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Dubai-based prominent African entrepreneur and philanthropist, Mahmood Ahmadu, conferred the Forbes ‘Best of Africa’ Award

14Sep

By Neha KaulNo Comments

Dubai-based prominent African entrepreneur and philanthropist, Mahmood Ahmadu, conferred the Forbes ‘Best of Africa’ Award

The founder and executive chairman of Online Integrated Solutions is one of three leading African business luminaries to receive the prestigious recognition In a virtual ceremony held on September 11th 2020, Mr. Mahmood Ahmadu – founder of Africa’s leading multi-business IT conglomerate – was one of three celebrated business leaders to be presented the Forbes Best of Africa Award for 2020. Mr. Ahmadu received the Award in recognition of the several philanthropic activities he has led and contributed to – in a personal capacity as well as through corporate social responsibility initiatives. The ceremony was part of an online roundtable supported by the World Philanthropy Network, and will feature a keynote address by former Nigerian President, His Excellency Olusegun Obasanjo. Forbes Custom...

Illumina collaborates with 54gene in the creation of a world-class genomics facility in Nigeria

3Sep

By Africa BusinessNo Comments

Medicine, Nigeria News, Science

Illumina collaborates with 54gene in the creation of a world-class genomics facility in Nigeria

Partnership will expand 54gene’s sequencing-based research and molecular diagnostics capabilities with a focus on improving health outcomes through precision medicine 03 September, 2020, Illumina, Inc. (NASDAQ: ILMN) today announced a collaboration with 54gene, a health technology company whose mission is to advance precision medicine capabilities in Africa through research, advanced molecular diagnostics and clinical programs. The partnership will support the establishment of a new genetics facility in Lagos, Nigeria, equipped with a suite of Illumina's cutting-edge sequencing and high-density microarray technology platforms, which will generate genetic information for health research and drug development. Africa contains more genetic diversity than any other continent because the Afri...

Sidney and Bernice Clyman – African Art collection

27Jul

By Shahina ParvinNo Comments

Art, Democratic Republic of the Congo, Gabon News, Ghana News, Mali News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Republic of the Congo

Sidney and Bernice Clyman – African Art collection

There are many ways to collect ancient and historical pieces of art. One of the most famous ways to collect art pieces and show off your wealth is to go to an auction house. Auction houses not only have the most unique collection of items but it is also a place where an individual can feel the thrill of competing against others to purchase any item. Due to the progress of online activities auctions managed to make its way to the online market. Sotheby's is one of the largest and fourth oldest auction companies in the world. With the website “www.sothebys.com” anyone can have the experience of joining the online auction hosted by Sotheby's and browse through their exciting collection of art pieces. On 30 June 2020 9:30 AM EDT African Art from the collection of Sidney and Bernice Clyman was...

How Fintech can help secure the world from the economic impact of viral pandemics

3Jun

By Mahmood AhmaduNo Comments

Fintech, Interview, Main, Nigeria News

How Fintech can help secure the world from the economic impact of viral pandemics

The coronavirus pandemic continues to turn the world and our lives upside down, with the outbreak forcing governments to put into place measures that reduce the risk of contamination, and focus on pre-emptive processes. The strain on the economy is palpable, and is an impending catastrophe that could exceed the crash of 2008, and the Great Depression a century ago, if left unchecked. Besides asking people to practice social distancing and enforcing lockdowns to avoid the spread of the contagion, governments have another source of contamination they need to worry about: banknotes. The latest Fintech innovations can help mitigate the risk of transmission of the virus, by reducing the need to use physical money. Viruses and pathogens are known to live on surfaces for up to 48 hours. Some res...

