African News Archives - AfricaBusiness.com

19Nov

By Africa BusinessNo Comments

African News

Ecentric Wins Fintech Innovation of the Year at 2024 Africa Tech Festival Awards

Ecentric, a leading omnichannel payments provider, and its partners were awarded Fintech Innovation of the Year at the 2024 Africa Tech Festival for their pioneering Wealth on Wheels (WOW) initiative, aimed at transforming South Africa's minibus taxi industry. The awards ceremony, held on November 13, 2024, at the Bay Hotel in Camps Bay, Cape Town, celebrated outstanding technological innovation across Africa. The event recognized companies, individuals, and projects for their contributions to advancing technology on the continent. Launched at the Southern African National Transport Conference (SATC) in Pretoria, the WOW platform brings digital solutions to the heart of transportation, modernizing the minibus taxi sector and driving it into the digital era. In collaboration with the Eas...

19Nov

By Africa BusinessNo Comments

African News

Experts Warn of Common Black Friday Scams to Avoid

With Black Friday just around the corner, thousands of deals and discounts will be up for grabs on November 29th. Whether you're a savvy shopper hunting for bargains or getting a head start on holiday gift shopping, there will be plenty of irresistible offers to take advantage of. However, it's crucial to stay vigilant, as online scams tend to increase in the lead-up to major sales events. Cybercriminals often take advantage of the larger audiences drawn to websites by discounted prices and special offers, making it more important than ever to protect yourself from potential threats. Marco Farnararo, CEO and Co-Founder of BravoVoucher.co.uk, has shared his expert advice on how to identify and steer clear of Black Friday scams. Fake Websites Popular retai...

17Nov

By Africa BusinessNo Comments

African News

SAFPS Warns: Technology is Emerging as a Major Battleground in the Fight Against Fraud

International Fraud Awareness Week is a global annual event dedicated to raising awareness about the widespread issue of fraud and showcasing the efforts across various sectors to combat this growing challenge. This year it takes place from November 17 to 24. "The role technology plays in fraud, and scams is becoming particularly challenging in South Africa," says Nazia Karrim, Head of Product Development at the Southern African Fraud Prevention Service (SAFPS), “with South Africa growing into an increasingly connected society, online fraud is a significant challenge that needs to be addressed." Be Careful of Business Email Compromise (BEC) The increased nature of technology-based fraud is evident in the recent statistics accompanying it. This is a significant challenge for companies th...

30Oct

By Africa BusinessNo Comments

African News, Ethiopia News, Events

AU-EU Youth Voices Lab – Power of the Collective. Empowering Youth Across Africa and Europe

On 14th October 2024, the AU-EU Youth Lab programme officially launched in Addis Ababa, Ethiopia, marking a pivotal milestone in empowering African youth and fostering their active participation in decision-making processes. The Kick-off ceremony gathered key partners from the AU-EU Youth Voices Lab and AU-EU Youth Action Lab, alongside members of the Youth Advisory Board (YAB), the EU-Ethiopia Youth Sounding Board, and youth representatives from across Africa. High-level dialogues with decision-makers, including H.E. Jutta Urpilainen, EU Commissioner for International Partnerships, and H.E. Javier Niño Pérez, EU Ambassador to the African Union, showcased the Lab’s transformative potential for youth engagement on the continent. The complete video of the ceremony is accessible online, off...

25Oct

By Africa BusinessNo Comments

African News, Business

Absa Closes Significant Trade Finance Facility with BII

Absa has successfully secured a $150 million facility from British International Investment (BII) PLC as part of its mission to help close the trade finance gap in Africa. BII (formerly known as CDC) is a UK-based Development Finance Institution (DFI) focused on investing patient capital to foster productive, sustainable, and inclusive economies. Absa, as the borrower in this transaction, will utilise the funds to support this objective, with a specific focus on the African continent. Names from left to right are: Nick O’Donohoe, CEO, BII Anneliese Dodds, UK Minister for Development Charles Russon, Interim Group CEO, Absa Group “Our unyielding commitment to the success of the continent continues to drive us to find solutions to serve our customers in a meaningful and ...

