Category Archives: African News

African Business News

SAMSUNG commit to improving digital transformation in Africa’s education system.

digital transformation in Africa’s education system

The head of Public Relations and Corporate Citizenship at Samsung Electronics Africa Office, Ms. Sthembile Shabangu, has revealed at the Samsung Africa Forum 2017 that Samsung is advancing plans to improve digital transformation in Africa’s education system. She said, “In today’s digital era, any community, especially disadvantaged areas, will benefit from hands-on experience with technology. Our aim is to make sure that every African child has access to education, no matter where they are – be it in a rural area lacking infrastructure or perhaps in an existing infrastructure that lacks educational resources – by providing access to technology.”

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New for Nigerians: Paycode Cardless Cash Withdrawal Service

I’m excited to announce a new financial service inside BBM for Nigerians: Paycode. This service, from Interswitch Ltd, enables cardless cash withdrawal at ATMs as well as cardless/cashless payments in participating real-world stores. Nigerians can find Paycode on their Discover menu today.

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The Aviation Africa Event Opened Its Doors Today In Kigali To The Global Aviation Industry

The Aviation Africa 2017 is taking place at the Radisson Blu Hotel & Convention Centre, Kigali, Rwanda from 22 to 23 February 2017.

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DEAL 2017 to Spur Amusement Industry in Africa.

DEAL 2017

African millennials are changing their consumer spending patterns, from markets to malls, where they can eat, socialize and get entertained at Family Entertainment Centers (FEC) apart from shopping. Also there have been key amusement parks in Egypt, Nigeria, Tunisia and South Africa which have enticed people around the African region. DEAL 2017 will bring to Africa the largest show in the amusement industry and will provide an effective platform for the stakeholders within the African entertainment and amusement sector, as per International Expo Consults – the organizers of the show. In the wake of growing developments in the African region, it is essential for shows like DEAL to bring key players of the amusement and leisure industry to converge at a focal point to showcase ingenious products which can benefit the market. African tourism has seen a boost is simultaneous to the economic growth being experienced across many parts of the continent. Reports predict that direct contribution of Travel & Tourism to GDP will increase by 4.8% per annum, to USD121.3bn which is approximately 3.2% of GDP by 2026.

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Mimecast Combats Rise of Internal Email Threats with Purpose-Built Cloud Security Service

MIMECAST

Mimecast Limited (NASDAQ: MIME), a leading email and data security company introduced the latest capability of its Targeted Threat Protection service, Internal Email Protect, the first-to-market cloud-based security service providing threat capabilities for internally generated email. Internal Email Protect allows customers to detect and remediate security threats that originate from their users’ email accounts. This capability includes the scanning of attachments and URLs, as well as content inspections via DLP services. Additionally, Internal Email Protect includes the ability to automatically extract infected email or attachments from users’ inboxes.

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Angola Cables to peer at NAPAfrica: Africa’s most connected Internet Exchange

Angola Cables, a leading telecoms operator is expanding its network reach and peering capabilities across the globe. With an aim to become a major IP transit and MPLS player in sub-Saharan Africa, Angola Cables has chosen NAPAfrica as its peering point. NAPAfrica is Africa’s largest Internet Exchange Point (IXP), with over 240 unique connected networks and 140Gbps peering traffic. NAPAfrica, which is co-located within all Teraco data centre facilities, provides peering across sub-Saharan Africa from Johannesburg, Durban and Cape Town.

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Clean Energy West Africa Summit Confirms Workshop for Ecowas-Based Clean Energy Start-Ups

In partnership with the Climate Innovation Center, Ghana, the Clean Energy West Africa Summit will host the first incubator workshop in April which will look at how entrepreneurs can build, develop and sustain clean energy businesses.

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European Regulators Join African Banks to Discuss Economic and Financial Stability

Africa has witnessed a rapid expansion of cross-border banking, led by banking groups based in Africa that are spurring financial and economic integration and transforming the continent’s financial landscape. These institutions are occupying a space created by the retreat of several global bank groups from Africa in the wake of the crisis. African banks headquartered from Morocco to South Africa have each established business operations in at least 10 countries. Ecobank, headquartered in Togo—is present in more than 30 countries on the continent.

