Officials Push for International Business Meeting to Happen in Morocco
The International Monetary Fund and World Bank will decide on Monday whether to proceed with Oct. 9-15 annual meetings in earthquake-hit Morocco after completing a “thorough review” of the country’s ability to host the meetings, IMF Managing Director Kristalina Georgieva told Reuters. Georgieva also said in an exclusive interview that the IMF has reached a […]
Meet Nigeria’s New Central Bank Chief
Nigerian President Bola Tinubu nominated Olayemi Michael Cardoso, a Harvard graduate and former Citibank executive, to be the next governor of the nation’s central bank. Cordoso’s appointment to the five-year term will require confirmation by the Senate, the presidency said in a statement on Friday. Cardoso is a Nigerian banker, chartered stockbroker, consultant and public […]
In Ethiopia, Safaricom has a Unique Opportunity to Cement itself as a Regional Behemoth
When Kenya’s Safaricom set up shop in Ethiopia last October, it looked set to make a big splash in a long-underserved market in Africa’s second most populous nation. While it started off well enough, signing up 5 million customers by August, it soon became apparent that Safaricom’s lofty ambitions have exposed managerial, operational, and domestic […]
The Extraordinary Development of the Fintech Ecosystem across Africa
The African fintech space saw 26 startup acquisitions between June 2021 and July 2023, up 271 per cent on just seven in the preceding two-year period, with M&A activity in the sector really hotting up. Disrupt Africa data suggests you are much more likely to be acquired as a fintech business than in any other […]
Accra has Grown into an Important AI Hub for Africa
Darlington Akogo is the founder and chief executive of minoHealth AI Labs, an AI for health company specialising in such areas as radiology and microscopy. He started the company in 2016 while living in Europe and returned to Ghana the next year, aiming to deploy deep learning (DL) to aid hospital diagnoses for diseases from […]
Nigerians Remain Banned from Travel to UAE
The United Arab Emirates has contradicted claims by the Nigerian government that it is to lift a year-long visa ban on Nigerian travelers. An official from the Gulf state told CNN: “There are no changes on the Nigeria/UAE travel status so far.” Earlier this week, Nigeria’s President Bola Tinubu met with UAE leader Mohamed bin […]
Kigali Tests its Nuclear Capability
Rwanda’s atomic energy board says it has signed a deal with a Canadian-German company to build its first small-scale nuclear reactor to test what the company asserts is a new nuclear fission approach. If all goes well, officials said, Rwanda and the company could set up a production line of such reactors in the central […]
Lusaka and Beijing Upgrade their Ties to a “Comprehensive Strategic Cooperative Partnership”
Zambian President Hakainde Hichilema met his Chinese counterpart Xi Jinping in Beijing for bilateral talks on Friday. China has significant stakes in Zambia’s mining sector while the southern African nation seeks to restructure its mounting external debt with its leading creditor. President Xi said China and Zambia’s friendship had “withstood the test of international storms […]
South Africa’s Regulatory Body Quiet on Alleged Illicit Flows
The South African Reserve Bank (SARB) has remained tight-lipped amid serious allegations that three of the country’s major banks, including Standard Bank, allegedly helped a gold smuggling gang launder millions of dollars in exchange for bribes in Zimbabwe, a Standard Bank employee has been suspended following the exposé. International news network Al Jazeera earlier this […]
Ethiopia’s Dam is Full
Ethiopian prime minister Abiy Ahmed announced that the fourth and final filling of the Grand Ethiopian Renaissance Dam (GERD) was complete in a move that was immediately denounced by Egypt as a violation of international law. The two countries have been engaged in a long-running dispute over the dam, which Ethiopia says is vital for […]
