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Safaricom Ethiopia Formalizes its Investment From the World Bank Group

Ethiopia| Safaricom Ethiopia is set to receive funds from the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), members of the World Bank Group, following the closure of the transaction during a funding ceremony held at the...

The African Internet Connectivity Journey is on its Path to Global Economic Success

Africans are getting ready to take over the world. This may not be a sentiment the developed world tends to agree with, but it is time to acknowledge the facts. Around 17% of the world’s population resides in Africa...

Zimbabwe to Load Shed 12 Hours a Day Amid Severe Power Shortage

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has said on Sunday that it has begun rolling out daily 12-hour power cuts due to limited generation at its thermal plant and further constraints placed on the Southern African country's...

Ethiopia’s telecom privatisation leads new wave of deals for 2019

Last week, during a press briefing, Ethiopia’s state-owned telecommunications company announced it will be the first of four companies to be privatised. Telecom, media and tech investment and consolidation activity in Africa is predicted to reach a record high for...

WATCH: Rwanda strengthens ties with fellow African countries

According to Rwandan President, Paul Kagame, there are chances the continent will increasingly become globally relevant and produce better outcomes, now that Africa is focusing on cooperation and integration. Kagame was speaking in Davos, Switzerland at the World Economic Forum...

MoneyGram launches money transfer service to mobile wallets in Ghana

MoneyGram and Zeepay, a mobile financial services company, announced a new partnership that enables customers around the world to send money directly to more than 11 million mobile wallets in Ghana. With this new service, MoneyGram becomes the only leading...

Uganda becomes the first African country to de-risk small and medium scale renewables

Uganda becomes the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the African Trade Insurance Agency , a Pan-African and multilateral guarantor and KfW with funding from German Ministry...

Top 10 fastest growing economies in Africa 2018

Africa’s economy is projected to continue to rise to 3.2 percent in 2018 and to a further 3.5 in 2019, this is according to the latest World Bank report released early 2018. According to the report, non-resource intensive countries are...

20 African startups selected for XL Africa

On Monday 6 November 2017 the World Bank Group’s infoDev program announced 20 of the most promising African digital start-ups which will take part in the XL Africa residency, the flagship initiative of the business accelerator launched last April....

Kenyan Government hails Huduma Card

The Kenyan Government has given a vote of confidence in the implementation of the Huduma Card in the country, and its role in driving financial inclusion. The announcement was highlighted during the 2017 World Economic Forum (WEF) on Africa, and...
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Why is Closing The Cybersecurity Gender Gap Critical?

2024 signifies a seminal moment in South African history. Not only does it mark three decades since the first...
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