Africa Matters

The Fintech Revolution in Africa’s FX Markets

African investment in the stock market has traditionally been reserved for a particular set of elite people Over the years, the continent’s FX market has been growing exponentially largely driven by the increased access to mobile devices and internet connections across the region While retail forex trading in Africa may only represent a small segment of the global currency…

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Tanzania has the only dollar billionaire in East Africa

More than half of the dollar millionaires (1300) reside in the commercial capital Dar es Salaam as the city was ranked 12th richest, with total private citizens wealth of $24 billion (Sh55 trillion). Tanzania is home to East Africa’s only dollar billionaire, this is according to the latest report by research firm New World Wealth and Henley & Partners which…

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The AU Projected Outer Space Breakthrough in 2063, Is It a Dramatic Entity or More Than Agenda?

Agenda 2063 is the African Union’s long-term framework for socio-economic development, regional integration and the preservation of history and culture. The agenda has 15 flagship projects. These have been identified as necessary for meeting the continent’s aspirations. They are wide-ranging and include constructing a network of high-speed trains; ending violence and creating continental financial institutions. But, in my view, the core…

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Is East Africa the next continent’s petroleum province?

Mr Ramathan Ggoobi, the Ministry of Finance permanent secretary (Left) stands next to oil  drilling conductor pipes in the KingFisher oilfield during a tour of the oil facilities in the Albertine Graben recently. PHOTO/Paul Murungi By Paul Murungi What you need to know: East Africa rising. The East African region is slowly morphing into the new ‘Middle East’ in regard…

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Path to a just transition in Africa is via green industrialisation

Mining for cobalt by hand in DR Congo (Photo: Amnesty International) The credibility of Europe’s approach to a green economic transition abroad will depend on its ability to help create and sustain green industrialisation in African countries, making African countries not just targets of European policy, but key actors of a new and interconnected green economy. Africa-Europe discussions on climate…

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How Huawei Plans To Empower 100 000 Young People In Southern Africa With ICT Skills

Spurred on by young people’s ingenuity, creativity and audacity, digital technology is changing the face of Africa. Africa has been known for its vast natural resources for decades, including diamonds, platinum, cobalt, iron ore, gold, etc. However, the continent will now need to enter the speed race for ICT skills, which have become a critical part of any national digital…

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Africa looks to renewables to curb warming, boost economies

From wind farms across the African coastline to geothermal projects in the east African rift valley, a new United Nations climate report on Monday brought the continent’s vast clean energy potential into the spotlight. If realized, these renewable energy projects could blunt the harshest global warming effects, power the continent’s projected economic development and lift millions out of poverty,…

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Huawei-Backed Cable Linking China, Europe, Africa Lands in Kenya

A $425 million undersea cable connecting China to Europe and Africa, which counts Huawei Technologies Co. as shareholder, has landed in Kenya. The 15,000-kilometer (9,320-mile) Peace cable is part of Beijing’s so-called Digital Silk Road initiative that involves deploying information and communication technology infrastructure to boost trade and investment between the Asian economy and the rest of the world….

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Egypt to launch energy transition in Africa initiative at COP27

Egypt, the hosts of COP27 (United Nations Climate Change Conference), will launch an initiative to develop the energy transition in Africa at the yearly gathering. Petroleum Minister Tareq el Mulla said the initiative is being prepared in cooperation with the African Union (AU) and African energy ministers. This was announced at a ministerial discussion session held under the theme…

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Rising fuel prices: Why? Are we alone in this?

The Discovery of crude oil in the Middle East changed their fortunes because of continuous demand for the commodity. Life does not exist without energy. In today’s world, fossil energy/crude oil is considered one of the most prominent energy sources with a large global market. Renewable energy is catching up. But obviously not fast enough in Ghana and many…

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Africa Oil Week and Green Energy Africa Summit appoint high-powered advisory committees

The diverse advisory committee for Africa Oil Week underscores the international interest in Africa’s energy future  Africa Oil Week (www.Africa-OilWeek.com) and Green Energy Africa Summit 2022 have announced an influential and highly experienced advisory committee to guide the events’ vision of setting an African energy agenda for Africa. The advisory committees are led by Mntu Nduvane, an experienced director…

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Clean energy is Africa’s chance for climate resilient development

As the sunny continent looks for power, renewables are a clear winner Africa has sunshine all year round –  with 7 of the 10 sunniest countries worldwide.  The region has great potential for renewable energy, but requires international support to unlock it. A funding deal announced at last year’s UN COP26 climate summit between South Africa and the United States, Britain,…

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DANGOTE FERTILIZER AND THE IMPACT ON AFRICAN BUSINESS PSYCHE

600 years after an African made international headlines in business nothing has been arousing in indigenous African business circles worth catching the attention of business big shots. Mansa Musa’s business heroics caught the attention of the world with his $400b gold fortune and made him the talk of the world in the 14th century. Indeed in a business environment…

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Technical, vocational programs benefit Africa

Education and development are inextricably linked. “Education is the most powerful weapon which you can use to change the world,” noted Nelson Mandela. Where there is no education, there is no development. Inversely, where there is no development, there is no education. In its reports, the World Economic Forum has observed that “obtaining a quality education is the foundation…

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Africa can help Europe build energy security post-Ukraine

The Russia-Ukraine conflict has emphasised Europe’s reliance on Russian oil and gas and shown the volatility of the continent’s energy security. This is not the first time there have been disruptions, with tensions in 2014 between Russia and Ukraine threatening supply. Yet despite that warning, it looks like nothing has been done in the last eight years to diversify supply networks….

