Special

Report shows investors’ optimism in sub-Saharan Africa despite challenges

In the largest survey of its kind, The Africa List Business Barometer reveals a high degree of confidence in the business environment across Democratic Republic of Congo (DRC), Ethiopia, Tanzania, Uganda and Zambia, despite ongoing challenges London, 04 December 2019: A survey of over 350 business leaders across five of some of Africa’s fastest growing economies reveals a high degree of optimism …

Read More »

Nigeria spent more than $4 billion to import rice, wheat, others in 12 months

No less than N1.3 trillion ($4.3 billion or €3.8 billion) was spent by the Nigeria on the importation of rice, fish, sugar and wheat in the last 12 months, the Central Bank of Nigeria (CBN) said on Tuesday. The bank’s Deputy Governor, Corporate Services, Edward Lametek, spoke at a seminar organised for Finance reporters in Owerri, Imo State. Speaking on …

Read More »

Black People demand Equal Rights in Germany at historic congress

The historic People of African Descent (PAD) Week Germany ended on Saturday in Berlin with workshops and panel discussions on the situation of Black people in the country. Organised by Each One Teach One (EOTO) e.V., a community-based education and empowerment project, PAD Week Germany, held on 28-30 November and attended by more than 250 participants, also marked the third …

Read More »

Kagame inaugurates Carnegie Mellon University Africa campus in Rwanda

Pittsburgh, US-based Carnegie Mellon University (CMU) has opened its newly-built African campus in Kigali, Rwanda. The institution is the only American research university offering master’s degrees with a full-time faculty, staff and operations in Africa. Inaugurating the campus on Friday (22 November), President Paul Kagame said Rwanda had the potential, will and capacity of hosting international centres of excellence such …

Read More »

Mauritius Ambassador identifies obstacles to African development at G-PAD Forum

Ambassador of Mauritius to Germany, Prof Kheswar Jankee, has identified factors inhibiting Africa’s development and preventing the continent from realising its huge potential. Speaking at the 2019 Global Partnership for Africa’s Development (G-PAD) Forum, which took place on 22-23 November in the German city of Tubingen, the diplomat and scholar said it’s frustrating talking about African development challenges despite its …

Read More »

Merkel challenges African leaders on driving continent’s economic development

German Chancellor Angela Merkel hosted African leaders to a meeting in Berlin on Tuesday. The summit, the third within the framework of the G20 Compact with Africa (CwA) initiative, seeks to promote increased private sector investment in Africa. At a meeting at the federal chancellery attended by representatives of the 12 partner countries of the CwA and South Africa, being …

Read More »

Stakeholders discuss future of mobile money platforms in Africa

Stakeholders from 8 African countries deliberate on policies and frameworks to drive innovation, technology and sustainable mobile payment ecosystem Key representatives from over 8 countries in Africa gathered at a workshop organized by Vodacom in Dar es Salaam on Wednesday (21 November) to look into trends and developments shaping the mobile money industry in Africa. Sub-Saharan Africa is home to …

Read More »

How Nigerian emerged first Africa Jack Ma Prize winner

Temie Giwa-Tubosun, whose company LifeBank delivers blood to in-need hospitals in Nigeria, took first place in Jack Ma’s inaugural Africa Netpreneur Prize contest on Saturday (17 November) during a five-hour finale taped for TV in Accra, Ghana. Giwa-Tubosun pitched her way to a $250,000 cash prize over the course of eight months, beating out about 10,000 other applicants from 50 of Africa’s 54 …

Read More »

European Bank to mobilise €1 billion for women entrepreneurs in Africa

The European Investment Bank (EIB) has launched SheInvest, a new initiative that aims to mobilise 1 billion euros of investment to benefit millions of women across Africa with better access to finance and by making sustainable infrastructure services and products work for them. This initiative was launched simultaneously at the Africa Investment Forum, which took plan on 11-13 November in …

Read More »

Jack Ma Foundation awards $1 million to African entrepreneurs

The foundation of Chinese billionaire and founder of the Alibaba Group, Jack Ma, hosted its first annual Africa Netpreneur Prize Initiative grand finale on Saturday in Accra, awarding $1 million in prize money to 10 entrepreneurs from across Africa. The Africa Netpreneur Prize Initiative (ANPI) is a flagship initiative of the Jack Ma Foundation, created by Jack Ma after his first …

Read More »

Francophone West African countries to withdraw foreign reserves from France

The end is near for one of the most contentious legacies of French colonialism in Africa. The eight-member nations of the West African Monetary Union have “unanimously” decided to end the policy of keeping their foreign reserves in the French Treasury President Patrice Talon of Benin has announced that the foreign reserves of the West African CFA franc, the currency …

Read More »

MoneyGram awards outstanding migrant entrepreneurs

The 1st European MoneyGram Migrant Awards to honour migrant entrepreneurs for supporting local economies & reinforcing integration in Belgium, France, Germany, Italy, Spain and the UK, took place on 7 November 2019 at the Claridge in Brussels. Several representatives of MoneyGram such as Michael SchĂĽtze, Head of MoneyGram Europe, Grant Lines, Chief Revenue Officer and prominent guests participated at the award ceremony, including Christos Stylianides, European Commissioner …

Read More »