Huawei provided high-performance OceanStor Dorado systems to carry multiple core applications — such as the transaction database — in order to accelerate core data processing and analysis while slashing system latency.
PROPARCO and Coronation Merchant Bank Limited signed $20 million trade finance guarantee facility in Nigeria
Proparco announced a $20M Trade Finance Guarantee Facility for Coronation Merchant Bank (CMB). This will enable Coronation Merchant Bank to establish and deepen partnerships with correspondent banks, thereby increasing access to trade finance in Nigeria.
Afreximbank and the Nigeria Governors Forum to announce the 2nd African Sub-Sovereign Governments Conference
African Export-Import Bank (Afreximbank), in collaboration with the Nigerian Governors Forum (NGF), has announced the second edition of the African Sub-Sovereign Governments Network (AfSNET) Conference set to take place on 30th September 2022 in Abuja, Nigeria.
Ericsson and MTN Nigeria have reached a milestone with the successful launch of 5G services. This deal is the result of a fruitful collaboration spanning 21 years reaffirming a rich culture of partnerships between the two parties.
Forum de l'African Business Roundtable: Que peuvent faire les gouvernements Africains pour renforcer le secteur privé du continent?
African Business Rountable (ABR), créé par le Groupe de la Banque Africaine de Développement en 1990, est la principale association d'entreprises et de chefs d'entreprise d'Afrique et représente la Société Africaine des Affaires auprès des Nations Unies.
Proparco announced a $20 million Trade Finance Guarantee Facility for Coronation Merchant Bank (CMB), to establish and deepen partnerships with correspondent banks, thereby increasing access to trade finance in Nigeria.
African Business Roundtable Forum: What can African governments do to elevate the continent’s private sector?
The African Business Rountable (ABR), set up by the African Development Bank Group in 1990, is Africa’s foremost and continent-wide association of businesses and business leaders, and is the representative of the African Business Society to the United Nations.
Sendy has partnered with Meta through the Innovation Growth Hub (IGHub) to offer free training for SMEs on how to grow their business.
Sanlam, Africa’s non-banking financial services provider, announced the launch of its brand in the Nigerian market, rebranding FBN Insurance to Sanlam Life Insurance Nigeria Limited.
MTN Nigeria launches Metamorphose in partnership with Tecnotree to enhance digital presence for consumers
Tecnotree, a Finnish global provider of digital transformation solutions for Communication Service Providers (CSPs) and Digital Service Providers (DSPs), has partnered with MTN Nigeria on a new initiative - Metamorphose.
A gas pipeline megaproject Memorandum of Understanding (Mou) has been signed between ECOWAS, Nigeria and the Kingdom of Morocco.
The Nigerian Communications Commission (NCC) has deployed 84 assistive Information Technology projects at different locations in Nigeria to support people with special needs while supporting policies that enable disadvantaged members of the society to live a more qualitative life.
Nigerian fintech Flutterwave has announced Google Pay, a mobile payment service, developed by Google, as a payment method on Flutterwave.
Nigerian fintech start-up, Kippa launches Kippa Start, a business registration platform to help Nigerian MSMEs scale through their businesses.
The Central Bank of Nigeria (CBN) has issued Africave Technologies Limited DBA Kippa, the financial management and payments platform, a Payment Solutions Services Licence to Operate as a Super-Agent.
FairMoney, a credit-led mobile banking platform for emerging markets in Africa and Asia, has partnered with Oradian, a cloud-based core banking system, to power its next stage of growth and product innovation.
Africa’s leading shared-mobility startup, Treepz, is set to launch Business Treepz, a new service aimed at providing staff bus solutions and bus rental service in a structured, accessible, and predictable manner for corporate organisations including companies, schools, tour operators and individuals.
Healthtech startup Remedial Health secures $4.4m to provide access to credit for pharmacies in Nigeria
Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has raised $4.4 million in seed funding to accelerate its expansion across Nigeria.
CreditCare Tech partners with Moneygram to expands trusted service in Nigeria and more locations globally
Creditcare Technology announced that they have partnered with MoneyGram a global leader in the evolution of digital P2P payments, to expand further into the emerging markets of the Philippines, Vietnam, and, now Nigeria with Moneygram.
Decklar and its co-venturer Millenium, announced that the 7,800 barrels of crude oil (bbls) previously delivered to the Umugini Pipeline Infrastructure crude handling facilities has now been delivered to the Forcados crude oil export terminal.
More than 2,500 professionals are set to be CPD certified at The Big 5 Construct Nigeria 2022, as public and private stakeholders gather to explore sustainable solutions for the growth of Nigeria’s construction industry.
Nigerian blockchain payments startup Bitmama announced a pre-seed extension of $1.65 million, adding to the $350,000 it received last October, thus closing the round at $2 million, led by Unicorn Growth Capital and Launch Africa.