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Africa’s Water Security Perilous, but Data Reveals Surprises

An early assessment of the continent’s water security finds finds Egypt ranked most secure – but climate change presenting threats across Africa Little of Africa’s wastewater is treated, water for drinking and hand-washing is scarce for hundreds of millions of people, and water-related disasters like flooding are on the rise, particularly in West Africa. But a first effort by…

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Ghana’s Energy Minister to Present Policy Reforms and Investment Opportunities Required to Boost Africa’s Hydrocarbon Sector at African Energy Week 2022

Hon. Dr. Matthew Opoku Prempeh, Minister of Energy for the Republic of Ghana, has confirmed his participation at African Energy Week 2022 where he will showcase investment opportunities within the country’s energy sector The African Energy Chamber (AEC) (www.EnergyChamber.org) is honored to announce the attendance and participation of Hon. Dr. Matthew Opoku Prempeh, Minister of Energy for the Republic…

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Africa Holds the Answers to Europe’s Wartime Energy Crisis

Europe needs to swap its dependence on fossil energy from Russia with renewables from Africa. The European Commission’s REPowerEU plan is to reduce demand for Russian gas by two-thirds in 2022 and make Europe independent from Russian fossil fuels by 2030. In 2021 the European Union (EU) imported 155 billion cubic metres of natural gas from Russia, close to 40% of its total…

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Can Africa Meet Europe’s Energy Demand?

As the war in Ukraine rages on, the European Union is desperately searching for alternative energy sources. Africa has abundant reserves, but experts say the continent’s energy sector needs urgent reforms and help. EU nations have considered cutting off import of Russia’s oil and gas following President Vladimir Putin’s invasion of Ukraine, which began on February 24, 2022. To avoid self-inflicting…

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Mozambique joins collaborative ICT data collection initiative developed by African Development Bank

RASME is a partnership of the African Development Bank and the World Bank’s Geo-Enabling initiative for Monitoring and Supervision and KoBoToolbox teams The African Development Bank (www.AfDB.org) has extended membership of a digital data supervision system known as the Remote Appraisal Supervision, Monitoring, and Evaluation (RASME) project to Mozambique, making it the sixth African country to benefit from the…

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CR2 will see Mosul Bank offering a more advanced digital banking service to the Iraqi retail and corporate banking market

Mosul Bank (www.almosulbank.iq) has selected CR2 (www.CR2.com), one of the world’s leading software vendors in the digital banking and payments market, to accelerate its digital banking transformation strategy in the Iraqi market. This latest win for CR2 will see Mosul Bank offering a more advanced digital banking service to the Iraqi retail and corporate banking market, across both mobile…

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African Metaverse Set to Boost Economy and Create Employment

Africarare, Africa’s first metaverse, is set to unlock African creativity and connect Africa to the global digital economy. At an event in Johannesburg on Monday, plans were announced for the commercialisation of the 3D virtual reality experience, that is set in Ubuntuland, a virtual world that marries creativity, cryptocurrency, and commerce. Firstly, virtual land will soon be available to…

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US seeks to up its game in scramble for Africa

Summary US Deputy Assistant Secretary of State Akunna Cook said the country has not done enough in deepening its presence in a continent with 1.3 billion people. “If I were to take away one challenge, it is really a challenge to us in the US Government to really step our game up,” Ms Cook told reporters in Johannesburg, South Africa….

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MTN Group emerges first African company on the metaverse

MTN Group emerges first African company on the metaverse MTN Group announced that it purchased 144 plots of digital land in Africarare, the first virtual reality metaverse in Africa. MTN said the move aligns with its ambition 2025 which entails leveraging trends to augment and increase its customers’ digital experiences. Many companies around the world have already jumped on the…

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Africa Is The Place To Invest, Acknowledged US Delegation

– United States Congressman Gregory Meeks has warned that the United States will only be part of the future if it invests in Africa now. The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on Saturday, as he and a team of congressional colleagues concluded a tour…

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Global Afropop Star Yemi Alade Urges Vaccination In Africa

Vaccines remain critical for saving lives and livelihoods. But, misinformation spreads fast, so we need to be smarter and more creative to spread the right information faster. People make the right choices to protect themselves and their families when they have the facts. KEY TAKEAWAYS Vaccines remain critical for providing protection against the virus, massively reducing the chances of…

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10 African countries with the highest average monthly salaries, according to available stats

A young African working hard to earn his pay Business Insider Africa presents 10 African countries where workers earn the highest average monthly salaries, according to Salary Explorer. These average salaries were calculated using feedbacks provided by some respondents, and as such can only serve as indicators. Is your country among the top ten countries where workers can earn…

