Category Archives: African News

African Business News

DIAA Says MOBILE MONEY USERS SAVE 19,329,887 MILLION HOURS A MONTH

A recent study by Digital Impact Awards Africa (DIAA) has revealed that at least 5,000,000 regular users of mobile financial services in Uganda during a 3 months period spent 7,113,356 man hours (296,390 man days) to clear simple financial transactions and saved 57,989,660 productive hours (An average of 19,329,887 million hours a month) that would otherwise be spent on using traditional transactions payment means. read more

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ECA launches the 2016 Malawi country profile

The Country profiles provide evidence based information and analyses on socio-economic trends and tracks progress in areas of regional integration, gender equality and social development in member-states read more

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JACK MA: AFRICA NEEDS TRAINING AND PARTNERSHIPS FOR DEVELOPMENT

The founder of Chinese e-commerce giant Alibaba, Jack Ma, during last week’s youth connect Africa summit in Kigali made known that he will be undertaking four projects to support African entrepreneurs, young people and efforts of conservation in Africa. read more

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Africa Youth Connect: Africa Needs Re-branding, says Akon.

Youth Connekt Africa Summit ’17

At this year’s Africa youth connect held in Kigali, Rwanda, international hip-hop singer and song writer, AKON, touched on the need for Africa to rebrand. This is what he had to say, read more

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GRA picks up on Glo Telecom on Tax Debts

Glo Ghana, the telecommunication giant in Nigeria and operating in Ghana and Benin, has been picked on by the Ghana Revenue Authority (GRA) to be owing tax from 2016 which is amounting to over 11 million Ghana Cedis. Glo has been playing a functioning role in internet usage for many Ghanaians and the telecom company has responded to this announcement with all urgency. It is an inconvenience to the company and they are aiming to pay off the debt to GRA by end of this week. read more

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ICGS to build an energy hub for gas cooperation in South Africa this October

International Gas Cooperation Summit

From October 9th to 11th this year, South Africa will gather gas developers, investors, and technology providers within the natural gas sector to brainstorm the greater role of natural gas in building an energy robust economy to support national development in the country. read more

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Housing and Real Estate: Is There a Future for Mortgage Industry in Africa?

Rural urban migration offers an investment opportunity for the mortgage industry and financial institutions to develop a more effective way of giving clients access to owning an accommodation facility. Currently, over 40 per cent of sub-Saharan Africa population are residing in cities where there are growing housing challenges, thus, an opportunity for investment and also public-private partnerships (PPP) to curb the situation. read more

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US Offers 6 million worth Scholarship to 140 Nigerians.

The government of the United States of America has given out scholarships which is worth 6 million USD to 140 Nigerian students across universities and colleges in Nigeria. At an orientation held for the 140 scholarship recipients, the Deputy Chief of Mission of the US Embassy in Nigeria mentioned that their move to provide this support to excellent students is geared towards alleviating financial barrier faced by most brilliant or talented students which prevent them from pursuing higher education, and also for most Nigerian students studying in the US. Mr. Aruna Amirthanayagam, the Deputy Chief of Mission of the US Embassy, also said that their advising centres in Abuja and Lagos assist high achieving, low income students to apply to US colleges and universities that will offer admission with full scholarships. read more

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ACC Ghana 2017: Africans Building Africa 

African Clean Up Conference

Speakers and Some Participants at the ACC Ghana 2017

Ghana hosted the 2nd edition of the African Clean Up Conference through the Green Africa Youth Organization. The event was held at Hans Cottage Botel in Cape Coast, Ghana during the weekend. This was to match up with the action the desires of the convener of the conference, African Clean Up Initiative, a non-governmental organization in Nigeria and also the convener of the Clean Up Nigeria Project for Africans to begin to take responsibility in solving their environmental challenges in both indigenous and creative ways. read more

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Jumia Travel made Facebook Messenger the Customer Service platform

Jumia Facebook Messenger

Jumia Travel has announced the launch of customer service for Messenger with Salesforce (world’s leader in Customer Relationship Management). Facebook Messenger is now fully integrated into Jumia Travel’s system as a powerful channel for Customer Service. The integration of customer service for Messenger in Jumia Travel’s system marks a new dawn for its customer service experience, as it offers a live chat experience on Facebook Messenger. The tool can also be used to instantly request for a hotel room on the platform, where the company’s professional Travel Advisors will offer counsel on the best accommodation options as well as make the booking. read more

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ASKY INTRODUCES NON-STOP SERVICES TO ACCRA, LAGOS AND ABUJA

ASKY, a pan African airline formed by key players in Africa such as Bank for Investment and Development (EBID), the West African Development Bank (BOAD) and the ECOBANK Group, as part of its mission to connect West Africa and central Africa more easily with the focus of making business and leisure travel easily as well as reducing the flying time for travelling between the two regions of Africa, has inaugurate daily flights in Accra, Lagos and Abuja which started on July 3, 2017. read more

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Switzerland and Ghana launch 2017–2020 cooperation strategy

Trade between Switzerland and Ghana was worth CHF 2.38 billion in 2016, a significant increase over the previous year read more

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Benin signs the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration

The Mauritius Convention on Transparency aims to provide States and regional economic integration organizations with an efficient mechanism that extends the scope of the UNCITRAL Rules on Transparency in Treaty-based Investor-State Arbitration (“Rules on Transparency”) to investment treaties concluded before the Rules entered into force on 1 April 2014 read more

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East Africa’s Building Boom Calls Investors To Kenya

Economic growth of 6 per cent annually makes Kenya the beating heart of the East African construction powerhouse, according to the “East Africa’s Building Boom” industry report – commissioned by The Big 5 Construct East Africa. read more

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