The African Development Bank’s (AfDB) Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products. "This is a great development for Africa. Africa...
Nomanini, a fast-growing fintech platform in Africa, has on Monday announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa’s informal retailers at scale. StockNow, an easy-to-use app for retailers developed by Nomanini, makes it possible for informal...
Dismissing the possibility that Bitcoin could be the next global reserve currency is “naïve”, affirms the CEO and founder of one of the world’s largest independent financial advisory, the deVere Group. The controversial assertion by Nigel Green of deVere Group comes despite the crypto crash, which has been spearheaded by...
Health Cabinet Secretary Mutahi Kagwe is calling for more investments in research and new innovations to better deal with current and emerging health concerns. Addressing the summit on malaria and neglected tropical diseases in Kigali, the health CS made a case for the need to develop appropriate tools and technologies...
German vaccine manufacturer BioNTech and the Rwandan government have offically begun construction on Africa's first mRNA vaccine factory in Kigali, the country's capital. The announcement came on Thursday. The African continent is the world's least vaccinated region against COVID-19, with less than 20% of its 1.2-billion population having received two...
On Friday Eskom, a power utility firm in South Africa, warned that there would be more load-shedding if protests at its stations and facilities persisted. According to Mail & Guardian, the power utility firm confirmed on Thursday that indeed there was protest action outside of its six power stations with...
Proven Consult, a leading automation technology firm, has partnered with a prominent insurance company headquartered in Nairobi, and operating in Kenya, Uganda, and Tanzania. The partnership aims to accelerate digital transformation in the insurance industry in Africa through the implementation of Proven Consult’s latest technologies and marks the beginning...
The Shoprite Group has launched Shoprite Next Capital, a business division dedicated to capacitating and growing commercially viable SMMEs to further the Group’s continued efforts to give small suppliers access to its consumer market. The Group says that Shoprite Next Capital is the formalisation of the key role it plays...
Edgars, recently acquired by the Retailability group, is prioritising convenience for customers by partnering with last-mile logistics company Pargo for nationwide Click & Collect. In addition, the retail group is also adding over 100 of their own stores to the growing network of over 3,000 Pargo Pickup Points. Edgars customers can...
Traders can conduct transactions and analyses of financial products across a network with a broker, market maker, or stock exchange with the assistance of trading software. Traders can use trading software regardless of their location. There is a comparison between trading software and open outcry floor trading. Online trading platforms,...
Cryptocurrency is currently enjoying a meteoric rise all across the world, with over 20% of crypto assets worldwide being held in China, more Americans than ever trading thanks to Super Bowl commercials and celebrity endorsements, and Vietnam having the highest per capita trade volume of Bitcoin in the world....
Getting paid for work is not an easy task in Nigeria. There's always some sort of issue with the structures of the banks; it can be transferring money from one account to another or even withdrawing a relatively small amount. Sometimes, obtaining a bank account is impossible due to...
Experts at Russian cybersecurity company Kaspersky have taken a close look at the phishing pages aimed at potential crypto investors as well as the malicious files that are distributed under the names of the 20 most popular cryptocurrency wallets. Since the beginning of 2022, Kaspersky products detected and prevented almost...
One of the leading global edtech companies Snapplify has launched its Teacha! brand in East Africa, making thousands of teaching resources immediately available to teachers. Using the Teacha! resource marketplace, teachers can buy and sell their teaching resources online. "There is a great need for CBC resources in Kenya at the moment and...
Cape Town-based startup Root, which builds infrastructure for the digital insurance economy, is partnering with one of Africa's top startups Andela, a global network for remote technologists founded in Nigeria, and financial services company Momentum Health Solutions, to offer healthcare options to Andela’s talent network. Director of talent partnerships at...
New research for blockchain-based mobile network operator World Mobile shows that African business leaders are forecasting a surge in spending on tech start-ups as foreign direct investment and improved internet connectivity help establish the continent as a tech superpower. The research was conducted by independent digital research and marketing company...
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