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Celebrating African podcasters at Africa Podcast Day

It’s impossible to have a conversation about the pan-African podcast space without mentioning Melissa Mbugua and Josephine Karianjahi. As the co-directors of Africa Podcast Day, these two women are breaking barriers and creating a space for African podcasters to be celebrated. On Saturday, 12 February 2022, the annual Africa Podcast Day took place. The hybrid, virtual and in-person, celebrations…

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Stallion NMN To Assemble 500 Units Of Vans In Nigeria

Stallion Nissan Motors Nigeria Ltd has promised to start assembling no fewer than 500 units of the pickup in the country to ensure accessibility at an affordable price. Stallion Nissan Motors Nigeria Ltd is the Nissan’s exclusive manufacturer and product distributor in Nigeria. It has recently launched  Nissan Navara into the Nigerian market. Addressing journalists at the launch, the…

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Africa’s Debt Higher Than Combined Revenue of $501bn, Says Adesina

African Development Bank, AfDB, President, Akinwumi Adesina, has revealed that Africa’s public debt, currently estimated at $546 billion, represents one-quarter of the continent’s GDP and is higher than the combined total annual government revenues of $501 billion. Speaking , weekend at the African Union Summit in Addis Ababa, Ethiopia, Adesina said the African Development Fund, the Bank Group’s concessional…

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Africa’s digital payments economy: enabling true disruptive innovation

Can disruption be both devastating and inventive. Harvard professor Clayton Christensen believed so. And it makes sense. It begins when a firm targets overlooked – typically low-profitability – segments of a market, or creates a new market where none existed, and offers low-cost solutions. The entrant gains a foothold, eventually moves up-market and soon co-opts mainstream customers: the entire…

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Dangote Refinery To Reduce Africa’s Petroleum Importation

The 650,000bpd Dangote Petroleum Refinery, is expected to bring about a 36 per cent reduction in the importation of petroleum productions into the continent. Nigeria is the largest oil and gas producer in Africa. Nigeria’s economy and budget has been largely supported from income and revenues generated from the petroleum industry since 1960 and statistics as of February 2021…

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Cassava Technologies appoints Tesh Durvasula as CEO for Africa Data Centres

Cassava Technologies (CassavaTechnologies.com) is proud to announce that it has appointed Tesh Durvasula as the new Chief Executive Officer of Africa Data Centres (ADC) effective 7 February 2022. He will be responsible for driving growth, innovation and strategy of Cassava Technologies’ data centres to meet Africa’s accelerating demand for data and digital infrastructure. Durvasula is an experienced technology and…

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No Symptoms. No Isolation! South African Cabinet Approves Changes to Covid Regulations

The South African Cabinet has approved changes to the Adjusted Alert Level 1 COVID-19 regulations as South Africa has exited the fourth wave nationally. Based on the trajectory of the pandemic and the levels of vaccination in the country, Cabinet has decided to make changes to Adjusted Alert Level 1 with immediate effect. With the new changes, those who test positive…

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Dangote’s ambitious drive at solving Africa’s petroleum, fertiliser import problems

Dangote oil refinery The conversation around local refining in Nigeria is as old as the existing refineries offering little or no succor to the country. Nigeria’s four refineries, with a name-plate capacity of refining 445,000bpd of crude, were set up almost 30 years ago. Today, the refineries are a drain on taxpayers.   Notwithstanding efforts to rehabilitate them, Nigerians appeared to…

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Liberia: A Global Education Crisis – How Can Governments Overcome Learning Losses in 2022?

For two whole years, the Covid19 health crisis has disrupted education systems worldwide and forced school closures which have impacted hundreds of millions of children. All of them have suffered learning loss. Some, though, have suffered more than others. In developed countries, access at home to computers and cheap and reliable broadband allowed students to make the transition to…

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Can hybrid finance unburden Africa’s shaky SME sector?

For SMEs in Africa the effects of the pandemic have exacerbated a woefully under-financed area of the economy, but by cultivating the right environment and encouraging SMEs to formalize their operations, hybrid financing might provide the key to recovery Workers at an apple factory in South Africa  It is tough being a small and medium enterprise (SME) in Africa,…

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Africa’s COVID-19 cases surpass 10.56 mln: Africa CDC

ADDIS ABABA, The number of confirmed COVID-19 cases in Africa has reached 10,564,758 as of Sunday evening, the Africa Centers for Disease Control and Prevention (Africa CDC) said. South Africa, Morocco, Tunisia and Ethiopia are among the countries with the most cases on the continent, it said. South Africa has recorded the most COVID-19 cases in Africa with 3,579,428…

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Zanzibar and Oman sign agreement to build tourist port at Malindi

Zanzibar’s President Hussein Ali Mwinyi looks on during the signing of the MoU with the Oman Investment Authority at State House Zanzibar on Thursday, January 20, 2022. The government of Zanzibar and the Oman Investment Authority has signed a memorandum of understanding to study the feasibility of a project to rehabilitate, develop and operate the Malindi Tourist Port, the…

