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The new kids on the blockchain, Modex, announces Initial Coin Offering in Financial Times Arab Banking and Finance report today

Modex is building on its existing fintech payment application, Moneymailme. The app will be used to deploy smart contracts and crypto currencies alongside traditional currencies to create a robust, borderless social payment ecosystem   Borderless social payment ecosystem is in particular high demand in emerging and frontier markets across Africa, the Middle East, and Asia LONDON, United Kingdom, October 13, 2017/ — Following the Jamie Dimon’s strange rebuke of crypto currencies and Lloyd Blankfein’s ambiguous tweet about still making up his mind on the future of blockchain the enfant terrible. Modex,…

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Best Ideas to Invest in Gold

In the modern world, many people invest in Gold. Unlike other invest options, Gold investments are consider to be resistant to financial fluctuations. The securities and money markets tend to keep fluctuating and it is becoming more difficult to predict the value of stocks. The Gold assessment on the other hand tends to be more stable with little fluctuation. This may be the reason why many people turn to investing in Gold as opposed to other investment options. The two most common types of Gold investments are Gold Bullion Coins…

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African national oil companies (NOCs) need to evolve for the future in light of a challenging and disruptive environment: PwC analysis

African countries that have for decades depended on their national oil company as a key source of revenue will need to rethink business models and strategies to avoid being captive to a single energy source and to allow them to rebalance budgets JOHANNESBURG, South Africa, October 5, 2017/ — NOCs across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping the economic trap of a lower oil price and embracing the disruptive forces unleashed by climate change and a lowcarbon…

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Rwanda dials up investment opportunities by playing to its strengths

Produced by Maritz Africa Intelligence specifically for the NTU-SBF Centre for African Studies, a trilateral platform for government, business and academia to promote knowledge and expertise on Africa, established by Nanyang Technological University and the Singapore Business Federation. The original document can be downloaded here. *** This article is a summary report of a panel discussion that took place during the Afreximbank annual general meeting, held in Kigali, Rwanda from 28 June to 1 July 2017.  My first impressions of Kigali, Rwanda’s capital, largely agreed with the ‘Singapore of Africa’ analogies I’ve…

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FIRST ATLANTIC BANK ANNOUNCES INVESTMENT BY AFIG FUNDS, A LEADING AFRICAN PRIVATE EQUITY FUND MANAGER

ACCRA, Ghana – September, First Atlantic Bank (FAB) announced  that ti has finalized an agreement with Advanced Finance and Investment Group (AFIG Funds), manager of AFIG Fund II (“Fund II” or the “Fund”), for an investment in the Bank. The Fund’s investment is subject to regulatory approval. First Atlantic Bank is a full-service universal bank in Ghana which has been proving a wide range of banking services to retail and corporate clients for over 20 years. Since First Atlantic Bank’s transformation from a merchant bank to a universal bank in…

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Desalination? Africa should rather manage its water resources better

Access to clean water in the future is by no means certain for many regions in Africa. These include semi-arid regions like the Western Cape of South Africa, where droughts are predicted to intensify under climate change, and wetter countries like Nigeria, where many water resources are polluted. Population growth, industrialisation and pollution will also add to the problem for people needing clean water. South Africa has recently experienced one of the worst droughts on record. In particular, the levels of dams in the Western Cape have been dropping alarmingly….

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IOX Cable announces its plans to connect La Reunion

PORT LOUIS, Mauritius, 5 September 2017-/African Media Agency (AMA)/- IOX Cable today announced that they will be expanding their reach to now Include La Reunion as part of its construction of a new state of the art Submarine Cable System. This initiative is an expansion to the planned IOX cable system to connect South Africa to India and Asia. This connectivity will offer new routes and redundancy between La Reunion, South Africa and India. Through this expansion IOX will further its regional strategy of promoting regional economic development across the Indian…

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Facebook & Instagram help put African tourism on the social media map

Attending the Annual World Tourism Conference in Rwanda, Facebook (www.Facebook.com) and Instagram representatives were in Kigali this week (28-31 August) to discuss and explore ways in which social media can be used to effectively drive tourism growth across the Continent. Showcasing how both platforms can be used as a tool to creatively help change the narrative of Africa as a tourist destination, the team also took part in a live panel discussion exploring the ‘Evolution of Online Travel and Lifestyle Tourism: Leveraging Africa’s Diversity’. The event, developed by the Rwanda…

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Power Africa Partners U.S. African Development Foundation and GE Announce Women in Energy Challenge Winners in Uganda

KAMPALA, Uganda, August 23, 2017/APO/ — The U.S. African Development Foundation (USADF), in collaboration with partners Power Africa and GE (www.GE.com), is proud to announce the winners of the 2017 Women in Energy Challenge in Uganda, where only 20% of the population is connected to electricity. Joint Energy and Environments Projects (JEEP) and Conservation and Development Uganda Limited (CODE) will each be awarded a grant of $100,000 to expand their renewable energy enterprises to reach women beneficiaries. Dr. Maria Bawabya Senkezi, JEEP’s Chairwoman, says investing in women entrepreneurs is critical…

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Africa Oil Week 2017 Announces Dynamic, Forward-Looking Programme

The 24th Africa Oil Week incorporates the 17th Africa Independents Forum (23 Oct), the 24th Africa Upstream (24-27 Oct), the 5th Africa Local Content Forum (23 Oct) and the 5th Young Professionals in Oil, Gas & Energy session (26 Oct) LONDON, United Kingdom, August, 2017/ — ITE (www.ITE-Exhibitions.com), organiser of top international oil and gas events, is pleased to announce details of the programme for the 24th Africa Oil Week, the world’s longest running oil and gas conference on the African continent, to be held in Cape Town, South Africa,…

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