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Further Africa

A positive African narrative
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On the 1st of March, South Africa based cryptocurrency exchange, VALR announced their $50M series B raise at a $240M valuation led by Pantera Capital. On that same day, Africa’s leading mobile operator MTN announced their purchase of 144 plots of virtual land in Africarare - the first African virtual reality metaverse featuring digital land. MTN is therefore the first African company in the metaverse. #africa #AfricaKINGS #Africa’semergingCryptoEconomy #BankofGhana #CBDC #CBN Tanzania, Kenya, Bank Of Ghana, African Companies, Banking Industry, African Countries, Plots, Virtual Reality, Cryptocurrency
On the 1st of March, South Africa based cryptocurrency exchange, VALR announced their $50M series B raise at a $240M valuation led by Pantera Capital. On that same day, Africa’s leading mobile operator MTN announced their purchase of 144 plots of virtual land in Africarare - the first African virtual reality metaverse featuring digital land. MTN is therefore the first African company in the metaverse. #africa #AfricaKINGS #Africa’semergingCryptoEconomy #BankofGhana #CBDC #CBN
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Senegal is aiming to boost the availability of biofuels for SMEs active in sub-Saharan Africa’s agro-industry sector, following the launch of its BioStar project earlier this year. The goal of the project is to expand energy access in rural areas by generating energy from residual biomass produced by agribusiness companies. The project involves financing in excess of $12.7 million (7.2 #Agroindustry #Biofuels #biomassenergy #Energy #GuineaConakry #GuineaBissau #ISRA #Mauritania #MSGBC Types Of Renewable Energy, Renewable Energy Projects, Industry Sectors, Gas Industry, Guinea Conakry, Biomass Energy, Sub-saharan African, West African Countries
Senegal is aiming to boost the availability of biofuels for SMEs active in sub-Saharan Africa’s agro-industry sector, following the launch of its BioStar project earlier this year. The goal of the project is to expand energy access in rural areas by generating energy from residual biomass produced by agribusiness companies. The project involves financing in excess of $12.7 million (7.2 #Agroindustry #Biofuels #biomassenergy #Energy #GuineaConakry #GuineaBissau #ISRA #Mauritania #MSGBC
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El Salvador’s adoption of Bitcoin as a legal tender has spurred many debates and discussions on the potential financial ramifications. But it seems like Zimbabwe is not planning to follow in the footsteps of the central American country any time soon., despite the recent reports claiming otherwise. CBDCs Yes, But No Bitcoin While denying the previous report, the government has stated that the Zimbabwe dollar (ZW$) #Bitcoin #Blockchain #Crypto #Cryptocurrency #Economy #Feature #Finance Legal Tender, Central American, Bitcoin Cryptocurrency, American Country, Zimbabwe, Minister, Blockchain, Dubai, Government
El Salvador’s adoption of Bitcoin as a legal tender has spurred many debates and discussions on the potential financial ramifications. But it seems like Zimbabwe is not planning to follow in the footsteps of the central American country any time soon., despite the recent reports claiming otherwise. CBDCs Yes, But No Bitcoin While denying the previous report, the government has stated that the Zimbabwe dollar (ZW$) #Bitcoin #Blockchain #Crypto #Cryptocurrency #Economy #Feature #Finance
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The President of the Republic, Filipe Jacinto Nyusi, in the use of the powers conferred on him by subparagraph a) of paragraph 2 of article 160 of the Constitution of the Mozambican Republic, combined with subparagraph d) of article 34 of the Law number 18/2019 of 24 September, has relieved Cristóvão Artur Chume of the position of Commander of the Army Branch In a separate Presidential Order, the Mozambican Head of #ArséniaFelicidadeFélixMassingue #CristóvãoArturChume Army Branches, Constantino, Number 18, 24 September, Head Of State, Paragraph, The Republic, Constitution
The President of the Republic, Filipe Jacinto Nyusi, in the use of the powers conferred on him by subparagraph a) of paragraph 2 of article 160 of the Constitution of the Mozambican Republic, combined with subparagraph d) of article 34 of the Law number 18/2019 of 24 September, has relieved Cristóvão Artur Chume of the position of Commander of the Army Branch In a separate Presidential Order, the Mozambican Head of #ArséniaFelicidadeFélixMassingue #CristóvãoArturChume