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New study suggests that children in sub-Saharan Africa are dying of Covid-19 at a higher rate than the rest of the world

A recent study published in the American Medical Association’s JAMA Pediatrics medical journal shows that children in sub-Saharan Africa are dying of Covid-19 at a much higher rate than children in Europe and the US. The study was led by Professor Jean B. Nachega, an infectious diseases epidemiologist associated with South Africa’s own Stellenbosch University and the University of Pittsburgh in…

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Africa CDC says it will talk to Merck about Covid pill, Pfizer talks ‘advanced’

The Pfizer arrangement is far advanced … In time, if we narrow this down and finalize … with Pfizer, I’m sure we’ll engage with Merck as well,’ he said Africa’s top public health body plans to talk to Merck about obtaining supplies of its molnupiravir treatment pill for Covid-19, although talks with Pfizer about its Paxlovid medication were more…

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South Africa launches the continent’s first vaccine factory for Covid-19

South Africa, spearheading the fight for equal access to vaccines against Covid-19, launched Wednesday in Cape Town the continent’s first factory that will manufacture doses from scratch, funded by biotech billionaire Patrick Soon-Shiong.The goal is the production of “a second-generation vaccine, and we want to make it in Africa, for Africa, and export it around the world,” said the…

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China hopes to expand East African rail network and develop ports

China is proposing a grand infrastructure plan for the Horn of Africa that would involve expanding the two major railroads and developing ports on the Red Sea and the Indian Ocean. Under the proposals, announced during last week’s visit by China’s foreign minister Wang Yi, the Mombasa-Nairobi Railway in Kenya will be extended to Uganda, Rwanda, South Sudan, and…

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Isabel Maganga appointed acting Equity Bank Tanzania Managing Director

Dar es Salaam, Tanzania 24th December 2021 –Equity Bank Tanzania has announced the appointment of Ms. Isabel Maganga as the new Managing Director in an acting capacity with effect from 23rd December 2021. Ms. Maganga is a career banker with over fifteen years of experience. She holds a Master of Science in Finance and Investments from Coventry University, a…

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Nationwide novel polio vaccine rolled out in Egypt, in Region first

Egypt is the first country in the Eastern Mediterranean Region to use nOPV2, a next-generation version of the existing type 2 monovalent OPV (mOPV2) CAIRO, Egypt, A nationwide campaign to vaccinate 16.5 million children under age five with novel oral polio vaccine type 2 (nOPV2) began this week in Egypt. Egypt is the first country in the Eastern Mediterranean…

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Coronavirus-Nigeria: Accelerating COVID-19 vaccination uptake among People Living with HIV in Nigeria

There is a pressing need to address the inequalities fueling the twin pandemics of HIV and COVID-19 including stronger support for community-led responses ABUJA, Nigeria, The emergence of the COVID 19 omicron variant, has continued to rage, with attendant consequences. The situation is posing an even greater strain on progress with ending AIDS, disrupting HIV prevention and treatment services,…

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New Economic Analysis Calls for Solutions to Address Macro and Gender Imbalances to Unlock Malawi’s Full Inclusive Growth Potential

The 14th edition of the MEM, Addressing Macro and Gender Imbalances, highlights how Malawi’s economic growth for 2022 is projected to pick up to 3% LILONGWE, Malawi, Closing the wide gender gap in economic opportunities could lift more people out of poverty and unlock Malawi’s full inclusive growth potential, the latest World Bank Malawi Economic Monitor (MEM) shows. The…

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Canon Unveils its Mighty New Outdoor PTZ Camera, the CR-X300

This high quality, versatile camera gives outdoor remote production teams a robust camera solution Canon (www.Canon-CNA.com) today announces the expansion of its remote camera system line-up, with the launch of the CR-X300 – a small, robust PTZ camera. Joining Canon’s current range of PTZ cameras, which includes the CR-N500, CR-N300 and CR-X500, the CR-X300 offers high-quality 4K video output…

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TECNO Security Response Center Demonstrates Commitment to the InfoSec Community

TECNO Security Response Center affirms commitment to the digital security community, sponsors Security BSides and offers prizes and gifts to detect vulnerabilities Serious in its commitment to digital information security, TECNO Security Response Center (SRC) (https://bit.ly/3e6nOyH) sponsored the latest Security BSides in Ahmedabad, India in 2021. More than 400 security specialists and professionals attended the conference, fostering cooperation and…

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Mastercard Foundation launched the COVID-19 Recovery and Resilience Programme (CRRP) to help micro- small- medium-sized enterprises (MSMEs) to respond to and withstand the impact of pandemic

NAIROBI, Kenya. When the first case of  COVID-19 was detected in Kenya in March 2020, it marked the beginning of a long journey of business uncertainty, disruption and great anxiety for entrepreneurs of all categories. It was especially hard for micro-enterprises and other small businesses, which traditionally do not have cash reserves or multiple income streams, to cushion them …

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Mobile Health Units are Saving Lives in Libya

