Cellulant, a Pan-African payments company,  has teamed up with NALA, a Tanzania based fintech company, to power remittance payments from the United Kingdom and United States into Kenya, Uganda, Rwanda, Tanzania and Ghana.

Besides Official Direct Assistance (ODA), remittances make up the second-largest source of external resources for Sub-Saharan Africa. In 2019, approximately $48 billion was remitted in Africa, with Nigeria receiving roughly 50% of this...

Africa50, the pan-African infrastructure investment platform and its partners, announced the refinancing of the non-recourse project debt for the six Scatec solar power plants in Egypt totalling 380 MW megawatts in which Africa50 is a strategic investor, through the issuance of a 19-year $334.5 million non-recourse green project bond.

The refinancing will provide increased leverage, extended tenor, and reduced interest costs, creating value both for the shareholders of the infrastructure and the Egyptian Electricity Transmission Company (EETC), the state-owned utility...

Sequa Petroleum announced that Sungara has entered into an agreement with Sonangol to purchase a 10% participating interest in Angola's Block 15/06, 40% participating interest in Block 23 (with operatorship), and 35% participating interest in Block 27.

Sungara is jointly owned by three partners; NAMCOR, Petrolog and Sequa. Sungara is a new entity with a focus on Sub-Saharan African upstream oil and gas, combining world-class technical expertise with local capability and commitment...

Eden Life, Africa’s first home concierge services scheduling platform, has acquired Lynk, the former technology company connecting informal workers to job opportunities across Kenya.

The strategic acquisition, brokered by Enza Capital, sees Eden Life expand into Kenya and leverages Lynk’s successful platform that connected informal workers with end users through automated job matching and standardised processes. Launched in Nigeria in 2019 with a vision to connect busy professionals with concierge services, Eden Life offers its...

African B2B marketplace Kwely Inc.  finalized a $1 million seed funding round with a $700,000 injection of fresh capital led by WIC Capital with participation from Loftyinc Capital, Afropreneur Angels, Haskè Ventures and other angel investors.

According to the company, the money will be used to support Kwely’s marketing and distribution of more than 200 SKUs it represents exclusively, the launch of its B2B wholesale digital platform and the implementation and launch of its...

To support the construction of green buildings in South Africa, IFC announced a $42 million financing package for Business Partners, to help fund environmentally friendly industrial and retail sites for the use of small and medium-sized enterprises (SMEs).

Business Partners will use IFC's loan to finance the construction of certified green commercial buildings in South Africa and/or to renovate existing commercial buildings to make them more environmentally friendly, making them at...

Skaleet, an international fintech providing a next-generation Core Banking Platform (CBP), announced a partnership with Thunes, a global cross border payments provider, to offer an instant, global payment service to both B2B and B2C customers.

With Thunes, Skaleet is now able to offer a wide range of fast, competitive payment services that connect directly to its customers' accounts. Thunes is a simple instant payment platform that allows businesses to make payments in all...

Masdar, a renewable energy company, and Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding Group, announced the signing of two Memorandums of Understanding with Egyptian state-backed organizations to cooperate on the development of green hydrogen production plants in the Suez Canal Economic Zone and on the Mediterranean coast. 

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar said, “These agreements represent a vital step forward in the development of the green hydrogen economy for both the UAE and Egypt, and will play a significant role in our two nations...

iSON Xperiences, and financial recovery service provider, Credit Solutions Services (CSS), have partnered to bring tailormade business process outsourcing (BPO) solutions to Africa and across the globe.

Both companies are extensively experienced and skilled in developing and implementing new-age, innovative customer experience management solutions and credit management solutions, and will work to grow key markets of South Africa, Egypt, UK, the USA, India, and Europe. Pravin Kumar, Global...

TotalEnergies Marketing Tanzania Limited officially launched its new identity and the first solarized service station, TotalEnergies Samora service station which makes TotalEnergies the first and only Oil Marketing Company in Tanzania with solarized service stations.

The event was graced by the Minister of Energy, Honorable January Makamba; in the presence of TotalEnergies Marketing & Services Vice President of East and Central Africa, Mr. Aluko Olagoke; the French ambassador to Tanzania, his excellence...