TechPR Nigeria, a Public Relations and Communications firm, has announced the appointment of Felicia Omari Ochelle as the new Chief Executive Officer (CEO).
Clickatell has partnered with the Central Bank of Nigeria to deliver fast, simple, and cost-effective eNaira banking services to all Nigerians using the USSD channel.
ProvidusBank, Mastercard, Interswitch and Thales launch contactless Tap-to-Pay transactions via smart devices in Nigeria.
African Association of Automotive Manufacturers to explore Cameroon's opportunities in the automotive industry
German Association of the Automotive Industry (VDA), the AAAM - African Association of Automotive Manufacturers visited automotive stakeholders in Cameroon to explore more opportunities and partnerships.
According to Kaspersky Security Network data, in the African region, the number of home users affected by cryptominers in Q2 of 2022 decreased slightly compared to the previous quarter
Ghanaian health-tech startup mPharma has acquired the majority stake in HealthPlus, the leading pharmacy chain in Nigeria.
mPharma, Africa’s patient-centered technology-driven healthcare company, has acquired the majority stake in HealthPlus, a pharmacy chain in Nigeria. mPharma and the former investor, Alta Semper, have signed an agreement leading to the acquisition of a majority stake in the HealthPlus Group.
The Nigerian Communications Commission (NCC) has teamed with the Nigerian Security and Civil Defence Corps (NSCDC) to tackle some of the criminal activities bedeviling the telecom industry, such as telecom equipment vandalism and fraudulent registration of Subscriber Identity Module (SIM) cards among others.
Nigerian fintech startup Kippa has raised $8.4 million in an oversubscribed seed round. This round of funding was led by Goodwater Capital.
Innovation and digital transformation have driven the rapid expansion of financial services across the continent, especially over mobile devices by telecommunications providers, bringing transactional power to customers in the most rural areas.
Turaco, the insurtech driving mass market insurance adoption, has announced the close of a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest Innovation Fund, and existing investor, Novastar Ventures.
The Brazilian unicorn views Africa as the “next frontier” that is poised for rapid digital transformation. EBANX now provides local payment solutions in 18 countries worldwide, including three of the top-10 economies in Africa: South Africa, Kenya, and Nigeria.
Nigerian PayTech Flutterwave has launched support for the eNaira,The payment method is available to all Flutterwave merchants who want to collect Nigerian Naira (NGN) from their customers who have the eNaira app.
Pan-African media company, Big Cabal Media, will unveil its first ‘Commerce in Africa’ outlook report at the Future of Commerce 2022 conference in September.
Yellow Card Financial, the fastest growing cryptocurrency company on the continent, celebrates exceeding 1 million customers in only three years.
Africa Data Centres has taken a significant step forward in its widescale expansion into Africa by joining forces with Nigeria's principle internet exchange point: IXPN
Nigeria’s ProvidusBank has announced a new partnership with Mastercard, Interswitch and Thales Group to bring a new Tap-to-Pay service into the country.
Nigerian fintech startup NowNow Digital Systems has raised $13M in its seed round for expansion across Africa. The company was founded in 2016 by CEO Sahir Berry and co-founder Mahesh Nair to expand financial inclusion and spur job creation.
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquified Natural Gas Limited will set up a tactical team comprising nominees from both organizations to drive closer collaboration on projects, ensure compliance with Nigerian Content obligations and promote other strategic alliances for the good of the nation’s economy.
ARCA is the first Nigerian fintech to adopt ThetaRay’s advanced SONAR solution, industry renowned for its ability to detect the very first signs of sophisticated financial crime.
IAA, a global digital marketplace connecting vehicle buyers and sellers, announced it has expanded its service footprint of IAA Transport to include Mexico and Nigeria.
The launch, which took place simultaneously across various locations in Sub-Saharan Africa (SSA), also showcased Audio Recording, the latest addition to its suite of safety features.
UBA launched a world class Experience Centre in Transcorp Hilton Hotel, Abuja, Nigeria at the Group Chairman’s Retreat which had in attendance, the bank’s executive management team.
Clear Blue drives industry leadership, global growth, and support for large-scale Smart Off-Grid projects with expansion in Nigeria
When Nigeria’s Petroleum Industry Act (PIA) was signed into law in August 2021, I spoke about the positive changes the law would be driving in terms of increased transparency and energy sector productivity.
To support the growth and sustainability of Nigeria's livestock industry, IFC announced a partnership with Agro Bar Magen Nigeria (ABMN), a livestock feed manufacturing company, to increase production of livestock feed.
Through a digital distribution and career management app, BoomKit is offering production, distribution and monetization tools for creatives, who are allowed to maintain 100% ownership of their works.