UNFPA and its partners have deployed mobile health units throughout the country GHAT, Libya, Rahma was delivering at home when complications arose: obstructed labour, internal bleeding and low haemoglobin levels.   The 18-year-old, a migrant from Niger, was rushed to a mobile health unit in Ghat, where after undergoing a Caesarean section and blood transfusion, she gave birth to a…

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The African Development Bank appoints Ms Yacine Fal as Acting Vice President, Regional Development, Integration and Business Delivery

Ms. Fal joined the African Development Bank as Principal Legal Counsel in the procurement unit (1998-2007) and subsequently served as Manager in charge of the reform implementation team in the office of the President ABIDJAN, Ivory Coast, The African Development Bank Group (www.AfDB.com) is pleased to announce the appointment of Ms. Yacine FAL, currently Director General, Cabinet Office of…

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MSGBC2021: Innovative Strategies for Socioeconomic Growth in the MSGBC Region

Day two of the MSGBC Oil, Gas & Power 2021 Conference and Exhibition featured a panel discussion presenting effective strategies to promote local content development and capacity building in the region DAKAR, Senegal, Under the theme ‘Innovative Strategies for Socioeconomic Growth,’ day two of the MSGBC Oil, Gas & Power 2021 Conference and Exhibition, held in Dakar, Senegal, on…

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MSGBC Oil, Gas & Power 2021 Hosts High Level Awards Ceremony

The awards celebrated achievements made by companies and individuals in west Africa’s energy space DAKAR, Senegal, Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announce the launch of an award ceremony at the first-ever MSGBC Oil, Gas & Power 2021 conference and exhibition. The ceremony – which took place on 16 December – celebrated the achievements made by…

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A visionary C-arm for a visionary hospital

The Sidilega Private Hospital has a vision – to create a world-class, fully digitized radiology department that will empower more radiologists to grow their skill set while enabling Botswana to become a leading center of excellence in Southern Africa GABORONE, Botswana, It’s already happening, thanks to Mrs. Isaacs – the visionary Head of Radiology Department, who not only set…

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Trove Finance’s Global Share Dealing app wins 2021 Ecobank Fintech Challenge

The Ecobank Fintech Challenge is a flagship event of the Ecobank Group to support and enthuse early stage fintechs from across the African continent ACCRA, Ghana, The leading pan-African Banking Group, Ecobank Group (www.Ecobank.com), announces that Trove Finance, a Nigerian-based global share dealing app, is the winner of the fourth edition of the annual Ecobank Fintech Challenge. The winner…

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IMF Executive Board Completes First Review Under the Extended Credit Facility Arrangement and Approves US$212.3 Million Disbursement for the Democratic Republic of the Congo

Despite the persistence of the COVID-19 pandemic, the economy is recovering WASHINGTON D.C., United States of America, Despite the COVID-19 pandemic, the rebound in economic activity is stronger than initially projected, supported by higher-than-envisaged mining production and the recovery in non-extractive growth; The conclusion of the first review under the ECF arrangement enables the immediate disbursement of US$212.3 million…

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CORRECTION: Nuclear Technology Imbizo 2021 is postponed until March 16th

The decision to postpone the event was made after careful consideration and as a consequence of the current COVID-19 Omicron variant JOHANNESBURG, South Africa, Nuclear Technology Imbizo will now take place on the 16th and 17th of March in the Cape Town International Convention Centre. The decision to postpone the event was made after careful consideration and as a consequence of…

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Sustainability Takes Centre Stage

Corporate sustainability in practice was under the microscope at a special Expo 2020 Dubai edition of the Canon Frontiers of Innovation thought-leadership series DUBAI, United Arab Emirates,  Corporate sustainability moves from the sidelines to centre stage; Big businesses embracing a triple bottom line see positive business returns; Growing commitment by corporates to helping achieve the UN Sustainable Development Goals…

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FAO pilots innovative tool to support One Health operationalization in United Republic of Tanzania

One Health is an integrated, unifying approach that aims to sustainably balance and optimize the health of people, animals and ecosystems  The FAO One Health Monitoring Tool aids local, national and regional entities to assess progress made and identify gaps. The Tanzania One Health Coordination Desk, in collaboration with the Food and Agriculture Organization of the United Nations (FAO),…

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TECNO Announces Innovative Memory Fusion Technology to Boost RAM and Apps Running Efficiency

Memory Fusion Technology was designed to make use of unused read-only memory (ROM) and channel them for RAM operations HONG KONG, Hong Kong, TECNO (www.TECNO-mobile.com), a rising superstar as a global smartphone brand of the new generation, announced the release of a new virtual Random Access Memory (RAM) expansion technology for its users to increase the RAM capacity of…

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Council of Ministers of African Petroleum Producers’ Organization (APPO) on 14 December 2021 in Algiers, People’s Democratic Republic of Algeria

Top on the agenda of the Ministerial discussions was the Future of the Oil and Gas industry in Africa in the light of the Global pursuit of Energy Transition JOHANNESBURG, South Africa, The Council of Ministers of the African Petroleum Producers’ Organization (APPO) just ended its 41st Ministerial Session with a resolve to continue the exploitation of its Member Countries’…

