The volume of global cashless transactions is set to grow by more than 80% between 2020 and 2025 according to the Payments 2025 & Beyond Report by PWC. In recent years, individuals and businesses alike have adopted digital payments reshaping the entire payments infrastructure.

“Organizations are increasingly going cashless; from global businesses such as airlines to local restaurants, or instagram businesses and schools,” remarked Faith Nkatha, Country Manager, Cellulant Kenya at a UBA Kenya and Cellulant...

MTN Nigeria and Mafab Communications will start the rollout of 5G technologies on August 24. This was announced  by the Nigerian Communications Commission (NCC) while issuing final letters of license awards to the two operators, which won the Fifth Generation (5G) Spectrum Licences auction.   

According to the NCC, with the issuance of the final letters, MTN Nigeria and Mafab communications are expected to accelerate the deployment of the 5G, which will “usher Nigeria into a more robust Fourth Industrial Revolution (4IR) and a...

The African Securities Exchanges Association (ASEA) is inching closer towards integrating the African capital markets by facilitating cross-border trading and free movement of investments in the continent.

The African Exchanges Linkage Project (AELP), a flagship project of ASEA and the African Development Bank (AfDB), is aimed at facilitating cross-border trading among seven participating Exchanges and select broker firms. In July 2021, ASEA signed a contract with DirectFN Ltd for the design and...

TradeDepot, a B2B eCommerce and embedded finance platform in Africa, has appointed former Coca Cola HBC and Hayat Kimya Nigeria Executive, Chidi Akubuiro as its Managing Director for West Africa.

Akubuiro will lead further expansion of TradeDepot’s services across more key cities in Nigeria and Ghana and drive growth across English-speaking West Africa. Akubuiro comes into the role with extensive experience in the FMCG sector, having spent over a decade leading and delivering commercial...

The Capital Markets Authority (CMA) has issued licenses to African Alliance Kenya Asset Managers Limited, CPF Financial Services Limited and Kuza Asset Managers Limited to operate as fund managers in the capital markets.

A fund manager is a manager of a collective investment scheme (such as a unit trust), registered venture capital company or an investment adviser who manages a portfolio of securities more than an amount prescribed by the Authority from time to time. While issuing the approval, the Authority...

Fidelity Bank Ghana has appointed Atta Yeboah Gyan as the Deputy Managing Director in charge of Operations and Support functions.

Atta Gyan is a hands-on executive and ascends to this new role with a wealth of experience in several aspects of banking, including Finance, Corporate Strategy, Risk Management, Operations, Audit and Control, and Regulatory Compliance. He has played various roles in the banking sector for over twenty years, fifteen of which have been spent at Fidelity Bank...

In response to economic challenges created by the global pandemic and the Russia-Ukraine conflict, Africa Finance Corporation (AFC) is launching a US$2billion facility to support recovery and resilience in Africa.

AFC has committed to funding up to 50% of the new African Economic Resilience Facility and mobilising the remainder through the Corporation’s network of international partners and investors. The facility will be announced at the AFC Live Infrastructure Solutions Summit. The facility will be...

The European Bank for Reconstruction and Development (EBRD) and Bank of Africa (BOA) signed a technical cooperation agreement to develop a green sustainable finance framework to support Morocco’s financial system and the country’s transition to a green economy.

Morocco has a fairly well developed legal and regulatory framework and infrastructure for capital markets. However, the Covid-19 pandemic has posed new social and economic challenges that can be addressed with new capital market...

African Export-Import Bank (Afreximbank) has announced the appointment of Ms. Marlene Ngoyi as the Chief Executive Officer of the Fund for Export-Development in Africa (FEDA), the Bank’s development-oriented subsidiary. Mr. Emmanuel Assiak has been appointed Chief Investment Officer.

Ms. Ngoyi, who hails from the Democratic Republic of Congo (DRC), has over 17 years of experience. She has worked with social enterprises, private companies, public-private partnerships, and governments across Africa to raise multi...

As part of the One CGIAR reform, the Global Science Group on Genetic Innovation will implement a crop breeding and seed systems project for key crops including groundnut, sorghum and millet, across western and eastern African countries.

The International Maize and Wheat Improvement Center (CIMMYT), a player in innovative partnerships, breeding and agronomic science for sustainable agri-food systems, will lead the project. The Accelerated Varietal Improvement and Seed Delivery of Legumes and Cereals in Africa (AVISA) project...

