Author Archives: Africa Business

365 days to build Africa’s first hyperscale data centre

The end of 2017 marks the completion of Africa’s first hyperscale data centre, JB2-Bredell. Owned and operated by Africa’s largest and only vendor neutral data centre, Teraco, the Bredell Hyperscale Data Centre Facility located in Bredell features over 24 MW of power and 6000m² of technical deployment space and is the largest commercial data centre in operation in Africa. The record-breaking build brings with it much anticipation as the continent sees more and more technology giants choosing to colocate to Africa. read more

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MainOne and Tizeti partner with Facebook to improve internet connectivity in Lagos

Internet services will be more accessible across Lagos Mainland including Ajao Estate, Surulere, Ikeja, Omole, Magodo, Gbagada, Oworonshoki, Bariga, Anthony Village, Ogudu, Ojota, Ketu and Alapere read more

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How the outcome of ANC elective conference will affect SMEs

Ahead of the ANC elective conference later this week, South Africans will be looking for a positive ending to a year marred by political and economic fallout. As the country watches and waits, speculation is rife about what the outcome will be, but according to Retail Capital CEO, Karl Westvig, stability and certainty is the silver bullet for the SME sector.   read more

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African economists seek bolder monetary policy reforms to address inequality

The African Economic Conference is dedicated to discussions on the kind of economic and political governance reforms that are critical in order to ensure structural transformation takes place in Africa read more

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Experts push for a single African air transport market

African countries have more bilateral open sky agreements with partners outside the continent than with African partners read more

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IMF Executive Board Approves US$ 163.9 Million Arrangement Under the Extended Credit Facility for the Islamic Republic of Mauritania

  • Board decision enables immediate disbursement of US$ 23.4 million to Mauritania.
  • Mauritania’s ECF-supported program aims to address the challenges of economic growth, stability, sustainability, and poverty.
  • Reforms will seek to create fiscal space for social spending and infrastructure through revenue mobilization and expenditure prioritization, as well as to modernize the monetary policy framework and maintain financial stability.

On December 6, 2017, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the Extended Credit Facility (ECF) with Mauritania for SDR 115.92 million (about US$ 163.9 million, or 90 percent of Mauritania’s quota) to support the country’s economic and financial reform program. read more

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WorldRemit raises $40m to target 5 million customers in Africa

Series C funding round brings the total amount raised to $220m read more

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Libya’s slave trade shocks AU-EU leaders into action

Images of a slave auction led to urgent meetings and an emergency plan during the recent Africa-Europe summit read more

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Namibia to host infrastructure development in Africa week

All is set for the 2017 Programme for Infrastructure Development in Africa (PIDA) Week which takes place from 10 to 14 December in Swakopmund, Namibia, on the theme, “Regional infrastructure development for job creation and economic transformation.” read more

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Active or Passive? Asset allocation strategies that investors need to consider

The saying “don’t put your eggs in one basket” should be every investor’s mantra. Anyone who has felt the pain of investing in a single stock or sector just before it crashed knows the danger of ignoring this advice all too well. read more

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