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South Africa’s rand strengthened after the Treasury vowed to return state finances to a sustainable path and hold off expanding welfare measures in one of the world’s most unequal societies. Investing professionals cautiously welcomed the first budget presided over by Finance Minister Enoch Godongwana, though many noted that nothing significant has changed. #Currency #Economy #Finance #Rand #RandgainsasinvestorsdisplaycautiousoptimismoverSouthAfricaslatestbudget #SouthAfrica Aide Renovation, Growing Your Business, Starting A Business, Aide Financiere, Finance Degree, Consumer Price Index, Government Debt, Financial Strategies
South Africa’s rand strengthened after the Treasury vowed to return state finances to a sustainable path and hold off expanding welfare measures in one of the world’s most unequal societies. Investing professionals cautiously welcomed the first budget presided over by Finance Minister Enoch Godongwana, though many noted that nothing significant has changed. #Currency #Economy #Finance #Rand #RandgainsasinvestorsdisplaycautiousoptimismoverSouthAfricaslatestbudget #SouthAfrica
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As part of the modernization of cash management, the National Bank of Angola stated earlier this year that it would invest 32.7 billion kwanzas (US$57.3 million) to create a New BNA cash Centre in Angola in the Luanda Bengo Special Economic Zone (ZEE). Following the announcement of a public procurement with a restricted call for tenders via the previous qualifying in February of this year, the contract was awarded #Angola #BancoNacionaldeAngola #BNA #LuandaBengoSpecialEconomicZone Construction Business, Construction Company, Cash Management, Commercial Bank, The Agency, Stock Exchange, Foreign Policy, The Province
As part of the modernization of cash management, the National Bank of Angola stated earlier this year that it would invest 32.7 billion kwanzas (US$57.3 million) to create a New BNA cash Centre in Angola in the Luanda Bengo Special Economic Zone (ZEE). Following the announcement of a public procurement with a restricted call for tenders via the previous qualifying in February of this year, the contract was awarded #Angola #BancoNacionaldeAngola #BNA #LuandaBengoSpecialEconomicZone
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The Mozambican Government assured yesterday that it has fulfilled all the requirements internationally required for the export of diamonds, showing confidence in the country's admission to the group of States that sell and export this type of gemstone. "What Mozambique has done was to take the 2016 report where all the recommendations and compliances came from, and Mozambique fully complied with all such #diamond #diamondexport #ErnestoMaxTonela #Feature #KimberleyProcess International Market, Voga, Decree, Types Of Gemstones, Compliance, Mozambique, Certified Diamond, Kimberley, Export
The Mozambican Government assured yesterday that it has fulfilled all the requirements internationally required for the export of diamonds, showing confidence in the country's admission to the group of States that sell and export this type of gemstone. "What Mozambique has done was to take the 2016 report where all the recommendations and compliances came from, and Mozambique fully complied with all such #diamond #diamondexport #ErnestoMaxTonela #Feature #KimberleyProcess
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Africa’s natural gas resources have the potential to accelerate socio-economic growth and eradicate energy poverty. Accordingly, many nations are seeking enhanced investment in order to maximize and monetize resources. As the continent’s premier energy event, African Energy Week (AEW) 2021, aims to build on this momentum, promoting innovative strategies to monetization, addressing challenges hindering development, #africa #AfricanEnergyWeek #EnergyMix #energysecurity #energytransition Innovation Strategy, Monetize, Momentum, Addressing, Poverty, Continents, Potential, Gas, Strategies
Africa’s natural gas resources have the potential to accelerate socio-economic growth and eradicate energy poverty. Accordingly, many nations are seeking enhanced investment in order to maximize and monetize resources. As the continent’s premier energy event, African Energy Week (AEW) 2021, aims to build on this momentum, promoting innovative strategies to monetization, addressing challenges hindering development, #africa #AfricanEnergyWeek #EnergyMix #energysecurity #energytransition