The African Petroleum Producers Organization (APPO), the Government of the Republic of Angola, and AME Trade will be hosting the 8th African Petroleum Congress and Exhibition (CAPE VIII) will take place from 16th-19th May, in Luanda, Republic of Angola.

This event will feature a high-level strategic three-day conference, B2B trade exhibition, technical and touristic site visits, awards and essay competitions. Don't miss the most influential #Oil & #Gas event in #Africa! If you cannot travel to #Angola for #CAPE VIII, you can attend the event...

Unicaf is an online and blended learning higher education platform that is dedicated to making higher education of international standard accessible, by offering scholarship opportunities to professionals and young school leavers.

What are scholarship opportunities?

A scholarship could be defined as financial aid that relieves the burden of tuition fees and living costs that students and families have to pay to secure a place in secondary and tertiary education. Considering the rising costs of student expenses and debts, we could nowadays describe education...

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...

Jeannette Karemera is the CEO of Inuma Technology, a company in Rwanda that builds new generations of products that are unique, smart and radically helpful.

Could you please tell us more about Inuma Technology?

You will be surprised to hear that Inuma Technology is a faith-based enterprise. My cofounder Dr. David Ndayishimiye, and I have known each other for 14 years. We shared faith, friendship and later decided to build a profitable venture that would change the narrative that faith obliges people to be...

As South Africa experienced Stage 4 load-shedding last week, state-owned utility Eskom announced plans to issue a request for proposals (RFP) for the supply of gas to the Ankerlig and Gourikwa open-cycle gas turbine (OCGT) power stations in the Western Cape province.

The power stations, which generate electricity from diesel, currently operate during peak periods and for emergency purposes only. South Africa has experienced load-shedding since 2008, whereby electricity supply is deliberately...

Globally, businesses lose an estimated $1 trillion a year to cybercrime. Whether it's ransomware attacks, phishing scams, cryptojacking or malware, cybersecurity threats are on the rise as the world tends to become a "global village."

As African businesses grow in number and scope, the importance of cybersecurity in Africa needs to be reiterated. More and more Africans are going online, increasing the continent's contribution to the global economy. Everyone, from businesses to governments to individuals, must learn to...

At the heart of a nation’s prosperity is prudent public financial management, and this begins with a well-planned and balanced budget. 

Besides funding essential services such as health, security, education and general administration, the national budget makes a fundamental decision on the level of resources that the government will take from its citizens to finance itself. Therefore, governments must allocate resources judiciously, whilst bearing in mind a country’s economic performance...

Employee engagement is a key driver of the overall performance of a business. Positioned as a Leader for the sixth consecutive year by Gartner in its February 2022 Magic Quadrant for Outsourced Digital Workplace Services (ODWS), our goal is to create a revolutionary new intersection between technology, people, and things.

Enabling every employee wherever they may be based, to benefit from a personalized way of working underpinned by innovative and holistic engaged employee experience technologies. Performance, not productivity is key to a...

In today's hyperconnected world, a bad shopping experience can drive a potential consumer to a competitor. While product and pricing used to be sufficient to separate a business from its competitors, this is no longer the case.

Today's consumers place a premium on speed, convenience, and professional and friendly service. According to a 2018 PwC survey, consumers are willing to pay a premium for an amazing customer experience, and disgruntled customers are much more inclined to transfer their business elsewhere...

Given the economic situation spreading across the globe in the last couple of years, it is with some optimism we can take the modest increase in Nigeria’s GDP. Though losing on some fronts, such as oil and gas productivity, it is encouraging to see winning numbers in other sectors.

Telecom and tech startup space for example. MTN and Airtel have thrived in a big way, the former growing its shareholder base and the latter’s profits soaring beyond all expectation. Airtel Nigeria did however make a statement on how the...

Kenya’s leading telco Safaricom has been all over the news this week. The company announced that will commercially launch its operations in Ethiopia within the year. The company made this announcement while announcing its Full Year 2021/2022 results on Thursday.

In March, the telco announced that its mobile money service M-Pesa had crossed 30 million customers using the service every month in Kenya. At the same time, the service marked 15 years since Safaricom and Vodafone launched it in March...

The recent entry of the Democratic Republic of Congo to the East African Community has heralded a new economic dispensation expanding the regional market, deepening integration and increasing trade and investment opportunities for the citizens.

Already Kenya and DR Congo have signed a bilateral agreement on cooperation in agriculture, livestock and fisheries sectors. The objectives of the agreement include promoting increased agricultural productivity in Kenya and...