Group has rolled out its first Radisson Individuals property in Africa, with the signing of Earl Heights Suites Hotel, a member of Radisson Individuals, Accra, Ghana.
[Interview] Esinam Yevu, Co-Founder, PayBox, Ghana
Esinam Yevu is Co-Founder and Communications Lead at Ghanaian fintech startup, PayBox.
Online Delivery Startup Glovo launches its service in Ghana
On-demand delivery startup Glovo has launched its operations in Kenya. Glovo entered Africa in 2018 and is currently present in four countries.
Fidelity Bank Ghana launches fund to support young entrepreneurs
Fidelity Bank Ghana has launched the Fidelity Young Entrepreneurs Fund (FYEF) to support existing businesses and startups of young entrepreneurs with financial and non-financial resources.
[Africa Tech Week] Duncan Mochama: Digital adoption in Africa supersedes other regions globally
Africa has been described as the fastest-growing continents in the world. This growth, according to an article published on Forbes has been fueled by a young rapidly urbanizing population.
Flourish Ventures sets up shop in Kenya to support African Fintech startups
Flourish Ventures, a global fintech venture capital firm, has announced a new office based in Nairobi to support fintech startups across Africa.
GFIM, ACI and Frontclear launch fixed income markets academy in Ghana
The Ghana Fixed Income Market (GFIM Market), in collaboration with ACI Ghana and Frontclear, have formally launched the Frontclear Academy in Ghana.
Mastercard Foundation, partners create Catalyst Fund Inclusive Digital Commerce program in Africa
In a bid to boost e-commerce among the micro and small enterprises in Africa, Mastercard Foundation in partnership with Catalyst Fund, MEST and BFA Global have created Catalyst Fund Inclusive Digital Commerce program.
[Ivory Coast] Rebirth of cocoa smuggling in the east
In Ivory Coast, illegal trafficking in agricultural commodities is a scourge that plagues the performance of the sector.
Standard Chartered launches a digital pan-bank league competition for its customers
Standard Chartered Bank has today launched a digital pan-bank league competition offering customers across 11 markets an opportunity to accumulate points that lead to prizes.
Tullow sets out goals of next-phase offshore Ghana wells
The drillship Maersk Venturer has sailed to Ghana and will start a four-year, multi-well program next month for Tullow Oil and its partners.
Boost Ghana and KudiGo selected for the Catalyst Fund Inclusive Digital Commerce accelerator
The Catalyst Fund Inclusive Digital Commerce Accelerator has today announced the first cohort of digital commerce companies to be scaled, with the goal of improving the livelihoods of informal MSEs in Ghana.
Ghana set to raise $5bn on the international money market
The Ghanaian government will soon carry out a new operation on the international capital market, the Finance Ministry has reported.
[Africa Tech Review] Duncan Mochama: Digital Payments are key to financial inclusion in Africa
Digital payments have become a very crucial service in Africa. Every day, millions of transactions are transacted across the continent leading to the rise of different payment technologies like Mpesa.
Ghana’s healthcare startup mPharma to launch Haltons Pharmacies in Ethiopia
Ghanaian health tech startup mPharma has signed a franchise agreement with Belayab Pharmaceuticals to open Haltons Pharmacies in Ethiopia
AfDB provides $1 million for AI-based national customer management systems in Ghana, Rwanda and Zambia
The grant resources are from the special fund of the Africa Digital Financial Inclusion Facility (ADFI), a financing vehicle to accelerate digital financial inclusion across Africa.
Ghana to become first liquefied natural gas importer in Sub-Saharan Africa
In a bid to develop gas-fired power generation, Ghana is set to become sub-Saharan Africa’s first liquefied natural gas (LNG) importer, with the Tema LNG terminal ready to receive its first cargo by the end of the first quarter of 2021.
[Ghana] Solidarid partners with Kering to empower women led enterprises through revolving fund
For women business leaders in the Tarkwa and Bibiani area of Western Ghana, a trial programme run by Solidaridad might offer a path to financial independence and greater equality.
Global payments platform Nium enables customers to remit funds into four major African markets
Nium, an advanced global payments platform, has announced that its clients are now able to send funds to their business partners located in Ghana, Kenya, South Africa and Tanzania, with more countries in the pipeline.
[Ghana] OpEx launches prize competition for tech entrepreneurs
The Executive Council of The Opportunity Exposure (OpEx) Prize “Made for the World”, has announced the launch of The OpEx Prize Competition in Accra, Ghana.
African Infrastructure Investment Managers acquires majority stake in Ghana-based data centre
Located in the Greater Accra region of Ghana, the facility is the only Tier IV data centre in the country and is expected to be the largest operational data centre in Ghana once fully ramped-up.
Fidelity Bank Ghana and Newgen Software feted for best self-service banking technology implementation in Africa
The Bank is leveraging Newgen's solution for online account opening to enable omnichannel customer onboarding.
MedTrack registers first infant on Ghana’s Universal Health Record System
For the infant in question, what it means is that they are the very first Ghanaian baby to start a progressive digital health record journey throughout their lifetime.
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COLUMNS.
[Column] Oluwole Babatope: The Business Case for 5G in Africa
The arrival of 5G in Africa has been headlining for a while, promising improved connectivity and communication, driverless cars and so much more ...read full column here
[Column] Ryan Mer: BEC Attacks - Who is legally responsible?
Business Email Compromise (BEC) and cyber attacks are on the increase worldwide. Conveyancing firms, their clients, and other organisations effecting many large non-recurring type transactions are particularly vulnerable to BEC fraud ...read full column here
[Column] Phyllis Wakiaga: Safeguarding consumers from illicit trade
Illicit trade is a longstanding issue, growing in scope and magnitude and derailing economic development ...read full column here
INTERVIEWS.
[Interview] Victoria Epelle, Founder, Market Forward, Nigeria
Victoria Epelle founded Market Forward about a year ago and the company has been a fully operational entity since 2020. Located in the commercial hub of Lagos, Nigeria, Market Forward has executed projects both local and international and is making a name for itself in the field of Consulting and Project Management ...read full interview here
[Interview] Mahesh Doorgakant, Chairman, Mauritius Finance
The Chairperson of Mauritius Finance, Mahesh Doorgakant, shares his views on the future of the financial sector on the island and how Mauritius Finance has an integral role to play in supporting innovation, promotion and training to propel the jurisdiction to even greater heights ...read full interview here
[Interview] Nick Treurnicht, Customer Engineer for Google Workspace, DigiCloud Africa, South Africa
Nick Treurnicht is the Customer Engineer for Google Workspace at DigiCloud Africa, Africa's Google Cloud Brokerage, specialising in Google Cloud products - including Google Cloud Platform, G Suite, Google Maps and Chrome ...read full interview herew here