African Countries are Having to Campaign Hard for Changes to an International Financial System
African political and business leaders attending the United Nations General Assembly (UNGA) have stressed the need to drive investment to help the continent’s countries address the green energy transition, and therefore boost their economies, while also adapting to the extreme weather conditions. Kenya’s President William Ruto said there was an inaccurate perception that investments in […]
Developing Local African Value Chains in Strategic, Lucrative Markets such as Digital Connectivity
Driven by the conviction that digital technology is now a fundamental right, Telecel Group – Africa’s first and oldest mobile telecoms operator – has been ramping up its operations across the continent to facilitate widespread mobile broadband access, including in the poorly-connected West Africa region, particularly Senegal, Liberia and the DRC. Furthermore, Telecel has committed […]
The Ghanaian Government has Essentially Filed for Bankruptcy
According to a report by The New York Times, President Nana Akufo-Addo’s administration “had no choice but to agree to a $3 billion loan from the lender of last resort, the International Monetary Fund,” which helped to explain Ghana’s financial crisis, in which government organisations owed billions to contractors and were in serious debt. The […]
A Potential Blow for Africa’s Hopes of Greater Vaccine Self-reliance
BioNTech SE is revising plans to build a manufacturing network of vaccine plants in three countries in Africa, just over a year after breaking ground on the first facility in Rwanda. The German biotech company is currently not moving forward with a plan for a manufacturing facility in South Africa. In Senegal, BioNTech is now […]
African Developers Start to Recognise the Environmental Benefits of Building with Timber
The skyline of Zanzibar will gain a dramatic new addition over the next few years, with the planned opening of the 96-metre high “Burj Zanzibar”. The remarkable feature of this building is not its height, however – but that fact that it will be made largely of wood. The “landmark project” is intended to “showcase […]
AGOA Summit Set to Strengthen Trade and Economic Ties between the US and Sub-Saharan Africa
South Africa is set to host the African Growth and Opportunity Act (AGOA) Summit later this year, despite recent diplomatic tensions between the country and the United States (US). In June this year, US legislators called for the relocation of the summit due to controversy surrounding alleged arms shipments to Russia by South Africa. Cleared […]
Slow Process of Diversification Away from Payments and Lending Solutions within Africa’s Fintech Space
Disrupt Africa’s Finnovating for Africa publication, released every two years since June 2017, tracks the extraordinary development of the fintech ecosystem across Africa. The fourth edition of the report is released in partnership with AZA Finance, an African fintech company offering secure and efficient financial infrastructure for payments, foreign exchange, and settlement; and Curacel, an […]
Egypt is Planning to Float 5% to 10% of the Shares of the Company Building its Vast New Capital
The sale on the stock exchange of shares in the Administrative Capital for Urban Development (ACUD), now owned 51% by the Egyptian military and 49% by the government’s New Urban Communities Authority, was first mooted at least two years ago for 2023. Khaled Abbas, chair of the ACUD gave no estimate for the value of […]
Ghana’s Youth Robotics Team Prepares to Compete in Singapore
The team will be at FIRST Global, an annual Olympic-style international robotics competition that brings together youth from all around the world to share their passion for STEM. The competition will be held at the Singapore EXPO and will highlight the role of hydrogen in sustainable energy and the reduced carbon future. This year the […]
How Uganda’s Motorbikers are Beating Petrol Hikes
Uganda’s gasoline prices are the highest they’ve been in 30 years — so it’s a good time to promote e-mobility. In Kampala, motorbike taxis are being converted to battery-electric models. They’re cheaper to operate and better for the environment. DW