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Angola's state oil company Sonangol and the Italian ENI's gas exploration project in Mozambique were two of the winners of the awards given at the African Energy Week, taking place in Cape Town. "National oil companies (NOC) have and continue to play a fundamental role in reducing energy poverty while ensuring pro-business investment environments, energy security, and leadership within the hydrocarbons sector, #AfricanEnergyChamber #AfricanEnergyWeek #AfricanEnergyWeek2021 #Angola Oil Companies, Reduce Energy, Business Investment, Angola, Cape Town, Leadership, Role
Angola's state oil company Sonangol and the Italian ENI's gas exploration project in Mozambique were two of the winners of the awards given at the African Energy Week, taking place in Cape Town. "National oil companies (NOC) have and continue to play a fundamental role in reducing energy poverty while ensuring pro-business investment environments, energy security, and leadership within the hydrocarbons sector, #AfricanEnergyChamber #AfricanEnergyWeek #AfricanEnergyWeek2021 #Angola
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World Bank's Vice President for Southern Africa, Hafez Ghanem, announced yesterday that the organisation will finance projects in Angola worth US$1.5 billion until June, following an official visit to the country. "We discussed with the Angolan Government an investment in agriculture, which creates jobs and increases food security, the development of rural areas; we debated the importance of value chains, #Angola #DevelopmentFinanceInstitution #DFI #Feature #Finance #HafezGhanem #IFC World Bank Report, Bank Lending, Loan Money, Ponzi Scheme, American Business, Business Innovation, Global Economy, Us Presidents
World Bank's Vice President for Southern Africa, Hafez Ghanem, announced yesterday that the organisation will finance projects in Angola worth US$1.5 billion until June, following an official visit to the country. "We discussed with the Angolan Government an investment in agriculture, which creates jobs and increases food security, the development of rural areas; we debated the importance of value chains, #Angola #DevelopmentFinanceInstitution #DFI #Feature #Finance #HafezGhanem #IFC
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Meta (Facebook's newly established parent company) announced the launch of Facebook Business Coach, an innovative and easy-to-use tool for SMB owners in South Africa, Nigeria, Kenya, and other English-speaking countries to learn more about how to expand their business online with Facebook, Instagram, and WhatsApp. The Facebook Business Coach, which is available on WhatsApp, is a free-to-use, low-cost educational #africa #AfricanSMEs #FacebookBusinessCoach #MarkZuckerberg #Meta Facebook Business, Online Business, Parent Company, Smb, Used Tools, Facebook Instagram, Coaching Business, Nigeria, Expand
Meta (Facebook's newly established parent company) announced the launch of Facebook Business Coach, an innovative and easy-to-use tool for SMB owners in South Africa, Nigeria, Kenya, and other English-speaking countries to learn more about how to expand their business online with Facebook, Instagram, and WhatsApp. The Facebook Business Coach, which is available on WhatsApp, is a free-to-use, low-cost educational #africa #AfricanSMEs #FacebookBusinessCoach #MarkZuckerberg #Meta
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Africa is in the midst of a fintech transformation. Millions of Africans are now connected to financial services as a result of hundreds of start-ups. However, with the right mix of innovation and partnerships, Africa’s established commercial banks can gain an edge in the continent’s digital finance revolution. The latest report in CR2’s Market Insight series discusses how Africa represents a massive market that is #africa #africanbankingsector #Africanfintech #africanfintechs Horn Of Africa, Financial Inclusion, Monetary Policy, Digital Wallet, Demographics, Private Equity, One Dollar, Somalia
Africa is in the midst of a fintech transformation. Millions of Africans are now connected to financial services as a result of hundreds of start-ups. However, with the right mix of innovation and partnerships, Africa’s established commercial banks can gain an edge in the continent’s digital finance revolution. The latest report in CR2’s Market Insight series discusses how Africa represents a massive market that is #africa #africanbankingsector #Africanfintech #africanfintechs
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Nigeria has for years dominated the investment space in Oil and Gas in Africa. For decades it has emerged as the only country in Africa that is at the forefront of attracting the biggest players in the sector and steering forward project developments across the Value chain. With the Covid 19 pandemic bringing to a halt many business opportunities and frozen investment in most parts of the world, Nigeria was largely #Energy #energyinvestment #Infrastructure #Investing #Nigeria Global Population Growth, Risk Aversion, Merchant Bank, Federal Tax, Bridge Loan, Limited Liability Company, Government Bonds, Venture Capitalist, Economic Activity
