The opportunities for building a sustainable future for Africa are at least as great as the challenges, writes Christian Toben, Head of Financial Institutions for Emerging Markets at Commerzbank. Here, he discusses some of the positive initiatives that are helping to drive forward the continent’s ESG agenda and the crucial role of financial institutions in supporting Africa’s potential to step onto the global stage as a green energy hub.
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This month, Vestergaard marks the manufacturing of its one billionth PermaNet® long-lasting insecticidal nets (LLINs) and will convene two high-level meetings at the UNHQ around the United Nations General Assembly.
There’s no doubt that the South African property sector, like most industries, is currently facing some challenges. One major bank saw credit impairments rise 57% in the first half of 2023 – a result of the impact of higher interest rates, higher levels of inflation and record levels of load shedding. Another bank said its total net […]
Business
Business can unlock growth opportunities through enhanced data insights, advanced analytics and innovation – Experian Innovation Summit
Experian South Africa hosted its annual flagship conference on Thursday 14 September, bringing together industry guests and subject matter experts under one roof to share insights and trends that continue to shape the evolution of business and consumer behaviour.
While financial inclusion is growing in importance worldwide there is still a discrepancy between male and female financial inclusion – the so-called gender financial inclusion gap.
The global discourse’s broad-brush strokes must make room for the local reality’s fine detail.
In today’s digital landscape, businesses are facing an increasing threat of online fraud. As highlighted by Experian’s research report, senior decision-makers are now prioritizing investments to protect against fraud, with nearly 3 in 4 acknowledging its significance.
Fintech, Kenya News, Startups
AWS announces the 25 startups selected for its first ‘fintech in Africa’ accelerator
Cohort participants from Kenya, Nigeria , South Africa, Egypt, Ghana, Uganda, and Cameroon 25 African fintech startups have been selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort. This cohort was selected from over 500 applications and is part of the EMEA Startup Loft Accelerator (SLA) program run by AWS. The pre-seed […]
The study shows fraud remains a significant source of profit erosion for businesses trading online.
Startups
Africa’s and Kubik and Emata win Startup of the Year and Best Newcomer at their Global Startup Awards debut
On March 29, 2023, two early-stage African companies took first place in the finals of the world’s largest independent start-up competition. The rise of the African techpreneur on the global stage was evident in the announcement of the overall winners of the 2022 Global Startups Awards (GSA), considered the world’s gold standard for startups. The […]
Ashlin Perumall, Partner, Baker McKenzie Johannesburg In March 2023, the South African Reserve Bank (SARB) announced the launch of PayShap, a real-time rapid payment platform that is aimed at offering safer, faster and significantly more convenient payment options for South Africans. PayShap is the outcome of an industry-spanning collaboration, driven by BankservAfrica, the Payments Association […]
By Varda Berenstein Listen to any political speech in Europe and the West, and you’ll hear over and over again, repeated to the point of cliché: “Our children are the future.” Young people are held up as the great hope for social, cultural, political, and economic development. They will ‘save the planet’. Their energy and […]
Angola News, Ethiopia News, Ghana News, Kenya News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Senegal News, South Africa News, Startups, Zambia News
MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)
MultiChoice shortlists 11 start-ups to pitch for international funding and take their small businesses to the next level At a time when unemployment challenges and economic instability are high, small and medium-sized businesses (SMMEs) are proving to be the engines of economic growth and job creation throughout the African continent. In recognition of the critical […]
The music industry is always at the forefront of the latest trends, so it should be no surprise that NFTs have been embraced by many artists and fans already. If you’re an artist, you might have been thinking about creating NFTs for your fans, or it might not have crossed your mind. This article has […]
Africa Tech Summit has announced the final shortlist of ventures who will Pitch Live on stage to investors, corporate and media at the Africa Tech Summit in Nairobi from 15th to 16th February. More than 250 entries from 20+ African countries, including Kenya, Tanzania, Ghana, Zambia, Mali, South Africa, and Benin, were submitted. Pitch Live […]
Cybersecurity has become an increasingly important aspect for modern businesses and individuals alike. Cybercriminals are taking advantage of modern technology to stay ahead of security teams across organizations. This has led to a surge in attacks. Of course, the COVID-19 pandemic contributed greatly to this accelerated rise in cyber attacks, but the stage was already […]
Senegal News, Startups
11 Disruptive Startups Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator Program powered by Startupbootcamp Africa
Africa’s leading tech Accelerator, Startupbootcamp AfriTech (www.Startupbootcamp.org), together with founding partner and leading telecom giant, Telecel Group (https://TelecelGroup.com) have selected the participants of the much-coveted Accelerator Program, the Africa Startup Initiative Program (ASIP) (https://ASIProgram.com). The intrinsic value of startups in Africa lies in their ability to build fast and effective solutions to pressing challenges. Over the […]
Tech
Cybercriminals eye passwords and cloud vulnerabilities with a sharp rise in attacks expected in 2023
The cybercriminal is relentless, often sophisticated, and extremely persistent. In a constantly evolving threat landscape in which cloud adoption continues to grow and passwords are highly coveted by nefarious actors, attacks are expected to increase sharply in the coming year. However, this is being met with incredible advancement and innovation from the cybersecurity industry says Carey […]
By Yaron Tchwella, CEO of the Mitrelli Group The Roman author, Pliny the Elder, noted in antiquity: “There is always something new out of Africa”. And as we look forward, everything in and about Africa is fascinating. It is a continent renewing itself, developing, growing, and innovating – faster than any other. Africa’s population currently […]
South Africa News
Enhancing Connectivity Can Bolster Economic Diversification in South Africa, Offering Sustainable Growth and Benefits to All Citizens
Over the past 10 years, South Africa has been dealing with an economic and growing unemployment crisis that has placed the country in a dire situation. There is a growing need for economic development. However, in the past, the mining industry has been the major economic driver of a country that was once the biggest […]
Fintech
McKinsey & Company Predicts African Fintech Revenues Could Reach an Impressive $30 Billion by 2025
As the fastest-growing start-up industry in Africa, African fintech raised over US$1,3 billion in 2021 alone, the success of fintech companies is being fuelled by several trends, including increasing smartphone ownership, declining internet costs, expanded network coverage, and a young, fast-growing, and rapidly urbanizing population. [i] African fintech has a significant impact on day-to-day life […]
By Erick Pendo Bitcoin was the world’s first decentralized digital currency. It was created in 2008 and has since become a popular form of digital payment that allows both buyers and sellers to securely store “money”, and send and receive payments without the need for an intermediary bank or other financial institution. Bitcoin transactions are […]