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Aviation Africa 2017 to Open With a Sold-Out Conference and Exhibition

aviation africa 2017Aviation Africa 2017 takes place at the Radisson Blu Hotel & Convention Centre, Kigali, Rwanda on 22-23 February 2017.  The sold out conference and exhibition will be one of Africa’s largest Aviation events offering the opportunity for the international aerospace industry to network with Africa.

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Convergence of Nations Released in French and Portugese

convergence of nations

This week, Jean – Claude Bastos de Morais – an African Entrepreneur, Investor and Innovation Influencer announced that two additional editions of the highly demanded book (The Convergence of Nations) have been released in French and Portuguese, adding up to the previous English version.

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Developers in Middle East and Africa to compete for $20,000 in Facebook Bots for Messenger Challenge

Facebook Bots for Messenger Challenge

Facebook just launched the Facebook Bots for Messenger Challenge, a contest to recognize and reward developers who are able to create the most innovative new bots on Messenger. From today, 15th February 2016, Facebook will accept applications for its Bots for Messenger Developer Challenge until 28th April, 2017. Over 20,000 USD cash prizes are expected to be won by s developers across the Middle East and Africa region who will be successful in creating innovative bots in the Bots for Messenger Developer Challenge. The contest is designed in three categories: Gaming and Entertainment; Productivity and Utility; and Social Good. Applicants (Developers) in teams (maximum of three) are invited from the Middle East and Africa region to create bots in these categories.

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CashlessAfrica Champion Awards 2017 to Reward Innovation in the Digital Financial Services Ecosystem in Africa.

digital financial services

Mobile Money Shop in Ghana.

The CashlessAfrica 2017 (www.CashlessAfrica.com) awards are dedicated to acknowledging creativity, commitment and excellence in the digital financial services industry across Africa. The awards honor the best of the breed across all sectors and segments covering financial technology providers, mobile network operators, financial institutions, mobile money providers, card services, financial institutions, application providers, regulators, microfinance organizations and individuals in the ecosystem in Africa and beyond.

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Increasing Liquidity in Sub-Saharan Africa Hotel Real Estate Market

With hotel transactions close to USD 250 million across Sub-Saharan Africa in the past six months, commercial real estate specialist, JLL, predicts escalating investment activity in the regional hotel sector. Sub-Saharan Africa hotel real estate market has seen increasing liquidity.

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Ethiopian Water Adventure and More

Ethiopia is often described as a magical and refreshing destination which always lives up to its reputation. Visitors can explore hand in hand through clean beaches and hike to lush green mountains having the best time of their lives. Whether you are a history buff or just out for adventure and exploration you will get what you are looking for. Among the stunning Ethiopian places of the western Ethiopia, Bahir Dar which was once considered to be made the capital city of Ethiopia by the late former Emperor Haile Selassie due to the extravagant natural resources and suitable weather condition, is an exceptional location. Located 600 km northwest of Addis Ababa, it presents breathtaking lake views and artistic creations.

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Africa Finance Corporation: Sole Investor in Guinea’s Bauxite Exploration with $205m

africa finance corporation Africa Finance Corporation (AFC) has announced that a plan to invest 205 million USD in Guinea as an effort to help boost mineral exploration in the country through Alufer Mining Company (a Guinea based mineral exploration company) at their high grade bauxite reserve, Bel Air mine. The Bel Air mine is targeting release its first production by 2019 with an expected 10 million tonnes a year. The global bauxite supply is currently falling deficit to growing demand and thus, the development of AFC will increase production to contribute to global demand.

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Tourism Prospects looking for lucrative year for Ethiopia and the Globe

Simien Lodge/Jumia Travel Ethiopia

Over the years, tourism proved itself as one of the best green sectors supporting developing countries such as Ethiopia in their initiative to tackle poverty, unemployment and development setbacks. Countries sustainable program towards tourism sector created new jobs, reduce poverty and increase overall revenue from the sector.

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Morocco Accepted Back to the AU: Good or Bad?

Thirty-nine out of fifty-four states of the AU agrees to accept the Kingdom of Morocco back into the AU after the country opted out 33 years ago. Having being named as one of the brightest 50 economies in the world by Bloomberg, it is of no doubt that Morocco is having a very good economic prospect in Africa and also visionary in diverse sectors needed for economic growth by many other African nations. Morocco is the second largest African investor in the continent, and between 2003 and 2013, 51% of its foreign direct investment went to Sub-Saharan Africa, peaking at 88% in 2010.

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