In the first phase of its Noor II solar power project, Morocco has awarded the tender for 13 projects and launched the construction of seven out of the 14 total projects comprising the solar development plan.

Spearheaded by the Moroccan Agency for Solar Energy and the Ministry of Energy, Mines and Sustainable Development, the 400-MW solar megaproject comprises 14 lots spanning seven locations, including Sidi Bennour, Kelaa Sraghna, Taroudant, Bejaad, El Hajeb and Ain Beni Mathar. Project...

The Women Entrepreneurs Finance Initiative (We-Fi), announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria.

This fourth round of financing of $54.8 million will benefit almost 69,000 women entrepreneurs in developing economies with access to digital technology and finance. The funds will enable the Africa Digital Financial Inclusion Facility to design...

Mastercard announced the launch of an enhanced identity solution designed to improve the online shopping experience and tackle digital fraud in a new collaboration with Microsoft Corp.

Now more than ever, delivering a frictionless shopping experience is critical as retailers look to shift window shopping and price comparison visits to confirmed sales. And, while consumers enjoy the convenience of shopping online, fraudsters also seek to develop new methods to use these...

The Africa Trade Expo (TATE) presents direct access to African buyers whose main aim is to source the latest products, establish partnerships, and conclude import/export deals. TATE is an ongoing virtual trade show for African businesses to network, collaborate, and enter into partnerships with international manufacturers and exporters. Present your new opportunities, network, build relationships and grow your business in African markets...

Future Foods is a virtual meeting place for importers, F&B managers, retail category buyers, owner-operators, agents, and distributors from across Africa’s diverse and booming market to come to conferences, to network, meet exhibitors, source products, new ingredients, retail shelf-ready products, and the latest processing, packaging, and logistics solutions. Future Foods connects attendees exhibitors across the...

Dan Kwach is currently the Managing Director - East Africa Region at Africa Data Centres. His role is to lead, direct and execute the sales strategy for the Africa Data Centres' business in the East Africa region.

He's responsible for directing the business to achieve maximum return on invested capital, as well as for all sales operations in compliance with goals, policies and objectives established by the Chief Executive Officer and the Board of Directors. He is also tasked with driving financial growth...

When it comes to adopting a Zero Trust approach, many organisations in the financial services sector already have most of the constituent parts required.

In fact, we estimate organisations already have between 60% - 80% of the security building blocks that banking and financial services organisations need to adopt a Zero Trust approach. But moving from existing approaches to a new security model is a challenge. What needs to come next is a change of stance, and a unification process to protect their...

The COVID-19 pandemic has disrupted many economic sectors and allowed a number of them to accelerate their hitherto slow adoption of information technology systems for efficient service delivery.

One of the showcase emerging sectors remains the education industry. This sector is now thriving with the adoption and use of Information and Communication Technologies (ICTs) in education systems, popularly known as "EdTech". Global bodies such as the World Bank Group have stepped up...

During the last decade, rapid digitisation has revolutionised the financial industry globally, through the advent of innovative services such as mobile banking apps or seamless transfer options.

Driving this trend in low-and-middle-income countries, where over a billion people remain unbanked, mobile money has helped millions of unbanked people access financial services for the first time, tackling over-reliance on cash. Expanding from 134 million accounts back in 2012 to 1.35 billion last...

Over the past two years, almost every industry has experienced rapid digitisation. The speed of transformation has been so significant that one-time market leaders were suddenly left scrambling to catch up with trends, or modernise their internal operations and systems, to meet customer demands.

Traditional methods of developing consumer and internal applications take time and usually demand extensive developer resources. In a world where businesses need to be agile to stay competitive while budgets are constrained, that...

Inflation is today an occurrence all over the world. Countries like Nigeria are particularly hit hard, as there were preexisting conditions that made things much worse, such as fuel scarcity and a dysfunctional supply chain system. 

Airfares keep climbing with no indication of even flattening the curve and road transport fares across the country show an striking increase over the past one year. As transportation affects virtually every aspect of an economy, food production becomes an immediate concern. The AfDB estimates that...