Special

Facebook to open new office in Lagos, Nigeria

"All across Africa we’re seeing immense talent in the tech ecosystem, and I’m proud that with the upcoming opening of our new office, we’ll be building products for the future of Africa, and the rest of the world, with Africans at the helm. We look forward to contributing further to the African tech ecosystem.”

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Why Senegal’s President Macky Sall is right about African debt relief by NJ Ayuk

NJ Ayuk, founder of one of Africa’s most successful law chambers, supports the Senegalese leader's call on the G20 to help African countries balance their obligations to international creditors with their obligations to their own citizens in the face of the COVID-19 pandemic. He explains why debt relief is crucial to Africa's recovery from the economic fallout of the global health crisis

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African makes history as first elected member of Cologne’s City Council

  On Sunday 13 September, millions voters went to the polls in towns and cities across North Rhine-Westphalia, Germany’s most populous state, to vote for Lord Mayors, Mayors, Councillors and the Integration Councils. Many candidates of African origin participated at the elections. Results are now coming in. Dr John Emeka Akude, a Nigerian-born political scientist, was elected member of the …

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What East Africa teaches rest of continent about economic growth – SAP boss

  As Africa starts its recovery efforts against the immense challenges caused by the Covid-19 pandemic, Pedro Guerreiro, Managing Director for Central Africa at SAP – the global leader in enterprise software,  takes a closer look at the continued economic success story of the East African region and argues why it is an example for how the rest of the …

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Ecobank wins the Award for Innovation in Financial Services

The leading pan-African banking group Ecobank has won the Award for Innovation in Financial Services at the 2020 edition of the prestigious African Banker magazine Awards. The Awards, which reward banking excellence in Africa, were announced at a virtual ceremony held on 26 August. The African Banker’s judging process sought to recognise the African banks that have demonstrated original and …

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Nigeria’s Akinwumi Adesina reelected president of African Development Bank

President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has been reelected to a second 5-year term by the Board of Governors of the international financial institution. The election took place at the bank’s annual general meeting held via video conferencing on Thursday. Adesina was the first AfDB president to be re-elected with 100% votes of both African and …

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Stay away from Northern Cyprus, Nigerian government advises students

Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), has called on Nigerian parents to stop sending their children to study in Northern Cyprus. She made the call in Abuja on Monday while speaking on the sudden death of a 25-year-old Nigerian student in Northern Cyprus, Mr Ibrahim Khaleel Bello, and others who had died in similar mysterious circumstances in …

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Ecobank Group announces 2020 Winners of Fintech Challenge

Ecobank Group, the pan-African banking giant, on Thursday announced the winners of its Ecobank Fintech Challenge 2020 after an exciting virtual event streamed live from Accra, Ghana. Nokwary Technologies, edged out the rest of the finalists to emerge winner of the competition. The first and second runner up spots were taken by Ukheshe Payment and Solutions Growth Factor Technologies respectively. …

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‘Africa’s Business Heroes’ Competition Announces Top 20 Finalists

The Jack Ma Foundation’s search for Africa’s Business Heroes continues, with the top 20 finalists revealed on 19 August – representing over 50% female candidates, 11 key sectors and 14 countries: the twenty finalists have impressed the judges with their vision and entrepreneurial prowess, and are ready to progress to the semi-finale stage of the competition, for a chance to …

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Berlin to rename Mohrenstrasse after African philosopher

In what could be described as a major victory for the Black community’s long struggle for the renaming of streets bearing names derogatory or disrespectful of Africans in the federal capital, the District Assembly (Bezirksversammlung) of Berlin-Mitte has approved the name change of the Mohrenstrasse (Moor Street). On Thursday evening, the assembly decided to rename Mohrenstrasse. In the future, the …

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Ghana’s President Akufo-Addo commissions Africa Trade House in Accra

President Nana Akufo-Addo on Monday, 17th August 2020 commissioned and handed over the African Continental Free Trade Area (AfCFTA) Secretariat building to the African Union Commission (AUC) in Accra. This move is a fulfilment of Ghana’s obligation to provide an office as the Headquarters for the AfCFTA Secretariat and an official residence for the Secretary-General. Delivering a speech at the …

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Germany: Foreign students to be denied visas because of coronavirus pandemic – federal government

Foreign students coming to Germany this semester whose courses can now be done entirely online will not be eligible for visas because of the pandemic, the government has announced. But there is no cause for alarm for most students. Elliot Douglas reports More than 80,000 foreign students in Germany had left the country by April, with lecture halls and libraries …

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Standard Chartered and Airtel form partnership to drive financial inclusion across Africa

Standard Chartered and Airtel Africa will work together to co-create new, innovative products aimed at enhancing the accessibility of financial services DUBAI, United Arab Emirates, August 13, 2020/ — Standard Chartered Bank and Airtel Africa have today announced a strategic collaboration to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. …

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Ecobank unveils card-less ATMs in Nigeria

In a move that promises to make sending and receiving cash easier, Ecobank has introduced cardless Automated Teller Machines (ATMs). The bank’s Xpress Cash enables users to withdraw cash from ATMs using only a mobile phone. “The solution is seamless, secure and is driven by the use of a code (e-token) by an account holder via the bank’s USSD code …

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“Good day for Mother Ghana” as president opens Volkswagen assembly plant in Accra

Ghana’s President Nana Akufo-Addo on Monday unveiled the first vehicles assembled in Volkswagen’s new plant in Accra. “It is a good day for Mother Ghana. The Volkswagen assembly plant will create a lot of highly skilled jobs, reduce the high amounts of foreign exchange used in the importation of second-hand vehicles, and, thereby, help strengthen the Ghanaian currency, whilst, at …

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