How fintechs are making Africa a leading global Innovation Hub

24Jan

By Josephine WawiraNo Comments

Fintech, Kenya News, Main, Nigeria News, South Africa News

How fintechs are making Africa a leading global Innovation Hub

In a continent where over 60% of the adult population is unbanked and the financial sector is considerably underdeveloped, fintech has been a welcomed revolution that is seen to be boosting Africa’s financial infrastructure. With a growing population, an increasing rate of mobile and internet penetration, combined with a substantial need for financial inclusion, Africa is fecund ground for the growth of fintechs and tech giants. There exist endless possibilities, as entrepreneurs seek to use technological advancements to create a range of more reliable and customer friendly solutions to real-world problems. A sizeable number of fintech startups in the continent are closing existing gaps in various industries including healthcare, agriculture, transportation, e-commerce, and mobile money se...

Lagos Must Address Pollution in Order to Thrive

18Jan

By Janice ThompsonNo Comments

Nigeria News

Lagos Must Address Pollution in Order to Thrive

Africa is modernizing faster than anyone could have ever imagined. African life expectancy has increased an astonishing eight years in the last decade, mostly due to technological leaps in medicine and health services. Africa’s largest city, Lagos, is attracting international resources, and has become a destination for venture capital, due to the success of companies like Andela software, Vconnect and Sliide AirTime that are headquartered there. Progress is storming African consciousness. From Dakar to Nairobi, and Accra to Cape Town there is an investment and free market fever on the once Dark Continent that is now beaming with light. But along with all of this growth and technology has also come problems with urban swelling and pollution. African cities, like Lagos, are struggling m...

20May

By Baker McKenzieNo Comments

Main, South Africa News

Seven Things to Consider When Transacting in Africa

By Morne van der Merwe, Managing Partner, and Wildu du Plessis, Head of Africa at global law firm Baker McKenzie in Johannesburg Ahead of the Baker McKenzie African Transactional Summit taking place in Johannesburg in May 2019, Baker McKenzie lawyers based in Africa, alongside the Firm’s global Africa specialists, as well as lawyers from our African Relationship Firms from across the continent, share their knowledge about what investors should consider when transacting in Africa. Accept the uncertainty and gather knowledge Investors in Africa must consider geo-political and economic uncertainty on the continent as well as a plethora of country and region-specific governance, compliance and regulatory challenges when investing in the region. They must also contend with a critical lac...

Egypt heads the Africa hotel development top ten

9May

By Africa BusinessNo Comments

Africa Travel, Egypt News

Egypt heads the Africa hotel development top ten

With more than 15,000 rooms in the pipeline The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11th annual survey by W Hospitality Group, acknowledged as the industry’s most authoritative source. The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels. A total of 75,155 branded rooms in 401 hotels are in development across the whole of Africa – a net increase (ignoring recent openings and taking in to account deals that have not come to fruition) of almost 11,000 rooms in the pipeline, 17% up on 2018. W Hospitality Group’s Hotel Chain Development Pipelines in Africa survey had a record 43 international and regional hotel contributors t...

9May

By ADEOLA ADEJOKUNNo Comments

Nigeria News

Downfall Of Money by Adeola Adejokun

“Oh God! Power outage again?” “I don't know what's wrong with PHCN these days, we have not been having power between 6 and 11pm for over a 2 months now.?” “I don't know why everything is going backwards in this country, even when I was growing up in the 80s, power supply wasn't bad like this.” “Daddy! Habba! That was like 30 years ago. Hope you're not exaggerating?” “Me? Exaggerating? Just give me 5 minutes, let me remove my shirt. Wait! Where's your laptop?” “At the dining sir?” “Charged?” “Yes.” “Your sister?” “At the backyard, plaiting her hair.” “What of your mum?” “Church.” “Your mum and Church. Which of the Churches?” “ The one at Airport road” “It's okay.” ...

10Apr

By Johan BurgerNo Comments

Business, Egypt News, Ghana News, Main, Nigeria News, Rwanda News, Tech, Uganda News

Friday@Noon on Financial Services in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The financial services industry in Africa has seen a lot of development throughout the past few years, as was the case in 2018. Mobile telephony has driven the US$300 million monthly transactions in Africa from 7.2 million new people (up 250% from 2012) using digital financial services and 45,000 new banking agents due to a financial inclusion project. Financial inclusion in Sub-Saharan Africa has increased from 23% in 2011 to 43% in 2017. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neigh...