Nigeria has for years dominated the investment space in Oil and Gas in Africa. For decades it has emerged as the only country in Africa that is at the forefront of attracting the biggest players in the sector and steering forward project developments across the Value chain. With the Covid 19 pandemic bringing to a halt many business opportunities and frozen investment in most parts of the world, Nigeria was largely #Energy #energyinvestment #Infrastructure #Investing #Nigeria
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South African Airways (SAA) has been South Africa’s flag carrier since the 1930s. Over its nearly 90 years of history, the airline has grown from a small domestic carrier to a respected international full-service carrier operating some of aviation’s largest jets. After coming back from the edge of bankruptcy, the airline is looking to rebuild and launch itself from a position of stability. #airtravel #Aviation #BackfromthebrinkthesuccessstoryofSouthAfricanAirwaysrecovery #SouthAfrica Team Lead, A Team, South Africa Airways, African National Congress, Lusaka, National Airlines, Maputo, Private Sector, Air Travel
South African Airways (SAA) has been South Africa’s flag carrier since the 1930s. Over its nearly 90 years of history, the airline has grown from a small domestic carrier to a respected international full-service carrier operating some of aviation’s largest jets. After coming back from the edge of bankruptcy, the airline is looking to rebuild and launch itself from a position of stability. #airtravel #Aviation #BackfromthebrinkthesuccessstoryofSouthAfricanAirwaysrecovery #SouthAfrica
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The Community of the Portuguese-Speaking Countries (CPLP) pledged to bring into operation the mobility agreement as soon as possible. The intention was expressed on Monday by its Executive Secretary, Zacarias da Costa, who is in Cabo Verde attending the Inauguration of the elected President, José Maria Neves, on Tuesday. The official told the press that under the statutes of the organisation deposit of instruments #Angola #CaboVerde #CapeVerde #CommunityofPortugueseSpeakingCountries Macau China, Goa India, Sri Lanka, Cape Verdean, Portuguese Language, Community, Country
The Community of the Portuguese-Speaking Countries (CPLP) pledged to bring into operation the mobility agreement as soon as possible. The intention was expressed on Monday by its Executive Secretary, Zacarias da Costa, who is in Cabo Verde attending the Inauguration of the elected President, José Maria Neves, on Tuesday. The official told the press that under the statutes of the organisation deposit of instruments #Angola #CaboVerde #CapeVerde #CommunityofPortugueseSpeakingCountries
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Australian graphite developer Triton Minerals has entered into a binding agreement to supply graphite concentrate from its Ancuabe project in Mozambique to China’s Yichang Xincheng Graphite (YXGC). The offtake agreement is for up to 10,000 t/yr of flake graphite concentrate from the project’s commercial pilot plant over five years at a minimum price of $1,000/t, with an option to renew for 50,000t over a further #AncuabeGraphiteProject Commercial Pilot, Mining Company, Infrastructure, The Expanse, Graphite, Triton, In This Moment
Australian graphite developer Triton Minerals has entered into a binding agreement to supply graphite concentrate from its Ancuabe project in Mozambique to China’s Yichang Xincheng Graphite (YXGC). The offtake agreement is for up to 10,000 t/yr of flake graphite concentrate from the project’s commercial pilot plant over five years at a minimum price of $1,000/t, with an option to renew for 50,000t over a further #AncuabeGraphiteProject
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As Africa's economy recovers from the impact of the pandemic, how are ports keeping up? Not quickly enough — according to The Star's (Kenyan Newspaper) report "Africa's Ports: Rapid Transformation". The report points to the fact that the existing infrastructure at many ports is insufficient for current demand. At the same time, port congestion is a critical challenge for ports across the continent. #africa #AfricaeconomicrecoveryTheroleofdigitaltechinefficientportsandfreetrade Economic Development, Sustainable Development, Software Development, Financial Analysis, Financial Services, Mobile Network Operator