The seed funding round included Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund, and Y Combinator. Oui Capital also re-invested after participating in the previous round.
The operator is aiming towards providing cutting-edge digital services and they have chosen Tecnotree’s cloud-native BSS Suite 5 to drive this transformation journey.
This license allows Flutterwave to offer transaction switching and card processing services to customers. Others include non-bank acquiring, agency banking and payment gateway services.
Nigerian fintech moblity startup Moove has announced its launch in London as part of its global expansion through a new partnership with Uber.
Nova Credit, the world’s consumer-permissioned credit bureau, announced a partnership with Vesti, the finance app focused on alleviating barriers for Nigerians moving to the United States.
Microsoft has appointed Kunle Awosika to the position of Managing Director for the Africa Transformation Office (ATO). Kunle takes over from Wael Elkabbany, who is taking up a new role as Microsoft’s Africa Regional Cluster.
PalmPay, a fintech innovator aiming to make digital payment more accessible and flexible, announced that it has reached 10 million users in Nigeria
Powered by Providus Bank, the Better Card offers customers a seamless payment experience that eliminates the risk of card fraud by safely storing their payment credentials in the Eyowo X mobile app.
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million in seed funding.
Avec plus d'un demi-siècle d'expérience dans la propriété et la gestion d'entreprises, Goodie M. Ibru est le fondateur de l'Ikeja Hotel Plc, le fondateur et partenaire principal de G.M. Ibru & Co. et l'actuel Vice-Président (Afrique de l'Ouest) de l'African Business Roundtable.
With over half a century in business ownership and management, Goodie M. Ibru is the founder of Ikeja Hotel Plc, the founder and Principal Partner of G.M. Ibru & Co. and current Vice President (West Africa) of the African Business Roundtable.
The Bank of Industry (BOI) and the Agence Française de développement (AFD) built a partnership for a €100mn credit-line for the expansion of green finance in Nigeria.
Omnibiz has raised $15 million pre-Series A round ($5 million equity and $10 million debt) led by Timon Capital, Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital and Musha Ventures.
The Federal Government of Nigeria has demonstrated its commitment to a clean and sustainable future with the global launch of the country’s Energy Transition Plan.
The bottom line is, that 5G will usher in new tech advancement opportunities and innovation in Africa. Service providers, therefore, need to proactively create the blueprint for seamless 5G migration.
MTN Nigeria has launched 5G network in 190 sites across seven cities in the country. This initial installation of the high-speed network was launched in the cities of Lagos, Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri.
[Nigeria] FBN Holdings appoints Samson Oyewale as Executive Director, Investment Management and Oversight
FBN Holdings has approved the appointment of Samson Oyewale Ariyibi as an Executive Director, Investment Management and Oversight, subject to the approval of the Central Bank of Nigeria (CBN) and the shareholders.
Amsterdam Internet Exchange and MainData Nigeria sign agreement to launch neutral internet exchange services in Lagos
AMS-IX will be setting up an internet exchange at MDXi, the carrier-neutral Data Center of MainOne in Lagos Nigeria. MDXi will act as AMS-IX strategic partner and reseller for AMS-IX in West Africa.
Edo Agric Digital Innovation Hub to promote satellite intelligence for the Edo State agriculture sector
The Edo Agric Digital Innovation Hub is a new virtual hub made up of a group of organisations with expertise in Agriculture and the public-benefit objective of creating an ecosystem to promote digital transformation, innovation and climate-smart agriculture in Edo State, Nigeria.
Dr. Halilu Ahmad Shaba, has called for more public-private partnerships for effective implementation of the Nigerian space programme, as well as to enhance the capabilities of the Space Agency in service delivery.
Nigerian last-mile delivery startup Kwik announced the official launch of its innovative and award-winning just-in-time delivery solutions to merchants, entrepreneurs, businesses, government agencies and social vendors in Ibadan.
The penetration of the internet and digital payment in Africa has significantly increased in recent years. A number of potential issues, including fake news, leakage of personal information and financial scams, have emerged as a result of this rapid expansion in connectivity.
PIEX Group strengthens its presence in Anglophone markets in Sub Saharan African through a strategic distribution alliance with Phillips Pharma Group, a leading Distributor in the region.
Exclusive Networks Africa, which represents the continental arm of this global, trusted cybersecurity specialist for digital infrastructure has opened a new office in Nigeria.
La Fondation Mastercard recrute la prochaine cohorte de jeunes diplômés à travers l'Afrique et le Canada pour son programme de stages de 6 à 12 mois.
The Mastercard Foundation is recruiting the next cohort of young graduates across Africa and Canada for our 6-12 month Graduate Internship Program.
According to Kaspersky Security Network data for corporate users, the number of backdoor computer malware detected in Q2 2022 in South Africa, Kenya and Nigeria increased significantly compared to the previous quarter.