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TECNO to Deploy Sensor Shift with Latest Technical Innovations, Leading the New Trend for Android Phones

Sensor Shift stabilizes images using sensor movements to compensate for vibrations rather than using lens movements as in existing cameras HONG KONG, Hong Kong, A premium smartphone brand focused on global emerging markets, TECNO (TECNO-Mobile.com), outlined an array of its latest technologies and achievements at a webinar entitled “Global Mobile Camera Trends 2022: Innovation Talk” (https://bit.ly/3yom1hM). One eye-catching development…

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Canon brings the precision and simplicity of the EOS R3 to its range of professional cameras

Building on user feedback and the success of the EOS R3, Canon’s latest firmware levels up the EOS R5, EOS R6 and EOS-1D X Mark III DUBAI, United Arab Emirates, Canon (Canon-CNA.com) today announces firmware updates for the EOS R5 (firmware v1.50), EOS R6 (firmware v1.50) and EOS-1D X Mark III (firmware v1.60). Following the recent launch of the EOS R3,…

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African Development Bank’s Board of Directors approves the institution’s borrowing program for 2022

The Bank will continue to promote the development and deepening of African capital markets through the issuance of local currency-denominated debt ABIDJAN, Ivory Coast, The 2022 borrowing program of the African Development Bank has been approved by the Board of Directors for up to $10 billion to be raised from the capital markets.   The African Development Bank is…

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Nuclear Technology Imbizo 2021

The participants for Nuclear Technology Imbizo 2021 will bring ideas, innovations and best practices that have made a difference in the past decade and going forward JOHANNESBURG, The Nuclear Industry Association of South Africa (NIASA) (http://NIASA.co.za/) in collaboration with South African Young Nuclear Professionals Society (SAYNPS), Women in Nuclear South Africa (WINSA) and Southern African Radiation Protection Society (SARPA)…

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2021 Visa Openness Index calls for easier travel to propel Africa out of Covid-19 slump

Published yearly since 2016, the Index measures African countries’ openness to travellers from elsewhere on the continent ABIDJAN, Ivory Coast, Opening up Africa’s borders to travel will drive investment and an economic rebound, according to the authors of the 2021 Africa Visa Openness Index (https://bit.ly/3IPoRkJ). Published yearly since 2016, the Index measures African countries’ openness to travellers from elsewhere…

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Power Scarcity In Sub-Saharan zone

Sub-Saharan Africa (SSA) now constitutes the region with lowest number of people on electricity supply, subjecting women and girls to rights abuses, energy experts meeting at a Pan African Climate Justice Alliance organized meeting currently ongoing in Egypt have said. Currently, around one in two people in sub Saharan Africa, roughly 75% of the global total, have no electricity. …

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Post-COVID-19 Recovery and Economic Transformation Will Be Increasingly Service-Sector-Led

Prior to the pandemic, Kenya saw strong growth in employment among the higher-skilled services sub-sectors NAIROBI, Kenya, Kenya has a very dynamic private sector, with a relatively high entry rate of new firms, in comparison to other countries with similar levels of per capita income. These firms do face challenges in terms of scaling up – most firms in…

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MSGBC Oil, Gas & Power 2021 to Host High Level Awards Ceremony

Taking place on the 16th of December, the awards aim to celebrate achievements made by companies and individuals in west Africa’s energy space DAKAR, Senegal, Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announce the launch of an award ceremony at the first-ever MSGBC Oil, Gas & Power 2021 (https://bit.ly/3dSCodc) conference and exhibition. Taking place on the evening…

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Vertiv Partners with Tech Consortium to Lead Low-Carbon Fuel Cell Development for Data Centres

Consortium of seven organizations chosen by the Clean Hydrogen Partnership to develop a next-generation fuel cell platform to ensure a greener future for data centres across the world DUBAI, United Arab Emirates, Vertiv (https://bit.ly/3ymc18R) (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the Clean Hydrogen Partnership will provide EUR 2.5 million to help…

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Following Nigeria’s Example: Developing Marginal Fields Is More Important Than Ever for Africa (By NJ Ayuk)

Marginal field development has also allowed indigenous companies to step out from oil majors’ shadow and thrive JOHANNESBURG, South Africa, (By NJ Ayuk, Chairman, African Energy Chamber). Nigerian energy-industry leaders have been reminiscing lately about the country’s earliest efforts to develop marginal oil and gas fields. That’s because after nearly two decades, Nigeria recently stepped up its marginal-field development efforts,…

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Cassava Technologies and Mitsui Sign a Memorandum of Understanding to Accelerate Digital Transformation in Africa

Partnership will further development of digital infrastructure and services in Africa Cassava Technologies (CassavaTechnologies.com), Africa’s first integrated tech company of continental scale, today announced that it has entered into a memorandum of understanding (MOU) with Mitsui & Co., Ltd (Mitsui), one of Japan’s largest global conglomerates. Cassava Technologies and Mitsui share a common vision of facilitating digital transformation across…

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Setting The Wheels Of Sustainability In Motion – Moments That Matter (By Muhammad Muheisen)

