Monthly Archives: August 2015

GFI Forms Africa Advisory Group to Further Policy Goals in Region

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Satellite as key element for the Financial Services Industry

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Nigeria’s Federal Ministry of Power endorses the West African Power Industry Convention as forum returns to Lagos in November

“A strategic hub for stakeholders looking for collaboration and joint solutions” read more

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“We are here today because we firmly believe that the Information Society is what will enable Africa to make the leap into the 21st century”

The meeting of experts of the First Specialized Technical Committee (STC) on Communication and ICT (CCICT) has started at the African Union Headquarters in Addis Ababa, Ethiopia. Bringing together work that falls under the African Union’s Directorate of Information and Communication (DIC) with that of the Department of Infrastructure and Energy (DIE) this is the first meeting bringing together in a united framework, issues of communication, including the media, branding and information, and Information and Communication Technologies. A total of 31 member states of the AU are attending the meeting. read more

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SimbaPay announces Instant Deposit Service to all Choice Bank accounts in Kenya

SimbaPay ( – a leading digital money transfer provider – today announced the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya. SimbaPay has partnered with Choice Microfinance Bank a microfinance institution founded by Kenyans abroad. read more

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AU Launches Internet Exchange Point in Mauritius: “Keeping intra-country internet traffic within the country”

The African Union Commission (AUC), through the Infrastructure and Energy Department, in collaboration with the Ministry of Technology, Communication and Innovation today officially operationalized the Internet Exchange Point in Mauritius. read more

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U-Report Nigeria has the widest coverage of any country

Nigeria has become the first country to reach one million responders on the SMS-based U-Report platform, designed to strengthen community-led development and citizen engagement, UNICEF announced today. read more

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Investment community to gather in Abuja led by IFC and World Bank

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Johannesburg Stock Exchange launches JSE Eris Interest Rate Swap Futures

The Johannesburg Stock Exchange (JSE) (, the continent’s largest exchange, today have officially launched JSE Eris Interest Rate Swap (IRS) Futures. read more

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Somalia: Critical Food and Nutrition Situation Persists

MOGADISHU, Somalia, August 31, 2015/African Press Organization (APO)/ The results of the latest Food Security and Nutrition Assessment for Somalia, presented today in Mogadishu, indicate that the country’s humanitarian situation remains alarming. read more

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Americans: Thinking of Moving to Africa to Start Your Dream Business

With the economy becoming ever more globalized, many businesses are starting to consider relocation. Depending on your situation, you may find that another country offers you more benefits than the one you are currently in. Or, perhaps, you are simply looking to another location to your existing business, and would like to do so in another country. Regardless of the reason, if you are looking to start a business in another country, there are a few things that you need to think about before you make the move. read more

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Mobile Dissemination in East Africa

Home to about 246 million people, the mobile penetration rate in Eastern Africa ranges from 5% in Eritrea to 40% in Kenya. Its subscription base grew by 21% since 2008 and is projected to grow annually at a rate of 8% for the next five years. Subsequently, the use of smartphones increased and is also projected to account for 4 of every 10 connections by 2020. Although the region will remain heavily focused on 2G services, Ethiopia, Rwanda, Uganda and Kenya have witnessed the launch of the 4G. read more

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Ethiopia Chasing Franchise Hotels

Ethiopia ranks eight of the top ten countries for chain hotel developments in pipeline with 1,326 rooms, according to the W Hospitality Group 2015 survey. At present, Ethiopia has only three brand hotels – Hilton, Sheraton and Radisson Blu. This puts the country ahead of Eritrea, Somalia and Djibouti which have no brand hotels under pipeline. read more

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7 Ways to Make an Impact Presenting to Senior Management

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