Helping Africa’s SMMEs Access Loans Needed to Grow
Kenyan fintech startup Paylend, which is helping MSMEs better record data and access loans, is conducting surveys in Tanzania and Nigeria ahead of beta tests in those markets. Founded in 2019 by Bendon Murgor and Eliutherius Juma, Paylend is digitising the manual, black book recording of data traditionally used by MSMEs. “Loss of the book […]
What’s at the Core of Madagascar’s Problems?
Madagascar’s tumultuous political history has been characterised by several coups. The political crisis usually starts in the same way strikes and street demonstrations in urban areas. But these movements aren’t typically organised by the opposition, they are mostly driven by the collapse from inside of the government and its supporters. Madagascar seems to be heading […]
Some Good News for Cairo’s Banking Sector
Ratings action from Fitch on Egypt’s Commercial International Bank (CIB) shows that the country’s banking sector is poised for recovery, analysts say. Fitch this month raised CIB’s outlook to stable from negative, saying that CIB’s corporate franchise allows the bank to focus on private-sector borrowers with good credit quality. “We are positive on the strong recovery story […]
Ghana Pulls Out All the Stops for Survivors of Black Wall Street
Survivors of the Tulsa massacre, one of the worst racist killings in US history, that occurred 100 years ago, are in Ghana for a week-long visit. Viola Fletcher, 107, known as “Mother Fletcher”, and her brother Hughes Van Ellis, 100, known as “Uncle Red”, were children in 1921 when a mob of armed white people […]
One of the Most Anticipated Nollywood Films of All Time
The trailer for King Of Boys: The Return Of The King was released Monday amid frenzy from fans of the crime and political thriller, who call themselves the KOB Army. The seven-part project is Netflix’s first Original Series from Nigeria and a sequel to the highly acclaimed 2018 King of Boys movie directed by leading director Kemi […]
Morocco Latest Country to be Engulfed in Flames
Firefighters in northern Morocco are battling to put out two forest blazes, a forestries official said Sunday as the North African kingdom swelters in a heatwave. Firefighting planes were being used to tackle the conflagrations which had already destroyed some 200 hectares (500 acres) of forest. Several parts of the North African kingdom have seen […]
The Situation In Somalia Could Turn To Chaos If Unchecked
The Taliban’s swift takeover of Afghanistan has raised concerns that it could encourage other Islamist militant groups around the world, such as al-Shabab in Somalia. Experts warn that when and if international forces there try to hand over security to the Somali government, the world could see a repeat of what happened in Afghanistan. Former […]
Nigeria’s Petroleum Industry Bill
President Muhammadu Buhari signed into law long-awaited legislation to overhaul the oil and gas industry in Africa’s biggest crude producer. Buhari assented to the so-called Petroleum Industry Bill on Monday, a month after it was voted through by both chambers of the National Assembly, presidential spokesperson Femi Adesina said in an e-mailed statement. Buhari’s government […]
Ivory Coast Set to Roll Out Vaccinations against Ebola
Ivory Coast has recorded a case of Ebola the first occurrence of the deadly disease in the country in nearly three decades. Officials at the Institut Pasteur confirmed the case after testing samples taken from an 18-year-old Guinean woman, health minister Pierre N’Gou Demba said on RTI state television. She left the city of Labe […]
Zambians Praised for Coming out in their Numbers to Change the Status Quo
Business tycoon and opposition leader Hakainde Hichilema was declared winner of Zambia’s hotly contested presidential election, defeating incumbent Edgar Lungu. Hichilema beat incumbent President Edgar Lungu by almost 1 million votes, the biggest margin of victory in a quarter century.Hichilema enjoyed the backing of 10 opposition parties at Thursday’s vote under the banner of his […]