A photograph can compel you to take action or make you cry or even transport you back to the happiest moment of your lives DUBAI, United Arab Emirates, By Muhammad Muheisen, Canon (www.Canon-CNA.com) Ambassador, National Geographic Photography and Founder of Everyday Refugees There is no denying that photography has an immense power to evoke emotions, move our minds, touch…

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Building for the future of Africa’s energy industry takes the spotlight on Day Two of the US-Africa Energy Forum

Technological advancement in energy is a guaranteed force of change in the coming years and with the global focus on addressing issues of climate change, it becomes clear that US-Africa relationships will play a major role in developing and enabling the future of African energy HOUSTON, United States of America, Day two of the US-Africa Energy Forum in Houston,…

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Day One of US-Africa Energy Forum answers ‘Why Africa & Why Now’ question

Ministers and executives from across Africa’s energy industry emphasize that, ‘Africa is open for business’ as the future of the industry looks bright for foreign collaboration and innovation HOUSTON, United States of America, After a strong opening to the US-Africa Energy Forum, ministers and executives dove into the age-old investment proposition, ‘Why Africa and why now?’ If one thing…

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US-Africa Energy Forum opens in Houston, Texas asserting the significance of US-Africa relationships for the future of the global energy industry

The US-Africa Energy Forum just opened in Texas with opening statements focusing on the importance of fostering relationships between the United States and the African continent HOUSTON, United States of America, The US-Africa Energy Forum is off to a strong start at the C. Baldwin Hotel in downtown Houston, Texas. Jude Kearney (Chair of the US-Africa Committee, African Energy…

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Clickatell’s 2022 Prediction: Brands Will Prioritize Chat Commerce to Improve the Consumer Experience, Becoming a Multi-Billion Dollar Market

Convergence of fast-growing CPaaS, CCaaS, and Digital Commerce sectors drives adoption of Chat Commerce REDWOOD CITY, California, Clickatell (https://bit.ly/3yfdmhr), a leader in mobile communications and Chat Commerce (https://bit.ly/3GqJr8U), collaborated with senior executives across the CPaaS, CCaaS, and Digital Commerce industries to predict the stand-out trends for 2022. The responses point to the consolidation of all three sectors into a…

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Chevron, Equatorial Guinea Sign Production Sharing Contract for Block EG09

The agreement marks a significant step in the country’s journey to develop its hydrocarbon resources while reaffirming Chevron’s presence in the country JOHANNESBURG, South Africa, American multinational energy corporation Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09 – located in the Douala Basin on the border of Cameroon. Representing a notable achievement for…

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Verdant Capital named best Local Financial Adviser for 2021 by Private Equity Africa

Now in its 10th year, the PEA awards are the ultimate accolade of success in the African Private Equity industry JOHANNESBURG, South Africa, Verdant Capital (Verdant-Cap.com) has been named by Private Equity Africa as the best Local Financial Adviser for 2021. Private Equity Africa, or PEA is an authoritative journal for private equity investors in Africa and into Africa. …

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Sustainable print high on the agenda – Canon Frontiers of Innovation, Expo 2020 Dubai

Digital printing and personalisation are major growth drivers DUBAI, United Arab Emirates, The print industry in Africa and the Middle East is growing despite predictions; Digital printing and personalization are major growth drivers; Sustainability is high on the print industry agenda. The future of print in a digital world was in question even before COVID-19. Yet, according to regional…

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Meta Unveils its ‘Africa Year in Review’ for 2021

The infographic highlights key Meta successes and milestones across the region, whilst reinforcing its continued commitment to Africa JOHANNESBURG, South Africa, Meta (https://about.facebook.com/Meta/) today released its ‘2021 Africa Year in Review’, an infographic capturing some of the company’s significant investments and initiatives in sub-Saharan Africa this year – focused on driving innovation, connecting communities, helping businesses to grow and…

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Clickatell’s Annual CIT Event Addresses How Chat for Customer Experience is Taking the World by Storm

The event included insight from global market intelligence and advisory service, IDC, as well as a panel of industry thought leaders LAGOS, Nigeria, Attendees at Clickatell’s (www.Clickatell.com) Connect Interact and Transact (CIT) annual event last week experienced how creating a world where commerce and communications collide is where brands may do their best work for their customers. The event…

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DHL Global Forwarding expands presence in Algeria with new offices in Algiers and Hassi Messaoud

Customers of DHL’s Algeria offices can access its digital logistics platform Saloodo!, the entire gamut of CDZ customs brokerage services, and industrial projects DUBAI, United Arab Emirates, DHL (www.DHL.com) to meet growing demand for transport, logistics solutions in Algeria and north Africa; The logistics leader to open an additional office in Oran as part of its growth plans. Following…

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Strengthening Technical and Vocational Education and Training in South Sudan

This project is in line with the strategy for Sweden’s development cooperation with South Sudan 2018–2022, which fosters the humanitarian-development-peace nexus in the country On 6 December 2021, the Embassy of Sweden and the UNESCO Office in Juba, signed an agreement to implement a four-year project “Strengthening Technical and Vocational Education and Training (TVET) in South Sudan” amounting to…

