AfricaCom: 5G Is Key To Africa’s Business Success
The importance of 5G to Africa’s business success was underlined this week at the 2023 Africa 5G Summit (run as part of the sixth Southern Africa Mobile Broadband [MBB] VIP Salon). The summit was hosted by Huawei and took place during AfricaCom, the continent’s largest technology conference. It brought together industry leaders, regional government regulators, […]
Embracing Afrofuturism To Project An African Perspective And Influence Across The African Diaspora
William Jackson, M.Ed. MetaverseWP & My Quest To TeachWorld Metaverse Council Member We can define Afrofuturism as an artistic movement rooted in science fiction and technological themes, it is far more than that, but this is a beginning of an understanding to the value and influence across Africa and the global African Diaspora. The intrigue […]
Verdant Capital funds Enable Capital
Verdant Capital (www.Verdant-Cap.com) is pleased to announce a USD 2.5 million revolving credit facility for Enable Capital of South Africa. Enable Capital specialises in providing short-term funding solutions to SME subcontractors involved in the physical construction and deployment of local, regional, and national fibre network infrastructure across South Africa. Enable Capital has built up a […]
Verdant Capital has advised a leading United Kingdom (UK) private equity firm on the sale of Biyinzika Poultry International Limited
Verdant Capital (www.Verdant-Cap.com) has advised a leading UK private equity firm on the sale of Biyinzika Poultry International Limited (“BPIL”), a vertically integrated poultry business in Uganda, to an investor consortium including a US single-family office and a regional industry executive. The sale represented a 100% interest in BPIL. BPIL was founded in 1990 as […]
Egypt: African Development Bank supports Commercial International Bank with $148 million to prop up small and medium-sized enterprises (SMEs) and trade
Finance Programme name: Financial package to Commercial International Bank of Egypt (CIB) Instruments and amounts: – $10 million Line of credit with a tenor of 10 years, – $90 million subordinated loan with a tenor of 10 years, – $32 million trade finance line of credit with a tenor of 3.5 years – $16 million trade finance line of […]
England now in top three, Comoros Islands on the charge
Total of 188 international matches played in November; One change on the FIFA (www.FIFA.com)/Coca-Cola World Ranking podium; Comoros Islands are the biggest climbers. International matches were played all over the world in November 2023, with FIFA World Cup 26™ qualifiers taking place in Africa, Asia and South America. The other confederations’ schedules included UEFA EURO […]
#COP28 Kicks Off with African States Seeking to be Equal Players in Talks
As the 28th edition of the Conference of the Parties (COP), the world’s foremost climate summit, begins in the United Arab Emirates on November 30, Africa is grappling with some of the deadliest impacts of a heating planet. The Horn of Africa, which suffered a drought earlier this year, is now battling floods. From Somalia […]
ECOWAS Court to Rule on Niger’s Ex President’s Detention
The Economic Community of West African States is set to issue a decision on a complaint submitted by lawyers of former Nigerien president Mohamed Bazoum over his ouster in a July coup. Since his toppling, Bazoum has been held at his residence in the heart of the presidential palace in the Niamey, Niger’s capital. The […]
The First Person to be Convicted for South Africa’s 2021 Unrest
A South African court has sentenced a former security guard to 12 years in prison for instigating deadly riots in support of ex-President Jacob Zuma. Zuma, who is not related to the former president, shared a video inciting people to loot and burn a mall. More than 200 shopping malls were looted and more than […]
Afrobeats Artist Admits to Cyber Crimes
A British-Nigerian national has pleaded guilty in New York to involvement in a more than seven-year scheme to hack into banks’ and brokerages’ computer servers, causing more than $6 million of losses for customers. Idris Dayo Mustapha, 33, pleaded guilty to access device fraud, conspiracy to commit computer intrusion and securities fraud, and conspiracy to […]
