In a bid to enhance cooperation and boost revenue through increased port operations, Sao Tome has expressed interest in utilizing Takoradi Port as a transshipment corridor for cargoes from other countries. This potential collaboration signifies a strategic move that could benefit both nations and deepen economic ties. Key Development Adelino Cardoso, the Minister of Infrastructure … Read more
Exciting news on the digital front – Paystack, the powerhouse of payment solutions, is spreading its wings and touching down in Côte d’Ivoire, Egypt, and Rwanda. What’s Cooking with Paystack? Hold onto your e-wallets because Paystack is all set to collaborate with a stellar lineup of businesses, ushering in a new era of seamless transactions. … Read more
In a groundbreaking move, Kenya proudly introduced its first local smartphone assembly plant, East Africa Device Assembly Kenya Limited (EADAK), in a ceremony graced by President William Ruto. Industry Collaboration for Affordability EADAK, a joint venture involving local Mobile Network Operators such as Safaricom Jamii Telecommunications and Chinese firm Shenzhen TeleOne Technology, emerged as a … Read more
The stock market journey for the year has been nothing short of a roller coaster, with returns fluctuating and financial stocks showcasing a remarkable recovery. As we approach the year-end, it’s crucial for investors to not only glance at the numbers but also understand the dynamics behind the figures. Here’s a breakdown of the stock … Read more
Ecobank Ghana’s micro loans product, XpressLoan on MTN Mobile Money, has achieved a significant milestone, disbursing nearly US$600 million to 3.2 million Ghanaians. This digital financial success was disclosed by Elhanan Owureku Asare, a Senior Banker and Digital Transformation Specialist at Ecobank, during the FinTech Summit at the Mobile World Congress Africa 2023 in Rwanda. … Read more
The recent report by the GSM Association (GSMA) and the UK’s Department for Business and Trade sheds light on the impact of e-commerce on micro, small, and medium enterprises (MSMEs) in Africa. While the potential for growth is evident, the continent lags in fully leveraging the e-commerce opportunity. The report, launched during MWC Kigali, unveils … Read more
In the world of investing, where opportunities seem endless, a growing interest has emerged in sustainable and environmentally conscious options. One such avenue gaining traction is investing in carbon credits. If you’re new to this concept, let’s explore the basics and answer some common questions. What Are Carbon Credits? Carbon credits are a crucial component … Read more
Strategic Investment for Economic Growth Absa Bank Kenya has unveiled a substantial commitment of Ksh100 billion over the next three years to bolster the development of Micro, Small, and Medium Enterprises (MSMEs) across diverse value chains. This funding initiative aims to fortify the resilience of the sector by providing seamless access to working capital, reinforcing … Read more
Amazon’s announcement to launch Amazon.co.za in 2024 marks a significant development for the e-commerce landscape in South Africa. The move is poised to empower local sellers, brand owners, and entrepreneurs of all scales, offering them a robust platform to expand their businesses. The launch is not just about providing a marketplace; it’s a strategic initiative … Read more
In a monumental leap towards sustainable transportation, South Africa has emerged as a trailblazer in electric vehicle (EV) adoption, experiencing an astonishing 127% growth in EV sales year-on-year. This surge not only signifies a growing awareness among South African consumers regarding EVs but also underscores the government’s commitment to fostering clean and sustainable mobility. Government … Read more