Latest Outage Highlights Africa’s Internet Vulnerability
Kenya, Uganda, Tanzania, and Rwanda are the latest African countries to experience internet disruption after Nigeria, Ghana, and other West African nations in March. These outages have far-reaching effects on commerce and daily life on the continent and the frequency of their occurrence have raised fears that Africa’s internet is fragile and vulnerable. To combat […]
Egypt is Selling Off Prime Tourist Land to Pay its Debts
Saudi Arabia wants to buy the Ras Ghamila area, a popular tourist destination in the Middle East, from Egypt, according to a source within the Egyptian government. To this end, the Kingdom is reportedly willing to use its deposits with the Central Bank of Egypt, about $10.3 billion, to finance the deal. It is also […]
A Spotlight on 15 African Ventures Defining the Future of Tech Innovation
On June 7, startups from across Africa will pitch their business models to potential investors and partners at the African Tech Summit (ATS) in London. The event, which will take place at the London Stock Exchange, will feature fifteen startups selected from a pool of over 150. These startups operate across different industries from energy […]
Tanzania’s Central Bank will no Longer Allow Unlicensed Digital Lenders to Operate
Tanzania’s Central Bank has banned the operation of unlicensed digital lenders in the country. The Bank requested that customers ascertain that a digital loan platform is licensed before patronizing them. While the bank didn’t provide any reason for its decision, it is widely believed the restrictions are an attempt to curb the predatory practices of […]
Here are the Main Causes of Deforestation in Ghana
With almost 7.9 million hectares of forested land, Ghana’s forests account for about 35% of its total land area. Unfortunately, the country’s forests are in decline. According to John Tennyson Afele, an agroforestry researcher, agricultural expansion, fuel, mining activities, and logging are the primary causes of this decline. They are, in turn, caused by Ghana’s […]
Raising the Quality of the African Road Network Tops Ivory Coast Summit
On Monday, Ivory Coast’s capital Abidjan hosted the 21st General Assembly of the Association of African Road Maintenance Funds (ARMFA). During the event, ARMFA’s President Ésaie Moussa Aubin recommended that nations within the purview of the African Union should be directed to establish a road maintenance fund of a standard that is on par with […]
Unlocking Growth: Cross-Border Trade Gives African Entrepreneurs Access To New Markets
Authors: Sejeng Matlhako, Head: Regional Transactional Banking Sales (Business Banking) Absa CIB and Stanley Hlamalani Godi, Regional Segment Head: Relationship Banking Coverage Growth, Absa Group Growth-focused businesses in South Africa are increasingly looking to cross-border trade for opportunities to develop their bottom-line and deepen their revenue channels. A combination of the right banking partner and […]