As Africa's economy recovers from the impact of the pandemic, how are ports keeping up? Not quickly enough — according to The Star's (Kenyan Newspaper) report "Africa's Ports: Rapid Transformation". The report points to the fact that the existing infrastructure at many ports is insufficient for current demand. At the same time, port congestion is a critical challenge for ports across the continent. #africa #AfricaeconomicrecoveryTheroleofdigitaltechinefficientportsandfreetrade
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UAE's DP World announced yesterday the launch of its global wholesale e-commerce platform DUBUY.com in Kenya. This latest expansion of DUBUY.com follows its successful launch in Rwanda earlier this year, where the platform has become a major gateway for trade in the East Africa region. DUBUY.com is an innovative online marketplace that will help unlock access to global markets for Kenyan businesses, with fulfilment #DPWorld #DPWorldlauncheseCommerceplatformDUBUYcominKenya #DuBuycom Logistics Network, Enterprise Development, African Market, Chief Operating Officer, Online Marketplace, Rwanda, Kenyan, East Africa
UAE's DP World announced yesterday the launch of its global wholesale e-commerce platform DUBUY.com in Kenya. This latest expansion of DUBUY.com follows its successful launch in Rwanda earlier this year, where the platform has become a major gateway for trade in the East Africa region. DUBUY.com is an innovative online marketplace that will help unlock access to global markets for Kenyan businesses, with fulfilment #DPWorld #DPWorldlauncheseCommerceplatformDUBUYcominKenya #DuBuycom
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Mergers and acquisitions worth US$52B were completed in South Africa during the first half of 2021, with the value of deals growing by 958% from 2020 with the tech sector in the lead according to Refinitiv Data that provides financial markets and infrastructure data1. According to Digest Africa, the value of mergers and acquisitions in the Africantech ecosystem in 2018 was US$504M with 24 out of the 39 deals taking #Africanstartups #EricOsiakwan #Feature #Finance #SouthAfrica Make More Money, Make Money From Home, Living Below Your Means, Digital Certificate, Initial Public Offering, Online Publications, King And Country, August 20
Mergers and acquisitions worth US$52B were completed in South Africa during the first half of 2021, with the value of deals growing by 958% from 2020 with the tech sector in the lead according to Refinitiv Data that provides financial markets and infrastructure data1. According to Digest Africa, the value of mergers and acquisitions in the Africantech ecosystem in 2018 was US$504M with 24 out of the 39 deals taking #Africanstartups #EricOsiakwan #Feature #Finance #SouthAfrica
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Authorities in Democratic Republic of Congo have seized $3.5 million worth of ivory, rhinoceros horn and pangolin scales in a joint operation with United States officials, the U.S. embassy in Kinshasa said on Monday. Two wildlife traffickers were also arrested in the United States on Nov. 4, following a more than two-year investigation between the two countries and global police agency Interpol. #animalconservation #DemocraticRepublicoftheCongo #DRCongo #DRCongoseizesUS$35Mofivory #DRC Wildlife Park, Wildlife Conservation, Shona Language, Rhino Poaching, Dr Congo, Kruger National Park, Drc, Raise Funds
Authorities in Democratic Republic of Congo have seized $3.5 million worth of ivory, rhinoceros horn and pangolin scales in a joint operation with United States officials, the U.S. embassy in Kinshasa said on Monday. Two wildlife traffickers were also arrested in the United States on Nov. 4, following a more than two-year investigation between the two countries and global police agency Interpol. #animalconservation #DemocraticRepublicoftheCongo #DRCongo #DRCongoseizesUS$35Mofivory #DRC
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Sweden has once again signalled its strong commitment to help some of the world’s poorest small-scale farmers to adapt to climate change, by pledging SEK100 million (nearly US$11.7 million) to the UN’s International Fund for Agricultural Development (IFAD). The announcement was made at the UN climate change conference (COP26) in Glasgow. The commitment, made through Sweden’s Ministry of Foreign Affairs, will direct #africa #ASAP+ #climate #climatechange #COP26 #IFAD Un Climate Change, Agricultural Development, Foreign Affairs, Pledge, Glasgow, Farmers, Ministry, Commitment, Conference
