The customers of Ecobank, the Pan-African Banking Group in 33 African countries, can now transact with over 170 million mobile wallets across the continent LOME, TOGO – Ecobank has announced the appointment of MFS Africa as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The partnership allows Ecobank customers to send and […]
– Egypt sends a clear message of intent as it prepares to take over the chairmanship of the African Union – A Guarantee Fund created to assist Egyptians companies to invest in the continent – Governance and the fight against corruption, two core issues at the centre of their AU agenda SHARM el-SHEIKH – […]
ADDIS ABABA, ETHIOPIA – Economic Commission for Africa (ECA) Executive Secretary Vera Songwe has urged UN agencies to rally behind ongoing continental initiatives aimed at boosting intra-Africa integration and trade and others that aim to harness the private sector and digital economy in a bid to alleviate poverty and propel structural transformation. “In a turbulent and […]
The African Institute for Mathematical Sciences (AIMS) – has announced the first cohort of the Small Research Grants in Climate Change Science winners. Dr Daniel Akinyele of Nigeria, Dr Lindani Ncube of South Africa, Dr Ayansina Ayanlade of Nigeria, Dr Adanna Henri-Ukoha of Nigeria, Dr Timothy Dube of Zimbabwe and Dr Muhire Innocent of Rwanda […]
Early signs suggest that the US-China rivalry will find its way to the African continent in 2019. While the US is multiplying warnings about the perils of Chinese debt-fuelled spending for economic stability, China will continue to broaden its engagement across the continent, with a particular focus on East Africa. This is one of the […]
LONDON – Liquid Telecom, a pan-African telecoms group, has reached an agreement with CDC Group Plc, the UK’s development finance institution, to invest $180m with the company. This investment will enable Liquid Telecom expand its high-speed broadband connectivity to some of the most underserved communities across Africa, including supporting Africa’s thriving tech start-up ecosystem with […]
MOGADISHU – Conflict and natural disasters from 2017 to 2018 have caused massive displacement to cities – says new report from the Internal Displacement Monitoring Centre. “Somali families are fleeing to Mogadishu seeking shelter, protection and aid. With nowhere else to go, they crowd into camps that are unhealthy and unsafe. This influx has made […]
SHARM EL SHEIKH, EGYPT – African Development Bank (AfBD) President Akinwumi Adesina has lauded Egypt’s strong macroeconomic performance, its improved ranking in the ‘Doing Business Index,’ and the success of major projects in which the Bank is supporting. Adesina was speaking during a session at the just-ended Africa 2018 Business Forum held in the Egyptian […]
NAIROBI – Most African countries are reported to have a positive economic outlook, apart from those with upcoming elections. This is according to ICAEW’s (the Institute of Chartered Accountants in England and Wales) latest report. In Economic Insight: Africa Q4 2018, launched this week, the accountancy body provides GDP growth forecasts for various regions including […]
Liquid Telecom has said that it is investing $400m US Dollars in Egypt over the next three years. This is part of a major partnership with Telecom Egypt which includes network infrastructure and data centres. The investment was announced over the weekend at the Africa 2018 Forum during a signing ceremony between the two companies. […]
The Common Market for Eastern and Southern Africa (COMESA) has marked the 24th anniversary since its transformation from the Preferential Trade Area for Eastern and Southern Africa (PTA). A high-level COMESA delegation led by Secretary General Chileshe Kapwepwe marked the anniversary in Egypt while attending the Africa 2018 Forum organized by the COMESA Regional Investment […]
SHARM-EL-SHEIKH, EGYPT- Egyptian President Abdel Fattah al-Sisi has said that “we are increasingly sending a clear message to the world that Africa is the future of the world economy and more so entrepreneurship.” He highlighted the laws that have been promulgated in the country had been done to encourage youth to establish companies and empower them, […]
KIGALI – Participants to the 13th African Economic Conference have called for African countries to leverage the full range of their strengths and resources to accelerate the region’s drive towards continental integration. Themed “Regional and Continental Integration for Africa’s Development” the 2018 AEC, jointly organized by the United Nations Development Programme, the United Nations Economic Commission for Africa, […]