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Radisson Hotel Group Looks Ahead to 2022 as it Wraps up 2021 as a Record Year with Numerous Milestones Achieved

The Group’s aggressive expansion places them firmly on track to boost the current African portfolio of almost 100 hotels currently in operation and under development to its ambition of 150 hotels by 2025 CAPE TOWN, South Africa, Radisson Hotel Group (https://bit.ly/3ozC7Sl), one of the world’s leading hotel groups, looks optimistically towards 2022 as it positively culminates the year with…

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The State of Cyber Extortion Crime in South Africa

The ransomware story is getting longer and more complicated and South African organisations are not excluded JOHANNESBURG, South Africa, The KnowBe4 (www.KnowBe4.com) and ITWeb Ransomware Survey took a deep look into the South African organization, finding that ransomware and cybercrime are increasingly impacting organizations on the continent. While many companies (32%) were attacked in 2021, some multiple times (12%),…

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World Bank Supports Cabo Verde to Build a Sustainable and Equitable Recovery

This operation, the first in a series of two, is closely aligned with the priorities the Government outlined in its recovery strategy, Cabo Verde Ambição 2030 WASHINGTON D.C., United States of America, The World Bank approved a $30 million Development Policy Financing Operation on December 6 to support the Government’s efforts to strengthen policies for a sustainable, equitable, and…

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Equinix to Expand into Africa with Acquisition of MainOne

Expansion Aims to Enable Organizations to Accelerate Digital Transformation throughout Africa REDWOOD CITY, United States of America, Equinix, Inc.(www.Equinix.com) (Nasdaq: EQIX), the world’s digital infrastructure company™, today announced its expansion into Africa through its intended acquisition of MainOne (www.MainOne.net), a leading West African data center and connectivity solutions provider, with presence in Nigeria, Ghana and Côte d’Ivoire. The acquisition is expected to close…

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OPEC Secretary General Confirmed as Speaker at MSGBC Oil, Gas & Power 2021 Conference and Exhibition

H.E. Barkindo is expected to discuss the MSGBC region’s hydrocarbon potential, various long-standing challenges DAKAR, Senegal, Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announced that OPEC Secretary General, H.E. Mohammed Barkindo, has been confirmed as a speaker at the MSGBC Oil, Gas & Power 2021 Conference and Exhibition, taking place on 16-17 December at the Centre International…

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Global Retail Banking Innovation Awards 2021: Bank One Elite Banking awarded “Best Mass Affluent Banking Offering” for its Cross-border Services

The “Best Mass Affluent Banking Offering” title recognises the efforts of Bank One in serving mass affluent customers PORT LOUIS, Mauritius, Bank One (www.BankOne.mu) announced that it won the Best Mass Affluent Banking Offering award in the Service Innovations category at the Global Retail Banking Innovation Awards 2021 (GRB21) organised by the Digital Banker. Every year, The Digital Banker…

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Canon celebrates 10 years of Cinema EOS

Canon broke new ground with the launch of the Cinema EOS System bringing to market its first Full HD digital cinema camera and dedicated camera lenses DUBAI, United Arab Emirates, Canon (www.Canon-CNA.com) celebrates the 10th anniversary of its renowned Cinema EOS line-up, praised by filmmakers including Jimmy Chin, Director and Producer of the Academy Award winning documentary Free Solo, the…

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African Business and Political Leaders Start Dialogue to Launch the African Green Initiative at AEW 2022

The African Green Dialogue, led by the private sector, will promote discussions around green energy in Africa, marking a significant step in the journey towards the continent’s energy transition JOHANNESBURG, South Africa, As a platform for an inclusive discussion on Africa’s green energy sector, the African Green Initiative, which is being launched during an African Green Summit at African…

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MFA Nasser Bourita: Morocco was Able to Turn Challenges of Pandemic into Opportunities

The Minister also recalled the inauguration of the African Migration Observatory in Rabat in December 2020 RABAT, Morocco, Morocco has distinguished itself by turning the challenges of the Covid-19 crisis into opportunities, via the launch of a comprehensive program of transformative reforms, said Saturday, December 4th, in Rome, the Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, MFA…

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Southern Africa Set for Economic Rebound, but Impact of Covid-19 Lingers

Southern Africa is projected to grow 3.2% in 2021 and 2.4% in 2022, according to the Bank’s Southern Africa Economic Outlook PRETORIA, South Africa, Southern Africa is set for an economic rebound in 2021 and 2022, provided the Covid-19 pandemic tapers off, according to a report published by the African Development Bank (www.AfDB.org). Like elsewhere on the continent, the…

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Sweden and UN Agencies launch multi-year project to strengthen food and nutrition security in Mali

The project will help improve the food and nutritional security of 144,800 people, particularly women and children BAMAKO, Mali, The Government of Sweden, the Food and Agriculture Organization of the United Nations (FAO), the United Nations Children’s Fund (UNICEF), and the World Food Programme (WFP) have signed a four-year programme to strengthen the resilience of vulnerable communities affected by…

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