Africa Oil & Power Transforms Into Energy Capital & Power
Africa Oil & Powerannounces that it is evolving into Energy Capital & Power (ECP), repositioning itself with a broader investment and energy outlook. The transformation will reflect a renewed focus on all segments of the energy value chain – fueled by the energy transition narrative and supported by expanded service offerings. The launch of ECP as an investment platform reflects the global nature of the company, covering […]
Zeepay Ghana Acquires Mangwee Mobile Money In Zambia
Zeepay, the leading African Challenger Fintech with operations in over 10 African countries today acquired a 51 percent stake in Mangwee Mobile Money in Zambia. In a private placement, Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to Zeepay. The deal makes Zeepay Ghana the majority shareholder of the entity. […]
Potency, Thy Name Is Covid-19
Professor Shabir Madhi shares his views at PSG’s latest Think Big webinar Most South Africans probably think our death rate from Covid-19 is around 50,000 people. But it is likely to triple this amount based on South African Medical Research Council modelling. This alarming information was revealed by Professor Shabir Madhi at PSG’s latest Think Big webinar this […]
Insurtech Start-Up OKO Raises $1.2 Million To Bring Innovative Insurance To Smallholder Farmers Across Africa
OKO, an Insurtech start-up that provides inclusive agricultural insurance to secure farmers’ income across Africa, has closed a Seed investment of $1.2 million. The round was led by Newfund and ResiliAnce. Mercy Corps Venture, Techstars, ImpactAssets and RaSa also participated in the round. The start-up which currently operates in Mali and Uganda uses satellite data […]
Book Dash And The Fenix Trust Win The Nedbank Private Wealth Innovation Awards
Nedbank Private Wealth is delighted to announce the winners of the Nedbank Private Wealth Innovation Awards in 2021, a once-off initiative to recognise innovation and resilience demonstrated by South African non-profit organisations (NPOs) during the Covid-19 crisis. Two awards were presented: a main award and a technology award. The main award of R600 000 recognised an […]
Overcoming Covid-19: World Leaders Must Finance A More Equal World To Beat Pandemics
By Winnie Byanyima Leaders at this year’s World Bank/IMF Spring Meetings (April 5-11) will determine how best to recover from one of the biggest crises the institutions have faced since their founding in 1944—COVID-19’s impact and its economic aftermath. Given the need to fund treatment and vaccines, there is pressure to scale back funding for social […]
AIMS And Baden-Württemberg International (BW_i) Host Virtual Conference On Digitalization And Health
The African Institute for Mathematical Sciences (AIMS) and Baden-Württemberg International (BW_i) have kicked off a virtual scientific conference under the theme “How can digitalization contribute to a more resilient global health”. Launched to bring together young scientists from Africa and Germany, the two-day (April 20-21) event will provide a unique platform for knowledge exchanges, facilitate networking, and […]
Capturing Africa’s Architectural Flair
An ambitious seven-volume encyclopedia captures the wealth of architectural wonders in 49 sub-Saharan African countries. In Burkina Faso, the iconic Grand Mosque of Bobo-Dioulasso features conical towers dotted with wooden struts that resemble spears from afar but double up as scaffolding for repair works whenever necessary. The redesigning of megacities such as Lagos, which are […]
Nigerian Banks’ Dominance of their Home Turf Makes Services Outdated
Largely protected by regulators from foreign competition, Nigerian lenders control 94% of their domestic market, by assets, the world’s largest share of local ownership. But the threat is now homegrown. Nigerian banks are only now starting to counter the emerging fintech firms riding the online wave spurred by the pandemic. As they set out their […]
A Seed Fund to Grow African Firms
Africa-focused venture capital (VC) firm Atlantica Ventures is raising a US$50 million fund that will invest in tech and tech-enabled businesses from seed stage onwards. Founded in 2019 by Aniko Szigetvari and Ik Kanu, who have previously worked for the likes of IFC, Helios and Convergence and have extensive angel investing experience, Atlantica Ventures counts […]