The Nigerian government made an official announcement confirming the complete transformation of the Nigerian National Petroleum Corporation (NNPC) into NNPC Limited (NNPCL).
The recent passing into law of Nigeria’s Petroleum Industry Act (PIA), and the establishment of the Upstream Petroleum Regulatory Commission (NUPRC), marks the beginning of an exciting new era for the energy sector in Nigeria, West Africa and the continent at large.
According to Kaspersky Security Network data for corporate users, the number of backdoor computer malware detected in Q2 2022 in South Africa, Kenya and Nigeria increased significantly compared to the previous quarter.
Les particuliers et les entreprises rejoignent l'African Business Roundtable pour de nombreuses raisons, et les objectifs de l'organisation ont été soigneusement conçus pour les servir.
Savannah Energy announced that the Company's 80% indirectly owned subsidiary, Accugas, has entered into a new gas sales agreement (GSA) with Notore Chemical Industries (Notore).
Individuals and businesses join the African Business Roundtable for numerous reasons, and the organization’s objectives have been carefully designed to serve them.
Nomanini et Baobab Group annoncent un partenariat stratégique avec le fournisseur de services financiers Baobab Group pour lancer la solution phare, StockNow, dans huit nouveaux pays.
Nomanini and Baobab Group announce a strategic partnership with financial services provider Baobab Group to launch flagship solution, StockNow, in eight new countries.
Nigeria’s broadband usage has continued on the rise, moving up from 40.9% in February 2022 to 44.5% in July 2022, a figure considered hopeful for achieving the national broadband target of 70% in 2025.
Educate and Support, seeks to involve governments, communities and individuals who can strengthen the capacity of people that have to protect, promote and support breastfeeding across different levels of society.
Yellow Pay – Yellow Card’s new payment feature simplifying money transfers through it’s crypto rails
Yellow Card Financial is proud to announce its new payment feature – Yellow Pay an innovative solution will make it easier for customers to send and receive money through the Yellow Card crypto exchange platform, without any extra charges, instantly all from the comfort of their home.
[Column] NJ Ayuk: International energy companies in Angola, Nigeria illustrate importance of creating enabling environments
The joint venture between the Angolan businesses of UK oil major BP and Italian multinational Eni, finalized in early August, is big news in every sense.
Klasha, a Lagos and San Francisco -based technology company transforming cross-border African commerce has appointed Ayman Jawhar as its Chief Product Officer.
In line with its commitment to bridge the digital gap in Africa, West Africa’s pioneer solar-based internet and voice service provider, Tizeti, is set to expand its operations within Nigeria and Ghana, and into new neighboring Cote d’Ivoire and Togo in addition to mulling listing its Nigerian Subsidiary.
Nigerian independent oil and gas company, Seplat Energy, has announced the commencement of commercial injection of crude oil through the 67km Amukpe-Escrabos Pipeline, linking two points in the Niger Delta.
EUR 45 million for Partech Africa II from KfW Development Bank to promotes financial and digital inclusion in Africa
[Column] NJ Ayuk: The role of Algeria, Egypt and Nigeria in Africa’s search for European gas market share
This search has drawn attention to a number of African gas projects that are likely to help Europe in the future, particularly as the EU looks to make a permanent shift away from dependence on Russian gas.
As the threat of monkeypox looms globally, public health authorities in Adamawa state have intensified awareness campaigns to control the ongoing outbreak in Nigeria.
IFC's $35 million financing package will help Jubaili expand its production capacity in Nigeria, Ghana, Tanzania and Uganda, helping to offset Africa's reliance on agrochemical imports.
The loan of $280 Million will help address the financing gap for small- and medium-sized enterprises (SMEs) and advance financial inclusion in Nigeria, including through the bank’s commitment to supporting women-owned and -led businesses.
Mdundo says it has recorded 20.3 million monthly active users in June 2022, beating the upgraded expected target of 19 – 20 million for the month, a growth of 74% compared to June 2021.
The Nigerian Content Development and Monitoring Board (NCDMB) has promised to deepen its collaboration with the Society of Petroleum Engineers (SPE) towards domesticating the technologies that are currently deployed to operate the energy industry.
Kenyan users were influenced the most by this type of threat: there were 5,098,534 phishing attacks detected in 3 months – a growth of 438% when compared to the previous quarter. It was followed by South Africa (4,578,216 detections and a growth of 144%) and Nigeria.
Access Bank secures $280m investment from DFC to support SMEs, advance financial inclusion in Nigeria
The U.S. International Development Finance Corporation (DFC), signed a commitment letter for $280 million in financing for Access Bank, to help address the financing gap for SMEs and advance financial inclusion in Nigeria.