Sweden has once again signalled its strong commitment to help some of the world’s poorest small-scale farmers to adapt to climate change, by pledging SEK100 million (nearly US$11.7 million) to the UN’s International Fund for Agricultural Development (IFAD). The announcement was made at the UN climate change conference (COP26) in Glasgow. The commitment, made through Sweden’s Ministry of Foreign Affairs, will direct #africa #ASAP+ #climate #climatechange #COP26 #IFAD
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Kenya's Equity Group Holdings said on Monday it had launched a 500 billion shilling ($4.48 billion) loan programme to help small and medium-sized businesses to recover from the effects of the COVID-19 pandemic. The bank posted an 85% rise in nine-month pretax profit, sending its stock up more than 4% to 52.00 shillings per share at 0739 GMT. In March, James Mwangi, its chief executive officer, said Equity would #Banking #businessrecovery #Covid19 #EquityGroup #EquityGroupHoldings Debt Relief, Inbound, Capital Market, Social Impact, Equity, Forecast
Kenya's Equity Group Holdings said on Monday it had launched a 500 billion shilling ($4.48 billion) loan programme to help small and medium-sized businesses to recover from the effects of the COVID-19 pandemic. The bank posted an 85% rise in nine-month pretax profit, sending its stock up more than 4% to 52.00 shillings per share at 0739 GMT. In March, James Mwangi, its chief executive officer, said Equity would #Banking #businessrecovery #Covid19 #EquityGroup #EquityGroupHoldings
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The Mozambican finance minister, Adriano Maleiane, ruled out the possibility of having to restructure public debt due to the delays in natural gas exploration in Cabo Delgado, saying that "there are no reasons to anticipate this scenario". Speaking to Bloomberg, Minister Maleiane argued that "the macroeconomic assumptions that supported the renegotiations of debt securities with the creditors' committee remain #debt #debtrestructuring #Feature #Finance #FinanceMinisterAdrianoMaleiane Arguing, Delayed, Debt, Rules, Public, Positivity, Personal Care, Supportive
The Mozambican finance minister, Adriano Maleiane, ruled out the possibility of having to restructure public debt due to the delays in natural gas exploration in Cabo Delgado, saying that "there are no reasons to anticipate this scenario". Speaking to Bloomberg, Minister Maleiane argued that "the macroeconomic assumptions that supported the renegotiations of debt securities with the creditors' committee remain #debt #debtrestructuring #Feature #Finance #FinanceMinisterAdrianoMaleiane
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A new US$143 million investment programme will ensure millions of the most at-risk rural people living in the Sahel region of West Africa can adapt to climate change, with a wide-reaching plan to restore degraded land and provide climate information systems and agricultural insurance. The announcement was made at the UN climate change conference (COP26) during a signing ceremony of the grant agreement between the #africa #climate #climatechange #desertification #environment #GCF #GGW Gcf, New Uses, West Africa, Agreement, Restore, Grant, Resilience
A new US$143 million investment programme will ensure millions of the most at-risk rural people living in the Sahel region of West Africa can adapt to climate change, with a wide-reaching plan to restore degraded land and provide climate information systems and agricultural insurance. The announcement was made at the UN climate change conference (COP26) during a signing ceremony of the grant agreement between the #africa #climate #climatechange #desertification #environment #GCF #GGW
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The highly anticipated Africa Oil Week (AOW) 2021 that kicked off today at Madinat Jumeirah in UAE recorded a quite impressive response on its inaugural day with participation from over 1500 attendees from around the world. This event, which is expected to come to an end on 11th November brought together more than 30 heads of government departments from the African continent and the Middle East and high-level #africa #AfricaOilWeek Head Of Government, Attendee, Participation, High Level, Middle East, Uae, November, Kicks
The highly anticipated Africa Oil Week (AOW) 2021 that kicked off today at Madinat Jumeirah in UAE recorded a quite impressive response on its inaugural day with participation from over 1500 attendees from around the world. This event, which is expected to come to an end on 11th November brought together more than 30 heads of government departments from the African continent and the Middle East and high-level #africa #AfricaOilWeek
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