Africa to adopt smart investment policy in critical situations – Bawumia

Posted by - January 27, 2023

Vice president of the republic, Mahamudu Bawumia says there is a need for smart investment in Africa in critical situations. At the official opening of the Africa Prosperity Dialogues at the Safari Valley Resort at Adukrom, he said Africans need to produce and find their way out of poverty and underdevelopment investing in smart infrastructure

AngoCasa Launch Prestige Properties: Angola Property Report 2023

Posted by - December 15, 2022

In 2021, Angola emerged from five years of recession. The business environment in Angola records significant improvements since 2018, becoming a key factor to attract new investments and the return of big multinational companies. Furthermore, earlier this year Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first

The Egyptian Banking Institute (EBI) unveils first round executive programme for the African banking sector

Posted by - November 14, 2022

In an effort to develop human capital in the African banking sector, the training arm of the Central Bank of Egypt, the Egyptian Banking Institute (EBI) has successfully launched the first round of its EBI executive programme for the African banking sector. The programme aims at developing the executive leadership talents and competencies as well

Yabx announces entry into Nigeria, aims to double its growth in Africa

Posted by - November 9, 2022

Yabx, a fintech venture headquartered at Netherlands, has announced plans to commence business operations in Nigeria, with a mission to democratise credit across the country with its digital lending offerings. According to a World Bank Report, the private credit bureau coverage in Nigeria was 13.9% in 2019. The numbers must have improved post pandemic but

Top 5 Richest Men in Africa in October 2022, Dangote tops the chart

Posted by - October 26, 2022

Dangote tops the chart as Africa’s richest man in October,2022, and he is the only African on the list not below the 200th position. According to Bloomberg, Africa’s wealthiest men remain unchanged while there has been a change in their fortunes in October 2022. For context, the world’s richest man has been reported to have

Agric Insurance Market Value In Africa Hits $390m

Posted by - October 20, 2022

The total agriculture insurance market value in Africa in 2021 was $390 million even as the total agric insurance market value climbed to $45.5 billion, the Agric manager, Africa Reinsurance Corporation (Africa Re), Mr. Isaac Magina, said recently. This is even as the insurance companies underwriting risks in the agricultural sector of the nation’s economy

DFC donates $83 million for Africa Data Centres to expand ICT Infrastructure in South Africa

Posted by - August 23, 2022

U.S. International Development Finance Corporation (DFC) has announced the first disbursement of $83 million of its up to $300 million loan to Africa Data Centres, a key investment advancing the Biden Administration’s Partnership for Global Infrastructure and Investment. Africa Data Centres is Africa’s largest network of interconnected data facilities, which power, cool, secure and connect

Why Mobile is the future of banking in Africa

Posted by - October 13, 2021

Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According to the Global System for Mobile Communications’ (GSMA) 2021 State of the Industry Report on Mobile Money, the number of registered mobile money accounts grew by 12.7% globally in 2021 to 1.21 billion accounts –