16Oct

By Africa BusinessNo Comments

African News, Business

MIGA and ATIDI collaborate to streamline African investments

Associations consent to second three-year arrangement to scale and imitate fruitful organization models. The agreement will establish a method for evaluating progress and outcomes, as well as joint marketing efforts to enhance cooperation and investigate new investment opportunities. The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group Guarantees, and the African Trade & Investment Development Insurance (ATIDI) have signed a three-year partnership to accelerate foreign direct investment throughout Africa. The two organizations have reached a second agreement to maximize development impact. Through the World Bank Group guarantee platform, the two organizations will collaborate by utilizing ATIDI's insurance and guarantee product expertise across t...

1Oct

By Africa BusinessNo Comments

African News, Business, South Africa News, Startups

Attendees at the Oppenheimers’ South African Future Trust 2024 Summit Can Take Our Country Forward

The country’s premiere entrepreneurial showcase, the South African Future Trust Summit returns to the Sandton Convention Centre on 24 and 25 October – with more speakers, more stages, more opportunities - and a R500 000 investment prize for one stellar delegate. Headlining the event are African Leadership Academy founder Fred Swaniker; Founder & CEO of the Rehumanize Institute and co-founder & previous CEO of SingularityU Nordic, Laila Pawlak; Tasha’s Group CEO & Founder Natasha Sideris; South African songstress and motivational speaker Lira; financial journalist, speaker and author Bruce Whitfield and Veldskoen co-founder & CEO Nick Dreyer – with many more big-name presenters yet to be announced. The presenters and panellists will share their unique insights into how best...

15Aug

By Africa BusinessNo Comments

African News, Events, Medicine, South Africa News

Pioneering progress amid resource constraints in African radiology and oncology

Experts are concerned about resource limits and insufficient radiology skills and services in Africa, particularly for cancer detection and treatment. As the continent grapples with the rising burden of cancer, the intersection of oncology and radiology emerges as a complex landscape where cutting-edge advancements contend with pressing issues of accessibility, affordability, and healthcare system economics. Dr. Paul Rischbieter is a medical authority specialising in healthcare, diagnostic, and interventional radiology. Rischbieter is the chairperson for Africa Health Congress’ upcoming Radiology and Imaging conference, where he and other radiology experts will engage in an in-depth exploration of the most critical topics in the field. The conference is scheduled for Cape Town in October....

30Jul

By Africa BusinessNo Comments

African News, Main, Nigeria News

United for Wildlife strengthens fight against the illegal wildlife trade by adding a West Africa Chapter to its global network

United for Wildlife, founded by The Royal Foundation of the Prince and Princess of Wales, convened leading figures from the private, public, and not-for-profit sectors from across West and Central Africa to develop a regional network to combat the illegal wildlife trade in the regions. Lagos, Nigeria: United for Wildlife has established landmark agreements with one of Nigeria’s leading law enforcement agencies as well as the Nigerian Financial Intelligence Unit, as part of the organisation’s work to build a regional network to combat the illegal wildlife trade in West Africa. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and United for Wildlife are committing to work together on a number of fronts; developing training and education in the region in relati...

25Jul

By Africa BusinessNo Comments

African News

Oppenheimers’ South African Future Trust awards R3 million to SA’s top entrepreneurs

2024 SAFT Summit Announced for 24 and 25 October Six of the country’s most exciting entrepreneurial ventures have been recognised at the 2024 South African Future Trust Awards, with each category winner receiving a grand prize valued at R500 000. The South African Future Trust (SAFT) Awards are a launchpad for innovative ideas, offer recognition for the tough entrepreneurial grind and celebrate the power of entrepreneurship to change lives in South Africa’s challenging economy. Each winner’s prize consists of a cash injection of R250 000 and an individually tailored support package of R250 000. The founders of proactive healthcare platform Engage Mx were the winners in the ‘Tech Entrepreneur’ category. Engage Mx is an intelligent platform that recalls patients to their doctor for screen...