Africa Business Economy General News 

SACFruits: A Good Idea Comes to Fruition

A few years ago, Afie Braimoh was hired from Florida in the US to manage the setup of a juice manufacturing plant in Benue State – Nigeria’s acclaimed “food basket” – where she learnt that many famers in Benue suffer huge post-harvest losses due to a lack of storage facilities and poor roads. “I saw lots of rot in food produce,” Braimoh recalls, and she started to think of a solution to create a sustainable value chain while empowering farmers. How did it all start? At first, she considered setting up a…

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Africa Business Economy General 

How the Weather is Yielding Resilience for Zambia’s Smallholder Farmers

Just having better information about when and for how long it will rain is proving the difference between success and failure among Zambia’s smallholder farmers. Empowered with timely information about the weather ahead of the 2017/18 farming season, 56-year-old Fainess Muzyamba of Pemba district ditched her traditional maize crop for sweet potatoes. “Through the monthly weather briefings that we get, I decided to plant sweet potatoes instead of maize,” Muzyamba told IPS. The monthly weather bulletin that Muzyamba is referring to is part of an integrated package of interventions under…

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Africa Business Economy Featured News Technology 

Digital transformation’s promise for Botswanan businesses

Digital transformation’s promise for Botswanan businesses By Ricardo Flores, Senior Regional Manager of SADC Applications at Oracle GABORONE, Botswana, September 2018 – Digital transformation and emerging technologies have been generating significant interest in Africa recently. Public and private sector organisations are finding the promises of job creation and economic growth difficult to ignore. But what are the possibilities for the Botswanan government and companies to embracing digital initiatives? With internet penetration in the country growing and mobile technologies rapidly being deployed, Botswana is mirroring what is happening in other leading…

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Africa Business Economy General 

Remittance income will drive economic growth for Africa

Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according to ICAEW’s (the institute of Chartered Accountants in England and Wales) latest report. In Economic Insight: Africa Q3 2018 launched today, the accountancy body NAIROBI, Kenya,  September 2018, – The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, provides a snapshot of the region’s economic performance. The regions include; East Africa, West and Central Africa, Franc Zone, Northern Africa, Southern Africa. According to the report, East Africa continues…

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Africa Business Economy General 

Abra, Monero offer pathway to inclusion for African investors

NAIROBI, Kenya, September 2018 – Global currency wallet and exchange Abra has just added super-private cryptocurrency Monero to its platform in a move it says is aimed directly at helping emerging economies – including Africa – drive a revolution in global financial inclusion. Abra founder and CEO Bill Barhydt said the combination of Abra’s user-friendly interface and the privacy-conscious Monero “offered a compelling pathway” for consumers in Africa and other emerging economies to get equal access to all classes of investing, payments and credit services. “Like Monero, we see privacy…

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Second edition of Next Einstein Forum Africa Science Week begins in 35 countries

KIGALI, Rwanda, 10 September 2018,  The Next Einstein Forum (NEF), an initiative of the African Institute for Mathematical Sciences (AIMS) in partnership with Robert Bosch Stiftung, today announced the beginning of NEF Africa Science Week in 35 African countries throughout the months of September, October and December 2018. NEF Africa Science Week are led by NEF Ambassadors, local science and technology champions, together with support of local academic, public and private sector stakeholders and sponsors, who organize three to seven days of events in their countries to promote Science, Technology,…

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Africa: ITFC to Implement U.S. $3 Billion Framework Agreements through two new Financing Agreements to Support Egypt’s Main Sectors

ITFC has signed five framework agreements with the Government of Egypt represented by the Ministry of Investment & International Cooperation totaling U.S. $ 9.2 billion CAIRO, Egypt, September 10, 2018/ — The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilization of the 5th Framework agreement. The first Master Murabaha agreement was signed by Eng.…

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Blockbank Announces Key Banking Partner during ICO

Spire Bank, will be instrumental in facilitating a wide variety of international Crytpto banking activity in association with Blockbank LONDON, United Kingdom, September 10, 2018/ — Blockbank (https://TheBlock-Bank.com/) purchase stake in Spire bank (https://En.Wikipedia.org/wiki/Spire_Bank) & declare strategic FinTech partnership, as a means to provide international Crypto banking services. One of the leading commercial banks in Kenya, Spire Bank, will be instrumental in facilitating a wide variety of international Crytpto banking activity in association with Blockbank — to present the world’s first fully licensed crypto bank with low-cost funding availability. Spire…

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APO Group launches enhanced press release monitoring service for Africa and the Middle East

New features include advanced PR value metrics, a detailed summary page and extra information about the websites covering each press release – making APO Group’s monitoring reports the most sophisticated and comprehensive on the market LAUSANNE, Switzerland, September 10, 2018/ — APO Group (www.apo-opa.com), the leading media relations consultancy for Africa and the Middle East, today unveiled a new version of their media monitoring service for press releases. The new version goes far beyond what is available in the press release distribution industry today. Reports now offer deeper insights to…

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Maramoja Transport in Kenya: Keeping the giants at bay

When Jason Eisen launched Maramoja Transport in late 2013, he was sure that it would solve part of the transport problem he faced regularly when travelling in Kenya. He was even more convinced when app-based taxi giants Uber, and later Taxify, also launched in Nairobi. Now, however, his challenge is to fight off these big spenders in the ride-hailing space. How did this all start? Eisen, who hails from Boston, Massachusetts, started his professional career as a consultant in the US for various domestic and international government bodies where he worked…

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